Wordnet 3.0
ADJECTIVE (1)
1. 
 along or following a coast; 
- Example: "coastal shipping"- Example: "coastwise winds contributed to the storm"ADVERB (1)
1. 
 by way of, or along the coast; 
- Example: "we were travelling coastwise"
The Collaborative International Dictionary of English v.0.48:
Coastwise \Coast"wise`\ (-w[imac]z`), Coastways \Coast"ways`\,
   adv.
   By way of, or along, the coast; following a coastline; as,
   coastwise winds contributed to the storm.
   [1913 Webster + WordNet 1.5]
WordNet (r) 3.0 (2006):
coastwise
    adv 1: by way of, or along the coast; "we were travelling
           coastwise"
    adj 1: along or following a coast; "coastal shipping";
           "coastwise winds contributed to the storm"