EMGS Secures Atlantic Guardian Reduced Charter Rate Extension

emgs-atlantic-guardianElectromagnetic Geoservices (EMGS) has signed an extended charter agreement for the vessel Atlantic Guardian with North Sea Commander Shipping at new and improved commercial terms. 

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.

The new terms are valid as of October 1, 2016.

Share this article

Follow Subsea World News

Events>

<< Jul 2018 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

FPSO World Congress 2018

This year’s FPSO World Congress will tap on this green shoots of recovery and will focus on practical strategies to address key project…

read more >

ONS 2018

Offshore Northern Seas (ONS) provides a platform for the presentation of the political, economic and technological issues involving…

read more >

STRUCTURAL INTEGRITY 2018

The conference will bring together researchers and practitioners to discuss and address the current and emerging issues and challenges…

read more >

RIO OIL & GAS 2018

The leading oil and gas event in Latin America is organized every two years by the Brazilian Petroleum, Gas and Biofuels Institute (IBP)…

read more >