John F. Reinhart announced his retirement as president and chief executive officer of Maersk Line, Ltd. (MLL) on Tuesday,
He will continue to lead the company, the U.S.-flag arm of Denmark's A.P. Moller-Maersk Group, until his departure at the end of January 2014.
“I have been blessed to be part of the A.P. Moller-Maersk Group for almost 23 years, and it has been my privilege and honor to work together with you for the past 14 years,” Reinhart wrote to MLL colleagues. "MLL has a strong team and financial base, and the company is in position to continue its 30-year tradition of service and growth.”
Maersk said it will announce Reinhart’s replacement when its succession plan is set.
Headquartered in Norfolk, Va., MLL provides U.S.-flag transportation, ship management and maritime technical services to government and commercial customers.
In 1983, MLL won its first government contract to convert and operate five military prepositioning ships.
Today, it has a fleet of 34 commercial ships (all of which are U.S. flagged, save one foreign-flag tanker) and also manages 22 ships for the U.S. Defense Department's Military Sealift Command. Over its history MLL has managed and operated more than 110 vessels of varying types and sizes. With the largest U.S.-flag fleet in international commercial service, it employs about 4,200 U.S. mariners annually and works with all the major U.S. maritime unions.
Maersk Line Ltd. has been very much in the spotlight during the past week with the release of the movie Captain Phillips
, which recounts the hijacking of Maersk Alabama in April 2009 by Somalia pirates
. The company has created a special Web page about the hijacking of the ship, which is used as a feeder in East Africa and the eventual rescue of Capt. Richard Phillips from the pirates.