Mikael Petterson, Founder of Doomed 'Never-Ending' Cruise, Speaks Out on Fuel Crisis and Possible Bankruptcy

Business Insider · 2026-10-29
Mikael Petterson, Founder of Doomed 'Never-Ending' Cruise, Speaks Out on Fuel Crisis and Possible Bankruptcy

Mikael Petterson, the founder of the ambitious 'never-ending' cruise, has broken his silence after the voyage was halted due to soaring fuel prices. Petterson, who now faces the possibility of bankruptcy, acknowledged his role, stating, 'I'm the villain in the story, but I'm doing everything I can.' The cruise, which promised a permanent life at sea, attracted global attention but was ultimately undone by economic pressures. Petterson's candid admission highlights the financial risks of such ventures and the personal toll of entrepreneurial failure. As fuel costs continue to fluctuate, the future of long-term residential cruising remains uncertain. For now, Petterson is focused on resolving the company's debts and supporting affected passengers.