U.S. cruise ship suspends 3-year around-the-world voyage in Cambodia due to fuel costs

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1. 2h ago

   U.S. cruise ship suspends 3-year around-the-world voyage in Cambodia due to fuel costs

   The U.S. cruise ship MV Odyssey, on a three-year around-the-world voyage, has suspended its journey in Cambodia due to high fuel costs. Hundreds of passengers were forced to disembark, with some having sold their homes to live on the ship. The company, Villa Vie Residences, plans to file for bankruptcy and restructure its business.

   Why it matters

   The suspension of the MV Odyssey's voyage highlights the impact of rising fuel costs on the cruise industry. The ship, touted as a residential cruise, had been traveling with passengers who had paid for long-term stays. The abrupt halt has left many stranded in Cambodia.

   What is confirmed

   • The MV Odyssey suspended its three-year, around-the-world voyage in Cambodia due to fuel costs.
   • Hundreds of passengers were forced to disembark the ship in Cambodia.
   • The company, Villa Vie Residences, plans to file for bankruptcy and restructure its business.
   • Passengers were given 8 hours to pack up their lives and leave the ship.
   • Some passengers had sold their homes to live on the ship.

   What to watch next

   • The bankruptcy filing process of Villa Vie Residences
   • The repatriation of stranded passengers
   • Further updates on the company's restructuring plans
   Sources used for this update (20)

   1. CNN — Continuous round-the-world cruise comes to an end as Iran war spikes fuel costs
   2. NPR — A U.S. cruise ship ends voyage due to fuel costs and passengers lose their homes
   3. Reuters — Cruise ship residents left stranded in Cambodia after fuel prices soar
   4. CBS News — U.S. cruise ship suspends 3-year around-the-world voyage in Cambodia due to fuel costs
   5. The Guardian — Cruise guests stranded in Cambodia after company ends voyage due to high fuel costs
   6. The Washington Post — Cruise line folds over fuel costs, booting passengers in Cambodia
   7. The New York Times — An ‘Endless’ Cruise Around the World Is Suspended, Leaving Passengers Stranded
   8. CBS News — CEO says plan is to file for bankruptcy after ending luxury never-ending cruise that left hundreds stranded
   9. Business Insider — Passengers living on a round-the-world cruise were given 8 hours to pack up their lives and leave the ship in Cambodia
   10. www.theguardian.com — Passengers stranded in Cambodia after cruise halted due to ...
   11. www.cbsnews.com — U.S. cruise ship suspends 3-year around-the-world voyage in ...
   12. www.cnbc.com — Villa Vie Odyssey suspends operations over soaring fuel costs
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