China is more or less closed for business because the coronavirus and that’s not good. The world depends on China for manufacturing at an insane volume. 80% of the world goods trade by volume is carried by sea and China is home to 7 of the world’s 10 busiest container ports, according to the UN Conference on Trade and Development. And nearby Singapore and South Korea each have a mega port too. Not only does this directly affects trade but it indirectly affects shipping globally as it disrupts as the hub of manufacturing the transport and disbursement of shipping containers. The global supply chains are all messed up. This affects many industries that are dependent on containerized goods transport.