Pasha Group

Morgan Stanley confirms investment in Pasha Group

The American multinational investment bank and financial services company Morgan Stanley has decided to provide an unsecured term loan to The Pasha Group, a family-owned maritime transportation company, to support continued infrastructure investment in the Hawaii trade.

In particular, Morgan Stanley Investment Management (MSIM), through investment funds managed by Morgan Stanley Infrastructure Partners (MSIP), a private infrastructure investment platform within MSIM provided the loan to The...

https://container-news.com/morgan-stanley-confirms-investment-in-pasha-group/

Morgan Stanley unit invests in Pasha Group

Morgan Stanley Investment Management reports that, through investment funds managed by Morgan Stanley Infrastructure Partners (MSIP), it has provided an unsecured term loan to the Hawaii-based Pasha Group, whose largest segment is Pasha Hawaii, an ocean freight and automobile shipping business operating in the U.S. West Coast-Hawaii shipping market.

The Pasha Hawaii fleet includes two Ohana Class, 774-foot LNG-fueled, 2,525 TEU Jones Act containerships built at the AmFELS shipyard in...

https://www.marinelog.com/legal/shipping/morgan-stanley-unit-invests-in-pasha-group/

Hawaii’s Young Brothers seeks rate increase to stay afloat

Young Brothers said it needs to dramatically increase its shipping rates this summer if it is going to break even financially and keep its services operating through year’s end.

Hawaii’s sole inter-island ocean carrier, which is regulated by the state’s Public Utilities Commission (PUC), said the coronavirus pandemic is already expected to leave it with a loss of $30 million by the end of 2020 at current rate levels.

Even before the state implemented its COVID-19 travel restrictions earlier this...

https://s29755.pcdn.co/news/hawaiis-young-brothers-seeks-rate-increase-to-stay-afloat