China Merchants Energy Shipping (CMES) is scrapping another Oshima-built panamax in China.

In an announcement to the Shanghai Stock Exchange, Chinese state-controlled shipowner China Merchants Energy Shipping (CMES) says it has been paid CNY 20.36m ($3.29m) for the Oshima-built 73,645-dwt Pacific Paradise (built 1993). Like sistership Pacific Prospect, which was reported scrapped four weeks ago, it has sailed in the fleet of CMES affiliate Hong Kong Ming Wah.