Methanex Project Overview
Strategic shipping partnership
Strategic partnership between Methanex, Waterfront Shipping
(WFS) and Mitsui O.S.K. Lines (MOL):
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Expands on a 30-year methanol shipping relationship
Methanex and Waterfront Shipping to benefit from MOL's
broad shipping experience to enhance its shipping operations
Parties to work together to advance the commercialization of
methanol as a lower emission marine fuel
MOL will acquire a 40% minority interest in WFS
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Proceeds of $145M
Methanex retains remaining 60% majority interest
No change to Waterfront Shipping's day-to-day operations
Unlocks underappreciated value of WFS to further enhance our
financial strength and flexibility
POWERED BY METHANOL
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1 Waterfront Shipping, a subsidiary of Methanex, operates the world's largest methanol ocean
tanker fleet
WATERFRONTView entire presentation