Hormuz shipping risk premium drives seafarer bonuses to record highs

The Strait of Hormuz has become the world's most dangerous shipping lane over the past year, prompting shipowners to offer substantial bonuses to crews willing to transit with oil cargoes. The Financial Times reports that these risk premiums reflect heightened threats from regional conflict, though specific attack data and bonus figures are not detailed. This development signals sustained risk to global oil supply chokepoints and elevated shipping costs.