October 8, 2018 / 2:51 AM / a month ago

BRIEF-ACCC Finalises Arbitration in Glencore-Port of Newcastle Dispute

Oct 8 (Reuters) - Australian Competition & Consumer Commission:

* FINALISED ARBITRATION OF A DISPUTE BETWEEN GLENCORE COAL ASSETS AUSTRALIA AND PORT OF NEWCASTLE OPERATIONS PTY LTD

* DISPUTE WAS ABOUT TERMS AND CONDITIONS FOR ACCESSING THE ‘DECLARED’ SHIPPING CHANNEL SERVICE AT THE PORT OF NEWCASTLE

* DETERMINED THAT PNO SHOULD REDUCE ITS CURRENT CHARGE FOR SHIPS ENTERING THE PORT TO CARRY GLENCORE’S COAL BY AROUND 20% TO $0.61/GT Source text: (bit.ly/2CyFkuA) Further company coverage:

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