"Company's Three-Year Life at Sea Cruise Canceled Due to Lack of Ship"

Life at Sea Cruises has canceled its inaugural three-year voyage after admitting that it does not have a ship. Passengers who had booked the cruise, costing up to hundreds of thousands of dollars, have been left stranded and face a wait of several months to receive their refunds. The company had planned to buy a retired ship from AIDA Cruises but failed to secure the necessary funds. The former CEO of Life at Sea Cruises has resigned and is now planning to offer a new long-term cruise with a different company.