- The Villa Vie Odyssey was arrested on Sunday after arriving at an anchorage outside Singapore
- The arresting solicitor is Helmsman LLC
- The vessel is currently located at the Changi General Purpose Anchorage
- A 50-member skeleton crew is believed to be onboard
- Approximately 200 residents were onboard when it ceased operations in Cambodia
The Villa Vie Odyssey was arrested on Sunday after arriving at an anchorage outside Singapore. According to Singapore Courts the arresting solicitor is Helmsman LLC, a multi-disciplinary law firm based in Singapore. After suspending regular operations in Cambodia in late October and being placed in a temporary lay-up due to a spike in fuel prices, the vessel is currently located at the Changi General Purpose Anchorage.
Reuters reported a 50-member skeleton crew is believed to be onboard. Approximately 200 residents were onboard the 977-passenger vessel when it ceased operations in Sihanoukville with guests given a 36-hour notice before having to leave the ship. The company blamed the war with Iran for a 330pc increase in bunker prices and reported it was unable to secure the fuel necessary to continue operations.
Villa Vie’s CEO Mikael Petterson told CBS News that the company is planning to file for Chapter 11 bankruptcy, noting that the operation ran out of money while searching for a financial partner. Villa Vie launched service in late 2024 introducing a product concept that allowed guests to acquire cabins and live onboard its first ship, the former Braemar acquired from Fred. Olsen Cruise Lines.
Mikael Petterson shared “The company is currently planning to file for Chapter 11 bankruptcy, noting that the operation ran out of money while searching for a financial partner.”
