# Ammonia and Ship propulsion

Their prices have moved together.

Source page: https://www.materialinsights.org/links/ammonia-and-ship-propulsion/

[Ammonia](https://www.materialinsights.org/chemicals/ammonia/) (chemical) and [Ship propulsion](https://www.materialinsights.org/energy/e_marine/) (energy): 1 relationship.

## How they are linked

### 1. Price link: future fuel

*Cost and price · Weak · Both ways*

Ammonia engines are being developed for zero-carbon shipping, potentially making shipping a large ammonia buyer. For now the link is about technology choice; the price series show no real co-movement with the shipbuilding proxy.

- **0.03** monthly change correlation
- **0.15** 12-month change correlation
- **0.24** fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.