Morgan Stanley Infrastructure Partners (MSIP) has invested in the US family-owned shipping company, The Pasha Group.
The private infrastructure investment platform within Morgan Stanley Investment Management said it had provided an unsecured term loan to support continued infrastructure investment in the Hawaii trade.
Further details about the deal were not disclosed, but MSIP, which has about $16bn in assets under management, noted that Pasha has strong market positioning, resilience, and a stable long-term growth profile.
“With limited on-island inventory and storage capacity in Hawaii, MSIP believes Pasha has well-established its position in the US-Hawaii trade landscape, securing the timely and essential delivery of goods to the islands,” the company said in a release.
Pasha Group’s largest segment is Pasha Hawaii, a liner and roro business operating in the US West Coast-Hawaii shipping market. The company entered the Hawaii/Mainland trade lane in 2005 with the introduction of the first and only domestic Jones Act-qualified car carrier, Jean Anne. The fleet also includes George III and Janet Marie – the first boxships to service Hawaii operating fully on LNG from day one in service.
