Marco Fiori called out clear signs of an improvement in the products tanker market as d’Amico International Shipping reported a third quarter loss today.

Milan-listed DIS finished the three months to the end of September $7.4m in the red, almost unchanged from a year ago.

Fiori, the company’s chief executive, says the rebound analysts have been expecting has not yet materialized but some initial indicators can be found in the third quarter.