Shipping is facing a black swan event in the form of a new, deadly coronavirus. And its impact may reach beyond the financial side.

With the death toll continuing to soar, much of the industry’s attention has focused on how shipping demand would be negatively affected.

This is not surprising. Having originated in Wuhan, central China, the virus has hit the world’s largest seaborne trading nation the hardest.

As of Wednesday, China confirmed nearly 6,000 confirmed cases and more than 130 deaths nationwide, and authorities warned that the epidemic is accelerating.