Deutschland, the 22,496 gross ton cruise liner formerly operated by Peter Deilmann Kreuzfahrten that failed last year, will become a floating university.

“The Institute for Shipboard Education (ISE), parent organization to globally renowned study abroad program Semester at Sea, has secured a new shipboard campus—its sixth in the program’s storied 51-year history,’ ISE said in a statement.

The new ship, like its predecessors, will serve as a traveling home and campus that brings approximately 600 undergraduate students to the farthest reaches of the globe every semester, giving deeper meaning to education, experiential learning, and community.

This August, the program’s new vessel will be renamed the World Odyssey for her role as the Semester at Sea campus. Currently named the Deutschland, she has been meticulously maintained since her construction in Germany in 1998 and will undergo routine dry-dock maintenance this summer.

The World Odyssey meets the International Maritime Organization’s SOLAS (Safety of Life at Sea), U.S. Coast Guard, and U.S. Public Health requirements, as well as all other statutory standards to operate throughout the world.

“The World Odyssey marks a new chapter for Semester at Sea—a chapter that will allow us to progress, but maintain our traditions,” said T. Kenn Gaither, ISE President and CEO. “We will continue to provide an invaluable experience to new students, who, like our 60,000 alumni, are eager to embrace the world around them, see with new eyes, and make an impact. The World Odyssey will help us educate a new generation of global citizens.”