RMS Queen Elizabeth was sold to the city of Long Beach, California. "Queen Elizabeth" was sold to a succession of buyers, most of whom had unsuccessful plans for her. Finally "Queen Elizabeth" was sold to Hong Kong businessman Tung Chao Yung, who intended to convert her into a floating university cruise ship called Seawise University. In 1972, while undergoing refurbishment in Hong Kong harbour, fire broke out aboard under unexplained circumstances and the ship was capsized by the water used to fight the fire. In 1973, the wreck was deemed an obstruction to shipping in the area, and so was partially scrapped where
Queen Elizabeth Walk the promenade quickly became a favourite place for an evening stroll. From there, strollers could catch the sea breeze, admire hundreds of ships in the harbour with their colourful fluttering flags and eat freshly barbecued satay at the Satay Club, which consisted of a collection of seafront hawker stalls. Today, the Queen Elizabeth Walk refers to the stretch of promenade by Marina Bay within the Esplanade Park. The Satay Club has moved to Clarke Quay and become a tourist attraction. The sea view at the walk, however, is now obscured by both the Esplanade Theatres on the Bay and the