The Australian is reporting that nothing has been done in the construction of Titanic II. Shipbuilding was supposed to have started by now. The newspaper reports that no deal has been signed with CSC Jinling, the Chinese shipyard despite Clive Palmer claiming the deal was “imminent.” No steel has been cut in preparation for its construction. The newspaper further reports the Chinese are not interested in building the ship. Considering how big Titanic is in China, that seems odd indeed. Palmer apparently thought the Chinese would be excited about the project but apparently that has not been the case. It could be that they do want to build Titanic II but would rather do it themselves rather than with Clive Palmer.
The marketing director is quoted as saying the keel will be laid “in the third quarter of this year.” Officially the Chinese company says while it would be difficult to build, they could do it. Palmer might have to consider another shipyard that would be more enthusiastic than the Chinese one. If I were making odds on this ship being constructed, I would bet against it at this time. Palmer really whipped up a lot of excitement but without a signed contract that starts construction, it looks like the skeptics were right, that this was just a publicity stunt. And he has wasted a lot of time and effort because of it.
Source: Clive Palmer’s Titanic II Project Behind Schedule, May Have Stalled (29 Mar 2014,The Australian)