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Related parties | 12 Months Ended
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Dec. 31, 2023
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 2023 | Dec 31 2022
Significant subsidiaries: |  |  |  |
Methanex Asia Pacific Limited | Hong Kong | Marketing & distribution | 100% | 100%
Methanex Services (Shanghai) Co., Ltd. | China | 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 and Tobago | Production | 100% | 100%
Methanex USA LLC | United States | Production | 100% | 100%
Methanex Louisiana LLC | United States | Production | 100% | 100%
Methanex Geismar III LLC | United States | Geismar 3 project development | 100% | 100%
Waterfront Shipping Limited 1 | Canada | Shipping | 60% | 60%
Significant joint ventures: |  |  |  |
Atlas Methanol Company Unlimited 2 | Trinidad and Tobago | Production | 63.1% | 63.1%
1 On February 1, 2022, we closed the shipping partnership with Mitsui O.S.K. Lines, Ltd. ("MOL") whereby MOL acquired a 40% minority interest in Waterfront Shipping Limited. 2 Summarized financial information for the 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, 2023 of $466 million (2022 - $532 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, 2023 and provided in the summarized financial information in note 6 include receivables owing from Atlas to the Company of $74 million (2022 - $73 million), and payables to Atlas of $172 million (2022 - $198 million). The Company has total loans outstanding to Atlas as at December 31, 2023 of $76 million (2022 - $76 million) which are unsecured and due at maturity. Remuneration to non-management directors and senior management, which includes the members of the executive leadership team, is as follows:
For the years ended December 31 | 2023 | 2022
Short-term employee benefits | $ | 9,034 |  | $ | 11,760 |
Post-employment benefits | 681 |  | 656 |
Other long-term employee benefits | 59 |  | 52 |
Share-based compensation expense 1 | 10,046 |  | 6,142 |
Total | $ | 19,820 |  | $ | 18,610 |
1 Balance includes realized and unrealized expenses and recoveries from share-based compensation awards granted.

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