Study on the Correlation of Influencing Factors of BDI

Abstract

In recent years, the international shipping market has generally recovered, and the general trend of the shipping market is better，But the BDI index is still low. The development of international shipping market still faces some challenges. In this paper, theoretical research, mathematical analysis and statistical knowledge are used to calculate the correlation between the influencing factors of BDI index and BDI, and their correlation is analyzed. Two economic factors which have great influence on BDI were found out. This is of great significance to help the shipping industry avoid risks and make timely coping strategies, reduce economic losses, and forecast the future shipping market.