“…In this paper, when addressing cooperation and competition as consequences in the shipping industry in Brazil, we support the concepts of Nalebuff and Bradenburger (1997) by identifying which organizations add value to their business by cooperating while competing, since the simultaneous existence of competitive and cooperative interactions is a fundamental characteristic of coopetition (Kavirathna et al, 2019). Our study has (a) heterogeneity between the parties involved -shipping lines, operators, cargo owners, and other shipbrokers -useful for studying aspects of the industry's proximity, including competition, and (b) although the industry is strongly dependent on relationships, the propensity to form relationships varies, therefore, these characteristics allow an exploration of the probability of forming bonds (Nowińska, 2019).…”