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)