Europe's Parched Lifeline Flashes Trade Disruption Warning
By Jack Wittels, Megan Durisin and Celia Bergin (Bloomberg) –Shallow waters on the Rhine are disrupting barge traffic and forcing up the cost of shipping, an early indicator the continent may need to brace for a redux of the seismic economic shock caused by last year’s drought. At Kaub, a key waypoint in western Germany, the river-measure is the lowest it’s been this time of year since 2017. Any barges planning on hauling diesel further into inland Europe are restricted to loading at about half-capacity. Take on a full cargo, and the vessel will sit too low in the channel. “Fo...
Source: gcaptain.com
