The world's cruise industry has essentially come to a screeching halt as a result of the coronavirus pandemic.

The world's four largest cruise companies — Carnival Corp, Royal Caribbean Cruises, Norwegian Cruise Line Holdings and MSC Cruises — have suspended operations for a month in a concerted effort to get the quickly spreading virus under control.

The suspensions, effective midnight Saturday New York time, mean that 195 ships with over 360,000 berths — more than half of passenger capacity worldwide — will suddenly disappear, albeit temporarily, from an already reeling market.