The Lidkoping-basedowner said compatriot Thun Group will keep the 4,000-dwt Pallas Ocean (built1986) until the end of 2013.
Pallas didnot divulge the rate for the extension but said it is 4% up on the previousdeal.
The PallasOcean is used to ship bulk goods in Sweden mainly for chemical giant AkzoNobel.
Pallas hasone newbuilding under construction in Turkey.
