Investment bank and asset manager Alantra has entered the shipping arena with recruits for a maritime and offshore team.

George Giannakis and Nicholas Petrakakos will lead the new division as managing partners.

They have strong maritime investment banking experience, having completed more than 35 transactions for more than $1.7bn since 2016, the company said.

Alantra's new team, which includes two other partners, has completed its first three transactions.