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Jinling Shipyard signs MOU to build new Titanic

9 May 2012
Jinling Shipyard, a subsidiary of Sinotrans China National Shipping Corp, has signed a memorandum of understanding with Australian billionaire Clive Palmer to build a modern replica of the Titanic, according to a report from the Yangtze River Administration. Details of the budget, design and construction time have yet to be finalised, it said, and the contract has not been signed.

The shipowner has already told the media that the Titanic II, equipped with modern technology and the latest navigation and safety systems, will aim to set sail on its maiden voyage from the UK to North America by 2016.

     
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