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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 a month, according to a document seen by Bloomberg.  Iranian military speedboats, illustrative file image Captain Pradeep Chawla, chairman...
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Aug 17, 2026 / Tyler Durden
Charges Against Palisades Fire Arson Suspect Revised
Charges Against Palisades Fire Arson Suspect Revised City News Service via The Epoch Times, LOS ANGELES - The man accused of setting a blaze that grew into the deadly Palisades Fire, the most destructive fire in Los Angeles history, is facing one less criminal charge, with federal prosecutors obtaining a revised indictment in the case. Jonathan Rinderknecht, 29, is posed after his arrest on charges that he intentionally ignited the Pacific Palisades fire in Los Angeles, before his first court appearance in Orlando, Fla., on Oct. 8, 2025. Department of Justice/Handout via...
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Jul 6, 2026 / Tyler Durden
New Jersey Lawmakers Pass Bill To Establish Large Load Data Center Tariff
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Aug 7, 2026 / Tyler Durden
Consumer Credit Jumps More Than Expected In June As Credit Card Debt Spikes
Consumer Credit Jumps More Than Expected In June As Credit Card Debt Spikes One month after the May consumer credit posting a shocking decline - the first since late 2024 - driven by a plunge in revolving credit, things are mostly back to normal, with the Fed reporting in its latest G.19 report that in June, US consumer credit posted a healthy $14.17BN bounce - a full reversal of the May drop of $1.1 billion - and above the $11.9 billion median estimate.  The rebound was driven by a sizable reversal in...
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