Reent report from the Yahoo group dedicated to the ocean liner S.S. Rotterdam, which is presently in Gibraltar, being refitted for cruise ship service:

While the s.s. Rotterdam is lying in the shade of the Rock of Gibraltar, a confusing situation around finance and ownership has occurred in Rotterdam. According to newsreports the city of Rotterdam is investigating the situation. The Rotterdam 'Havenbedrijf' (Harbour Company), presumably the present owner of the s.s. Rotterdam, has decided to continue the necessary works. Nevertheless, a new owner for the ship must be found as the Havenbedrijf states that owning and operating a former cruiseship is not appropriate. Clarity is needed very soon, as the aim of the project is still to inaugurate the "Hotel Cruiseship s.s. Rotterdam" in september 2005 at the Maashaven in Rotterdam.
The Steamship Rotterdam Foundation supports this favourable project. Our trust in it is solid as a rock!

Background info on the ship:

http://www.unofficial.net/hal/rotter.html