Chembulk Tankers' decision to sell three more vessels in the fourth quarter may lead some to question the company's tactics, according to analysts.

The US owner signed memorandums of understanding to offload 32,000-dwt Chembulk Westport (built 2005), 33,682-dwt Chembulk Lindy Alice (built 2008) and 32,682-dwt Chembulk Minneapolis (built 2007).

The company, based in Fairfield, Connecticut, will get $13m, $16.5m and $15.5m