The largest privately owned resident yacht on earth has returned to Falmouth today.

The World, which boasts 165 luxury residences on board, has spent the past few months cruising the entire Norwegian coastline up to Kirkenes on the Norway/Russia border, around the Scottish islands and the west coast of Ireland.

This is the ship’s third visit to Falmouth, which is a major coup for the port in terms of UK calls for this ship.

Falmouth Packet:

ABOVE: The World arrives pulls in to Falmouth Harbour. Credit: Jeremy Hurst

"The vessel’s residents liked Falmouth and visiting Cornwall so much on her two previous calls that the town is now firmly on the map as far as they are concerned," the Packet's In Port correspondent David Barnicoat said. 

The World will remain in Falmouth for two days.

A diverse group of residents from 19 countries own homes onboard and actually own the ship as well.

Residences on this ship cost up to £4.6 million for an apartment.

Falmouth Packet:

ABOVE: The huge ship as seen from Events Square. Credit: Gina Anne

Annual ownership costs are additional and are based on the square footage of the apartments. These fees include a resident’s share of ship preservation, operations, crew compensation and food and beverage onboard.

It may look like a cruise ship from the outside but in reality it is not. This exclusive floating community offers the ultimate combination of luxury travel with world-class dining, custom tours and enriching cultural events.

There are some residents who live on the ship year-round, with the majority continuing to be active in their professional lives and spending three to four months onboard. The average occupancy at one time is 150 residents.

They circumnavigate the globe every two to three years following an extraordinary itinerary that they select. In-depth expeditions and one-of-a-kind experiences are complemented by world-class amenities and impeccable service.

Falmouth Packet:

ABOVE: The huge cruise ship passes Pendennis Point and St Anthony's Lighthouse on its way into the harbour. Credit: David Barnicoat

The World continuously circumnavigates the globe on an itinerary selected by the resident community through a voting process.

Itineraries are determined approximately two years in advance by a team comprised of a resident itinerary committee, the captains and director of itinerary and destination planning. Every section of the globe is a possibility.

In 2012, The World called to 31 different countries, resulting in a different locale every few days. Longer stays in port average three days.

BELOW: The World as seen from the National Maritime Museum Cornwall's webcam. Click for live updates from the tower:

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