Greece’s Pavimar, so far a busy buyer of drybulk tonnage, is reported to have joined the ranks of sellers.

London brokers say the Ismini Panayotides-led company has sold the 181,000-dwt Mairaki (built 2011) to an unidentified Greek peer for $27.5m.

Pavimar took over the STX-Offshore-built Mairaki from Greece's Empire Bulkers almost two years ago. No details of an actual transaction had emerged when the ship's management changed hands then.