Titanic II to set sail in 2016

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 original Titanic, Clive Palmer announced he had signed a memorandum of understanding with state-owned Chinese company CSC Jinling Shipyard to build the Titanic II.