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"The first factor in any new development will be cost, because with the rise in offshore competition, this has become an increasingly cost-competitive industry," he says.
"They're victims of the high cost of doing business and offshore competition.
Some environmentalists are concerned that the offshore competition in the Northeast could trump the protection of fish and bird populations, said Jonathan Stone, the executive director of Save the Bay, an advocacy group for Narragansett Bay.
The Canadian and Mexican authorities are also taking steps to protect their producers from offshore competition, creating what Randolph Cousins, an analyst at BMO Nesbitt Burns in Toronto, calls "fortress North America".
For Christophe Auguin, a French sailor who has sailed around the globe alone three times, a 60-day offshore competition in the company of a crew seems like a congenial get-together.
There is no denying that the U.S. and Canada have been losing jobs to offshore competition for almost half a century.
Similar(49)
Partly under commercial pressure due to increased regulation and competition, offshore financial centres have begun to offer more complex funds and collective-investment schemes.
It has also reaffirmed its privileged access to new exploration sites in the Arctic Ocean after Mr. Sechin blocked a proposal by a liberal wing of the Russian government to open offshore drilling to competition.
That is, production that faces competition offshore.
Consider the fears that foreign competition, offshoring and immigration have destroyed large numbers of American jobs.
Some, particularly small-scale manufacturing jobs, have fallen victim to offshoring and foreign competition.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com