4

Meet the harbor pilots who make $434,000 a year, face high fatality rates, and a...

 1 year ago
source link: https://finance.yahoo.com/news/meet-harbor-pilots-434-000-165006483.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.

Meet the harbor pilots who make $434,000 a year, face high fatality rates, and are responsible for guiding hulking cargo ships into ports

Grace Kay
Sun, April 9, 2023, 12:06 AM GMT+9·3 min read
Cargo ship
Associated Press
  • Harbor pilots are among the highest paid city employees, but face a one in 20 chance of dying on the job.

  • The local pilots bring a ship in from miles out at sea to within inches of the port's pier.

  • Christopher Mims breaks down how packages arrive at your door within a matter of days in his book, "Arriving Today."

Harbor pilots have one of the highest paid — but simultaneously riskiest — jobs in the transportation industry.

The average harbor pilot at the Port of Los Angeles makes $434,000 a year, but also faces a one in 20 chance of dying on the job, according to a book from The Wall Street Journal's Christopher Mims that was published in 2021. The book, "Arriving Today: From Factory to Front Door — Why Everything Has Changed About How and What We Buy," breaks down the complicated dance that brings a shipment from Asia to US buyers in a matter of days.

Harbor pilots are some of the highest-paid municipal employees and represent a crucial part of a shipment's journey. The average marine pilot in the US makes just over $104,000 per year, according to GlassDoor.

Any cargo ship looking to come into a port must pay local pilots to safely bring the ship in to dock. The role is highly risky, as the pilots face dangers of being run over by a massive cargo ship, pitched overboard in rough waters, or slammed between two boats.

"Despite happening a thousand times a day all across the globe, despite myriad safety precautions, if you're a harbor pilot, doing your job can kill you," Mims writes.

The job is also incredibly high stakes and requires hyper-specialized skills. The pilot is responsible for vessels that can weigh over 200,000 tonnes and be worth over $100 million. A harbor pilot brings a ship in from miles out at sea to within mere inches of its unloading spot alongside the pier.

The harbor pilot first approaches the massive skyscraper-sized cargo ship from a 55-foot long speedboat, according to Mims, who described how LA port harbor pilot Captain John Betz maneuvered the Netherlands, a Chinese-owned ship from Cosco Shipping Lines. From the speedboat, the pilot must climb a rope ladder onto the freighter often while both boats are pitching in opposite directions. The move represents one of the most dangerous moments during the entire process.

Recommended Stories
  • a5cf11c51478ce7d2ac81340f7f847d8.cf.webp
    USA TODAY

    Older Honda CR-Vs, Volkswagen SUVs among 790,000 recalled cars this week. Check recalls here.

    Honda recalled more than 560,000 older CR-Vs for possible corrosion issues; Volkswagen said 143,000 Atlas SUVs could have deactivated air bags.

    9h ago
  • e43cfbed9c26f391715b25d65eb23c40.cf.webp
    Investor's Business Daily

    Tesla Falls As Latest Price Cuts Put Focus On Margins; EV Giant Announces China Megafactory

    Tesla stock fell Monday after the EV giant's latest price cuts, putting more focus on gross margins. Tesla will build a Megapack factory in China.

    4h ago
  • 7c1b410376143f9bca4f034891cb718f.cf.webp
    The Telegraph

    Thieves are hacking into cars through their headlights, experts warn

    Thieves are breaking into cars through their headlights using a device that costs just £2,000, motorists have been warned.

    1d ago
  • 901c734f320b69c0e803cdd582a347eb.cf.webp
    Fox Business

    Tesla announces big plans for cheaper iron-based batteries

    Tesla released its Master Plan 3 on Wednesday, announcing plans to install lithium iron phosphate battery technology in vehicles because of iron's abundance and low cost.

    22h ago
  • fd44b38a724b24a4be7514d1918cafee.cf.webp
    Benzinga

    Cruise Control: GM Recalls 300 Vehicles in Wake of Bus Collision Incident

    General Motors Co (NYSE: GM) robotaxi unit Cruise LLC is recalling the automated driving software in 300 vehicles after one of its driverless vehicles crashed into the back of a San Francisco bus. The March 23 collision was due to a software error in a Cruise automated vehicle (AV) that inaccurately predicted the movement of an articulated San Francisco Municipal Transit Authority bus, Reuters cites Cruise's statement on Friday. The crash caused moderate damage to the Cruise but did not result i

    2h ago
  • 78d8b92b35d7bfa8a5e8247f4050bd73.cf.webp
    TechCrunch

    Arrival pulls a double SPAC, Tesla keeps slashing prices and New York Auto Show highlights

    Welp, in case you missed it TechCrunch Disrupt 2023 will have a whole new look this fall with one aim in mind: bringing together investors, founders and technologists who have specific industry interests — all under one roof at the Moscone Center in San Francisco. Meanwhile, in recent (as in days old) history, the New York International Auto Show came and went. The vehicle reveals, news and crowds weren't particularly splashy.

    7h ago
  • 8c6c5653406477df6a13d1fb4b295f7d.cf.webp
    Investor's Business Daily

    Tesla Stock Vs. BYD Stock: Tesla Cuts Prices Again After Deliveries Miss; BYD Faces Key Test

    Tesla and BYD are the world's largest electric-vehicle makers. In 2022, BYD vehicle sales raced far past Tesla's. Among all-battery electric vehicles, or BEVs, Tesla still leads. Tesla announced big price cuts worldwide in January.

    1d ago
  • 688ff3c75e3fc599c23b53f4a2240044.cf.webp
    Reuters

    China's car sales stay flat in March amid price war -CPCA

    Growth in sales of China's passenger vehicles was flat in March from a year earlier, industry data showed on Monday, as more price cuts by auto brands and the rollout of incentives by local governments helped to support demand. Car sales in March were 1.61 million units, the China Passenger Car Association (CPCA) said. Sales of new energy vehicles (NEVs), which include pure battery electric cars and plug-in hybrids, rose 21.9% in March and accounted for 34% of the month's sales, the data showed.

    9h ago
  • cb4b90222036fe8218c977087e1fbb4b.cf.webp
    CBS MoneyWatch

    Tesla driver sues company for allegedly accessing private videos

    Tesla owner sued car maker after a report that employees were sharing and making memes of "sensitive" customer footage.

    2h ago
  • 71c5916b654a77b6e6f8394b037db448.cf.webp
    The Wall Street Journal

    EPA to Propose Tougher Tailpipe-Emissions Standards

    WASHINGTON—The Biden administration is expected to propose extensive new limits on vehicle tailpipe emissions in a bid to move U.S. auto makers toward majority electric-vehicle sales, according to people familiar with the matter. The new standards for light-duty vehicles, which are likely to be announced by the Environmental Protection Agency in Detroit next week, are expected to cover model years 2027 to 2032 and include the country’s most stringent curbs on car pollution to date, the people said. EPA spokeswoman Maria Michalos declined to confirm the details of the proposal, which aren’t yet final.

    2d ago
  • a84bb4cc9268511f39a0e95bb83b7ad5.cf.webp
    The Telegraph

    Putin’s plundered aircraft not our problem, insurance chief says

    Insurers will go bust if they are forced to cover the cost of Vladimir Putin’s war in Ukraine, the founder of one of the world’s biggest brokers has warned. David Howden, who has built an £11bn eponymous insurance empire, said his industry cannot be expected to cover the cost of war, amid a row over Mr Putin’s seizure of hundreds of commercial aircraft. Mr Howden said: “The insurance market cannot be a systemic backstop for a war between the UK and Russia. And it's not designed to be. No policie

    2d ago
  • 57ec50c9de5caa7821d469d562cad2be.cf.webp
    Zacks

    Are Options Traders Betting on a Big Move in Schwab (SCHW) Stock?

    Investors need to pay close attention to Schwab (SCHW) stock based on the movements in the options market lately.

    5h ago
  • 50adbeb89d6cab25d3bcc5a08eeac6fd.cf.webp
    Fortune

    A FIRE movement pioneer who retired early with $3 million at age 34 says he must return to work to afford his kids’ college education

    Sam Dogen, 45, spearheaded the FIRE blogosphere when he retired early a decade ago. Now, he is trying to return to work.

    1d ago
  • 5c41376e3836c23efc2ad6f7961ad8ec.cf.webp
    Barrons.com

    Taiwan Semi Had a Big Sales Miss. Why the Drop Is So Ominous for Chip Stocks.

    STOCK ALERT Taiwan Semiconductor Manufacturing is missing the mark on sales by a lot. But its big drop, reported Monday, isn’t only a red flag for the world’s most important chip maker. It spells trouble for the entire industry, too.

    45m ago
  • 7658c32bb5570747c0e1e3ee9bdab178.cf.webp
    Bloomberg

    Apple’s 40% Plunge in PC Shipments Is Steepest Among Major Computer Makers

    (Bloomberg) -- Apple Inc.’s personal computer shipments declined by 40.5% in the first quarter, marking a tough start to the year for PC makers still grappling with a glut of unsold inventory.Most Read from BloombergBond Market Is Overplaying the Risk of a Deep RecessionUS Navy Challenges Beijing in South China Sea Amid Taiwan DrillsApple’s 40% Plunge in PC Shipments Is Steepest Among Major Computer MakersSaudi Arabia’s Drive to Get Expats to Ditch Dubai Is Off to a Rocky StartA $1.5 Trillion Wa

    4h ago
  • 6cf81660c0f3a738acbb30d31a01bc42.cf.webp
    SmartAsset

    Can the IRS Take Your 401(k)?

    A 401(k) plan can help you build wealth for retirement while enjoying some significant tax benefits. You might assume that your retirement assets are untouchable, but that's not always true. For instance, can the IRS take your 401(k)? You might … Continue reading → The post Can the IRS Take Your 401(k)? appeared first on SmartAsset Blog.

    4h ago
  • 8a937fb22ff1eed5a5c7db0265fe53a8.cf.webp
    Barrons.com

    EV Startup Canoo Is Raising Cash. The Stock Is Up.

    The company announced a lease agreement for a manufacturing facility in Oklahoma. It also updated plans to sell 34 million more common shares.

    5h ago
  • ce1680ecd1047527273b80f3cc2d1612.cf.webp
    Fortune

    Old-fashioned management is failing to reverse the productivity slump. It’s time to ‘grownupify’ work

    When we create an endless spiral of elementary school practices at work, it becomes a game of checking boxes.

    6h ago
  • b838bac0f2dc66a8b13184336afa8248.cf.webp
    SmartAsset

    Want to Buy More than $10,000 in I Bonds? Try This Loophole

    In a world where the stock market is unpredictable and interest rates are rising, many investors are looking for someplace to put their money that is as close to risk-free as possible - even if it means forgoing the chance … Continue reading → The post How to Buy More than $10,000 in I Bonds Through This Loophole appeared first on SmartAsset Blog.

    1d ago
  • b69f03d1b7e9cfafdd18bf1bc5495005.cf.webp
    Benzinga

    AI Battle Heats Up: Alibaba Targets Enterprise ChatGPT Trials After Baidu's Disappointment

    Alibaba Group Holding Limited's (NYSE: BABA) cloud computing unit offers invitation codes to some corporate customers to try out the large language model called "Tongyi Qianwen." Alibaba Cloud's website suggests that the service caters primarily to processing queries, Bloomberg reports. It marks China's attempt to rival Microsoft Corp (NASDAQ: MSFT) backed OpenAI's powerful ChatGPT after Baidu, Inc (NASDAQ: BIDU). Also Read: Google's ChatGPT Gambit: Sundar Pichai Announces AI Chatbot for Search

    3h ago

About Joyk


Aggregate valuable and interesting links.
Joyk means Joy of geeK