SPP snaps up more handymaxes

Seoul: Mid-sized South Korean yard SPP Shipbuilding has received orders for a total of four 59,000 dwt bulkers from two owners. The per-ship price is reported to be $48-49 million not far off the all-time high price of handymax bulker, secured in mid-January when STX Shipbuilding booked an order for such ship priced above $50 million. The latest orders for the 59,000-dwt bulker newbuildings came from Italian owner Gestioni Armatoriali and Greek owner Golden Port. Both owners ordered two units each.  [30/01/08]