October 21, 2016 / 10:47 AM / a year ago

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

Oct 21 (Reuters) - Electromagnetic Geoservices ASA :

* 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:

Further company coverage: (Gdynia Newsroom)

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