Since it was asked, yes: as of 2004, Mongolia engages in the ship registration business, a profitable enterprise pioneered by Panama, Liberia, and the Bahamas. And I saw such a ship this August in Hakodate.

It’s not a great picture, but you can see the ship’s details: “SHEMUT, ULANBATAAR, MONGOLIA.” Joe of MF, who was with me at the time, may have a better picture.

Comments to this entry
Rommel
December 1, 2006
8:30 pm
In all seriousness though, good for those resourceful Mongolians - although sadly it probably only benefits a small fraction of the population.
Joe
December 2, 2006
8:27 am
http://www.flickr.com/photos/redjoe/232714997/
The Marmot’s Hole » Mongolian ship sighting!
December 2, 2006
9:00 am