B · Normal
[Salaries of crew members in the Strait of Hormuz have skyrocketed several times, and the situation in the Middle East has caused the insurance premiums of very large oil tankers to soar.] On October 7, attacks on cargo ships continued in the Strait of Hormuz and surrounding areas, casting a shadow on the recovery of crude oil exports from the Middle East. This also forced shipowners to retain crew members with higher risk compensation. According to a report by the Financial Times, tanker captains who currently undertake navigation missions in the Strait of Hormuz can be paid up to US$100,000 per month, and receive an additional bonus of US$50,000 each time. Ordinary crew members are also paid 4 to 6 times the normal level. For comparison, under normal circumstances, the captain's monthly salary is about 15,000 US dollars, and the monthly salary of ordinary crew members is only about 1,500 US dollars. Currently, oil tanker owners need to pay insurance premiums of 6% to 10% of the hull value for a single entry into the Strait of Hormuz. The maximum insurance premium for a single voyage of a very large oil tanker may reach US$20 million. (CCTV Finance)
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