Based on the strategic and economic importance of the Syrian Merchant Fleet, this research paper was prepared to illustrate and analyze the current situation of this fleet under the prevailing circumstances, taking into account the impacts of the latest world economic crisis on the fleet, as well as the hostile western sanctions and procedures imposed on the fleet units, the researcher discussed the impact of the latest world economic crisis on the world maritime industry with emphasis on the world merchant fleet , global shipping market and on the Syrian Merchant Fleet which like many countries fleets was negatively affected by the crisis, added to this negative impacts those which were caused by the hostile sanctions and procedures imposed by the western countries against the Syrian Merchant Fleet , the researcher asserted that other Syrian economic society sectors should form a crisis management entity, including banks to support the Syrian Merchant fleet, moreover what was recommended of establishing maritime private limited companies as new business entities and grant the separation between ownership and management.