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High Water Level May Cause Rhine Closures

OIL

A sailing ban on part of the Rhine may be brought in amid high water levels, according to Riverlake and reported by Bloomberg.

  • The water level at Maxau is expected to reach or exceed 750cm, the point at which a sailing ban is enforced, riverlake said. Current water levels at Maxau are 640 cm.
  • Rainfall was high yesterday in Germany which is contributing to the higher Rhine levels.
  • At the key chokepoint of Kaub, water levels were 2.82m, the highest since Sep. 1.
  • The Rhine had until recently been suffering from low water levels, which restricted shipping and pushed freight rates up to their highest level since December at $57/mt.
  • Freight for a gasoil barge on the Rhine is currently $31/mt.
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