business news in context, analysis with attitude

by Kevin Coupe

This must be a metaphor for something. One thing is for sure - this is the kind of story I just can’t resist.

The Sydney Morning Herald reports that Clive Palmer, described as a “Queensland billionaire mining magnate,” has hired a shipyard to build a new cruise ship.

But not just any cruise ship. It is designed to be near replica of a very well known cruise ship, one that recently got a lot of attention because of a 100 year anniversary that was being observed.

That’s right. Clive Palmer wants to build the - wait for it - Titanic II.

It is expected that the Titanic II’s maiden voyage - quite naturally, from Britain to the US - will take place in 2016.

The cost has not been announced, and Palmer says that “will be every bit as luxurious as the original Titanic but of course it will have state-of-the-art 21st-century technology and the latest navigation and safety systems.”

He also says something else that sounds vaguely familiar: “It is going to be designed so it won't sink.”

I think we’ve heard that before...
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