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Tanker captains offered $50,000 bonus for Strait of Hormuz crossings

Original: транспортировка нефти

Captains of oil tankers are now being paid a bonus of $50,000 for sailing their vessels through the Strait of Hormuz, according to a report by The Moscow Times' Russian service. The payment reflects the heightened risks and costs of moving crude through the chokepoint, which carries a large share of the world's oil, amid rising tensions in the region.

Why now: Rising shipping risks and costs in the Gulf are pushing up oil transport rates and drawing attention to global supply

Strait of HormuzThe Moscow Timestanker captainsoil shipping industry

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