titanic vanity project

titanic vanity project

Despite all the history, all the national pride, and all the big pockets in Australian sailing, we’re constantly confused that no one has been able to come up with the cash to fund an America’s Cup project.  But hey, at least they can build the Titanic!

From Money & Co:

What’s more exciting than James Cameron re-releasing “Titanic” in 3-D? When an even richer man – Australia’s Clive Palmer – tries to bring the ill-fated ship to life. By building a modern replica of it.

The mining billionaire said Monday that he has commissioned CSC Jinling Shipyard, a Chinese state-owned business, to construct a new Titanic from scratch.  “Many people have attempted to do it before but have failed because they didn’t have the buy-in of a shipyard and didn’t have the money to pay for it,” he said.

The vessel will be made in its tragic predecessor’s image – “layouts … room décor and finish,” Palmer said – but will be fitted with newer technology.  The process will start by the end of next year, with the ship set to sail by 2016. The original RMS Titanic sank a century ago, in April 1912.