Could the Electric Hydrofoil Ferry Change the Way We Commute?
Now, driven by congestion and the revitalization of urban waterfronts, ferries are making a comeback.
'We see it as a blue superhighway that is still untapped,' said Geoff Symonds, chief operating officer of Uber Boat by Thames Clippers, a ferry network based in London.
Ferry commuting scores higher on customer satisfaction surveys than other modes of public transit, offering amenities like ample seating, space for bikes and breathtaking skyline views, and it was the first to return to prepandemic ridership levels in cities like New York, San Francisco, Stockholm and Auckland, New Zealand.
What operators struggle to offer, however, is a fast, sustainable mode of transit. 'Commuters want speed,' said Jakob Kuttenkeuler, a professor of naval architecture at the KTH Royal Institute of Technology in Stockholm.
Over the last few months, however, Stockholm has been testing a vessel that may solve that problem: the world's first electric hydrofoil ferry.
Want all of The Times? Subscribe.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
32 minutes ago
- Business Insider
Why this $6 billion investment firm is diving into the hedge fund talent wars
The competition for top investing talent is higher than ever. Megafunds like Izzy Englander's Millennium, Ken Griffin's Citadel, and Steve Cohen's Point72 offer moneymakers tens of millions in potential payouts and top-tier perks. Up-and-coming funds and new launches such as Verition, Walleye, and Jain Global are constantly scouring the landscape for investors. Explosive growth in private market assets means PE funds and new private credit firms need head count. In short, it's a labor market that favors the employee, not the employer. Englander himself called it a " talent bubble" in 2023. Despite this dynamic, $6 billion New York-based New Holland Capital is expanding from its traditional, fund-of-funds structure with a new unit focused on bringing investment talent in-house. Plum Island Partners, named after a small spit of land off Long Island discovered by Dutch explorers in the 17th century, will be run by Omar Qaiser, according to a note sent to clients seen by Business Insider. Qaiser is the former COO of investment platform North Rock Capital. "While the majority of our platform will continue to be composed of external teams, we've now established Plum Island Partners to serve as New Holland's internal trading and operations arm," the note reads. "While our focus on niche, capacity-constrained strategies will not change, this evolution allows us to expand the universe of potential PMs to include those who have no interest in running a business," the note adds. When it comes to potential payouts, small platforms cannot compete with firms like Millennium and Citadel. But there are investment strategies that can only manage a certain amount of money — say $100 million — that are not of interest to the biggest players because the potential returns are too marginal to make a difference, several smaller platforms have said. Some tenured investors are also looking for more customized risk parameters, which the largest funds struggle to offer given their organizations' size. It's why places like New Holland, among other smaller funds, have decided to bring more talent in-house even as bigger firms like Millennium increasingly allocate to external managers. "We're trying to be indifferent — we want to find good talent and have a home for them," said New Holland CEO Scott Radke, who noted that he still expects most of the firm's investors to be external. He said the manager has more than 40 external managers right now, while Plum Island has one internal PM, an equity capital markets investor. The new unit expects to add several more this year, but has no set goal. New Holland began as an investment advisor for Dutch pension plans and has since become independent. Last month, it hired former Brevan Howard executive Stephan Brohme as its chief risk officer.
Wall Street Journal
an hour ago
- Wall Street Journal
Stocks to Watch Monday: Tesla, Shell, Oracle
↘️ Tesla (TSLA): Chief Executive Elon Musk said Saturday he had created a new political party, after reigniting a feud with President Trump over the tax-and-spending bill. Trump said Musk's newly formed America Party would cause confusion; "it's ridiculous." Tesla shares slid 7% in premarket trading. ↘️ Shell (UK:SHEL), (SHEL): The global energy company said earnings from gas trading would fall significantly this quarter due to volatile prices. Shares dropped 3% in London. 🔎 Oracle (ORCL): The company is slicing the cost of its database software and cloud-computing service for the government, making it the latest tech giant to offer the Trump administration a significant discount on services. Oracle shares fell slightly premarket.
Yahoo
an hour ago
- Yahoo
What to Expect From Willis Towers Watson's Next Quarterly Earnings Report
London, U.K.-based Willis Towers Watson Public Limited Company (WTW) is a leading global advisory, broking, and solutions company. Its solutions include risk management, benefits optimization, and capability expansion. Valued at $30.4 billion by market cap, WTW operates through Risk & Broking and Health, Wealth & Career segments. The company is expected to announce its second-quarter results on Thursday, Jul. 24. Ahead of the event, analysts expect WTW to deliver adjusted earnings of $2.66 per share, up 4.3% from $2.55 per share reported in the year-ago quarter. While the company has missed the Street's bottom-line estimates once over the past four quarters, it has surpassed the expectations on three other occasions. Chevron Stock's 4.6% Dividend Yield and 1.67% One Month Short Put Yield Make CVX a Buy Tariff Dealine, Fed Minutes and Other Key Thing to Watch this Week SoFi Stock Is Betting on Crypto Again. How Should You Play SOFI Stock Here? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For the full fiscal 2025, WTW is expected to deliver an EPS of $16.55, down 2.2% from $16.93 reported in the previous year. While in fiscal 2026, its earnings are expected to rebound 14.1% year-over-year to $18.89 per share. WTW stock has gained 17.8% over the past 52 weeks, outpacing the S&P 500 Index's ($SPX) 13.4% returns but underperforming the Financial Select Sector SPDR Fund's (XLF) 28% surge during the same time frame. Willis Towers Watson's stock prices declined 5.7% following the release of its lackluster Q1 results on Apr. 24. Its organic revenues for the quarter increased 5% but due to the sale of TRANZACT, WTW's overall topline dropped by 5% year-over-year to $2.2 billion. This figure fell short of the Street's expectations by a notable 3.9%. Furthermore, the company's adjusted EPS for the quarter remained flat compared to the year-ago quarter at $ 3.13 and missed the consensus estimates by 2.2%, unsettling investor confidence. Nevertheless, the stock holds a consensus 'Moderate Buy' rating overall. Of the 19 analysts covering the WTW stock, opinions include 12 'Strong Buys,' one 'Moderate Buy,' five 'Holds,' and one 'Strong Sell.' Its mean price target of $364.70 indicates an 18.9% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
