CMRE - Costamare Outlook Boosted On Rising Charter Rates

• Shipping stocks have made waves this year as COVID caused a large decrease in charter rates followed by an extreme increase.
• Thus far, COVID and its lockdowns have resulted in a severe decline in the global service economy but have had no lasting impact on the goods economy.
• Costamare has risen in recent weeks as rates have improved, but the stock is still trading at a very low historical valuation.
• The long-term outlook for container shipping is strong due to low orders for new vessels and a shortage of containers.
• CMRE appears to be a solid long-term and short-term opportunity, but the risks of a lasting economic depression or trade war growth still exist.

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