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HUBRIS Billionaire Set to Build Titanic II AP Photo

Billionaire Set to Build Titanic II

Some people never learn. Australian billionaire Clive Palmer announced Monday that he plans to build a replica of the Titanic and set it on a course from England to New York in 2016. The announcement comes weeks after the centennial of the sinking of the original doomed vessel. “It will be every bit as luxurious as the original Titanic,” Palmer told reporters, but “will have state-of-the-art 21st-century technology and the latest navigation and safety systems.” Palmer said he’s already signed documents with Chinese builder CSC Jinling Shipyard to build the fate-tempting vessel, the first of four luxury cruise ships Palmer wants to build with the company.

April 30, 2012 7:15 AM