At least, it didn’t sink – even though all 203 passengers and more than 150 crew were told to abandon ship.

No lifeboats were involved, but life savings were thrown overboard and have now sunk without trace, the dream of living permanently on the high seas evaporated in dramatic fashion.

The 509-cabin Villa Vie Odyssey, owned by Florida-based Villa Vie Residences, is stranded in Sihanoukville, Cambodia, because the company, ‘under unsustainable financial pressure’, can’t afford to buy any more fuel.

It was meant to be a never-ending cruise, circumnavigating the globe in three-year cycles, for which you could buy a cabin for anything from £90,400 to more than £670,000, plus pay a monthly fee to cover food, housekeeping and internet access – although passengers report that the internet and TVs haven’t worked for weeks.

The idea was that you would then treat the ship as your permanent home, stopping at more than 400 ports with buffets galore, fitness classes, trivia quizzes, pickleball and nightly entertainment.

And a number of passengers, mainly from America or Canada did exactly that: sold their homes and cars, and cashed in their pensions, for what they thought would be a life-enhancing adventure.

It’s certainly been an adventure but hardly life-enhancing.

As passenger Randy Cassingham, 66, turfed off the boat with his 71-year-old wife Kit, said this week: ‘We had built a house and it was our dream house. And we decided to sell that and our car and almost all of our belongings and move onto the ship full-time, permanently. So, we don’t have a home to go to right now.’

The Villa Vie Odyssey cruise ship docks at Sihanoukville autonomous port after permanent residents living on the vessel were forced to disembark in Cambodia

Randy Cassingham and his wife Kit sold their home to live aboard the Odyssey, which is now docked in Cambodia

Holly Hennessey has been on board from the start, accompanied by her Siamese cat, Captain

And what’s odd, given the dire circumstances, is that for several days there was nothing in the way of an apology, although the founder of Villa Vie Residences, Mikael Petterson, has now said he feels like ‘the villain’ in the story and admits it’s an ‘awful’ situation.

This week, passengers who had shelled out vast sums of money for not particularly plush berths on the 642ft ship, were talked through the costs incurred – mostly as a result of the ongoing conflict in the Middle East pushing up oil prices – as if delivered by a sharp-suited accountant at the end of a financial year.

‘On an equivalent per-cabin basis, monthly fuel expense that historically averaged approximately $1,800 (£1,350) has recently reached an estimated $6,000 (£4,500) to $8,000 (£6,000) in parts of Asia. The company cannot simply pass increases of that scale on to residents,’ the company said.

Clearly not. But a little more warning might have been expected.

Instead, the company put out a statement, saying: ‘We are working with residents to co-ordinate disembarkation and temporary living arrangements and are supporting residents.’

This is disputed by the Cassinghams, who sold the family house in Colorado and belongings to pay £284,000 for their permanent cabin, plus a monthly fee of £5,200, thinking the ship would become their ‘forever home’.

‘What’s happened didn’t come out of the blue,’ said Mr Cassingham. ‘It was a cascade of problems piling up on one another, from the business model to mistakes by management to the mentioned crisis in fuel cost and availability, and more.’

He described on a blog how he only found out on Monday that things were going awry when Kathy Villaba, Villa Vie’s chief executive, posted a note on the ship’s internal messaging board.

She gave passengers seven hours to pack and disembark – leaving everyone liable for their own accommodation and meals in the port town of Sihanoukville.

Another resident, Margaret Carrasco, delivered her own statement on what happened – and she doesn’t pull her punches.

‘I want to set the record straight and clear up any confusion out there about what the company, Villa Vie Residences, is claiming in their PR announcements,’ she said.

‘They are providing zero support to residents despite claiming they’re helping us with temporary living arrangements. That is total bull****.’

Ms Carrasco said the only help she received was from ‘our loving crew and fellow residents in getting our luggage down the gangway and onto a shuttle. We were dropped unceremoniously in the middle of town, left to our own devices.’

Sihanoukville is not the most hospitable of towns in which to be dumped.

More than 70 casinos have been built here in the past three years alone and there are plans for a new $1 billion, 65-hectare Chinese-Malaysian resort called Wisney World.

‘The town itself is now an almost-permanent construction zone. Bricks and construction materials litter the streets, the crime rate is growing and Sihanoukville’s postcard beaches are now choked with plastic bags,’ according to the website Intrepid (catchline: ‘committed to using travel as a force for good’).

Sihanoukville, which has a population of around 90,000, is known as a thriving town for human trafficking and is a hotbed for online scams – fitting, one might think, for a venture that has proved a shambles from the start.

Long Dimanche, the deputy governor of the province of Sihanoukville, is wholly sympathetic: ‘Being ordered to disembark so abruptly has left retirees and workers effectively homeless, thousands of kilometres away from their home countries.’

The cruise had long been beset with problems.

Due to set sail from its dry dock in Belfast in early spring 2024, the ship was still there four months later because of problems with its rudders and gearbox, which cost the company some £15 million more than expected. During this period, passengers were allowed on the ship during the day but at night they were booked into hotels and rented apartments.

At the time, the Mail was keen to visit the ship in Belfast with a view to finding out how passengers were getting on. I emailed the company, but my request was flatly refused by Villa Vie Residences. It didn’t want the publicity. I wasn’t welcome.

Then, in July this year, I received an email from the company’s public relations agency saying it was ‘excited to share some big news’.

Now, it clearly did want the publicity – and I was welcome to interview Mr Petterson.

‘Following the success of Villa Vie Odyssey, which is now more than 85 per cent sold, the company is expanding into a two-ship fleet with the announcement of its second residential cruise ship, Legacy, with residences expected to be approximately 50 per cent larger, along with expanded dining, larger public spaces, enhanced wellness facilities and additional luxury amenities.’

No chance of that now. Holly Hennessey, 70, from Florida, has been on board from the start, accompanied by her Siamese cat, Captain. She paid some £250,000 for her cabin, with a balcony, plus a monthly fee of around £5,000.

Ms Hennessey, who describes herself as a ‘cruise addict’, does not expect to get her money back but is being remarkably stoic.

‘I don’t like losing money at all but it was worth it to me,’ she said. ‘I wish different decisions were made but I got to live my dream.’

It might not have helped that the ship is more than 30 years old, having previously sailed as Braemar and part of the Fred Olsen fleet.

Villa Vie Residences reportedly spent some £17 million renovating it but, according to Judi Cuervo, another passenger who has written about her experiences on board, the ship’s age was all too apparent.

There were missing ceiling tiles, grubby windows, torn seat covers and ‘blinds askew’, Ms Cuervo said. She added that there were no safety drills during her entire nine-day stay.

Similar defects were uncovered by a woman – who wishes to remain anonymous – following a ‘try-before-you-buy’ cruise on the ship last year.

‘No heat. No air-conditioning, spotty wifi … and I’d heard about repeated toilet malfunctions aboard Odyssey in my research prior to sailing, but I believed the problem was resolved.

‘Imagine my surprise when I returned to find a full-page of Toilet Use Guidelines.’

The Daily Mail has seen those guidelines – and they don’t make for attractive reading.

‘While our team works diligently to clean the filters every two days, we’ve recently discovered a growing number of inappropriate materials causing blockages, including plastic gloves, diapers, tissues, napkins and other non-flushable items,’ it states.

In April, the company tried to levy a ‘fuel surcharge’ on passengers – but this was rejected by them.

Passengers board the Villa Vie Odyssey cruise ship at Belfast Port’s cruise ship terminal, after the luxury cruise ship became marooned in Belfast for four months in September 2024

Angela Harsanyi and Gian Perroni found love after being stuck in Belfast amid the delays to the departure of Odyssey cruise ship, getting engaged in September 2024

The interior of the Odyssey cruise ship, where people opt for an all-inclusive cruise lifestyle that’s cheaper than buying a new home

Then, earlier in the year, the ship was forced to leave Australia sooner than planned over the issue of access to fuel. What’s more, passengers all contributed money to enable the ship to depart from Singapore in August because, according to Mr Petterson, whereas the company was paying $600-$700 per metric ton for fuel, the price soared to nearly $2,000 following the escalation of the Israeli/American war with Iran.

While passengers onboard Villa Vie Odyssey have discovered to their horror that round-the-world residential cruises are not always the happy-ever-after they’d dreamed of, even so, the yearning to live a life on sea will continue. Cruising, in general, remains extraordinarily popular, despite all kinds of disasters.

In May, there was the grim spectacle of a Dutch expedition ship, MV Hondius, stranded in the Atlantic following an outbreak of hantavirus, which killed three people – a situation made worse by the refusal of the Cape Verde islands to allow the ship into port.

Also in May, some 1,200 mainly British passengers on board an Ambassador Cruise Line ship called Ambition were quarantined in Bordeaux after 48 people reported symptoms of norovirus, a highly contagious form of gastroenteritis.

A 92-year-old British man died on the ship, not from norovirus but from a heart attack – which wasn’t great publicity either.

But still the cruise industry sails on, contributing £5.8 billion annually to the UK economy and supporting 60,000 jobs.

More than 2.4 million British and Irish holidaymakers are expected to take a cruise this year, making it the fastest growing travel sector, according to the Cruise Lines International Association.

Last year, I had my own experience of a fully residential ship when invited on to the The World for a few days, where there are 165 private apartments, ranging from studios starting at around £1.8 million to three-bedroom apartments costing £12 million.

On The World, you buy your apartment outright, just as you would a house or flat, and then decorate it as you please. It’s yours for as long as you want – and you can’t rent it out.

You come and go depending on where the ship is berthed, with itineraries planned three years in advance, including to Antarctica, Australia, Papua New Guinea, Alaska, Northwest Territories et al.

You move around the world (it’s already circumnavigated the globe nine times), but feel that the world is moving around you. You can spend the whole year on board if that takes your fancy.

The World is a floating apartment building – a condominium, as Americans like to call it, owned entirely by the supremely wealthy residents.

It’s a lifestyle choice, where your ‘preferences’ (as they are known) are noted, right down to whether you prefer your omelette runny in the middle or a little firmer.

All rather different to life onboard Villa Vie Odyssey – where passengers are no longer sailing the seven seas but left on their own with no clear direction home in a dreadful-sounding city in Cambodia.

Some of them will surely never set foot on a cruise ship again.