Coal stocks at Northwest European dry bulk terminals have risen to four-month highs as low river water levels reduce barge supplies to inland factories.
Stocks at four key dry cargo terminals in Amsterdam, Rotterdam and Antwerp were recorded at 7.1 million tonnes this week, the highest since late May.
"Barge volumes are declining due to lower water levels in rivers," a source at one of the ARA terminals said on Tuesday, noting that "I think you will see coal levels rise even more in the coming weeks."
According to official figures, the water level of Kaub - the main indicator of the Rhine - was last 100 centimeters and, according to official figures, remained at that level until the weekend.
When the water level in the river falls below 200 cm, barge operators reduce loads to navigate shallow water and may impose an additional “low water premium” to offset the loss of euro /tonne profit.
However, weather forecasts indicate that next week's rains are likely to help replenish Germany's rivers.
Experts believe that it is necessary to partially “rethink” logistics concepts, including the size and design of ships.
Coal stocks in EU ports rise to 4-month high
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Azovpromstal® 26 September 2019 г. 12:52 |
