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Photo: Hapag-Lloyd
Hapag-Lloyd and Brazilian firm Norsul have formed 50:50 joint-venture company Norcoast to provide cabotage services to Brazilian shippers and forwarders.
Under Brazilian law, cabotage – the transport of domestic cargo between domestic ports – remains the preserve of Brazilian companies, and Hapag-Lloyd said the JV had been registered as a domestic operator.
“Norcoast has already been incorporated and the partnership between Hapag-Lloyd and Norsul was also approved by the Administrative Council for Economic Defense, Brazil’s national competition regulator,” it said.
“The request to ...
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