Australian billionaire wants to build Titanic II

The BBC are reporting that Australian billionaire Clive Palmer wants to build a copy of the Titanic.

He has believed to have agreed with the Chinese state owned shipyard CSC Jinling to build the ship which he hopes will set sail in 2016.

In a statement Mr Palmer said

It will be every bit as luxurious as the original Titanic but of course it will have state-of-the-art 21st Century technology and the latest navigation and safety systems


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