Shipping Container Delays 2024 India. Ocean freight spot rates are experiencing a sudden, surprise spike as a container crunch in peak shipping season roils global trade and could hit the consumer. 2 “panama canal to be a maritime pinch point well into 2024,” riviera news, december 4, 2023.

With roughly 30% of global container traffic typically passing through the suez canal, changing to longer routes has severely disrupted global trade. 3 “panama canal toll revenue.