You are required to make an economic analysis of the ‘PANAMAX Dry Bulk -Shipping Freight Market’ (from 2010 to 2011).
1. Identify and justify the economic structure (example Monopoly/Oligopoly etc.) that best describes this market. With reference to economic principles, discuss the following:
a. Demand drivers.
b. Supply drivers.
c. Freight rates.
[You are allowed to collect market data from external sources such as UNCTAD, BRS Paris etc. However credit will be given for attempt to use data as evidence in support of your arguments.]
Report length 2 000 words (+/- 5%) and referenced using the Harvard referencing system.
Report format 10%
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