Villa Vie Odyssey Ends in Bankruptcy After Fuel Crisis Strands 200 Passengers in Cambodia
Villa Vie Residences suspended its 'never-ending' Odyssey cruise in Sihanoukville, Cambodia, leaving approximately 200 passengers stranded after fuel costs quadrupled due to the Iran war. CEO Mikael Petterson admitted the company is filing for Chapter 11 bankruptcy, citing an inability to absorb operating losses that rose from $400,000 to $2 million monthly. Passengers, who paid up to $439,999 for permanent cabins, received only seven hours' notice to disembark.