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Australian billionaire plans to build near replica of the Titanic
Brisbane QLD, Australia

Mon Apr 30, 2:21 p.m. AEST: The Sydney Morning Herald reports that Australian billionaire mining magnate Clive Palmer has unveiled plans to build the Titanic II.

Palmer said his new company Blue Star Line Pty Ltd had commissioned the state-owned Chinese company CSC Jinling Shipyard to build a near replica of the ill-fated Titanic in China. The cost is unknown.

The ship's maiden voyage from England to North America is scheduled for late 2016.

Read more: http://www.smh.com.au/business/clive-palmer-plans-to-build-titanic-ii-20120430-1xtrc.html

Photo: The Titanic (+The Associated Press)

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