Australian billionaire Clive Palmer unveiled blueprints for his new ship, a modern replica of the historic Titanic cruise-liner, that will be ready to sail the open waters by 2016. The ship, known as Titanic II, will have the same look and design as the original ship but with modern improvements like air conditioning and state-of-the-art life boats.

Palmer told reporters that around 40,000 people have already expressed interest in tickets to sail on the boat, the maiden voyage of which will imitate the route of the first Titanic, sailing from England to New York.

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