Sunday, June 4, 2023
  • About Us
  • Contact Us
Parliamentobserver
  • Ecology
  • Economy
  • Healthcare
  • Politics
  • Education
  • Business
  • Login
No Result
View All Result
Parliamentobserver
Home Economy

The Rhine Drought

Dennis Rogers by Dennis Rogers
September 29, 2022
in Economy
0
The Rhine Drought
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

The drought across Europe has caused substantial problems. In Germany, the Rhine has all but evaporated. Freights have been forced to reduce their loads across the river, but some are foregoing the route altogether. German authorities have not closed the river but are permitting shippers to cross at their own risk — and it is a risk many are not willing to take. Shipping vessels have been sailing half to a quarter full, according to Reuters, adding to the supply chain bottleneck. Numerous companies are shifting to railway transportation but that will take time.

Related posts

Biden could reduce inflation, mitigate a recession, and strengthen democracy with a new EU-US trade agreement

Biden could reduce inflation, mitigate a recession, and strengthen democracy with a new EU-US trade agreement

September 29, 2022
Recent trends in global value chains and beyond

Recent trends in global value chains and beyond

September 29, 2022

Around 80% of all goods transported to Germany via waterways come through the Rhine and this passageway is crucial for all of Europe. The last major drought occurred in 2018, prompting German authorities to close the passage for 132 days, which nearly triggered a financial crisis. The water was at a low of 27 cm in October 2018, and water levels are quickly rescinding.

Authorities will try to deter another shipping halt, but there won’t be much they can do if the water levels continue to drop. Some estimate that the Rhine will be closed to ships as soon as Friday. The implications will be far worse than in 2018, as there was not a global supply chain shortage exacerbating inflation.

The post The Rhine Drought first appeared on Armstrong Economics.

Previous Post

Vaccine Mandates Illegal in Costa Rica

Next Post

PRIVATE BLOG – Trump Raid Undermines the US Internationally

Next Post
PRIVATE BLOG – Trump Raid Undermines the US Internationally

PRIVATE BLOG – Trump Raid Undermines the US Internationally

RECOMMENDED NEWS

20220210 Washington Post Thomas Wright

1 year ago
Cassidy Hutchinson = Amber Heard 2.0 = Perjury?

Cassidy Hutchinson = Amber Heard 2.0 = Perjury?

11 months ago

Boycotting Anything Russian

1 year ago
If Republicans Won’t Be the Party of Business, What Will They Be?

If Republicans Won’t Be the Party of Business, What Will They Be?

11 months ago

BROWSE BY CATEGORIES

  • Business
  • Ecology
  • Economy
  • Education
  • Healthcare
  • Politics

POPULAR NEWS

  • Klaus Schwab – The Most Dangerous Man in the World

    0 shares
    Share 0 Tweet 0
  • Ukraine Adopts WEF Proposals

    0 shares
    Share 0 Tweet 0
  • Dr. Robert Malone v WEF

    0 shares
    Share 0 Tweet 0
  • Trudeau’s Approval Rating Hits 12-Month Low

    0 shares
    Share 0 Tweet 0
  • Trudeau Backs Down After Banks Scream about Massive Withdrawals

    0 shares
    Share 0 Tweet 0
Parliamentobserver

We bring you latest news about ecology, economy, healthcare, politics, education, business.

Recent News

  • Financial Literacy for Kids: Teaching Your Children About Money
  • The Benefits and Drawbacks of Freelancing: Is It Right for You?
  • The Role of Small Business in Driving Economic Growth

Category

  • Business
  • Ecology
  • Economy
  • Education
  • Healthcare
  • Politics

Recent News

Financial Literacy for Kids: Teaching Your Children About Money

Financial Literacy for Kids: Teaching Your Children About Money

April 17, 2023
The Benefits and Drawbacks of Freelancing: Is It Right for You?

The Benefits and Drawbacks of Freelancing: Is It Right for You?

April 13, 2023
  • About Us
  • Contact Us

© 2022 parliamentobserver.com Submit news release

No Result
View All Result
  • Ecology
  • Economy
  • Healthcare
  • Politics
  • Education
  • Business

© 2022 parliamentobserver.com Submit news release

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In