From Investing.com:

Global shipping faces serious disruptions in 2024 due to hostilities in the Red Sea and droughts in key routes like the Panama Canal. Many large vessels are facing the possibility of being knocked out of sync throughout the year, causing delays and higher shipping costs for large retailers and food makers. Maersk and other ocean carriers joined in rerouting ships away from the Red Sea to avoid missile and drone attacks, leading to increased fuel costs and container shipping rates. The Panama Canal has also experienced a decrease in crossings due to lower water levels. Increasingly frequent severe weather events are having a more immediate effect than political tensions.



Read more: War, weather put ocean shippers on notice for rough seas in 2024 By Reuters