Jeffrey Gannon and Adrian Dunner, in partnership with investment vehicles managed by Wafra Inc., announced the formation of Global Container International LLC, a new marine container leasing platform with headquarters 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), Global is positioned to provide its customers a reliable alternative source of capital and containers for lease.

Gannon serves as Chief Executive Officer of Global and Dunner serves as Chief Operating Officer. Together, they have a combined 50 years of experience backed by successful track records in the container leasing industry. Global 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 Global team represents an extension of its ongoing investment efforts in shipping and transportation, as well as similar platform investments in other sectors.