Australian billionaire Clive Palmer plans to build a
21st-century replica of the Titanic and sail it from England to New York
accompanied by the Chinese navy by the end of 2016.
Palmer has signed a first-stage agreement with Nanjing-
based CSC Jinling Shipyard to build the ship as part of a planned fleet of
luxury liners, the Gold Coast, Queensland-based businessman said in an e-mailed
statement today. Palmer’s investments include property developments, coal and
iron-ore mining projects, a nickel smelter, a soccer team and a horse stud.
“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,” said Palmer, 58. “We have invited the
Chinese navy to escort Titanic II on its maiden voyage to New York….”
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