The German shipping company Hapag-Lloyd and the Norsul have set up the joint venture Norcoast, which will operate maritime cabotage services in Brazil, an activity that will be launched during the first next year's quarter. The new company will be led by CEO Gustavo Paschoa, who in He previously held management roles at Norsul, Damco, DSV and Penske Logistics. The two partners announced that the joint venture has been approved by the Brazilian Antitrust Authority and that it is has been authorised by the Agência Nacional de Transportes Aquaviários (ANTAQ) to operate as a shipping company Brazilian.

"The Brazilian coastal transport sector - he said underlined Andrés Kulka, senior managing director for Hapag-Lloyd's Latin America - is growing steadily and In 2022, it handled more than 1.2 million TEUs. Norcoast will offer integrated logistics services as well as to its customers, taking advantage of the Growing demand from the cabotiero sea freight market Brazilian'.