MARITIME TRANSPORTATION

        Progressive measures taken in an effort to develop maritime transport sector in Mongolia, to establish sea access regardless of land-locked location, and to open opportunities to transport Mongolian goods via sea have been proven effective. Under the objective to develop national maritime transport sector, we are working to initiate transport operations in cooperation with leading maritime countries. For instance, with an aim to export Mongolian mining products to a third country, Mongolia-Republic of Korea joint venture company “Mongol-Sammok Logistics Co.,ltd” /MSL/ was established in 2015.

        The brief timeline of the history of MSL establishment is as follows:

        2011-MOU between Ministry of Construction and Urban Development of Mongolia and Ministry of Land, Infrastructure and Transport of Republic of Korea

        2012- MOU in relation to Joint Venture Company between Mongolia Maritime Administration and Sammok Shipping Co.,Ltd

        2015- MOU between Ministry of Road and Transport of Mongolia and Ministry of Oceans and Fisheries of Republic of Korea,

        -Government Resolution No 180: Establishing joint venture company of maritime transportation

        -Mongolia-Korea joint venture company “Mongol-Sammok Logistics” Co.,Ltd was established in Seoul, Republic of Korea

 

        The objectives of “Mongol-Sammok Logistics” Co.,Ltd are as follows:

        -Supporting the development of maritime sector in Mongolia

        -Increasing the possibility to the sea access of Mongolia

        -Taking part in international maritime trade and transport

        -Exporting mining products of Mongolia to the third markets as well as ensuring the operations to sell them in world market with competitive rate;

        -Preparing national professionals in maritime field of Mongolia;

        -Exploiting marine resources and enabling opportunities to transport various products as well as daily commodities through sea etc.,

 

        MSL is aiming to initiate its operation by chartering the ships owned by Korean side investor. The main challenge for start MSL operation is the recent crisis in world economy and the continuous price down of mining products on world market.