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Thursday, October 29, 2020

Maritime Logistics Professional

October 8, 2018

Australia Regulator Tells Port of Newcastle to Reduce Charges for Glencore

© seabreeze001 / Adobe Stock

© seabreeze001 / Adobe Stock

Australia's competition regular on Monday said that Port of Newcastle Operations Pty Ltd (PNO) must reduce its charges for ships entering the port to carry coal for global miner Glencore.

The Australian Competition and Consumer Commission determined that PNO should reduce its current charge by around 20 percent to A$0.61 per gross tonne.

(Reporting by Nikhil Kurian Nainan; Editing by Joseph Radford)

GlencoreAustralian Competition and Consumer Commission