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Australian Billionaire Commissions 'Titanic II'

by Mary Swire, Tax-News.com, Hong Kong

02 May 2012


Australian billionaire Clive Palmer has commissioned a Chinese government-owned shipyard to construct a replica of the ill-fated RMS Titanic, 100 years after the ship sank around 375 miles south of Newfoundland, Canada.

Palmer - Australia's fifth wealthiest person - has said that 'Titanic II' would use the designs of its predecessor but would incorporate modern technology to ensure safe passage across the Atlantic, with its maiden voyage pencilled in for 2016.

Like the 270m (882ft) RMS Titanic, the vessel will house 840 rooms over nine floors, and feature four funnels although these will not be operational and just be present to retain RMS Titanic's appearance. Titanic II would cater for around 1,700 guests, below standard occupancy for modern-day cruise liners. Chinese state-owned shipyard Blue Star Line is to carry out the build, with the assistance of historians.

The plans were announced just weeks after the 100th anniversary of the sinking of the RMS Titanic on April 15, 1912. Over 1,500 of the 2,223 passengers and crew onboard were lost at sea after the vessel's collision with an iceberg.

TAGS: marine

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