THE IMPACT OF HOUSING RECESSION BEGAN LAST YEAR, HAS SPREAD GRADUALLY TO ALL SECTORS OF THE ECONOMY AND REACHED TO THE BORDERS OF EUROPE, MIDDLE EAST, ASIA AND THE FAR EAST. STOCK MARKET CRASH AND REDUCTION IN INVESTMENT HAD MANY EFFECTS ON THE WORLD'S ADVANCED ECONOMIES. GLOBAL MANUFACTURING INDEX FELL TO 50 PERCENT AND ALSO THE PRICE OF STOCKS. THE IMPACT OF THIS RECESSION ON THE IRANIAN ECONOMY WAS IMPRESSIVE AND CAUSED THE DRAMATIC FALL IN OIL PRICES AND A SHARP DROP IN FOREIGN EXCHANGE EARNINGS, HIGH INFLATION AND THE RISING COST OF BASIC COMMODITIES. THE IMPACT OF THE TSUNAMI ON THE MARITIME TRANSPORT SECTOR WAS ALSO CONSIDERABLE THAT MANY SHIPS WERE IDLE AND WAITING FOR THE GOODS. MARINE SHIPMENT FREIGHT DECLINED UNPRECEDENTEDLY. MANY COUNTRIES TO PROTECT THEIR DOMESTIC INDUSTRIES TURNED TO PROTECTIONIST POLICIES. TO ESCAPE FROM THIS PROBLEM, THE GOVERNMENT, WITH THE SUPPORT AND SUPERVISION SHOULD PAVE THE WAY FOR STRENGTHENING FREE ECONOMY. IN THIS PAPER ATTEMPT HAS BEEN MADE TO MENTION THE CONSEQUENCES OF THE Economic crisis ON THE SHIPPING SECTOR AND DESCRIBE THE CURRENT SITUATION IN THIS REGARD, STRATEGIES AND SOLUTIONS TO PREVENT THE SPREAD OF THE CONSEQUENCES OF THE crisis ON THE ECONOMY AND THE SHIPPING INDUSTRY ARE PROVIDED.