Plans for the Titanic II vessel to be put into production have been given the green light by manufacturers.
Billionaire Australian mining magnate Clive Palmer is the man behind the ship, which will contain 840 rooms and nine decks, and is planned to set sail from England to New York in 2016.
The vessel will be the height of maritime luxury thanks to its on-board gymnasiums, swimming pools, libraries, high-class restaurants and luxury cabins.
In a statement, Palmer said: “It will be every bit as luxurious as the original Titanic but of course it will have state-of-the-art 21st century technology and the latest navigation and safety systems.
These people produced work that is still marvelled at more than 100 years later and we want that spirit to go on for another 100 years.”
The ship will weigh-in with hefty measurements of 270 metres in length, 53 metres in height and a total weight of 40,000 tonnes.