Reuters reports that Taiwanese and South Korean refineries are testing the market for fuels that are compliant with IMO’s sulphur cap, starting next year, by exporting cargoes of very low-sulphur fuel oil (VLSFO).
Specifically, the refiners have redirected low-sulphur feedstocks into making the VLSFO, rather than refining it into gasoline, following recent opinions that gasoline would see low profits.
One Seoul refining official stated that their plant firstly operates with high-sulphur crude...
https://safety4sea.com/asian-refiners-trial-the-waters-with-imo-compliant-vlsfo/