Med average up $10.67 per tonne

The Bunker Index Med (BIX MED) - Bunker Index's average bunker price for ports in the Mediterranean - jumped $10.67 per tonne, or 2.0 percent, to $549.56 per tonne today as bunker prices surged in the region as a consequence of yesterday's $1.37 per barrel gain in the price of WTI crude and a $12.00 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 $11.44 to $460.83 per tonne and the BIX MED 180 CST - the average 180-cst price in the Mediterranean - rose by $10.33 to $485.11 per tonne.

IFO 380 and IFO 180 prices in the region were $10-$14 per tonne higher in Algeciras, Augusta, Fos, Genoa, Gibraltar, Istanbul, Limassol, Lisbon, Off Malta and Piraeus.

Similar price rises were also seen in the Black Sea ports of Ilyichevsk, Kerch, Port Kavkaz, Novorossiysk, Odessa and Yuzhniy.

Meanwhile, marine gas oil (MGO) prices were $10-$12 per tonne higher in Augusta, Fos, Genoa, Gibraltar, Istanbul, Limassol 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 $10.40 to $693 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

Dorian LPG takes delivery of dual-fuel VLGC capable of carrying ammonia

The 93,000-cbm Areion can run on LPG or fuel oil and transport ammonia cargoes.

FSRU Toscana alongside Green Zeebrugge vessel.

RINA awards ISCC EU certification to OLT Offshore LNG Toscana for bio-LNG supply

Certification enables bio-LNG use in the EU as a renewable fuel under RED II and RED III directives.

WSC calls for safe maritime corridor as 20,000 seafarers remain trapped in the Persian Gulf

Industry body urges IMO member states to establish safe passage and supply access.

Graphic promoting Auramarine webinar titled 'Sustainable Fueling Part 3: Ammonia - next alternative fuel in marine'.

Auramarine to host webinar on ammonia as marine fuel in April

Finnish firm will explore ammonia’s role in maritime decarbonisation at its third spring webinar.

Front cover of study by WinGD and Envision Energy titled 'Renewable Fuel Economics: An OPEX illustration based on current costs'.

Green ammonia could reach cost parity with VLSFO and LNG by 2050, study finds

WinGD and Envision Energy study projects green ammonia operational costs competitive with conventional marine fuels.

Elenger Marine's LNG bunkering vessel Optimus alongside Brittany Ferries’ Saint-Malo.

Bureau Veritas verifies methane emissions on Brittany Ferries’ LNG vessels

Verification enables ferry operator to report measured methane slip instead of regulatory default values.

Map showing existing and planned Emission Control Areas (ECAs).

Alliance calls for urgent black carbon action as new Arctic emission control areas take effect

Canadian Arctic and Norwegian Sea ECAs now in force, with compliance deadline set for March 2027.

Artistic impression of battery-electric ferry for operation on Perth’s Swan River.

Lloyd’s Register to class Western Australia’s first electric ferry fleet

Echo Marine Group partners with Lloyd’s Register on five battery-electric ferries for Perth’s Swan River.

Thomas Kazakos, secretary general of The International Chamber of Shipping (ICS).

ICS condemns Middle East shipping attacks as 20,000 seafarers remain trapped

Industry body calls for urgent state action to resupply vessels and enable crew changes.

Molslinjen order propels Australia to top of battery vessel production rankings

Danish ferry operator’s three-catamaran order at Incat Tasmania shifts global manufacturing landscape, analysis shows.

Med average up $10.67 per tonne

BIX MED rises 2.0 percent as bunker prices end the week with a surge in the Mediterranean.

Fuels & Propulsion

Recommended