00:00This cruise was never supposed to end, but on Tuesday it stopped and every resident got a few
00:05hours to pack up and get off in Cambodia. They ran out of money. They don't have any money for
00:10fuel. So they told us we all have to get off. They're trying to raise money, but nobody is
00:15putting money into it. So we're not going anywhere. So they threw us off. That's 203 people on the
00:20Villa V Odyssey, most of them Americans. The company sold cabins as homes with ownership
00:26guaranteed for at least 15 years, according to its website. Villa V blames the Iran war for
00:31roughly quadrupling its fuel costs. Per cabin, that's about $1,800 a month, jumping to as much
00:36as 8,000. The company says it's helping residents find temporary housing, but resident Randy Cassingham
00:43wrote online that the company has done absolutely nothing to help. Founder Mikhail Peterson told CBS
00:48the plan is to file for chapter 11 bankruptcy. He told the Telegraph they'd have been absolutely
00:53fine without the war. Big cruise lines can lock in fuel prices, he said, but we are too small a
00:58company to do that. That same Tuesday, Royal Caribbean reported a $1.7 billion quarterly profit.
01:05Peterson also said nobody that's tried residential cruising has succeeded. So was Villa V taken down
01:10by the war or was living at sea never going to work?
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