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Wed 21 Mar 2012, 18:33 GMT

Med average down $9.57 per tonne


BIX MED falls for the first time this week as bunker prices plummet in the Mediterranean.

The Bunker Index Med (BIX MED) - Bunker Index's average bunker price for ports in the Mediterranean - plummeted $9.57 per tonne, or 1.08 percent, to $873.04 per tonne today as bunker prices fell across the region.

The Bunker Index Med 380 CST (BIX MED 380 CST) - the average price for 380-centistoke in the region - decreased by $11.82 to $729.81 per tonne and the BIX MED 180 CST - the average 180-cst price in the Mediterranean - was down by $10.17 to $762.08 per tonne.

IFO 380 and IFO 180 prices in the region were $8-$13 per tonne lower in Algeciras, Augusta, Fos, Genoa, Gibraltar, Istanbul, Off Malta, Piraeus and Venice.

The Bunker Index Med MGO (BIX MED MGO) - the average price for marine gas oil (high and low sulphur) in the region - declined by $9.05 to $1075.10 per tonne today.

Marine gas oil (MGO) prices were $10-$14 per tonne lower in Algeciras, Augusta, Fos, Genoa, Gibraltar, Istanbul, La Spezia, Off Malta, Piraeus and Venice.

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

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