Aussie magnate to build Titanic replica

An Australian billionaire said Monday he’ll build a high-tech replica of the Titanic at a Chinese shipyard and its maiden voyage in late 2016 will be from England to New York, just like its namesake planned.

Weeks after the 100th anniversary of the sinking of the original Titanic, coal mining magnate Clive Palmer announced he has signed an agreement with a state-owned Chinese company to build the Titanic II.

“It will be every bit as luxurious as the original Titanic, but … will have state-of-the-art 21st-century technology and the latest navigation and safety systems,” Palmer said in a statement.

The diesel-powered ship will have four funnels like the coal-powered original, but they will be purely decorative. The most obvious changes from the original Titanic would be below the water line, including welding rather than rivets and an enlarged rudder.

Associated Press

Talk to us

> Give us your news tips.

> Send us a letter to the editor.

> More Herald contact information.

More in Business

x
Peoples Bank announces new manager for Edmonds branch

Sierra Schram moves from the Mill Creek branch to the Edmonds branch to replace Vern Woods, who has retired.

Sultan-based Amercare Products assess flood damage

Toiletries distributor for prisons had up to 6 feet of water in its warehouse.

Senator Marko Liias speaks at the ground breaking of the Swift Orange Line on Tuesday, April 19, 2022 in Lynnwood, Washington. (Olivia Vanni / The Herald)
The Transportation Committee Chairman says new jobs could be created fixing roads and bridges

Senator Marko Liias, D-Edmonds, wants to use Washington’s $15 billion of transportation funding to spur construction jobs

Lynnwood Police Officers AJ Burke and Maryam McDonald with the Community Health and Safety Section Outreach team and City of Lynnwood’s Business Development Program Manager Simreet Dhaliwal Gill walk to different businesses in Alderwood Plaza on Wednesday, June 25, 2025 in Lynnwood, Washington. (Olivia Vanni / The Herald)
Lynnwood advocate helps small businesses grow

As Business Development Program Manager for the city of Lynnwood, Dhaliwal Gill is an ally of local business owners.

Kelsey Olson, the owner of the Rustic Cork Wine Bar, is introduced by Port of Everett Executive Director Lisa Lefebar on Dec. 2, 2025 in Everett, Washington. (Olivia Vanni / The Herald)
Rustic Cork Wine Bar opens its doors at the Port of Everett

It’s the first of five new restaurants opening on the waterfront, which is becoming a hotspot for diners.

Wide Shoes owner Dominic Ahn outside of his store along 205th Street on Nov. 20, 2025 in Edmonds, Washington. (Olivia Vanni / The Herald)
Edmonds shoe store specializes in wide feet

Only 10% of the population have wide feet. Dominic Ahn is here to help them.

Penny Clark, owner of Travel Time of Everett Inc., at her home office on Nov. 21, 2025 in Arlington, Washington. (Olivia Vanni / The Herald)
Arlington-based travel agency has been in business for 36 years

In the age of instant Internet travel booking, Penny Clark runs a thriving business from her home office in suburban Arlington.

Sound Sports Performance & Training owner Frederick Brooks inside his current location on Oct. 30, 2025 in Lynnwood, Washington. (Olivia Vanni / The Herald)
Lynnwood gym moves to the ground floor of Triton Court

Expansion doubles the space of Sound Sports and Training as owner Frederick Brooks looks to train more trainers.

The Verdant Health Commission holds a meeting on Oct. 22, 2025 in Lynnwood, Washington. (Olivia Vanni / The Herald)
Verdant Health Commission to increase funding

Community Health organizations and food banks are funded by Swedish hospital rent.

The entrance to EvergreenHealth Monroe on Monday, April 1, 2019 in Monroe, Wash. (Andy Bronson / The Herald)
EvergreenHealth Monroe buys medical office building

The purchase is the first part of a hospital expansion.

The new T&T Supermarket set to open in November on Oct. 20, 2025 in Lynnwood, Washington. (Olivia Vanni / The Herald)
TT Supermarket sets Nov. 13 opening date in Lynnwood

The new store will be only the second in the U.S. for the Canadian-based supermarket and Asian grocery.

Judi Ramsey, owner of Artisans, inside her business on Sept. 22, 2025 in Everett, Washington. (Olivia Vanni / The Herald)
Artisans PNW allows public to buy works of 100 artists

Combo coffee, art gallery, bookshop aims to build business in Everett.

Support local journalism

If you value local news, make a gift now to support the trusted journalism you get in The Daily Herald. Donations processed in this system are not tax deductible.