The idea was irresistible: sell up, move on to a luxury cruise ship and spend the rest of your life seeing the world.
But for some of the passengers aboard the Villa Vie Odyssey, the dream of a permanent escape has hit a very earthly obstacle: an “extraordinary” rise in the cost of fuel, according to Euronews. It means an epic voyage has now been brought to an abrupt halt in Cambodia.
The ship set sail from Belfast in October 2024. US-based operator Villa Vie Residences offered a “never-ending cruise around the world with stops at more than 400 ports of call and a global circumnavigation every three-and-a-half years”, said Business Insider. “Permanent residences” were available from $120,000 (£90,000), while some cabins could be rented from $3,500 (£2,600) a month. Then came the fuel crisis. With the oil “chokepoint” of the Strait of Hormuz cut off by the Iran war, energy prices were sent “soaring around the world”. While the company had budgeted for monthly fuel expenses of $1,800 (£1,345) per cabin, this skyrocketed to between $6,000 (£4,480) and $8,000 (£5,975).
Villa Vie announced this week that the Odyssey, which is docked at the port of Sihanoukville in Cambodia, was suspending operations. The company said it was working with passengers to organise disembarkation plans and “temporary living arrangements”. Villa Vie will focus on “restructuring and recapitalisation over the next 60 days”, said The New York Times. “No outcome is assured,” it said, and the ship could “eventually be sold” to settle outstanding costs.
One passenger, Holly Hennessey, told the BBC that she was prepared to wait. “Until they say we are done – done done – I am not giving up. I could never duplicate this lifestyle. The idea of going home? It would be so trite.”
|