A replica of the world’s most famous “unsinkable” ship is under construction with its maiden voyage planned for 2018.

Incredible photos have emerged showing the amazing similarity of the new ship with the original, which struck an iceberg and sank on its maiden voyage on April 15, 1912, killing 1503 people.

Tycoon and politician Clive Palmer is the person behind this ambitious project, which will be about 4 metres wider to meet current regulations.

But, the most important is that it will carry enough lifeboats for every passenger and its hull will be welded, not riveted, just in case it comes across a rogue iceberg, the Belfast Telegraph reports.

“The new Titanic will of course have modern evacuation procedures, satellite controls, digital navigation and radar systems and all those things you’d expect on a 21st century ship,” James McDonald, global marketing director of Palmer’s company, Blue Star Line, told the paper.

Its maiden voyage is scheduled for 2018 and will not be from Southampton to New York, but Jiangsu, China, to Dubai in the United Arab Emirates.

Even though, the relatives of the dead passengers have criticised this project, there are reportedly many requests for tickets, with some people offering up to about $1,200,000 for a place.