Maritime Administration

(redirected from United States Maritime Administration)
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Maritime Administration

Also called MARAD. A branch of the U.S. Department of Transportation that provides and maintains ships for use during times of national emergency. MARAD also supports military operations when requested and determines sea routes best suited for American maritime commerce.
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The acquisition is contingent upon Hvide successfully completing its initial public offering and on certain other contingencies, including approvals from the United States Maritime Administration and the Federal Trade Commission.
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