BASF (OTCQX:BASFY) mentioned Friday its output has not but been affected nevertheless it can not rule out making manufacturing cuts at particular person vegetation within the coming weeks attributable to low water ranges on the Rhine river.
BASF (OTCQX:BASFY) mentioned for now it’s concentrating efforts on chartering vessels appropriate for shallow water and is in search of transport options resembling railways.
The Rhine is without doubt one of the key logistics arteries linking Germany’s industrial heartlands with North Sea ports, from which merchandise are exported to world markets.
Water ranges on the Rhine have been falling attributable to scorching climate, sending transport prices increased as a result of vessels are unable to sail absolutely loaded.
BASF (OTCQX:BASFY) shares are down ~40% YTD and now commerce at a extremely engaging danger/reward stage, Cavenagh Analysis writes in a bullish evaluation revealed on Looking for Alpha.