File talk:StateLibQld 1 169523 Rescued lifeboats, all that is left from the great ship Titanic, New York, 1912.jpg

Doctored photo
This is certainly a photo contemporaneously doctored "for clarity", which was common in those days. Note that the "R.M.S. Titanic" lettering on the foreground boat is a bit too good, and that the other boats show no hint of white-painted lettering. Note also, that the lifeboats actually received the "S.S. Titanic" moniker (I don't know why). -- see: http://www.encyclopedia-titanica.org/ss-titanic-lifeboat-plaque.html