Chilean shipowner CSAV wants to raise $260m through a capital increase.
It is asking shareholders to approve the plan in a vote on 30 March, according to an advertisement in the Diario Financiero daily.
The company said the cash would be used to buy new shares in Hapag-Lloyd to maintain a 25% stake as its German partner completes its merger with UASC.
UASC shareholders will have a 28% stake in the combined company, but the deal will lower CSAV's holding to 22.6% from 31.4%.
CSAV merged its containership operations with Germany's Hapag-Lloyd in 2014.
But it kept its car carrier, reefer, bulker and tanker businesses separate.
