Foreign investment in maritime transportation and fishery activities is limited to Lebanese vessels, which can only be owned by companies where Lebanese nationals hold the majority of the capital.
"Chapter II: - In the ship's subordination and identification
Article 2 (amended by Law 61/1964 ) (amended by Act 10/1954)(As amended by the laws of 21 K 1 in 1954) 30/12/64 and 14/2/66 ):
According to Table No. 9 of the Budget Law No. 280 T 15/12/93:  The Lebanese ship is considered to be Lebanese if it is connected to a Lebanese port, at least half of which is owned by Lebanese or Lebanese companies, where majority of the shareholders and members of the board of directors are Lebanese nationals.
All Lebanese vessels destined for long-range navigation shall be deemed to be Lebanese, regardless of the nationality of their owners, if they are attached to a Lebanese port, provided that their registration is subject to a prior license given by a decision of the Minister of Public Works.
The paragraphs shall be added by virtue of Law No. 280 of 15/12/93 and amended by Decision No. 107 / 23/7/99: 
a) The ship shall also be considered Lebanese if it is connected to a Lebanese port and at least half of it is owned by:
- A partnership company with all its Lebanese partners. 
- An ordinary company in which all responsible partners are Lebanese.
- A limited liability company where most partners, including the Director, and most of the companies are Lebanese .
(B) The text of paragraph (b) was amended in accordance with table 9 of Law No 107 dated 23/7/1999, and the text of item B was canceled by Decree No. 4022/2/2007, GR 12 (2007 Budget) (10%) of these revenues, which shall be applied to all extension stations and licensed guides in all ports and estuaries.  
(C) The previous fees which are contrary to these fees shall be canceled and any reduction or deduction Given to Lebanese ships
[...]
Article 4
Lebanese vessels only have the right to fish on the coast and the right of coastal commercial navigation between the Lebanese ports and Qatar ships in their entry into and exit from these ports. [...]" (Maritime Trade Law of 1947 (18/2/1947))
Maritime Trade Law of 1947 (18/2/1947)
[<a href="http://www.databank.com.lb/doc.asp?ID=940">Law</a>],[<a href="https://www.lexmundi.com/CountryGuides/PDF/Guide_Lebanon.pdf">Other</a>]