d’Amico International Shipping continues to expect a rebound in the product tanker market as supply and demand re-balance.

Milan-listed DIS today reported a loss of $3.6m for the opening three months of 2018, compared to a $1.8m red figure at this stage a year ago.

Marco Fiori, chief executive of DIS, said all the macro variables are pointing towards a market rebound, which he stressed was now only a matter of timing.