A new concept in luxury living and travel has been brought to realization with the completion of the much-vaunted ResidenSea ship, The World, which made its service debut at European ports during April. The unique vessel, home to a resort community continuously circumnavigating the globe, is the brainchild of Knut U. Kloster Jr., and is a testament to the Nordic maritime sector's propensity for innovation. Mr. Kloster was former chairman of Royal Viking Line and Norwegian Cruise Lines, and his father was a pioneer in the cruise industry, operating vessels out of Miami in the early 1960s. Several prominent cruise, shipping and hospitality industry investors have joined Kloster in funding the company ResidenSea, registered at Freeport, Bahamas.