The new 92,000-ton liner, to be named ‘Queen Elizabeth' is scheduled to enter service in the autumn of 2010. Cunard signed an agreement with Italian shipbuilder Fincantieri for the construction of the new 2092-passenger ocean liner, which was built in the Monfalcone yard at an all-in cost of approximately €500 million. The vessel will be the second largest Cunarder ever built. Queen Elizabeth offers the very best of Cunard's values and traditions, blended with every conceivable modern luxury that you, our guests, expect. Through her opulent public rooms and impeccable service, the new ship will reflect the grandeur which has been associated with Cunard ships since the introduction of the Mauretania in 1907; and from the outside, her black hull, gleaming white superstructure and distinctive red funnel will echo the classic characteristics of the company's distinctive liner heritage. Queen Elizabeth will fly the Red Ensign with her home-port Southampton, as is the case with the other ships in the Cunard fleet.