Jeffrey Gannon and Adrian Dunner, in partnership with investment vehicles managed by Wafra, formed Global Container International, a new marine container leasing platform headquartered in Boston and with representation in Hong Kong, Shanghai, Singapore, Antwerp, Taipei and Seoul.

With a near-term goal of building a fleet of 1 million TEU (twenty-foot equivalent units), GCI is positioned to provide its customers a reliable alternative source of capital and containers for lease.

Gannon will serve as CEO of the company and Dunner will serve as chief operating officer. Together, they offer clients a combined 50 years of experience in the container leasing industry. GCI will invest in marine containers and related equipment made available for lease under a wide range of structures to meet customer needs. Investments will include new build containers, portfolio purchases, sale leasebacks and other strategic opportunities that will provide customers with flexible and creative leasing solutions.

“This is a great opportunity to partner with Wafra, a premier strategic investor, to deliver our customers a new and reliable container leasing option,” Gannon said. “Our relationship with Wafra provides us access to flexible capital to support our long-term growth objectives. We look forward to bringing innovative and effective solutions to market on behalf of customers.”

Wafra’s partnership with the GCI team represents an extension of its ongoing investment efforts in shipping and transportation, as well as similar platform investments in other sectors.