April 25, 2012: In this photo provided by Crook Publicity, Australian billionaire Clive Palmer poses in front of an artist impression of the Titanic ll at MGM Studios in Los Angeles, Ca. (AP/Crook Publicity)
The plans for a ship that has been dubbed Titanic II will be unveiled in New York by Australian billionaire Clive Palmer, MyFoxNY reported.
Palmer announced plans in April to construct the replica Titanic with exactly the same dimensions and class separation as the original.
Unlike the Titanic, Palmer has said the new ship would have more safety features and air conditioning.
He will reportedly release the design at the Intrepid Museum during a Dec. 4 gala.
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