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 Islands Harbour on Devon Island and Craig Harbour on Ellesmere Island. Until 1999, the Queen Elizabeth Islands were part of the Baffin Region of the Northwest Territories. With the creation of Nunavut in 1999 all islands and fractions of islands of the archipelago east of the 110th meridian west became part of Qikiqtaaluk Region of the new territory, which was the major portion of the archipelago. The rest remained with the now-reduced Northwest Territories. Borden Island, Mackenzie King Island and Melville Island were divided between the two territories. Prince Patrick Island, Eglinton Island and Emerald Island are the only notable islands