seasteading

noun

Etymology: Blend of sea + homesteading, coined in a 1969 United States commission report (see quotations).

1. The creation of permanent dwellings at sea, especially outside the territory claimed by any national government.

   “The territorial sea offers a new realm for individual and small business enterprises. The Commission recommends an experimental program to encourage new uses of the ocean through State leases of submarine areas within U.S. territorial waters. Such a program might be called "seasteading."”

   “Benefits from the acquisition of this new territory include the development of tremendous oil and gas reserves, new mineral, chemical and pharmaceutical resources, fish farms and such things as “seasteading” by private companies […]”