Kristian Gerhard Jebsen Skipsrederi (KGJS) has continued to clear out elderly tankers and appears to have found a buyer for a 17-year-old, LR3 tanker.

European brokers said the Norwegian shipowner's 159,000-dwt SKS Sinni (built 2003) has gone to a Greek owner for nearly $21.3m.

Healthy price level

The price for the Hyundai Heavy Industries-built ship appears quite healthy, as UK-based online firm VesselsValue says the SKS Sinni is worth $19.5m.