Hormuz Strait Hazard Pay for Oil Tanker Captains Hits $100,000
Oil tanker captains navigating the Strait of Hormuz are receiving hazard pay of up to $100,000 due to escalating risks from Iranian tensions. Seafarers face threats of attacks, leading shipowners to offer higher salaries to attract crews. Ordinary sailors face pressure to undertake dangerous voyages or risk job loss. Insurance costs for tankers have also surged, raising shipping expenses significantly.
Economic Times·


