Chembulk Tankers has redeemed another chunk of its 2018 bond issue after buying back a portion last week.

Using funds from a slew of sold vessels, the Connecticut-based, private equity-backed shipowner announced Friday it had called $65.95m of its $200m Oslo-traded debt issuance at 105%, plus interest.

The move came 10 days after Chembulk used the proceeds to buy back $41.4m