Strong demand for smaller clean tankers in Asia is expected to produce a positive result for a small chemical tanker to be auctioned in Singapore.

The 15,200-dwt chemical and product tanker Folk Beauty (built 2010) last traded in the fleet of Dubai-based Folk Shipping. It will be sold by sealed-bid tender on 14 August, with offers due in at the Sheriff of Singapore’s office by 3pm on the day.