In a tough year for shipbuilders, orders dropped by a third but a flurry of orders at year end contributed to the most active quarter since early 2018. Global production slipped to its lowest levels in 15 years but, at still over 85% of 2019 levels, yards showed good resilience given Covid-19 challenges and continued consolidation. Reflecting the Green Transition, alternative fuel orders increased to 29% of the orderbook.

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