Virgin Voyages' Resilient Lady was launched in Australia and the Pacific with much fanfare just a few months ago.
But Virgin has made the decision to withdraw Resilient Lady from its Australian deployment in 2024-25, Cruise Weekly reported.
The cruise line said concerns about potential escalations in the Red Sea region over the next 12 months were the reason, but some industry experts expressed scepticism.
Virgin said events in the Middle East had made conditions for repositioning to Australia too unsafe - but there are other ways to get a boat to the southern hemisphere.
The cruise line had originally committed to a second season in Australia.
"To say that we are disappointed to have come to this tough conclusion is an understatement," Virgin said in a statement.
The cruise line said it is currently working through options to return to Australia and the Asia Pacific region once repositioning opportunities become more tenable.
Instead, the ship will relocate from Europe in late 2024 to San Juan, Puerto Rico, for a new Caribbean season offering 7, 8, 10 and 11-night voyages.
It will visit St Maarten, St Vincent, Colombia, and Dominica.
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