Arctic Sea repainted and sold? A Phantom?

Consider the Asian model of piracy , in which ships are redocumented, repainted and sold under another identity. What if the target is not the cargo, or ransom, but the hull? Where is the now phantom ship? What about Western Sahara/Saharan Arab Democratic Republic (SADR)? Morocco reports that it is not in El Aaiun, a port which it 'occupies' but what about the 1,110 km coastline to the south?

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