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Related parties | 12 Months Ended
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Dec. 31, 2019
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 2019 |  | Dec 31 2018 |
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 SpA | Chile | Production | 100 | % | 100 | %
Methanex New Zealand Limited | New Zealand | Production | 100 | % | 100 | %
Methanex Trinidad (Titan) Unlimited | Trinidad | Production | 100 | % | 100 | %
Methanex USA LLC | United States | Production | 100 | % | 100 | %
Methanex Louisiana LLC | United States | Production | 100 | % | 100 | %
Waterfront Shipping Company Limited 1 | Cayman Islands | Shipping | 100 | % | 100 | %
Significant joint ventures: |  |  |  |
Atlas Methanol Company Unlimited 2 | Trinidad | Production | 63.1 | % | 63.1 | %
1 | Waterfront Shipping Company Limited has a controlling interest in multiple ocean going vessels owned through less than wholly-owned entities as disclosed in note 24.
2 | Summarized financial information for the group's investment in Atlas is disclosed in note 6.
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, 2019 of $359 million (2018 - $512 million) is a related party transaction included in cost of sales of the Company as Methanex has marketing rights for 100% of the methanol produced by Atlas. Balances outstanding with Atlas as at December 31, 2019 and provided in the summarized financial information in note 6 include receivables owing from Atlas to the Company of $17 million (2018 - $10 million), and payables to Atlas of $69 million (2018 - $134 million). The Company has total loans outstanding to Atlas as at December 31, 2019 of $76 million (2018 - $76 million) which are unsecured and due at maturity. Remuneration received by non-management directors and senior management, which includes the members of the executive leadership team, is as follows:
For the years ended December 31 | 2019 |  | 2018 |
Short-term employee benefits | $ | 9,097 |  | $ | 6,829 |
Post-employment benefits | 767 |  | 977 |
Other long-term employee benefits | 50 |  | 52 |
Share-based compensation expense (recovery) 1 | 127 |  | (4,725 | )
Total | $ | 10,041 |  | $ | 3,133 |
1 Balance includes realized and unrealized gains (losses) from share-based compensation awards granted.

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