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Villa Vie Odyssey Arrested in Singapore as Round-the-World Cruise Dream Falters

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Villa Vie Odyssey Arrested in Singapore as Cruise Dream Falters The Villa Vie Odyssey, a residential cruise ship whose around-the-world voyage was thrown into doubt by soaring fuel costs and funding strains, has been arrested in Singapore. The vessel was placed under arrest by a Singapore court order on Nov. 8 and is anchored in the city-state’s port waters, information on the Singapore Courts website shows. There are no passengers aboard, while the crew are reported to be well and their...

Villa Vie Odyssey Arrested in Singapore as Cruise Dream Falters The Villa Vie Odyssey, a residential cruise ship whose around-the-world voyage was thrown into doubt by soaring fuel costs and funding strains, has been arrested in Singapore. The vessel was placed under arrest by a Singapore court order on Nov. 8 and is anchored in the city-state’s port waters, information on the Singapore Courts website shows. There are no passengers aboard, while the crew are reported to be well and their welfare is being managed by the vessel’s creditors, the Maritime and Port Authority said in a statement.
Villa Vie Odyssey Arrested (PERSON) Singapore (LOCATION) the Singapore Courts (ORG) Maritime (ORG) Port Authority (ORG)
Originally published by Bloomberg Markets Read original →