Dubai's QE 2 Holdings Ltd. chairman, His Excellency Khamis Juma Buamim, sets out his company's vision of a new life for the veteran cruise liner – as a hotel ship – in his speech to dignitories. Outlining the work that has been completed, the chairman provided details of the transfer of ownership of the vessel to a new entity called QE2 Shipping LLC, based out of & owned by Dubai & that all necessary registry documentation with the flag state on the ownership of the vessel had been completed.