Reuters - Video

EDITION: U.S. | U.K. | IN

Business

Australian billionaire plans new Titanic

Monday, Apr 30, 2012 - 01:46

April 30 - Mining and tourism magnate, Clive Palmer, launches venture to build a 21st Century Titanic, and his political career. Joanne Nicholson reports.

▲ Hide Transcript

View Transcript

Commemorations to mark a hundred years since the Titanic sank, have been plentiful lately. But none have been on as grand a scale as the idea of one Australian billionaire businessman. Clive Palmer, a tourism and mining magnate from Queensland, plans to build a 21st century version of the ill-fated vessel. (SOUNDBITE)(English) AUSTRALIAN MINING AND TOURISM BILLIONAIRE CLIVE PALMER SAYING: "We think it will be a great achievement, it'll also be a great tribute to the people who designed the original Titanic. It was certainly their intention that their work and the skills and their endeavours survived into the future and we think we've got a vested interest in ensuring that it survives into the next century. The ship will be constructed other than from the technology, the bow line, on the same plans as the original ship as far as layouts go, room decor and finish so people will be able to realise what sort of luxury and what was around in 2012." Some may be too superstitious to sail in identical surroundings to the 1500 who died when their ship hit an iceberg in 1912. But Palmer reckons there will be interest because there was a surge in cruising after the James Cameron movie came out 15 years ago. He's now hooked up with the Chinese state-owned company CSC Jinling Shipyard to build the liner. He hopes it will be ready for a maiden voyage from England to North America - the original route - in 2016. Palmer's newly formed company, the Blue Star Line, isn't his only new project - he's also announced his intention to stand in a federal election for the seat held by Australia's deputy Prime Minister. Some might say that's a challenge of even more titanic proportions. Joanne Nicholson, Reuters

Australian billionaire plans new Titanic

Monday, Apr 30, 2012 - 01:46

Top News »

Investing 201 »

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

The better bond funds The better bond funds

Wed, Aug 07, 2013 - (2:40)

Best bargain in 40 years? European stocks Best bargain in 40 years? European stocks

Thu, Aug 01, 2013 - (2:24)

Invest like an activist Invest like an activist

Fri, Jul 26, 2013 - (2:49)

Money Clip »

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

“Stalking” your dream home - Money Clip “Stalking” your dream home - Money Clip

Wed, Mar 27, 2013 - (2:50)

3 hidden tax deductions - Money Clip 3 hidden tax deductions - Money Clip

Thu, Mar 21, 2013 - (1:33)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)