Another Titanic will soon set sail. Before you ask why anyone would do it, you should know that this Australian billionaire thinks it will be a commercial success.

Clive Palmer, along with CSC Jinling, a Chinese shipbuilding company, are recreating an exact replica of the doomed ship that hit an iceberg and sank a century ago in the North Atlantic. Of course, the new one will have much more advanced equipment that will prevent such another disaster. 

Plans call for the new Titanic to be taking its first voyage in 2016. If you’re daring enough to be a passenger aboard the history-making event, keep checking the schedule with your favorite hometown and/or online travel agency.