FedExCup bonus
Place | Total |
1 | $25,000,000 |
2 | $12,500,000 |
3 | $7,500,000 |
4 | $6,000,000 |
5 | $5,000,000 |
6 | $3,500,000 |
7 | $2,750,000 |
8 | $2,250,000 |
9 | $2,000,000 |
10 | $1,750,000 |
11 | $1,075,000 |
12 | $1,025,000 |
13 | $975,000 |
14 | $925,000 |
15 | $885,000 |
16 | $795,000 |
17 | $775,000 |
18 | $755,000 |
19 | $735,000 |
20 | $715,000 |
21 | $670,000 |
22 | $650,000 |
23 | $630,000 |
24 | $615,000 |
25 | $600,000 |
26 | $590,000 |
27 | $580,000 |
28 | $570,000 |
29 | $560,000 |
30 | $550,000 |
On Thursday, Italian authorities retrieved a fifth body from the Bayesian superyacht that sank in a storm earlier this week, killing British technology entrepreneur Mike Lynch.
The 184-foot British-flagged vessel sank early Monday , and the five identified bodies thus far from the incident include Mike Lynch , founder of Autonomy and investor in Darktrace; Morgan Stanley Bank International chairman Jonathan Bloomer and his wife, Judy; Chris Morvillo, a Clifford Chance lawyer, and his wife, Neda, were also found. Lynch’s 18-year-old daughter Hannah is still missing.
There are several theories as to why the massive $39 million boat sank in just about 60 seconds. And the maker of the ship says the crew should have had time to rescue passengers.
The first theory is that the mast on the massive vessel was so tall it tipped the boat over when a waterspout— essentially a water tornado —hit the boat. Giovanni Costantino , CEO of the Italian Sea Group , which owns several boat brands including the yacht’s builder, Perini Navi , told the Financial Times the boat was “designed to be absolutely stable” because it had the “world’s second-tallest mast.” But Karsten Borner, the skipper of a nearby boat, suggests the sinking actually could have been caused by high winds hitting the 236-foot mast. Even with sails stowed, the mast and its rigging would have provided a vast surface area for wind resistance.
The Bayesian “went flat [with the mast] on the water, and then went down,” Borner told Reuters . For reference, the tallest mast on a sailing boat on record was the Mirabella V at nearly 247 feet long, according to Guinness World Records .
The second theory about the cause of the Bayesian sinking is that the keel was retracted when it should have been lowered, making the boat less stable. The keel is a structural beam that runs under the middle of the boat from bow to stern, giving the boat better stability, a lower center of gravity in the water, and more control while moving forward. “Without the keel, a boat might slip or skim on the water,” according to boat manufacturer Sea Born .
The Bayesian had a keel that could be retracted, according to the yacht’s manufacturer, Perini Navi. It could be lifted to reduce the draught of the boat, making it easier to enter shallow harbors. It’s possible that if the keel had been in the raised position rather than extended, that could have compromised the boat’s stability in a strong wind, causing it to sink.
Perhaps the strongest theory so far is the notion that someone onboard may have left a major hatch or door ajar, causing the boat to quickly fill with water. In fact, Costantino thinks this is the strongest theory after watching back footage of the sinking; the rear of the boat appears to have a hinged door that folds down into a sea-level deck.
Since it was obvious the Bayesian was taking on water, there should have been time to get everyone off the boat and into rafts, Costantino told the FT .
“Jesus Christ! The hull is intact. The water came in from [hatchways] left open,” he said. “There is no other possible explanation. If maneuvered properly, the boat would have comfortably handled the weather—comfortably,” he said.
Most popular.
Advertisement
Supported by
Alarmed by the prospect of increased tariffs on Chinese goods if Donald Trump is elected, some American companies are stockpiling parts and delaying expansions.
By Peter S. Goodman
Reporting from Allentown, Pa.
If not for the trade war between the world’s two largest economies, Easy Signs would now be hiring dozens of workers at its factory in Allentown, Pa. It would be readying plans to build a second plant somewhere out West — Salt Lake City was a contender — generating another 100 jobs.
Based in Australia, Easy Signs manufactures banners and marketing installations for corporate events, using huge printers to press logos and slogans onto rolls of cloth. Its American business has been growing 70 percent a year. Still, the company is putting off an expansion.
Its cloth signs are displayed on aluminum stands made in China. Those products are now subject to a series of tariffs reaching as high as 365 percent under a policy set in motion by former President Donald J. Trump and continued by the Biden administration in the name of protecting American industry from Chinese government subsidies.
The costs of imported components could increase further should Mr. Trump win November’s presidential election and follow through on his threat to add a tariff of 60 percent or more on all Chinese goods, and 10 percent to all imports.
“That’s definitely a scary concept,” said Andy Fryer, co-founder of Easy Signs. “The whole feasibility goes out the window.”
In interviews with two dozen American manufacturers, retailers and shipping agents, many said they were holding off on investments and expansion given the uncertainty over tariffs on imported products and parts — especially on those shipped from China. If Mr. Trump wins the election, the potential for further disruption is great. If Vice President Kamala Harris wins, many of the people said, they expect trade hostilities with China to continue, threatening increased costs for components used by American businesses.
“Companies have kind of decided that, regardless of what government is coming into power, tariffs on China are going to continue to get higher,” said Mandeep Singh, whose business, Via Indigos in Cincinnati, connects American factories with suppliers in India.
Mr. Singh was recently contacted by a company that makes air purifiers and was eager to shift production from China to India. “They want us to take care of the entire product range,” he said. “They would like to find a solution earlier than later.”
Mr. Trump began imposing broad tariffs on imports from China in 2018. President Biden has extended that policy, adding tariffs to new categories of Chinese goods including electric vehicles and solar cells.
Both administrations said the levies were intended to spur the return of factory jobs to the United States. But even as tariffs on Chinese imports have pressured manufacturers and retailers to reduce dependence on China, they have typically caused production to shift to other low-wage countries like Mexico , Vietnam and India .
Some businesses are stockpiling inventory by increasing imports, according to a recent analysis by Project44, a company that provides technology used by businesses to manage their supply chains. In June and July — the peak time for retailers amassing inventory for the holiday season — the volume of ocean shipments reaching the United States from China increased more than 4 percent from the previous year, according to the report.
Other companies are riding out the current confusion, having grown accustomed to unrelenting chaos in the supply chain. The pandemic upended global manufacturing and shipping, yielding floating traffic jams off ports and product shortages .
The Suez Canal has been rendered nearly off limits by strikes on vessels by Houthi rebels in Yemen acting in solidarity with Palestinians in Gaza, sending shipping prices skyward. The Panama Canal has limited traffic in the face of a drought. Rail workers in Canada are threatening to strike along with dockworkers at ports on the East Coast and the Gulf of Mexico.
“My approach is wait and see, and then move as fast as we can if it does happen,” said Sam Shackleton, whose Boston e-commerce business, Cross Path Capital, relies on Chinese factories to produce home décor and garden design products that it sells on Amazon.
Previous tariffs have increased the costs of some of his products by more than 30 percent. He has raised prices to pass on roughly half that cost. His suppliers in China have reduced prices on some items, sharing the burden of the tariffs, he added.
Mr. Shackleton has considered finding suppliers in other countries but has stuck with China because it presents an unbeatable combination of high quality and low prices, he said.
“We are busy with a lot of other aspects of running the business,” he said. “Moving around pieces on a board falls down the priority list even if we could argue that it’s existential.”
Many importers are placing faith in the assumption that Mr. Trump would stop short of imposing 60 percent tariffs because that would sow chaos in the economy, menace the stock market and lift prices to uncomfortable levels.
“Nobody I see is planning for it,” said Sara Dandan, founder of FourOneOne, a Chicago business that books shipping containers for importers. “It comes down to an American consumer thing. We’re used to being able to go to Walmart and buy a $2 spatula.”
But Mr. Trump has time and again breached traditional norms. Eight years ago, trade experts scoffed at his vows to add across-the-board tariffs to Chinese imports.
With such false reassurances as a guide, some companies are concerned enough by the tariff talk to make contingency plans.
“You have to take it seriously,” said Chris Taylor, chief executive of GridStor, a company in Portland, Ore., that develops energy storage projects. “I think you would ignore that at your peril.”
GridStor has been placing early orders for batteries for a project planned for the Houston area. Mr. Taylor has been urging his suppliers to move faster to set up factory operations in the United States or nearby to limit dependence on Asia. “In every meeting, that conversation comes up,” he said.
Larger companies are hanging on to extra inventory of parts and finished goods, accepting higher costs for warehousing and insurance as a hedge against future tariff increases, said Ara Ohanian, chief executive of Netstock, which designs software used by companies to manage their supply chains. Some of his customers have been shifting orders to Mexico to avoid tariffs on Chinese imports.
But Chinese companies have themselves set up factories in Mexico , using the North American trade agreement to gain duty free access to the United States. Some American importers assume that a second Trump term would halt that arrangement. Auto companies are especially concerned, given that Mexico has become a major supplier of parts for automotive plants in the United States.
“Everybody is getting skittish,” said Ross George, a supply chain consultant focused on the auto industry. “They say: ‘We know we are buying from a Chinese company, but it says, “Made in Mexico.” It’s not quite as clear cut as we’d like.’”
The solar industry appears especially vulnerable to an intensifying trade war given its heavy dependence on imported cells from Southeast Asia. Chinese companies have in recent years set up plants in Malaysia, Thailand and Vietnam to avoid American duties on exports from China. That has prompted fresh tariffs on exports from those countries, a trend expected to broaden if Mr. Trump returns to office.
Even the expectation of further trade impediments risks slowing the emergence of solar energy, said Mike Hall, the chief executive of Anza, a company that matches buyers and sellers of solar energy gear. “It makes things more expensive and creates uncertainty and fear,” he said.
In Pennsylvania, Easy Signs recently received two shipping containers full of aluminum stands at the Port of Philadelphia. Rather than pay the extra duties, it declined to accept them, instead paying extra shipping costs to return the cargo back to its warehouse in Australia.
But the company is consoled by one key area of growth. “We’re going to do a lot of election signs,” said Amanda Strait, the factory’s operations manager.
Peter S. Goodman is a reporter who covers the global economy. He writes about the intersection of economics and geopolitics, with particular emphasis on the consequences for people and their lives and livelihoods. More about Peter S. Goodman
IMAGES
COMMENTS
The current position of PELORUS is at East Mediterranean reported 10 days ago by AIS. The vessel is sailing at a speed of 58.4 knots. The vessel PELORUS (IMO 8977273, MMSI 376613000) is a Yacht built in 2003 (21 years old) and currently sailing under the flag of St Vincent & Grenadines.
Vessel PELORUS is a Yacht, Registered in St Vincent Grenadines. Discover the vessel's particulars, including capacity, machinery, photos and ownership. Get the details of the current Voyage of PELORUS including Position, Port Calls, Destination, ETA and Distance travelled - IMO 8977273, MMSI 376613000, Call sign J8Y4730
Where is the current position of PELORUS presently? Vessel PELORUS is a pleasure craft ship sailing under the flag of Saint Vincent and the Grenadines. Her IMO number is 8977273 and MMSI number is 376613000. Main ship particulars are length of 115 m and beam of 18 m. Maps below show the following voyage data - Present Location, NExt port, Estimated (ETA) and Prediced Time of arrival (PTA ...
What is the current position of PELORUS right now? Ship PELORUS is a Pleasure Craft ship waving the flag of Cayman Islands. Vessel's IMO number is 8977273, MMSI number is 319029200. The ship is 115 m long and having a beam of 18 m. Live maps hereinunder show Present Location, Next port of call, Estimated (ETA) and Prediced Time of arrival (PTA), Speed, Course, Draught, Photos, Videos, Local ...
PELORUS current location & position live map tracker. Ship Traffic.net. Sea Distances. Time Zones Map. Regions . Straits Canals Gulfs Bays Seas Oceans Rivers Lakes Sounds Fjords Reefs Lagoons Capes. Ship Types . Container Lines ALL LINES MAERSK (332) CMA CGM (253) MSC (615) EVERGREEN (171) COSCO (129) APL (48) ONE (65) NYK (31) HAPAG LLOYD (107)
PELORUS (IMO: 8977273) is a Yacht registered and sailing under the flag of Cayman Islands.Her gross tonnage is 5403 and deadweight is 2803.PELORUS was built in 2003.PELORUS length overall (LOA) is 115 m, beam is 18.32 m. Her container capacity is 0 TEU.
The current position of PELORUS is in Singapore Strait with coordinates 53.84333° / 9.41162° as reported on 2024-06-28 22:11 by AIS to our vessel tracker app. The vessel's current speed is 0 Knots and is currently inside the port of WEWELSFLETH. The vessel PELORUS (IMO: 8977273, MMSI: 376613000) is a Yacht that was built in 2003 ( 21 years old ).
Track current position of PELORUS on Live Map and find its IMO, MMSI, Call Sign, 8977273,376613000.
Pelorus aboard HMS Belfast. In marine navigation, a pelorus is a reference tool for maintaining bearing of a vessel at sea. It is a "simplified compass" without a directive element, suitably mounted and provided with vanes to permit observation of relative bearings. ... The true position of these stars is only approximate to their theoretical ...
Pelorus is a luxury yacht and is 115 metres (377 ft) in length. History. Commissioned by Saudi Arabian businessman Sheikh Abdul Mohsen Abdulmalik Al-Sheikh, Pelorus was built at the Lürssen subsidiary repair shipyard in Schacht-Audorf Rendsburg, Germany. The conceptual design was completed in 1999 by Tim Heywood, work began in 2000, and the ...
AL SEER MARINE SUPPLIES & EQUIPMENT - ABU DHABI, UNITED ARAB EMIRATES. Description. PELORUS is a Yacht built in 2003 by KROGER WERFT - RENDSBURG, GERMANY. Currently sailing under the flag of Cayman Islands. Formerly also known as ZGBO3, PELORUS. It's gross tonnage is 5403 tons. Seafarers worked on.
Details and realtime position for the vessel PELORUS with MMSI 319029200, IMO 8977273 that is registered in [KY] Cayman Is. No Internet. ... POSITION. INFO. PORT CALLS. VISITED PORTS. LAST TRIPS. EVENTS. WEATHER. PELORUS. Yacht. Show on Live Map. Upload Photo.
Vessel position, logs and particulars for Yacht PELORUS at FleetMon.com, the global ship database. Important note: for the migration of FleetMon products into MarineTraffic platform, we are discontinuing all account logins here by 25.02.2024.
The mega yacht also has a large pool, Jacuzzi, and numerous toys and tender on board. Pelorus can reach a top speed of 20 knots and cruises comfortably at 18 knots. She is equipped for long-distance cruising, with a range of 6000 nautical miles at 16 knots. In 2018 Pelorus underwent a major refit by Kusch Yachts.
For sale - PELORUS seeking new direction. Published 15 February 2023. The iconic PELORUS is an apex superyacht of unquestionable pedigree. She is a 115m (377.3ft) motor yacht of 5,403GT, with a steel hull and aluminium superstructure custom-built to DNV-GL classification and delivered by Lurssen in 2003. She was designed by two of the world's ...
Introduction. The SuperYacht Pelorus lives up to its name, which means "vast" in Greek, with a length of 377 feet and 3 inches (115 meters), making it one of the world's biggest yachts. Boasting a steel hull and aluminum superstructure, the yacht is designed to accommodate 18 guests and has a crew of 41, providing an unparalleled experience of luxury and comfort.
The original owner of Pelorus was a Saudi businessman who already owned a 72 metre motor yacht that he wanted to extend. Designer Tim Heywood was commissioned to investigate this possibility but could not find a really satisfactory result and instead proposed a new yacht of 85 metres. Extra features were added until the overall length reached 114.5 metres, making it the 11th largest yacht in ...
Real-time and current position of PELORUS (Pilot Vessel, MMSI: 235002086) on ais live map is in English Channel with coordinates 50.78532° / 0.05695° and speed --- knots as reported on 2021-06-24 13:18 by AIS live data.
The yacht's mast stood 72.27 meters (237 feet) high above the designated water line, just short of the world's tallest mast which is 75.2 meters, according to Guinness World Records.
The current position of PELORUS is at North West Atlantic Ocean reported 176 days ago by AIS. The vessel is sailing at a speed of 0.1 knots. The vessel PELORUS (MMSI 316046456) is a Sailing vessel and currently sailing under the flag of Canada.
According to vessel tracking app Vesselfinder, the boat left the Sicilian port of Milazzo on 14 August and was last tracked east of Palermo on Sunday evening, with a navigation status of "at anchor".
Built in Italy by renowned builder Perini Navi and delivered in 2008, the yacht's naval architecture was developed by Ron Holland Design while the interior design is by Rémi Tessier.She was formerly known as Salute and was last refitted in 2016. She was listed for sale earlier this year, according to BOATPro.The yacht had accommodation for nine guests and 12 crew.
The superyacht was last tracked east of Palermo on Sunday evening, with its navigation status as "at anchor". Dan Green, 51, Research & Investigations lead at eSysman SuperYachts - a team made up ...
After the ship sank just before 5 a.m. local time, 15 people, including a 1-year-old, were pulled from the water. Some were rescued from a life raft by the crew of a ship docked nearby.
The Bayesian was a luxury yacht built in 2008 by the Italian firm Perini Nav. It was known for its single 75-meter (246-feet) aluminum mast — one of the world's tallest. Online charter sites listed it for rent for up to 195,000 euros (about $215,000) a week.
One man has died and six people are missing after a luxury yacht sank in freak weather conditions off the coast of Sicily. The 56m British-flagged Bayesian was carrying 22 people - 12 passengers ...
Three fires blazed on a Greek-flagged oil tanker in the Red Sea, the United Kingdom Maritime Trade Operations said on Friday, one day after rescuers evacuated its crew in the wake of an assault by ...
The TOUR Championship will once again feature a staggered start beginning in Round 1 at East Lake Golf Club. Scottie Scheffler leads the FedExCup and begins the
Giovanni Costantino, CEO of the Italian Sea Group, which owns several boat brands including the yacht's builder, Perini Navi, told the Financial Times the boat was "designed to be absolutely ...
Alarmed by the prospect of increased tariffs on Chinese goods if Donald Trump is elected, some American companies are stockpiling parts and delaying expansions.