Summary Box: Titanic II to sail in 2016

AP News
Posted: Apr 30, 2012 12:21 PM
Summary Box: Titanic II to sail in 2016

TITANIC UNDERTAKING: Just weeks after the 100th anniversary of the sinking of the Titanic, Australian billionaire Clive Palmer has signed an agreement with a Chinese shipyard to build Titanic II, a high-tech replica of the original. He did not provide a cost estimate.

MISSED THE BOAT: Palmer said previous attempts to build a Titanic replica failed for lack of money. Titanic II is the first of four luxury cruise ships he commissioned.

SMOOTHER SAILING: Titanic II's maiden voyage is set for 2016. It will sail from England to New York, just as its ill-fated namesake planned to do.