Is the Titanic being recreated?

Australian billionaire Clive Palmer is building an exact replica of the doomed Titanic in China. The ship will be the same dimensions of the original and have the same class separations as the ship that hit an iceberg on April 14, 1912, killing more than 1,500 of its passengers. The key differences: upgraded security features and air conditioning. Palmer said he’s rebuilding the ship to honor those who worked on the original.