April 30, 2012
Updated Apr 30, 2012 at 1:58 PM EDT
AUSTRALIA (Dailymail) - An Australian billionaire has announced plans to build a replica of the Titanic that will make its maiden voyage from England to New York in 2016.
Weeks after the 100th anniversary of the sinking of the cruise liner, Clive Palmer said he had signed a memorandum of understanding with state-owned Chinese company CSC Jinling Shipyard to build the Titanic II.
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