Flamboyant Australian tycoon Clive Palmer unveiled his plan Tuesday for building a perfect replica of the Titanic -- plus a lot of extra lifeboats.
Australian mining tycoon Clive Palmer unveils plans for a "Titanic II" cruise ship at the Intrepid Sea, Air & Space Museum on February 26, 2013 in New York City. Palmer said Titanic II would sail on her maiden passenger voyage from Southampton to New York in late 2016.
More than a century after the original, supposedly unsinkable ocean liner hit an iceberg and went down in the North Atlantic, Palmer says he thinks the time has come to complete the unfinished journey to New York.
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