Hong Kong-based Gold Star Line will triple its container capacity to meet growing demand on an improved weekly service connecting major ports in China and Indonesia on existing CTI service due to upgraded vessel size from 2500 to 4000 TEU. This new CTI service will launch on May 12 with three vessels on a 21-day rotation and is aiming to capture the rapidly growing trade between two of Asia’s major economies.
“China and Indonesia are two of the fastest growing economies in Asia and we are providing an express link between major ports in both countries to meet growing demand from our customers,” said Danny Hoffmann, managing director, Gold Star Line.
Noted for its favouring of chartering in vessels which offers an inherent flexibility, Gold Star Line hopes to capitalise on China’s Belt and Road initiative, which, among other things, will likely lead to a proliferation of new ports in remote locations that major intra-Asia operators might eschew.
Port Rotation: Shanghai-Ningbo-Shekou-Jakarta-Surabaya-Kaohsiung-Shanghai
Gold Star Line’s latest announcement follows swiftly on the unveiling of its new SA1 service that offers a direct connection between China, Southeast Asia and South Africa.
Established in 1958, Gold Star Line this year celebrates its 60th anniversary.