A Burning Sea: Arbitrage and Smuggling in the Western Indian Ocean

Wooden sailing vessels or dhows have long traversed the Indian Ocean making it what some scholars have called, “the cradle of globalization.” Today, dhows or vahans from Kachchh in western India continue to traverse old Indian Ocean routes, functioning as an economy of arbitrage, becoming crucial intermediaries in global shipping. This talk traces how this mobile trade network is anchored or moored in specific places and economic concepts in some moments, and unmoored in others. Focusing on arbitrage, long a strategy used by Indian Ocean merchants, I argue that value in the contemporary dhow trade is created through arbitraging across different markets in Persian Gulf. Tracing the movement of one Kachchhi vahan across the Indian Ocean, I argue that  sanctions regimes, and questions of jurisdiction at sea in the Persian Gulf have created a geopolitical climate in which value is produced at multiple scales through the intersection of these logics, the body of the sailor becoming the site for capturing value and crafting sovereignty at sea.