An Australian billionaire named Clive Palmer is building a life-sized replica of the Titanic.

The Titanic is a famous ship that sank in 1912. The dramatic story of the ocean liner has fascinated millions of people around the world. It was supposed to be an unsinkable ship but it hit an iceberg and sank on its very first voyage.

There have been many documentaries, films and books about the Titanic. Interest in the ship was heightened in 1997 when a blockbuster movie called “Titanic” was released, starring Leonardo DiCaprio and Kate Winslet.

The replica Titanic ocean liner will be called Titanic II. It is scheduled to sail in 2016, from Southampton, England to New York in the United States.