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Tag: CMM

CMM and Wartsila sign MoU for ethanol-powered offshore support vessels

CMM and Wartsila sign MoU for ethanol-powered offshore support vessels

August 21, 2024 |

In Brazil, Compagnie Maritime Monégasque (CMM) and Wartsila have signed a memorandum of understanding (MoU) with the aim of building the world’s first ethanol-powered offshore support vessels (PSVs). The partnership highlights both companies’ commitment to significantly reducing greenhouse gas emissions in the maritime industry. This pioneering initiative is based on a collaborative design concept that […]

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

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

May 7, 2024 |

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 […]

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