Sailors Are Reportedly Being Offered $25,000 For Gulf Oil Runs as Hormuz Strait Continues to Be a Battle Zone
Sailors are being offered up to $25,000 per round trip as companies use larger tankers to keep oil moving despite higher risk and costs.
- Oil producers are using very large crude carriers to conduct 'shuttle runs' through the Strait of Hormuz, offering sailors bonuses up to $25,000 per trip to navigate the dangerous waterway despite ongoing attacks on commercial shipping.
- The security crisis has dramatically altered oil flows through the Persian Gulf, forcing oil companies to absorb higher freight costs because leaving crude stranded is economically worse than paying premium transportation rates.
- Hiring a supertanker for a Persian Gulf-to-China voyage topped $1.2 million a day in late September, according to Clarksons Research data cited by The Wall Street Journal; some shuttle voyages cost as much as $40 million.
- Data from Kpler showed crude exports exceeded pre-war levels between Sept. 27 and 29, reaching up to 22.5 million barrels a day, though IRGC commander Ali Fadavi dismissed the activity as 'negligible' in a televised interview Sunday night.
- Iranian Parliament Speaker Mohammad Baqer Qalibaf said Sunday the Strait of Hormuz will not reopen until seven conditions from a June interim agreement are met; Washington responded to the proposal last week through Qatari intermediaries.
15 Articles
15 Articles
(Seoul = Yonhap News) Reporter Cha Dae-woon = Amidst desperate efforts to somehow transport crude oil out of the Strait of Hormuz, even at the risk of Iran's persistent attacks...
Because of the danger in the Strait of Ormuz, the cost of oil transportation and crew payments has increased dramatically, with seafarers receiving up to $25 tis per voyage, and companies spending up to $40 million on a supertank pass.
Sailors reportedly offered $25K per trip to move oil out of the Persian Gulf amid strikes, drone attacks
Sailors are being offered as much as $25,000 a trip to sneak oil through the dangerous, war-rattled Persian Gulf – meaning producers are spending up to $40 million total for a multi-day trip through the region.
Sailors Are Reportedly Being Offered $25,000 For Gulf Oil Runs as Hormuz Strait Continues to be a Battle Zone
Oil flows have recovered from their wartime lows, but crews making the journey are still confronting missile threats, damaged vessels and disrupted navigation.
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