Titanic II: Billionaire plans Titanic replica to sail on doomed ship's 1912 route

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In this rendering provided by Blue Star Line, the Titanic II is shown cruising at sea. The ship, which Australian billionaire Clive Palmer is planning to build in China, is scheduled to sail in 2016. (Blue Star Line / The Associated Press)
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NEW YORK (AP) — An Australian billionaire says he wants to build a new version of the Titanic called the Titanic II.

Clive Palmer unveiled blueprints for the famously doomed ship's namesake Tuesday at the Intrepid Sea, Air and Space Museum in New York.

Palmer says 40,000 people have expressed interest in tickets for the maiden voyage from Southampton, England, to New York, expected in 2016. He says construction is due to start soon in China.

He says people are inspired by his quest to replicate one of the most famous vessels in history.

The original Titanic was the world's largest and most luxurious ocean liner when it hit an iceberg in the North Atlantic and sank on April 15, 1912.

More than 1,500 people perished in that maiden voyage.

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