Koichi Fujiwara took over as head of ClassNK six months ago, just as newbuilding contracting in the Far East ground to a halt.

It was a daunting situation, but one with which Fujiwara is all too familiar from his previous job.

As a former Japanese government ministry of transport bureaucrat, he was involved in the rationalisation of the domestic shipbuilding industry when it suffered an almost identical crash in orders in the 1970s.

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