Norway's Kristian Gerhard Jebsen Skipsrederi (KGJS) has sold an LR3 product tanker almost half a year after it was put up for sale.

Brokers said the company has sold the 158,000-dwt SKS Segura (built 2007) for $20m — a lower-than-expected price.

VesselsValue estimates the Hyundai Heavy Industries-built tanker to be worth $22.4m.