Over a 100 years ago the most famous of all shipwrecks the RMS Titanic sunk to the bottom of the Atlantic ocean on its way to New York City from Southampton, UK. An Australian Billionaire has came out and said that he would be running some operations to get a replica running Titanic built.

Mr. Clive Palmer has said that his new ship should be ready to set sail by 2016. Over 1500 people died that night with only around 700 being saved from the original ship. Mr. Palmer wants the Titanic II to be more safer, but stay as luxurious as the original.

State-of-the-art 21st-century technology and the latest navigation and safety systems, plus a diesel electric engine will powering the ship.  More lifeboats are expected to be on hand, so in case a disaster strikes, more people could be saved unlike the original Titanic.