EMGS, BOA agree on new terms for charter agreements

Offshore staff

TRONDHEIM, Norway – Electromagnetic Geoservices ASA (EMGS) has signed an extended charter agreement for BOA’s seabed logging vessel BOA Thalassa at new commercial terms.

Following the agreement, EMGS will re-deliver the BOA Galatea on Dec. 15, which was the original expiry date for BOA Thalassa. The charter agreement for BOA Thalassa will be extended from July 17, originally was the expiry date for BOA Galatea, until April 1, 2017.

EMGS said the agreement provides improved commercial terms, which will benefit the company in both its current Malaysian contract work and future work. The agreement includes different rates for when the vessel is in operation, idle, or laid up.


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