A new 50m (164ft) yacht has recently been launched at the Kraljevica shipyard in Croatia for a local company, Propela, the subsidiary of the Zepter International Group.

The yacht is due to be completed in the summer but it is not clear at this stage whether it will be sold to a private owner or used for chartering. Zepter International, which is headquartered in Monaco, is active in a number of business areas including luxury goods. It also performs a large amount of sponsorship of differing sports events including boating.

The exterior design and naval architecture for the yacht was handled by Srdjan Djakovic, a Croatian naval architect based in Split. He told SBN: “The initial idea was to use the boat as a mini cruise ship (up to maximum number of 28 passengers), but during the process of development of a project they decided to change the purpose of the ship to a yacht.” He added that he had been requested by Propela to prepare a design for an 85m (279ft) yacht but no further information is available on this.

It has been reported in The Croatian Times that the cost of the yacht was some