Gold Star Line (GSL), a significant player in Intra-Asia and Africa Trade, has announced they have entered the Thailand-Yangon market with their TYX Thailand – Myanmar service. Making a double-port call in Thailand the service sails from Bangkok (BKP) and Laem Chabang (LCH) ports in Thailand, and makes it first call in Singapore, before continuing to Port Kelang in Malaysia, and finally making a second double-port call in Yangon, Myanmar (MITT, MIP).
GSL’s newly improved TYX service comes as a result of strong demand within the region for a route that connects Thailand with ports in the Intra-Asia network. The service is part of several newly launched routes introduced this year by GSL as it looks to strengthen its Intra-Asia offering and extend into the Middle East and Africa.
Intra-Asia Network service Improvement
“We see many opportunities in the Intra-Asia sector and the newly improved TYX service was introduced to meet growing demand from our customers for services linking Thailand with other South-East Asian nations,” said Mr. David Ames, GSL Thailand Management. He mentioned that “Gold Star Line offers a sense of stability in an industry that never ceases to evolve. We understand our customers’ needs and are prepared for the shifts that naturally occur in this vast economy. Our team of professionals is ready to provide the best possible services that will help our customers meet their needs and demands.”
The service makes two calls in Yangon, MITT and MIP. MIP is a city-based terminal making it perfect for shippers looking to send consumer goods into the heart of the business district of Yangon. MITT is located on the outer edge of the city and is a newer and upcoming port in the area, capable of lager berth and draft capacities.
GSL currently operates 3 global route clusters; West African, Indian Subcontinent, and Intra-Asia. Within their Intra-Asia network, Thailand is an essential hub and one of the most important markets for the company. 8 services presently sail out of Thailand which account for a very high percentage of GSL’s trade volume in the Intra-Asia network. Thai shippers are also able to access the other two clusters via GSL’s integrated services which allows cargo to be transshipped to other parts of the globe.
Trade Route Commodities
To increase the versatility of their trade routes, this year GSL invested in a new fleet of reefer containers that will also be available on the upgraded TYX service. Annually, GSL moves around 20,000 reefer containers and most are carried within the Intra-Asia network. Of the items being shipped, fruit stands out as one of the most prominent commodities being transported as China increases imports from neighboring countries.
With regards to cargo being exported out of Thailand and imported into Myanmar, sugar is one of the dominant products to be carried along with a mixture of other foodstuffs and raw materials. Secondary commodities include items such as textiles and footwear, as well as a lot of glass products. As infrastructure in Myanmar continues to develop, the company expects a growing amount of cargo in the reverse leg of the journey.