Australian billionaire to build Titanic II

One of Australia's richest men, Clive Palmer, on Monday 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.

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," 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.

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.

Titanic was commissioned by White Star Line and was the largest liner in the world at the time.

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 (885 feet), 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.

"Titanic II will be the ultimate in comfort and luxury with on-board gymnasiums and swimming pools, libraries, high class restaurants and luxury cabins," Palmer said.

The ship would also include an exhibition room which will be located in the space of the original's coal boilers which will showcase his home state of Queensland.

Palmer is estimated to be Australia's fifth richest person, worth more than Aus$5 billion (US$5.2 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 Limited.

His decision to commission a Chinese shipbuilding yard, which will also construct other luxury liners for the tycoon, reinforces his ties to the country, which is a key buyer of his coal and iron ore.

"The Chinese are renowned for building commercial cargo and container ships," he said.

"China currently produces around two to three percent of the world's luxury ships but is looking to challenge the Europeans who have around 75 percent of this market.

"The Chinese ship building industry with our assistance wants to be a major player in this market."

The original Titanic was built in Belfast.

Loading...

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • The Top 10 Richest People In The Philippines 2015
    The Top 10 Richest People In The Philippines 2015

    Things have changed since Forbes’ list of The World’s Billionaires was released in 2014. This 2015, there have been a … The post The Top 10 Richest People In The Philippines 2015 appeared first on iMoney.ph. …

  • Phl aviation has met int’l safety standards – CAAP
    Phl aviation has met int’l safety standards – CAAP

    The Civil Aviation Authority of the Philippines (CAAP) said that the country’s aviation has met international safety standards and is currently being reviewed by the European Union. Members of the EU delegation recently made a courtesy call on CAAP Director General William Hotchkiss III. Beda Badiola, CAAP’s Flight Standards and Inspectorate Service chief, said all air carriers in the country have followed regulations that the agency was able to oversee properly according to standards. “They …

  • Absence of full-time PNP chief affecting police services
    Absence of full-time PNP chief affecting police services

    Despite the pronouncement of the leadership of the Philippine National Police that it’s business as usual, some basic services are undeniably affected by the absence of a full-time PNP chief, particularly the issuance of gun permits. The PNP had deferred the issuance of permits to carry firearms outside residence (PTCFOR) since Dec. 3, a day before the Office of the Ombudsman slapped a six-month suspension on former PNP chief Director General Alan Purisima, who is facing plunder charges. …

  • Expanded Phl-US war games start today
    Expanded Phl-US war games start today

    The Philippines and the United States will kick off today this year’s Balikatan military exercises amid concerns over China’s reclamation activities in disputed areas in the West Philippine Sea. More than 11,000 Filipino and American troops will join the drills to be held simultaneously in different locations until April 30. …

  • Budol-budol, dugo-dugo scams now online
    Budol-budol, dugo-dugo scams now online

    Authorities warned the public yesterday to be more careful in dealing with people they meet online as the “budol-budol” and “dugo-dugo” gangs have expanded their deceptive operations on social media. Senior Inspector Robert Reyes, assistant chief of the Philippine National Police’s Anti-Cybercrime Group (ACG) investigation section, said online financial fraud is one of the emerging forms of scams in the country. Reyes said scam operators are looking for prospective victims online through …

  • Noy wants next PNP chief to serve beyond his term
    Noy wants next PNP chief to serve beyond his term

    President Aquino is inclined to name a new Philippine National Police (PNP) chief who can serve beyond the 2016 elections. Speaking to reporters at the Tarlac National High School before the weekend, Aquino said he was bewildered by the amended PNP Act that requires all deputies of the PNP chief to serve or stay at least one year in his post. Among the contenders for PNP chief are Deputy Director General Marcelo Garbo Jr., suspended Chief Superintendent Raul Petrasanta and Director Juanito …

  • ‘Stronger global action sought on China moves’
    ‘Stronger global action sought on China moves’

    Stronger international action is needed to counter China’s rapid reclamation activities in the West Philippine Sea, Speaker Feliciano Belmonte Jr. said yesterday. Belmonte noted that statements of condemnation from global powers on the continued encroachment of China in the disputed waters have been ineffectual. He added that China’s blatant expansion activities are making the problem not just a regional security problem, but a global one. “China is obviously violating our territory in front …

  • MILF refusal to surrender fighters jeopardizing talks
    MILF refusal to surrender fighters jeopardizing talks

    Leaders of the House of Representatives renewed their call yesterday to the Moro Islamic Liberation Front (MILF) to surrender its fighters allegedly involved in the killing of 44 police commandos in Mamasapano, Maguindanao last Jan. 25. Leyte Rep. Ferdinand Martin Romualdez, leader of the House independent bloc, said the continued refusal of MILF leaders to turn over their men is causing the further erosion of support for the proposed Bangsamoro Basic Law (BBL) in Congress. “I hope the MILF …

POLL

Should Aquino be held accountable over the Mamasapano operations?

Loading...
Poll Choice Options