U.S. Federal Maritime Board
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U.S. Federal Maritime Board
The United States Federal Maritime Board was an agency within the U.S. Department of Commerce, responsible for certain aspects of merchant shipping between 1950 and 1961. History The agency was established in 1950 when the U.S. Maritime Commission was abolished and its responsibilities split between two new agencies: the Federal Maritime Board and the U.S. Maritime Administration (MARAD). The Federal Maritime Board was responsible for regulating shipping and awarding subsidies for construction and operation of merchant vessels, while MARAD was responsible for administering subsidy programs, maintaining the national defense reserve merchant fleet, and operating the U.S. Merchant Marine Academy. Abolition The Federal Maritime Board was abolished in 1961, when U.S. shipping laws were separated into two categories: regulatory and promotional. The regulatory role was assigned to the newly created Federal Maritime Commission, while the promotional role was assigned to MARAD. Responsib ...
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Merchant Shipping
Maritime transport (or ocean transport) and hydraulic effluvial transport, or more generally waterborne transport, is the transport of people (passengers) or goods (cargo) via waterways. Freight transport by sea has been widely used throughout recorded history. The advent of aviation has diminished the importance of sea travel for passengers, though it is still popular for short trips and pleasure cruises. Transport by water is cheaper than transport by air, despite fluctuating exchange rates and a fee placed on top of freighting charges for carrier companies known as the currency adjustment factor. Maritime transport accounts for roughly 80% of international trade, according to UNCTAD in 2020. Maritime transport can be realized over any distance by boat, ship, sailboat or barge, over oceans and lakes, through canals or along rivers. Shipping may be for commerce, recreation, or military purposes. While extensive inland shipping is less critical today, the major waterways ...
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Federal Maritime Commission
The United States Federal Maritime Commission (FMC) is an independent federal agency based in Washington, D.C. that is responsible for the regulation of oceanborne international transportation of the U.S. It is chaired by Daniel B. Maffei. History The FMC was established as an independent regulatory agency by Reorganization Plan No. 7, effective August 12, 1961. Prior to that time, the United States Federal Maritime Board was responsible for both the regulation of ocean commerce and the promotion of the United States Merchant Marine. Under the reorganization plan, the shipping laws of the U.S. were separated into two categories, regulatory and promotional. The newly created FMC was charged with the administration of the regulatory provisions of the shipping laws, while the promotional role was vested in the Maritime Administration (now part of the U.S. Department of Transportation). The passage of the Shipping Act of 1984 brought about a major deregulatory change in the regulat ...
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United States Shipping Board
The United States Shipping Board (USSB) was established as an emergency agency by the 1916 Shipping Act (39 Stat. 729), on September 7, 1916. The United States Shipping Board's task was to increase the number of US ships supporting the World War I efforts. United States Shipping Board program ended on March 2, 1934. Initiation The United States' maritime position had been eroding for decades with some Congressional concern, some remedies actually worsening the situation, with European shipping companies dominating overseas trade and just over 10% of the value of trade carried in U.S. owned ships. The 1916 act was the result of Congressional efforts to create a board to address the problem dating from 1914. At this time the legislation was not a part of any war effort with specific intent as stated in the act: :"An Act to establish a United States Shipping Board for the purpose of encouraging, developing, and creating a naval auxiliary and naval reserve and a Merchant Marine to ...
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Defunct Agencies Of The United States Government
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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United States Department Of Commerce Agencies
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