Marine Link
Tuesday, March 19, 2024

EMGS Amends Deal for Atlantic Guardian

Maritime Activity Reports, Inc.

October 21, 2016

Electromagnetic Geoservices ASA (EMGS) has signed an extended charter agreement for the vessel Atlantic Guardian with North Sea Commander Shipping AS (owner of the vessel) at new and improved commercial terms. The new terms are valid as of 1 October 2016.

EMGS and the owners have agreed to a reduction of the charter hire rate by approximately 27% and a new 5 year term for the charter.

"We are pleased to see that our suppliers are contributing to the targeted cost savings in the Company. The new terms provide for a sound commercial basis when the market turns," says Christiaan Vermeijden, CEO of EMGS.




 

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week