Offshore wind and Ship propulsion

Their prices have moved together.

Offshore wind (energy) and Ship propulsion (energy): 1 relationship.

How they are linked

1. Price link: installation

Cost and price · Moderate · Both ways

Installation vessels and shipyards build and service offshore farms, and vessel shortages have raised costs. The US shipbuilding index and turbine proxy share an industrial cycle over a year, with 12-month changes correlating at 0.55.

• 0.07 monthly change correlation
• 0.55 12-month change correlation
• 1.01 fitted elasticity

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