The MV Odyssey set sail two years ago on a voyage to the seven continents marketed as combining long-term living at sea with global travel. Its operator had offered to “make the Odyssey your permanent home,” with the purchase price of a suite for the lifetime of the vessel starting around $230,000.
For now, it is docked at the Cambodian port of Sihanoukville on the Gulf of Thailand, with no certain departure date.
The ship has been carrying 203 passengers, mostly Americans, along with 156 crew members, according to Cambodian officials. It has a 650-passenger capacity.
Its Florida-based operator, Villa Vie Residences, said monthly fuel expenses per cabin that historically averaged $1,800 have reached an estimated $6,000 to $8,000 in parts of Asia due to the war in Iran. The company said it sought to reduce fuel consumption by slowing the itinerary and spending more time in port, but was unable to offset the surging costs.
Traffic has been curtailed in the Strait of Hormuz since the war in Iran began, squeezing supplies of all kinds of petroleum-based fuels, especially in Southeast Asia, and sharply increasing prices.
“We have been unable to continue carrying the resulting operating losses,” Villa Vie Residences said in a statement issued Tuesday. “Passing the full increase on to residents is not a realistic solution. Our focus now is on supporting residents, crew, and employees” while it tries to restructure.
“The company is working with residents to coordinate disembarkation and identify temporary living arrangements,” it said.
Those on the ship had hoped to sail for years to come
Passengers, however, said they received no support and had to make their own arrangements after being given seven hours notice on Tuesday to disembark. Some were devastated and expressed hope a new company could rescue the venture so life at sea can continue.
