Sign up
Log in Sign up
This is a legacy page. Please click here to view the latest version.
Wed 14 Jul 2010, 14:23 GMT

Med average up $14.86 per tonne


BIX MED rises 2.8 percent as bunker prices surge in the Mediterranean.

The Bunker Index Med (BIX MED) - Bunker Index's average bunker price for ports in the Mediterranean - jumped $14.86 per tonne, or 2.8 percent, to $547.39 per tonne today as bunker prices surged in the region as a consequence of yesterday's $2.20 per barrel gain in the price of WTI crude and a $17.00 per tonne increase in the price of gas oil.

The Bunker Index Med 380 CST (BIX MED 380 CST) - the average price for 380-centistoke in the region - increased by $14.77 to $454.83 per tonne and the BIX MED 180 CST - the average 180-cst price in the Mediterranean - rose by $15.06 to $480.39 per tonne.

IFO 380 and IFO 180 prices in the region were $13.50-$17 per tonne higher in Algeciras, Augusta, Fos, Genoa, Gibraltar, Istanbul, Limassol, Off Malta and Piraeus.

Meanwhile, marine gas oil (MGO) prices were $16-$18 per tonne higher in Augusta, Fos, Genoa, Gibraltar, Istanbul, Limassol, Off Malta and Piraeus as the Bunker Index Med MGO (BIX MED MGO) - the average price for marine gasoil (high and low sulphur) in the region - rose by $14.90 per tonne.

For further information regarding regional and global indices published by Bunker Index, please click on the following link below.

http://www.bunkerindex.com/prices/indices.php

MGO   Algeciras (ES)  Augusta (IT)  Gibraltar (GI)  Istanbul (TR)  Off Malta (MT) 
World Fuel logo. World Fuel seeks marine lube operations and sales executive in Greece  

US firm is recruiting for a commercial role focused on marine lubricants, based out of its Glyfada office.
ECSA Parliamentary Breakfast event. European shipowners call for fuel supplier mandates and ETS revenue investment ahead of policy revision  

Industry body urges EU policymakers to redirect carbon revenues into clean marine fuel production.
Coral Energy vessel at Klaipeda LNG terminal. Gasum secures LNG terminal capacity at Klaipėda through 2040  

Nordic energy company locks in long-term LNG supply access to serve northwestern European markets.
Torm Corrido vessel. Chimbusco Pan Nation extends B100 biodiesel bunkering to oil tankers as quarterly volumes triple  

Hong Kong bunker supplier CPN says Q2 B100 deliveries have exceeded Q1 totals by more than 300%.
TMD Energy Limited logo. TMD Energy extends bioenergy MOA with Double Corporate by two years  

Malaysian bunkering firm seeks to advance waste-to-energy marine fuel collaboration in EU and Asian markets.
Antwerpen vessel. Exmar takes delivery of world’s first dual-fuel ammonia oceangoing vessel  

Belgian shipowner Exmar has taken delivery of what it says is the first oceangoing vessel powered by a dual-fuel ammonia engine.
Seaglider vessel render. MOL and JAL partner with Lloyd’s Register and REGENT to advance Seaglider certification in Japan  

Four organisations join forces to establish regulatory pathways for electric wing-in-ground craft ahead of a targeted 2030 commercial launch.
Geoff Wagner and Byung-Hun Kwon. ABS and HD Hyundai entities secure battery hybrid approval for 16,000-teu container vessel  

Approval in principle issued for electrical design of ultra-large container ship at Posidonia.
Steel cutting ceremony of vessel with builder's hull no. H1955A. Keel laid for world’s largest LNG carrier at China’s Hudong-Zhonghua shipyard  

Construction begins on a 271,000-cbm QC-Max vessel, the largest LNG carrier ever built.
Mercedes Pinto vessel truck-to-ship (TTS) bunkering. Port of Las Palmas completes first LNG bunkering operation  

Baleària Canarias’ new fast ferry receives LNG via tanker truck in milestone delivery.

↑  Back to Top


 Recommended