at 230pm heard CG group Cape May getting reports of a boating accident. After listening to more CGM Florida a 1000ft container ship hit a fishing vessel Dictator in 38-43.5N 073-52.0W. CG6517, a C130, Dependable, and Finback heading out to the area. Other vessels responding to area. Sounds as if the Florida is taking on water but pump keeping up. Air units now refueling in AC and returning to scene until Dependable arrives. They will be towing Dictator to Cape May.