The water level of the river fell again during the weekend (6-7/8) Rhine because of the heat and drought and so the cargo ships can no longer be fully loaded.
Shallow waters create problems for navigation along the entire length of the river in Germany. The Rhine is one of the important canals connecting Germany’s industrial hinterland with ports on the North Sea, from where products are exported to world markets.
Cargo barge traffic continues on the river, but boats are sometimes forced to sail three-quarters empty. Hot and dry weather is forecast this week and the situation is not expected to improve.
The low water level of the Rhine, as reported by the Athens News Agency, will affect the production next month of two large German coal-fired power plants.
Chemicals group BASF said on Friday it could not rule out cutting production if the low level of the Rhine affects transport.
Freight costs have not changed significantly today, maintaining their recent high levels, freight brokers said.
Maritime authorities do not close the river when its water level drops and it is up to ships to decide when to stop sailing. The Rhine is an important shipping route for goods such as grain, chemicals, ores, coal and petroleum products, including heating oil.
Source: News Beast
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.