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Top related persons:
Ben Kilb - 1 Lloyd - 1 Tim Beckhoff - 1 we've - 1 Marc Schattenberg - 1 Schattenberg - 1 Beckhoff - 1 Goarshausen - 1
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Duisburg Germany Europe Rotterdam Kaub Frankfurt Karlsruhe St
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Bloomberg - 1 Getty - 1 Maersk - 1 Hapag - 1 McKinsey - 1 CNBC - 1 Deutsche Bank . - 1 Deutsche Bank - 1

Search resuls for: "Marc Schattenberg"


2 mentions found


☆ Drought threatens major European river trade route with ripples across the continent
  + stars: | 2023-08-04 | by ( Lucy Handley | ) www.cnbc.com   time to read: +3 min
Barges of coal at the inland harbor in Duisburg, on the river Rhine in Germany, on Thursday, July 20 2023. The river Rhine, an important trade route that runs through Germany via European cities to the port of Rotterdam, has become shallower at critical points. As water levels go down, a vessel's capacity reduces and shipping costs rise, with prices increasing as rivers become shallower. Water levels at Kaub are closely followed, and if they fall too low, vessels have to sail with reduced loads. Ben Kilb | Bloomberg | Getty ImagesFalling water levels can "significantly impair" manufacturing output, according to the Kiel Institute for the World Economy (IFW).
Persons: Ben Kilb, Lloyd, Tim Beckhoff, we've, Marc Schattenberg, Schattenberg, Beckhoff, Goarshausen Organizations: Bloomberg, Getty, Maersk, Hapag, McKinsey, CNBC, Deutsche Bank ., Deutsche Bank, Kiel Institute Locations: Duisburg, Germany, Europe, Rotterdam, Kaub, Frankfurt, Karlsruhe, St
☆ Rocketing energy costs are savaging German industry
  + stars: | 2022-10-07 | by ( Anna Cooban | ) edition.cnn.com   time to read: +9 min
“We don’t need a crystal ball to see a further weakening of German industry in the coming months. The full impact of higher energy prices will only be felt in the last months of the year,” he said. Energy prices started rising last fall, and then shot even higher when Russia invaded Ukraine in late February, sparking an energy standoff between Europe and Moscow. Energy costs at Prysmian’s six German factories are expected to soar to €20 million ($20 million) this year from just €5 million ($5 million) in 2021. “German industry, the so-called ‘Mittlestand’, the small and medium [sized] companies, are quite resilient and adaptable,” he said.
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