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Cruise line folds over fuel costs, booting passengers in Cambodia
The Washington Post • • business
Key Points:
- The continuous world cruise aboard the residential ship Villa Vie Odyssey was abruptly halted in Cambodia due to a suspension of operations by the operator.
- Villa Vie Residences cited "extraordinary increases in fuel costs" as the reason for stopping the cruise and requiring passengers to disembark.
- The company announced plans to evaluate restructuring and recapitalization options to address the financial challenges.
- Villa Vie Odyssey offered permanent residences starting around $120,000, along with five-year and three-year voyage options and short-term rentals.
