Methanex Corporation (Methanex) and Mitsui O.S.K. Lines, Ltd. (TSE:9104) (MOL) 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...