The vessel carries 253 square metres (2,720 sq ft) of sail and has a 170 horsepower (130 kW) Volvo Penta diesel engine as auxiliary power.

After an initiative by the Norwegian Maritime Museum, she was brought back to Norway for restoration by companies in the oil industry in Rogaland in 1978.

[1] On 11 July 2013, during the 2013 Tall Ships' Race, Wyvern started to take in water between the Swedish islands Gotland and Öland.

[3] Sweden’s air and sea rescue service retrieved the ten crew members; Wyvern sank about four hours after she had sent her distress call.

[3] Three crew members from the Dutch sailship Wylde Swan, which also participated in the Tall Ships' race, went onboard Wyvern shortly before she sank in an attempt to rescue the vessel by pumping out water.

[5] Wyvern lay about 50 metres (160 ft) under water after the foundering and various oil companies donated money to salvage her.

[6] Salvagers raised her from the Baltic Sea on 11 August 2013 and brought her to Stavanger on board the ship Island Constructor.