In this work, shallow ocean-wave soliton, breather, and lump wave solutions, as well as the characteristics of interaction between the soliton and lump wave in a multi-dimensional nonlinear integrable equation with time-variable coefficients, are investigated. The Painlevé analysis is used to verify the integrability of this model. Based on the bilinear form of this model, we use the simplified Hirota's method obtained from the perturbation approach and various auxiliary functions to construct the aforementioned solutions. Besides, the interaction between the soliton and lump wave solutions is also examined. In addition, by imposing specific constraint conditions on the N-soliton solutions, we further derive higher-order breather solutions. To show the physical characteristics of this model, several graphical representations of the discovered solutions are established. These graphs show that the time-variable coefficients result in a variety of novel dynamic behaviors that differ significantly from those for integrable equations with constant coefficients. The acquired results are useful for the study of shallow water waves in fluid dynamics, marine engineering, nonlinear sciences, and ocean physics.