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Wed 15 Apr 2009, 08:48 GMT

Bunker Index launches Med Bunker Index (Press Release)


New marine fuel pricing benchmark for the Mediterranean is launched.

Bunker Index is pleased to announce the launch of the Med Bunker Index (ABP), the new marine fuel pricing benchmark for the Mediterranean.

Launched today, the Med Bunker Index (ABP) is calculated as the Average Bunker Price (ABP) for all fuel grades at the ports of Algeciras, Augusta,Ceuta,Fos, Genoa, Gibraltar, Istanbul, Limassol, Off Malta and Piraeus.

Med Bunker Index prices will be published on a daily basis at the following times:

12:30 GMT (Greenwich Mean Time) / UCT/UTC (Universal Coordinated Time)
13:30 BST (British Summer Time) / WET (Western European Time)
14:30 CET (Central European Time)
15:30 EET (Eastern European Time)
07:30 EST (Eastern Standard Time)
04:30 PST (Pacific Standard Time)

Subscribers to Bunker Index will be able to view a full summary of the Med Bunker Index prices at the following location: Med Bunker Index Price Summary

Further details regarding the Bunker Index price methodology are available at the following url address: www.bunkerindex.com/prices/methodology.php.

Please contact us on +44 1695 571 540 or email us at feedback@bunkerindex.com for enquiries regarding the Bunker Index Subscription Service. Details are also available at the following address: www.bunkerindex.com/subscribe.php

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