Clive Palmer, one of Australia's richest men, has commissioned a Chinese state-owned company to build a 21st Century version of the Titanic.
The mining billionaire told Australian media that construction would start at the end of next year. It would be ready to set sail in 2016.
The plan, he added, was for the vessel to be as similar as possible to the original Titanic in design and specifications, but with modern technology.
"It will be every bit as luxurious as the original Titanic but of course it will have state-of-the-art 21st Century technology and the latest navigation and safety systems," he said in a statement.
This can only end well.
