At a time when everyone else seems to be buying bulkers, Greek owner Gleamray Maritime has offloaded half of its fleet since August — and has sold a capesize in another under-the-radar deal.

But a source with knowledge of the matter said Gleamray has no further vessels for sale and is on the hunt for modern kamsarmax bulkers.

The Athens-based owner sold its 176,400-dwt capesize Annou Max (built 2011) in December, and shipping databases show the...