According to the latest statement from Triton, the transaction is subject to standard closing conditions, including regulatory approval, and is anticipated to close in the first half of 2025.

GCI is a marine container leasing company based in Bermuda, with operations around the world. The company operates a fleet of approximately 500,000 TEUs, serving many of the largest shipping lines globally.

Brian Sondey, Triton’s Chief Executive Officer commented: “The GCI team has created an impressive business with a well-structured long-term lease portfolio.

“This acquisition is an excellent strategic fit for Triton that will allow us to lock in meaningful container fleet growth. We are confident that this transaction will strengthen our ability to offer best-in-class service and support to our customers.”

In 2023, Brookfield Infrastructure Partners is acquiring Triton International Limited for approximately $4.7 billion in cash and stock, valuing the container-leasing company’s equity at $13.3 billion.

In other maritime news, the Chinese government recently reposted content criticising the port deal between CK Hutchison and US firm BlackRock, calling it a ‘betrayal of China’. According to Reuters, the commentary led to a 6.38 per cent drop in shares of the Hong Kong-based multinational on 14 March.