CMM lands $94M investment in its ethanol powered Platform Supply Vessels in Brazil

In Brazil, Compagnie Maritime Monegasque (CMM) announced the closing of up to $94 million in financing. The transaction was funded by Summit Ridge Capital Partners. Panorama Capital Partners sourced and advised on the transaction, and participated as a co-investor.

This financing enables CMM to recompose its shareholder structure and to expand its fleet.  As part of this expansion, CMM will construct pioneering ethanol powered Platform Supply Vessels in Brazil.  This is a new use of ethanol as fuel in an industry in dire need of decarbonization and will position CMM as a global leader in environmentally sustainable maritime operations.