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Titanic: where was billionaire?

The billionaire behind plans to build a replica of the Titanic missed an official event marking the launch of the project this morning.

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Recorded message for guests

He may not have been there in person, but Clive Palmer still had a message for guests at the launch of plans to build a replica of Titanic.

In a recorded message, he told guests: "Why build Titanic? Because we can. Titanic will bring the ship back to life. It will be a tribute to those who died."

We will complete the journey. The ship will be a ship of peace carrying the hopes and dreams of people everywhere. By learning from the lessons of the past this is our moment. Titanic was the ship of dreams Titanic 2 will be a ship where dreams come true."

– Clive Palmer, on his plans to build a second Titanic

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