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Shares of Costamare (NYSE: CMRE) fell 14.1% in September, according to data from S&P Global Market Intelligence , after it got caught in the downdraft that plagued shipping stocks in the middle of the month.
Costamare's stock had been on the rise early in the month, as there were signs the market for container ships was returning. The Wall Street Journal reported container imports into the U.S. were on the rise, and as my colleague Rich Smith noted, the cost of shipping a container from Shanghai to California was at a record level.