BUSINESSMAN Clive Palmer is launching his own international shipping line called Titanic II.
To coincide with the 100-year anniversary of the original Titanic's tragic sinking in the Atlantic Ocean, Mr Palmer said the ship would be the same length and similar design.
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He said each cabin would have period costumes and a key to unlock the story of the people inhabiting the cabin on that fateful night should they wish.
"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," he said.
"Titanic II will sail in the northern hemisphere and her maiden voyage from England to North America is scheduled for late 2016."
Mr Palmer said a section of the boat would be dedicated to Queensland, no doubt including his newest venture at Coolum.
He said the exhibition room would be located in the space the old coal boilers originally occupied.
"I am assembling an extensive tourism portfolio which also includes the Coolum Golf and Spa resort on the Sunshine Coast," he said.
"This new venture will add to Mr Palmer's growing tourism portfolio."
Mr Palmer was coy about questions related to a possible casino at the Coolum resort and said there would be more announcements in coming weeks.