Icelandic container line Eimskip has become the latest operator to drop earnings forecasts as the coronavirus takes down western economies.

The boxship and reefer player said it had decided to withdraw its guidance for 2020 due to uncertainty created by the pandemic.

"The increasing negative impact on global economies, including in the North Atlantic region which is the company’s core market area, is likely to affect sales and profitability in coming weeks and months," the company said.