Singapore has seized the Odyssey, a 'forever' cruise ship whose passengers were abruptly abandoned in Sihanoukville, Cambodia, last month. The vessel, operated by Florida-based Villa Vie Residences, was taken by Singaporean authorities following a court order from its creditors. Passengers, who paid hundreds of thousands of dollars for lifelong residencies, were given just hours to disembark in a port known for organised crime.
The company blamed sharp fuel price rises following the war in the Middle East for aborting the two-year voyage. Residents frequently complained about conditions and were asked to pay thousands of dollars at various stops to ensure the crew could refuel. The ship made four visits to Singapore for cheaper fuel and nearly faced seizure there previously.
The crew of about 50 are reportedly well and being cared for by creditors. Over 200 passengers, mainly American retirees who sold their homes, were left stranded, with many still hoping to recover belongings left behind.
Source: Financial Times Companies · Summarized by HeadlinesBriefing