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☆ Residential cruise ship startups selling condos at sea for over $100,000 are struggling for the same reason
▼ + stars: | 2023-11-18 | by ( Brittany Chang | Kate Taylor | ) www.businessinsider.com time to read: +7 min

Throughout 2023, residential cruise ship startups have delayed their launches. AdvertisementBuzzy residential cruise ship startups like Storylines can't seem to stick to their timelines. But even it has faced roadblocks: Launched in 2002, residents had to pool $71 million to buy the $280 million ship themselves in 2003. AdvertisementStorylines is a prime exampleStorylines delayed the construction of its MV Narrative residential ship at least twice. Building a new ship is hard – but so is acquiring an old oneVictoria Cruises Line chartered its residential ship of choice.

Persons: —, Alister Punton, Brodosplit, Punton, Mike Kasperzak, Fares, Mikael Petterson Organizations: Service, Cruises Line, Residences, Brodosplit, Victoria Cruises Line, Victoria Cruises, Holland America Line's, Sea Cruises, Cruises, Miray Cruises, Villa Vie Residences Locations: Croatian

☆ Why a retiree planning to pay $1 million to live on a luxury cruise ship changed his mind: "Is this going to happen in my lifetime?'
▼ + stars: | 2023-11-17 | by ( Brittany Chang | Kate Taylor | ) www.businessinsider.com time to read: +3 min

A 70-year-old buyer has asked Storylines to refund his deposit for a $1 million condo on the MV Narrative. The startup has delayed the launch of its residential ship from 2019 to December 2026. At the time, it seemed like he had found the answer through a Facebook ad for Storylines and its luxurious $900 million residential cruise ship . AdvertisementStorylines is selling condos aboard the future MV Narrative for between $1 million to $8 million. Nine former employees, consultants, and investors told Business Insider they question if the MV Narrative will ever exist beyond renderings.

Persons: —, Mike Kasperzak, Kasperzak, he's, Alister Punton, I'm Organizations: Service, San Francisco Bay Area, Business Locations: San Francisco Bay

☆ Storylines Residential Cruise Faces Backlash From Investors, Ex-Employees
▼ + stars: | 2023-11-01 | by ( Kate Taylor | Brittany Chang | ) www.businessinsider.com time to read: +31 min

Storylines' first cruise ship was initially scheduled to launch in 2019; it's now set for December 2026. Nine former employees, consultants, and investors told Insider that they'd come to doubt the MV Narrative would ever be built. The only existing residential cruise ship is The World. Many Storylines buyers remain optimistic about the residential cruise ship. "The ball is in your court," Punton told buyers in July in a video that's since been taken down.

Persons: Alister Punton, Punton, Shannon Lee, Mike Kasperzak, Jim Holt, Holt, Angela Nuran, Paul Cosentino, Cosentino, We're, Lee, it's, Alexandre Caillol, Condé, superyachts, Sean Fremder, Weeks, Caillol —, —, Marco Polo —, PitchBook, Alexandra Zodian —, Caillol, Michael Edwards, Edwards, he'd, Martin Buggy, Melissa Edyvean, Edyvean, Paul Read, Salvatore R, Mercogliano, Pat Helmers, Helmers, Michael Perisi, Andrew Lentz, didn't, Lentz, Wrocław . Lentz, Andrew, I'm, Lee ., Dick Rosman —, Lee —, Krzysztof Kontek, Kontek's, Michal Jackiewicz, Brodosplit, Brian Martin, Read, Nuran, We've, he's, New Zealand —, Kasperzak, " Lentz Organizations: Punton, Army, West —, Industry, CNN, Brodosplit, Regent Seven Seas, Wall Street Journal, Korea's Samsung Heavy Industries, Utopia, Beverly Hills, Rock City, The Raiders, Raiders, Holland America's, Mariners, New Zealand Locations: massages, Croatian, Beverly, Punton, Queensland, Australia, Broadbeach, California, Rock, Brisbane, Netherlands, Caillol, Polynesia, French Polynesia, France, London, Australian, British, Delaware, Sweden, Tahiti, Perth, Ecuador, Poland, Wrocław, Mexico, Florida, New

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