Mining magnate Clive Palmer says Titanic II will mostly sail between Southampton and New York.
Work is due to start later this year and her maiden voyage is planned in November 2016. Our transport correspondent Mike Pearse reports.
With news an Australian billionaire is planning to build a full life-size replica of the Titanic, could it mean work here for businesses in the Midlands?
Many items on the original ship were designed and made in the region including beds in Birmingham, china in Derby and the anchor in the Black Country.
Plans to build a full life size replica of the Titanic by mining tycoon Clive Palmer were revealed in New York yesterday.