Williamson, Jeffrey Gale; Mohammed, Saif I. Shah - National Bureau of Economic Research (NBER) - 2003
The standard source for pre-WWII global freight rate trends is the Isserlis British tramp shipping index. We think it is flawed, and that its sources offer vastly more information than the Isserlis aggregate contains. The new data confirm the precipitous decline in nominal freight rates before...
