Australian billionaire Clive Palmer speaks during a news conference about his intention to build the Titanic II in New York, Tuesday, Feb. 26, 2013. Palmer is planning to build the ship

 

              Australian billionaire Clive Palmer speaks during a news conference about his intention to build the Titanic II in New York, Tuesday, Feb. 26, 2013. Palmer is planning to build the ship
Australian billionaire Clive Palmer speaks during a news conference about his intention to build the Titanic II in New York, Tuesday, Feb. 26, 2013. Palmer is planning to build the ship in China and it is scheduled to sail in 2016. (AP Photo/Seth Wenig)