Conference Article: Formation of Dead Zones in Global Maritime Trade During the Transition to Legitimized Piracy
Abstract
This article examines how the so called «dark» fleet (over 600 units according to IMO methodology) is ceasing to be a means of evading sanctions and transforming into a striking resource for hybrid warfare. The central mechanism of destabilization here is the «scrap or sword» dilemma: the owner of a sanctioned vessel, whose asset has been devalued to the value of scrap metal, loses the economic justification for complying with any regulations or restrictions. The article then traces the insurance market's response – the withdrawal of military coverage (7-day notice of cancellation) and the de facto abandonment of actuarial risk assessment in certain waters – which creates «dead zones». In such zones, maritime trade ceases unless sovereign reinsurance intervention occurs. This leads to the conclusion that there is a transition from a bipolar model of maritime order to a fragmented architecture, within which the creation of an Asian sovereign insurance pool based on parametric principles (blockchain, objective telemetry) is inevitable. It is argued that institutional market inertia (based on 18th - 19th century precedents) transforms traditional maritime insurance from a factor of stability into a catalyst for the collapse of global supply chains.
Keywords
legitimized piracy, privateering, shadow fleet, sanctioned vessels, uninsurable zones, war risks, coverage revocation, hybrid warfare, Asian Sovereign Insurance Pool
LINK: ami.im
