MELBOURNE, Sept 24 (Reuters) - Australia will allow the major coal export hub of Newcastle to raise its shipping charges on Tuesday after Treasurer Josh Frydenberg let stand a recommendation by a competition regulator that will let the port set higher fees. Newcastle, in the state of New South Wales, is an export hub for thermal coal from the Hunter Valley, where Glencore (LON: GLEN ) ships out the vast majority of the nearly 60 million tonnes it produces in the region. Yancoal Australia YAL.AX and Whitehaven Coal WHC.AX also both use the port. Last year, the Australia Competition and Consumer Commission (ACCC), which is the arbiter in trade disputes, ruled that the Port of Newcastle must reduce its charges for ships entering the port, in a big win for Glencore.