
Maersk Line, the container-ship division of Denmark's A.P. Moller-Maersk A/S , plans to raise its Latin American cargo rates by as much as 30 percent this year to stanch losses and pay for 16 ships being built for the region, the company said. The decision to raise Latin American rates comes as Maersk, the world's largest container shipping company and a barometer for world trade, struggles to recover from a world economic downturn.