Some folks make investments their additional money or put it aside for a wet day, however Australian mining mogul Clive Palmer desires to make use of his billions to recreate the Titanic voyage.
During an occasion on the Sydney Opera House on Wednesday, Palmer, 69, introduced his new plans for the Titanic II mission, which is able to try and rebuild the ship and retrace its unique maiden voyage, minus the tragic ending.
It was the third time Palmer has introduced the mission, which was first unveiled in 2012. Initially, Titanic II was suspended in 2015 over cost disputes. Then it was relaunched in 2018 to set sail in 2022.
Palmer, who Forbes reported has a net worth of US$4.2 billion, blamed the most recent failure on “unforeseen global delays” related to the COVID-19 pandemic.
“The government lockdowns sent the cruise industry into a long-term shutdown but shipping is back in full business with passenger numbers now surpassing pre-COVID levels,” Palmer mentioned in a press launch. “We are getting the best ship-builders, designers and engineers in the world back on deck to build Titanic II.”
Palmer mentioned his firm Blue Star Line now intends to construct the reproduction ship and set sail in June 2027, Australian media reported.
Clive Palmer as he introduced his plans to relaunch the Titanic II on March 13, 2024, in Sydney, Australia.
Blue Star Line
Palmer mentioned his Titanic II will likely be “far, far superior than the original.”
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Still, reporters current as Palmer unveiled his 3D-rendered design plans in Sydney didn’t maintain again their skepticism. When requested why this third try and construct Titanic II would achieve success, Palmer mentioned, “Because I’ve got more money now.”
He intends to recreate the Titanic’s 9 decks with the identical interiors and cabin layouts because the preliminary vessel. Titanic II, in response to Palmer, may even embrace a number of upgrades, particularly “modern safety procedures, navigation methods and 21st-century technology.”
Once constructed, Palmer says, the ship will sail from Southampton, England to New York, simply because the Titanic was supposed to do earlier than sinking within the North Atlantic Ocean. The notorious tragedy led to the deaths of an estimated 1,500 passengers and crew members.
Palmer mentioned he was pushing ahead on the Titanic II mission, partly, over fears that he’ll die having “done nothing,” The Guardian reported.
“So, I could do the Titanic,” he mentioned. “It’s a lot more fun to do the Titanic than it is to sit at home and count my money.”
Palmer mentioned he hopes that by constructing Titanic II, he’ll encourage world peace.
“In 1912 the Titanic was the ship of dreams. For over a century Titanic’s legend has been powered by mystery, intrigue and respect for all she stood for,’’ Palmer said.
“Titanic II is something that needed to be built,” he reasoned. “We all know how to make war. We get armies and we fund wars. People know about that. But it is a lot harder to make peace. To make peace you have got to stick with it every day. You progress inch by inch.”
According to Palmer, the Titanic II “can be a ship of peace between all countries of the world.”
Palmer mentioned his “ballpark” estimate for the mission is as much as AUS$1 billion (about C$891.9 million). He anticipates development will start early subsequent 12 months, although he has not but secured a shipyard.
Palmer mentioned a “couple of million people” have already expressed curiosity in crusing on his 2,435-passenger Titanic II.
As properly as a mining magnate, Palmer is a former politician. He based the now-deregistered United Australia Party (previously the Palmer United Party) and served one time period as an MP after successful a seat within the 2013 Australian federal election. The get together was formally deregistered in September 2022.
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