Rhine Rates for Fuels Increase as Water Levels Drop
This article is for subscribers only.
The cost of shipping oil products on the Rhine River advanced after water levels fell in the last three weeks, reducing the amount of fuel that can be carried on barges.
The cost of shipping gasoil to Duisburg in Germany from Rotterdam or Amsterdam rose to 3.50 euros ($4.45) a metric ton yesterday from 3.25 euros the previous day, according to data compiled by Bloomberg. Prices had been unchanged since June 9.