Rhine level in Germany falls again, ships only part-loaded [Reuters]
BASF SE S/ADR (BASFY)
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Source: Reuters
fully loaded on the river Rhine, in Sankt Goar, Germany, July 19, 2022. REUTERS/Wolfgang Rattay/File Photo HAMBURG (Reuters) - Water levels on the Rhine in Germany fell again during hot dry weather over the weekend and cargo vessels cannot sail fully loaded, vessel brokers and commodity traders said on Monday. Shallow water is causing problems for shipping on the entire river in Germany. The Rhine is one of the key channels linking Germany's industrial heartlands with the North Sea ports from which products are exported to world markets. Freight shipping on the river continues, but with vessels sometimes forced to sail three-quarters empty. Hot and dry weather is forecast this week and no relief is in sight. Low Rhine water will affect output over the coming month from two major Germany coal-fired power stations. Chemicals group BASF said on Friday it could not rule out production cuts if low water disrupts logistics. Freight costs were little changed on Monday, holding re
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