The first edition was won by Philippe Jeantot, who won all four legs of the race with an overall elapsed time of just over 159 days.
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The course was again changed for this edition, this time spanning five legs: Newport, Rhode Island/New York — Brixham, Devon — Cape Town — Tauranga — Salvador, Brazil — Newport.
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In 2005, he participated in the VELUX 5 Oceans Race in his boat, Spirit of Yukoh, and placed second, beating notable sailors such as Sir Robin Knox-Johnston and Mike Golding.