Australian billionaire to build Titanic-II

Sydney: Clive Palmer, one of Australia's richest men, has commissioned a Chinese state-owned company to build a 21st Century version of the Titanic.The mining billionaire told Australian media that construction will start at the end of next year while it would be ready to set sail in 2016.The plan, he added, is for the vessel to be as similar as possible to the original Titanic in design and specifications, but with modern technology.Palmer told Australian media that he had signed a memorandum o... more

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