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. Palmer said his ambitious plans to launch a copy of the Titanic and sail her across the Atlantic would be a tribute to those who built and backed the original. (AP Photo/Blue Star Line)

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Australian billionaire Clive Palmer speaks during a news conference about his intention to build the Titanic II in New York, Tuesday, Feb. 26, 2013. Palmer is planning to build the ship in China and it is scheduled to sail in 2016. (AP Photo/Seth Wenig)

In this rendering provided by Blue Star Line, the grand staircase on the Titanic II is shown. The replica ship, which Australian billionaire Clive Palmer is planning to build in China, is scheduled to sail in 2016. Palmer said his ambitious plans to launch a copy of the Titanic and sail her across the Atlantic would be a tribute to those who built and backed the original. (AP Photo/Blue Star Line)