The Sailing World Championships in The Hague have been pushed back by a year to 2023 due to the impact of the coronavirus pandemic.
World Sailing claim the move will make the Dutch city the "international sailing capital".
Competition is now scheduled to take place from August 10 to 20 in 2023, with the Ocean Race also set to encompass The Hague during that year.
The move was a joint decision by World Sailing, the Royal Netherlands Watersport Association, the municipality of The Hague and TIG Sports.
It was put down to the global challenges caused by the pandemic and the postponement of the Tokyo 2020 Olympic Games to 2021.
The Youth Sailing World Championships, due to be held in The Hague in July 2021, have also been rescheduled for 2022.
World Sailing is now seeking a new venue to host the 2021 Youth Sailing World Championships in December.
"The Youth Sailing World Championships and the Sailing World Championships are two of the most important sailing events an athlete can aspire to participate in," said World Sailing President Kim Andersen.
"World Sailing, the municipality of The Hague, the Royal Netherlands Watersport Association and TIG Sports have an ambitious vision for the events that puts the sailors, spectators and world-leading organisation at the heart of the project.
"The postponement of Tokyo 2020 has meant sailors and our member nation associations have had to reorganise their priorities for 2021.
"Moving the 2021 Youth Sailing World Championships to a new venue towards the end of the year will ensure maximum effort is put in to delivering a successful event.
"The 2022 Youth Worlds will be the first touch point for the Dutch population and will provide the organisers with key opportunities to test operations ahead of the 2023 World Championships."
The 2023 Sailing World Championships is set to be the primary qualification event for the Paris 2024 Olympic Games.
"Allowing our teams and sailors more time to prepare following Tokyo 2020 in 2021 will ensure the best sailing talent is displaying to a global audience," said Andersen.
"We look forward to continuing the strong relationship with The Hague and their established partners in delivering two Championships that raise the bar even higher."
The 2018 Sailing World Championships was held at the Aarhus International Sailing Centre in Denmark and resulted in the award of 40 per cent of places for the sailing contest at the Tokyo 2020 Olympic Games.
"The Sailing World Championships is an Olympic class sailor's key performance indicator on the road to the Olympic Games," said World Sailing Board member and Athletes' Commission chair Yann Rocherieux.
"It is a spectacle where the best sailors target World Championship glory and an Olympic qualification place.
"Tokyo 2020's postponement has meant sailors have had to reset and adjust their campaigns.
"By hosting the Sailing World Championships in 2023, the sailors will have a longer period to focus on the event when Tokyo 2020 concludes next summer.
"The Hague is a fantastic sailing venue that tests the all-round abilities of every sailor.
"The competition will be wide open at the Youth Sailing World Championships and the Sailing World Championships and I'm excited to see it unfold in 2022 and 2023."