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Related parties | 12 Months Ended
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Dec. 31, 2017
Related Party [Abstract] |
Related parties | Related parties: The Company has interests in significant subsidiaries and joint ventures as follows:
Name | Country of incorporation | Principal activities | Interest %
Dec 31 2017 |  | Dec 31 2016 |
Significant subsidiaries: |  |  |  |
Methanex Asia Pacific Limited | Hong Kong | Marketing & distribution | 100 | % | 100 | %
Methanex Europe NV | Belgium | Marketing & distribution | 100 | % | 100 | %
Methanex Methanol Company, LLC | United States | Marketing & distribution | 100 | % | 100 | %
Egyptian Methanex Methanol Company S.A.E. ("Methanex Egypt") | Egypt | Production | 50 | % | 50 | %
Methanex Chile S.A. | Chile | Production | 100 | % | 100 | %
Methanex New Zealand Limited | New Zealand | Production | 100 | % | 100 | %
Methanex Trinidad (Titan) Unlimited | Trinidad | Production | 100 | % | 100 | %
Methanex U.S.A. LLC | United States | Production | 100 | % | 100 | %
Methanex Louisiana LLC | United States | Production | 100 | % | 100 | %
Waterfront Shipping Company Limited 2 | Cayman Islands | Shipping | 100 | % | 100 | %
Significant joint ventures: |  |  |  |
Atlas Methanol Company Unlimited 1 | Trinidad | Production | 63.1 | % | 63.1 | %
1 | Summarized financial information for the group’s investment in Atlas is disclosed in note 6.
2 | Waterfront Shipping Company Limited has a controlling interest in multiple ocean going vessels owned through less than wholly-owned entities as disclosed in note 23.
Transactions between the Company and Atlas are considered related party transactions and are included within the summarized financial information in note 6. Atlas revenue for the year ended December 31, 2017 of $459 million (2016 - $214 million) is a related party transaction as the Company has marketing rights for 100% of the methanol produced by Atlas. Balances outstanding with Atlas as at December 31, 2017 and provided in the summarized financial information in note 6 include receivables owing from Atlas to the Company of $13 million (2016 - $7 million), and payables to Atlas of $98 million (2016 - $55 million). The Company has total loans outstanding to Atlas as at December 31, 2017 of $76 million (2016 - $76 million) which are unsecured and due at maturity. Remuneration of non-management directors and senior management, which includes the members of the executive leadership team, is as follows:
For the years ended December 31 | 2017 |  | 2016 |
Short-term employee benefits | $ | 5,214 |  | $ | 5,315 |
Post-employment benefits | 583 |  | 650 |
Other long-term employee benefits | 43 |  | 47 |
Share-based compensation expense 1 | 40,668 |  | 16,172 |
Total | $ | 46,508 |  | $ | 22,184 |
1 Balance includes realized and unrealized gains (losses) from share-based compensation awards granted.

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