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Photography by Reuters

Australian mining entrepreneur Clive Palmer has unveiled blueprints to build the Titanic II. The new ship, expected to set sail in 2016, will recreate the original ship’s design and decor, but it will be modified to adhere to current safety rules and shipbuilding practices (thank goodness!).

Pretty much everyone knows that the original Titanic, a British cruise liner, sank in the Northern Atlantic Ocean after colliding with an iceberg on April 15, 1912. Some 1,500 people died on the super cruise ship’s maiden voyage from Southhampton, UK, to New York City.

Although the contract to build the Titanic II has not been signed yet, Palmer claims the ship will be the “safest cruise ship in the world.” He says the lifeboats will have enough space for every person on board, and that the cruise liner will also include escape staircases and modern technology to avoid icebergs. Construction is scheduled to start later this year in China, according to Reuters.

Another fun fact we learned about the new cruise liner is that passengers will have the opportunity to relive the past by dressing in 1912-style clothing, provided by the cruise. And with the right ticket, passengers can go a step further and visit the first-class dining and smoking rooms similar to the original luxury liner.

According to NBC News, there are already 40,000 applications to take the first trip on the Titanic replica and 12 people are willing to pay $1 million for a first-class trip. Regular ticket prices for a voyage on the Titanic II will be announced at a later date.

In the meantime, Travel Channel has a few cruise vacation ideas to help you plan your next trip on the high seas. Our cruise experts offer advice and tips on the best cruises to see Hawaii, as well as the top Disney cruises, can’t-miss adventure cruises, cruises for GLBT travelers and best restaurants at sea. And we’d be remiss if we didn’t prepare you for your next cruise with a few cruise safety tips and 7 ways to improve your cruise. Set sail and let your cruisin’ adventure begin!

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