South Korean shipowner DM Shipping has sold a handysize chemical that made front page headlines when it was seized by Iran in January, according to broker reports.

The 17,400-dwt Hankuk Chemi (built 2000) is said to have been sold to a Chinese buyer for $5.5m.

Executives at DM Shipping declined to comment on the sale reports, citing a company policy of not talking to the media.