SPP Inks $1.2bn OrdersSPP Shipbuilding of South Korea has recently won a newbuilding order for two plus one optional 52,000-dwt products tankers from Eastern Mediterranean Maritime (EastMed) of Greece.
SPP revealed the ships are set for delivery by the end of 2013 with a price tag of around $37m each.  
Recently ordered PCs are newly developed fuel-efficient type, up-graded from SPP's existing 50,000-dwt PC.
Meanwhile, SPP has inked a total of 31 orders for bulkers, tankers and boxships worth $1.2bn in total this year and MR PCs were massively ordered this year, in particular.
As it targets $1.5bn fresh orders annually it has already met 80% of its aim.