Similarly to Gold Rush, you want to use the fruit launcher to get the time trial activation from far away and instantly begin moving. Take out time crates with spins, potentially getting the mask if you want to be safe in the large fish enemy segment, and slide through the time crate before the ice rink to keep your momentum and get through quickly.
Avoid the activation crate and do an aerial spin to get the next time crates, either dodging or using i-frames through the large fish. The skiing enemies operate on a cycle, so keep that in mind for the next section and be careful with timing on the next time crate. The rest of the stage isn't too difficult, but if you're willing to risk more, you can try to do a better aerial spin on the time crate placed on strengthened crates and also destroy the remaining time crates on small platforms by spinning.
I think there are more time crates hidden above the last one, but I didn't make use of them.