The crude tanker spot market ended another week that continued a dismal start to the year.

Suezmaxes limped into Friday, losing the gains they had made earlier in the month, while VLCCs remained mostly flat from 13 January, according to the Baltic Exchange.

Average suezmax spot rates, which had rallied from nearly $62,100 per day on 9 January to almost $93,500 per day on Monday, slipped to about $83,600 per day on Friday.