Australian mining entrepreneur Clive Palmer has today
unveiled blueprints for Titanic II, a modern replica
of the doomed ocean liner, although he stopped short of
calling the vessel unsinkable.
The ship will largely recreate the design and decor of the
fabled original, with some modifications to keep it in line
with current safety rules and shipbuilding practices, and the
addition of some modern comforts such as air conditioning,
Palmer said at a press conference in New York.
The three passenger classes, however, will be prevented from
mingling, as in 1912, Palmer said.
"I'm not too superstitious," Palmer said when asked whether
recreating a ship best known for sinking was tempting fate.
White Star Line, the operator of the original ship, had said
the Titanic was designed to be unsinkable. Some 1500 people
died on Titanic's maiden voyage in 1912 from Southampton to
New York after the ship collided with an iceberg in the North
Palmer, who created the company Blue Star Line last year,
declined to make a similar boast.
"Anything will sink if you put a hole in it," Palmer said. "I
think it would be very cavalier to say it."
Unlike the original, Titanic II will have more than
enough space in its lifeboats for every person on board and
will have additional escape staircases. Markku Kanerva, sales
director at Deltamarin, the Finnish company designing the
ship, said it would be the "safest cruise ship in the world."
Palmer declined to answer questions about the project's cost.
Although the Titanic was the world's largest ship in her
time, she would be smaller than many of today's modern cruise
"It's not about the money," Palmer said. "I've got enough
money for it, I think that's all that matters."
Forbes estimated Palmer's net worth to be $795 million in
2012. He describes himself as a billionaire.
Titanic II will be built by Chinese state-owned CSC
Jinling Shipyard, which is already building four ore carriers
for Palmer's mining business, he said.
The contract to build Titanic II has not yet been
signed, Palmer said.
"Oh, probably next week, something like that," Palmer said,
when asked when that would happen. "Most things I say I'll do
He hoped construction would begin later this year, and that
the maiden voyage, recreating the trans-Atlantic crossing of
the original, would take place in 2016, he said.
"But if it takes longer, it takes longer," he said. "But
we'll do it. We've got a big pile of money."
Jaime Katz, an analyst who tracks the cruise industry, said
Titanic II may find it difficult to compete with
established cruise lines, particularly the economies of scale
of their larger fleets.
She said the Titanic II could be marketed to wealthier
passengers and could draw repeat business by varying its
routes rather than focusing on trans-Atlantic crossings.
"People are going to be really cautious or superstitious
regarding getting on a second version of the Titanic,
or it could be a really compelling idea for history buffs who
really want to live the story or the legend behind it," Katz
"There's an audience for all sorts of cruises," she said.
Titanic II will operate as a cruise ship, and
passengers will find 1912-style clothing in their rooms
should they wish to dress up and pretend they are living in
an earlier era as they visit facsimiles of the original
gilded first-class dining and smoking rooms, if they have the
Although the classes will be kept largely separate, Palmer
said he was considering offering ticket packages that would
allow passengers to experience all three classes during a
typical six-day Atlantic crossing.
Prices for the tickets will be announced later.
Helen Benziger, a descendant of Titanic survivor Margaret
Brown, better known as the Unsinkable Molly Brown, said at
the press conference that the ship would be a chance to
experience the sort of grace and civility she said was
sometimes lacking in the modern world.
"I think it's a chance to go back in time," said Benziger,
who has joined the project's advisory board.
Palmer said he plans to travel in third class on Titanic II's
"I'll be looking forward to it as you bang the drum and play
the fiddle, twirling around like Leonardo does," he said,
meaning actor Leonardo DiCaprio, in one of the repeated
references he made to the 1997 James Cameron film