Highlights We construct a new panel dataset of freight rates, shipping quantities, , newbuilding, secondhand, and scrap prices from 1966 to 2009. Using this data, we provide a descriptive analysis of quantitatively unknown industry dynamics known as the container crisis. Finally, we detect structural breaks for each variable to illustrate the effect of the breakdown of shipping cartels.
Abstract We construct a new unified panel dataset that combines route-year-level freight rates with shipping quantities for the six major routes and industry-year-level newbuilding, secondhand, and scrap prices from 1966 (the beginning of the industry) to 2009. We offer detailed instructions on how to merge various datasets and validate the data’s consistency by industry experts and former executives who have historical knowledge and experience. Using this dataset, we provide a quantitative and descriptive analysis of the industry dynamics known as the container crisis. Finally, we identify structural breaks for each variable to demonstrate the impact of the shipping cartels’ collapse.
Unified container shipping industry data from 1966: Freight rate, shipping quantity, newbuilding, secondhand, and scrap price
2023-05-29
Article (Journal)
Electronic Resource
English
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