# Offshore wind and Ship propulsion

Their prices have moved together.

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

[Offshore wind](https://www.materialinsights.org/energy/e_offshore_wind/) (energy) and [Ship propulsion](https://www.materialinsights.org/energy/e_marine/) (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.