BAAS Shipping Orders Two 1,200 TEU Feeders from Qingdao Yangfan Shipbuilding
German shipowner BAAS Shipping has recently placed an order for two feeder container ships with Qingdao Yangfan Shipbuilding, a subsidiary of China Merchants Shipbuilding Industry Group Qingdao Shipyard. The unit price for each vessel is approximately US$34 million, bringing the total contract value to around US$68 million, as reported by TradeWinds.
About Qingdao Yangfan Shipbuilding
Qingdao Yangfan Shipbuilding, with a registered capital of RMB 950 million, has been a key player in the shipbuilding industry for nearly two decades. It is known for its expertise in constructing various types of vessels, including bulk carriers, container ships, and offshore vessels. The shipyard has a rich history, having delivered over 600 vessels since its establishment.
Background of China Merchants Shipbuilding Industry Group Qingdao Shipyard
Originally founded in 1949 as the state-owned Qingdao Shipyard, the facility has a long-standing reputation for its quality craftsmanship and innovation in the maritime sector. Following its integration into the China Merchants Group’s shipbuilding division in April 2025, the shipyard was rebranded as China Merchants Shipbuilding Industry Group Qingdao Shipyard Co., Ltd. This strategic move aimed to strengthen the shipyard’s position in the global market and enhance its capabilities in delivering cutting-edge vessels to meet the evolving needs of the shipping industry.
By securing this latest order from BAAS Shipping, Qingdao Yangfan Shipbuilding continues to solidify its position as a leading player in the shipbuilding industry, showcasing its commitment to delivering high-quality vessels that meet the demands of its discerning clientele. The partnership between BAAS Shipping and Qingdao Yangfan Shipbuilding underscores the importance of collaboration and innovation in driving the maritime industry forward towards a sustainable and efficient future.
