Singapore implements precautions against Wuhan coronavirus

Update (February 3): The impact of the coronavirus is rippling across global supply chains with many ports taking advanced security measures while several liner services from China have been called off due to reduced demand, following the government’s holiday extension in response to the outbreak.

Reduced demand due to the extended holiday period, has led Maersk to announce blankings of its AE7 and AE15 services starting westbound in weeks six and seven of 2020.

Numerous Chinese ports have begun offering lower port charges as Chinese industry slows down, while several ports are struggling with a lack of stevedores and truck drivers.