Marco Fiori has dismissed the slump in products tanker rates as seasonal and tipped earnings to rebound in the fourth quarter before performing better over the next two years.
Fiori, chief executive of Milan-listed d'Amico International Shipping, says 2016 is a transitional year before another peak in rates.
Speaking to TradeWinds after the company reported its second quarter results today he dismissed the idea that the sector was now heading into a down-cycle.
