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Colorado State University will be the new academic sponsor for the Institute for Shipboard Education’s Semester at Sea study abroad program starting in June 2016. The institute’s current academic sponsorship agreement with the University of Virginia is due to expire then.

The Institute for Shipboard Education entered into an agreement with a German bank last year to forestall action by creditors as it sought to sell its cruise ship, the MV Explorer. The organization reported in late May that it has no further financial obligations related to the MV Explorer and that it has leased a new vessel for the upcoming fall voyage.