Tyrion is travelling to Meereen with Ser Jorah Mormont. They are on a ship. They have taken the dwarf woman, Penny, with them. She slowly forgives Tyrion for her brother's death and starts being friendly with him. I'm not sure whether she really likes him or sees him as a way of attaining a bit of class mobility by mixing with the nobility. It seems a bit unlikely that GRRM will write a genuine friendship storyline. Or maybe that is the surprise! Tyrion thinks Penny either wants to recruit him into her travelling jousting show or sleep with him. He's not keen on either of these ideas.
By the way Penny tells Tyrion she was recruited for Joffrey's wedding not by Cersei but by some guy called Oswald of Osmund (Kettleblack?). It occurs to me that Tyrion doesn't know yet that Varys is behind so much of that. Presumably Oswald was working with him (or was him) or Illyrio.
Not much happens otherwise. We learn a bit more about the doom of Valyria. It's all full of molten lava now, so much that the sky glows red above it. Tyrion's uncle Gerion Lannister sailed there in search of treasure and never came back, so he's sure to turn up at some point!
There's a red priest on the ship. Moqorro, who seems to be in charge of the expedition and is trying to get to Dany before others do. He's seen shadows of the others in his flames, inlcuding one who is tall, twisted and has lot of arms. Is that Bran's half-tree three-eyed-crow guy?