Sign up
Log in Sign up
Wed 26 Jan 2011, 13:31 GMT

Med MGO average down $12.60 per tonne


Largest single-day decrease of the year so far for marine gas oil prices in the Mediterranean.

The Bunker Index Med MGO (BIX MED MGO) - Bunker Index's average price for marine gas oil (MGO) in the Mediterranean - fell $12.60 per tonne today as prices tumbled across the region for distillate grades following yesterday's $20.25 drop in the price of gasoil on the IntercontinentalExchange (ICE) to $799.00 per tonne.

MGO prices recorded the most significant price drops today with distillate levels plummeting by $10-$20 per tonne in Algeciras, Augusta, Fos, Genoa, Gibraltar, Istanbul, Off Malta and Piraeus.

As a result the BIX MED MGO plummeted to $839.50 per tonne, from $852.10 per tonne the previous day. It is the largest single-day decrease of the year so far in the region for MGO prices.

The Bunker Index Med (BIX MED) - Bunker Index's average bunker price for ports in the Mediterranean - plummeted $9.00 to $646.13 per tonne.

Meanwhile, the Bunker Index Med 380 CST (BIX MED 380 CST) - the average price for 380-cst in the region - decreased by $6.88 today to $523.25 per tonne from $530.13 per tonne on Tuesday. The Bunker Index Med 180 CST (BIX MED 180 CST) fell by $6.75 to $549.50 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  
VPS logo. NE Atlantic ECA will cause significant change to the current fuel mix | Steve Bee, VPS  

The possibility of off-spec issues highlights the continuing need for proactive fuel testing to protect vessels.
Kris Vedat, SmartSea. Smart ships failing to convert data into actionable intelligence, warns SmartSea  

Maritime technology firm claims vessels collect vast amounts of data but lack integration to support decision-making.
Energy Transition Outlook 2026 Hydrogen To 2060 report cover. DNV forecasts 100-fold growth in clean hydrogen by 2060, with China leading expansion  

Classification society projects $3.2tn investment in hydrogen sector, with maritime accounting for 15% of clean hydrogen use.
World Shipping Council logo. Dual-fuel container ship and vehicle carrier fleet surpasses 1,200 vessels  

World Shipping Council reports 65% year-on-year increase in operational dual-fuel vessels to 440 ships.
Sotiris Raptis, ECSA. European Shipowners calls for ETS revenue investment and fuel supplier mandate  

ECSA urges the EU to invest €9bn in annual ETS revenues in fuel production and infrastructure.
Sheen Mao Choong, SSA. Singapore bunker industry urged to prioritise resilience and collaboration  

SSA committee vice chair highlights energy security and crisis readiness at Marine Fuels Forum 2026.
Chia How Khee, TFG Marine and David Foo, MPA. TFG Marine receives bunker safety award from Singapore maritime authority  

Marine fuel supplier recognised for safety standards and operational performance at MPA Marine Fuel Forum.
Rotterdam skyline at night. Bunker surveyor sought in Rotterdam to meet increased demand  

Dutch firm MCE Marine Surveyors is recruiting for a quantitative fuel inspection role.
Emma Roberts, BHP. GCMD highlights BHP biofuel trials to address scaling challenges in maritime decarbonisation  

Mining company discusses need for traceability and coordinated progress across supply, cost and operational readiness.
Levante LNG vessel. Peninsula implements energy efficiency measures across bunker supply fleet  

Marine fuel supplier focusing on data-driven upgrades and operational measures to cut consumption.




   Fuels & Propulsion

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



 Recommended