The concept of a functioning replica of the Titanic has been explored several times, especially following the resurgence of interest following the release of James Cameron's film in 1997. Previous projects The original RMS Titanic in 1912. The development of the project was resumed in November 2018 after a hiatus which began in 2015, caused by a financial dispute, which affected the $500 million project. The intended launch date was originally set for 2016, delayed to 2018 then 2022. The project was announced by Australian billionaire Clive Palmer in April 2012 as the flagship of the proposed cruise company Blue Star Line Pty. The new ship is planned to have a gross tonnage (GT) of 56,000, while the original ship measured about 46,000 gross register tons (GRT). Titanic II is a planned passenger ocean liner intended to be a functional modern-day replica of the Olympic-class RMS Titanic. Modern interpretation of Olympic-class ocean linerĭiesel-electric three azimuth thrusters (3 × 10 MW) Ģ4 knots (44 km/h 28 mph) (maximum)