A 'never-ending' cruise has halted operations and told residents to disembark in Cambodia after fuel costs rose over 300%
Source: Business Insider ·
Villa Vie's promise of a live-in, continuous voyage around the world has hit choppy waters after surging fuel prices squeezed its finances.
From the source
Villa Vie Residences' Odyssey cruise ship set sail from Belfast in September 2024.PAUL FAITH/AFP via Getty ImagesIt was meant to be a never-ending residential cruise. Now, operations have halted.Villa Vie Residences said it can no longer operate due to fuel expenses surging more than 300%.The cruise line set sail in 2024 with the promise of a live-in, continuous voyage around the world.A cruise ship selling the promise of a permanent life at sea has come to an abrupt stop.Villa Vie Residences, which operates the residential cruise ship Villa Vie Odyssey, announced on Tuesday that it had suspended operations in Cambodia amid steep increases in fuel costs.The company said its monthly fuel expenses per cabin, which had previously averaged about $1,800, had risen as much as 344% in parts of Asia, to an estimated $6,000 to $8,000.The US-Israeli war with Iran began in February, and Iran's subsequent closure of the Strait of Hormuz — a vital chokepoint for global oil shipments — sent energy…
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