Baltic Dry Index misleading?
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Posted 02 February 2016 - 09:16 PM
The BDI is forever cited as evidence of the collapse in trade. But as a shipping rate index, it has a shipping supply factor--it is not a pure measure of demand. Therefore I looked at tonnage statistics for the Panama Canal and the Suez Canal which are pure measurements of shipping demand. Both canals show growth, not slowdown year- over -year.
Apparently industrial commodities are in less demand, but someone sure as hell is shipping something unless the canals are just fudging their data or the same stuff is being hauled back and forth
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