The Baltic Handysize Index (BHSI) is the latest metric in dry bulk shipping to meet 2008 highs in a hot sector that shows no signs of cooling off.
The index, an indicator of market sentiment, hit 2,009 points after picking up 11 points on Thursday, according to Baltic Exchange data.
The last time the BHSI crossed the 2,000-point threshold was on 4 September 2008.