Australian tycoon says ‘Titanic II’ project is about love

The Australian billionaire building a new version of the ill-fated liner RMS Titanic said on Tuesday that there had been a huge global response to the project because it was about love and courage.

Clive Palmer, who is standing in next month's Australian election after founding his own political party this year, said the vessel—which will resemble the original as closely as possible—was never designed to make money.