Supply Chain Logistics Consulting

A little context to this @ftenergy claim that ship masters are being paid $100,000 month. 1️⃣The minimum wage for mariners is currently $690/month. Tanker masters are making about $12k/month. 2️⃣The $50k bonus is to sign up for a 3 to 4 month tour on a tanker that is doing shuttle service between the Persian Gulf and the Gulf of Oman 3️⃣The "danger pay" is only paid while the ships are making the Hormuz transit or if the ship comes under attack. It is unlikely that ship owners are paying 4x to 6x to sit in the Persian Gulf or Gulf of Oman, and most assuredly when the ship has departed. 4️⃣The "mercenary" term is derogatory. Instead, the mariners should be considered veterans for willing to take these chances with minimum defenses. 5️⃣ @business ran a story about a Filipino master making about $100k for a three month tour on a tanker, but not each month. This is not saying it is impossible, but it is on the very high end and probably unlikely. It should be noted that shipping companies will Nickle and Dime mariners for every expense and do not think for a minute that they are ravishing their mariners with new found wealth because of their profits. The biggest expense on ships are fuel and crew and they will do everything possible to minimize each to maximize profit.