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Tanker Fleet, Terminals Are Key to Methanex Model

11:57 AM MDT | September 19, 2008 | Gregory Dl Morris

More than a decade after other global chemical producers sold off their proprietary tanker fleets, Methanex retains its Waterfront Shipping subsidiary and is adding to the fleet. Methanol producers are unusual among chemical companies in retaining proprietary fleets, and Methanex, the largest methanol producer worldwide, is also the largest among its rivals in total tanker capacity. With the volatile price of natural gas and methanol, it might seem that a large capital and operating investment in logistics assets would be the last thing that a chemical producer...

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