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Maritime News - 2024 May 8

08 May 2024

CMM Secures Funding to Facilitate Construction of Ethanol-Powered PSV Fleet

© donvictori0 / Adobe Stock

Compagnie Maritime Monegasque (CMM) has secured $94 million in financing from Summit Ridge Capital Partners, which will help the company construct pioneering ethanol-powered fleet of Platform Supply Vessels (PSVs) in Brazil.The financing will enable CMM to recompose its shareholder structure and to expand its fleet, the company said. Panorama Capital Partners sourced and advised on the transaction…

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