The M/S Explorer is now lying on its side close to the South Shetland Islands, in the Antarctic Ocean.
Gap Adventures, which owns the ship, said 91 passengers, nine guides and 54 crew members were safely evacuated to lifeboats and then to another ship.
After staying the night at a base on a Chilean island, they are expected to fly to Chile's mainland on Saturday.
The M/S Explorer is now lying on its side close to the South Shetland Islands, in the Antarctic Ocean.