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via fortune.comEconomy

Ship captains and crews crossing Hormuz earn so much they're 'almost being viewed as mercenaries'

FROM THE WIRE · FORTUNE.COM

Tanker captains can earn $100,000 a month for transiting the strait, plus a $50,000 bonus for each trip, and sailors can make at least four to six times their normal rates.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishHigh compensation reflects geopolitical risks in the Strait of Hormuz, with implications for oil transport costs and energy volatility.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Tanker captains earn up to $100,000 per month for transiting the strait, plus $50,000 bonus per trip.
  2. 02Sailors earn 4 to 6 times their normal rates for the passage.
  3. 03High compensation reflects security and geopolitical risks in the region.

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