Story perspectives
Villa Vie Odyssey Enters Lay-Up as Costs Jump 344%
By Drooid · · How we work
1 of 1
Story summary
- Villa Vie Residences suspended the Villa Vie Odyssey residential cruise ship in Cambodia, entering lay-up on Oct 27 with crew aboard.
- Fuel costs per cabin rose from $1,800 to $6,000-$8,000, a 344% increase in Asia.
- The company launched a 60-day restructuring and recapitalization plan to secure financing.
- Former Bahamas Paradise Cruise Line CEO Oneil Khosa visited to explore acquiring the Odyssey.