Robert Bugbee delved into industry history today as he predicted a multi-year upturn for the products tanker market alongside a broader industry rally.

The Scorpio Tankers president made the prediction as company executives and analysts mused over the timing of the expected products rebound on a quarterly conference call.

“When this improves we are not just going to see this improve for a year, we are going to see this improve for multi-years,” Bugbee said of Scorpio Tankers’ core market.