<?xml version="1.0" encoding="utf-8"?>
<!--
Taxonomy Label Links linkbase based on XBRL standard Version 2.1.
Created by UBmatrix Taxonomy Designer 3.0.2.2383 (2008-08-05 09:43).  
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Copyright (c) 2002-2012 UBmatrix inc., All Rights Reserved
Produced on 2012-03-14 12:29:38
-->
<linkbase
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    <loc xlink:type="locator"
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      xlink:label="cmre_AccruedCharterRevenueCurrentNonCurrentUnearnedRevenueCurrentNonCurrentTextBlock_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">Includes entire disclosure for accrued and deferred revenue.</label>
    <label xlink:type="resource"
      xlink:label="cmre_AccruedCharterRevenueCurrentNonCurrentUnearnedRevenueCurrentNonCurrentTextBlock_lbl"
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      xlink:role="http://www.xbrl.org/2003/role/label">Accrued Charter Revenue, Current and Non-Current and Unearned Revenue, Current and Non-Current [Text Block]</label>
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      xlink:label="cmre_AccruedCharterRevenueUnearnedRevenueDisclosureAbstract"
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    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_AccruedCharterRevenueUnearnedRevenueDisclosureAbstract"
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    <label xlink:type="resource"
      xlink:label="cmre_AccruedCharterRevenueUnearnedRevenueDisclosureAbstract_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Accrued Charter Revenue and Unearned Revenue Disclosure [Abstract]</label>
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      xlink:label="cmre_AccruedRevenueReceivableNoncurrent"
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    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_AccruedRevenueReceivableNoncurrent"
      xlink:to="cmre_AccruedRevenueReceivableNoncurrent_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_AccruedRevenueReceivableNoncurrent_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">The noncurrent portion of revenue earned but not yet received, which were recognized in under the straight-line method in conformity with revenue recognition criteria based on specific contractual terms.</label>
    <label xlink:type="resource"
      xlink:label="cmre_AccruedRevenueReceivableNoncurrent_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">AccruedCharterRevenueNoncurrent</label>
    <label xlink:type="resource"
      xlink:label="cmre_AccruedRevenueReceivableNoncurrent_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued charter revenue</label>
    <loc xlink:type="locator"
      xlink:label="cmre_AccruedRevenueReceivable"
      xlink:href="cmre-20111231.xsd#cmre_AccruedRevenueReceivable" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_AccruedRevenueReceivable"
      xlink:to="cmre_AccruedRevenueReceivable_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_AccruedRevenueReceivable_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">The current portion of revenue earned but not yet received, which were recognized in under the straight-line method in conformity with revenue recognition criteria based on specific contractual terms.</label>
    <label xlink:type="resource"
      xlink:label="cmre_AccruedRevenueReceivable_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Accrued charter revenue</label>
    <loc xlink:type="locator"
      xlink:label="cmre_AdvancesForVesselAcquisitionsCashOutflow"
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    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_AdvancesForVesselAcquisitionsCashOutflow"
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    <label xlink:type="resource"
      xlink:label="cmre_AdvancesForVesselAcquisitionsCashOutflow_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">The cash outflow associated with the advances for vessel acquisitions.</label>
    <label xlink:type="resource"
      xlink:label="cmre_AdvancesForVesselAcquisitionsCashOutflow_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Advances for vessel acquisitions Cash Outflow</label>
    <label xlink:type="resource"
      xlink:label="cmre_AdvancesForVesselAcquisitionsCashOutflow_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Advances for vessels acquisitions</label>
    <loc xlink:type="locator"
      xlink:label="cmre_AdvancesForVesselAcquisitionsDisclosureAbstract"
      xlink:href="cmre-20111231.xsd#cmre_AdvancesForVesselAcquisitionsDisclosureAbstract" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_AdvancesForVesselAcquisitionsDisclosureAbstract"
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    <label xlink:type="resource"
      xlink:label="cmre_AdvancesForVesselAcquisitionsDisclosureAbstract_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Advances for Vessel Acquisitions Disclosure [Abstract]</label>
    <loc xlink:type="locator"
      xlink:label="cmre_AdvancesForVesselAcquisitionsTextBlock"
      xlink:href="cmre-20111231.xsd#cmre_AdvancesForVesselAcquisitionsTextBlock" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_AdvancesForVesselAcquisitionsTextBlock"
      xlink:to="cmre_AdvancesForVesselAcquisitionsTextBlock_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_AdvancesForVesselAcquisitionsTextBlock_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">The disclosure relating to advances paid for vessel acquisitions or construction and other vessel costs relating to the predelivery period.</label>
    <label xlink:type="resource"
      xlink:label="cmre_AdvancesForVesselAcquisitionsTextBlock_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Advances for Vessel Acquisitions [Text Block]</label>
    <loc xlink:type="locator"
      xlink:label="cmre_AdvancesForVesselAcquisitions"
      xlink:href="cmre-20111231.xsd#cmre_AdvancesForVesselAcquisitions" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
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    <label xlink:type="resource"
      xlink:label="cmre_AdvancesForVesselAcquisitions_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">The sum of 1) the carrying amount at the balance sheet date of long-lived assets under construction that include construction costs to date on capital projects that have not been completed and assets being constructed that are not ready to be placed into service; and 2) Advances to sellers for purchases of secondhand vessels.</label>
    <label xlink:type="resource"
      xlink:label="cmre_AdvancesForVesselAcquisitions_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Advances for vessel acquisitions</label>
    <loc xlink:type="locator"
      xlink:label="cmre_AmortizationUnearnedRevenue"
      xlink:href="cmre-20111231.xsd#cmre_AmortizationUnearnedRevenue" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_AmortizationUnearnedRevenue"
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    <label xlink:type="resource"
      xlink:label="cmre_AmortizationUnearnedRevenue_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of amortization of unearned revenue recorded during the period.</label>
    <label xlink:type="resource"
      xlink:label="cmre_AmortizationUnearnedRevenue_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Amortization of unearned revenue</label>
    <loc xlink:type="locator"
      xlink:label="cmre_ComprehensiveIncomeLossDisclosureAbstract"
      xlink:href="cmre-20111231.xsd#cmre_ComprehensiveIncomeLossDisclosureAbstract" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_ComprehensiveIncomeLossDisclosureAbstract"
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    <label xlink:type="resource"
      xlink:label="cmre_ComprehensiveIncomeLossDisclosureAbstract_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Comprehensive Income (Loss) Disclosure [Abstract]</label>
    <loc xlink:type="locator"
      xlink:label="cmre_DeferredChargesDisclosureAbstract"
      xlink:href="cmre-20111231.xsd#cmre_DeferredChargesDisclosureAbstract" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_DeferredChargesDisclosureAbstract"
      xlink:to="cmre_DeferredChargesDisclosureAbstract_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_DeferredChargesDisclosureAbstract_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Deferred Charges Disclosure [Abstract]:</label>
    <loc xlink:type="locator"
      xlink:label="cmre_DeferredChargesTextBlock"
      xlink:href="cmre-20111231.xsd#cmre_DeferredChargesTextBlock" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_DeferredChargesTextBlock"
      xlink:to="cmre_DeferredChargesTextBlock_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_DeferredChargesTextBlock_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">The entire disclosure for deferred charges.</label>
    <label xlink:type="resource"
      xlink:label="cmre_DeferredChargesTextBlock_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Deferred Charges [Text Block]</label>
    <loc xlink:type="locator"
      xlink:label="cmre_DocumentEntityInformationAbstract"
      xlink:href="cmre-20111231.xsd#cmre_DocumentEntityInformationAbstract" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_DocumentEntityInformationAbstract"
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    <label xlink:type="resource"
      xlink:label="cmre_DocumentEntityInformationAbstract_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Document and Entity Information [Abstract]</label>
    <loc xlink:type="locator"
      xlink:label="cmre_DrydockingCosts"
      xlink:href="cmre-20111231.xsd#cmre_DrydockingCosts" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_DrydockingCosts" xlink:to="cmre_DrydockingCosts_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_DrydockingCosts_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">Cash paid during the reporting period for vessel drydocking costs.</label>
    <label xlink:type="resource"
      xlink:label="cmre_DrydockingCosts_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Drydocking costs</label>
    <label xlink:type="resource"
      xlink:label="cmre_DrydockingCosts_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Drydockings</label>
    <loc xlink:type="locator"
      xlink:label="cmre_FairValueChartersAssumedInAcquisitionVessels"
      xlink:href="cmre-20111231.xsd#cmre_FairValueChartersAssumedInAcquisitionVessels" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_FairValueChartersAssumedInAcquisitionVessels"
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    <label xlink:type="resource"
      xlink:label="cmre_FairValueChartersAssumedInAcquisitionVessels_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">Total fair value of time charters assumed upon acquisition of secondhand vessels.</label>
    <label xlink:type="resource"
      xlink:label="cmre_FairValueChartersAssumedInAcquisitionVessels_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Fair value of charters assumed in acquisition of vessels</label>
    <loc xlink:type="locator"
      xlink:label="cmre_GainOnSaleVessels"
      xlink:href="cmre-20111231.xsd#cmre_GainOnSaleVessels" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_GainOnSaleVessels" xlink:to="cmre_GainOnSaleVessels_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_GainOnSaleVessels_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">The difference between the sale price or salvage price and the book value of a vessel that was sold during the reporting period. This element refers to the gain (loss).</label>
    <label xlink:type="resource"
      xlink:label="cmre_GainOnSaleVessels_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Gain on sale/disposal of vessels, net</label>
    <label xlink:type="resource"
      xlink:label="cmre_GainOnSaleVessels_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Gain on sale/disposal of vessels, net</label>
    <loc xlink:type="locator"
      xlink:label="cmre_GeneralAdministrativeExpensesRelatedParties"
      xlink:href="cmre-20111231.xsd#cmre_GeneralAdministrativeExpensesRelatedParties" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_GeneralAdministrativeExpensesRelatedParties"
      xlink:to="cmre_GeneralAdministrativeExpensesRelatedParties_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_GeneralAdministrativeExpensesRelatedParties_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">The total of expenses of managing and administering the affairs of an entity paid to related parties, including affiliates of the reporting entity, which are not directly or indirectly associated with vessel operations.</label>
    <label xlink:type="resource"
      xlink:label="cmre_GeneralAdministrativeExpensesRelatedParties_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">General and Administrative Expenses-Related Parties</label>
    <label xlink:type="resource"
      xlink:label="cmre_GeneralAdministrativeExpensesRelatedParties_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2009/role/negatedLabel">General and administrative expenses-related parties</label>
    <loc xlink:type="locator"
      xlink:label="cmre_GeneralAdministrativeExpenses"
      xlink:href="cmre-20111231.xsd#cmre_GeneralAdministrativeExpenses" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_GeneralAdministrativeExpenses"
      xlink:to="cmre_GeneralAdministrativeExpenses_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_GeneralAdministrativeExpenses_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">The total of expenses of managing and administering the affairs of an entity paid to third parties which are not directly or indirectly associated with vessel operations.</label>
    <label xlink:type="resource"
      xlink:label="cmre_GeneralAdministrativeExpenses_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">General and administrative expenses</label>
    <label xlink:type="resource"
      xlink:label="cmre_GeneralAdministrativeExpenses_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2009/role/negatedLabel">General and administrative expenses</label>
    <loc xlink:type="locator"
      xlink:label="cmre_IncreaseDecreaseInAccruedCharterRevenue"
      xlink:href="cmre-20111231.xsd#cmre_IncreaseDecreaseInAccruedCharterRevenue" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_IncreaseDecreaseInAccruedCharterRevenue"
      xlink:to="cmre_IncreaseDecreaseInAccruedCharterRevenue_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_IncreaseDecreaseInAccruedCharterRevenue_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">The increase (decrease) during the reporting period, in revenue earned but not yet received, which were recognized in under the straight-line method in conformity with revenue recognition criteria based on specific contractual terms.</label>
    <label xlink:type="resource"
      xlink:label="cmre_IncreaseDecreaseInAccruedCharterRevenue_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">IncreaseDecreaseInAccruedCharterRevenue</label>
    <label xlink:type="resource"
      xlink:label="cmre_IncreaseDecreaseInAccruedCharterRevenue_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Accrued charter revenue</label>
    <loc xlink:type="locator"
      xlink:label="cmre_InterestFinanceCostsAbstract"
      xlink:href="cmre-20111231.xsd#cmre_InterestFinanceCostsAbstract" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_InterestFinanceCostsAbstract"
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    <label xlink:type="resource"
      xlink:label="cmre_InterestFinanceCostsAbstract_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Interest and Finance Costs [Abstract]:</label>
    <loc xlink:type="locator"
      xlink:label="cmre_InterestFinanceCostsTextBlock"
      xlink:href="cmre-20111231.xsd#cmre_InterestFinanceCostsTextBlock" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_InterestFinanceCostsTextBlock"
      xlink:to="cmre_InterestFinanceCostsTextBlock_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_InterestFinanceCostsTextBlock_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">Tabular disclosure of interest and finance costs and amortization of financing costs.</label>
    <label xlink:type="resource"
      xlink:label="cmre_InterestFinanceCostsTextBlock_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Interest and Finance Costs [Text Block]</label>
    <loc xlink:type="locator"
      xlink:label="cmre_ManagementFeesRelatedParties"
      xlink:href="cmre-20111231.xsd#cmre_ManagementFeesRelatedParties" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_ManagementFeesRelatedParties"
      xlink:to="cmre_ManagementFeesRelatedParties_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_ManagementFeesRelatedParties_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">Fees paid to related parties for providing the company with technical, crewing, bunkering, accounting, provisions, sale &amp; purchase services, as well as general administrative, certain commercial services, director and officer related insurance services.</label>
    <label xlink:type="resource"
      xlink:label="cmre_ManagementFeesRelatedParties_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Management fees-related parties</label>
    <label xlink:type="resource"
      xlink:label="cmre_ManagementFeesRelatedParties_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Management fees-related parties</label>
    <loc xlink:type="locator"
      xlink:label="cmre_NetSettlementsOnInterestRateSwapsQualifyingForCashFlowHedge"
      xlink:href="cmre-20111231.xsd#cmre_NetSettlementsOnInterestRateSwapsQualifyingForCashFlowHedge" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_NetSettlementsOnInterestRateSwapsQualifyingForCashFlowHedge"
      xlink:to="cmre_NetSettlementsOnInterestRateSwapsQualifyingForCashFlowHedge_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_NetSettlementsOnInterestRateSwapsQualifyingForCashFlowHedge_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">The net settlements on interest rate swaps qualifying for cash flow hedge</label>
    <label xlink:type="resource"
      xlink:label="cmre_NetSettlementsOnInterestRateSwapsQualifyingForCashFlowHedge_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Net Settlements on Interest Rate Swaps Qualifying for Cash Flow Hedge</label>
    <label xlink:type="resource"
      xlink:label="cmre_NetSettlementsOnInterestRateSwapsQualifyingForCashFlowHedge_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net settlements on interest rate swaps qualifying for cash flow hedge</label>
    <loc xlink:type="locator"
      xlink:label="cmre_OtherCapitalContribution"
      xlink:href="cmre-20111231.xsd#cmre_OtherCapitalContribution" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_OtherCapitalContribution"
      xlink:to="cmre_OtherCapitalContribution_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_OtherCapitalContribution_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">Additional Paid-in Capital attributable to  value of assets contributed by shareholders.</label>
    <label xlink:type="resource"
      xlink:label="cmre_OtherCapitalContribution_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Other Capital Contribution</label>
    <label xlink:type="resource"
      xlink:label="cmre_OtherCapitalContribution_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Contribution of shares of Uriza Shipping Co.</label>
    <loc xlink:type="locator"
      xlink:label="cmre_OtherComprehensiveIncomeLossAbstract"
      xlink:href="cmre-20111231.xsd#cmre_OtherComprehensiveIncomeLossAbstract" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_OtherComprehensiveIncomeLossAbstract"
      xlink:to="cmre_OtherComprehensiveIncomeLossAbstract_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_OtherComprehensiveIncomeLossAbstract_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Other comprehensive income/ (loss) [Abstract]</label>
    <loc xlink:type="locator"
      xlink:label="cmre_PaymentstoAcquireVessels"
      xlink:href="cmre-20111231.xsd#cmre_PaymentstoAcquireVessels" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_PaymentstoAcquireVessels"
      xlink:to="cmre_PaymentstoAcquireVessels_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_PaymentstoAcquireVessels_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">The cash outflow associated with the acquisition of vessel that are used in the normal conduct of business to produce goods and services and not intended for resale.</label>
    <label xlink:type="resource"
      xlink:label="cmre_PaymentstoAcquireVessels_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Vessel acquisitions/Addition to vessel cost</label>
    <label xlink:type="resource"
      xlink:label="cmre_PaymentstoAcquireVessels_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Vessel acquisitions/addition to vessel cost</label>
    <loc xlink:type="locator"
      xlink:label="cmre_ProceedsFromSaleVessels"
      xlink:href="cmre-20111231.xsd#cmre_ProceedsFromSaleVessels" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_ProceedsFromSaleVessels"
      xlink:to="cmre_ProceedsFromSaleVessels_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_ProceedsFromSaleVessels_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">The cash inflow from the sale of  vessels.</label>
    <label xlink:type="resource"
      xlink:label="cmre_ProceedsFromSaleVessels_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from the Sale of Vessels</label>
    <label xlink:type="resource"
      xlink:label="cmre_ProceedsFromSaleVessels_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Proceeds from the sale of vessels, net</label>
    <loc xlink:type="locator"
      xlink:label="cmre_SharesIssuedDuringPeriodSharesInitialPublicOffering"
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    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_SharesIssuedDuringPeriodSharesInitialPublicOffering"
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    <label xlink:type="resource"
      xlink:label="cmre_SharesIssuedDuringPeriodSharesInitialPublicOffering_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">Equity impact of the number of new stock issued as part of the initial public offering during the period, net of offering costs.</label>
    <label xlink:type="resource"
      xlink:label="cmre_SharesIssuedDuringPeriodSharesInitialPublicOffering_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Shares Issued During Period Shares Initial Public Offering</label>
    <label xlink:type="resource"
      xlink:label="cmre_SharesIssuedDuringPeriodSharesInitialPublicOffering_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/terseLabel">Initial Public Offering Proceeds, net, Shares</label>
    <loc xlink:type="locator"
      xlink:label="cmre_SharesIssuedDuringPeriodValueInitialPublicOffering"
      xlink:href="cmre-20111231.xsd#cmre_SharesIssuedDuringPeriodValueInitialPublicOffering" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_SharesIssuedDuringPeriodValueInitialPublicOffering"
      xlink:to="cmre_SharesIssuedDuringPeriodValueInitialPublicOffering_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_SharesIssuedDuringPeriodValueInitialPublicOffering_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">Equity impact of the value of new stock issued as part of the initial public offering during the period, net of offering costs.</label>
    <label xlink:type="resource"
      xlink:label="cmre_SharesIssuedDuringPeriodValueInitialPublicOffering_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Shares Issued During Period Value Initial Public Offering</label>
    <label xlink:type="resource"
      xlink:label="cmre_SharesIssuedDuringPeriodValueInitialPublicOffering_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/terseLabel">Initial Public Offering Proceeds, net, Value</label>
    <loc xlink:type="locator"
      xlink:label="cmre_UnearnedRevenue"
      xlink:href="cmre-20111231.xsd#cmre_UnearnedRevenue" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_UnearnedRevenue" xlink:to="cmre_UnearnedRevenue_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_UnearnedRevenue_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">The total of 1) Cash collected in advance for services that have not yet been provided, and 2) the excess of the charter rates on existing time charters on secondhand vessels acquired from third parties over the fair value of such time charters at the date of acquisition.</label>
    <label xlink:type="resource"
      xlink:label="cmre_UnearnedRevenue_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Unearned revenue</label>
    <loc xlink:type="locator"
      xlink:label="cmre_UnrealizedGainLossOnAvailableForSaleSecurities"
      xlink:href="cmre-20111231.xsd#cmre_UnrealizedGainLossOnAvailableForSaleSecurities" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_UnrealizedGainLossOnAvailableForSaleSecurities"
      xlink:to="cmre_UnrealizedGainLossOnAvailableForSaleSecurities_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_UnrealizedGainLossOnAvailableForSaleSecurities_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">This item represents the change in net unrealized holding gain or loss on available-for-sale securities that has been included in accumulated other comprehensive income, during the period.</label>
    <label xlink:type="resource"
      xlink:label="cmre_UnrealizedGainLossOnAvailableForSaleSecurities_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Unrealized gain loss on available for sale securities</label>
    <label xlink:type="resource"
      xlink:label="cmre_UnrealizedGainLossOnAvailableForSaleSecurities_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Unrealized gain (loss) on available for sale securities</label>
    <loc xlink:type="locator"
      xlink:label="cmre_VesselsNetTextBlock"
      xlink:href="cmre-20111231.xsd#cmre_VesselsNetTextBlock" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_VesselsNetTextBlock"
      xlink:to="cmre_VesselsNetTextBlock_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_VesselsNetTextBlock_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure of fixed assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Includes vessels, net. This disclosure includes fixed asset accounting policies and methodology, a schedule of fixed assets gross, additions, deletions, transfers and other changes, depreciation, accumulated depreciation and useful lives.</label>
    <label xlink:type="resource"
      xlink:label="cmre_VesselsNetTextBlock_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Vessels, Net [Text Block]</label>
    <loc xlink:type="locator"
      xlink:label="cmre_VesselsNet"
      xlink:href="cmre-20111231.xsd#cmre_VesselsNet" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_VesselsNet" xlink:to="cmre_VesselsNet_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_VesselsNet_lbl" xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">Cost of vessels, including contract price and any material expenses incurred upon acquisition (initial repairs, improvements and delivery expenses, interest and on-site supervision costs incurred during the construction periods), less accumulated depreciation.</label>
    <label xlink:type="resource"
      xlink:label="cmre_VesselsNet_lbl" xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Vessels, net</label>
    <loc xlink:type="locator"
      xlink:label="cmre_VoyageExpensesRelatedParties"
      xlink:href="cmre-20111231.xsd#cmre_VoyageExpensesRelatedParties" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_VoyageExpensesRelatedParties"
      xlink:to="cmre_VoyageExpensesRelatedParties_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_VoyageExpensesRelatedParties_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">Expenses paid to related parties primarily consisting of commissions and fees, which are paid for by the company, regardless of the charter type.</label>
    <label xlink:type="resource"
      xlink:label="cmre_VoyageExpensesRelatedParties_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Voyage expenses-related parties</label>
    <label xlink:type="resource"
      xlink:label="cmre_VoyageExpensesRelatedParties_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Voyage expenses-related parties</label>
    <loc xlink:type="locator"
      xlink:label="cmre_VoyageExpenses"
      xlink:href="cmre-20111231.xsd#cmre_VoyageExpenses" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_VoyageExpenses" xlink:to="cmre_VoyageExpenses_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_VoyageExpenses_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">Expenses paid to third parties primarily consisting of port, canal and bunker expenses, commissions that are unique to a particular charter and are paid for by the charterer under time charter arrangements or by the company under voyage charter arrangements, and commissions that are paid directly to brokers by the company.</label>
    <label xlink:type="resource"
      xlink:label="cmre_VoyageExpenses_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Voyage expenses</label>
    <label xlink:type="resource"
      xlink:label="cmre_VoyageExpenses_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Voyage expenses</label>
    <loc xlink:type="locator"
      xlink:label="cmre_VoyageRevenues"
      xlink:href="cmre-20111231.xsd#cmre_VoyageRevenues" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="cmre_VoyageRevenues" xlink:to="cmre_VoyageRevenues_lbl" />
    <label xlink:type="resource"
      xlink:label="cmre_VoyageRevenues_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/documentation">Revenues generated from time charter agreements, recognized over the term of the charter, recorded as service is provided, when they become fixed and determinable.</label>
    <label xlink:type="resource"
      xlink:label="cmre_VoyageRevenues_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Voyage revenue</label>
    <loc xlink:type="locator"
      xlink:label="dei_AmendmentFlag"
      xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_AmendmentFlag" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" />
    <label xlink:type="resource"
      xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Amendment Flag</label>
    <loc xlink:type="locator"
      xlink:label="dei_CurrentFiscalYearEndDate"
      xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_CurrentFiscalYearEndDate" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="dei_CurrentFiscalYearEndDate"
      xlink:to="dei_CurrentFiscalYearEndDate_lbl" />
    <label xlink:type="resource"
      xlink:label="dei_CurrentFiscalYearEndDate_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Current Fiscal Year End Date</label>
    <loc xlink:type="locator"
      xlink:label="dei_DocumentFiscalPeriodFocus"
      xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentFiscalPeriodFocus" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="dei_DocumentFiscalPeriodFocus"
      xlink:to="dei_DocumentFiscalPeriodFocus_lbl" />
    <label xlink:type="resource"
      xlink:label="dei_DocumentFiscalPeriodFocus_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Document Fiscal Period Focus</label>
    <loc xlink:type="locator"
      xlink:label="dei_DocumentFiscalYearFocus"
      xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentFiscalYearFocus" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="dei_DocumentFiscalYearFocus"
      xlink:to="dei_DocumentFiscalYearFocus_lbl" />
    <label xlink:type="resource"
      xlink:label="dei_DocumentFiscalYearFocus_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Document Fiscal Year Focus</label>
    <loc xlink:type="locator"
      xlink:label="dei_DocumentPeriodEndDate"
      xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentPeriodEndDate" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="dei_DocumentPeriodEndDate"
      xlink:to="dei_DocumentPeriodEndDate_lbl" />
    <label xlink:type="resource"
      xlink:label="dei_DocumentPeriodEndDate_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Document Period End Date</label>
    <loc xlink:type="locator"
      xlink:label="dei_DocumentType"
      xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentType" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" />
    <label xlink:type="resource"
      xlink:label="dei_DocumentType_lbl" xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Document Type</label>
    <loc xlink:type="locator"
      xlink:label="dei_EntityCentralIndexKey"
      xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityCentralIndexKey" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="dei_EntityCentralIndexKey"
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    <label xlink:type="resource"
      xlink:label="dei_EntityCentralIndexKey_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Entity Central Index Key</label>
    <loc xlink:type="locator"
      xlink:label="dei_EntityCommonStockSharesOutstanding"
      xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityCommonStockSharesOutstanding" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="dei_EntityCommonStockSharesOutstanding"
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    <label xlink:type="resource"
      xlink:label="dei_EntityCommonStockSharesOutstanding_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Entity Common Stock Shares Outstanding</label>
    <loc xlink:type="locator"
      xlink:label="dei_EntityCurrentReportingStatus"
      xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityCurrentReportingStatus" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="dei_EntityCurrentReportingStatus"
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    <label xlink:type="resource"
      xlink:label="dei_EntityCurrentReportingStatus_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Entity Current Reporting Status</label>
    <loc xlink:type="locator"
      xlink:label="dei_EntityFilerCategory"
      xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityFilerCategory" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
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    <label xlink:type="resource"
      xlink:label="dei_EntityFilerCategory_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Entity Filer Category</label>
    <loc xlink:type="locator"
      xlink:label="dei_EntityRegistrantName"
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    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="dei_EntityRegistrantName"
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    <label xlink:type="resource"
      xlink:label="dei_EntityRegistrantName_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Entity Registrant Name</label>
    <loc xlink:type="locator"
      xlink:label="dei_EntityVoluntaryFilers"
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    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="dei_EntityVoluntaryFilers"
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    <label xlink:type="resource"
      xlink:label="dei_EntityVoluntaryFilers_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Entity Voluntary Filers</label>
    <loc xlink:type="locator"
      xlink:label="dei_EntityWellKnownSeasonedIssuer"
      xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" />
    <labelArc xlink:type="arc"
      xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
      xlink:from="dei_EntityWellKnownSeasonedIssuer"
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    <label xlink:type="resource"
      xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl"
      xml:lang="en-US"
      xlink:role="http://www.xbrl.org/2003/role/label">Entity Well Known Seasoned Issuer</label>
    <loc xlink:type="locator"
      xlink:label="us-gaap_AccountingPoliciesAbstract"
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      xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment [Abstract]:</label>
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      xlink:role="http://www.xbrl.org/2003/role/label">FIXED ASSETS, NET [Abstract]:</label>
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      xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transactions [Abstract]:</label>
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