Clive Palmer has competition. Not in the weight loss stakes, or the business failure stakes, but in the very specific category of a rich man with a history in politics trying to build a replica of the Titanic. Peter Mandelson, former communication chief to Tony Blair, is reported by The Guardian to be involved in a project building a replica of the doomed ship in Daying, in China’s Sichuan province. The ship is set to be part of a tourist resort, and a hull assembly ceremony took place this week. Palmer’s Titanic was also set to be built in China, but $6 million later, and amid the collapse of Palmer’s other business, it doesn’t look like Palmer’s dream will go on and on at all.

Peter Fray

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Peter Fray
Editor-in-chief of Crikey