In which Kamele receives news of her daughter.
I like that the news of Theo’s activities comes from news sources that show a range of degrees of reliability and accuracy, where a writer less committed to worldbuilding might have just had one. (I particularly appreciate the detail of the biased summary on the Eylot situation saying “Eylot threatened with interdiction; vessel destroyed”, which makes it sound like somebody threatened Eylot for no reason and then destroyed a ship, instead of Eylot destroying a ship and being threatened with consequences.)
Joyita has acquired a fourth ring since last time they were mentioned, which was at Velaskiz Rotundo, just before Kara signed on as crew – and putting that way makes me wonder if that’s the key. Perhaps the fourth ring represents Kara, and the original two represent Theo and Clarence… or Theo and Win Ton, the holders of the first two ship keys, and the third was added at the point when Bechimo accepted Clarence as a crew member and not just a temporary nuisance. (It appears, I think, at about the same point that Bechimo stops objecting to being addressed as “Chimmy”.)