Global Container International plans to build up a fleet of 1M TEU.
Container leasing industry veterans Jeffrey Gannon and Adrian Dunner are forming the new leasing company in partnership with investment vehicles managed by Wafra Inc.
Global Container International LLC’s (“Global”) new “marine container leasing platform” will be headquartered in Boston, Massachusetts 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,” Global said in a statement.
Gannon will serve as Chief Executive Officer of Global, and Dunner as Chief Operating Officer. Together they have a combined 50 years of leasing industry experience, Dunner was previously a SVP at TAL, while Gannon was previously President of Beacon Leasing.
“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,” Global noted.
“This is a great opportunity to partner with Wafra, a premier strategic investor, to deliver our customers a new and reliable container leasing option,” said Jeffrey Gannon, CEO of Global. “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.”