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BRIEF-EMGS: extended charter agreement with North Sea Commander Shipping for Atlantic Guardian

Published 2016-10-21, 06:46 a/m
Updated 2016-10-21, 06:50 a/m
BRIEF-EMGS: extended charter agreement with North Sea Commander Shipping for Atlantic Guardian

Oct 21 (Reuters) - Electromagnetic Geoservices ASA EMGS.OL :

* EMGS and North Sea Commander Shipping agree on new terms for the charter agreement of the Atlantic Guardian

* New terms are valid as of Oct. 1 2016.

* EMGS and owners have agreed to a reduction of charter hire rate by about 27 pct and a new 5 year term for charter

* Chairman: "The new terms provide for a sound commercial basis when the market turns"

Source text for Eikon: ID:nGNE2TdX3C

Further company coverage: EMGS.OL

(Gdynia Newsroom)

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