The current Georg Stage is the second to be launched under that name. It was built during five months in 1934 at Frederikshavn Værft og Flydedok and was launched in 1934. It is a Danish iron-hulled, fully rigged, three-masted sailing ship. Its first tour started on 24 April 1935. Over a length of 54 m (177 ft), a width of 8.4 m (28 ft) and draft of 4.2 m (14 ft) the ship spawns 20 sails with a total area of 860 m2 (9,300 sq ft), with the tallest mast extending 31 m (102 ft) above deck height. The original figurehead that remains in use from the "old" Georg Stage built in 1882 and depicts its namesake.

The ship has one tour per year, starting in April and ending in September, and has done so except during World War II; the mine danger was thought too significant so the ship was moored in Isefjorden. Following the war and until 1950, the ship each year took on two tours to recoup the war years.