On Friday, the level of the Rhine river fell to a new low which will halt the flow of large amounts of critical river traffic. It has dealt a fresh blow to Germany, as it copes with the global inflation crisis, and a potential energy crisis heading into winter, due to Russia cutting supplies of natural gas.
In Germany the river is critical to the transport of 400,000 barrels of oil products, which travel the path it follows from the Amsterdam-Rotterdam-Antwerp region through Germany to Switzerland.
At Kaub, a vital waypoint west of Frankfurt, the water level has dropped below 40 centimeters, a critical level for shipping, and government data predicts it will continue to drop over the coming days. Below 40 centimeters, it is not economically feasible to run shipping operations for many carriers, as they will have to carry loads that are too light to cover the cost of the journey.
In shallower water, barges must lighten their loads to reduce their drafts. Low water levels on the Rhine periodically do affect shipping, however this is the lowest level seen since 1993.
More at: https://www.thefinancialtrends.com/2...cal-materials/
Site Information
About Us
- RonPaulForums.com is an independent grassroots outfit not officially connected to Ron Paul but dedicated to his mission. For more information see our Mission Statement.
Connect With Us