WEEK 48 | Sunya Global Logistics：Shipping News-Eu/Med
CATALOGUE
I. Shipping Trade News
II. Market Price Trends
01
Shipping Market News
航贸新闻
1
AUD pares losses amid
cautious market sentiment
The Australian Dollar (AUD) recovered its intraday losses on November 18 but remained in negative territory against the US Dollar (USD), following declines recorded in the previous session. The AUD/USD pair stayed subdued after the Reserve Bank of Australia (RBA) released the minutes of its November monetary policy meeting.
The minutes showed that board members delivered a more balanced policy tone and added that stronger-than-expected upcoming data could warrant keeping the cash rate unchanged for a longer period.
However, stronger domestic employment data boosted expectations that the RBA will maintain a cautious stance, lending support to the AUD. As of the latest update on November 14, the ASX 30-day interbank cash rate futures for December 2025 traded at 96.41, reflecting a 6% probability of a rate cut to 3.35% (down from 3.60%).
Data released Thursday by the Australian Bureau of Statistics (ABS) showed the unemployment rate fell to 4.3% in October from 4.5% in September, below the market expectation of 4.4%. October employment change came in at 42.2K, significantly higher than the forecast of 20K and the upwardly revised previous figure of 12.8K.
Full-time employment increased by 55.3K in October, up from a revised 6.5K in September. The participation rate held steady at 67%, while part-time employment fell by 13.1K, compared with a prior increase of 6.3K.
The AUD/USD pair traded near 0.6490 on Tuesday. Daily chart analysis shows the pair consolidating within a rectangular range, signaling sideways movement. Prices are trading below the 9-day Exponential Moving Average (EMA), indicating weakening momentum.
On the downside, key support is seen near the lower boundary of the rectangle at 0.6470, followed by the five-month low of 0.6414 registered on August 21.
On the upside, AUD/USD may test the major resistance at the 9-day EMA near 0.6514. A break above this level could improve short-term momentum and open the door for a move toward the upper boundary of the range around 0.6630.
2
Lagarde: Europe must
reduce external dependence
and unlock internal market
potential
European Central Bank (ECB) President Christine Lagarde said on November 21 at the 35th Frankfurt European Banking Congress that Europe’s traditional export-oriented growth model is facing a structural crisis. She stressed that the EU must accelerate efforts to tap the potential of its internal market and reduce reliance on external markets and critical resources in order to strengthen long-term economic competitiveness.
Lagarde noted that Europe had long been deeply integrated into the globalized system, with the share of external trade in GDP steadily rising. However, amid shifting global dynamics, U.S. tariff hikes, and the Russia–Ukraine conflict, exports are no longer a stable engine of growth. Meanwhile, significant capital outflows into U.S. markets have weakened domestic investment and productivity growth, further increasing Europe’s dependence on external factors.
She also highlighted three areas where Europe retains resilience: a robust labor market, continued investment in digitalization and artificial intelligence, and policy support from both fiscal and monetary sides. Lagarde revealed that the ECB has cut rates by a cumulative 200 basis points to improve financing conditions and stabilize demand.
02
Market Price Trends
市场运价走势
Australia New Zealand Line
|
1 |
Spaces Availability：Stable |
|
2 |
Rates Trend：Reduced |
|
3 |
Market Information：Due to the upcoming Christmas season, cargo volume on the Australia East route has declined, reducing space demand and pushing freight rates lower.On the Australia West route, cargo volume has also decreased, leading to lower rates, while transshipment conditions remain unchanged and transit times cannot be guaranteed. |
Europe/Mediterranean
|
1 |
Spaces Availability：Reduced |
|
2 |
Rates Trend：Increase |
|
3 |
Market Information：Europe–Mediterranean routes are seeing tighter space availability due to end-of-month blank sailings, and overall freight rates have been adjusted upward. |
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