In the recent years,the shipping industry faced continued challenges in most segments,owing to the persistent mismatch between supply capacity and demand. 1)Discuss how key factors of demand and supply of sea transport performed and influenced shipping freight rates in 2017. 2)Explain how low freight rates in the freight market affected the sale and purchase market,the shipbuilding market and the demolition market in an integrated way.Your analysis must use actual relevant data available.
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