In April 2012, Australian mining billionaire Clive Palmer unveiled plans to build Titanic II, a near-to-scale seaworthy replica of the original liner, with an estimated cost of $500 million.

Palmer announced in March 2024 that plans were being finalized, but in August of the same year it was reported that Harland & Wolff – the shipyard that built the original Titanic – had turned down Palmer’s offer to construct the vessel, casting fresh doubt on the project's future.

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