http://business-times.asiaone.com/shippingtimes/0,4565,,00.html? The Business Times Online Edition - Singapore en-us Copyright 2010 Business Times Online. 18 Mar 2010 SGT 18 Mar 2010 SGT 60 http://business-times.asiaone.com/mnt/static/image/images/topmastheadsmall.gif http://business-times.asiaone.com http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/shippingtimes/story/0,4574,377282,00.html? (LONDON) The worst is over for the shipping industry but the seaborne sector will continue to face oversupply problems which will put pressure on freight rates this year, Moody's Investors Services said on Tuesday. 18 Mar 2010 04:00 SGT http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/shippingtimes/story/0,4574,377284,00.html? (HONG KONG) Container lines will 'absolutely' win targeted rate increases on Asia-US routes this year because of capacity cuts and rising US consumer spending, according to Goldman Sachs Group Inc. 'US and Europe consumers are not feeling as bad as a year ago' Goldman analyst Tom Kim said at a shipping conference on Tuesday. 'The volumes are still there. The demand is picking up.' 18 Mar 2010 04:00 SGT http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/shippingtimes/story/0,4574,377275,00.html? (VICTORIA) Lawmakers in the Seychelles, facing an upsurge in Somali piracy, passed legislation on Tuesday that could see suspected pirates jailed up to 30 years in the Indian Ocean archipelago. 18 Mar 2010 04:00 SGT http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/shippingtimes/story/0,4574,377267,00.html? (PERTH) Global miner BHP Billiton is keeping a key Australian coking coal port shut due to an approaching severe cyclone and other port operators also prepared to shut soon due to the storm. 18 Mar 2010 04:00 SGT