Maritime Administration (MARAD)

Maritime Administration (MARAD),

Definition of Maritime Administration (MARAD):

  1. A division of the U.S. Department of Transportation whose main functions are to administer financial programs for the development and maintenance of the U.S. Merchant Marine, organize the financing of shipbuilding, and direct merchant shipping in times of emergency.

Meaning of Maritime Administration (MARAD) & Maritime Administration (MARAD) Definition