A wellbore tubular handling system and method is provided for operation in holding and lowering tubulars, such as tubing strings, casing strings, pipe strings, and the various components thereof, at a rig site. The handling system utilizes a shock table with a compressible support surface that compressively moves with a selected compression rate in response to the weight of the wellbore tubular string. The shock table preferably has a shock table body mounted below the rig floor and may conveniently replace the rotary table master bushing except for a flange which supports the shock table on the rig floor. A split-sectioned landing spear can be split open to an open position to thereby allow large items such as collars or other string components to pass through the shock table. In a closed position, the landing spear supports, preferably indirectly, an upper collar of the wellbore tubular string to thereby support the weight of the wellbore tubular string and apply the weight to the compressible support surface of the shock table.