Reno and Danube Dry and Put European Logistics, Energy and Industry Under Pressure
5 Articles
5 Articles
The level of the Rhine fell to only 8 centimeters in Kaub, Germany, in August, forcing some barges to sail with only 20% of the usual load. Coface warns for effects that can extend in the coming months and achieve economic growth.
There are more ships on the Rhine after the drought. However, the conditions for shipping could deteriorate again in the next few days.
The very low levels of the Rhine and Danube affect the transport of goods, the energy sector and the industrial activity of several European countries. In Romania, the effects are visible both in river transport, where operators have had to reduce the loads by up to 40%.
Low water levels on the Rhine and Danube rivers are reducing barge capacity, increasing transport costs and creating problems for Europe's industry and energy sector.
The historically low water level of the Rhine and Danube disrupts freight transport, endangers the functioning of certain energy plants and additionally increases the pressure on several European industrial sectors. Although the water level is expected to remain low in the short term, the consequences could last over the coming months and affect the economic growth of the most vulnerable economies.
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