The Syrian merchant fleet has experienced severe conditions in the last years due to
the impacts of the world economic crisis, the hostile western sanctions imposed on the fleet
units, and the increasing trend by many Syrian ship-owners to sell the
ir ships. Hence, this
research has been prepared to examine the role of unconventional financial methods and
their role in the process of getting the different brands and models necessary develop the
Syrian merchant fleet; primarily containership. The research concluded that the high prices
of ships and the difficulty of finding the huge investments required for the direct purchase
of models, brands and loads necessary made more difficult for developing countries , like
Syria, to pursue the style of direct purchase of ships. So the research displays and analyses
a number of unconventional financial measures through which it becomes possible to
develop the Syrian merchant fleet and override the difficulty of direct purchase are to be
used to overcome this difficulty. These measures may include time charter, voyage
charter, bareboat charter, financial leasing ,and legislating the laws necessary to organize
these measures. The research asserts that Syrian economic sectors should strongly support
the fleet by offering facilities and support for the fleet development process, moreover ,
commercial banks should work on rescheduling the loans of troubled shipping companies
which suffer difficulties due to the above mentioned reasons .
