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Villa Vie halts MV Odyssey, likely Chapter 11 filing

By Drooid · Oct 30, 2026 · How we work

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Villa Vie Residences halted the MV Odyssey in Cambodia, stranding over 200 passengers.
The company suspended operations on Tuesday after exhausting funds while docked in Singapore.
Documents show the ship loses $600,000 monthly, with $3.1 million costs versus $2.5 million revenue.
Founder Mike Petterson said Villa Vie will likely file Chapter 11 to stay creditors while restructuring.

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Villa Vie Residences halted the MV Odyssey in Cambodia, stranding over 200 passengers.
The company suspended operations on Tuesday after exhausting funds while docked in Singapore.
Documents show the ship loses $600,000 monthly, with $3.1 million costs versus $2.5 million revenue.
Founder Mike Petterson said Villa Vie will likely file Chapter 11 to stay creditors while restructuring.