The forecast for fuel oil consumption in international maritime bunkers in the UK reveals a steady decline from 2024 to 2028. The expected consumption in 2028 is markedly lower than in 2024, indicating a consistent yearly reduction. The year-on-year variation shows an average decline in consumption, pointing to an overall contraction in maritime bunker fuel usage. The compound annual growth rate (CAGR) over the five-year forecast period further underscores a significant decrease in consumption each year.
Future trends to watch for include:
- Regulatory changes aimed at reducing emissions and promoting alternative fuels.
- Technological advancements in ship propulsion, such as adoption of LNG and hydrogen fuels.
- Efforts towards improved energy efficiency and operational optimization in maritime logistics.
