Low Water On The Rhine Poses A New Threat To Germany S Economy
The lack of rainfall in recent months means cargo ships are now carrying lighter loads, transport costs are soaring and economic and power supply risks are worsening. Last month, Germany’s Federal Institute of Hydrology warned that water flows at the Kaub gauge, located west of Frankfurt, were already at just 45% of average levels for this time of year. The agency said it had created “frequent obstacles” for ships. Now, water levels are expected to drop further before rising “very slightly” in the coming weeks, the Rhine Shipping and Maritime Authority said on Friday....