The general perception is that Kaliakra is a reproduction of a ship of the same name from the time before World War I.

In fact, she is one of three modern sister ships designed for training, the other two being STS Pogoria and ORP Iskra.

[citation needed] She has participated on relatively regular basis in the Cutty Sark Tall Ships regatta, organized by the Sail Training International (STI) Association.

During the Columbus Race in 1992, dedicated to the 500 years jubilee of the discovery of America, Kaliakra sailed the Atlantic Ocean twice and finished third out of 143 ships.

Onboard Kaliakra have been Juan Carlos of Spain, Crown Prince Haakon of Norway and many other personalities.