Global Very Low Sulphur Fuel Oil (VLSFO) Market Set for Strong Growth Through 2033
The global Very Low Sulphur Fuel Oil (VLSFO) Market is experiencing significant growth, driven primarily by stringent international maritime regulations aimed at reducing sulfur emissions. VLSFO has emerged as the preferred compliant fuel under IMO 2020 regulations, which limit sulfur content in marine fuels to 0.5%. This shift toward cleaner fuel solutions is reshaping the shipping industry’s fuel consumption patterns globally.