We consider a SU(3) ring-exchange model on a triangular lattice. Unlike the
SU(2) case, under perturbation expansion of the SU(3) Hubbard model, the
three-site ring exchange is present as well as the usual four-site ring
exchange. Interestingly, the three-site ring exchange differs from the usual
two-site and four-site exchanges by a minus sign and is ferromagnetic. We first
present numerical site-factorized state studies on this model which shows a
three-sublatticed order phase and a ferromagnetic phase. We further study the
model using slave-fermion mean field in which we rewrite the exchange operators
in terms of three flavors of fermions. We find the main competing trial states
are the trimer state (triangular plaquette state) and the gapless U(1) spin
liquid states with parton Fermi surfaces which include both the uniform
zero-flux spin liquid state, and the uniform \pi-flux spin liquid state.
Furthermore, we find there are possible pairing instabilities of the zero-flux
(Fermi surface) spin liquid state toward a f-wave gapless (nodal) spin liquid
state and the \pi-flux (Fermi surface) spin liquid state toward an interesting
exotic s-wave gapless spin liquid state with two flavors of fermions paired
up while one flavor of fermions remains gapless.

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