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.
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