NO to Captains Cocktail Party, but most people wear smart casual in the evening you will have a good tim.
Sorry Mrs Vale - you are out of luck. Ocean Village has lured this mostly-first-time-type passenger by "tearing up the cruising rule book" and appealing to the "Dress Down Friday" generation. The go-getting "Dress Down" generation is in favor (or so Ocean Village fervently hopes) of casual dress, sporty activities, eating-when-you-please, stand-up comics and rock concert-style entertainment. Casual is the order of the day on Ocean Village; none of its restaurants have dress codes (though most passengers dress respectably when coming indoors). There are no formal evenings, so these cruises are heaven for those who like to travel light. Sounds ghastly to me as I enjoy dressing up - we do it so rarely these days.
When we were on the OV2 in September, nearly all the ladies dressed up [cocktail dresses, sparkly tops with trousers and skirts etc] and most of the men made some kind of effort to be smart.
Unfortunately it is a true, Ocean Village have no dress code and there are no formal evenings or Captains Cocktail Parties. We have cruised with Ocean Village on numerous occasions and ALWAYS dress up for dinner even when we have eaten at Plantations and the Waterfront . Just because others couldn't be bothered to make any effort, don't let that impact upon how you and your wife want to dress.