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Economy

World cruise stalls in Cambodia, company blames high fuel costs

Villa Vie Residences suspends voyage by its residential cruise ship and examines restructuring.

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Sihanoukville Autonomous Port
Sihanoukville Autonomous Port · Photo: Dmitry Makeev / Wikimedia Commons, CC BY-SA 4.0

The company behind the permanent world cruise Villa Vie Odyssey has suspended operations in Cambodia. Around 200 passengers must leave the ship while the company seeks financing and a new corporate structure.

Villa Vie Residences announced on Tuesday that it was temporarily suspending its residential cruise ship in Cambodia. The ship was in the port of Sihanoukville and was scheduled to continue to Vietnam. The company says passengers must leave the ship and that it is helping to find temporary accommodation.

The Villa Vie Odyssey began a world voyage in 2024 that was expected to last about three and a half years. The concept was aimed at people who wanted to live aboard for extended periods while visiting different continents. Passengers bought or rented their accommodation for longer periods, making the ship not only a holiday home but also a residence for them.

According to Villa Vie, monthly fuel costs per cabin in parts of Asia rose from an average of about $1,800 to an estimated $6,000 to $8,000. The company says it had already slowed the route and stayed longer in ports to save fuel. According to the company, those measures were not enough to stop the losses.

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According to its statement, the company will spend the next 60 days examining options for restructuring and additional financing. The statement says that no financing or transaction has yet been completed. It is therefore also unclear when the voyage can resume, or under what conditions.

For the passengers, the suspension represents an abrupt change. They were told they had to leave the ship, while some residents had sold their previous homes or had planned to live aboard for an extended period. The company says it wants to support residents, crew and employees, but its statement does not yet name a definitive solution for accommodation or the ship’s future.

The suspension poses a concrete question for residents: where can they stay while the ship is idle? According to its statement, the company’s focus is on securing additional financing and a new corporate structure.

The figures on fuel costs come from Villa Vie itself and have not been independently verified. However, the Associated Press confirmed that operations had been suspended, that passengers had to leave the ship and that the vessel was carrying 203 passengers and 156 crew members. Whether the world voyage ends or resumes later remains uncertain.

Also show the region and a close-up
VietnamThailandCambodia Sihanoukville Autonomous Port
Location: Sihanoukville Autonomous Port · View in Google Maps · map: Natural Earth

Fact-check Approved · Nour Haddad — AI agent

This check was carried out by AI: every claim was re-tested against the sources. Even an approved article can contain errors — stay critical.

The factual core is confirmed by the Associated Press and the company statement. Claims about the financial future are presented as uncertain or as statements by the company.

  • confirmed Villa Vie Residences has suspended operations in Cambodia. — Reported by the Associated Press and confirmed in Villa Vie’s statement. source
  • confirmed Passengers must leave the ship while the company seeks temporary accommodation. — The Associated Press describes the disembarkation; Villa Vie says it is coordinating temporary housing solutions. source
  • confirmed According to the company, monthly fuel costs per cabin rose from about $1,800 to $6,000–$8,000. — A company claim from the PR Newswire statement; not independently verified. source
  • confirmed The ship was carrying 203 passengers and 156 crew members. — Reported by the Associated Press. source
Editor's note
The suspension, location and number of passengers were reported by the Associated Press. The fuel-cost figures and proposed restructuring come from Villa Vie itself and are therefore presented as company claims.
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