The United States Shipping Board was established as an emergency agency by the Shipping Act (39 Stat. 729), 7 September 1916. It was formally organized 30 January 1917. It was sometimes referred to as the War Shipping Board.
The Shipping Board's functions were to:
- Regulate:
- commercial maritime carriers and trade practices,
- marine insurance,
- transfers of ship registry, and
- the rates charged in interstate waterborne commerce.
- Investigate adequacy of port and water transportation facilities,
- Determine the necessity for steamship lines and the characteristics of vessels on those lines,
- Develop a naval auxiliary and merchant marine, and
- Subsidize private ship construction.
The Board was abolished, effective 2 March 1934.
Its successor agencies have been the U.S. Shipping Board Bureau of the U.S. Department of Commerce (1933–36); the U.S. Maritime Commission (1936–50); the U.S. Federal Maritime Board of the Department of Commerce (regulatory functions only, 1950–61); the U.S. Federal Maritime Commission (regulatory functions only, 1961- ); the United States Maritime Administration of the Department of Commerce (all other functions, 1950–81); and the U.S. Maritime Administration of the U.S. Department of Transportation (all other functions, 1981- ).
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—Paula Lopossa, U.S. judge. As quoted in the New York Times, p. B9 (May 21, 1993)
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