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Wed 15 Apr 2009, 08:55 GMT

Bunker Index launches Med IFO 380 Index (Press Release)


New 380-centistoke pricing benchmark for the Mediterranean is launched.

Bunker Index is pleased to announce the launch of the Med IFO 380 Index (ABP), the new pricing benchmark for 380-centistoke (cst) marine fuel in the Mediterranean.

Launched today, the Med IFO 380 Index (ABP) is calculated as the Average Bunker Price (ABP) for 380-centistoke (cst) fuel at the ports of Algeciras, Augusta, Ceuta, Fos, Genoa, Gibraltar, Istanbul, Limassol, Off Malta and Piraeus.

Med IFO 380 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 IFO 380 Index prices at the following location: Med IFO 380 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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