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Posted on 10/06/2026 4:47:45 AM PDT by tlozo
Sailors are reportedly being offered as much as $25,000 a trip to move trapped oil through the dangerous, war-rattled Persian Gulf – meaning producers are spending up to $40 million total for a multi-day trip...
The jaw-dropping payments – sometimes worth two or three times a sailor’s typical monthly salary – are an attempt to convince crew members to risk the potentially deadly strikes...
Fresh data on Monday showed the payouts are working, as crude exports through the Strait of Hormuz reached 16.5 million barrels per day in September – far above lows of 5 million barrels a day in March...
On Monday, Brent crude oil futures eased 1.5% to $100.74 a barrel and West Texas Intermediate crude slipped 1% to $90.16 a barrel on news oil is moving out of the Gulf at its fastest pace since the war started – even as attacks on vessels have ramped up.
In just the past two weeks, nine commercial vessels were attacked near the strait – resulting in two injuries and one seafarer’s death...
Producers have been hiring very large crude carriers, or VLCCs, to complete treacherous “shuttle runs,” which is when carriers enter the Gulf through the strait, load up at ports, exit through the strait and then transfer the oil to another vessel waiting just outside the waterway.
They’re swallowing record costs to do so, paying sailors a premium to risk being attacked in the region, but it’s better for them to sell the oil at thinner margins than let it sit trapped...
It’s also costing more to bring that oil to global markets. In late September, it cost more than $1.2 million per day to hire an oil supertanker to China – up from $231,400 the day before the war, and less than $40,000 a day in January...
(Excerpt) Read more at nypost.com ...
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These risky trips often involve moving at night with the windows closed, no lights and GPS signals switched off, according to reports.
25K + an early retirement plan
How could anyone turn that down.
Sal Marcogliano almost always talks about the crews and to pray for those poor underpaid guys. He’s in my X feed and I’ll watch his YouTube every now and then. He came on my radar with the Key Bridge fiasco, he is *very* knowledgable about shipping/logistics. As a bonus, he also does some history podcasts as a guest with some WWII history guys I watch/listen to (Unauthorized History of the Pacific War).
It’s not only GPS turned off, it’s also cell phones, lots of other stuff. EMCOM is a thing.
This is not a sustainable plan.
It’s great that the gas prices are coming down a few dimes or quarters per gallon before the election but this can’t be an ongoing strategy.
$25k? That’s really cheap.................
your opinion smells like ass ...
the ships need to be completely automated.
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