Australian Billionaire Claims to be Building Titanic II

According to reports from Australia, mining billionaire Clive Palmer has announced intentions to build a modern version of the Titanic, to be named Titanic II.

He is quoted as saying he has commissioned a Chinese company to build the ship, with the same dimensions as the original liner, but with modern luxuries.

The long-shot project would make its maiden voyage in late 2016.

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