Methanex and Mitsui O.S.K. Lines Announce Agreement on Key C

Methanex and Mitsui O.S.K. Lines Announce Agreement on Key Commercial Terms for a Strategic Partnership


Nachrichtenquelle: globenewswire
 |  16.07.2021, 01:44  | 
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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 operate WFS as a key element of its

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