Daniel Ladd, Director of the Office of Financial Approvals, U.S. Department of Transportation’s Maritime Administration 

Daniel Ladd, Director of the Office of Financial Approvals, U.S. Department of Transportation’s Maritime Administration 

Daniel Ladd has served as the director of the Office of Financial Approvals at the U.S. Department of Transportation’s Maritime Administration since January 2013. As director, Ladd is responsible for the administration of the Capital Construction Fund and Construction Reserve Fund programs, for determining fair and reasonable rates for food aid cargo shipped by the U.S. government, and for providing financial and economic advice to MARAD leadership and to the managers of numerous other agency programs, including the Small Shipyard Grant program; Deepwater Port Licensing program; the Maritime Security, Cable Security and Tanker Security programs; and the Federal Ship Financing program. 

Ladd previously served as an analyst and later director of the Office of Marine Financing, which administers the Federal Ship Financing program (commonly known as the Title XI), where he was involved in financing a wide variety of vessels and shipyard improvement projects, as well as managing a loan guarantee portfolio valued in excess of $2 billion. He has also served as a member of the U.S. delegation to the International Working Group on Export Credits. 

A veteran of the U.S. Army, Ladd holds a Master of Public and International Affairs degree from the University of Pittsburgh and a Bachelor of Science degree from Carnegie Mellon University