SPP snaps up more handies

South Korean yard SPP Shipbuilding has received orders for a total of four 59,000 DWT bulkers from two owners. The price is reported to be $48-49 million each which is not far off the all-time high price of above $50 million for Handymax bulkers secured by STX in mid-January. The latest orders for the 59,000 DWT bulk carriers came from Italian owner Gestioni Armatoriali and Greek owner Golden Port. Both owners ordered two units each.