One of Australia’s richest men, Clive Palmer, yesterday unveiled plans to build a 21st century version of the doomed Titanic in China, with its first voyage from England to New York set for 2016.

...maiden voyage... is scheduled for late 2016

Mr Palmer, a self-made mining billionaire, said he had commissioned state-owned Chinese company CSC Jinling Shipyard to construct Titanic II with the same dimensions as its predecessor.

“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,” Mr Palmer said in a statement.

“Titanic II will sail in the northern hemisphere and her maiden voyage from England to North America is scheduled for late 2016.”

He added that he had invited the Chinese navy to escort the Titanic II to New York.

The announcement comes just weeks after the 100th anniversary of the sinking of Titanic, which went down on April 15, 1912 after striking an iceberg on its first voyage, from Southampton to New York.

Mr Palmer said the new ship would be a tribute to the spirit of the men and women who worked on the original, which sank with the loss of 1,514 passengers and crew.

“These people produced work that is still marvelled at more than 100 years later and we want that spirit to go on for another 100 years,” he said.

Mr Palmer said he has established his own shipping company, Blue Star Line, with the new vessel having the same specifications as its predecessor − 270 metres long, 53 metres high and weighing some 40,000 tonnes.

It will have 840 rooms and nine decks with design work in conjunction with an historical research team underway. No figure was given on how much it would cost.

The only changes to the original would be below the water line including welding and not riveting, a bulbous bow for greater fuel efficiency, diesel generation and enlarged rudder and bow thrusters for increased manoeuvrability.

Mr Palmer is estimated to be Australia’s fifth richest person, worth more than AU$5 billion (€3.9 billion), thanks to his vast coal and other mining assets in Queensland and Western Australia.

He has also branched out into tourism and owns the luxury Coolum resort on the Sunshine Coast, while recently saying he wants to move into the media industry, a sector dominated by Fairfax and Rupert Murdoch’s News Ltd.

The mogul yesterday also said he hopes to run against Treasurer Wayne Swan in national elections, escalating a fiery war-of-words between the government and the outspoken mogul.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.