On a late October morning, there is not an empty berth at the quaysides at Dubai ship repair yard Drydocks World.

“There has not been one day since February 2021 when the quaysides and docks have not been at 100% utilisation,” chief executive Rado Antolovic said.

On the day of TradeWinds’ visit, there were 32 vessels undergoing maintenance, being put through eco retrofits or under conversion. The frenetic pace of work is due in part to busy shipbuilding yards in China, high oil prices and the race to decarbonise shipping.