Aboard the Intrepid in Manhattan on Tuesday, Professor Clive Palmer, along with representatives from Finnish marine consultant Deltamarin, announced the Titanic II project was taking shape and the official signing of a construction contract with a Chinese shipyard could happen as soon as next week.
Palmer and Blue Star Line currently have a memorandum of understanding with CSC shipyard for the 2,435-passenger vessel.
The ship, built as a modern version to the original specs, but meeting current SOLAS rules, will be run under the Blue Star Line, the cruise company created by mining tycoon Palmer to operate the Titanic II.
“We will complete the original journey and sail into New York,” said Palmer, at a packed press conference, who added that over 40,000 people have registered for updates to buy tickets online.
As far as financing goes, Palmer dodged questions on the price of the project, but stressed he was using his own money. The yard, CSC, is also building four 60,000-ton bulk carriers for the Australian billionaire.
“I’m not going to divulge cost, this is not about money, I can pay for this,” he said, adding: “We have a big pile of money and will keep spending it until we get there.”
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