Barge rates on the Rhine rise amid low water levels – source
Sarah Trinder
16-Nov-2018
LONDON (ICIS)–Low water levels on the Rhine river have resulted in freight rates for time chartered 5,000-tonne barges rising to €12,000 in recent weeks, according to a shipping source on Friday.
The source said it had been speaking to players in the barge markets and expressed surprise at such a rate, saying that this was close to the freight for a full small-sized chemical tanker.
“It shows how under pressure the barge market is,” the source said.
“You have to employ around five [barges] to move product which keeps barges busy. The cost becomes twice or three times as much,” it added.
Global News + ICIS Chemical Business (ICB)
See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.
Contact us
Partnering with ICIS unlocks a vision of a future you can trust and achieve. We leverage our unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics.
Contact us to learn how we can support you as you transact today and plan for tomorrow.
READ MORE
