Titanic II may not be sailing any time soon

Australian tycoon Clive Palmer under investigation
Wealthy adventure seekers looking forward to sailing on the first voyage of Titanic II will have to wait a while longer, as the planned vessel has run into troubled waters.
The idea of Australian tycoon Clive Palmer, the giant ship was supposed by making its maiden voyage by the end of 2016. This was later postponed to 2018. But now even that seems unrealistic.
The plan was for Titanic II to replicate as closely as possible the original Belfast-built luxury ship, which hit an iceberg and sank on its maiden voyage from Southampton to New York in 1912, killing around 1,500 people. But there has been little to no progress on Palmer’s dream.
The new ship was supposed to be built at CSC Jinling shipyards in Nanjing, China, but construction is yet to begin and the most recent update on the Titanic II website was posted in May 2014.
The delay may have something to do with the fact that the Australian Securities and Investment Commission has launched an investigation into Palmer and the collapse of his company Queensland Nickel. The firm owes creditors around $100 million.
Belfast Telegraph / MSN


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