PLEASE NOTE: THIS EDIT CONTAINS CONVERTED 4:3 MATERIAL

The doomed Titanic leaving Belfast in 1912.

It's sinking was one of the worst disasters in maritime history.

And now Australian mining entrepreneur, Clive Palmer is resurrecting not only the Titanic's name, but he says, the era's legacy of respect and kindness.

SOUNDBITE: Professor Clive Palmer, Blue Star Line chairman, saying (English):

"I think if you come to some countries around the world, you no longer think about people as human beings, we no longer respect them and I think that that's something that we've got to turn the clock back in time and do."

Helen Benziger, great granddaughter of Titanic survivor, Molly Brown, agrees, saying not a day went by when her great grandmother didn't relive the tragedy.

SOUNDBITE: Helen Benziger, great granddaughter of Titanic survivor, Margaret "Molly" Brown, saying (English):

"That way of thinking is gone and I think that's one of the things that this is going to bring back, and maybe just for five days, but I think there's going to be a whole attitude change when you board the Titanic. At least I would hope so."

Palmer unveiled the plans for the new ship, Titanic II, in New York.

The liner will recreate the design and decor of the original but with obvious modernizations like air conditioning and wi-fi Internet.

But will it be invincible?

SOUNDBITE: Professor Clive Palmer, Blue Star Line chairman, saying (English):

"I think anything will sink if you put a hole in it. I think it would be very cavalier to say something like that."

And Palmer is keeping mum about Titanic II's price tag, but he's confident it will be worth every dollar.