Low Water Levels Cause Freight Rate Increases in Europe

Posted by Emily Thornton on Fri, Oct, 9 2009 @ 5:1 AM

Here's an interesting dilemma that's been causing barge rates to rise in Europe: unusually low water levels in the Rhine River have caused higher rates for shipping products along the river, a main waterway for refineries and chemical plants in Germany and Switzerland. Because of the low levels, vessels have been forced to lighten their loads to avoid running aground. So more vessels are needed, causing higher freight rates. Hopefully our friends in Europe will get some rain soon!

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Topics: Freight Rates, European shipping