CURRENT AFFAIRS

Detailed explanation-1: -Think of a dangerous cargo and toxic waste or explosives might come to mind. But granular cargoes such as crushed ore and mineral sands are responsible for the loss of numerous ships every year. On average, ten “solid bulk cargo” carriers have been lost at sea each year for the last decade.

Detailed explanation-2: -Port congestion is a major challenge faced by many ports globally and can occur due to various reasons: Port or terminal is booked to more than its capacity. Delays caused by bad weather which results in vessels lining up outside. Industrial action or strikes.

Detailed explanation-3: -The ships are delivering goods to replenish retailers’ supply and catch up with high demand at the Port of Oakland, and in recent weeks, the import volume has increased with vessels waiting in the bay for their turn to unload cargo at the port.

Detailed explanation-4: -The growth in ship size, which sped up in recent years, often made economic sense: Bigger vessels are generally cheaper to build and operate on a per-container basis.