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QE2 ocean liner will become a luxury hotel

The Middle Eastern country of Dubai will spend another $90 million to refurbish the ocean liner QE2 before it steams out of the emirate in October to be moored in Asia as a 400-room luxury hotel, its new owners say.

The QE2, launched more than 40 years ago by Britain's Queen Elizabeth, will be owned by a consortium of investors under a Dubai-based entity called QE2 Shipping, the new company chairman Khamis Juma Buamim said at a press conference.

"We are going to do what we think is right as this is our ship but we won't scrap it and we won't destroy it," Buamim said. "This is a piece of history. We are going to deliver the project in a timely manner," he added.

Click here for the full report by The Maritime Executive.