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Cruise halts after years at sea leaving hundreds stranded
Villa Vie Residences said fuel expenses rose as much as 344% in parts of Asia, making operating losses unsustainable.
- On Tuesday, Villa Vie Residences suspended operations of the Villa Vie Odyssey, forcing approximately 200 passengers to disembark at the port of Sihanoukville, Cambodia, after soaring fuel costs made the voyage financially unsustainable.
- Surging fuel expenses, which rose as much as 344% in parts of Asia, strained the operator's finances as the war in Iran drove unprecedented cost increases since the voyage began.
- Americans Lynn and Paul Montoya sold their Wyoming home for a $179,000 cabin and faced eight hours' notice to evacuate on Tuesday, scrambling to retrieve personal items from their floating home.
- CEO Kathy Villalba announced the company is evaluating restructuring options over the next 60 days while displaced residents seek temporary accommodation in Cambodia and surrounding regions.
- Residents like Joel Greiff hope to return if the venture resumes, while others plan relocations to Thailand or Malaysia as the future of the 17-month voyage remains uncertain.
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The cruise ship »Odyssey« stopped its three-year world trip in Cambodia prematurely, the reason being too high fuel costs. Some passengers are now homeless. Why? And what's the next step?
·Hamburg, Germany
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US couple’s retirement dream in ruins after residential cruise scrapped in Cambodia - Regional Media News
By Chantha Lach SIHANOUKVILLE, Cambodia, Oct 29 (Reuters) - Americans Lynn and Paul Montoya sold their house and cars in Wyoming so they could afford to buy a $179,000 cabin on the residential cruise ship Villa Vie Odyssey, plus roughly $6,000 a month in fees, [...]
At least until the fuel becomes too expensive, as a success at Villa Vie Odyssey in Cambodia
·Italy
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Coverage Details
Total News Sources14
Leaning Left3Leaning Right2Center3Last UpdatedBias Distribution38% Left, 37% Center
Bias Distribution
- 38% of the sources lean Left, 37% of the sources are Center
38% Left
L 38%
C 37%
R 25%
Factuality
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