Titanic II to be Built

Just weeks after the 100th anniversary of the sinking of the Titanic, Australian billionaire Clive Palmer announced his plans to build a modern-day replica of the Titanic, naming it Titanic II.

Mr. Palmer has already signed an agreement with the Nanjing-based CSC Jinling Shipyard to build the ship as part of a planned fleet of four luxury liners.  It is scheduled to be completed by 2016, when it will sail it's maiden voyage from England to New York, just as the original Titanic was scheduled to do. Titanic II will be "just as luxurious as the original Titanic", but with "state-of-the-art-21st century tchnology and navigation and safety systems", Palmer said. 

The new Titanic will have identical dimensions to the orginal, will feature nine decks, 840 state rooms, fitness centers, swimming pools, libraries, and restaurants.