Former Morgan Stanley analyst Fotis Giannakoulis has been brought in to ramp up shipping investments at Bluewater Acquisition Corp.

Giannakoulis has been appointed a director at the Calgary-based operation, a so-called capital pool company that is looking to make its first splash in the sector.

Bluewater, which is listed on the Toronto Stock Exchange, said it aims to identify and invest in assets and businesses in the maritime and shipping sector.