This has a connection to the way the British have lionized "Some Guys in a Shed" as their main source of industry and innovation. Their shipyards were dominant

This has a connection to the way the British have lionized "Some Guys in a Shed" as their main source of industry and innovation. Their shipyards were dominant at merchant ships, but were all capital light work by skilled manpower. Which worked great, right up until it ran into someone really clever figured out how to mass-produce things, and then the "M/V This Was Laid Down in Ulsan Two Weeks Ago" crushed them all. It was sort of a Innovator's Dilemma sort of situation, where these guys who had built careers out of being the skilled labor and had long hated management were not interested in the sort of capital investment it would take to build their own "M/V This Was Laid Down in Rosyth Two Weeks Ago."