In this paper we study the role of the transportation sector in world trade. We build a spatial model that centers on … the interaction of the market for (oceanic) transportation services and the market for world trade in goods. The model … delivers equilibrium trade flows, as well as equilibrium trade costs (shipping prices). Using detailed data on vessel movements …

We leverage detailed data on vessel movements and shipping contracts to shed new light on world trade costs and trade … flows. The data reveal new facts about shipping patterns, and motivate us to build a framework modeling the behavior of … in shipping efficiency; (ii) a slow-down in China; (iii) the opening of the Northwest Passage; (iv) search frictions …

shipping market. I analysed data of the Baltic Panamax Index from 2005 to 2010. Residual based cointegration tests in …