Essayer OR - Gratuit
A barge's eyeview of globalization
Business Standard
|May 12, 2025
Container ships are designed to be blandly functional. Gigantic metal platforms, they chug along from port to port and are habitually taken for granted—until, that is, they run aground on the jagged rocks of catastrophe.
When the pandemic arrived five years ago, Americans who were trying in vain to procure protective gear like face masks got an unwanted lesson in the intricacies of global supply chains. Today, in the wake of Trump's tariffs, including a whopping 145 percent on China, the exact locations of container ships have become a matter of grim fascination.
Over the last couple of weeks, social media users have been posting live maps of cargo traffic as if on hurricane watch.
"Normally, the physical dimension of globalization remains in the background, relatively unnoticed," Ian Kumekawa writes in his new book, Empty Vessel. A historian at Harvard, he realized that one way to make the abstract workings of the global economy more concrete would be to tether them to something you could touch. The "empty vessel" of his title is a barge made of steel that weighs 9,500 deadweight tonnes. It has served as a "floatel" for oil rig workers, a barracks for British soldiers, a jail for New York City inmates, among other things. Like Zelig, it adapted to whatever it was expected to be: "Its emptiness has been its defining characteristic."
This elegant and enlightening book is an impressive feat, especially given that its main character is, as Kumekawa admits, stubbornly uncharismatic: "a dumb pontoon without voice, personality or drive."
Cette histoire est tirée de l'édition May 12, 2025 de Business Standard.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Business Standard
Business Standard
Bharat Forge signs ₹300 cr contract under EP-VI norms for army, navy
Bharat Forge Limited (BFL) has secured defence contracts worth ₹3300 crore under the Emergency Procurement-VI (EP-VI) framework for supplying indigenous unmanned systems to the security forces.
1 min
January 17, 2026
Business Standard
Centre likely to adjust ₹968 cr withheld tax
Tax authorities are set to adjust around ₹967.52 crore withheld in connection with Tiger Global’s exit from Flipkart, following a Supreme Court ruling that asked the US-based investor to pay around 214,500 crore in taxes, according to senior Central Board of Direct Taxes (CBDT) officials.
2 mins
January 17, 2026
Business Standard
Pakistan se azaadi
Pakistan not only has zero chance of catching up with India in most areas, but will inevitably see the gap rising. Its leaders will offer its people the same snake oil in different bottles
5 mins
January 17, 2026
Business Standard
Foreign investors’ interest in GIFT City may increase
India’s International Financial Services Centre (IFSC) at GIFT City in Gujarat could see higher interest from foreign investors as they reassess offshore structures after the Supreme Court’s Tiger Global ruling.
2 mins
January 17, 2026
Business Standard
Best suited for first-time equity investors seeking broad market exposure
Flexicap funds saw the sharpest rise in assets under management (AUM) among equity-oriented schemes in 2025.
2 mins
January 17, 2026
Business Standard
Reliance Retail reports 9.2% jump in operational revenue
Reliance Retail Ventures Ltd (RRVL) on Friday reported a 2.1 per cent year-on-year rise in net profit at ₹3,558 crore for the third quarter of 2025-26 (FY26).
1 mins
January 17, 2026
Business Standard
EPFO may employ third-party agents to resolve member grievances, queries
The Employees’ Provident Fund Organisation (EPFO) is likely to empanel third-party agents to help resolve queries and grievances of members, said two officials aware of the matter.
2 mins
January 17, 2026
Business Standard
Here comes the Sun-dance
Two short films set in South India will premiere at the largest independent film festival in the US. The debutant directors talk about their first steps into filmmaking
4 mins
January 17, 2026
Business Standard
SAT sets aside Sebi order on Bombay Dyeing, promoters
The Securities Appellate Tribunal (SAT) has set aside the Securities and Exchange Board of India’s (Sebi’s) October 2022 order against Bombay Dyeing and Manufacturing Company (BDMCL), and its promoters Nusli Wadia and sons Ness and Jehangir.
1 min
January 17, 2026
Business Standard
Margin pressures drag down RIL’s profit to 4-qtr low
Retail, oil & gas divisions remain laggards
3 mins
January 17, 2026
Listen
Translate
Change font size
