Petredec has fetched a better-than-expected price for a 12-year-old handysize LPG carrier.

The shipowner and gas trader has sold the 22,500-cbm Nijinsky to little-known Indonesian company Patria Nusasegara for $30.5m, according to several Western gas brokers.

VesselsValue, a UK-based online valuation platform, estimates the Hyundai Heavy Industries-built vessel is worth just $14.8m.

The ship has already been renamed Gas Amarin Jaya.