Australian businessman Professor Clive Palmer has unveiled plans to build a modern-day replica of the Titanic - and he believes that it will be ready to set sail in 2016.
On Friday, Professor Palmer arrived in London's Ritz Hotel to discuss his grand plans to build a replica of the doomed ocean liner which sank on its maiden voyage in April 1912, killing 1,502 passengers and crew.
The Daily Mail reports that Professer Palmer said: "This is not a fantasy, this is not a movie. This is going to happen."
Titanic II will have the same interiors as the original, and even the same onboard gymnasium, complete with Edwardian-style exercise machines. Passengers will even be issued with a wardrobe of period clothing.
The grand staircase, swimming pool and Turkish baths will also be recreated - but there will be a safety deck, complete with more lifeboats, a new high-tech engine, air conditioning and lifts.
The Express reports that Professor Palmer wants to give passengers a chance to return to a "simpler" way of life - so there will be no internet onboard and Twitter, Facebook and emails will be banned.
He explains: "In 1912 things were simpler. It will be a chance for people to return to a different age, when there was a whole different social fabric. It's no bad thing to take some time with your family and friends."
His company, Blue Star Line, have tentatively agreed a deal with China's Jinling Shipyard to build Titanic II to the original design, but with modern safety features.
Around 40,000 people have already expressed an interest in booking one of 835 first, second or third class cabins for the voyage in late 2016. Prices have not been set, but Professor Palmer says he has already had offers from 16 people of between £500,000 and £850,000 for berths.
He told the Daily Mail: "That's not the sort of figure we'll be asking but it shows the demand."
But would you buy tickets - or is Titanic II an exercise in bad taste?
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Top ten cruise destinations
Would you book a trip on Titanic II?
Perfect for: A jam-packed itinerary.
The Western Mediterranean is all about seaside (Barcelona, Cannes) as well as glamorous party spots, such as Ibiza and Malaga. On top of that, a cruise will take you to some of the most iconic attractions of the world in the likes of Rome, Valencia and Florence...
Perfect for: Lovers of beauty, peace and tranquility.
It has been said that the only way to truly appreciate the wonderful scenery of Norway's fjords is to sail through them. With long light summer evenings, pretty ports of call and one-of-a-kind natural wonders, it's easy to see why the Norwegian fjords are popular among cruisers.
Perfect for: Something a bit different.
From extravagant art and architecture in Russia to imposing towers and medieval streets in Poland, the Baltic offers enthralling skylines and wonderful scenery that is still relatively undiscovered by Brits. Must-see attractions include Copenhagen, the famous Ice Bar in Stockholm and the majestic Hermitage Museum in St Petersburg.
Perfect for: Year-round warmth and sunshine close to home.
Highlights of a Canaries cruise include extraordinary volcanic landscapes, beautiful beaches and quaint whitewashed villages on the islands of Lanzarote, Tenerife and Gran Canaria. Think beautiful black and white sand beaches, volcanoes, sand-dunes, verdant slopes and blue seas...
Perfect for: Exploring the bits of Europe you don't usually see.
Highlights of an Eastern Med cruise include relatively undiscovered bits of Croatia, Bulgaria and Ukraine as well as some best-loved destinations such as Greece and Turkey. Don't miss the bustling bazaar and mosques of Istanbul, swimming in the clear sea in Croatia, sampling the delicacies of the Greek islands and the sights of medieval Montenegro.
Perfect for: A real taste of the Far East.
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Perfect for: Adventurous types.
Australia and New Zealand are on many Brits' wish list - and on a cruise holiday, you don't have to choose between the two. Take in the mountains, coastlines, lakes, fjords, alpine glaciers and volcanoes of New Zealand as well as Australia's vibrant cities, modern buildings and fine restaurants. Oh, and this part of the world was made for rafting, climbing, bungee jumping, hiking...
Perfect for: Short cruises.
Most people imagine sailing off to a far-flung, exotic destination when planning a cruise holiday, but did you know you can enjoy a cruise around Britain and Ireland? Mini cruises are all the rage these days and there's a variety of beauty spots to see right here - plus with less time on the cruise ship, you'll have more time to explore! Visit the Channel Islands (think fabulous seafood, beaches and nature), as well as Ireland and North Wales, where you'll get plenty of wildlife viewing opportunities, with seals, dolphins and even puffins to spot.
Perfect for: A once-in-a-lifetime holiday.
If you feel you've experienced the Caribbean and Mediterranean, Panama Canal is a fabulous option for cruisers craving a taste of adventure. Highlights include watching as the cruise ship sails through the locks just inches from the canal's sides and looking out at the wild jungle beyond. Don't miss whale watching and spotting tropical birds.
Perfect for: Romantic types and sun worshippers who just want to chillax.
With its paradise islands, turquoise seas and sugar-soft beaches, this is the most popular cruise hotspot of all. Barbados, the Dominican Republic and the British Virgin Islands are just a few of the islands to get some R&R. Soak up the famous laidback lifestyle, visit the bustling markets and dance under the stars. Bliss.