ICS estimates that the impact of the outbreak of the Coronavirus costing the shipping industry USD 350 million a week in lost revenues. The virus outbreak is having a significant impact on the shipping sector and the industry is working closely with the World Health Organization (WHO) to ensure that guidelines for industry and governments help limit the spread of the virus, whilst maintaining international trade. ICS estimates that more than 350,000 containers have been removed from global trade as a result of the outbreak. ICS has been advising all members to closely follow the WHO-backed guidelines on how to limit the risk of infection.
