The ship undertakes adventure sail training for people of all ages in New Zealand and through the islands of the South Pacific, with 22 paying and 13 permanent crew. In late 2011 she was purchased by Sydney Harbour Tallships, who also own and operate Southern Swan (formerly Our Svanen) around Sydney Harbour. Soren Larsen will continue to sail in the South Pacific. She was flagship for Australia's Bicentennial First Fleet reenactment. In 1991 Soren Larsen sailed around Cape Horn.
The ship was one of seven ships used when filming the British BBC TV-series The Onedin Line.