BASF Develops Tanker to Secure Supply When Rhine River Level is Low
21 January 2021 - 9:12PM
Dow Jones News
By Joshua Stein
BASF SE said Thursday that it has developed a new tanker that
can travel through low levels of water on the Rhine River in
western Germany.
The German chemicals company said the tanker will be able to
transport a cargo of 650 metric tons even when the water depth
falls to 1.6 meters (5.2 feet).
The vessel's cargo capacity can increase to 2,500 metric tons at
average low water level, equivalent to twice the capacity of
conventional inland vessels, BASF said.
BASF said the tanker will secure supply levels to the site in
Ludwigshafen regardless of the conditions and will be commissioned
for the end of 2022.
In 2018, BASF was hit by low Rhine levels, which led to a
reduction in capacity utilization at the company's plants, and a
loss in earnings of around 250 million euros ($302.7 million).
The company developed the ship's design in a consortium
including Technolog Services, Agnos Consulting, shipping company
Stolt Tankers and the University of Duisburg's development center
for ship technology.
Write to Joshua Stein at joshua.stein@wsj.com
(END) Dow Jones Newswires
January 21, 2021 04:57 ET (09:57 GMT)
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