Titanic II is expected to carry approximately 2,400 passengers as well as 900 members of crew.

The wait to find out more about Titanic II may almost be over. The project has been a few years in the making with Australian mining billionaire Clive Palmer's company Blue Star Line first announcing plans to build the ship in 2013.

While there were several models and tests already taking place, the venture was stalled during some financial disputes.

However, it seems the project is now firmly back on track, with a 2022 launch although the exact date has yet to be confirmed.

And now the company have posted an update on their official Facebook page @OfficialTitanicII.

Titanic II will have much more up-to-date safety features and navigation technology

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But don't get your hopes up just yet because the company simply told followers: "We will be making some further announcements about Titanic II a little later this year. Stay tuned for more details."

While it's not much to go on it follows a post from billionaire Palmer giving a thumbs up on Christmas Eve saying: "Merry Christmas and a Happy New Year. I wish peace and happiness for all men and women of goodwill.

"Looking forward to achieving excellent things together in 2020."

To pay tribute to the original ship, Titanic II will be sailing on the same route as the liner, which famously sank back in 1912 after crashing into an iceberg during its maiden voyage between Southampton and New York City.

Titanic II will pay tribute to the original ship, by sailing on the same route as the liner.

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Of course this replica will have much more up-to-date safety features and navigation technology - although it's inspired by the infamous liner, it will boast modern day amenities and features.

However, there will be plenty of nods to Titanic itself, from the layout and interiors, with designs inspired by the iconic ship - including a near identical version of the ship's grand staircase.

Titanic II is expected to carry approximately 2,400 passengers as well as 900 members of crew.