EMGS extends BOA charter

EMGS extends BOA charter

Electromagnetic Geoservices (EMGS) has signed an extended charter agreement for the vessel BOA Thalassa with BOA SBL at what it claims are “new and improved commercial terms”.

“We are very pleased with this new agreement. It lowers our cost commitment and gives us operational flexibility,” said Stig Eide Sivertsen, CEO of EMGS.

Following the agreement, EMGS will redeliver the BOA Galatea on 15 December, which originally was the expiry date for BOA Thalassa. The charter agreement for BOA Thalassa will be extended from 17 July, which originally was the expiry date for BOA Galatea, until 1 April 2017. The agreement includes different rates for when the vessel is in operation, idle or laid up. It is currently working in Malaysia.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Related Posts