The Prince of Morocco tries the casket lottery for Portia’s hand. He chooses the gold casket which bears the inscription: “Who chooseth me shall gain what many men desire.”
Back in Venice, Solanio and Alarino explain that Shylock is devastated at the loss of his daughter and his money, while one of Antonio’s ships has sunk.
The Prince of Arragon next tries the lottery and chooses the silver casket, which bears the inscription: “Who chooseth me shall gain what many men desire.”
In Venice we learn that another of Antonio’s ships has sunk.