by Marek Błuś

Shipbuilding fans didn't have it easy last year.

All because the 2018 output went down across the board: the overall global production contracted by 13% year-on-year, European - by 17% yoy, and that of the Baltic Sea region - by 22% yoy.

With 58.1 million gross tonnage (GT), the total completion level have fallen below the GT 60m level for the first time since 2007 (GT 57.5m).

Bearing in mind the all-time high of GT 102m scored in 2011, one question immediately pops up: what on Earth happened?

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