The replica of the world-famous luxury liner Titanic is set to navigate the seas soon. Unfortunately, the first voyage of the new ship called, Titanic II, has been postponed to 2018, instead of its original plan this 2016, CNN noted.

More than a century after RMS Titanic met its tragic end when it struck an iceberg in April 1912 on its maiden voyage, Australian billionaire Clive Palmer decided to create a replica of the doomed ship that claimed over 1,500 lives.

While Titanic II will have a similar appearance to the original ship, Blue Star Line's version will be four meters wider, have a welded and not riveted hull, more life jackets and lifeboats as well as updated technology to meet the 21st century maritime safety regulations.

"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," Blue Star Line Global Marketing Director James McDonald told the Belfast Telegraph.

In addition, the size of the replica Titanic ship will be 270 meters long and 53 meters high. Mental Floss also added that the 40,000-ton ship will have nine floors and will contain 840 cabins to accommodate 2400 passengers and 900 crew members.

The ship also features Turkish baths, a swimming pool, gyms and other amenities modeled after the original restaurants and dining rooms, CNBC has learned. And similar to the original Titanic, the latest version of the ship offers ticket classifications in first-, second- and third-class tickets.

As for the cost of the voyage, the exact prices have not been announced yet but Palmer's Blue Star Line has reportedly received a multitude of inquiries from interested parties with offers as high as $925,600 (£640,000) for a ticket.

Titanic II's inaugural journey will also take a different route from the originally scheduled 2016 trip. According to The Telegraph, instead of cruising from Southampton, England to New York, the replica ship will travel from Jiangsu, China to Dubai in the United Arab Emirates, where the company reportedly been developing business partnerships.

Meanwhile, the replica ship did not go without any controversy. In fact, relatives of some of the Titanic's lost passengers have spoken out against the project. And while the makers of the replica have been called "insensitive," McDonald insisted that they've received positive responses in general.

With Titanic II's modern safety and navigational features, the ship reportedly cost almost $434 million, Yahoo! Travel revealed.