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Elan Yachts is very pleased to announce that KJK Fund III, a EUR 250 million private equity fund launched in 2018, has completed the purchase of 100% of the shares of Elan d.o.o.

The KJK Group of companies manage several funds focusing on European Frontier markets where they combine local expertise with international best practices. The KJK team has extensive experience in these markets covering portfolio company selection, investment analysis and asset management. KJK’s network consists of 8 offices across Europe with 19 highly experienced investment professionals, each averaging more than 15 years’ experience. The local teams provide a unique platform to access highly-attractive investment opportunities across developing Europe. Their  local footprint enables KJK to provide global institutional investors access to opportunities into Frontier Europe which would otherwise be inaccessible.

Mr. Kustaa Äimä, the founder and senior partner at KJK, stated that “We are delighted to have closed the purchase of Elan after 9 months of work. We believe that Elan’s relentless focus on its customers makes its products highly relevant to consumers, thereby making Elan highly competitive on the world stage.” Mr. Äimä commented further that “Elan will play a central role in KJK’s efforts to build a sporting goods business focused on enabling friends and families to lead year-round active outdoor lifestyles”.

Elan’s management team, led by Mr. Jeffrey Tirman, Elan’s CEO, will continue managing the company. In addition, Mr. Tirman will assume the role of CEO of KJK’s newly created holding company, KJK Sports. Under KJK Sports, in addition to Elan, KJK will combine its other sports and outdoor related investments, including the Estonian-based watersports company, Tahe Outdoors, and Leader 96, the Bulgarian-based bicycle manufacturer. Mr. Tirman commented “We are pleased to have successfully concluded the sale of Elan to KJK and look forward to the opportunity of working with the entire KJK team and the management teams of the other KJK Sports portfolio companies. We believe that significant synergies exist across the portfolio of sport holdings which will enable KJK Sports to become a truly global, all-season active outdoors sporting goods company”.

"Styx" depicts the transformation of a strong woman torn from her contented world during a sailing trip.

• Director: Wolfgang Fischer
• Writers: Ika Künzel, Wolfgang Fischer
• Stars: Susanne Wolff, Gedion Oduor Wekesa, Kelvin Mutuku Ndinda...

* možni tudi krajši termin

DATE: 11. 4. – 15. 4. 2019
Join us on the traditional Season Opening Sailing Party 2019.
We will start the sailing season in 2019 with S.O.S. - active and fun sailing weekend. Like in previous years, it will include a lot of sailing, internal regattas with navigation challenges, and will be accompanied also with many fun and entertaining activities.
We welcome all sailing lovers - with partners, friends or families, regarding your sailing experience.

PRICE:
295 € / person.
!!! SPECIAL PRICE FOR JUST PERFECT SAILORS:
275 € / person for everybody that was already present on at least one Just Perfect Y.C. sailing event.
Registrations and payments until 29. March .2019!

The price includes:
- sailing boat,
- transit log (200€ / boat)
- turist tax
- skipper,
- 2 x Just Perfect dinner
- evening socializing events and parties,
- official 7th S.O.S. T-Shirt
- event organization and coordination

The price does not include:
- fuel (around 10 € / person)
- moorings (around 10 – 20 € / person)
- food and drinks expect two dinners
- transfers and parking

Program outline:
-Thursday, 11.4.: check in, sailing to Šolta, master chef cooking competition (arrival and overnight stay on the boats is possible already on Wednesday evening)
-Friday, 12.4.: skippers meeting, sailing to Hvar, dinner in konoba
-Saturday, 13.4.: skippers meeting, internal regatta with navigation challenges to Brač, dinner in konoba
-Sunday: sailing back to initial marina, check out, group photo and going home
The final program is defined a few days before the event, taking into consideration the weather forecast.

Registration and more info: This email address is being protected from spambots. You need JavaScript enabled to view it., + 386 41 975 246.

Sea U There!

www.justperfect-sailing.com/en/home/

Austal Limited (ASX:ASB) advises that it has officially delivered, and its customer has accepted, the largest commercial ferry (by volume) the Company has ever built at its shipyard in Henderson, Australia.

Official delivery triggers the final A$20 million-plus payment on the vessel, which was built on budget.

Construction of the A$109 million vehicle passenger ferry, to be named ‘Express 4’, commenced in 2017 for Molslinjen A/S (OMX: MOLS), using an enhanced design based on Austal’s proven catamaran platform, but with a new optimised hull shape and vessel weight minimisation solution to deliver better performance and greater fuel efficiency.

The 109 metre vessel can carry up to 1,000 tonnes, and is capable of transporting more than 1,000 passengers and 425 cars. It will operate at speeds up to 40 knots and during testing achieved a top speed of 47.8 knots (88km/hour), powered by four MAN engines that produce more power combined (36mW) than the Ord River hydro power plant (30mW).

Approximately 400 Austal employees worked on the vessel during the design, pre-fabrication, construction and fit-out phases of the vessel, drawing upon a supply chain of over 1,000 suppliers Australia-wide and internationally.

Austal CEO David Singleton said: "The design and engineering enhancements pioneered by Austal’s Australian design team will enable Molslinjen to achieve lower operating costs and deliver an enhanced passenger experience, two of the most important factors for global operators of large, high speed ferries.

"Delivery of the Express 4 to Molslinjen confirms Austal’s position as Australia’s pre-eminent shipbuilder of large high-speed commercial craft, and we expect delivery and operations of this vessel will trigger future orders for similar vessels from other ferry operators."

Construction of a similar design vessel, a 109 metre vehicle passenger catamaran for Fjord Line of Norway, is already well advanced at Austal Philippines, using the same hull enhancements. 

Other commercial ferries currently under construction at Austal’s shipyards in Australia, Philippines and Vietnam include 2 x 117 metre vehicle passenger trimarans for Fred Olsen S.A of Spain, 1 x 83 metre passenger trimaran for JR Kyushu Jet Ferry of Japan, 2 x 50 metre catamarans for Brave Line of Taiwan, and 1 x 49 metre catamaran for SNC Aremiti of French Polynesia. In addition, Austal’s joint venture in China, Aulong Shipbuilding, is currently constructing 5 x 42 metre catamarans and 1 x 69 metre catamaran for mainland China operators.

The official delivery of ‘Express 4' to Molslinjen marks the start of a 27-day voyage from Henderson to its home port in Odden in Denmark, via Sri Lanka, the Suez canal and Malta. The vessel is expected to commence regular ferry services in the Kattegat Sea from mid-March 2019.

Molslinjen Express 4 achieved in excess of 40 knots during high speed trials off the coast of Western Australia, January 2019 (Photo credit: Willie Blaauw)

Molslinjen Express 4 (Austal Hull 393) is the largest by volume ferry designed and constructed by Austal and is capable of transporting over 1,000 passengers and 425 cars.

Credit: Austal.com, Photo: Willie Blaauw

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Dunat is a small port in the northern part of Puntarska Draga an it is opened for public traffic. There is electricity and water available in the port. There is also a slip, garbage removal and parking place. Nearby are different restaurants and bars.

Seasonal berths are available in the port. Price for high season (1.5. – 30.9.) is 1530 HRK * boat length and 300 HRK * boat length for low season (1.10. – 30.4.).

When navigating into the port leave red light (R Fl 3s 5m 1M) on your left side and green lateral mark on your right. Water depth in the entrance is only 1,9 m. Water depths in the port are 2,5 m in southern part and 1 m in northern part.

More info (contact, areal photos, prices,...) on this link. 

Following initial reports that Alex Thomson’s Hugo Boss had grounded on rocks during the final miles of the Route du Rhum-Destination Guadeloupe and while leading the IMOCA class, Race Direction has contacted the British skipper to check his status.

They have ascertained that while sailing on port tack at the north end of Grande Terre island, Hugo Boss ran aground on rocky cliffs around 21:45hrs (local time/0145hrs UTC Friday).  The accident occurred at the north end of Grande Terre, just south of the Grande Vigie lighthouse on La Pointe à Claude.

Upon hitting the cliff, Alex Thomson had to lower his sails and start his engine to reverse his boat from these rocks. He was able to extract himself from the reefs before re-hoisting his sails to resume his passage. Thomson stopped his engine and then set a new seal on the propeller shaft.

The skipper was not injured but there is damage to his boat. The crash box in the bow is damaged and has taken in water but it is contained, and the bowsprit is damaged. The water is contained by the forward bulkhead. The starboard foil is damaged. According to Thomson’s conversation with the Race Director, the keel and its structure are certainly also affected. But it has not been possible to establish a more precise diagnosis during the hours of darkness.

Currently, the boat is sailing at a speed of 7 knots and continues its passage around the island towards the finish line. Approaching the small island at Tete à l’Anglais he has about 50 miles to go until the finish line.

The International Jury was immediately informed by Race Direction of the accident and it will file a protest against Alex Thomson for using his engine during the race.

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Sailing in massive waves is very dangerous. Watch the video which mistakes are lethal.