The Baltic Capesize Index (BCI) has broken the 10,000-point barrier for the first time in 13 years, adding another record statistic to a capesize bulker market that is absolutely red hot.

The sentiment gauge picked up 723 points on Wednesday to reach 10,475 points, according to Baltic Exchange data.

The last time the BCI was above 10,000 points was in September 2008, when the dry bulk market was plummeting from record highs as the global financial crisis took hold.