Overview

• Australian billionaire Clive Palmer announces plans to build Titanic II, aiming for a 2027 launch.
• The replica aims to be 'far superior' to the original, with a cost estimated between $500 million and $1 billion.
• Palmer's previous attempts in 2012 and 2018 were stalled, but he now seeks to re-engage partners and find a shipbuilder by year's end.
• Titanic II will replicate the original's voyage from Southampton to New York, with nearly half of its rooms reserved for first-class passengers.
• Palmer, with a net worth of $4.2 billion, dismisses skepticism and emphasizes the project's potential for promoting peace.