By the end of the 1950s, however, shipbuilding in other European nations, and in Korea and Japan, was newly recapitalised and had become highly productive by using new methods such as modular design. Many British yards had continued to use outmoded working practices and largely obsolete equipment, making themselves uncompetitive. At Clydebank the company tendered for a series of break-even contracts, most notably the liner , in the hope of surviving the competition and maintaining production in anticipation of a new high-profile contract from Cunard for a new liner. However, due to rising costs and inflationary pressures, the company suffered major and unsustainable losses, in contrast with the positive portrayal of the industry in the Academy Award-winning film "Seawards the Great Ships". By the mid 1960s John Brown & Co's management warned that the shipyard was uneconomic and risked closure. Its last Royal Navy order was for the , which was launched in 1964 and underwent trials and commissioning in 1967. The final passenger liner order eventually came from Cunard for "Queen Elizabeth 2".