A memorial was established outside of Mr. Tung's headquarters in Torrance, California following the liner's destruction. It incorporated one of her massive anchors as well as a "Q" and "E" from her bow letters. A similar monument was put up in New York City and utilized the other set of letters.
The loss of any ship is tragic; especially one as beautiful and historically significant as the Queen Elizabeth. She lives on, however, in the hearts and minds of those who sailed aboard her; as well as those who wish they could have.