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Flags of Convenience: Ships, Planes, and Olive Oil
What do a wet-leased Arkia aircraft with a Maltese registration and a bottle of Tunisian olive oil on an Israeli shelf have in common? Both rely on the same trick — attaching a nationality that has nothing to do with who owns or operates the thing, purely because that nationality makes the transaction easier. This episode unpacks the flag of convenience: where it came from, how Panama and Liberia came to dominate global shipping tonnage, why Malta built an aircraft registry, and how intermediary jurisdictions let goods move between countries with no diplomatic relations. We also trace the…
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