"Dubai World" + QE2

[ChasB46]

Reported today that Dubai World has debts of $60billion. Now, what future plans for QE2?

[Kelvin Davies]

Never mind the QE2; what future for Southampton container port and P & O?
They own both of those (plus a few other ports etc)
Kelvin

[Ship's Cat]

I had forgotten they owned those.

As for the QE2, they might want to cut their losses and sell her, either for use elsewhere, whatever that 'use' may be or - not a nice thought, but one that has to be considered - to the breakers. :-(
Time will tell.

[Jens Boldt]

According to German TV news the $60 billion dollars stand for 3/4 of Dubai's whole national debt.
The German stock exchange at Frankfurt temporarily lost 2% as Porsche and Daimler Benz got major shareholders from the region.

I fear that the future of QE2 will be the last thing on their mind. I very much doubt that the plans they had for her at Dubai will now be put into effect...

[ChasB46]

Subsequently, today the Govt. of Dubai has said DP World is considered the best assets within the Dubai World conglomerate and is not included in the restructuring process for Dubai World.

[David Harrison]

Banks and investors involved in the financial crisis surrounding Dubai World are seeking legal advice regarding their rights over the company's trophy assets - including the QE2.