The Chinese coronavirus outbreak is costing container lines $350m per week due to lost volumes.

This is according to Danish analyst Sea-Intelligence, which said 350,000 teu has been cut from the export and import market every seven days since the disease broke out.

The company said 21 Pacific voyages have been cancelled due to the virus, which equals 198,500 teu, while the number of cancellations between Europe and Asia is estimated at 10, corresponding to 151,500 teu.