poor&unemployed

BDI Signals Slack Demand for Raw Materials

BDI is very much rigged index. There are no cleared contracts, which are audited by anyone.

There is something called related party transaction, in which charter rates are manupulated by the related parties. It is like father and son chartering the vessels to each other at $100,000 /day while there are 100 odd vessels willing do the business for $5000 /day or less. BDI includes these transactions to inflate the index.

Explain to me if I am wrong!