Liberty Ships were not operated by the Navy. They were administered by the United States Maritime Commission, which was a federal agency and part of the auxiliary fleet.
As usual, Trumpeter's color suggestions belong in the waste basket. Liberty ships were the same color horizontal and vertical; the undersides of the overheads are often but not always white.
A good color match is 5-O Ocean Gray but it's a commercial, not a military color and they were built in lots of different shipyards.
Model Master has a paint of that name. I think it's a little dark, but it looks pretty good.