Palmer to refloat plans for Titanic II

CASHED up Clive Palmer has resurrected his plan to build a replica of the ill- fated Titanic.

Mr Palmer released a statement yesterday as chairman of Blue Star Line, saying the company had recommenced work to build Titanic II to operate on the London to New York route.

Mr Palmer said in London work on the Titanic II project was suspended in 2015 because his flagship company Mineralogy was in dispute with Chinese government- owned Citic over the payment of hundreds of millions of dollars in royalties to Palmer companies.

The Supreme Court last year found in favour of Mineralogy, awarding it $ US150 million, at the time worth about $ 196 million, in unpaid royalties. Mr Palmer was in London to release a video showing the final technical specifications of the ship.

“Blue Star Line will create an authentic Titanic experience, providing passengers with a ship that has the same interiors and cabin layout as the original vessel, while integrating modern safety procedures, navigation methods and 21st century technology to produce the highest level of luxurious comfort,’’ Mr Palmer said.

“Titanic II is a unique project that will generate unprecedented international exposure and public interest.

“The ship will follow the original journey, carrying passengers from Southampton to New York, but she will also circumnavigate the globe, inspiring and enchanting people while attracting unrivalled attention, intrigue and mystery in every port she visits. Blue Star Line will deliver unparalleled global reach for our partners’ brands and products.”