“A Greek owned vessel, built in Korea, may be chartered to a Danish operator, who employs
Philippine seafarers via a Cypriot crewing agent, is registered in Panama, insured in the UK,
and transports German made cargo in the name of a Swiss freight forwarder from a Dutch port
to Argentina, through terminals that are concessioned to port operators from Hong Kong and
Australia” (Kumar and Hoffmann, 2002, p. 36)