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Methanex and Mitsui O.S.K. Lines Announce Agreement on Key Commercial Terms for a Strategic .
Methanex CorporationJuly 15, 2021 GMT
VANCOUVER, British Columbia and TOKYO, July 15, 2021 (GLOBE NEWSWIRE) Methanex Corporation (TSX:MX) (NASDAQ:MEOH) (Methanex) and Mitsui O.S.K. Lines, Ltd. (TSE:9104) (MOL) are pleased to announce that the parties have concluded Key Commercial Terms for the purchase and sale of an equity position in, and the establishment of a strategic partnership involving, Methanex’s Waterfront Shipping (WFS) subsidiary. With a fleet of approximately 800 vessels, MOL is one of the world’s largest shipping companies. WFS is a global marine transportation company and operates the world’s largest methanol ocean tanker fleet.
Nachrichtenquelle: globenewswire | 16.07.2021, 01:44 | 101 | 0 VANCOUVER, British Columbia and TOKYO, July 15, 2021 (GLOBE NEWSWIRE) Methanex Corporation (TSX:MX) (NASDAQ:MEOH) (Methanex) and Mitsui O.S.K. Lines, Ltd. (TSE:9104) (MOL) are pleased to announce that the parties have concluded Key Commercial Terms for the purchase and sale of an equity position in, and the establishment of a strategic partnership involving, Methanex’s Waterfront Shipping (WFS) subsidiary. With a fleet of approximately 800 vessels, MOL is one of the world’s largest shipping companies. WFS is a global marine transportation company and operates the world’s largest methanol ocean tanker fleet. MOL will acquire a 40 percent minority interest in WFS for US$145 million. Methanex will retain the remaining 60 percent majority interest in WFS and continue to opera
Methanex and Mitsui O.S.K. Lines Announce Agreement on Key Commercial Terms for a Strategic Partnership
July 15, 2021 19:44 ET | Source: Methanex Corporation Methanex Corporation Vancouver, British Columbia, CANADA
VANCOUVER, British Columbia and TOKYO, July 15, 2021 (GLOBE NEWSWIRE) Methanex Corporation (TSX:MX) (NASDAQ:MEOH) (Methanex) and Mitsui O.S.K. Lines, Ltd. (TSE:9104) (MOL) are pleased to announce that the parties have concluded Key Commercial Terms for the purchase and sale of an equity position in, and the establishment of a strategic partnership involving, Methanex’s Waterfront Shipping (WFS) subsidiary. With a fleet of approximately 800 vessels, MOL is one of the world’s largest shipping companies. WFS is a global marine transportation company and operates the world’s largest methanol ocean tanker fleet.
Japan s MOL picks up 40% stake in Waterfront Shipping
Jul 16, 2021 4:02:am
Summary
by: Shardul Sharma
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Japan s MOL picks up 40% stake in Waterfront Shipping
Japanese shipping company Mitsui OSK Lines (MOL) has acquired a 40% stake in Waterfront Shipping (WFS), a unit of Canadian methanol producer Methanex Corp, MOL and Methanex said in a joint statement issued on July 15.
“Through this transaction, Methanex, WFS and MOL will establish a strategic partnership, which will enable Methanex and WFS to benefit from MOL’s broad shipping experience to further strengthen its already excellent shipping operations and capabilities,” the companies said.
“With Methanex as the world-leading methanol producer, WFS as the world’s leading methanol shipper, and MOL’s vast shipping experience, the parties intend to advance the commercialisation of methanol, including renewable methanol, as a viable marine fuel,” they added.
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