Kristian Gerhard Jebsen Skipsrederi (KGJS) has fetched a stronger-than-expected price for a 17-year-old suezmax product tanker.

The Norwegian shipowner has sold the 159,000-dwt SKS Saluda (built 2003) to an undisclosed buyer for a firm $22m. The Hyundai Samho Heavy Industries-built ship, which is listed by some as an LR3 tanker, is not due for special survey until April 2023.

VesselsValue estimates the vessel is worth $19.5m,