Sign up
Log in Sign up
Fri 31 Dec 2010, 13:17 GMT

Med MGO average down $11.10 per tonne


Marine gas oil prices plummet in the Mediterranean on the last day of the year.

The Bunker Index Med MGO (BIX MED MGO) - Bunker Index's average price for marine gas oil (MGO) in the Mediterranean - fell $11.10 per tonne today as prices tumbled across the region for distillate grades following yesterday's $14.24 drop in the price of gasoil on the IntercontinentalExchange (ICE) to $765.75 per tonne.

MGO prices recorded the most significant price drops today with distillate levels plummeting by $10 per tonne or more in Algeciras, Augusta, Genoa, Gibraltar, Off Malta and Piraeus.

The Bunker Index Med (BIX MED) - Bunker Index's average bunker price for ports in the Mediterranean - plummeted $8.66 to $614.62 per tonne.

Meanwhile, the Bunker Index Med 380 CST (BIX MED 380 CST) - the average price for 380-cst in the region - decreased by $5.94 today to $500.56 per tonne from $506.50 per tonne on Thursday. The Bunker Index Med 180 CST (BIX MED 180 CST) fell by $4.13 to $526.75 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  
RSP and RST logo. Agreement signed to bring shore power to Rotterdam shortsea terminal by 2030  

Shore power partnership at Rotterdam’s RST terminal targets AFIR compliance and reduced ship emissions at berth by end of decade.
Equatorial logo. Equatorial Marine Fuel receives dual sustainability recognitions in 2026  

Singapore-based bunker firm earns the LowCarbonSG logo and an EcoVadis Bronze Medal.
Red Sea topographic map. Red Sea diversions and Mediterranean emissions rules set to squeeze bunker supply, warns Peninsula  

Bunker supplier Peninsula warns rerouted tankers face soaring fuel costs and regulatory penalties.
Hydrogen maritime workshop. Hydrogen maritime workshop held to push early regulatory alignment  

Classification society and French maritime authority explore pathways for hydrogen deployment at sea.
Launching ceremony of MSC Licia X vessel. Changhong International undocks seventh LNG dual-fuel container ship for MSC  

Vessel is part of a series fitted with ammonia-ready and methanol-ready provisions.
IBIA logo. IBIA urges further investigation into marine fuel concerns linked to shale oil components  

Industry body says evidence does not establish a direct link between shale oil and reported operational issues.
KUSPC grand opening. ABS grants AiP for LNG bunkering barge design  

Samsung Heavy Industries and Conrad Shipyard receive AiP for basic design under joint development.
Waalvliet vessel. ABB and Econowind combine wind propulsion with digital routing to cut ship emissions  

The partnership integrates wind-assisted propulsion with weather routing to reduce fuel consumption.
Peninsula logo. Peninsula seeks junior cargo trader for Dubai role  

Position centres on the procurement of marine fuels, blending components and associated products.
Island Oil Summer Students Programme. Island Oil opens operations to students in summer internship programme  

Cyprus-based firm gives students hands-on experience across its bunker business.




   Fuels & Propulsion

Ammonia B100 B24 B30 Bio-LNG/LBM Biofuel Biogas Biomethanol Dual-fuel E-fuel E-methane/e-NG E-methanol Electric Ethanol FAME Green hydrogen Green/e-ammonia HVO Hydrogen LNG LPG Lubes Methanol MGO Nuclear UCOME ULSFO VLSFO Wind



 Recommended