logo
Rain raises Rhine river levels in Germany, but ships still only part loaded

Rain raises Rhine river levels in Germany, but ships still only part loaded

Reuters4 days ago
HAMBURG, July 23 (Reuters) - Rain has raised water levels on the river Rhine in Germany, but most of the river is still too shallow for cargo vessels to sail fully loaded, commodity traders said on Wednesday.
Dry weather and a heatwave in June and July meant the river became too shallow for vessels to sail at full capacity. Ship operators imposed surcharges on freight rates to compensate for vessels sailing partly empty, increasing costs for cargo owners.
Rain this week has caused a strong rise in water levels, traders said. The impact of the heatwave had been larger than expected, as fields which drain into smaller streams and rivers feeding into the Rhine were especially dry.
Shallow water continues to hinder shipping on much of the river in Germany including Duisburg, Cologne and the chokepoint of Kaub, but vessels are able to take on larger loads, traders said.
Vessels can now sail around 70% full at Kaub, and around 60% full in Duisburg and Cologne.
More rain forecast in river catchment areas in coming days is expected to raise the river to approaching normal levels later this week, they said.
The Rhine is an important shipping route for commodities such as grains, minerals, ores, chemicals, coal and oil products, including heating oil.
German companies faced supply bottlenecks and production problems in summer 2022 after a drought led to unusually low water levels on the river.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Liverpool agree £65m deal to sell Luis Diaz to Bayern Munich after forward requested to leave and was dropped for pre-season
Liverpool agree £65m deal to sell Luis Diaz to Bayern Munich after forward requested to leave and was dropped for pre-season

Daily Mail​

time4 hours ago

  • Daily Mail​

Liverpool agree £65m deal to sell Luis Diaz to Bayern Munich after forward requested to leave and was dropped for pre-season

Liverpool have agreed to sell Luis Diaz to Bayern Munich in a £65million deal. Mail Sport understands the forward first requested to leave the club last summer and he will fly out from Tokyo in the next 24 hours to join up with his new team-mates. Colombian international Diaz has been a long-term target for the Bundesliga champions despite them seeing an initial bid worth £58.5m rebuffed. Negotiations resumed in recent days and a second official approach has now been accepted. Diaz, who arrived at Anfield for an initial £37m fee in January 2022, was dropped for the Reds' squad to play AC Milan in their latest pre-season friendly. Boss Arne Slot admitted his absence from the 4-2 defeat was directly linked to his uncertain future, saying: 'In Lucho's situation it was, yeah. 'There are a lot of rumours around it lately and I cannot go into that. But he is training really well with us and we have decided, for now, not to play him yet. More to follow.

Millions of Americans' personal data stolen in data heist
Millions of Americans' personal data stolen in data heist

Daily Mail​

time6 hours ago

  • Daily Mail​

Millions of Americans' personal data stolen in data heist

Hackers have gained access to hundreds of thousands of people's personal data after Allianz Life Insurance Company was breached. Minneapolis-based Allianz Life, a subsidiary of Munich, Germany-based Allianz SE, said the data breach affected the majority of its 1.4 million customers. The data heist occurred on July 16 when a 'malicious threat actor' gained access to a third-party, cloud-based system. It was discovered the following day. 'The threat actor was able to obtain personally identifiable data related to the majority of Allianz Life's customers, financial professionals, and select Allianz Life employees, using a social engineering technique,' Allianz Life said in a statement. 'We took immediate action to contain and mitigate the issue and notified the FBI.' The insurance giant said it notified the FBI and, based on its ongoing investigation, that there is no evidence the Allianz Life network or other company systems were accessed, including their policy administration system — just the third-party platform. The insurance giant's filing with Maine's attorney general did not indicate the number of customers affected. In the case of data breaches, a 'social engineering technique' usually involves using trickery to gain access.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store