The Baltic Exchange Dry Index has done something it has not done in years — cross the 2000 mark twice in one month.

The index reached 2047 today, rising 19% from 9 August and almost 2% since first crossing the threshold at 2011 on 16 July.

The last time the BDI was over 2000 before mid-July was back on 3 January 2014 when it fell to 2036, but it has not surpassed that number twice in one month since late 2013.