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Write a structured essay to analyse how the major variables(i.e.,two demand variables and two supply variables)affected dry bulk freightrates and what actions can be taken by shipping companies to save shipping costs.

Dry bulk freightratesexperiencedhighfluctuationsin2020. Write a structured essay to analyse how the major variables(i.e.,two demand variables and two supply variables)affected dry bulk freightrates and what actions can be taken by shipping companies to save shipping costs.Use practical examples and knowledge learned in this unit to illustrate your discussion.Make relevant assumptions if necessary.

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