Scorpio Tankers is expecting the product market to spring back strongly in 2019 following one of the worst years in history, key executives say.

New York-listed Scorpio Tankers raised over $500m in bank debt and via sale and leasebacks, plus over $300m from a share sale this year in a bad market.

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This strengthened its balance sheet and addressed headwinds relating to a key bond payment in 2019.