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Why landlocked Mongolia has a global ship registry

HERE’S THE INTERESTING PART

Mongolia doesn't have an ocean. It doesn't even have a particularly moist border. Yet it operates a robust 'flag of convenience' ship registry. Dodgy shipowners from all over the world register their rusty cargo vessels in Ulaanbaatar to avoid strict environmental and labor laws in their own countries. It’s an administrative loophole so vast you could sail an oil tanker through it.

Why landlocked Mongolia has a global ship registry
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