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MS The World is a private residential cruise ship operated like a condominium complex, with large apartments that can be purchased. The residents, from many countries, can live on board as the ship travels. Some residents choose to live on board full-time while others visit periodically throughout the year. [1]
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Purchasing and maintaining a yacht can be costly. Most cruising sailors do not own a house and consider their boat their home during the duration of their cruise. Many cruisers find they spend, on average, 4% of their boat's purchase price annually on boat maintenance. [12] Like living a conventional life on land, the cost of cruising is variable.
The Ocean Globe Race was the 50th-anniversary celebration of the original Whitbread Round the World Race, the first fully crewed round-the-world race in 1973. It was founded by Australian adventurer and circumnavigator, Don McIntyre. It featureed yachts similar to those used at that time.
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