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Q1 2020 Costamare Inc Earnings Call Transcript
Thank you for standing by, ladies and gentlemen, and welcome to the Costamare Inc. Conference Call on the First Quarter 2020 Financial Results. We have with us Mr. Gregory Zikos, Chief Financial Officer of the company. (Operator Instructions) I must advise you that this conference is being recorded today, Wednesday, April 29, 2020.
We would like to remind you that this conference call contains forward-looking statements. Please take a moment to read Slide #2 of the presentation, which contains the forward-looking statements.
And I will now pass the floor to your speaker today, Mr. Zikos. Please go ahead, sir.
Thank you, and good morning, ladies and gentlemen. COVID-19 presents the largest shock in the global economy since the 2008-2009 crisis. The supply of containerized goods has experienced another episode of disruption and the industry must now contend with the consequences of reduced demand. Determining the timing and shape of the recovery is a challenge. Yet, it is worth noting that
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