Shipping Firms Offering Sailors Massive Bonuses To Risk Crossing Hormuz

Shipping Firms Offering Sailors Massive Bonuses To Risk Crossing Hormuz Via The Cradle International shipping firms are offering crews large bonuses to transit the Strait of Hormuz despite the risks involved, Bloomberg reported Monday. Sinokor Group, the world's largest owner of supertankers, offered its crews six months of extra salary to make a return voyage collecting oil from Saudi Arabia or Iraq and unloading it in the Gulf of Oman, a trip the company said would take around...

By Tyler Durden