By Felipe Bijit
Costamare (CMRE) is an interesting company. In the post-COVID-19 environment, it provides essential transportation services of goods for global trade, with their fleet being contracted with an average duration of 3.5 years and a substantial sales backlog. Their mid-sized fleet offers flexibility in the event that companies begin to onshore their operations as a risk management measure against pandemics and the related economic and political crises that result. Although their earnings are volatile over the supply-demand cycles related to the shipping industry, the IMO regulation means that their business's baseline