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Related parties
 12 Months Ended
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 Limited2
Cayman Islands
Shipping
100
%
100
%
Significant joint ventures:
 
 
 
 
Atlas Methanol Company Unlimited1
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 expense1
40,668

16,172

Total
$
46,508

$
22,184

1  Balance includes realized and unrealized gains (losses) from share-based compensation awards granted.