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Another Drop in Rhine Water Levels Risks Even Higher Barge Rates

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Another Drop in Rhine Water Levels Risks Even Higher Barge Rates Water levels on the Rhine River are forecast to drop again in the coming days, threatening to push barge rates even higher and continuing to choke many deliveries of goods to and from Europe’s biggest port. The cost of moving diesel and other fuels to Basel in Switzerland from the crucial port of Rotterdam has risen again so far this month, with a respite in October that stemmed from higher water levels proving short-lived....

Another Drop in Rhine Water Levels Risks Even Higher Barge Rates Water levels on the Rhine River are forecast to drop again in the coming days, threatening to push barge rates even higher and continuing to choke many deliveries of goods to and from Europe’s biggest port. The cost of moving diesel and other fuels to Basel in Switzerland from the crucial port of Rotterdam has risen again so far this month, with a respite in October that stemmed from higher water levels proving short-lived. Switzerland was forced this week to release more supplies of jet fuel from reserves, partly blaming the low Rhine and rail service disruptions.
the Rhine River (LOCATION) Europe (LOCATION) Basel (LOCATION) Switzerland (LOCATION) Rotterdam (LOCATION) Rhine (ORG)
Originally published by Bloomberg Markets Read original →