The yacht once owned by the late former Taoiseach Charles Haughey will be only Irish entrant in the Tall Ships Races at Waterford later this month.
The Irish Times reports that Celtic Mist will take part in the first leg of the race to Greenock in Scotland before it is fitted out for its new life as a research vessel for the Irish Whale and Dolphin Group.
The IWDG's Simon Berrow confirmed that it has accepted the Haughey family's offer of the yacht as a gift to support its study and conservation of whales, dolphins and porpoise in Irish waters.
He said the group first had to explore the feasibility of running such a large vessel before it could accept the "very generous offer".
The Irish Times has more on the story HERE.