FT: Tanker captains are being offered up to $100,000 a month plus about $50,000 per Hormuz transit as shipowners struggle to keep crews amid Iranian attacks

Ordinary seafarers are also receiving four to six times their usual pay as “danger money,” according to the Financial Times. Captains normally earn about $15,000 a month in the southern Red Sea and Gulf of Oman, while some ordinary crew earn around $1,500.

One industry source told the FT that some seafarers are now “almost being treated like mercenaries” because of the risks involved in crossing the Strait of Hormuz.