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Taxonomy Label Links linkbase based on XBRL standard Version 2.1.
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    <loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="EntityWellKnownSeasonedIssuer" xlink:title="EntityWellKnownSeasonedIssuer" xlink:type="locator"/>
    <label id="label_EntityWellKnownSeasonedIssuer" xlink:label="label_EntityWellKnownSeasonedIssuer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityWellKnownSeasonedIssuer" xlink:type="resource" xml:lang="en-US">Entity Well Known Seasoned Issuer</label>
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    <loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" xlink:title="LegalEntityAxis" xlink:type="locator"/>
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    <loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_TradingSymbol" xlink:label="TradingSymbol" xlink:title="TradingSymbol" xlink:type="locator"/>
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    <loc xlink:href="nm-20201231.xsd#nm_AboveMarketLeases1Member" xlink:label="AboveMarketLeases1Member" xlink:title="AboveMarketLeases1Member" xlink:type="locator"/>
    <label id="label_AboveMarketLeases1Member_2" xlink:label="label_AboveMarketLeases1Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AboveMarketLeases1Member" xlink:type="resource" xml:lang="en-US">Above Market Leases 1 [Member]</label>
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    <label id="label_AboveMarketLeases1Member" xlink:label="label_AboveMarketLeases1Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AboveMarketLeases1Member" xlink:type="resource" xml:lang="en-US">One of the favorable lease terms</label>
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    <loc xlink:href="nm-20201231.xsd#nm_AcceleratedAmortizationDeferredFinanceCostsMember" xlink:label="AcceleratedAmortizationDeferredFinanceCostsMember" xlink:title="AcceleratedAmortizationDeferredFinanceCostsMember" xlink:type="locator"/>
    <label id="label_AcceleratedAmortizationDeferredFinanceCostsMember" xlink:label="label_AcceleratedAmortizationDeferredFinanceCostsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AcceleratedAmortizationDeferredFinanceCostsMember" xlink:type="resource" xml:lang="en-US">Accelerated Amortization Deferred Finance Costs [Member]</label>
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    <label id="label_AcceleratedAmortizationMember" xlink:label="label_AcceleratedAmortizationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AcceleratedAmortizationMember" xlink:type="resource" xml:lang="en-US">Accelerated Amortization [Member]</label>
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    <loc xlink:href="nm-20201231.xsd#nm_AcceleratedAmortizationPremiumMember" xlink:label="AcceleratedAmortizationPremiumMember" xlink:title="AcceleratedAmortizationPremiumMember" xlink:type="locator"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsPayableExtinguishment" xlink:title="label: AccountsPayableExtinguishment to label_AccountsPayableExtinguishment" xlink:to="label_AccountsPayableExtinguishment_2" xlink:type="arc"/>
    <label id="label_AccountsPayableExtinguishment_3" xlink:label="label_AccountsPayableExtinguishment_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccountsPayableExtinguishment" xlink:type="resource" xml:lang="en-US">Claims payable to the charterer extinguishmed</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsPayableExtinguishment" xlink:title="label: AccountsPayableExtinguishment to label_AccountsPayableExtinguishment" xlink:to="label_AccountsPayableExtinguishment_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AccountsReceivableNetTextBlock" xlink:label="AccountsReceivableNetTextBlock" xlink:title="AccountsReceivableNetTextBlock" xlink:type="locator"/>
    <label id="label_AccountsReceivableNetTextBlock" xlink:label="label_AccountsReceivableNetTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AccountsReceivableNetTextBlock" xlink:type="resource" xml:lang="en-US">The entire disclosure for the accounts receivable, net of allowances.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsReceivableNetTextBlock" xlink:title="label: AccountsReceivableNetTextBlock to label_AccountsReceivableNetTextBlock" xlink:to="label_AccountsReceivableNetTextBlock" xlink:type="arc"/>
    <label id="label_AccountsReceivableNetTextBlock_2" xlink:label="label_AccountsReceivableNetTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountsReceivableNetTextBlock" xlink:type="resource" xml:lang="en-US">Accounts Receivable Net [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsReceivableNetTextBlock" xlink:title="label: AccountsReceivableNetTextBlock to label_AccountsReceivableNetTextBlock" xlink:to="label_AccountsReceivableNetTextBlock_2" xlink:type="arc"/>
    <label id="label_AccountsReceivableNetTextBlock_3" xlink:label="label_AccountsReceivableNetTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccountsReceivableNetTextBlock" xlink:type="resource" xml:lang="en-US">ACCOUNTS RECEIVABLE, NET</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsReceivableNetTextBlock" xlink:title="label: AccountsReceivableNetTextBlock to label_AccountsReceivableNetTextBlock" xlink:to="label_AccountsReceivableNetTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AccruedAuditFeesCurrent" xlink:label="AccruedAuditFeesCurrent" xlink:title="AccruedAuditFeesCurrent" xlink:type="locator"/>
    <label id="label_AccruedAuditFeesCurrent" xlink:label="label_AccruedAuditFeesCurrent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AccruedAuditFeesCurrent" xlink:type="resource" xml:lang="en-US">Audit fees and related services</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedAuditFeesCurrent" xlink:title="label: AccruedAuditFeesCurrent to label_AccruedAuditFeesCurrent" xlink:to="label_AccruedAuditFeesCurrent" xlink:type="arc"/>
    <label id="label_AccruedAuditFeesCurrent_2" xlink:label="label_AccruedAuditFeesCurrent_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccruedAuditFeesCurrent" xlink:type="resource" xml:lang="en-US">Accrued Audit Fees Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedAuditFeesCurrent" xlink:title="label: AccruedAuditFeesCurrent to label_AccruedAuditFeesCurrent" xlink:to="label_AccruedAuditFeesCurrent_2" xlink:type="arc"/>
    <label id="label_AccruedAuditFeesCurrent_3" xlink:label="label_AccruedAuditFeesCurrent_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AccruedAuditFeesCurrent" xlink:type="resource" xml:lang="en-US">Audit fees and related services</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedAuditFeesCurrent" xlink:title="label: AccruedAuditFeesCurrent to label_AccruedAuditFeesCurrent" xlink:to="label_AccruedAuditFeesCurrent_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AccruedInterest" xlink:label="AccruedInterest" xlink:title="AccruedInterest" xlink:type="locator"/>
    <label id="label_AccruedInterest" xlink:label="label_AccruedInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AccruedInterest" xlink:type="resource" xml:lang="en-US">Accrued loan interest.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedInterest" xlink:title="label: AccruedInterest to label_AccruedInterest" xlink:to="label_AccruedInterest" xlink:type="arc"/>
    <label id="label_AccruedInterest_2" xlink:label="label_AccruedInterest_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccruedInterest" xlink:type="resource" xml:lang="en-US">Accrued Interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedInterest" xlink:title="label: AccruedInterest to label_AccruedInterest" xlink:to="label_AccruedInterest_2" xlink:type="arc"/>
    <label id="label_AccruedInterest_3" xlink:label="label_AccruedInterest_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccruedInterest" xlink:type="resource" xml:lang="en-US">Accrued interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedInterest" xlink:title="label: AccruedInterest to label_AccruedInterest" xlink:to="label_AccruedInterest_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AccruedRunningCostsCurrent" xlink:label="AccruedRunningCostsCurrent" xlink:title="AccruedRunningCostsCurrent" xlink:type="locator"/>
    <label id="label_AccruedRunningCostsCurrent" xlink:label="label_AccruedRunningCostsCurrent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AccruedRunningCostsCurrent" xlink:type="resource" xml:lang="en-US">Accrued vessel running expenses.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedRunningCostsCurrent" xlink:title="label: AccruedRunningCostsCurrent to label_AccruedRunningCostsCurrent" xlink:to="label_AccruedRunningCostsCurrent" xlink:type="arc"/>
    <label id="label_AccruedRunningCostsCurrent_2" xlink:label="label_AccruedRunningCostsCurrent_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccruedRunningCostsCurrent" xlink:type="resource" xml:lang="en-US">Accrued Running Costs Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedRunningCostsCurrent" xlink:title="label: AccruedRunningCostsCurrent to label_AccruedRunningCostsCurrent" xlink:to="label_AccruedRunningCostsCurrent_2" xlink:type="arc"/>
    <label id="label_AccruedRunningCostsCurrent_3" xlink:label="label_AccruedRunningCostsCurrent_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccruedRunningCostsCurrent" xlink:type="resource" xml:lang="en-US">Accrued running costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedRunningCostsCurrent" xlink:title="label: AccruedRunningCostsCurrent to label_AccruedRunningCostsCurrent" xlink:to="label_AccruedRunningCostsCurrent_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AccruedVoyageExpensesCurrent" xlink:label="AccruedVoyageExpensesCurrent" xlink:title="AccruedVoyageExpensesCurrent" xlink:type="locator"/>
    <label id="label_AccruedVoyageExpensesCurrent" xlink:label="label_AccruedVoyageExpensesCurrent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AccruedVoyageExpensesCurrent" xlink:type="resource" xml:lang="en-US">Accrued vessel voyage and operating expenses.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedVoyageExpensesCurrent" xlink:title="label: AccruedVoyageExpensesCurrent to label_AccruedVoyageExpensesCurrent" xlink:to="label_AccruedVoyageExpensesCurrent" xlink:type="arc"/>
    <label id="label_AccruedVoyageExpensesCurrent_2" xlink:label="label_AccruedVoyageExpensesCurrent_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccruedVoyageExpensesCurrent" xlink:type="resource" xml:lang="en-US">Accrued Voyage Expenses Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedVoyageExpensesCurrent" xlink:title="label: AccruedVoyageExpensesCurrent to label_AccruedVoyageExpensesCurrent" xlink:to="label_AccruedVoyageExpensesCurrent_2" xlink:type="arc"/>
    <label id="label_AccruedVoyageExpensesCurrent_3" xlink:label="label_AccruedVoyageExpensesCurrent_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccruedVoyageExpensesCurrent" xlink:type="resource" xml:lang="en-US">Accrued voyage expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedVoyageExpensesCurrent" xlink:title="label: AccruedVoyageExpensesCurrent to label_AccruedVoyageExpensesCurrent" xlink:to="label_AccruedVoyageExpensesCurrent_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AccumulatedDepreciationMember" xlink:label="AccumulatedDepreciationMember" xlink:title="AccumulatedDepreciationMember" xlink:type="locator"/>
    <label id="label_AccumulatedDepreciationMember" xlink:label="label_AccumulatedDepreciationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AccumulatedDepreciationMember" xlink:type="resource" xml:lang="en-US">The total depreciation charge recorded for vessels subject to or held for lease.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationMember" xlink:title="label: AccumulatedDepreciationMember to label_AccumulatedDepreciationMember" xlink:to="label_AccumulatedDepreciationMember" xlink:type="arc"/>
    <label id="label_AccumulatedDepreciationMember_2" xlink:label="label_AccumulatedDepreciationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedDepreciationMember" xlink:type="resource" xml:lang="en-US">Accumulated Depreciation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationMember" xlink:title="label: AccumulatedDepreciationMember to label_AccumulatedDepreciationMember" xlink:to="label_AccumulatedDepreciationMember_2" xlink:type="arc"/>
    <label id="label_AccumulatedDepreciationMember_3" xlink:label="label_AccumulatedDepreciationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccumulatedDepreciationMember" xlink:type="resource" xml:lang="en-US">Accumulated Depreciation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationMember" xlink:title="label: AccumulatedDepreciationMember to label_AccumulatedDepreciationMember" xlink:to="label_AccumulatedDepreciationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AchillesShippingCorporationMember" xlink:label="AchillesShippingCorporationMember" xlink:title="AchillesShippingCorporationMember" xlink:type="locator"/>
    <label id="label_AchillesShippingCorporationMember" xlink:label="label_AchillesShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AchillesShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Achilles Shipping Corporation .</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AchillesShippingCorporationMember" xlink:title="label: AchillesShippingCorporationMember to label_AchillesShippingCorporationMember" xlink:to="label_AchillesShippingCorporationMember" xlink:type="arc"/>
    <label id="label_AchillesShippingCorporationMember_2" xlink:label="label_AchillesShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AchillesShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Achilles Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AchillesShippingCorporationMember" xlink:title="label: AchillesShippingCorporationMember to label_AchillesShippingCorporationMember" xlink:to="label_AchillesShippingCorporationMember_2" xlink:type="arc"/>
    <label id="label_AchillesShippingCorporationMember_3" xlink:label="label_AchillesShippingCorporationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AchillesShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Achilles Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AchillesShippingCorporationMember" xlink:title="label: AchillesShippingCorporationMember to label_AchillesShippingCorporationMember" xlink:to="label_AchillesShippingCorporationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1" xlink:label="AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1" xlink:title="AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1" xlink:type="locator"/>
    <label id="label_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1" xlink:label="label_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1" xlink:type="resource" xml:lang="en-US">Weighted average amortization period of finite- lived intangible assets acquired either individually or as part of a group of assets.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1" xlink:title="label: AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1 to label_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1" xlink:to="label_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1" xlink:type="arc"/>
    <label id="label_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1_2" xlink:label="label_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1" xlink:type="resource" xml:lang="en-US">Acquired Finite Lived Intangible Assets Weighted Average Useful Life1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1" xlink:title="label: AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1 to label_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1" xlink:to="label_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1_2" xlink:type="arc"/>
    <label id="label_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1_3" xlink:label="label_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1" xlink:type="resource" xml:lang="en-US">Weighted average amortization periods</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1" xlink:title="label: AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1 to label_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1" xlink:to="label_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AcquisitionCosts1" xlink:label="AcquisitionCosts1" xlink:title="AcquisitionCosts1" xlink:type="locator"/>
    <label id="label_AcquisitionCosts1" xlink:label="label_AcquisitionCosts1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AcquisitionCosts1" xlink:type="resource" xml:lang="en-US">The costs incurred during the period to purchase property, plant and equipment. The costs may include transportation and other acquisition costs.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionCosts1" xlink:title="label: AcquisitionCosts1 to label_AcquisitionCosts1" xlink:to="label_AcquisitionCosts1" xlink:type="arc"/>
    <label id="label_AcquisitionCosts1_2" xlink:label="label_AcquisitionCosts1_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AcquisitionCosts1" xlink:type="resource" xml:lang="en-US">Acquisition Costs 1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionCosts1" xlink:title="label: AcquisitionCosts1 to label_AcquisitionCosts1" xlink:to="label_AcquisitionCosts1_2" xlink:type="arc"/>
    <label id="label_AcquisitionCosts1_3" xlink:label="label_AcquisitionCosts1_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AcquisitionCosts1" xlink:type="resource" xml:lang="en-US">Transportation and other acquisition costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionCosts1" xlink:title="label: AcquisitionCosts1 to label_AcquisitionCosts1" xlink:to="label_AcquisitionCosts1_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AcquisitionCostsAmortizationIntangibleAssets" xlink:label="AcquisitionCostsAmortizationIntangibleAssets" xlink:title="AcquisitionCostsAmortizationIntangibleAssets" xlink:type="locator"/>
    <label id="label_AcquisitionCostsAmortizationIntangibleAssets" xlink:label="label_AcquisitionCostsAmortizationIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AcquisitionCostsAmortizationIntangibleAssets" xlink:type="resource" xml:lang="en-US">The aggregate amount of acquisition costs and aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionCostsAmortizationIntangibleAssets" xlink:title="label: AcquisitionCostsAmortizationIntangibleAssets to label_AcquisitionCostsAmortizationIntangibleAssets" xlink:to="label_AcquisitionCostsAmortizationIntangibleAssets" xlink:type="arc"/>
    <label id="label_AcquisitionCostsAmortizationIntangibleAssets_2" xlink:label="label_AcquisitionCostsAmortizationIntangibleAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AcquisitionCostsAmortizationIntangibleAssets" xlink:type="resource" xml:lang="en-US">Acquisition Costs Amortization Of Intangible Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionCostsAmortizationIntangibleAssets" xlink:title="label: AcquisitionCostsAmortizationIntangibleAssets to label_AcquisitionCostsAmortizationIntangibleAssets" xlink:to="label_AcquisitionCostsAmortizationIntangibleAssets_2" xlink:type="arc"/>
    <label id="label_AcquisitionCostsAmortizationIntangibleAssets_3" xlink:label="label_AcquisitionCostsAmortizationIntangibleAssets_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AcquisitionCostsAmortizationIntangibleAssets" xlink:type="resource" xml:lang="en-US">Acquisition costs amortization of intangible assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionCostsAmortizationIntangibleAssets" xlink:title="label: AcquisitionCostsAmortizationIntangibleAssets to label_AcquisitionCostsAmortizationIntangibleAssets" xlink:to="label_AcquisitionCostsAmortizationIntangibleAssets_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AcquisitionInvestmentsInAffiliates" xlink:label="AcquisitionInvestmentsInAffiliates" xlink:title="AcquisitionInvestmentsInAffiliates" xlink:type="locator"/>
    <label id="label_AcquisitionInvestmentsInAffiliates" xlink:label="label_AcquisitionInvestmentsInAffiliates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AcquisitionInvestmentsInAffiliates" xlink:type="resource" xml:lang="en-US">The increase/decrease during the reported period due to acquisition of investment in affiliate companies and acquisition of General Partner Units.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionInvestmentsInAffiliates" xlink:title="label: AcquisitionInvestmentsInAffiliates to label_AcquisitionInvestmentsInAffiliates" xlink:to="label_AcquisitionInvestmentsInAffiliates" xlink:type="arc"/>
    <label id="label_AcquisitionInvestmentsInAffiliates_2" xlink:label="label_AcquisitionInvestmentsInAffiliates_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AcquisitionInvestmentsInAffiliates" xlink:type="resource" xml:lang="en-US">Acquisition Investments In Affiliates</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionInvestmentsInAffiliates" xlink:title="label: AcquisitionInvestmentsInAffiliates to label_AcquisitionInvestmentsInAffiliates" xlink:to="label_AcquisitionInvestmentsInAffiliates_2" xlink:type="arc"/>
    <label id="label_AcquisitionInvestmentsInAffiliates_3" xlink:label="label_AcquisitionInvestmentsInAffiliates_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AcquisitionInvestmentsInAffiliates" xlink:type="resource" xml:lang="en-US">Acquisition of investments in affiliates / of General Partner units</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionInvestmentsInAffiliates" xlink:title="label: AcquisitionInvestmentsInAffiliates to label_AcquisitionInvestmentsInAffiliates" xlink:to="label_AcquisitionInvestmentsInAffiliates_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_Acropolis2Member" xlink:label="Acropolis2Member" xlink:title="Acropolis2Member" xlink:type="locator"/>
    <label id="label_Acropolis2Member" xlink:label="label_Acropolis2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Acropolis2Member" xlink:type="resource" xml:lang="en-US">Acropolis2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Acropolis2Member" xlink:title="label: Acropolis2Member to label_Acropolis2Member" xlink:to="label_Acropolis2Member" xlink:type="arc"/>
    <label id="label_Acropolis2Member_2" xlink:label="label_Acropolis2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Acropolis2Member" xlink:type="resource" xml:lang="en-US">Acropolis</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Acropolis2Member" xlink:title="label: Acropolis2Member to label_Acropolis2Member" xlink:to="label_Acropolis2Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AcropolisMember" xlink:label="AcropolisMember" xlink:title="AcropolisMember" xlink:type="locator"/>
    <label id="label_AcropolisMember" xlink:label="label_AcropolisMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AcropolisMember" xlink:type="resource" xml:lang="en-US">Acropolis Chartering and Shipping Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcropolisMember" xlink:title="label: AcropolisMember to label_AcropolisMember" xlink:to="label_AcropolisMember" xlink:type="arc"/>
    <label id="label_AcropolisMember_2" xlink:label="label_AcropolisMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AcropolisMember" xlink:type="resource" xml:lang="en-US">Acropolis [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcropolisMember" xlink:title="label: AcropolisMember to label_AcropolisMember" xlink:to="label_AcropolisMember_2" xlink:type="arc"/>
    <label id="label_AcropolisMember_3" xlink:label="label_AcropolisMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AcropolisMember" xlink:type="resource" xml:lang="en-US">Acropolis</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcropolisMember" xlink:title="label: AcropolisMember to label_AcropolisMember" xlink:to="label_AcropolisMember_3" xlink:type="arc"/>
    <label id="label_AcropolisMember_4" xlink:label="label_AcropolisMember_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AcropolisMember" xlink:type="resource" xml:lang="en-US">Acropolis Chartering and Shipping Inc. ("Acropolis")</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcropolisMember" xlink:title="label: AcropolisMember to label_AcropolisMember" xlink:to="label_AcropolisMember_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AdditionalSecurityMember" xlink:label="AdditionalSecurityMember" xlink:title="AdditionalSecurityMember" xlink:type="locator"/>
    <label id="label_AdditionalSecurityMember" xlink:label="label_AdditionalSecurityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalSecurityMember" xlink:type="resource" xml:lang="en-US">Additional Security [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalSecurityMember" xlink:title="label: AdditionalSecurityMember to label_AdditionalSecurityMember" xlink:to="label_AdditionalSecurityMember" xlink:type="arc"/>
    <label id="label_AdditionalSecurityMember_2" xlink:label="label_AdditionalSecurityMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionalSecurityMember" xlink:type="resource" xml:lang="en-US">Additional security</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalSecurityMember" xlink:title="label: AdditionalSecurityMember to label_AdditionalSecurityMember" xlink:to="label_AdditionalSecurityMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AdditionalThirtySixDryBargesMember" xlink:label="AdditionalThirtySixDryBargesMember" xlink:title="AdditionalThirtySixDryBargesMember" xlink:type="locator"/>
    <label id="label_AdditionalThirtySixDryBargesMember" xlink:label="label_AdditionalThirtySixDryBargesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalThirtySixDryBargesMember" xlink:type="resource" xml:lang="en-US">Additional Thirty Six Dry Barges [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalThirtySixDryBargesMember" xlink:title="label: AdditionalThirtySixDryBargesMember to label_AdditionalThirtySixDryBargesMember" xlink:to="label_AdditionalThirtySixDryBargesMember" xlink:type="arc"/>
    <label id="label_AdditionalThirtySixDryBargesMember_2" xlink:label="label_AdditionalThirtySixDryBargesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionalThirtySixDryBargesMember" xlink:type="resource" xml:lang="en-US">Additional 36 Dry Barges</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalThirtySixDryBargesMember" xlink:title="label: AdditionalThirtySixDryBargesMember to label_AdditionalThirtySixDryBargesMember" xlink:to="label_AdditionalThirtySixDryBargesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AdditionsAccumulatedDepreciation" xlink:label="AdditionsAccumulatedDepreciation" xlink:title="AdditionsAccumulatedDepreciation" xlink:type="locator"/>
    <label id="label_AdditionsAccumulatedDepreciation" xlink:label="label_AdditionsAccumulatedDepreciation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdditionsAccumulatedDepreciation" xlink:type="resource" xml:lang="en-US">The amount of expense recognized in the current period that reflects the allocation of the cost of added tangible assets over the assets' useful lives.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsAccumulatedDepreciation" xlink:title="label: AdditionsAccumulatedDepreciation to label_AdditionsAccumulatedDepreciation" xlink:to="label_AdditionsAccumulatedDepreciation" xlink:type="arc"/>
    <label id="label_AdditionsAccumulatedDepreciation_2" xlink:label="label_AdditionsAccumulatedDepreciation_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionsAccumulatedDepreciation" xlink:type="resource" xml:lang="en-US">Additions Accumulated Depreciation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsAccumulatedDepreciation" xlink:title="label: AdditionsAccumulatedDepreciation to label_AdditionsAccumulatedDepreciation" xlink:to="label_AdditionsAccumulatedDepreciation_2" xlink:type="arc"/>
    <label id="label_AdditionsAccumulatedDepreciation_3" xlink:label="label_AdditionsAccumulatedDepreciation_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AdditionsAccumulatedDepreciation" xlink:type="resource" xml:lang="en-US">Additions</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsAccumulatedDepreciation" xlink:title="label: AdditionsAccumulatedDepreciation to label_AdditionsAccumulatedDepreciation" xlink:to="label_AdditionsAccumulatedDepreciation_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AdditionsToNoncurrentAssets1" xlink:label="AdditionsToNoncurrentAssets1" xlink:title="AdditionsToNoncurrentAssets1" xlink:type="locator"/>
    <label id="label_AdditionsToNoncurrentAssets1" xlink:label="label_AdditionsToNoncurrentAssets1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdditionsToNoncurrentAssets1" xlink:type="resource" xml:lang="en-US">Total expenditures for additions to long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets that increase the value of asset.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsToNoncurrentAssets1" xlink:title="label: AdditionsToNoncurrentAssets1 to label_AdditionsToNoncurrentAssets1" xlink:to="label_AdditionsToNoncurrentAssets1" xlink:type="arc"/>
    <label id="label_AdditionsToNoncurrentAssets1_2" xlink:label="label_AdditionsToNoncurrentAssets1_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionsToNoncurrentAssets1" xlink:type="resource" xml:lang="en-US">Additions To Noncurrent Assets 1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsToNoncurrentAssets1" xlink:title="label: AdditionsToNoncurrentAssets1 to label_AdditionsToNoncurrentAssets1" xlink:to="label_AdditionsToNoncurrentAssets1_2" xlink:type="arc"/>
    <label id="label_AdditionsToNoncurrentAssets1_3" xlink:label="label_AdditionsToNoncurrentAssets1_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionsToNoncurrentAssets1" xlink:type="resource" xml:lang="en-US">Capital expenditures</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsToNoncurrentAssets1" xlink:title="label: AdditionsToNoncurrentAssets1 to label_AdditionsToNoncurrentAssets1" xlink:to="label_AdditionsToNoncurrentAssets1_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock" xlink:label="AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock" xlink:title="AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock" xlink:type="locator"/>
    <label id="label_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock" xlink:label="label_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock" xlink:type="resource" xml:lang="en-US">Amount of decrease (increase) in additional paid in capital (APIC) due to the redemption of redeemable preferred stock.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock" xlink:title="label: AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock to label_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock" xlink:to="label_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock" xlink:type="arc"/>
    <label id="label_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock_2" xlink:label="label_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock" xlink:type="resource" xml:lang="en-US">Adjustments To Additional Paid In Capital Redemption Of Preferred Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock" xlink:title="label: AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock to label_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock" xlink:to="label_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock_2" xlink:type="arc"/>
    <label id="label_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock_3" xlink:label="label_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock" xlink:type="resource" xml:lang="en-US">Tender Offer - Redemption of preferred stock (Note 16), value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock" xlink:title="label: AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock to label_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock" xlink:to="label_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AdministrativeServicesAgreementTermInYears" xlink:label="AdministrativeServicesAgreementTermInYears" xlink:title="AdministrativeServicesAgreementTermInYears" xlink:type="locator"/>
    <label id="label_AdministrativeServicesAgreementTermInYears" xlink:label="label_AdministrativeServicesAgreementTermInYears" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdministrativeServicesAgreementTermInYears" xlink:type="resource" xml:lang="en-US">The period of the administrative services agreement term.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdministrativeServicesAgreementTermInYears" xlink:title="label: AdministrativeServicesAgreementTermInYears to label_AdministrativeServicesAgreementTermInYears" xlink:to="label_AdministrativeServicesAgreementTermInYears" xlink:type="arc"/>
    <label id="label_AdministrativeServicesAgreementTermInYears_2" xlink:label="label_AdministrativeServicesAgreementTermInYears_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdministrativeServicesAgreementTermInYears" xlink:type="resource" xml:lang="en-US">Administrative Services Agreement Term In Years</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdministrativeServicesAgreementTermInYears" xlink:title="label: AdministrativeServicesAgreementTermInYears to label_AdministrativeServicesAgreementTermInYears" xlink:to="label_AdministrativeServicesAgreementTermInYears_2" xlink:type="arc"/>
    <label id="label_AdministrativeServicesAgreementTermInYears_3" xlink:label="label_AdministrativeServicesAgreementTermInYears_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdministrativeServicesAgreementTermInYears" xlink:type="resource" xml:lang="en-US">Administrative services agreement term in years</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdministrativeServicesAgreementTermInYears" xlink:title="label: AdministrativeServicesAgreementTermInYears to label_AdministrativeServicesAgreementTermInYears" xlink:to="label_AdministrativeServicesAgreementTermInYears_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AegeanShippingCorporationMember" xlink:label="AegeanShippingCorporationMember" xlink:title="AegeanShippingCorporationMember" xlink:type="locator"/>
    <label id="label_AegeanShippingCorporationMember" xlink:label="label_AegeanShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AegeanShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Aegean Shipping Corporation.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AegeanShippingCorporationMember" xlink:title="label: AegeanShippingCorporationMember to label_AegeanShippingCorporationMember" xlink:to="label_AegeanShippingCorporationMember" xlink:type="arc"/>
    <label id="label_AegeanShippingCorporationMember_2" xlink:label="label_AegeanShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AegeanShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Aegean Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AegeanShippingCorporationMember" xlink:title="label: AegeanShippingCorporationMember to label_AegeanShippingCorporationMember" xlink:to="label_AegeanShippingCorporationMember_2" xlink:type="arc"/>
    <label id="label_AegeanShippingCorporationMember_3" xlink:label="label_AegeanShippingCorporationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AegeanShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Aegean Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AegeanShippingCorporationMember" xlink:title="label: AegeanShippingCorporationMember to label_AegeanShippingCorporationMember" xlink:to="label_AegeanShippingCorporationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AfterIssuanceDateAndPriorFinalConversionDateMember" xlink:label="AfterIssuanceDateAndPriorFinalConversionDateMember" xlink:title="AfterIssuanceDateAndPriorFinalConversionDateMember" xlink:type="locator"/>
    <label id="label_AfterIssuanceDateAndPriorFinalConversionDateMember" xlink:label="label_AfterIssuanceDateAndPriorFinalConversionDateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AfterIssuanceDateAndPriorFinalConversionDateMember" xlink:type="resource" xml:lang="en-US">After Issuance Date And Prior Final Conversion Date [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AfterIssuanceDateAndPriorFinalConversionDateMember" xlink:title="label: AfterIssuanceDateAndPriorFinalConversionDateMember to label_AfterIssuanceDateAndPriorFinalConversionDateMember" xlink:to="label_AfterIssuanceDateAndPriorFinalConversionDateMember" xlink:type="arc"/>
    <label id="label_AfterIssuanceDateAndPriorFinalConversionDateMember_2" xlink:label="label_AfterIssuanceDateAndPriorFinalConversionDateMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AfterIssuanceDateAndPriorFinalConversionDateMember" xlink:type="resource" xml:lang="en-US">At any time following the issuance date and prior to the final conversion date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AfterIssuanceDateAndPriorFinalConversionDateMember" xlink:title="label: AfterIssuanceDateAndPriorFinalConversionDateMember to label_AfterIssuanceDateAndPriorFinalConversionDateMember" xlink:to="label_AfterIssuanceDateAndPriorFinalConversionDateMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AfterThirdAnniversaryOfIssuanceDateScenarioMember" xlink:label="AfterThirdAnniversaryOfIssuanceDateScenarioMember" xlink:title="AfterThirdAnniversaryOfIssuanceDateScenarioMember" xlink:type="locator"/>
    <label id="label_AfterThirdAnniversaryOfIssuanceDateScenarioMember" xlink:label="label_AfterThirdAnniversaryOfIssuanceDateScenarioMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AfterThirdAnniversaryOfIssuanceDateScenarioMember" xlink:type="resource" xml:lang="en-US">After Third Anniversary Of Issuance Date Scenario [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AfterThirdAnniversaryOfIssuanceDateScenarioMember" xlink:title="label: AfterThirdAnniversaryOfIssuanceDateScenarioMember to label_AfterThirdAnniversaryOfIssuanceDateScenarioMember" xlink:to="label_AfterThirdAnniversaryOfIssuanceDateScenarioMember" xlink:type="arc"/>
    <label id="label_AfterThirdAnniversaryOfIssuanceDateScenarioMember_2" xlink:label="label_AfterThirdAnniversaryOfIssuanceDateScenarioMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AfterThirdAnniversaryOfIssuanceDateScenarioMember" xlink:type="resource" xml:lang="en-US">After the Third Anniversary of the issuance date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AfterThirdAnniversaryOfIssuanceDateScenarioMember" xlink:title="label: AfterThirdAnniversaryOfIssuanceDateScenarioMember to label_AfterThirdAnniversaryOfIssuanceDateScenarioMember" xlink:to="label_AfterThirdAnniversaryOfIssuanceDateScenarioMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AggregateFairValueMember" xlink:label="AggregateFairValueMember" xlink:title="AggregateFairValueMember" xlink:type="locator"/>
    <label id="label_AggregateFairValueMember" xlink:label="label_AggregateFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AggregateFairValueMember" xlink:type="resource" xml:lang="en-US">Aggregate Fair Value [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AggregateFairValueMember" xlink:title="label: AggregateFairValueMember to label_AggregateFairValueMember" xlink:to="label_AggregateFairValueMember" xlink:type="arc"/>
    <label id="label_AggregateFairValueMember_2" xlink:label="label_AggregateFairValueMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AggregateFairValueMember" xlink:type="resource" xml:lang="en-US">Aggregate fair value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AggregateFairValueMember" xlink:title="label: AggregateFairValueMember to label_AggregateFairValueMember" xlink:to="label_AggregateFairValueMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AllShipsMember" xlink:label="AllShipsMember" xlink:title="AllShipsMember" xlink:type="locator"/>
    <label id="label_AllShipsMember" xlink:label="label_AllShipsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllShipsMember" xlink:type="resource" xml:lang="en-US">All Ships [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllShipsMember" xlink:title="label: AllShipsMember to label_AllShipsMember" xlink:to="label_AllShipsMember" xlink:type="arc"/>
    <label id="label_AllShipsMember_2" xlink:label="label_AllShipsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AllShipsMember" xlink:type="resource" xml:lang="en-US">All ships</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllShipsMember" xlink:title="label: AllShipsMember to label_AllShipsMember" xlink:to="label_AllShipsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AllSubsidiariesOfNaviosLogisticsMember" xlink:label="AllSubsidiariesOfNaviosLogisticsMember" xlink:title="AllSubsidiariesOfNaviosLogisticsMember" xlink:type="locator"/>
    <label id="label_AllSubsidiariesOfNaviosLogisticsMember" xlink:label="label_AllSubsidiariesOfNaviosLogisticsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllSubsidiariesOfNaviosLogisticsMember" xlink:type="resource" xml:lang="en-US">All Subsidiaries Of Navios Logistics [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllSubsidiariesOfNaviosLogisticsMember" xlink:title="label: AllSubsidiariesOfNaviosLogisticsMember to label_AllSubsidiariesOfNaviosLogisticsMember" xlink:to="label_AllSubsidiariesOfNaviosLogisticsMember" xlink:type="arc"/>
    <label id="label_AllSubsidiariesOfNaviosLogisticsMember_2" xlink:label="label_AllSubsidiariesOfNaviosLogisticsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AllSubsidiariesOfNaviosLogisticsMember" xlink:type="resource" xml:lang="en-US">All subsidiaries of Navios Logistics</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllSubsidiariesOfNaviosLogisticsMember" xlink:title="label: AllSubsidiariesOfNaviosLogisticsMember to label_AllSubsidiariesOfNaviosLogisticsMember" xlink:to="label_AllSubsidiariesOfNaviosLogisticsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AlphaBank2Member" xlink:label="AlphaBank2Member" xlink:title="AlphaBank2Member" xlink:type="locator"/>
    <label id="label_AlphaBank2Member" xlink:label="label_AlphaBank2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AlphaBank2Member" xlink:type="resource" xml:lang="en-US">Alpha Bank 2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AlphaBank2Member" xlink:title="label: AlphaBank2Member to label_AlphaBank2Member" xlink:to="label_AlphaBank2Member" xlink:type="arc"/>
    <label id="label_AlphaBank2Member_2" xlink:label="label_AlphaBank2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AlphaBank2Member" xlink:type="resource" xml:lang="en-US">Alpha Bank A.E. ($16,125) to refinance one Capesize vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AlphaBank2Member" xlink:title="label: AlphaBank2Member to label_AlphaBank2Member" xlink:to="label_AlphaBank2Member_2" xlink:type="arc"/>
    <label id="label_AlphaBank2Member_3" xlink:label="label_AlphaBank2Member_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AlphaBank2Member" xlink:type="resource" xml:lang="en-US">Loan Facility Alpha Bank ($16,125)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AlphaBank2Member" xlink:title="label: AlphaBank2Member to label_AlphaBank2Member" xlink:to="label_AlphaBank2Member_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AlphaBankMember" xlink:label="AlphaBankMember" xlink:title="AlphaBankMember" xlink:type="locator"/>
    <label id="label_AlphaBankMember" xlink:label="label_AlphaBankMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AlphaBankMember" xlink:type="resource" xml:lang="en-US">Alpha Bank</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AlphaBankMember" xlink:title="label: AlphaBankMember to label_AlphaBankMember" xlink:to="label_AlphaBankMember" xlink:type="arc"/>
    <label id="label_AlphaBankMember_2" xlink:label="label_AlphaBankMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AlphaBankMember" xlink:type="resource" xml:lang="en-US">Loan Facility Alpha Bank ($31,000)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AlphaBankMember" xlink:title="label: AlphaBankMember to label_AlphaBankMember" xlink:to="label_AlphaBankMember_2" xlink:type="arc"/>
    <label id="label_AlphaBankMember_3" xlink:label="label_AlphaBankMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AlphaBankMember" xlink:type="resource" xml:lang="en-US">Alpha Bank A.E. ($31,000) to finance part of the acquisition of a Capesize vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AlphaBankMember" xlink:title="label: AlphaBankMember to label_AlphaBankMember" xlink:to="label_AlphaBankMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AlternativeScenarioMember" xlink:label="AlternativeScenarioMember" xlink:title="AlternativeScenarioMember" xlink:type="locator"/>
    <label id="label_AlternativeScenarioMember" xlink:label="label_AlternativeScenarioMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AlternativeScenarioMember" xlink:type="resource" xml:lang="en-US">Alternative Scenario [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AlternativeScenarioMember" xlink:title="label: AlternativeScenarioMember to label_AlternativeScenarioMember" xlink:to="label_AlternativeScenarioMember" xlink:type="arc"/>
    <label id="label_AlternativeScenarioMember_2" xlink:label="label_AlternativeScenarioMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AlternativeScenarioMember" xlink:type="resource" xml:lang="en-US">Alternative scenario</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AlternativeScenarioMember" xlink:title="label: AlternativeScenarioMember to label_AlternativeScenarioMember" xlink:to="label_AlternativeScenarioMember_2" xlink:type="arc"/>
    <label id="label_AlternativeScenarioMember_3" xlink:label="label_AlternativeScenarioMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AlternativeScenarioMember" xlink:type="resource" xml:lang="en-US">Destination to Paraguay</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AlternativeScenarioMember" xlink:title="label: AlternativeScenarioMember to label_AlternativeScenarioMember" xlink:to="label_AlternativeScenarioMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AmendementOfManagementAgreementMember" xlink:label="AmendementOfManagementAgreementMember" xlink:title="AmendementOfManagementAgreementMember" xlink:type="locator"/>
    <label id="label_AmendementOfManagementAgreementMember" xlink:label="label_AmendementOfManagementAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmendementOfManagementAgreementMember" xlink:type="resource" xml:lang="en-US">Amendement Of Management Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmendementOfManagementAgreementMember" xlink:title="label: AmendementOfManagementAgreementMember to label_AmendementOfManagementAgreementMember" xlink:to="label_AmendementOfManagementAgreementMember" xlink:type="arc"/>
    <label id="label_AmendementOfManagementAgreementMember_2" xlink:label="label_AmendementOfManagementAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmendementOfManagementAgreementMember" xlink:type="resource" xml:lang="en-US">Amendement of management agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmendementOfManagementAgreementMember" xlink:title="label: AmendementOfManagementAgreementMember to label_AmendementOfManagementAgreementMember" xlink:to="label_AmendementOfManagementAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AmericanDepositarySharesMember" xlink:label="AmericanDepositarySharesMember" xlink:title="AmericanDepositarySharesMember" xlink:type="locator"/>
    <label id="label_AmericanDepositarySharesMember" xlink:label="label_AmericanDepositarySharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmericanDepositarySharesMember" xlink:type="resource" xml:lang="en-US">American Depositary Shares [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmericanDepositarySharesMember" xlink:title="label: AmericanDepositarySharesMember to label_AmericanDepositarySharesMember" xlink:to="label_AmericanDepositarySharesMember" xlink:type="arc"/>
    <label id="label_AmericanDepositarySharesMember_2" xlink:label="label_AmericanDepositarySharesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmericanDepositarySharesMember" xlink:type="resource" xml:lang="en-US">American depositary shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmericanDepositarySharesMember" xlink:title="label: AmericanDepositarySharesMember to label_AmericanDepositarySharesMember" xlink:to="label_AmericanDepositarySharesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AmericanDepositarySharesSeriesGMember" xlink:label="AmericanDepositarySharesSeriesGMember" xlink:title="AmericanDepositarySharesSeriesGMember" xlink:type="locator"/>
    <label id="label_AmericanDepositarySharesSeriesGMember" xlink:label="label_AmericanDepositarySharesSeriesGMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmericanDepositarySharesSeriesGMember" xlink:type="resource" xml:lang="en-US">American Depositary Shares Series G [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmericanDepositarySharesSeriesGMember" xlink:title="label: AmericanDepositarySharesSeriesGMember to label_AmericanDepositarySharesSeriesGMember" xlink:to="label_AmericanDepositarySharesSeriesGMember" xlink:type="arc"/>
    <label id="label_AmericanDepositarySharesSeriesGMember_2" xlink:label="label_AmericanDepositarySharesSeriesGMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmericanDepositarySharesSeriesGMember" xlink:type="resource" xml:lang="en-US">American Depositary Shares-Series G</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmericanDepositarySharesSeriesGMember" xlink:title="label: AmericanDepositarySharesSeriesGMember to label_AmericanDepositarySharesSeriesGMember" xlink:to="label_AmericanDepositarySharesSeriesGMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AmericanDepositarySharesSeriesHMember" xlink:label="AmericanDepositarySharesSeriesHMember" xlink:title="AmericanDepositarySharesSeriesHMember" xlink:type="locator"/>
    <label id="label_AmericanDepositarySharesSeriesHMember" xlink:label="label_AmericanDepositarySharesSeriesHMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmericanDepositarySharesSeriesHMember" xlink:type="resource" xml:lang="en-US">American Depositary Shares Series H [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmericanDepositarySharesSeriesHMember" xlink:title="label: AmericanDepositarySharesSeriesHMember to label_AmericanDepositarySharesSeriesHMember" xlink:to="label_AmericanDepositarySharesSeriesHMember" xlink:type="arc"/>
    <label id="label_AmericanDepositarySharesSeriesHMember_2" xlink:label="label_AmericanDepositarySharesSeriesHMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmericanDepositarySharesSeriesHMember" xlink:type="resource" xml:lang="en-US">American Depositary Shares -Series H</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmericanDepositarySharesSeriesHMember" xlink:title="label: AmericanDepositarySharesSeriesHMember to label_AmericanDepositarySharesSeriesHMember" xlink:to="label_AmericanDepositarySharesSeriesHMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AmountConcentrationPercentage" xlink:label="AmountConcentrationPercentage" xlink:title="AmountConcentrationPercentage" xlink:type="locator"/>
    <label id="label_AmountConcentrationPercentage" xlink:label="label_AmountConcentrationPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmountConcentrationPercentage" xlink:type="resource" xml:lang="en-US">This concept represents the concentration percentage in relation to an amount.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountConcentrationPercentage" xlink:title="label: AmountConcentrationPercentage to label_AmountConcentrationPercentage" xlink:to="label_AmountConcentrationPercentage" xlink:type="arc"/>
    <label id="label_AmountConcentrationPercentage_2" xlink:label="label_AmountConcentrationPercentage_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountConcentrationPercentage" xlink:type="resource" xml:lang="en-US">Amount Concentration Percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountConcentrationPercentage" xlink:title="label: AmountConcentrationPercentage to label_AmountConcentrationPercentage" xlink:to="label_AmountConcentrationPercentage_2" xlink:type="arc"/>
    <label id="label_AmountConcentrationPercentage_3" xlink:label="label_AmountConcentrationPercentage_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmountConcentrationPercentage" xlink:type="resource" xml:lang="en-US">Amount concentration percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountConcentrationPercentage" xlink:title="label: AmountConcentrationPercentage to label_AmountConcentrationPercentage" xlink:to="label_AmountConcentrationPercentage_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AmountDrawnDown" xlink:label="AmountDrawnDown" xlink:title="AmountDrawnDown" xlink:type="locator"/>
    <label id="label_AmountDrawnDown" xlink:label="label_AmountDrawnDown" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmountDrawnDown" xlink:type="resource" xml:lang="en-US">Amount of loan that has been drawn down.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountDrawnDown" xlink:title="label: AmountDrawnDown to label_AmountDrawnDown" xlink:to="label_AmountDrawnDown" xlink:type="arc"/>
    <label id="label_AmountDrawnDown_2" xlink:label="label_AmountDrawnDown_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountDrawnDown" xlink:type="resource" xml:lang="en-US">Amount Drawn Down</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountDrawnDown" xlink:title="label: AmountDrawnDown to label_AmountDrawnDown" xlink:to="label_AmountDrawnDown_2" xlink:type="arc"/>
    <label id="label_AmountDrawnDown_3" xlink:label="label_AmountDrawnDown_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmountDrawnDown" xlink:type="resource" xml:lang="en-US">Amount drawn down</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountDrawnDown" xlink:title="label: AmountDrawnDown to label_AmountDrawnDown" xlink:to="label_AmountDrawnDown_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AmountEachTranchesUnderCreditFacility" xlink:label="AmountEachTranchesUnderCreditFacility" xlink:title="AmountEachTranchesUnderCreditFacility" xlink:type="locator"/>
    <label id="label_AmountEachTranchesUnderCreditFacility" xlink:label="label_AmountEachTranchesUnderCreditFacility" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmountEachTranchesUnderCreditFacility" xlink:type="resource" xml:lang="en-US">Description of the amount received for each tranche under the credit facility.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountEachTranchesUnderCreditFacility" xlink:title="label: AmountEachTranchesUnderCreditFacility to label_AmountEachTranchesUnderCreditFacility" xlink:to="label_AmountEachTranchesUnderCreditFacility" xlink:type="arc"/>
    <label id="label_AmountEachTranchesUnderCreditFacility_2" xlink:label="label_AmountEachTranchesUnderCreditFacility_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountEachTranchesUnderCreditFacility" xlink:type="resource" xml:lang="en-US">Amount Each Tranches Under Credit Facility</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountEachTranchesUnderCreditFacility" xlink:title="label: AmountEachTranchesUnderCreditFacility to label_AmountEachTranchesUnderCreditFacility" xlink:to="label_AmountEachTranchesUnderCreditFacility_2" xlink:type="arc"/>
    <label id="label_AmountEachTranchesUnderCreditFacility_3" xlink:label="label_AmountEachTranchesUnderCreditFacility_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmountEachTranchesUnderCreditFacility" xlink:type="resource" xml:lang="en-US">Amount of each tranche</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountEachTranchesUnderCreditFacility" xlink:title="label: AmountEachTranchesUnderCreditFacility to label_AmountEachTranchesUnderCreditFacility" xlink:to="label_AmountEachTranchesUnderCreditFacility_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AmountFinancedThroughLoans" xlink:label="AmountFinancedThroughLoans" xlink:title="AmountFinancedThroughLoans" xlink:type="locator"/>
    <label id="label_AmountFinancedThroughLoans" xlink:label="label_AmountFinancedThroughLoans" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmountFinancedThroughLoans" xlink:type="resource" xml:lang="en-US">Borrowings from a loan facility used to finance buyout transaction of vessel.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountFinancedThroughLoans" xlink:title="label: AmountFinancedThroughLoans to label_AmountFinancedThroughLoans" xlink:to="label_AmountFinancedThroughLoans" xlink:type="arc"/>
    <label id="label_AmountFinancedThroughLoans_2" xlink:label="label_AmountFinancedThroughLoans_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountFinancedThroughLoans" xlink:type="resource" xml:lang="en-US">Amount Financed Through Loans</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountFinancedThroughLoans" xlink:title="label: AmountFinancedThroughLoans to label_AmountFinancedThroughLoans" xlink:to="label_AmountFinancedThroughLoans_2" xlink:type="arc"/>
    <label id="label_AmountFinancedThroughLoans_3" xlink:label="label_AmountFinancedThroughLoans_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmountFinancedThroughLoans" xlink:type="resource" xml:lang="en-US">Amount of loan used to finance purchase of vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountFinancedThroughLoans" xlink:title="label: AmountFinancedThroughLoans to label_AmountFinancedThroughLoans" xlink:to="label_AmountFinancedThroughLoans_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AmountsHeldAsSecurityMember" xlink:label="AmountsHeldAsSecurityMember" xlink:title="AmountsHeldAsSecurityMember" xlink:type="locator"/>
    <label id="label_AmountsHeldAsSecurityMember" xlink:label="label_AmountsHeldAsSecurityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmountsHeldAsSecurityMember" xlink:type="resource" xml:lang="en-US">Amounts of cash held by the company in order to serve obligations in the form of letters of guarantee or letters of credit.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsHeldAsSecurityMember" xlink:title="label: AmountsHeldAsSecurityMember to label_AmountsHeldAsSecurityMember" xlink:to="label_AmountsHeldAsSecurityMember" xlink:type="arc"/>
    <label id="label_AmountsHeldAsSecurityMember_2" xlink:label="label_AmountsHeldAsSecurityMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountsHeldAsSecurityMember" xlink:type="resource" xml:lang="en-US">Amounts Held as security [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsHeldAsSecurityMember" xlink:title="label: AmountsHeldAsSecurityMember to label_AmountsHeldAsSecurityMember" xlink:to="label_AmountsHeldAsSecurityMember_2" xlink:type="arc"/>
    <label id="label_AmountsHeldAsSecurityMember_3" xlink:label="label_AmountsHeldAsSecurityMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmountsHeldAsSecurityMember" xlink:type="resource" xml:lang="en-US">Amount Held as Security</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsHeldAsSecurityMember" xlink:title="label: AmountsHeldAsSecurityMember to label_AmountsHeldAsSecurityMember" xlink:to="label_AmountsHeldAsSecurityMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AnemosMaritimeHoldingsIncMember" xlink:label="AnemosMaritimeHoldingsIncMember" xlink:title="AnemosMaritimeHoldingsIncMember" xlink:type="locator"/>
    <label id="label_AnemosMaritimeHoldingsIncMember" xlink:label="label_AnemosMaritimeHoldingsIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AnemosMaritimeHoldingsIncMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Anemos Maritime Holdings Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AnemosMaritimeHoldingsIncMember" xlink:title="label: AnemosMaritimeHoldingsIncMember to label_AnemosMaritimeHoldingsIncMember" xlink:to="label_AnemosMaritimeHoldingsIncMember" xlink:type="arc"/>
    <label id="label_AnemosMaritimeHoldingsIncMember_2" xlink:label="label_AnemosMaritimeHoldingsIncMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AnemosMaritimeHoldingsIncMember" xlink:type="resource" xml:lang="en-US">Anemos Maritime Holdings Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AnemosMaritimeHoldingsIncMember" xlink:title="label: AnemosMaritimeHoldingsIncMember to label_AnemosMaritimeHoldingsIncMember" xlink:to="label_AnemosMaritimeHoldingsIncMember_2" xlink:type="arc"/>
    <label id="label_AnemosMaritimeHoldingsIncMember_3" xlink:label="label_AnemosMaritimeHoldingsIncMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AnemosMaritimeHoldingsIncMember" xlink:type="resource" xml:lang="en-US">Anemos Maritime Holdings Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AnemosMaritimeHoldingsIncMember" xlink:title="label: AnemosMaritimeHoldingsIncMember to label_AnemosMaritimeHoldingsIncMember" xlink:to="label_AnemosMaritimeHoldingsIncMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AnnualGrowthFactorManagementFees" xlink:label="AnnualGrowthFactorManagementFees" xlink:title="AnnualGrowthFactorManagementFees" xlink:type="locator"/>
    <label id="label_AnnualGrowthFactorManagementFees" xlink:label="label_AnnualGrowthFactorManagementFees" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AnnualGrowthFactorManagementFees" xlink:type="resource" xml:lang="en-US">Annual rate of increase of management fees.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AnnualGrowthFactorManagementFees" xlink:title="label: AnnualGrowthFactorManagementFees to label_AnnualGrowthFactorManagementFees" xlink:to="label_AnnualGrowthFactorManagementFees" xlink:type="arc"/>
    <label id="label_AnnualGrowthFactorManagementFees_2" xlink:label="label_AnnualGrowthFactorManagementFees_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AnnualGrowthFactorManagementFees" xlink:type="resource" xml:lang="en-US">Annual Growth Factor Management Fees</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AnnualGrowthFactorManagementFees" xlink:title="label: AnnualGrowthFactorManagementFees to label_AnnualGrowthFactorManagementFees" xlink:to="label_AnnualGrowthFactorManagementFees_2" xlink:type="arc"/>
    <label id="label_AnnualGrowthFactorManagementFees_3" xlink:label="label_AnnualGrowthFactorManagementFees_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AnnualGrowthFactorManagementFees" xlink:type="resource" xml:lang="en-US">Annual growth factor management fees every second year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AnnualGrowthFactorManagementFees" xlink:title="label: AnnualGrowthFactorManagementFees to label_AnnualGrowthFactorManagementFees" xlink:to="label_AnnualGrowthFactorManagementFees_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AntidilutiveSecuritiesExcludedFromComputationAbstract" xlink:label="AntidilutiveSecuritiesExcludedFromComputationAbstract" xlink:title="AntidilutiveSecuritiesExcludedFromComputationAbstract" xlink:type="locator"/>
    <label id="label_AntidilutiveSecuritiesExcludedFromComputationAbstract" xlink:label="label_AntidilutiveSecuritiesExcludedFromComputationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AntidilutiveSecuritiesExcludedFromComputationAbstract" xlink:type="resource" xml:lang="en-US">Antidilutive Securities Excluded From Computation [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AntidilutiveSecuritiesExcludedFromComputationAbstract" xlink:title="label: AntidilutiveSecuritiesExcludedFromComputationAbstract to label_AntidilutiveSecuritiesExcludedFromComputationAbstract" xlink:to="label_AntidilutiveSecuritiesExcludedFromComputationAbstract" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ApollonShippingCorporationMember" xlink:label="ApollonShippingCorporationMember" xlink:title="ApollonShippingCorporationMember" xlink:type="locator"/>
    <label id="label_ApollonShippingCorporationMember" xlink:label="label_ApollonShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ApollonShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Apollon Shipping Corporation .</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ApollonShippingCorporationMember" xlink:title="label: ApollonShippingCorporationMember to label_ApollonShippingCorporationMember" xlink:to="label_ApollonShippingCorporationMember" xlink:type="arc"/>
    <label id="label_ApollonShippingCorporationMember_2" xlink:label="label_ApollonShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ApollonShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Apollon Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ApollonShippingCorporationMember" xlink:title="label: ApollonShippingCorporationMember to label_ApollonShippingCorporationMember" xlink:to="label_ApollonShippingCorporationMember_2" xlink:type="arc"/>
    <label id="label_ApollonShippingCorporationMember_3" xlink:label="label_ApollonShippingCorporationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ApollonShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Apollon Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ApollonShippingCorporationMember" xlink:title="label: ApollonShippingCorporationMember to label_ApollonShippingCorporationMember" xlink:to="label_ApollonShippingCorporationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AquisMarineCorpMember" xlink:label="AquisMarineCorpMember" xlink:title="AquisMarineCorpMember" xlink:type="locator"/>
    <label id="label_AquisMarineCorpMember" xlink:label="label_AquisMarineCorpMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AquisMarineCorpMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Aquis Marine Corp.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AquisMarineCorpMember" xlink:title="label: AquisMarineCorpMember to label_AquisMarineCorpMember" xlink:to="label_AquisMarineCorpMember" xlink:type="arc"/>
    <label id="label_AquisMarineCorpMember_2" xlink:label="label_AquisMarineCorpMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AquisMarineCorpMember" xlink:type="resource" xml:lang="en-US">Aquis Marine Corp [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AquisMarineCorpMember" xlink:title="label: AquisMarineCorpMember to label_AquisMarineCorpMember" xlink:to="label_AquisMarineCorpMember_2" xlink:type="arc"/>
    <label id="label_AquisMarineCorpMember_3" xlink:label="label_AquisMarineCorpMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AquisMarineCorpMember" xlink:type="resource" xml:lang="en-US">Aquis Marine Corp.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AquisMarineCorpMember" xlink:title="label: AquisMarineCorpMember to label_AquisMarineCorpMember" xlink:to="label_AquisMarineCorpMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AramisNavigationIncMember" xlink:label="AramisNavigationIncMember" xlink:title="AramisNavigationIncMember" xlink:type="locator"/>
    <label id="label_AramisNavigationIncMember" xlink:label="label_AramisNavigationIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AramisNavigationIncMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Aramis Navigation Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AramisNavigationIncMember" xlink:title="label: AramisNavigationIncMember to label_AramisNavigationIncMember" xlink:to="label_AramisNavigationIncMember" xlink:type="arc"/>
    <label id="label_AramisNavigationIncMember_2" xlink:label="label_AramisNavigationIncMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AramisNavigationIncMember" xlink:type="resource" xml:lang="en-US">Aramis Navigation Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AramisNavigationIncMember" xlink:title="label: AramisNavigationIncMember to label_AramisNavigationIncMember" xlink:to="label_AramisNavigationIncMember_2" xlink:type="arc"/>
    <label id="label_AramisNavigationIncMember_3" xlink:label="label_AramisNavigationIncMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AramisNavigationIncMember" xlink:type="resource" xml:lang="en-US">Aramis Navigation Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AramisNavigationIncMember" xlink:title="label: AramisNavigationIncMember to label_AramisNavigationIncMember" xlink:to="label_AramisNavigationIncMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ArcShippingCorporationMember" xlink:label="ArcShippingCorporationMember" xlink:title="ArcShippingCorporationMember" xlink:type="locator"/>
    <label id="label_ArcShippingCorporationMember" xlink:label="label_ArcShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ArcShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Arc Shipping Corporation.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ArcShippingCorporationMember" xlink:title="label: ArcShippingCorporationMember to label_ArcShippingCorporationMember" xlink:to="label_ArcShippingCorporationMember" xlink:type="arc"/>
    <label id="label_ArcShippingCorporationMember_2" xlink:label="label_ArcShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ArcShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Arc Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ArcShippingCorporationMember" xlink:title="label: ArcShippingCorporationMember to label_ArcShippingCorporationMember" xlink:to="label_ArcShippingCorporationMember_2" xlink:type="arc"/>
    <label id="label_ArcShippingCorporationMember_3" xlink:label="label_ArcShippingCorporationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ArcShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Arc Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ArcShippingCorporationMember" xlink:title="label: ArcShippingCorporationMember to label_ArcShippingCorporationMember" xlink:to="label_ArcShippingCorporationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ArgentinaMember" xlink:label="ArgentinaMember" xlink:title="ArgentinaMember" xlink:type="locator"/>
    <label id="label_ArgentinaMember" xlink:label="label_ArgentinaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ArgentinaMember" xlink:type="resource" xml:lang="en-US">Argentina [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ArgentinaMember" xlink:title="label: ArgentinaMember to label_ArgentinaMember" xlink:to="label_ArgentinaMember" xlink:type="arc"/>
    <label id="label_ArgentinaMember_2" xlink:label="label_ArgentinaMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ArgentinaMember" xlink:type="resource" xml:lang="en-US">Argentina</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ArgentinaMember" xlink:title="label: ArgentinaMember to label_ArgentinaMember" xlink:to="label_ArgentinaMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AssetsHeldForSalePolicyTextBlock" xlink:label="AssetsHeldForSalePolicyTextBlock" xlink:title="AssetsHeldForSalePolicyTextBlock" xlink:type="locator"/>
    <label id="label_AssetsHeldForSalePolicyTextBlock" xlink:label="label_AssetsHeldForSalePolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AssetsHeldForSalePolicyTextBlock" xlink:type="resource" xml:lang="en-US">Disclosure of accounting policy for assets held for sale.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsHeldForSalePolicyTextBlock" xlink:title="label: AssetsHeldForSalePolicyTextBlock to label_AssetsHeldForSalePolicyTextBlock" xlink:to="label_AssetsHeldForSalePolicyTextBlock" xlink:type="arc"/>
    <label id="label_AssetsHeldForSalePolicyTextBlock_2" xlink:label="label_AssetsHeldForSalePolicyTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsHeldForSalePolicyTextBlock" xlink:type="resource" xml:lang="en-US">Assets Held for Sale [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsHeldForSalePolicyTextBlock" xlink:title="label: AssetsHeldForSalePolicyTextBlock to label_AssetsHeldForSalePolicyTextBlock" xlink:to="label_AssetsHeldForSalePolicyTextBlock_2" xlink:type="arc"/>
    <label id="label_AssetsHeldForSalePolicyTextBlock_3" xlink:label="label_AssetsHeldForSalePolicyTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AssetsHeldForSalePolicyTextBlock" xlink:type="resource" xml:lang="en-US">Assets Held for Sale</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsHeldForSalePolicyTextBlock" xlink:title="label: AssetsHeldForSalePolicyTextBlock to label_AssetsHeldForSalePolicyTextBlock" xlink:to="label_AssetsHeldForSalePolicyTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AstraMaritimeCorporationMember" xlink:label="AstraMaritimeCorporationMember" xlink:title="AstraMaritimeCorporationMember" xlink:type="locator"/>
    <label id="label_AstraMaritimeCorporationMember" xlink:label="label_AstraMaritimeCorporationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AstraMaritimeCorporationMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Astra Maritime Corporation .</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AstraMaritimeCorporationMember" xlink:title="label: AstraMaritimeCorporationMember to label_AstraMaritimeCorporationMember" xlink:to="label_AstraMaritimeCorporationMember" xlink:type="arc"/>
    <label id="label_AstraMaritimeCorporationMember_2" xlink:label="label_AstraMaritimeCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AstraMaritimeCorporationMember" xlink:type="resource" xml:lang="en-US">Astra Maritime Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AstraMaritimeCorporationMember" xlink:title="label: AstraMaritimeCorporationMember to label_AstraMaritimeCorporationMember" xlink:to="label_AstraMaritimeCorporationMember_2" xlink:type="arc"/>
    <label id="label_AstraMaritimeCorporationMember_3" xlink:label="label_AstraMaritimeCorporationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AstraMaritimeCorporationMember" xlink:type="resource" xml:lang="en-US">Astra Maritime Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AstraMaritimeCorporationMember" xlink:title="label: AstraMaritimeCorporationMember to label_AstraMaritimeCorporationMember" xlink:to="label_AstraMaritimeCorporationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:label="AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:title="AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:type="locator"/>
    <label id="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:label="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">The fair value disclosure of the equity securities categorized neither as held-to-maturity nor trading which are intended be sold more than one year from the balance sheet date or operating cycle, if longer.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:title="label: AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure to label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:to="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:type="arc"/>
    <label id="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure_2" xlink:label="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Available For Sale Securities Equity Securities Noncurrent Fair Value Disclosure</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:title="label: AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure to label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:to="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure_2" xlink:type="arc"/>
    <label id="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure_3" xlink:label="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Investments in available-for-sale securities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:title="label: AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure to label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:to="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure_3" xlink:type="arc"/>
    <label id="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure_4" xlink:label="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Investments in available-for-sale securities - Fair Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:title="label: AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure to label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:to="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:label="AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:title="AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:type="locator"/>
    <label id="label_AvailableForSaleSecuritiesSharesSoldTotalConsideration_3" xlink:label="label_AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:type="resource" xml:lang="en-US">Total consideration for number of shares recognized as AFS that were sold during the period.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:title="label: AvailableForSaleSecuritiesSharesSoldTotalConsideration to label_AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:to="label_AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:type="arc"/>
    <label id="label_AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:label="label_AvailableForSaleSecuritiesSharesSoldTotalConsideration_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:type="resource" xml:lang="en-US">Availablec For Sale Securities Shares Sold Total Consideration</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:title="label: AvailableForSaleSecuritiesSharesSoldTotalConsideration to label_AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:to="label_AvailableForSaleSecuritiesSharesSoldTotalConsideration_2" xlink:type="arc"/>
    <label id="label_AvailableForSaleSecuritiesSharesSoldTotalConsideration_2" xlink:label="label_AvailableForSaleSecuritiesSharesSoldTotalConsideration_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:type="resource" xml:lang="en-US">Consideration received for AFS securities sold</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:title="label: AvailableForSaleSecuritiesSharesSoldTotalConsideration to label_AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:to="label_AvailableForSaleSecuritiesSharesSoldTotalConsideration_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AvailableForSaleSecuritiesSharesSold" xlink:label="AvailableForSaleSecuritiesSharesSold" xlink:title="AvailableForSaleSecuritiesSharesSold" xlink:type="locator"/>
    <label id="label_AvailableForSaleSecuritiesSharesSold_3" xlink:label="label_AvailableForSaleSecuritiesSharesSold" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AvailableForSaleSecuritiesSharesSold" xlink:type="resource" xml:lang="en-US">Number of shares recognized as AFS that were sold during the period.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesSharesSold" xlink:title="label: AvailableForSaleSecuritiesSharesSold to label_AvailableForSaleSecuritiesSharesSold" xlink:to="label_AvailableForSaleSecuritiesSharesSold" xlink:type="arc"/>
    <label id="label_AvailableForSaleSecuritiesSharesSold" xlink:label="label_AvailableForSaleSecuritiesSharesSold_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AvailableForSaleSecuritiesSharesSold" xlink:type="resource" xml:lang="en-US">Available For Sale Securities Shares Sold</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesSharesSold" xlink:title="label: AvailableForSaleSecuritiesSharesSold to label_AvailableForSaleSecuritiesSharesSold" xlink:to="label_AvailableForSaleSecuritiesSharesSold_2" xlink:type="arc"/>
    <label id="label_AvailableForSaleSecuritiesSharesSold_2" xlink:label="label_AvailableForSaleSecuritiesSharesSold_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AvailableForSaleSecuritiesSharesSold" xlink:type="resource" xml:lang="en-US">Available for sale securities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesSharesSold" xlink:title="label: AvailableForSaleSecuritiesSharesSold to label_AvailableForSaleSecuritiesSharesSold" xlink:to="label_AvailableForSaleSecuritiesSharesSold_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AverageTaxRatesOnRevenues" xlink:label="AverageTaxRatesOnRevenues" xlink:title="AverageTaxRatesOnRevenues" xlink:type="locator"/>
    <label id="label_AverageTaxRatesOnRevenues" xlink:label="label_AverageTaxRatesOnRevenues" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AverageTaxRatesOnRevenues" xlink:type="resource" xml:lang="en-US">Percentage of effective tax expense (benefit) as a percentage over gross revenues.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AverageTaxRatesOnRevenues" xlink:title="label: AverageTaxRatesOnRevenues to label_AverageTaxRatesOnRevenues" xlink:to="label_AverageTaxRatesOnRevenues" xlink:type="arc"/>
    <label id="label_AverageTaxRatesOnRevenues_2" xlink:label="label_AverageTaxRatesOnRevenues_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AverageTaxRatesOnRevenues" xlink:type="resource" xml:lang="en-US">Average Tax Rates On Revenues</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AverageTaxRatesOnRevenues" xlink:title="label: AverageTaxRatesOnRevenues to label_AverageTaxRatesOnRevenues" xlink:to="label_AverageTaxRatesOnRevenues_2" xlink:type="arc"/>
    <label id="label_AverageTaxRatesOnRevenues_3" xlink:label="label_AverageTaxRatesOnRevenues_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AverageTaxRatesOnRevenues" xlink:type="resource" xml:lang="en-US">Tax rate on revenues</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AverageTaxRatesOnRevenues" xlink:title="label: AverageTaxRatesOnRevenues to label_AverageTaxRatesOnRevenues" xlink:to="label_AverageTaxRatesOnRevenues_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_BbvaLoanFacilityMember" xlink:label="BbvaLoanFacilityMember" xlink:title="BbvaLoanFacilityMember" xlink:type="locator"/>
    <label id="label_BbvaLoanFacilityMember" xlink:label="label_BbvaLoanFacilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BbvaLoanFacilityMember" xlink:type="resource" xml:lang="en-US">Bbva Loan Facility [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BbvaLoanFacilityMember" xlink:title="label: BbvaLoanFacilityMember to label_BbvaLoanFacilityMember" xlink:to="label_BbvaLoanFacilityMember" xlink:type="arc"/>
    <label id="label_BbvaLoanFacilityMember_2" xlink:label="label_BbvaLoanFacilityMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BbvaLoanFacilityMember" xlink:type="resource" xml:lang="en-US">BBVA Loan Facility</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BbvaLoanFacilityMember" xlink:title="label: BbvaLoanFacilityMember to label_BbvaLoanFacilityMember" xlink:to="label_BbvaLoanFacilityMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_BeaufiksShippingCorporationMember" xlink:label="BeaufiksShippingCorporationMember" xlink:title="BeaufiksShippingCorporationMember" xlink:type="locator"/>
    <label id="label_BeaufiksShippingCorporationMember" xlink:label="label_BeaufiksShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BeaufiksShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Beaufiks Shipping Corporation.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BeaufiksShippingCorporationMember" xlink:title="label: BeaufiksShippingCorporationMember to label_BeaufiksShippingCorporationMember" xlink:to="label_BeaufiksShippingCorporationMember" xlink:type="arc"/>
    <label id="label_BeaufiksShippingCorporationMember_2" xlink:label="label_BeaufiksShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BeaufiksShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Beaufiks Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BeaufiksShippingCorporationMember" xlink:title="label: BeaufiksShippingCorporationMember to label_BeaufiksShippingCorporationMember" xlink:to="label_BeaufiksShippingCorporationMember_2" xlink:type="arc"/>
    <label id="label_BeaufiksShippingCorporationMember_3" xlink:label="label_BeaufiksShippingCorporationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BeaufiksShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Beaufiks Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BeaufiksShippingCorporationMember" xlink:title="label: BeaufiksShippingCorporationMember to label_BeaufiksShippingCorporationMember" xlink:to="label_BeaufiksShippingCorporationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_BrazilMember" xlink:label="BrazilMember" xlink:title="BrazilMember" xlink:type="locator"/>
    <label id="label_BrazilMember" xlink:label="label_BrazilMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BrazilMember" xlink:type="resource" xml:lang="en-US">Brazil [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BrazilMember" xlink:title="label: BrazilMember to label_BrazilMember" xlink:to="label_BrazilMember" xlink:type="arc"/>
    <label id="label_BrazilMember_2" xlink:label="label_BrazilMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BrazilMember" xlink:type="resource" xml:lang="en-US">Brazil</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BrazilMember" xlink:title="label: BrazilMember to label_BrazilMember" xlink:to="label_BrazilMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_BulkinvestSaMember" xlink:label="BulkinvestSaMember" xlink:title="BulkinvestSaMember" xlink:type="locator"/>
    <label id="label_BulkinvestSaMember" xlink:label="label_BulkinvestSaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BulkinvestSaMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Bulkinvest Sa.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BulkinvestSaMember" xlink:title="label: BulkinvestSaMember to label_BulkinvestSaMember" xlink:to="label_BulkinvestSaMember" xlink:type="arc"/>
    <label id="label_BulkinvestSaMember_2" xlink:label="label_BulkinvestSaMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BulkinvestSaMember" xlink:type="resource" xml:lang="en-US">Bulkinvest Sa [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BulkinvestSaMember" xlink:title="label: BulkinvestSaMember to label_BulkinvestSaMember" xlink:to="label_BulkinvestSaMember_2" xlink:type="arc"/>
    <label id="label_BulkinvestSaMember_3" xlink:label="label_BulkinvestSaMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BulkinvestSaMember" xlink:type="resource" xml:lang="en-US">Bulkinvest S.A.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BulkinvestSaMember" xlink:title="label: BulkinvestSaMember to label_BulkinvestSaMember" xlink:to="label_BulkinvestSaMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CapesizeMember" xlink:label="CapesizeMember" xlink:title="CapesizeMember" xlink:type="locator"/>
    <label id="label_CapesizeMember" xlink:label="label_CapesizeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CapesizeMember" xlink:type="resource" xml:lang="en-US">Capesize [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapesizeMember" xlink:title="label: CapesizeMember to label_CapesizeMember" xlink:to="label_CapesizeMember" xlink:type="arc"/>
    <label id="label_CapesizeMember_2" xlink:label="label_CapesizeMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CapesizeMember" xlink:type="resource" xml:lang="en-US">Capesize vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapesizeMember" xlink:title="label: CapesizeMember to label_CapesizeMember" xlink:to="label_CapesizeMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CapitalLeaseObligationExpirationDate" xlink:label="CapitalLeaseObligationExpirationDate" xlink:title="CapitalLeaseObligationExpirationDate" xlink:type="locator"/>
    <label id="label_CapitalLeaseObligationExpirationDate" xlink:label="label_CapitalLeaseObligationExpirationDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CapitalLeaseObligationExpirationDate" xlink:type="resource" xml:lang="en-US">The expiration date of the capital lease agreement.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalLeaseObligationExpirationDate" xlink:title="label: CapitalLeaseObligationExpirationDate to label_CapitalLeaseObligationExpirationDate" xlink:to="label_CapitalLeaseObligationExpirationDate" xlink:type="arc"/>
    <label id="label_CapitalLeaseObligationExpirationDate_2" xlink:label="label_CapitalLeaseObligationExpirationDate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CapitalLeaseObligationExpirationDate" xlink:type="resource" xml:lang="en-US">Capital Lease Obligation Expiration Date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalLeaseObligationExpirationDate" xlink:title="label: CapitalLeaseObligationExpirationDate to label_CapitalLeaseObligationExpirationDate" xlink:to="label_CapitalLeaseObligationExpirationDate_2" xlink:type="arc"/>
    <label id="label_CapitalLeaseObligationExpirationDate_3" xlink:label="label_CapitalLeaseObligationExpirationDate_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CapitalLeaseObligationExpirationDate" xlink:type="resource" xml:lang="en-US">Expiration date of the capital lease agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalLeaseObligationExpirationDate" xlink:title="label: CapitalLeaseObligationExpirationDate to label_CapitalLeaseObligationExpirationDate" xlink:to="label_CapitalLeaseObligationExpirationDate_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CapitalLeaseObligationsFairValueDisclosure" xlink:label="CapitalLeaseObligationsFairValueDisclosure" xlink:title="CapitalLeaseObligationsFairValueDisclosure" xlink:type="locator"/>
    <label id="label_CapitalLeaseObligationsFairValueDisclosure" xlink:label="label_CapitalLeaseObligationsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CapitalLeaseObligationsFairValueDisclosure" xlink:type="resource" xml:lang="en-US">The fair value disclosure of the capital leaase obligations.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalLeaseObligationsFairValueDisclosure" xlink:title="label: CapitalLeaseObligationsFairValueDisclosure to label_CapitalLeaseObligationsFairValueDisclosure" xlink:to="label_CapitalLeaseObligationsFairValueDisclosure" xlink:type="arc"/>
    <label id="label_CapitalLeaseObligationsFairValueDisclosure_2" xlink:label="label_CapitalLeaseObligationsFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CapitalLeaseObligationsFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Capital Lease Obligations Fair Value Disclosure</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalLeaseObligationsFairValueDisclosure" xlink:title="label: CapitalLeaseObligationsFairValueDisclosure to label_CapitalLeaseObligationsFairValueDisclosure" xlink:to="label_CapitalLeaseObligationsFairValueDisclosure_2" xlink:type="arc"/>
    <label id="label_CapitalLeaseObligationsFairValueDisclosure_3" xlink:label="label_CapitalLeaseObligationsFairValueDisclosure_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CapitalLeaseObligationsFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Capital lease obligations, including current portion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalLeaseObligationsFairValueDisclosure" xlink:title="label: CapitalLeaseObligationsFairValueDisclosure to label_CapitalLeaseObligationsFairValueDisclosure" xlink:to="label_CapitalLeaseObligationsFairValueDisclosure_3" xlink:type="arc"/>
    <label id="label_CapitalLeaseObligationsFairValueDisclosure_4" xlink:label="label_CapitalLeaseObligationsFairValueDisclosure_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CapitalLeaseObligationsFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Capital lease obligations, including current portion - Fair Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalLeaseObligationsFairValueDisclosure" xlink:title="label: CapitalLeaseObligationsFairValueDisclosure to label_CapitalLeaseObligationsFairValueDisclosure" xlink:to="label_CapitalLeaseObligationsFairValueDisclosure_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets" xlink:label="ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets" xlink:title="ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets" xlink:type="locator"/>
    <label id="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets" xlink:label="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets" xlink:type="resource" xml:lang="en-US">Amount of the cumulative effect of the change in accounting principle or new accounting pronouncement on assets in the statement of financial position as of the beginning of the earliest period presented.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets" xlink:title="label: ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets to label_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets" xlink:to="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets" xlink:type="arc"/>
    <label id="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets_2" xlink:label="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets" xlink:type="resource" xml:lang="en-US">Change In Accounting Principle Cumulative Effect Change On Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets" xlink:title="label: ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets to label_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets" xlink:to="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets_2" xlink:type="arc"/>
    <label id="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets_3" xlink:label="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets" xlink:type="resource" xml:lang="en-US">Reduction of total assets, due to change in accounting principle</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets" xlink:title="label: ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets to label_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets" xlink:to="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt" xlink:label="ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt" xlink:title="ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt" xlink:type="locator"/>
    <label id="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt" xlink:label="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt" xlink:type="resource" xml:lang="en-US">Amount of the cumulative effect of the change in accounting principle or new accounting pronouncement on current portion of long term debt in the statement of financial position as of the beginning of the earliest period presented.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt" xlink:title="label: ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt to label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt" xlink:to="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt" xlink:type="arc"/>
    <label id="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt_2" xlink:label="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt" xlink:type="resource" xml:lang="en-US">Change In Accounting Principle Cumulative Effect Of Change On Current Portion Long-Term Debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt" xlink:title="label: ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt to label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt" xlink:to="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt_2" xlink:type="arc"/>
    <label id="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt_3" xlink:label="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt" xlink:type="resource" xml:lang="en-US">Reduction of current portion of long term debt, due to change in accounting principle</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt" xlink:title="label: ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt to label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt" xlink:to="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt" xlink:label="ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt" xlink:title="ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt" xlink:type="locator"/>
    <label id="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt" xlink:label="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt" xlink:type="resource" xml:lang="en-US">Amount of the cumulative effect of the change in accounting principle or new accounting pronouncement on long term debt in the statement of financial position as of the beginning of the earliest period presented.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt" xlink:title="label: ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt to label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt" xlink:to="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt" xlink:type="arc"/>
    <label id="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt_2" xlink:label="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt" xlink:type="resource" xml:lang="en-US">Change In Accounting Principle Cumulative Effect Of Change On Long-Term Debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt" xlink:title="label: ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt to label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt" xlink:to="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt_2" xlink:type="arc"/>
    <label id="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt_3" xlink:label="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt" xlink:type="resource" xml:lang="en-US">Reduction of long term debt, due to change in accounting principle</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt" xlink:title="label: ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt to label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt" xlink:to="label_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CharterHireAgreementDateOfAgreement" xlink:label="CharterHireAgreementDateOfAgreement" xlink:title="CharterHireAgreementDateOfAgreement" xlink:type="locator"/>
    <label id="label_CharterHireAgreementDateOfAgreement" xlink:label="label_CharterHireAgreementDateOfAgreement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CharterHireAgreementDateOfAgreement" xlink:type="resource" xml:lang="en-US">Date the charter hire agreement was made.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharterHireAgreementDateOfAgreement" xlink:title="label: CharterHireAgreementDateOfAgreement to label_CharterHireAgreementDateOfAgreement" xlink:to="label_CharterHireAgreementDateOfAgreement" xlink:type="arc"/>
    <label id="label_CharterHireAgreementDateOfAgreement_2" xlink:label="label_CharterHireAgreementDateOfAgreement_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CharterHireAgreementDateOfAgreement" xlink:type="resource" xml:lang="en-US">Charter Hire Agreement Date Of Agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharterHireAgreementDateOfAgreement" xlink:title="label: CharterHireAgreementDateOfAgreement to label_CharterHireAgreementDateOfAgreement" xlink:to="label_CharterHireAgreementDateOfAgreement_2" xlink:type="arc"/>
    <label id="label_CharterHireAgreementDateOfAgreement_3" xlink:label="label_CharterHireAgreementDateOfAgreement_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CharterHireAgreementDateOfAgreement" xlink:type="resource" xml:lang="en-US">Date of agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharterHireAgreementDateOfAgreement" xlink:title="label: CharterHireAgreementDateOfAgreement to label_CharterHireAgreementDateOfAgreement" xlink:to="label_CharterHireAgreementDateOfAgreement_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CharterHireAgreementFirstExtensionMember" xlink:label="CharterHireAgreementFirstExtensionMember" xlink:title="CharterHireAgreementFirstExtensionMember" xlink:type="locator"/>
    <label id="label_CharterHireAgreementFirstExtensionMember" xlink:label="label_CharterHireAgreementFirstExtensionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CharterHireAgreementFirstExtensionMember" xlink:type="resource" xml:lang="en-US">Charter Hire Agreement First Extension [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharterHireAgreementFirstExtensionMember" xlink:title="label: CharterHireAgreementFirstExtensionMember to label_CharterHireAgreementFirstExtensionMember" xlink:to="label_CharterHireAgreementFirstExtensionMember" xlink:type="arc"/>
    <label id="label_CharterHireAgreementFirstExtensionMember_2" xlink:label="label_CharterHireAgreementFirstExtensionMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CharterHireAgreementFirstExtensionMember" xlink:type="resource" xml:lang="en-US">Extended charter hire agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharterHireAgreementFirstExtensionMember" xlink:title="label: CharterHireAgreementFirstExtensionMember to label_CharterHireAgreementFirstExtensionMember" xlink:to="label_CharterHireAgreementFirstExtensionMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CharterHireAgreementMember" xlink:label="CharterHireAgreementMember" xlink:title="CharterHireAgreementMember" xlink:type="locator"/>
    <label id="label_CharterHireAgreementMember" xlink:label="label_CharterHireAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CharterHireAgreementMember" xlink:type="resource" xml:lang="en-US">Charter Hire Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharterHireAgreementMember" xlink:title="label: CharterHireAgreementMember to label_CharterHireAgreementMember" xlink:to="label_CharterHireAgreementMember" xlink:type="arc"/>
    <label id="label_CharterHireAgreementMember_2" xlink:label="label_CharterHireAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CharterHireAgreementMember" xlink:type="resource" xml:lang="en-US">Charter hire agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharterHireAgreementMember" xlink:title="label: CharterHireAgreementMember to label_CharterHireAgreementMember" xlink:to="label_CharterHireAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CharterHireDailyRate" xlink:label="CharterHireDailyRate" xlink:title="CharterHireDailyRate" xlink:type="locator"/>
    <label id="label_CharterHireDailyRate" xlink:label="label_CharterHireDailyRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CharterHireDailyRate" xlink:type="resource" xml:lang="en-US">The amount charged as daily charter hire.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharterHireDailyRate" xlink:title="label: CharterHireDailyRate to label_CharterHireDailyRate" xlink:to="label_CharterHireDailyRate" xlink:type="arc"/>
    <label id="label_CharterHireDailyRate_2" xlink:label="label_CharterHireDailyRate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CharterHireDailyRate" xlink:type="resource" xml:lang="en-US">Charter Hire Daily Rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharterHireDailyRate" xlink:title="label: CharterHireDailyRate to label_CharterHireDailyRate" xlink:to="label_CharterHireDailyRate_2" xlink:type="arc"/>
    <label id="label_CharterHireDailyRate_3" xlink:label="label_CharterHireDailyRate_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CharterHireDailyRate" xlink:type="resource" xml:lang="en-US">Charter hire daily rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharterHireDailyRate" xlink:title="label: CharterHireDailyRate to label_CharterHireDailyRate" xlink:to="label_CharterHireDailyRate_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CharteredInAssetsLeasedMember" xlink:label="CharteredInAssetsLeasedMember" xlink:title="CharteredInAssetsLeasedMember" xlink:type="locator"/>
    <label id="label_CharteredInAssetsLeasedMember" xlink:label="label_CharteredInAssetsLeasedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CharteredInAssetsLeasedMember" xlink:type="resource" xml:lang="en-US">Chartered In Assets Leased [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharteredInAssetsLeasedMember" xlink:title="label: CharteredInAssetsLeasedMember to label_CharteredInAssetsLeasedMember" xlink:to="label_CharteredInAssetsLeasedMember" xlink:type="arc"/>
    <label id="label_CharteredInAssetsLeasedMember_2" xlink:label="label_CharteredInAssetsLeasedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CharteredInAssetsLeasedMember" xlink:type="resource" xml:lang="en-US">Chartered-in vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharteredInAssetsLeasedMember" xlink:title="label: CharteredInAssetsLeasedMember to label_CharteredInAssetsLeasedMember" xlink:to="label_CharteredInAssetsLeasedMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CharteredInFleetAcquisitionMember" xlink:label="CharteredInFleetAcquisitionMember" xlink:title="CharteredInFleetAcquisitionMember" xlink:type="locator"/>
    <label id="label_CharteredInFleetAcquisitionMember" xlink:label="label_CharteredInFleetAcquisitionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CharteredInFleetAcquisitionMember" xlink:type="resource" xml:lang="en-US">Chartered In Fleet Acquisition [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharteredInFleetAcquisitionMember" xlink:title="label: CharteredInFleetAcquisitionMember to label_CharteredInFleetAcquisitionMember" xlink:to="label_CharteredInFleetAcquisitionMember" xlink:type="arc"/>
    <label id="label_CharteredInFleetAcquisitionMember_2" xlink:label="label_CharteredInFleetAcquisitionMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CharteredInFleetAcquisitionMember" xlink:type="resource" xml:lang="en-US">Chartered-in fleet acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharteredInFleetAcquisitionMember" xlink:title="label: CharteredInFleetAcquisitionMember to label_CharteredInFleetAcquisitionMember" xlink:to="label_CharteredInFleetAcquisitionMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ChartererWorseningFinancialConditionMember" xlink:label="ChartererWorseningFinancialConditionMember" xlink:title="ChartererWorseningFinancialConditionMember" xlink:type="locator"/>
    <label id="label_ChartererWorseningFinancialConditionMember" xlink:label="label_ChartererWorseningFinancialConditionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChartererWorseningFinancialConditionMember" xlink:type="resource" xml:lang="en-US">Charterer Worsening Financial Condition [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChartererWorseningFinancialConditionMember" xlink:title="label: ChartererWorseningFinancialConditionMember to label_ChartererWorseningFinancialConditionMember" xlink:to="label_ChartererWorseningFinancialConditionMember" xlink:type="arc"/>
    <label id="label_ChartererWorseningFinancialConditionMember_2" xlink:label="label_ChartererWorseningFinancialConditionMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ChartererWorseningFinancialConditionMember" xlink:type="resource" xml:lang="en-US">Defaulted charterers</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChartererWorseningFinancialConditionMember" xlink:title="label: ChartererWorseningFinancialConditionMember to label_ChartererWorseningFinancialConditionMember" xlink:to="label_ChartererWorseningFinancialConditionMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CintharaShippingLtdMember" xlink:label="CintharaShippingLtdMember" xlink:title="CintharaShippingLtdMember" xlink:type="locator"/>
    <label id="label_CintharaShippingLtdMember" xlink:label="label_CintharaShippingLtdMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CintharaShippingLtdMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Cinthara Shipping Ltd.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CintharaShippingLtdMember" xlink:title="label: CintharaShippingLtdMember to label_CintharaShippingLtdMember" xlink:to="label_CintharaShippingLtdMember" xlink:type="arc"/>
    <label id="label_CintharaShippingLtdMember_2" xlink:label="label_CintharaShippingLtdMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CintharaShippingLtdMember" xlink:type="resource" xml:lang="en-US">Cinthara Shipping Ltd [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CintharaShippingLtdMember" xlink:title="label: CintharaShippingLtdMember to label_CintharaShippingLtdMember" xlink:to="label_CintharaShippingLtdMember_2" xlink:type="arc"/>
    <label id="label_CintharaShippingLtdMember_3" xlink:label="label_CintharaShippingLtdMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CintharaShippingLtdMember" xlink:type="resource" xml:lang="en-US">Cinthara Shipping Ltd.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CintharaShippingLtdMember" xlink:title="label: CintharaShippingLtdMember to label_CintharaShippingLtdMember" xlink:to="label_CintharaShippingLtdMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CommerzbankMember" xlink:label="CommerzbankMember" xlink:title="CommerzbankMember" xlink:type="locator"/>
    <label id="label_CommerzbankMember" xlink:label="label_CommerzbankMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommerzbankMember" xlink:type="resource" xml:lang="en-US">Commerzbank [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommerzbankMember" xlink:title="label: CommerzbankMember to label_CommerzbankMember" xlink:to="label_CommerzbankMember" xlink:type="arc"/>
    <label id="label_CommerzbankMember_2" xlink:label="label_CommerzbankMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommerzbankMember" xlink:type="resource" xml:lang="en-US">Commerzbank A.G. ($240,000)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommerzbankMember" xlink:title="label: CommerzbankMember to label_CommerzbankMember" xlink:to="label_CommerzbankMember_2" xlink:type="arc"/>
    <label id="label_CommerzbankMember_3" xlink:label="label_CommerzbankMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CommerzbankMember" xlink:type="resource" xml:lang="en-US">Commerzbank A.G. to partially finance the acquisition of one Capesize vessel and the construction of three Capesize vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommerzbankMember" xlink:title="label: CommerzbankMember to label_CommerzbankMember" xlink:to="label_CommerzbankMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CommonSharesMember" xlink:label="CommonSharesMember" xlink:title="CommonSharesMember" xlink:type="locator"/>
    <label id="label_CommonSharesMember" xlink:label="label_CommonSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommonSharesMember" xlink:type="resource" xml:lang="en-US">Common Shares [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonSharesMember" xlink:title="label: CommonSharesMember to label_CommonSharesMember" xlink:to="label_CommonSharesMember" xlink:type="arc"/>
    <label id="label_CommonSharesMember_2" xlink:label="label_CommonSharesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommonSharesMember" xlink:type="resource" xml:lang="en-US">Common shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonSharesMember" xlink:title="label: CommonSharesMember to label_CommonSharesMember" xlink:to="label_CommonSharesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ComputerEquipmentAndSoftwareMember" xlink:label="ComputerEquipmentAndSoftwareMember" xlink:title="ComputerEquipmentAndSoftwareMember" xlink:type="locator"/>
    <label id="label_ComputerEquipmentAndSoftwareMember" xlink:label="label_ComputerEquipmentAndSoftwareMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComputerEquipmentAndSoftwareMember" xlink:type="resource" xml:lang="en-US">Computer equipment and software [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComputerEquipmentAndSoftwareMember" xlink:title="label: ComputerEquipmentAndSoftwareMember to label_ComputerEquipmentAndSoftwareMember" xlink:to="label_ComputerEquipmentAndSoftwareMember" xlink:type="arc"/>
    <label id="label_ComputerEquipmentAndSoftwareMember_2" xlink:label="label_ComputerEquipmentAndSoftwareMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ComputerEquipmentAndSoftwareMember" xlink:type="resource" xml:lang="en-US">Computer equipment and software</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComputerEquipmentAndSoftwareMember" xlink:title="label: ComputerEquipmentAndSoftwareMember to label_ComputerEquipmentAndSoftwareMember" xlink:to="label_ComputerEquipmentAndSoftwareMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary" xlink:label="ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary" xlink:title="ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary" xlink:type="locator"/>
    <label id="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary" xlink:label="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary" xlink:type="resource" xml:lang="en-US">Represents the purchase by a subsidiary of an additional equity interest during the period, thereby effecting a change in total (consolidated) equity attributable to the parent.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary" xlink:title="label: ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary to label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary" xlink:to="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary" xlink:type="arc"/>
    <label id="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary_2" xlink:label="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary" xlink:type="resource" xml:lang="en-US">Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Purchase Of Interest By Subsidiary</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary" xlink:title="label: ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary to label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary" xlink:to="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary_2" xlink:type="arc"/>
    <label id="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary_3" xlink:label="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary" xlink:type="resource" xml:lang="en-US">Navios Logistics acquisition of noncontrolling interest (Note 21)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary" xlink:title="label: ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary to label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary" xlink:to="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ConstructionFinancingPercentage" xlink:label="ConstructionFinancingPercentage" xlink:title="ConstructionFinancingPercentage" xlink:type="locator"/>
    <label id="label_ConstructionFinancingPercentage_2" xlink:label="label_ConstructionFinancingPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ConstructionFinancingPercentage" xlink:type="resource" xml:lang="en-US">The percentage of construction financed over the total cost.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConstructionFinancingPercentage" xlink:title="label: ConstructionFinancingPercentage to label_ConstructionFinancingPercentage" xlink:to="label_ConstructionFinancingPercentage" xlink:type="arc"/>
    <label id="label_ConstructionFinancingPercentage" xlink:label="label_ConstructionFinancingPercentage_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConstructionFinancingPercentage" xlink:type="resource" xml:lang="en-US">Conctruction financed percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConstructionFinancingPercentage" xlink:title="label: ConstructionFinancingPercentage to label_ConstructionFinancingPercentage" xlink:to="label_ConstructionFinancingPercentage_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ConstructionOfRiverAndEstuaryTankerMember" xlink:label="ConstructionOfRiverAndEstuaryTankerMember" xlink:title="ConstructionOfRiverAndEstuaryTankerMember" xlink:type="locator"/>
    <label id="label_ConstructionOfRiverAndEstuaryTankerMember" xlink:label="label_ConstructionOfRiverAndEstuaryTankerMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConstructionOfRiverAndEstuaryTankerMember" xlink:type="resource" xml:lang="en-US">Construction Of River And Estuary Tanker [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConstructionOfRiverAndEstuaryTankerMember" xlink:title="label: ConstructionOfRiverAndEstuaryTankerMember to label_ConstructionOfRiverAndEstuaryTankerMember" xlink:to="label_ConstructionOfRiverAndEstuaryTankerMember" xlink:type="arc"/>
    <label id="label_ConstructionOfRiverAndEstuaryTankerMember_2" xlink:label="label_ConstructionOfRiverAndEstuaryTankerMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConstructionOfRiverAndEstuaryTankerMember" xlink:type="resource" xml:lang="en-US">Construction of river and estuary tanker</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConstructionOfRiverAndEstuaryTankerMember" xlink:title="label: ConstructionOfRiverAndEstuaryTankerMember to label_ConstructionOfRiverAndEstuaryTankerMember" xlink:to="label_ConstructionOfRiverAndEstuaryTankerMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember" xlink:label="ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember" xlink:title="ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember" xlink:type="locator"/>
    <label id="label_ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember" xlink:label="label_ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember" xlink:type="resource" xml:lang="en-US">Container Vessel More Than Eight Thousand Twenty Foot Equivalent Units [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember" xlink:title="label: ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember to label_ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember" xlink:to="label_ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember" xlink:type="arc"/>
    <label id="label_ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember_2" xlink:label="label_ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember" xlink:type="resource" xml:lang="en-US">Container vessel more than 8,000 TEU</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember" xlink:title="label: ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember to label_ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember" xlink:to="label_ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember" xlink:label="ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember" xlink:title="ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember" xlink:type="locator"/>
    <label id="label_ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember" xlink:label="label_ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember" xlink:type="resource" xml:lang="en-US">Container Vessel More Than Thirteen Thousand Twenty Foot Equivalent Units [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember" xlink:title="label: ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember to label_ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember" xlink:to="label_ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember" xlink:type="arc"/>
    <label id="label_ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember_2" xlink:label="label_ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember" xlink:type="resource" xml:lang="en-US">Container vessel more than 13,000 TEU</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember" xlink:title="label: ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember to label_ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember" xlink:to="label_ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember" xlink:label="ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember" xlink:title="ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember" xlink:type="locator"/>
    <label id="label_ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember" xlink:label="label_ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember" xlink:type="resource" xml:lang="en-US">Container Vessel Of Six Thousand Eight Hunded Twenty Foot Equivalent Units [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember" xlink:title="label: ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember to label_ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember" xlink:to="label_ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember" xlink:type="arc"/>
    <label id="label_ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember_2" xlink:label="label_ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember" xlink:type="resource" xml:lang="en-US">Container vessel of 6,800 TEU</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember" xlink:title="label: ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember to label_ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember" xlink:to="label_ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ContainerVesselsMember" xlink:label="ContainerVesselsMember" xlink:title="ContainerVesselsMember" xlink:type="locator"/>
    <label id="label_ContainerVesselsMember_2" xlink:label="label_ContainerVesselsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContainerVesselsMember" xlink:type="resource" xml:lang="en-US">Container Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselsMember" xlink:title="label: ContainerVesselsMember to label_ContainerVesselsMember" xlink:to="label_ContainerVesselsMember_2" xlink:type="arc"/>
    <label id="label_ContainerVesselsMember_3" xlink:label="label_ContainerVesselsMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContainerVesselsMember" xlink:type="resource" xml:lang="en-US">Container vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselsMember" xlink:title="label: ContainerVesselsMember to label_ContainerVesselsMember" xlink:to="label_ContainerVesselsMember_3" xlink:type="arc"/>
    <label id="label_ContainerVesselsMember" xlink:label="label_ContainerVesselsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ContainerVesselsMember" xlink:type="resource" xml:lang="en-US">Container Vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselsMember" xlink:title="label: ContainerVesselsMember to label_ContainerVesselsMember" xlink:to="label_ContainerVesselsMember" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ContractualObligationCartisurMember" xlink:label="ContractualObligationCartisurMember" xlink:title="ContractualObligationCartisurMember" xlink:type="locator"/>
    <label id="label_ContractualObligationCartisurMember" xlink:label="label_ContractualObligationCartisurMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContractualObligationCartisurMember" xlink:type="resource" xml:lang="en-US">Contractual Obligation Cartisur [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractualObligationCartisurMember" xlink:title="label: ContractualObligationCartisurMember to label_ContractualObligationCartisurMember" xlink:to="label_ContractualObligationCartisurMember" xlink:type="arc"/>
    <label id="label_ContractualObligationCartisurMember_2" xlink:label="label_ContractualObligationCartisurMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContractualObligationCartisurMember" xlink:type="resource" xml:lang="en-US">Navios Logistics obligation related to the acquisition of another company</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractualObligationCartisurMember" xlink:title="label: ContractualObligationCartisurMember to label_ContractualObligationCartisurMember" xlink:to="label_ContractualObligationCartisurMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ContractualObligationEdolmixMember" xlink:label="ContractualObligationEdolmixMember" xlink:title="ContractualObligationEdolmixMember" xlink:type="locator"/>
    <label id="label_ContractualObligationEdolmixMember" xlink:label="label_ContractualObligationEdolmixMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContractualObligationEdolmixMember" xlink:type="resource" xml:lang="en-US">Contractual Obligation Edolmix [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractualObligationEdolmixMember" xlink:title="label: ContractualObligationEdolmixMember to label_ContractualObligationEdolmixMember" xlink:to="label_ContractualObligationEdolmixMember" xlink:type="arc"/>
    <label id="label_ContractualObligationEdolmixMember_2" xlink:label="label_ContractualObligationEdolmixMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContractualObligationEdolmixMember" xlink:type="resource" xml:lang="en-US">Navios Logistics obligation related to the acquisition of one company</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractualObligationEdolmixMember" xlink:title="label: ContractualObligationEdolmixMember to label_ContractualObligationEdolmixMember" xlink:to="label_ContractualObligationEdolmixMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ContributionsFromNoncontrollingShareholders" xlink:label="ContributionsFromNoncontrollingShareholders" xlink:title="ContributionsFromNoncontrollingShareholders" xlink:type="locator"/>
    <label id="label_ContributionsFromNoncontrollingShareholders" xlink:label="label_ContributionsFromNoncontrollingShareholders" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ContributionsFromNoncontrollingShareholders" xlink:type="resource" xml:lang="en-US">Amount of cash contributed from noncontrolling interests in an investment.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContributionsFromNoncontrollingShareholders" xlink:title="label: ContributionsFromNoncontrollingShareholders to label_ContributionsFromNoncontrollingShareholders" xlink:to="label_ContributionsFromNoncontrollingShareholders" xlink:type="arc"/>
    <label id="label_ContributionsFromNoncontrollingShareholders_2" xlink:label="label_ContributionsFromNoncontrollingShareholders_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContributionsFromNoncontrollingShareholders" xlink:type="resource" xml:lang="en-US">Contributions From Noncontrolling Shareholders</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContributionsFromNoncontrollingShareholders" xlink:title="label: ContributionsFromNoncontrollingShareholders to label_ContributionsFromNoncontrollingShareholders" xlink:to="label_ContributionsFromNoncontrollingShareholders_2" xlink:type="arc"/>
    <label id="label_ContributionsFromNoncontrollingShareholders_3" xlink:label="label_ContributionsFromNoncontrollingShareholders_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContributionsFromNoncontrollingShareholders" xlink:type="resource" xml:lang="en-US">Contribution from noncontrolling shareholders (Note 6 and 21)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContributionsFromNoncontrollingShareholders" xlink:title="label: ContributionsFromNoncontrollingShareholders to label_ContributionsFromNoncontrollingShareholders" xlink:to="label_ContributionsFromNoncontrollingShareholders_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ConvertiblePreferredStock1Member" xlink:label="ConvertiblePreferredStock1Member" xlink:title="ConvertiblePreferredStock1Member" xlink:type="locator"/>
    <label id="label_ConvertiblePreferredStock1Member" xlink:label="label_ConvertiblePreferredStock1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConvertiblePreferredStock1Member" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock1 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStock1Member" xlink:title="label: ConvertiblePreferredStock1Member to label_ConvertiblePreferredStock1Member" xlink:to="label_ConvertiblePreferredStock1Member" xlink:type="arc"/>
    <label id="label_ConvertiblePreferredStock1Member_2" xlink:label="label_ConvertiblePreferredStock1Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConvertiblePreferredStock1Member" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStock1Member" xlink:title="label: ConvertiblePreferredStock1Member to label_ConvertiblePreferredStock1Member" xlink:to="label_ConvertiblePreferredStock1Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ConvertiblePreferredStockConvertedToOtherSecuritiesShares" xlink:label="ConvertiblePreferredStockConvertedToOtherSecuritiesShares" xlink:title="ConvertiblePreferredStockConvertedToOtherSecuritiesShares" xlink:type="locator"/>
    <label id="label_ConvertiblePreferredStockConvertedToOtherSecuritiesShares" xlink:label="label_ConvertiblePreferredStockConvertedToOtherSecuritiesShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ConvertiblePreferredStockConvertedToOtherSecuritiesShares" xlink:type="resource" xml:lang="en-US">Number of convertible preferred stock that was converted to other securities.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockConvertedToOtherSecuritiesShares" xlink:title="label: ConvertiblePreferredStockConvertedToOtherSecuritiesShares to label_ConvertiblePreferredStockConvertedToOtherSecuritiesShares" xlink:to="label_ConvertiblePreferredStockConvertedToOtherSecuritiesShares" xlink:type="arc"/>
    <label id="label_ConvertiblePreferredStockConvertedToOtherSecuritiesShares_2" xlink:label="label_ConvertiblePreferredStockConvertedToOtherSecuritiesShares_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConvertiblePreferredStockConvertedToOtherSecuritiesShares" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock Converted To Other Securities Shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockConvertedToOtherSecuritiesShares" xlink:title="label: ConvertiblePreferredStockConvertedToOtherSecuritiesShares to label_ConvertiblePreferredStockConvertedToOtherSecuritiesShares" xlink:to="label_ConvertiblePreferredStockConvertedToOtherSecuritiesShares_2" xlink:type="arc"/>
    <label id="label_ConvertiblePreferredStockConvertedToOtherSecuritiesShares_3" xlink:label="label_ConvertiblePreferredStockConvertedToOtherSecuritiesShares_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConvertiblePreferredStockConvertedToOtherSecuritiesShares" xlink:type="resource" xml:lang="en-US">Conversion of preferred stock to common stock (Note 16), shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockConvertedToOtherSecuritiesShares" xlink:title="label: ConvertiblePreferredStockConvertedToOtherSecuritiesShares to label_ConvertiblePreferredStockConvertedToOtherSecuritiesShares" xlink:to="label_ConvertiblePreferredStockConvertedToOtherSecuritiesShares_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ConvertiblePreferredStockPolicyTextBlock" xlink:label="ConvertiblePreferredStockPolicyTextBlock" xlink:title="ConvertiblePreferredStockPolicyTextBlock" xlink:type="locator"/>
    <label id="label_ConvertiblePreferredStockPolicyTextBlock" xlink:label="label_ConvertiblePreferredStockPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ConvertiblePreferredStockPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Disclosure of accounting policy for convertible preferred stock transactions.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockPolicyTextBlock" xlink:title="label: ConvertiblePreferredStockPolicyTextBlock to label_ConvertiblePreferredStockPolicyTextBlock" xlink:to="label_ConvertiblePreferredStockPolicyTextBlock" xlink:type="arc"/>
    <label id="label_ConvertiblePreferredStockPolicyTextBlock_2" xlink:label="label_ConvertiblePreferredStockPolicyTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConvertiblePreferredStockPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Convertible Preferred stock [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockPolicyTextBlock" xlink:title="label: ConvertiblePreferredStockPolicyTextBlock to label_ConvertiblePreferredStockPolicyTextBlock" xlink:to="label_ConvertiblePreferredStockPolicyTextBlock_2" xlink:type="arc"/>
    <label id="label_ConvertiblePreferredStockPolicyTextBlock_3" xlink:label="label_ConvertiblePreferredStockPolicyTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConvertiblePreferredStockPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockPolicyTextBlock" xlink:title="label: ConvertiblePreferredStockPolicyTextBlock to label_ConvertiblePreferredStockPolicyTextBlock" xlink:to="label_ConvertiblePreferredStockPolicyTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ConvertiblePreferredStockSharePrice" xlink:label="ConvertiblePreferredStockSharePrice" xlink:title="ConvertiblePreferredStockSharePrice" xlink:type="locator"/>
    <label id="label_ConvertiblePreferredStockSharePrice" xlink:label="label_ConvertiblePreferredStockSharePrice" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ConvertiblePreferredStockSharePrice" xlink:type="resource" xml:lang="en-US">The price of conversion of convertible preferred stock into common stock.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockSharePrice" xlink:title="label: ConvertiblePreferredStockSharePrice to label_ConvertiblePreferredStockSharePrice" xlink:to="label_ConvertiblePreferredStockSharePrice" xlink:type="arc"/>
    <label id="label_ConvertiblePreferredStockSharePrice_2" xlink:label="label_ConvertiblePreferredStockSharePrice_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConvertiblePreferredStockSharePrice" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock Share Price</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockSharePrice" xlink:title="label: ConvertiblePreferredStockSharePrice to label_ConvertiblePreferredStockSharePrice" xlink:to="label_ConvertiblePreferredStockSharePrice_2" xlink:type="arc"/>
    <label id="label_ConvertiblePreferredStockSharePrice_3" xlink:label="label_ConvertiblePreferredStockSharePrice_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConvertiblePreferredStockSharePrice" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock Share Price</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockSharePrice" xlink:title="label: ConvertiblePreferredStockSharePrice to label_ConvertiblePreferredStockSharePrice" xlink:to="label_ConvertiblePreferredStockSharePrice_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ConvertiblePreferredStockThresholdTradingDays" xlink:label="ConvertiblePreferredStockThresholdTradingDays" xlink:title="ConvertiblePreferredStockThresholdTradingDays" xlink:type="locator"/>
    <label id="label_ConvertiblePreferredStockThresholdTradingDays" xlink:label="label_ConvertiblePreferredStockThresholdTradingDays" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ConvertiblePreferredStockThresholdTradingDays" xlink:type="resource" xml:lang="en-US">Threshold number of specified trading days where common stock price must exceed threshold stock value to trigger conversion feature.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockThresholdTradingDays" xlink:title="label: ConvertiblePreferredStockThresholdTradingDays to label_ConvertiblePreferredStockThresholdTradingDays" xlink:to="label_ConvertiblePreferredStockThresholdTradingDays" xlink:type="arc"/>
    <label id="label_ConvertiblePreferredStockThresholdTradingDays_2" xlink:label="label_ConvertiblePreferredStockThresholdTradingDays_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConvertiblePreferredStockThresholdTradingDays" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock Threshold Trading Days</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockThresholdTradingDays" xlink:title="label: ConvertiblePreferredStockThresholdTradingDays to label_ConvertiblePreferredStockThresholdTradingDays" xlink:to="label_ConvertiblePreferredStockThresholdTradingDays_2" xlink:type="arc"/>
    <label id="label_ConvertiblePreferredStockThresholdTradingDays_3" xlink:label="label_ConvertiblePreferredStockThresholdTradingDays_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConvertiblePreferredStockThresholdTradingDays" xlink:type="resource" xml:lang="en-US">Number of consecutive business days</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockThresholdTradingDays" xlink:title="label: ConvertiblePreferredStockThresholdTradingDays to label_ConvertiblePreferredStockThresholdTradingDays" xlink:to="label_ConvertiblePreferredStockThresholdTradingDays_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ConveyorBeltMember" xlink:label="ConveyorBeltMember" xlink:title="ConveyorBeltMember" xlink:type="locator"/>
    <label id="label_ConveyorBeltMember" xlink:label="label_ConveyorBeltMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConveyorBeltMember" xlink:type="resource" xml:lang="en-US">Conveyor Belt [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConveyorBeltMember" xlink:title="label: ConveyorBeltMember to label_ConveyorBeltMember" xlink:to="label_ConveyorBeltMember" xlink:type="arc"/>
    <label id="label_ConveyorBeltMember_2" xlink:label="label_ConveyorBeltMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConveyorBeltMember" xlink:type="resource" xml:lang="en-US">Conveyor Belt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConveyorBeltMember" xlink:title="label: ConveyorBeltMember to label_ConveyorBeltMember" xlink:to="label_ConveyorBeltMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CorporateIncomeTaxRate" xlink:label="CorporateIncomeTaxRate" xlink:title="CorporateIncomeTaxRate" xlink:type="locator"/>
    <label id="label_CorporateIncomeTaxRate" xlink:label="label_CorporateIncomeTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CorporateIncomeTaxRate" xlink:type="resource" xml:lang="en-US">Percentage of current corporate income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CorporateIncomeTaxRate" xlink:title="label: CorporateIncomeTaxRate to label_CorporateIncomeTaxRate" xlink:to="label_CorporateIncomeTaxRate" xlink:type="arc"/>
    <label id="label_CorporateIncomeTaxRate_2" xlink:label="label_CorporateIncomeTaxRate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CorporateIncomeTaxRate" xlink:type="resource" xml:lang="en-US">Corporate Income Tax Rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CorporateIncomeTaxRate" xlink:title="label: CorporateIncomeTaxRate to label_CorporateIncomeTaxRate" xlink:to="label_CorporateIncomeTaxRate_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CorsairShippingLtdMember" xlink:label="CorsairShippingLtdMember" xlink:title="CorsairShippingLtdMember" xlink:type="locator"/>
    <label id="label_CorsairShippingLtdMember" xlink:label="label_CorsairShippingLtdMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CorsairShippingLtdMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Corsair Shippinh Ltd.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CorsairShippingLtdMember" xlink:title="label: CorsairShippingLtdMember to label_CorsairShippingLtdMember" xlink:to="label_CorsairShippingLtdMember" xlink:type="arc"/>
    <label id="label_CorsairShippingLtdMember_2" xlink:label="label_CorsairShippingLtdMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CorsairShippingLtdMember" xlink:type="resource" xml:lang="en-US">Corsair Shipping Ltd [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CorsairShippingLtdMember" xlink:title="label: CorsairShippingLtdMember to label_CorsairShippingLtdMember" xlink:to="label_CorsairShippingLtdMember_2" xlink:type="arc"/>
    <label id="label_CorsairShippingLtdMember_3" xlink:label="label_CorsairShippingLtdMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CorsairShippingLtdMember" xlink:type="resource" xml:lang="en-US">Corsair Shipping Ltd.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CorsairShippingLtdMember" xlink:title="label: CorsairShippingLtdMember to label_CorsairShippingLtdMember" xlink:to="label_CorsairShippingLtdMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CostMember" xlink:label="CostMember" xlink:title="CostMember" xlink:type="locator"/>
    <label id="label_CostMember" xlink:label="label_CostMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CostMember" xlink:type="resource" xml:lang="en-US">Estimated cost of acquisitions,additions, disposals,vessel constructive loss and for vessel transfers held for sale as of balance sheet date.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostMember" xlink:title="label: CostMember to label_CostMember" xlink:to="label_CostMember" xlink:type="arc"/>
    <label id="label_CostMember_2" xlink:label="label_CostMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostMember" xlink:type="resource" xml:lang="en-US">Cost [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostMember" xlink:title="label: CostMember to label_CostMember" xlink:to="label_CostMember_2" xlink:type="arc"/>
    <label id="label_CostMember_3" xlink:label="label_CostMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CostMember" xlink:type="resource" xml:lang="en-US">Cost</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostMember" xlink:title="label: CostMember to label_CostMember" xlink:to="label_CostMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CustomerConcentrationRisk2Member" xlink:label="CustomerConcentrationRisk2Member" xlink:title="CustomerConcentrationRisk2Member" xlink:type="locator"/>
    <label id="label_CustomerConcentrationRisk2Member" xlink:label="label_CustomerConcentrationRisk2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CustomerConcentrationRisk2Member" xlink:type="resource" xml:lang="en-US">Customer Concentration Risk 2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CustomerConcentrationRisk2Member" xlink:title="label: CustomerConcentrationRisk2Member to label_CustomerConcentrationRisk2Member" xlink:to="label_CustomerConcentrationRisk2Member" xlink:type="arc"/>
    <label id="label_CustomerConcentrationRisk2Member_2" xlink:label="label_CustomerConcentrationRisk2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CustomerConcentrationRisk2Member" xlink:type="resource" xml:lang="en-US">Customer 2</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CustomerConcentrationRisk2Member" xlink:title="label: CustomerConcentrationRisk2Member to label_CustomerConcentrationRisk2Member" xlink:to="label_CustomerConcentrationRisk2Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DateDelivery" xlink:label="DateDelivery" xlink:title="DateDelivery" xlink:type="locator"/>
    <label id="label_DateDelivery" xlink:label="label_DateDelivery" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DateDelivery" xlink:type="resource" xml:lang="en-US">The element refers to the date of delivery of vessels, bareboats and other significant assets.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DateDelivery" xlink:title="label: DateDelivery to label_DateDelivery" xlink:to="label_DateDelivery" xlink:type="arc"/>
    <label id="label_DateDelivery_2" xlink:label="label_DateDelivery_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DateDelivery" xlink:type="resource" xml:lang="en-US">Date Of Delivery</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DateDelivery" xlink:title="label: DateDelivery to label_DateDelivery" xlink:to="label_DateDelivery_2" xlink:type="arc"/>
    <label id="label_DateDelivery_3" xlink:label="label_DateDelivery_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DateDelivery" xlink:type="resource" xml:lang="en-US">Date of delivery</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DateDelivery" xlink:title="label: DateDelivery to label_DateDelivery" xlink:to="label_DateDelivery_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DateExpectedDelivery" xlink:label="DateExpectedDelivery" xlink:title="DateExpectedDelivery" xlink:type="locator"/>
    <label id="label_DateExpectedDelivery" xlink:label="label_DateExpectedDelivery" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DateExpectedDelivery" xlink:type="resource" xml:lang="en-US">The element refers to the expected date of delivery of vessels, bareboats and other significant assets.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DateExpectedDelivery" xlink:title="label: DateExpectedDelivery to label_DateExpectedDelivery" xlink:to="label_DateExpectedDelivery" xlink:type="arc"/>
    <label id="label_DateExpectedDelivery_2" xlink:label="label_DateExpectedDelivery_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DateExpectedDelivery" xlink:type="resource" xml:lang="en-US">Date Expected Delivery</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DateExpectedDelivery" xlink:title="label: DateExpectedDelivery to label_DateExpectedDelivery" xlink:to="label_DateExpectedDelivery_2" xlink:type="arc"/>
    <label id="label_DateExpectedDelivery_3" xlink:label="label_DateExpectedDelivery_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DateExpectedDelivery" xlink:type="resource" xml:lang="en-US">Date of expected delivery</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DateExpectedDelivery" xlink:title="label: DateExpectedDelivery to label_DateExpectedDelivery" xlink:to="label_DateExpectedDelivery_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DebtInstrumentMandatoryRedemptionPricePercentage" xlink:label="DebtInstrumentMandatoryRedemptionPricePercentage" xlink:title="DebtInstrumentMandatoryRedemptionPricePercentage" xlink:type="locator"/>
    <label id="label_DebtInstrumentMandatoryRedemptionPricePercentage" xlink:label="label_DebtInstrumentMandatoryRedemptionPricePercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtInstrumentMandatoryRedemptionPricePercentage" xlink:type="resource" xml:lang="en-US">Percentage price of original principal amount of debt at which the holders of the Notes have the right to require issuer to repurchase some or all of the Notes.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentMandatoryRedemptionPricePercentage" xlink:title="label: DebtInstrumentMandatoryRedemptionPricePercentage to label_DebtInstrumentMandatoryRedemptionPricePercentage" xlink:to="label_DebtInstrumentMandatoryRedemptionPricePercentage" xlink:type="arc"/>
    <label id="label_DebtInstrumentMandatoryRedemptionPricePercentage_2" xlink:label="label_DebtInstrumentMandatoryRedemptionPricePercentage_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentMandatoryRedemptionPricePercentage" xlink:type="resource" xml:lang="en-US">Debt Instrument Mandatory Redemption Price Percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentMandatoryRedemptionPricePercentage" xlink:title="label: DebtInstrumentMandatoryRedemptionPricePercentage to label_DebtInstrumentMandatoryRedemptionPricePercentage" xlink:to="label_DebtInstrumentMandatoryRedemptionPricePercentage_2" xlink:type="arc"/>
    <label id="label_DebtInstrumentMandatoryRedemptionPricePercentage_3" xlink:label="label_DebtInstrumentMandatoryRedemptionPricePercentage_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentMandatoryRedemptionPricePercentage" xlink:type="resource" xml:lang="en-US">Mandatory redemption price percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentMandatoryRedemptionPricePercentage" xlink:title="label: DebtInstrumentMandatoryRedemptionPricePercentage to label_DebtInstrumentMandatoryRedemptionPricePercentage" xlink:to="label_DebtInstrumentMandatoryRedemptionPricePercentage_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption" xlink:label="DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption" xlink:title="DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption" xlink:type="locator"/>
    <label id="label_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption" xlink:label="label_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption" xlink:type="resource" xml:lang="en-US">Percentage of principal amount of debt outstanding after redemption.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption" xlink:title="label: DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption to label_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption" xlink:to="label_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption" xlink:type="arc"/>
    <label id="label_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption_2" xlink:label="label_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption" xlink:type="resource" xml:lang="en-US">Debt Instrument Percentage Of Principal Amount Outstanding After Redemption</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption" xlink:title="label: DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption to label_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption" xlink:to="label_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption_2" xlink:type="arc"/>
    <label id="label_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption_3" xlink:label="label_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption" xlink:type="resource" xml:lang="en-US">Percentage of principal amount of debt outstanding after redemption</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption" xlink:title="label: DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption to label_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption" xlink:to="label_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DebtInstrumentPricePremium" xlink:label="DebtInstrumentPricePremium" xlink:title="DebtInstrumentPricePremium" xlink:type="locator"/>
    <label id="label_DebtInstrumentPricePremium" xlink:label="label_DebtInstrumentPricePremium" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtInstrumentPricePremium" xlink:type="resource" xml:lang="en-US">The price at which the debt instrument was issued, after application of the premium.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPricePremium" xlink:title="label: DebtInstrumentPricePremium to label_DebtInstrumentPricePremium" xlink:to="label_DebtInstrumentPricePremium" xlink:type="arc"/>
    <label id="label_DebtInstrumentPricePremium_2" xlink:label="label_DebtInstrumentPricePremium_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentPricePremium" xlink:type="resource" xml:lang="en-US">Debt Instrument Price Premium</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPricePremium" xlink:title="label: DebtInstrumentPricePremium to label_DebtInstrumentPricePremium" xlink:to="label_DebtInstrumentPricePremium_2" xlink:type="arc"/>
    <label id="label_DebtInstrumentPricePremium_3" xlink:label="label_DebtInstrumentPricePremium_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentPricePremium" xlink:type="resource" xml:lang="en-US">Debt instrument price premium</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPricePremium" xlink:title="label: DebtInstrumentPricePremium to label_DebtInstrumentPricePremium" xlink:to="label_DebtInstrumentPricePremium_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DebtInstrumentRedemptionPeriodFirstMember" xlink:label="DebtInstrumentRedemptionPeriodFirstMember" xlink:title="DebtInstrumentRedemptionPeriodFirstMember" xlink:type="locator"/>
    <label id="label_DebtInstrumentRedemptionPeriodFirstMember" xlink:label="label_DebtInstrumentRedemptionPeriodFirstMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentRedemptionPeriodFirstMember" xlink:type="resource" xml:lang="en-US">Debt Instrument Redemption Period First [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodFirstMember" xlink:title="label: DebtInstrumentRedemptionPeriodFirstMember to label_DebtInstrumentRedemptionPeriodFirstMember" xlink:to="label_DebtInstrumentRedemptionPeriodFirstMember" xlink:type="arc"/>
    <label id="label_DebtInstrumentRedemptionPeriodFirstMember_2" xlink:label="label_DebtInstrumentRedemptionPeriodFirstMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentRedemptionPeriodFirstMember" xlink:type="resource" xml:lang="en-US">First 4 installments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodFirstMember" xlink:title="label: DebtInstrumentRedemptionPeriodFirstMember to label_DebtInstrumentRedemptionPeriodFirstMember" xlink:to="label_DebtInstrumentRedemptionPeriodFirstMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DebtInstrumentRedemptionPeriodOneNotes2022Member" xlink:label="DebtInstrumentRedemptionPeriodOneNotes2022Member" xlink:title="DebtInstrumentRedemptionPeriodOneNotes2022Member" xlink:type="locator"/>
    <label id="label_DebtInstrumentRedemptionPeriodOneNotes2022Member" xlink:label="label_DebtInstrumentRedemptionPeriodOneNotes2022Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentRedemptionPeriodOneNotes2022Member" xlink:type="resource" xml:lang="en-US">Debt Instrument Redemption Period One Notes 2022 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodOneNotes2022Member" xlink:title="label: DebtInstrumentRedemptionPeriodOneNotes2022Member to label_DebtInstrumentRedemptionPeriodOneNotes2022Member" xlink:to="label_DebtInstrumentRedemptionPeriodOneNotes2022Member" xlink:type="arc"/>
    <label id="label_DebtInstrumentRedemptionPeriodOneNotes2022Member_2" xlink:label="label_DebtInstrumentRedemptionPeriodOneNotes2022Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentRedemptionPeriodOneNotes2022Member" xlink:type="resource" xml:lang="en-US">From issuance date to January 14, 2017</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodOneNotes2022Member" xlink:title="label: DebtInstrumentRedemptionPeriodOneNotes2022Member to label_DebtInstrumentRedemptionPeriodOneNotes2022Member" xlink:to="label_DebtInstrumentRedemptionPeriodOneNotes2022Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DebtInstrumentRedemptionPeriodSecondMember" xlink:label="DebtInstrumentRedemptionPeriodSecondMember" xlink:title="DebtInstrumentRedemptionPeriodSecondMember" xlink:type="locator"/>
    <label id="label_DebtInstrumentRedemptionPeriodSecondMember" xlink:label="label_DebtInstrumentRedemptionPeriodSecondMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentRedemptionPeriodSecondMember" xlink:type="resource" xml:lang="en-US">Debt Instrument Redemption Period Second [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodSecondMember" xlink:title="label: DebtInstrumentRedemptionPeriodSecondMember to label_DebtInstrumentRedemptionPeriodSecondMember" xlink:to="label_DebtInstrumentRedemptionPeriodSecondMember" xlink:type="arc"/>
    <label id="label_DebtInstrumentRedemptionPeriodSecondMember_2" xlink:label="label_DebtInstrumentRedemptionPeriodSecondMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentRedemptionPeriodSecondMember" xlink:type="resource" xml:lang="en-US">From 5th to 21rst installments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodSecondMember" xlink:title="label: DebtInstrumentRedemptionPeriodSecondMember to label_DebtInstrumentRedemptionPeriodSecondMember" xlink:to="label_DebtInstrumentRedemptionPeriodSecondMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DebtInstrumentRedemptionPeriodTwo2019NotesMember" xlink:label="DebtInstrumentRedemptionPeriodTwo2019NotesMember" xlink:title="DebtInstrumentRedemptionPeriodTwo2019NotesMember" xlink:type="locator"/>
    <label id="label_DebtInstrumentRedemptionPeriodTwo2019NotesMember" xlink:label="label_DebtInstrumentRedemptionPeriodTwo2019NotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentRedemptionPeriodTwo2019NotesMember" xlink:type="resource" xml:lang="en-US">Debt Instrument Redemption Period Two 2019 Notes [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodTwo2019NotesMember" xlink:title="label: DebtInstrumentRedemptionPeriodTwo2019NotesMember to label_DebtInstrumentRedemptionPeriodTwo2019NotesMember" xlink:to="label_DebtInstrumentRedemptionPeriodTwo2019NotesMember" xlink:type="arc"/>
    <label id="label_DebtInstrumentRedemptionPeriodTwo2019NotesMember_2" xlink:label="label_DebtInstrumentRedemptionPeriodTwo2019NotesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentRedemptionPeriodTwo2019NotesMember" xlink:type="resource" xml:lang="en-US">On or after February 15, 2015</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodTwo2019NotesMember" xlink:title="label: DebtInstrumentRedemptionPeriodTwo2019NotesMember to label_DebtInstrumentRedemptionPeriodTwo2019NotesMember" xlink:to="label_DebtInstrumentRedemptionPeriodTwo2019NotesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DebtInstrumentRedemptionPeriodTwo2022NotesMember" xlink:label="DebtInstrumentRedemptionPeriodTwo2022NotesMember" xlink:title="DebtInstrumentRedemptionPeriodTwo2022NotesMember" xlink:type="locator"/>
    <label id="label_DebtInstrumentRedemptionPeriodTwo2022NotesMember" xlink:label="label_DebtInstrumentRedemptionPeriodTwo2022NotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentRedemptionPeriodTwo2022NotesMember" xlink:type="resource" xml:lang="en-US">Debt Instrument Redemption Period Two 2022 Notes [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodTwo2022NotesMember" xlink:title="label: DebtInstrumentRedemptionPeriodTwo2022NotesMember to label_DebtInstrumentRedemptionPeriodTwo2022NotesMember" xlink:to="label_DebtInstrumentRedemptionPeriodTwo2022NotesMember" xlink:type="arc"/>
    <label id="label_DebtInstrumentRedemptionPeriodTwo2022NotesMember_2" xlink:label="label_DebtInstrumentRedemptionPeriodTwo2022NotesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentRedemptionPeriodTwo2022NotesMember" xlink:type="resource" xml:lang="en-US">On or after January 15, 2017</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodTwo2022NotesMember" xlink:title="label: DebtInstrumentRedemptionPeriodTwo2022NotesMember to label_DebtInstrumentRedemptionPeriodTwo2022NotesMember" xlink:to="label_DebtInstrumentRedemptionPeriodTwo2022NotesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DecreaseInCapitalLeaseObligationDueToRestructuring" xlink:label="DecreaseInCapitalLeaseObligationDueToRestructuring" xlink:title="DecreaseInCapitalLeaseObligationDueToRestructuring" xlink:type="locator"/>
    <label id="label_DecreaseInCapitalLeaseObligationDueToRestructuring" xlink:label="label_DecreaseInCapitalLeaseObligationDueToRestructuring" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DecreaseInCapitalLeaseObligationDueToRestructuring" xlink:type="resource" xml:lang="en-US">Decrease in capital lease obligation due to restructuring.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseInCapitalLeaseObligationDueToRestructuring" xlink:title="label: DecreaseInCapitalLeaseObligationDueToRestructuring to label_DecreaseInCapitalLeaseObligationDueToRestructuring" xlink:to="label_DecreaseInCapitalLeaseObligationDueToRestructuring" xlink:type="arc"/>
    <label id="label_DecreaseInCapitalLeaseObligationDueToRestructuring_2" xlink:label="label_DecreaseInCapitalLeaseObligationDueToRestructuring_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DecreaseInCapitalLeaseObligationDueToRestructuring" xlink:type="resource" xml:lang="en-US">Decrease In Capital Lease Obligation Due To Restructuring</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseInCapitalLeaseObligationDueToRestructuring" xlink:title="label: DecreaseInCapitalLeaseObligationDueToRestructuring to label_DecreaseInCapitalLeaseObligationDueToRestructuring" xlink:to="label_DecreaseInCapitalLeaseObligationDueToRestructuring_2" xlink:type="arc"/>
    <label id="label_DecreaseInCapitalLeaseObligationDueToRestructuring_3" xlink:label="label_DecreaseInCapitalLeaseObligationDueToRestructuring_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DecreaseInCapitalLeaseObligationDueToRestructuring" xlink:type="resource" xml:lang="en-US">Decrease in capital lease obligations due to restructuring</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseInCapitalLeaseObligationDueToRestructuring" xlink:title="label: DecreaseInCapitalLeaseObligationDueToRestructuring to label_DecreaseInCapitalLeaseObligationDueToRestructuring" xlink:to="label_DecreaseInCapitalLeaseObligationDueToRestructuring_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DefaultCounterpartyMember" xlink:label="DefaultCounterpartyMember" xlink:title="DefaultCounterpartyMember" xlink:type="locator"/>
    <label id="label_DefaultCounterpartyMember" xlink:label="label_DefaultCounterpartyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DefaultCounterpartyMember" xlink:type="resource" xml:lang="en-US">Default Counterparty [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefaultCounterpartyMember" xlink:title="label: DefaultCounterpartyMember to label_DefaultCounterpartyMember" xlink:to="label_DefaultCounterpartyMember" xlink:type="arc"/>
    <label id="label_DefaultCounterpartyMember_2" xlink:label="label_DefaultCounterpartyMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DefaultCounterpartyMember" xlink:type="resource" xml:lang="en-US">Default counterparty</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefaultCounterpartyMember" xlink:title="label: DefaultCounterpartyMember to label_DefaultCounterpartyMember" xlink:to="label_DefaultCounterpartyMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DefaultInsurancePolicyMember" xlink:label="DefaultInsurancePolicyMember" xlink:title="DefaultInsurancePolicyMember" xlink:type="locator"/>
    <label id="label_DefaultInsurancePolicyMember" xlink:label="label_DefaultInsurancePolicyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DefaultInsurancePolicyMember" xlink:type="resource" xml:lang="en-US">Default Insurance Policy [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefaultInsurancePolicyMember" xlink:title="label: DefaultInsurancePolicyMember to label_DefaultInsurancePolicyMember" xlink:to="label_DefaultInsurancePolicyMember" xlink:type="arc"/>
    <label id="label_DefaultInsurancePolicyMember_2" xlink:label="label_DefaultInsurancePolicyMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DefaultInsurancePolicyMember" xlink:type="resource" xml:lang="en-US">Default credit insurance policy</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefaultInsurancePolicyMember" xlink:title="label: DefaultInsurancePolicyMember to label_DefaultInsurancePolicyMember" xlink:to="label_DefaultInsurancePolicyMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DefaultedChartererMember" xlink:label="DefaultedChartererMember" xlink:title="DefaultedChartererMember" xlink:type="locator"/>
    <label id="label_DefaultedChartererMember" xlink:label="label_DefaultedChartererMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DefaultedChartererMember" xlink:type="resource" xml:lang="en-US">Defaulted Charterer [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefaultedChartererMember" xlink:title="label: DefaultedChartererMember to label_DefaultedChartererMember" xlink:to="label_DefaultedChartererMember" xlink:type="arc"/>
    <label id="label_DefaultedChartererMember_2" xlink:label="label_DefaultedChartererMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DefaultedChartererMember" xlink:type="resource" xml:lang="en-US">Defaulted charterers no longer covered by insurance</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefaultedChartererMember" xlink:title="label: DefaultedChartererMember to label_DefaultedChartererMember" xlink:to="label_DefaultedChartererMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DeferredPaymentForAcquisitionIntangibleAssets" xlink:label="DeferredPaymentForAcquisitionIntangibleAssets" xlink:title="DeferredPaymentForAcquisitionIntangibleAssets" xlink:type="locator"/>
    <label id="label_DeferredPaymentForAcquisitionIntangibleAssets" xlink:label="label_DeferredPaymentForAcquisitionIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DeferredPaymentForAcquisitionIntangibleAssets" xlink:type="resource" xml:lang="en-US">The deferred payment for the acquisition of intangible assets.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredPaymentForAcquisitionIntangibleAssets" xlink:title="label: DeferredPaymentForAcquisitionIntangibleAssets to label_DeferredPaymentForAcquisitionIntangibleAssets" xlink:to="label_DeferredPaymentForAcquisitionIntangibleAssets" xlink:type="arc"/>
    <label id="label_DeferredPaymentForAcquisitionIntangibleAssets_2" xlink:label="label_DeferredPaymentForAcquisitionIntangibleAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredPaymentForAcquisitionIntangibleAssets" xlink:type="resource" xml:lang="en-US">Deferred Payment For Acquisition Intangible Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredPaymentForAcquisitionIntangibleAssets" xlink:title="label: DeferredPaymentForAcquisitionIntangibleAssets to label_DeferredPaymentForAcquisitionIntangibleAssets" xlink:to="label_DeferredPaymentForAcquisitionIntangibleAssets_2" xlink:type="arc"/>
    <label id="label_DeferredPaymentForAcquisitionIntangibleAssets_3" xlink:label="label_DeferredPaymentForAcquisitionIntangibleAssets_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredPaymentForAcquisitionIntangibleAssets" xlink:type="resource" xml:lang="en-US">Balance of the purchase price</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredPaymentForAcquisitionIntangibleAssets" xlink:title="label: DeferredPaymentForAcquisitionIntangibleAssets to label_DeferredPaymentForAcquisitionIntangibleAssets" xlink:to="label_DeferredPaymentForAcquisitionIntangibleAssets_3" xlink:type="arc"/>
    <label id="label_DeferredPaymentForAcquisitionIntangibleAssets_4" xlink:label="label_DeferredPaymentForAcquisitionIntangibleAssets_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DeferredPaymentForAcquisitionIntangibleAssets" xlink:type="resource" xml:lang="en-US">Payment for acquisition of intangible asset</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredPaymentForAcquisitionIntangibleAssets" xlink:title="label: DeferredPaymentForAcquisitionIntangibleAssets to label_DeferredPaymentForAcquisitionIntangibleAssets" xlink:to="label_DeferredPaymentForAcquisitionIntangibleAssets_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DepositForVesselAcquistionsPolicyTextBlock" xlink:label="DepositForVesselAcquistionsPolicyTextBlock" xlink:title="DepositForVesselAcquistionsPolicyTextBlock" xlink:type="locator"/>
    <label id="label_DepositForVesselAcquistionsPolicyTextBlock" xlink:label="label_DepositForVesselAcquistionsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DepositForVesselAcquistionsPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Disclosure of accounting policy of recognition of deposits for vessel acquisition.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepositForVesselAcquistionsPolicyTextBlock" xlink:title="label: DepositForVesselAcquistionsPolicyTextBlock to label_DepositForVesselAcquistionsPolicyTextBlock" xlink:to="label_DepositForVesselAcquistionsPolicyTextBlock" xlink:type="arc"/>
    <label id="label_DepositForVesselAcquistionsPolicyTextBlock_2" xlink:label="label_DepositForVesselAcquistionsPolicyTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepositForVesselAcquistionsPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Deposit for Vessel Acquistions [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepositForVesselAcquistionsPolicyTextBlock" xlink:title="label: DepositForVesselAcquistionsPolicyTextBlock to label_DepositForVesselAcquistionsPolicyTextBlock" xlink:to="label_DepositForVesselAcquistionsPolicyTextBlock_2" xlink:type="arc"/>
    <label id="label_DepositForVesselAcquistionsPolicyTextBlock_3" xlink:label="label_DepositForVesselAcquistionsPolicyTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DepositForVesselAcquistionsPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Deposits for Vessel Acquisitions</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepositForVesselAcquistionsPolicyTextBlock" xlink:title="label: DepositForVesselAcquistionsPolicyTextBlock to label_DepositForVesselAcquistionsPolicyTextBlock" xlink:to="label_DepositForVesselAcquistionsPolicyTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DepositRelatedToPropertyAcquisition" xlink:label="DepositRelatedToPropertyAcquisition" xlink:title="DepositRelatedToPropertyAcquisition" xlink:type="locator"/>
    <label id="label_DepositRelatedToPropertyAcquisition" xlink:label="label_DepositRelatedToPropertyAcquisition" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DepositRelatedToPropertyAcquisition" xlink:type="resource" xml:lang="en-US">Amount of deposits related to property acquisition in noncash investing or financing transactions.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepositRelatedToPropertyAcquisition" xlink:title="label: DepositRelatedToPropertyAcquisition to label_DepositRelatedToPropertyAcquisition" xlink:to="label_DepositRelatedToPropertyAcquisition" xlink:type="arc"/>
    <label id="label_DepositRelatedToPropertyAcquisition_2" xlink:label="label_DepositRelatedToPropertyAcquisition_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepositRelatedToPropertyAcquisition" xlink:type="resource" xml:lang="en-US">Deposit Related To Property Acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepositRelatedToPropertyAcquisition" xlink:title="label: DepositRelatedToPropertyAcquisition to label_DepositRelatedToPropertyAcquisition" xlink:to="label_DepositRelatedToPropertyAcquisition_2" xlink:type="arc"/>
    <label id="label_DepositRelatedToPropertyAcquisition_3" xlink:label="label_DepositRelatedToPropertyAcquisition_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DepositRelatedToPropertyAcquisition" xlink:type="resource" xml:lang="en-US">Deposits for vessels, port terminals and other fixed assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepositRelatedToPropertyAcquisition" xlink:title="label: DepositRelatedToPropertyAcquisition to label_DepositRelatedToPropertyAcquisition" xlink:to="label_DepositRelatedToPropertyAcquisition_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DepositarySharesStockParValue" xlink:label="DepositarySharesStockParValue" xlink:title="DepositarySharesStockParValue" xlink:type="locator"/>
    <label id="label_DepositarySharesStockParValue" xlink:label="label_DepositarySharesStockParValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DepositarySharesStockParValue" xlink:type="resource" xml:lang="en-US">Face amount per share of depositary shares equivalent to the redemption price per share.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepositarySharesStockParValue" xlink:title="label: DepositarySharesStockParValue to label_DepositarySharesStockParValue" xlink:to="label_DepositarySharesStockParValue" xlink:type="arc"/>
    <label id="label_DepositarySharesStockParValue_2" xlink:label="label_DepositarySharesStockParValue_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepositarySharesStockParValue" xlink:type="resource" xml:lang="en-US">Depositary Shares Stock Par Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepositarySharesStockParValue" xlink:title="label: DepositarySharesStockParValue to label_DepositarySharesStockParValue" xlink:to="label_DepositarySharesStockParValue_2" xlink:type="arc"/>
    <label id="label_DepositarySharesStockParValue_3" xlink:label="label_DepositarySharesStockParValue_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DepositarySharesStockParValue" xlink:type="resource" xml:lang="en-US">Preferred Stock Redemption Price per American Depositary Share</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepositarySharesStockParValue" xlink:title="label: DepositarySharesStockParValue to label_DepositarySharesStockParValue" xlink:to="label_DepositarySharesStockParValue_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DepositaryShares" xlink:label="DepositaryShares" xlink:title="DepositaryShares" xlink:type="locator"/>
    <label id="label_DepositaryShares" xlink:label="label_DepositaryShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DepositaryShares" xlink:type="resource" xml:lang="en-US">Total number of depositary shares.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepositaryShares" xlink:title="label: DepositaryShares to label_DepositaryShares" xlink:to="label_DepositaryShares" xlink:type="arc"/>
    <label id="label_DepositaryShares_2" xlink:label="label_DepositaryShares_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepositaryShares" xlink:type="resource" xml:lang="en-US">Depositary Shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepositaryShares" xlink:title="label: DepositaryShares to label_DepositaryShares" xlink:to="label_DepositaryShares_2" xlink:type="arc"/>
    <label id="label_DepositaryShares_3" xlink:label="label_DepositaryShares_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DepositaryShares" xlink:type="resource" xml:lang="en-US">Number of shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepositaryShares" xlink:title="label: DepositaryShares to label_DepositaryShares" xlink:to="label_DepositaryShares_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock" xlink:label="DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock" xlink:title="DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock" xlink:type="locator"/>
    <label id="label_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock" xlink:label="label_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Disclosure of accounting policy of recognition of deposits for vessels, port terminals and other fixed assets acquisition.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock" xlink:title="label: DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock to label_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock" xlink:to="label_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock" xlink:type="arc"/>
    <label id="label_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock_2" xlink:label="label_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Deposits For Vessels Port Terminals Other Fixed Assets [Policy TextBlock]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock" xlink:title="label: DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock to label_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock" xlink:to="label_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock_2" xlink:type="arc"/>
    <label id="label_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock_3" xlink:label="label_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Deposits for Vessels, Port Terminals, and Other Fixed Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock" xlink:title="label: DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock to label_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock" xlink:to="label_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DepreciationOnNetBookValue" xlink:label="DepreciationOnNetBookValue" xlink:title="DepreciationOnNetBookValue" xlink:type="locator"/>
    <label id="label_DepreciationOnNetBookValue_2" xlink:label="label_DepreciationOnNetBookValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DepreciationOnNetBookValue" xlink:type="resource" xml:lang="en-US">The amount of expence charged against the net book value of assets in the current period.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationOnNetBookValue" xlink:title="label: DepreciationOnNetBookValue to label_DepreciationOnNetBookValue" xlink:to="label_DepreciationOnNetBookValue" xlink:type="arc"/>
    <label id="label_DepreciationOnNetBookValue_3" xlink:label="label_DepreciationOnNetBookValue_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepreciationOnNetBookValue" xlink:type="resource" xml:lang="en-US">Depreciation On Net Book Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationOnNetBookValue" xlink:title="label: DepreciationOnNetBookValue to label_DepreciationOnNetBookValue" xlink:to="label_DepreciationOnNetBookValue_2" xlink:type="arc"/>
    <label id="label_DepreciationOnNetBookValue_4" xlink:label="label_DepreciationOnNetBookValue_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DepreciationOnNetBookValue" xlink:type="resource" xml:lang="en-US">Additions</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationOnNetBookValue" xlink:title="label: DepreciationOnNetBookValue to label_DepreciationOnNetBookValue" xlink:to="label_DepreciationOnNetBookValue_3" xlink:type="arc"/>
    <label id="label_DepreciationOnNetBookValue" xlink:label="label_DepreciationOnNetBookValue_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DepreciationOnNetBookValue" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationOnNetBookValue" xlink:title="label: DepreciationOnNetBookValue to label_DepreciationOnNetBookValue" xlink:to="label_DepreciationOnNetBookValue_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DiesisShipManagementLtdMember" xlink:label="DiesisShipManagementLtdMember" xlink:title="DiesisShipManagementLtdMember" xlink:type="locator"/>
    <label id="label_DiesisShipManagementLtdMember" xlink:label="label_DiesisShipManagementLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DiesisShipManagementLtdMember" xlink:type="resource" xml:lang="en-US">Diesis Ship Management Ltd [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiesisShipManagementLtdMember" xlink:title="label: DiesisShipManagementLtdMember to label_DiesisShipManagementLtdMember" xlink:to="label_DiesisShipManagementLtdMember" xlink:type="arc"/>
    <label id="label_DiesisShipManagementLtdMember_2" xlink:label="label_DiesisShipManagementLtdMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DiesisShipManagementLtdMember" xlink:type="resource" xml:lang="en-US">Diesis Ship Management Ltd.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiesisShipManagementLtdMember" xlink:title="label: DiesisShipManagementLtdMember to label_DiesisShipManagementLtdMember" xlink:to="label_DiesisShipManagementLtdMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DiesisShipmanagementMember" xlink:label="DiesisShipmanagementMember" xlink:title="DiesisShipmanagementMember" xlink:type="locator"/>
    <label id="label_DiesisShipmanagementMember" xlink:label="label_DiesisShipmanagementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DiesisShipmanagementMember" xlink:type="resource" xml:lang="en-US">Diesis Shipmanagement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiesisShipmanagementMember" xlink:title="label: DiesisShipmanagementMember to label_DiesisShipmanagementMember" xlink:to="label_DiesisShipmanagementMember" xlink:type="arc"/>
    <label id="label_DiesisShipmanagementMember_2" xlink:label="label_DiesisShipmanagementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DiesisShipmanagementMember" xlink:type="resource" xml:lang="en-US">Diesis Shipmanagement Ltd. ownership percentage in Navios Asia</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiesisShipmanagementMember" xlink:title="label: DiesisShipmanagementMember to label_DiesisShipmanagementMember" xlink:to="label_DiesisShipmanagementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DisposalAssetsTextBlock" xlink:label="DisposalAssetsTextBlock" xlink:title="DisposalAssetsTextBlock" xlink:type="locator"/>
    <label id="label_DisposalAssetsTextBlock" xlink:label="label_DisposalAssetsTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisposalAssetsTextBlock" xlink:type="resource" xml:lang="en-US">Disclosure of the disposed asset, the gain (loss) realized at the time of disposition of the asset.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalAssetsTextBlock" xlink:title="label: DisposalAssetsTextBlock to label_DisposalAssetsTextBlock" xlink:to="label_DisposalAssetsTextBlock" xlink:type="arc"/>
    <label id="label_DisposalAssetsTextBlock_2" xlink:label="label_DisposalAssetsTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisposalAssetsTextBlock" xlink:type="resource" xml:lang="en-US">Disposal of Assets [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalAssetsTextBlock" xlink:title="label: DisposalAssetsTextBlock to label_DisposalAssetsTextBlock" xlink:to="label_DisposalAssetsTextBlock_2" xlink:type="arc"/>
    <label id="label_DisposalAssetsTextBlock_3" xlink:label="label_DisposalAssetsTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisposalAssetsTextBlock" xlink:type="resource" xml:lang="en-US">DISPOSAL OF ASSETS</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalAssetsTextBlock" xlink:title="label: DisposalAssetsTextBlock to label_DisposalAssetsTextBlock" xlink:to="label_DisposalAssetsTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DisposalsAccumulatedDepreciation" xlink:label="DisposalsAccumulatedDepreciation" xlink:title="DisposalsAccumulatedDepreciation" xlink:type="locator"/>
    <label id="label_DisposalsAccumulatedDepreciation" xlink:label="label_DisposalsAccumulatedDepreciation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisposalsAccumulatedDepreciation" xlink:type="resource" xml:lang="en-US">Amount of accumulated depreciation, depletion and amortization of divested long-lived, physical assets used in the normal conduct of business to produce goods and services.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalsAccumulatedDepreciation" xlink:title="label: DisposalsAccumulatedDepreciation to label_DisposalsAccumulatedDepreciation" xlink:to="label_DisposalsAccumulatedDepreciation" xlink:type="arc"/>
    <label id="label_DisposalsAccumulatedDepreciation_2" xlink:label="label_DisposalsAccumulatedDepreciation_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisposalsAccumulatedDepreciation" xlink:type="resource" xml:lang="en-US">Disposals Accumulated Depreciation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalsAccumulatedDepreciation" xlink:title="label: DisposalsAccumulatedDepreciation to label_DisposalsAccumulatedDepreciation" xlink:to="label_DisposalsAccumulatedDepreciation_2" xlink:type="arc"/>
    <label id="label_DisposalsAccumulatedDepreciation_3" xlink:label="label_DisposalsAccumulatedDepreciation_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisposalsAccumulatedDepreciation" xlink:type="resource" xml:lang="en-US">Disposals</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalsAccumulatedDepreciation" xlink:title="label: DisposalsAccumulatedDepreciation to label_DisposalsAccumulatedDepreciation" xlink:to="label_DisposalsAccumulatedDepreciation_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DividendUndeclaredMember" xlink:label="DividendUndeclaredMember" xlink:title="DividendUndeclaredMember" xlink:type="locator"/>
    <label id="label_DividendUndeclaredMember" xlink:label="label_DividendUndeclaredMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendUndeclaredMember" xlink:type="resource" xml:lang="en-US">Dividend Undeclared [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendUndeclaredMember" xlink:title="label: DividendUndeclaredMember to label_DividendUndeclaredMember" xlink:to="label_DividendUndeclaredMember" xlink:type="arc"/>
    <label id="label_DividendUndeclaredMember_2" xlink:label="label_DividendUndeclaredMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendUndeclaredMember" xlink:type="resource" xml:lang="en-US">Dividends undeclared</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendUndeclaredMember" xlink:title="label: DividendUndeclaredMember to label_DividendUndeclaredMember" xlink:to="label_DividendUndeclaredMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DividendsCancelledMember" xlink:label="DividendsCancelledMember" xlink:title="DividendsCancelledMember" xlink:type="locator"/>
    <label id="label_DividendsCancelledMember" xlink:label="label_DividendsCancelledMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsCancelledMember" xlink:type="resource" xml:lang="en-US">Dividends Cancelled [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsCancelledMember" xlink:title="label: DividendsCancelledMember to label_DividendsCancelledMember" xlink:to="label_DividendsCancelledMember" xlink:type="arc"/>
    <label id="label_DividendsCancelledMember_2" xlink:label="label_DividendsCancelledMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsCancelledMember" xlink:type="resource" xml:lang="en-US">Dividends cancelled</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsCancelledMember" xlink:title="label: DividendsCancelledMember to label_DividendsCancelledMember" xlink:to="label_DividendsCancelledMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DividendsCancelled" xlink:label="DividendsCancelled" xlink:title="DividendsCancelled" xlink:type="locator"/>
    <label id="label_DividendsCancelled_2" xlink:label="label_DividendsCancelled" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendsCancelled" xlink:type="resource" xml:lang="en-US">Dividends cancelled following the of an exchange offer.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsCancelled" xlink:title="label: DividendsCancelled to label_DividendsCancelled" xlink:to="label_DividendsCancelled" xlink:type="arc"/>
    <label id="label_DividendsCancelled" xlink:label="label_DividendsCancelled_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsCancelled" xlink:type="resource" xml:lang="en-US">Dividends cancelled</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsCancelled" xlink:title="label: DividendsCancelled to label_DividendsCancelled" xlink:to="label_DividendsCancelled_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DividendsPolicyTextBlock" xlink:label="DividendsPolicyTextBlock" xlink:title="DividendsPolicyTextBlock" xlink:type="locator"/>
    <label id="label_DividendsPolicyTextBlock" xlink:label="label_DividendsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendsPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Disclosure of accounting policy for  dividends</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPolicyTextBlock" xlink:title="label: DividendsPolicyTextBlock to label_DividendsPolicyTextBlock" xlink:to="label_DividendsPolicyTextBlock" xlink:type="arc"/>
    <label id="label_DividendsPolicyTextBlock_2" xlink:label="label_DividendsPolicyTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Dividends [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPolicyTextBlock" xlink:title="label: DividendsPolicyTextBlock to label_DividendsPolicyTextBlock" xlink:to="label_DividendsPolicyTextBlock_2" xlink:type="arc"/>
    <label id="label_DividendsPolicyTextBlock_3" xlink:label="label_DividendsPolicyTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Dividends</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPolicyTextBlock" xlink:title="label: DividendsPolicyTextBlock to label_DividendsPolicyTextBlock" xlink:to="label_DividendsPolicyTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DividendsRateOnEarnings" xlink:label="DividendsRateOnEarnings" xlink:title="DividendsRateOnEarnings" xlink:type="locator"/>
    <label id="label_DividendsRateOnEarnings" xlink:label="label_DividendsRateOnEarnings" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendsRateOnEarnings" xlink:type="resource" xml:lang="en-US">The percentage of earnings allocable based on earnings for payment of dividends.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsRateOnEarnings" xlink:title="label: DividendsRateOnEarnings to label_DividendsRateOnEarnings" xlink:to="label_DividendsRateOnEarnings" xlink:type="arc"/>
    <label id="label_DividendsRateOnEarnings_2" xlink:label="label_DividendsRateOnEarnings_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsRateOnEarnings" xlink:type="resource" xml:lang="en-US">Dividends Rate On Earnings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsRateOnEarnings" xlink:title="label: DividendsRateOnEarnings to label_DividendsRateOnEarnings" xlink:to="label_DividendsRateOnEarnings_2" xlink:type="arc"/>
    <label id="label_DividendsRateOnEarnings_3" xlink:label="label_DividendsRateOnEarnings_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsRateOnEarnings" xlink:type="resource" xml:lang="en-US">Dividends rate on earnings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsRateOnEarnings" xlink:title="label: DividendsRateOnEarnings to label_DividendsRateOnEarnings" xlink:to="label_DividendsRateOnEarnings_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DnbNorBankFirstLoanMember" xlink:label="DnbNorBankFirstLoanMember" xlink:title="DnbNorBankFirstLoanMember" xlink:type="locator"/>
    <label id="label_DnbNorBankFirstLoanMember" xlink:label="label_DnbNorBankFirstLoanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DnbNorBankFirstLoanMember" xlink:type="resource" xml:lang="en-US">Dnb Nor Bank First Loan [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DnbNorBankFirstLoanMember" xlink:title="label: DnbNorBankFirstLoanMember to label_DnbNorBankFirstLoanMember" xlink:to="label_DnbNorBankFirstLoanMember" xlink:type="arc"/>
    <label id="label_DnbNorBankFirstLoanMember_2" xlink:label="label_DnbNorBankFirstLoanMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DnbNorBankFirstLoanMember" xlink:type="resource" xml:lang="en-US">Loan DNB NOR Bank ($40,000)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DnbNorBankFirstLoanMember" xlink:title="label: DnbNorBankFirstLoanMember to label_DnbNorBankFirstLoanMember" xlink:to="label_DnbNorBankFirstLoanMember_2" xlink:type="arc"/>
    <label id="label_DnbNorBankFirstLoanMember_3" xlink:label="label_DnbNorBankFirstLoanMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DnbNorBankFirstLoanMember" xlink:type="resource" xml:lang="en-US">Loan DNB NOR Bank ($40,000) to finance construction of one Capesize bulk carrier</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DnbNorBankFirstLoanMember" xlink:title="label: DnbNorBankFirstLoanMember to label_DnbNorBankFirstLoanMember" xlink:to="label_DnbNorBankFirstLoanMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DocumentEntityInformation" xlink:label="DocumentEntityInformation" xlink:title="DocumentEntityInformation" xlink:type="locator"/>
    <label id="label_DocumentEntityInformation" xlink:label="label_DocumentEntityInformation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentEntityInformation" xlink:type="resource" xml:lang="en-US">Document Entity Information</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentEntityInformation" xlink:title="label: DocumentEntityInformation to label_DocumentEntityInformation" xlink:to="label_DocumentEntityInformation" xlink:type="arc"/>
    <label id="label_DocumentEntityInformation_2" xlink:label="label_DocumentEntityInformation_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DocumentEntityInformation" xlink:type="resource" xml:lang="en-US">Document and Entity Information</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentEntityInformation" xlink:title="label: DocumentEntityInformation to label_DocumentEntityInformation" xlink:to="label_DocumentEntityInformation_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DryBulkerVesselsMember" xlink:label="DryBulkerVesselsMember" xlink:title="DryBulkerVesselsMember" xlink:type="locator"/>
    <label id="label_DryBulkerVesselsMember" xlink:label="label_DryBulkerVesselsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DryBulkerVesselsMember" xlink:type="resource" xml:lang="en-US">Dry Bulker Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DryBulkerVesselsMember" xlink:title="label: DryBulkerVesselsMember to label_DryBulkerVesselsMember" xlink:to="label_DryBulkerVesselsMember" xlink:type="arc"/>
    <label id="label_DryBulkerVesselsMember_2" xlink:label="label_DryBulkerVesselsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DryBulkerVesselsMember" xlink:type="resource" xml:lang="en-US">Dry bulkers vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DryBulkerVesselsMember" xlink:title="label: DryBulkerVesselsMember to label_DryBulkerVesselsMember" xlink:to="label_DryBulkerVesselsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DrybulkVesselOperationsMember" xlink:label="DrybulkVesselOperationsMember" xlink:title="DrybulkVesselOperationsMember" xlink:type="locator"/>
    <label id="label_DrybulkVesselOperationsMember" xlink:label="label_DrybulkVesselOperationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DrybulkVesselOperationsMember" xlink:type="resource" xml:lang="en-US">Drybulk Vessel Operations [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DrybulkVesselOperationsMember" xlink:title="label: DrybulkVesselOperationsMember to label_DrybulkVesselOperationsMember" xlink:to="label_DrybulkVesselOperationsMember" xlink:type="arc"/>
    <label id="label_DrybulkVesselOperationsMember_2" xlink:label="label_DrybulkVesselOperationsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DrybulkVesselOperationsMember" xlink:type="resource" xml:lang="en-US">Dry Bulk Vessel Operations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DrybulkVesselOperationsMember" xlink:title="label: DrybulkVesselOperationsMember to label_DrybulkVesselOperationsMember" xlink:to="label_DrybulkVesselOperationsMember_2" xlink:type="arc"/>
    <label id="label_DrybulkVesselOperationsMember_3" xlink:label="label_DrybulkVesselOperationsMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DrybulkVesselOperationsMember" xlink:type="resource" xml:lang="en-US">Dry bulk vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DrybulkVesselOperationsMember" xlink:title="label: DrybulkVesselOperationsMember to label_DrybulkVesselOperationsMember" xlink:to="label_DrybulkVesselOperationsMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DrybulkVessels2Member" xlink:label="DrybulkVessels2Member" xlink:title="DrybulkVessels2Member" xlink:type="locator"/>
    <label id="label_DrybulkVessels2Member" xlink:label="label_DrybulkVessels2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DrybulkVessels2Member" xlink:type="resource" xml:lang="en-US">Drybulk Vessels 2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DrybulkVessels2Member" xlink:title="label: DrybulkVessels2Member to label_DrybulkVessels2Member" xlink:to="label_DrybulkVessels2Member" xlink:type="arc"/>
    <label id="label_DrybulkVessels2Member_2" xlink:label="label_DrybulkVessels2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DrybulkVessels2Member" xlink:type="resource" xml:lang="en-US">Dry bulk Vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DrybulkVessels2Member" xlink:title="label: DrybulkVessels2Member to label_DrybulkVessels2Member" xlink:to="label_DrybulkVessels2Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DrybulkVesselsMember" xlink:label="DrybulkVesselsMember" xlink:title="DrybulkVesselsMember" xlink:type="locator"/>
    <label id="label_DrybulkVesselsMember_2" xlink:label="label_DrybulkVesselsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DrybulkVesselsMember" xlink:type="resource" xml:lang="en-US">Drybulk Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DrybulkVesselsMember" xlink:title="label: DrybulkVesselsMember to label_DrybulkVesselsMember" xlink:to="label_DrybulkVesselsMember_2" xlink:type="arc"/>
    <label id="label_DrybulkVesselsMember_3" xlink:label="label_DrybulkVesselsMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DrybulkVesselsMember" xlink:type="resource" xml:lang="en-US">Dry bulk vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DrybulkVesselsMember" xlink:title="label: DrybulkVesselsMember to label_DrybulkVesselsMember" xlink:to="label_DrybulkVesselsMember_3" xlink:type="arc"/>
    <label id="label_DrybulkVesselsMember" xlink:label="label_DrybulkVesselsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DrybulkVesselsMember" xlink:type="resource" xml:lang="en-US">Dry Bulk Vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DrybulkVesselsMember" xlink:title="label: DrybulkVesselsMember to label_DrybulkVesselsMember" xlink:to="label_DrybulkVesselsMember" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DrybulkVesselsMinimumRevenueMember" xlink:label="DrybulkVesselsMinimumRevenueMember" xlink:title="DrybulkVesselsMinimumRevenueMember" xlink:type="locator"/>
    <label id="label_DrybulkVesselsMinimumRevenueMember_2" xlink:label="label_DrybulkVesselsMinimumRevenueMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DrybulkVesselsMinimumRevenueMember" xlink:type="resource" xml:lang="en-US">Drybulk Vessels Minimum Revenue [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DrybulkVesselsMinimumRevenueMember" xlink:title="label: DrybulkVesselsMinimumRevenueMember to label_DrybulkVesselsMinimumRevenueMember" xlink:to="label_DrybulkVesselsMinimumRevenueMember_2" xlink:type="arc"/>
    <label id="label_DrybulkVesselsMinimumRevenueMember_3" xlink:label="label_DrybulkVesselsMinimumRevenueMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DrybulkVesselsMinimumRevenueMember" xlink:type="resource" xml:lang="en-US">Dry bulk vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DrybulkVesselsMinimumRevenueMember" xlink:title="label: DrybulkVesselsMinimumRevenueMember to label_DrybulkVesselsMinimumRevenueMember" xlink:to="label_DrybulkVesselsMinimumRevenueMember_3" xlink:type="arc"/>
    <label id="label_DrybulkVesselsMinimumRevenueMember" xlink:label="label_DrybulkVesselsMinimumRevenueMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DrybulkVesselsMinimumRevenueMember" xlink:type="resource" xml:lang="en-US">Dry Bulk Vessel Operations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DrybulkVesselsMinimumRevenueMember" xlink:title="label: DrybulkVesselsMinimumRevenueMember to label_DrybulkVesselsMinimumRevenueMember" xlink:to="label_DrybulkVesselsMinimumRevenueMember" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DucaleMarineIncMember" xlink:label="DucaleMarineIncMember" xlink:title="DucaleMarineIncMember" xlink:type="locator"/>
    <label id="label_DucaleMarineIncMember" xlink:label="label_DucaleMarineIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DucaleMarineIncMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Ducale Marine Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DucaleMarineIncMember" xlink:title="label: DucaleMarineIncMember to label_DucaleMarineIncMember" xlink:to="label_DucaleMarineIncMember" xlink:type="arc"/>
    <label id="label_DucaleMarineIncMember_2" xlink:label="label_DucaleMarineIncMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DucaleMarineIncMember" xlink:type="resource" xml:lang="en-US">Ducale Marine Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DucaleMarineIncMember" xlink:title="label: DucaleMarineIncMember to label_DucaleMarineIncMember" xlink:to="label_DucaleMarineIncMember_2" xlink:type="arc"/>
    <label id="label_DucaleMarineIncMember_3" xlink:label="label_DucaleMarineIncMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DucaleMarineIncMember" xlink:type="resource" xml:lang="en-US">Ducale Marine Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DucaleMarineIncMember" xlink:title="label: DucaleMarineIncMember to label_DucaleMarineIncMember" xlink:to="label_DucaleMarineIncMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DueFromAffiliateCurrentFairValueDisclosure" xlink:label="DueFromAffiliateCurrentFairValueDisclosure" xlink:title="DueFromAffiliateCurrentFairValueDisclosure" xlink:type="locator"/>
    <label id="label_DueFromAffiliateCurrentFairValueDisclosure" xlink:label="label_DueFromAffiliateCurrentFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DueFromAffiliateCurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">The fair value  disclosure of the amount of receivables due from an entity that is affiliated with the reporting entity by means of direct or indirect ownership, due within 1 year (or 1 business cycle).</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromAffiliateCurrentFairValueDisclosure" xlink:title="label: DueFromAffiliateCurrentFairValueDisclosure to label_DueFromAffiliateCurrentFairValueDisclosure" xlink:to="label_DueFromAffiliateCurrentFairValueDisclosure" xlink:type="arc"/>
    <label id="label_DueFromAffiliateCurrentFairValueDisclosure_2" xlink:label="label_DueFromAffiliateCurrentFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DueFromAffiliateCurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Due From Affiliate Current Fair Value Disclosure</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromAffiliateCurrentFairValueDisclosure" xlink:title="label: DueFromAffiliateCurrentFairValueDisclosure to label_DueFromAffiliateCurrentFairValueDisclosure" xlink:to="label_DueFromAffiliateCurrentFairValueDisclosure_2" xlink:type="arc"/>
    <label id="label_DueFromAffiliateCurrentFairValueDisclosure_3" xlink:label="label_DueFromAffiliateCurrentFairValueDisclosure_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DueFromAffiliateCurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Due from affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromAffiliateCurrentFairValueDisclosure" xlink:title="label: DueFromAffiliateCurrentFairValueDisclosure to label_DueFromAffiliateCurrentFairValueDisclosure" xlink:to="label_DueFromAffiliateCurrentFairValueDisclosure_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DueFromAffiliateNoncurrentFairValueDisclosure" xlink:label="DueFromAffiliateNoncurrentFairValueDisclosure" xlink:title="DueFromAffiliateNoncurrentFairValueDisclosure" xlink:type="locator"/>
    <label id="label_DueFromAffiliateNoncurrentFairValueDisclosure" xlink:label="label_DueFromAffiliateNoncurrentFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DueFromAffiliateNoncurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">The fair value of receivables due from an entity that is affiliated with the reporting entity by means of direct or indirect ownership, due after 1 year (or 1 business cycle).</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromAffiliateNoncurrentFairValueDisclosure" xlink:title="label: DueFromAffiliateNoncurrentFairValueDisclosure to label_DueFromAffiliateNoncurrentFairValueDisclosure" xlink:to="label_DueFromAffiliateNoncurrentFairValueDisclosure" xlink:type="arc"/>
    <label id="label_DueFromAffiliateNoncurrentFairValueDisclosure_2" xlink:label="label_DueFromAffiliateNoncurrentFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DueFromAffiliateNoncurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Due From Affiliate Noncurrent Fair Value Disclosure</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromAffiliateNoncurrentFairValueDisclosure" xlink:title="label: DueFromAffiliateNoncurrentFairValueDisclosure to label_DueFromAffiliateNoncurrentFairValueDisclosure" xlink:to="label_DueFromAffiliateNoncurrentFairValueDisclosure_2" xlink:type="arc"/>
    <label id="label_DueFromAffiliateNoncurrentFairValueDisclosure_3" xlink:label="label_DueFromAffiliateNoncurrentFairValueDisclosure_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DueFromAffiliateNoncurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Long-term receivable from affiliate company</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromAffiliateNoncurrentFairValueDisclosure" xlink:title="label: DueFromAffiliateNoncurrentFairValueDisclosure to label_DueFromAffiliateNoncurrentFairValueDisclosure" xlink:to="label_DueFromAffiliateNoncurrentFairValueDisclosure_3" xlink:type="arc"/>
    <label id="label_DueFromAffiliateNoncurrentFairValueDisclosure_4" xlink:label="label_DueFromAffiliateNoncurrentFairValueDisclosure_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DueFromAffiliateNoncurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Long-term receivable from affiliate company - Fair Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromAffiliateNoncurrentFairValueDisclosure" xlink:title="label: DueFromAffiliateNoncurrentFairValueDisclosure to label_DueFromAffiliateNoncurrentFairValueDisclosure" xlink:to="label_DueFromAffiliateNoncurrentFairValueDisclosure_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DueToAffiliateNoncurrentFairValueDisclosure" xlink:label="DueToAffiliateNoncurrentFairValueDisclosure" xlink:title="DueToAffiliateNoncurrentFairValueDisclosure" xlink:type="locator"/>
    <label id="label_DueToAffiliateNoncurrentFairValueDisclosure_2" xlink:label="label_DueToAffiliateNoncurrentFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DueToAffiliateNoncurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">The fair value of receivables owed to an entity that is affiliated with the reporting entity by means of direct or indirect ownership, which are usually due after one year (or one business cycle, if longer).</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueToAffiliateNoncurrentFairValueDisclosure" xlink:title="label: DueToAffiliateNoncurrentFairValueDisclosure to label_DueToAffiliateNoncurrentFairValueDisclosure" xlink:to="label_DueToAffiliateNoncurrentFairValueDisclosure" xlink:type="arc"/>
    <label id="label_DueToAffiliateNoncurrentFairValueDisclosure" xlink:label="label_DueToAffiliateNoncurrentFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DueToAffiliateNoncurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Long-term payable to affiliate companies - Fair Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueToAffiliateNoncurrentFairValueDisclosure" xlink:title="label: DueToAffiliateNoncurrentFairValueDisclosure to label_DueToAffiliateNoncurrentFairValueDisclosure" xlink:to="label_DueToAffiliateNoncurrentFairValueDisclosure_2" xlink:type="arc"/>
    <label id="label_DueToAffiliateNoncurrentFairValueDisclosure_3" xlink:label="label_DueToAffiliateNoncurrentFairValueDisclosure_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DueToAffiliateNoncurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Long-term payable to affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueToAffiliateNoncurrentFairValueDisclosure" xlink:title="label: DueToAffiliateNoncurrentFairValueDisclosure to label_DueToAffiliateNoncurrentFairValueDisclosure" xlink:to="label_DueToAffiliateNoncurrentFairValueDisclosure_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DurationOfAgreements" xlink:label="DurationOfAgreements" xlink:title="DurationOfAgreements" xlink:type="locator"/>
    <label id="label_DurationOfAgreements" xlink:label="label_DurationOfAgreements" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DurationOfAgreements" xlink:type="resource" xml:lang="en-US">The term of the agreement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DurationOfAgreements" xlink:title="label: DurationOfAgreements to label_DurationOfAgreements" xlink:to="label_DurationOfAgreements" xlink:type="arc"/>
    <label id="label_DurationOfAgreements_2" xlink:label="label_DurationOfAgreements_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DurationOfAgreements" xlink:type="resource" xml:lang="en-US">Duration Of Agreements</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DurationOfAgreements" xlink:title="label: DurationOfAgreements to label_DurationOfAgreements" xlink:to="label_DurationOfAgreements_2" xlink:type="arc"/>
    <label id="label_DurationOfAgreements_3" xlink:label="label_DurationOfAgreements_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DurationOfAgreements" xlink:type="resource" xml:lang="en-US">Duration of agreements</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DurationOfAgreements" xlink:title="label: DurationOfAgreements to label_DurationOfAgreements" xlink:to="label_DurationOfAgreements_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DvbBankFacility1Member" xlink:label="DvbBankFacility1Member" xlink:title="DvbBankFacility1Member" xlink:type="locator"/>
    <label id="label_DvbBankFacility1Member" xlink:label="label_DvbBankFacility1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DvbBankFacility1Member" xlink:type="resource" xml:lang="en-US">Dvb Bank Facility 1 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DvbBankFacility1Member" xlink:title="label: DvbBankFacility1Member to label_DvbBankFacility1Member" xlink:to="label_DvbBankFacility1Member" xlink:type="arc"/>
    <label id="label_DvbBankFacility1Member_2" xlink:label="label_DvbBankFacility1Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DvbBankFacility1Member" xlink:type="resource" xml:lang="en-US">Loan Facility DVB Bank SE ($41,000) to finance the acquisition of one newbuilding Panamax vessel and one newbuilding Capesize vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DvbBankFacility1Member" xlink:title="label: DvbBankFacility1Member to label_DvbBankFacility1Member" xlink:to="label_DvbBankFacility1Member_2" xlink:type="arc"/>
    <label id="label_DvbBankFacility1Member_3" xlink:label="label_DvbBankFacility1Member_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DvbBankFacility1Member" xlink:type="resource" xml:lang="en-US">Loan Facility DVB Bank SE ($41,000)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DvbBankFacility1Member" xlink:title="label: DvbBankFacility1Member to label_DvbBankFacility1Member" xlink:to="label_DvbBankFacility1Member_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DvbBankFacilityMember" xlink:label="DvbBankFacilityMember" xlink:title="DvbBankFacilityMember" xlink:type="locator"/>
    <label id="label_DvbBankFacilityMember" xlink:label="label_DvbBankFacilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DvbBankFacilityMember" xlink:type="resource" xml:lang="en-US">Dvb Bank Facility [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DvbBankFacilityMember" xlink:title="label: DvbBankFacilityMember to label_DvbBankFacilityMember" xlink:to="label_DvbBankFacilityMember" xlink:type="arc"/>
    <label id="label_DvbBankFacilityMember_2" xlink:label="label_DvbBankFacilityMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DvbBankFacilityMember" xlink:type="resource" xml:lang="en-US">Loan Facility DVB Bank SE ($72,000)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DvbBankFacilityMember" xlink:title="label: DvbBankFacilityMember to label_DvbBankFacilityMember" xlink:to="label_DvbBankFacilityMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EffectiveTaxRateOnCorporateAssets" xlink:label="EffectiveTaxRateOnCorporateAssets" xlink:title="EffectiveTaxRateOnCorporateAssets" xlink:type="locator"/>
    <label id="label_EffectiveTaxRateOnCorporateAssets" xlink:label="label_EffectiveTaxRateOnCorporateAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EffectiveTaxRateOnCorporateAssets" xlink:type="resource" xml:lang="en-US">Percentage of effective tax expense (benefit) as a percentage over gross value of corporate assets.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectiveTaxRateOnCorporateAssets" xlink:title="label: EffectiveTaxRateOnCorporateAssets to label_EffectiveTaxRateOnCorporateAssets" xlink:to="label_EffectiveTaxRateOnCorporateAssets" xlink:type="arc"/>
    <label id="label_EffectiveTaxRateOnCorporateAssets_2" xlink:label="label_EffectiveTaxRateOnCorporateAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EffectiveTaxRateOnCorporateAssets" xlink:type="resource" xml:lang="en-US">Effective Tax Rate On Corporate Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectiveTaxRateOnCorporateAssets" xlink:title="label: EffectiveTaxRateOnCorporateAssets to label_EffectiveTaxRateOnCorporateAssets" xlink:to="label_EffectiveTaxRateOnCorporateAssets_2" xlink:type="arc"/>
    <label id="label_EffectiveTaxRateOnCorporateAssets_3" xlink:label="label_EffectiveTaxRateOnCorporateAssets_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EffectiveTaxRateOnCorporateAssets" xlink:type="resource" xml:lang="en-US">Tax on corporate assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectiveTaxRateOnCorporateAssets" xlink:title="label: EffectiveTaxRateOnCorporateAssets to label_EffectiveTaxRateOnCorporateAssets" xlink:to="label_EffectiveTaxRateOnCorporateAssets_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EmeryShippingCorporationMember" xlink:label="EmeryShippingCorporationMember" xlink:title="EmeryShippingCorporationMember" xlink:type="locator"/>
    <label id="label_EmeryShippingCorporationMember" xlink:label="label_EmeryShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EmeryShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Emery Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmeryShippingCorporationMember" xlink:title="label: EmeryShippingCorporationMember to label_EmeryShippingCorporationMember" xlink:to="label_EmeryShippingCorporationMember" xlink:type="arc"/>
    <label id="label_EmeryShippingCorporationMember_2" xlink:label="label_EmeryShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EmeryShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Emery Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmeryShippingCorporationMember" xlink:title="label: EmeryShippingCorporationMember to label_EmeryShippingCorporationMember" xlink:to="label_EmeryShippingCorporationMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EmporikiBank23FirstLoanMember" xlink:label="EmporikiBank23FirstLoanMember" xlink:title="EmporikiBank23FirstLoanMember" xlink:type="locator"/>
    <label id="label_EmporikiBank23FirstLoanMember" xlink:label="label_EmporikiBank23FirstLoanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EmporikiBank23FirstLoanMember" xlink:type="resource" xml:lang="en-US">Emporiki Bank 23 First Loan [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmporikiBank23FirstLoanMember" xlink:title="label: EmporikiBank23FirstLoanMember to label_EmporikiBank23FirstLoanMember" xlink:to="label_EmporikiBank23FirstLoanMember" xlink:type="arc"/>
    <label id="label_EmporikiBank23FirstLoanMember_2" xlink:label="label_EmporikiBank23FirstLoanMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EmporikiBank23FirstLoanMember" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($23,000)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmporikiBank23FirstLoanMember" xlink:title="label: EmporikiBank23FirstLoanMember to label_EmporikiBank23FirstLoanMember" xlink:to="label_EmporikiBank23FirstLoanMember_2" xlink:type="arc"/>
    <label id="label_EmporikiBank23FirstLoanMember_3" xlink:label="label_EmporikiBank23FirstLoanMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_EmporikiBank23FirstLoanMember" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($23,000) to partially finance the construction of one Panamax vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmporikiBank23FirstLoanMember" xlink:title="label: EmporikiBank23FirstLoanMember to label_EmporikiBank23FirstLoanMember" xlink:to="label_EmporikiBank23FirstLoanMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EmporikiBank23SecondLoanMember" xlink:label="EmporikiBank23SecondLoanMember" xlink:title="EmporikiBank23SecondLoanMember" xlink:type="locator"/>
    <label id="label_EmporikiBank23SecondLoanMember" xlink:label="label_EmporikiBank23SecondLoanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EmporikiBank23SecondLoanMember" xlink:type="resource" xml:lang="en-US">Emporiki Bank 23 Second Loan [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmporikiBank23SecondLoanMember" xlink:title="label: EmporikiBank23SecondLoanMember to label_EmporikiBank23SecondLoanMember" xlink:to="label_EmporikiBank23SecondLoanMember" xlink:type="arc"/>
    <label id="label_EmporikiBank23SecondLoanMember_2" xlink:label="label_EmporikiBank23SecondLoanMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EmporikiBank23SecondLoanMember" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($23,000)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmporikiBank23SecondLoanMember" xlink:title="label: EmporikiBank23SecondLoanMember to label_EmporikiBank23SecondLoanMember" xlink:to="label_EmporikiBank23SecondLoanMember_2" xlink:type="arc"/>
    <label id="label_EmporikiBank23SecondLoanMember_3" xlink:label="label_EmporikiBank23SecondLoanMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_EmporikiBank23SecondLoanMember" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($23,000) to partially finance the construction of one newbuilding bulk carrier</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmporikiBank23SecondLoanMember" xlink:title="label: EmporikiBank23SecondLoanMember to label_EmporikiBank23SecondLoanMember" xlink:to="label_EmporikiBank23SecondLoanMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EmporikiBankFirstLoanMember" xlink:label="EmporikiBankFirstLoanMember" xlink:title="EmporikiBankFirstLoanMember" xlink:type="locator"/>
    <label id="label_EmporikiBankFirstLoanMember" xlink:label="label_EmporikiBankFirstLoanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EmporikiBankFirstLoanMember" xlink:type="resource" xml:lang="en-US">Emporiki Bank First Loan [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmporikiBankFirstLoanMember" xlink:title="label: EmporikiBankFirstLoanMember to label_EmporikiBankFirstLoanMember" xlink:to="label_EmporikiBankFirstLoanMember" xlink:type="arc"/>
    <label id="label_EmporikiBankFirstLoanMember_2" xlink:label="label_EmporikiBankFirstLoanMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EmporikiBankFirstLoanMember" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($130,000)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmporikiBankFirstLoanMember" xlink:title="label: EmporikiBankFirstLoanMember to label_EmporikiBankFirstLoanMember" xlink:to="label_EmporikiBankFirstLoanMember_2" xlink:type="arc"/>
    <label id="label_EmporikiBankFirstLoanMember_3" xlink:label="label_EmporikiBankFirstLoanMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_EmporikiBankFirstLoanMember" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole Bank to finance construction of two Capesize bulk carriers</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmporikiBankFirstLoanMember" xlink:title="label: EmporikiBankFirstLoanMember to label_EmporikiBankFirstLoanMember" xlink:to="label_EmporikiBankFirstLoanMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EmporikiBankSecondLoanMember" xlink:label="EmporikiBankSecondLoanMember" xlink:title="EmporikiBankSecondLoanMember" xlink:type="locator"/>
    <label id="label_EmporikiBankSecondLoanMember" xlink:label="label_EmporikiBankSecondLoanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EmporikiBankSecondLoanMember" xlink:type="resource" xml:lang="en-US">Emporiki Bank Second Loan [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmporikiBankSecondLoanMember" xlink:title="label: EmporikiBankSecondLoanMember to label_EmporikiBankSecondLoanMember" xlink:to="label_EmporikiBankSecondLoanMember" xlink:type="arc"/>
    <label id="label_EmporikiBankSecondLoanMember_2" xlink:label="label_EmporikiBankSecondLoanMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EmporikiBankSecondLoanMember" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($75,000)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmporikiBankSecondLoanMember" xlink:title="label: EmporikiBankSecondLoanMember to label_EmporikiBankSecondLoanMember" xlink:to="label_EmporikiBankSecondLoanMember_2" xlink:type="arc"/>
    <label id="label_EmporikiBankSecondLoanMember_3" xlink:label="label_EmporikiBankSecondLoanMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_EmporikiBankSecondLoanMember" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($75,000) to finance construction of two Capesize vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmporikiBankSecondLoanMember" xlink:title="label: EmporikiBankSecondLoanMember to label_EmporikiBankSecondLoanMember" xlink:to="label_EmporikiBankSecondLoanMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EmporikiBankThirdLoanMember" xlink:label="EmporikiBankThirdLoanMember" xlink:title="EmporikiBankThirdLoanMember" xlink:type="locator"/>
    <label id="label_EmporikiBankThirdLoanMember" xlink:label="label_EmporikiBankThirdLoanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EmporikiBankThirdLoanMember" xlink:type="resource" xml:lang="en-US">Emporiki Bank Third Loan [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmporikiBankThirdLoanMember" xlink:title="label: EmporikiBankThirdLoanMember to label_EmporikiBankThirdLoanMember" xlink:to="label_EmporikiBankThirdLoanMember" xlink:type="arc"/>
    <label id="label_EmporikiBankThirdLoanMember_2" xlink:label="label_EmporikiBankThirdLoanMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EmporikiBankThirdLoanMember" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($40,000)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmporikiBankThirdLoanMember" xlink:title="label: EmporikiBankThirdLoanMember to label_EmporikiBankThirdLoanMember" xlink:to="label_EmporikiBankThirdLoanMember_2" xlink:type="arc"/>
    <label id="label_EmporikiBankThirdLoanMember_3" xlink:label="label_EmporikiBankThirdLoanMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_EmporikiBankThirdLoanMember" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($40,000) to partially finance the construction of one newbuilding Capesize vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmporikiBankThirdLoanMember" xlink:title="label: EmporikiBankThirdLoanMember to label_EmporikiBankThirdLoanMember" xlink:to="label_EmporikiBankThirdLoanMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EnresurMember" xlink:label="EnresurMember" xlink:title="EnresurMember" xlink:type="locator"/>
    <label id="label_EnresurMember" xlink:label="label_EnresurMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EnresurMember" xlink:type="resource" xml:lang="en-US">Enresur [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EnresurMember" xlink:title="label: EnresurMember to label_EnresurMember" xlink:to="label_EnresurMember" xlink:type="arc"/>
    <label id="label_EnresurMember_2" xlink:label="label_EnresurMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EnresurMember" xlink:type="resource" xml:lang="en-US">Enresur</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EnresurMember" xlink:title="label: EnresurMember to label_EnresurMember" xlink:to="label_EnresurMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EntitiesIncludedInConsolidationTextBlock" xlink:label="EntitiesIncludedInConsolidationTextBlock" xlink:title="EntitiesIncludedInConsolidationTextBlock" xlink:type="locator"/>
    <label id="label_EntitiesIncludedInConsolidationTextBlock" xlink:label="label_EntitiesIncludedInConsolidationTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EntitiesIncludedInConsolidationTextBlock" xlink:type="resource" xml:lang="en-US">Tabular disclosure of the entity's vessel owning subsidiaries.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntitiesIncludedInConsolidationTextBlock" xlink:title="label: EntitiesIncludedInConsolidationTextBlock to label_EntitiesIncludedInConsolidationTextBlock" xlink:to="label_EntitiesIncludedInConsolidationTextBlock" xlink:type="arc"/>
    <label id="label_EntitiesIncludedInConsolidationTextBlock_2" xlink:label="label_EntitiesIncludedInConsolidationTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntitiesIncludedInConsolidationTextBlock" xlink:type="resource" xml:lang="en-US">Entities included in consolidation [text block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntitiesIncludedInConsolidationTextBlock" xlink:title="label: EntitiesIncludedInConsolidationTextBlock to label_EntitiesIncludedInConsolidationTextBlock" xlink:to="label_EntitiesIncludedInConsolidationTextBlock_2" xlink:type="arc"/>
    <label id="label_EntitiesIncludedInConsolidationTextBlock_3" xlink:label="label_EntitiesIncludedInConsolidationTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EntitiesIncludedInConsolidationTextBlock" xlink:type="resource" xml:lang="en-US">Entities included in the consolidation</label>
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    <loc xlink:href="nm-20201231.xsd#nm_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash" xlink:label="EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash" xlink:title="EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash" xlink:type="locator"/>
    <label id="label_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash" xlink:label="label_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash" xlink:type="resource" xml:lang="en-US">The amount of cash and cash equivalents, including restricted cash, reported by an equity method investment of the entity.</label>
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    <label id="label_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash_2" xlink:label="label_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash" xlink:type="resource" xml:lang="en-US">Equity Method Investment Summarized Financial Information Cash And Cash Equivalents Including Restricted Cash</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash" xlink:title="label: EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash to label_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash" xlink:to="label_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash_2" xlink:type="arc"/>
    <label id="label_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash_3" xlink:label="label_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents, including restricted cash</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash" xlink:title="label: EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash to label_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash" xlink:to="label_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities" xlink:label="EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities" xlink:title="EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities" xlink:type="locator"/>
    <label id="label_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities" xlink:label="label_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities" xlink:type="resource" xml:lang="en-US">The amount of financial liabilities, reported by an equity method investment of the entity.</label>
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    <label id="label_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities_2" xlink:label="label_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities" xlink:type="resource" xml:lang="en-US">Equity Method Investment Summarized Financial Information Financial Liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities" xlink:title="label: EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities to label_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities" xlink:to="label_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities_2" xlink:type="arc"/>
    <label id="label_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities_3" xlink:label="label_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities" xlink:type="resource" xml:lang="en-US">Financial liabilities at fair value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities" xlink:title="label: EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities to label_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities" xlink:to="label_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities" xlink:label="EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities" xlink:title="EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities" xlink:type="locator"/>
    <label id="label_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities" xlink:label="label_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities" xlink:type="resource" xml:lang="en-US">The amount of long- term debt, net of deferred finance costs and discount, reported by an equity method investment of the entity.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities" xlink:title="label: EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities to label_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities" xlink:to="label_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities" xlink:type="arc"/>
    <label id="label_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities_2" xlink:label="label_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities" xlink:type="resource" xml:lang="en-US">Equity Method Investment Summarized Financial Information Long Term Debt Liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities" xlink:title="label: EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities to label_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities" xlink:to="label_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities_2" xlink:type="arc"/>
    <label id="label_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities_3" xlink:label="label_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities" xlink:type="resource" xml:lang="en-US">Long- term debt including current portion, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities" xlink:title="label: EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities to label_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities" xlink:to="label_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange" xlink:label="EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange" xlink:title="EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange" xlink:type="locator"/>
    <label id="label_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange" xlink:label="label_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange" xlink:type="resource" xml:lang="en-US">The amount of net income (loss), before non-cash change in fair value of loan, reported by an equity method investment of the entity.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange" xlink:title="label: EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange to label_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange" xlink:to="label_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange" xlink:type="arc"/>
    <label id="label_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange_2" xlink:label="label_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange" xlink:type="resource" xml:lang="en-US">Equity Method Investment Summarized Financial Information Net Income Loss Before Non Cash Change</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange" xlink:title="label: EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange to label_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange" xlink:to="label_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange_2" xlink:type="arc"/>
    <label id="label_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange_3" xlink:label="label_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange" xlink:type="resource" xml:lang="en-US">Net (loss)/ income before non-cash change in fair value of Junior Loan I and Junior Loan II</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange" xlink:title="label: EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange to label_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange" xlink:to="label_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:label="EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:title="EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:type="locator"/>
    <label id="label_EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity_2" xlink:label="label_EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:type="resource" xml:lang="en-US">Unamortized difference between amount at which an investment accounted for under the equity method of accounting is carried (reported) on the balance sheet and amount of underlying equity in net assets the reporting Entity has in the investee.</label>
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    <label id="label_EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity_3" xlink:label="label_EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:type="resource" xml:lang="en-US">Equity Method Investment Unamortized Difference Between Carrying Amount And Underlying Equity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:title="label: EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity to label_EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:to="label_EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity_2" xlink:type="arc"/>
    <label id="label_EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:label="label_EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:type="resource" xml:lang="en-US">Unamortized basis difference</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:title="label: EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity to label_EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:to="label_EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EsmeraldaShippingCorporationMember" xlink:label="EsmeraldaShippingCorporationMember" xlink:title="EsmeraldaShippingCorporationMember" xlink:type="locator"/>
    <label id="label_EsmeraldaShippingCorporationMember" xlink:label="label_EsmeraldaShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EsmeraldaShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Esmeralda Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EsmeraldaShippingCorporationMember" xlink:title="label: EsmeraldaShippingCorporationMember to label_EsmeraldaShippingCorporationMember" xlink:to="label_EsmeraldaShippingCorporationMember" xlink:type="arc"/>
    <label id="label_EsmeraldaShippingCorporationMember_2" xlink:label="label_EsmeraldaShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EsmeraldaShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Esmeralda Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EsmeraldaShippingCorporationMember" xlink:title="label: EsmeraldaShippingCorporationMember to label_EsmeraldaShippingCorporationMember" xlink:to="label_EsmeraldaShippingCorporationMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EstimatedMaximumPotentialLoss" xlink:label="EstimatedMaximumPotentialLoss" xlink:title="EstimatedMaximumPotentialLoss" xlink:type="locator"/>
    <label id="label_EstimatedMaximumPotentialLoss" xlink:label="label_EstimatedMaximumPotentialLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EstimatedMaximumPotentialLoss" xlink:type="resource" xml:lang="en-US">Refers to the estimated maximum potential loss.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedMaximumPotentialLoss" xlink:title="label: EstimatedMaximumPotentialLoss to label_EstimatedMaximumPotentialLoss" xlink:to="label_EstimatedMaximumPotentialLoss" xlink:type="arc"/>
    <label id="label_EstimatedMaximumPotentialLoss_2" xlink:label="label_EstimatedMaximumPotentialLoss_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EstimatedMaximumPotentialLoss" xlink:type="resource" xml:lang="en-US">Estimated Maximum Potential Loss</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedMaximumPotentialLoss" xlink:title="label: EstimatedMaximumPotentialLoss to label_EstimatedMaximumPotentialLoss" xlink:to="label_EstimatedMaximumPotentialLoss_2" xlink:type="arc"/>
    <label id="label_EstimatedMaximumPotentialLoss_3" xlink:label="label_EstimatedMaximumPotentialLoss_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EstimatedMaximumPotentialLoss" xlink:type="resource" xml:lang="en-US">Estimated maximum potential loss</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedMaximumPotentialLoss" xlink:title="label: EstimatedMaximumPotentialLoss to label_EstimatedMaximumPotentialLoss" xlink:to="label_EstimatedMaximumPotentialLoss_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ExpansionDryPortFacilityMember" xlink:label="ExpansionDryPortFacilityMember" xlink:title="ExpansionDryPortFacilityMember" xlink:type="locator"/>
    <label id="label_ExpansionDryPortFacilityMember" xlink:label="label_ExpansionDryPortFacilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExpansionDryPortFacilityMember" xlink:type="resource" xml:lang="en-US">Expansion Dry Port Facility [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpansionDryPortFacilityMember" xlink:title="label: ExpansionDryPortFacilityMember to label_ExpansionDryPortFacilityMember" xlink:to="label_ExpansionDryPortFacilityMember" xlink:type="arc"/>
    <label id="label_ExpansionDryPortFacilityMember_2" xlink:label="label_ExpansionDryPortFacilityMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExpansionDryPortFacilityMember" xlink:type="resource" xml:lang="en-US">Expansion of dry port facility</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpansionDryPortFacilityMember" xlink:title="label: ExpansionDryPortFacilityMember to label_ExpansionDryPortFacilityMember" xlink:to="label_ExpansionDryPortFacilityMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ExpansionDryPortMember" xlink:label="ExpansionDryPortMember" xlink:title="ExpansionDryPortMember" xlink:type="locator"/>
    <label id="label_ExpansionDryPortMember" xlink:label="label_ExpansionDryPortMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExpansionDryPortMember" xlink:type="resource" xml:lang="en-US">Expansion Dry Port [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpansionDryPortMember" xlink:title="label: ExpansionDryPortMember to label_ExpansionDryPortMember" xlink:to="label_ExpansionDryPortMember" xlink:type="arc"/>
    <label id="label_ExpansionDryPortMember_2" xlink:label="label_ExpansionDryPortMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExpansionDryPortMember" xlink:type="resource" xml:lang="en-US">Expansion of its dry port</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpansionDryPortMember" xlink:title="label: ExpansionDryPortMember to label_ExpansionDryPortMember" xlink:to="label_ExpansionDryPortMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ExpectedImpairmentLossMember" xlink:label="ExpectedImpairmentLossMember" xlink:title="ExpectedImpairmentLossMember" xlink:type="locator"/>
    <label id="label_ExpectedImpairmentLossMember" xlink:label="label_ExpectedImpairmentLossMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExpectedImpairmentLossMember" xlink:type="resource" xml:lang="en-US">Expected Impairment Loss [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpectedImpairmentLossMember" xlink:title="label: ExpectedImpairmentLossMember to label_ExpectedImpairmentLossMember" xlink:to="label_ExpectedImpairmentLossMember" xlink:type="arc"/>
    <label id="label_ExpectedImpairmentLossMember_2" xlink:label="label_ExpectedImpairmentLossMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExpectedImpairmentLossMember" xlink:type="resource" xml:lang="en-US">Expected impairment loss</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpectedImpairmentLossMember" xlink:title="label: ExpectedImpairmentLossMember to label_ExpectedImpairmentLossMember" xlink:to="label_ExpectedImpairmentLossMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ExtendedCharterHireAgreement2Member" xlink:label="ExtendedCharterHireAgreement2Member" xlink:title="ExtendedCharterHireAgreement2Member" xlink:type="locator"/>
    <label id="label_ExtendedCharterHireAgreement2Member" xlink:label="label_ExtendedCharterHireAgreement2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExtendedCharterHireAgreement2Member" xlink:type="resource" xml:lang="en-US">Extended Charter Hire Agreement 2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtendedCharterHireAgreement2Member" xlink:title="label: ExtendedCharterHireAgreement2Member to label_ExtendedCharterHireAgreement2Member" xlink:to="label_ExtendedCharterHireAgreement2Member" xlink:type="arc"/>
    <label id="label_ExtendedCharterHireAgreement2Member_2" xlink:label="label_ExtendedCharterHireAgreement2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExtendedCharterHireAgreement2Member" xlink:type="resource" xml:lang="en-US">Extended charter hire agreement 2</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtendedCharterHireAgreement2Member" xlink:title="label: ExtendedCharterHireAgreement2Member to label_ExtendedCharterHireAgreement2Member" xlink:to="label_ExtendedCharterHireAgreement2Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ExtendedCharterHireAgreementMember" xlink:label="ExtendedCharterHireAgreementMember" xlink:title="ExtendedCharterHireAgreementMember" xlink:type="locator"/>
    <label id="label_ExtendedCharterHireAgreementMember" xlink:label="label_ExtendedCharterHireAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExtendedCharterHireAgreementMember" xlink:type="resource" xml:lang="en-US">Extended Charter Hire Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtendedCharterHireAgreementMember" xlink:title="label: ExtendedCharterHireAgreementMember to label_ExtendedCharterHireAgreementMember" xlink:to="label_ExtendedCharterHireAgreementMember" xlink:type="arc"/>
    <label id="label_ExtendedCharterHireAgreementMember_2" xlink:label="label_ExtendedCharterHireAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExtendedCharterHireAgreementMember" xlink:type="resource" xml:lang="en-US">Extended charter hire agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtendedCharterHireAgreementMember" xlink:title="label: ExtendedCharterHireAgreementMember to label_ExtendedCharterHireAgreementMember" xlink:to="label_ExtendedCharterHireAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ExtendedManagementAgreementMember" xlink:label="ExtendedManagementAgreementMember" xlink:title="ExtendedManagementAgreementMember" xlink:type="locator"/>
    <label id="label_ExtendedManagementAgreementMember" xlink:label="label_ExtendedManagementAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExtendedManagementAgreementMember" xlink:type="resource" xml:lang="en-US">Extended Management Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtendedManagementAgreementMember" xlink:title="label: ExtendedManagementAgreementMember to label_ExtendedManagementAgreementMember" xlink:to="label_ExtendedManagementAgreementMember" xlink:type="arc"/>
    <label id="label_ExtendedManagementAgreementMember_2" xlink:label="label_ExtendedManagementAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExtendedManagementAgreementMember" xlink:type="resource" xml:lang="en-US">Extended management agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtendedManagementAgreementMember" xlink:title="label: ExtendedManagementAgreementMember to label_ExtendedManagementAgreementMember" xlink:to="label_ExtendedManagementAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis" xlink:label="FairValueAssetsLiabilitiesMeasuredOnRecurringBasis" xlink:title="FairValueAssetsLiabilitiesMeasuredOnRecurringBasis" xlink:type="locator"/>
    <label id="label_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis" xlink:label="label_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis" xlink:type="resource" xml:lang="en-US">Fair value of assets and liabilities measured on recurring basis.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueAssetsLiabilitiesMeasuredOnRecurringBasis" xlink:title="label: FairValueAssetsLiabilitiesMeasuredOnRecurringBasis to label_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis" xlink:to="label_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis" xlink:type="arc"/>
    <label id="label_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis_2" xlink:label="label_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis" xlink:type="resource" xml:lang="en-US">Fair Value Assets And Liabilities Measured On Recurring Basis</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueAssetsLiabilitiesMeasuredOnRecurringBasis" xlink:title="label: FairValueAssetsLiabilitiesMeasuredOnRecurringBasis to label_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis" xlink:to="label_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis_2" xlink:type="arc"/>
    <label id="label_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis_3" xlink:label="label_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis" xlink:type="resource" xml:lang="en-US">Total</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueAssetsLiabilitiesMeasuredOnRecurringBasis" xlink:title="label: FairValueAssetsLiabilitiesMeasuredOnRecurringBasis to label_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis" xlink:to="label_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FaithMarineLtdMember" xlink:label="FaithMarineLtdMember" xlink:title="FaithMarineLtdMember" xlink:type="locator"/>
    <label id="label_FaithMarineLtdMember" xlink:label="label_FaithMarineLtdMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FaithMarineLtdMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Faith Marine Ltd.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FaithMarineLtdMember" xlink:title="label: FaithMarineLtdMember to label_FaithMarineLtdMember" xlink:to="label_FaithMarineLtdMember" xlink:type="arc"/>
    <label id="label_FaithMarineLtdMember_2" xlink:label="label_FaithMarineLtdMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FaithMarineLtdMember" xlink:type="resource" xml:lang="en-US">Faith Marine Ltd [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FaithMarineLtdMember" xlink:title="label: FaithMarineLtdMember to label_FaithMarineLtdMember" xlink:to="label_FaithMarineLtdMember_2" xlink:type="arc"/>
    <label id="label_FaithMarineLtdMember_3" xlink:label="label_FaithMarineLtdMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FaithMarineLtdMember" xlink:type="resource" xml:lang="en-US">Faith Marine Ltd.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FaithMarineLtdMember" xlink:title="label: FaithMarineLtdMember to label_FaithMarineLtdMember" xlink:to="label_FaithMarineLtdMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FavorableLeaseTermsPurchaseOptionsForVesselsMember" xlink:label="FavorableLeaseTermsPurchaseOptionsForVesselsMember" xlink:title="FavorableLeaseTermsPurchaseOptionsForVesselsMember" xlink:type="locator"/>
    <label id="label_FavorableLeaseTermsPurchaseOptionsForVesselsMember" xlink:label="label_FavorableLeaseTermsPurchaseOptionsForVesselsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FavorableLeaseTermsPurchaseOptionsForVesselsMember" xlink:type="resource" xml:lang="en-US">Favorable lease terms purchase options for vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FavorableLeaseTermsPurchaseOptionsForVesselsMember" xlink:title="label: FavorableLeaseTermsPurchaseOptionsForVesselsMember to label_FavorableLeaseTermsPurchaseOptionsForVesselsMember" xlink:to="label_FavorableLeaseTermsPurchaseOptionsForVesselsMember" xlink:type="arc"/>
    <label id="label_FavorableLeaseTermsPurchaseOptionsForVesselsMember_2" xlink:label="label_FavorableLeaseTermsPurchaseOptionsForVesselsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FavorableLeaseTermsPurchaseOptionsForVesselsMember" xlink:type="resource" xml:lang="en-US">Favorable lease terms purchase options for vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FavorableLeaseTermsPurchaseOptionsForVesselsMember" xlink:title="label: FavorableLeaseTermsPurchaseOptionsForVesselsMember to label_FavorableLeaseTermsPurchaseOptionsForVesselsMember" xlink:to="label_FavorableLeaseTermsPurchaseOptionsForVesselsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FerniHMember" xlink:label="FerniHMember" xlink:title="FerniHMember" xlink:type="locator"/>
    <label id="label_FerniHMember" xlink:label="label_FerniHMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FerniHMember" xlink:type="resource" xml:lang="en-US">Ferni H [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FerniHMember" xlink:title="label: FerniHMember to label_FerniHMember" xlink:to="label_FerniHMember" xlink:type="arc"/>
    <label id="label_FerniHMember_2" xlink:label="label_FerniHMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FerniHMember" xlink:type="resource" xml:lang="en-US">Ferni H</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FerniHMember" xlink:title="label: FerniHMember to label_FerniHMember" xlink:to="label_FerniHMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FerniHSanSanHMember" xlink:label="FerniHSanSanHMember" xlink:title="FerniHSanSanHMember" xlink:type="locator"/>
    <label id="label_FerniHSanSanHMember" xlink:label="label_FerniHSanSanHMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FerniHSanSanHMember" xlink:type="resource" xml:lang="en-US">Ferni H San San H [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FerniHSanSanHMember" xlink:title="label: FerniHSanSanHMember to label_FerniHSanSanHMember" xlink:to="label_FerniHSanSanHMember" xlink:type="arc"/>
    <label id="label_FerniHSanSanHMember_2" xlink:label="label_FerniHSanSanHMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FerniHSanSanHMember" xlink:type="resource" xml:lang="en-US">Ferni H and San San H</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FerniHSanSanHMember" xlink:title="label: FerniHSanSanHMember to label_FerniHSanSanHMember" xlink:to="label_FerniHSanSanHMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FifthStockIssuanceMember" xlink:label="FifthStockIssuanceMember" xlink:title="FifthStockIssuanceMember" xlink:type="locator"/>
    <label id="label_FifthStockIssuanceMember" xlink:label="label_FifthStockIssuanceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FifthStockIssuanceMember" xlink:type="resource" xml:lang="en-US">Fifth Stock Issuance [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FifthStockIssuanceMember" xlink:title="label: FifthStockIssuanceMember to label_FifthStockIssuanceMember" xlink:to="label_FifthStockIssuanceMember" xlink:type="arc"/>
    <label id="label_FifthStockIssuanceMember_2" xlink:label="label_FifthStockIssuanceMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FifthStockIssuanceMember" xlink:type="resource" xml:lang="en-US">Fifth Stock Issuance</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FifthStockIssuanceMember" xlink:title="label: FifthStockIssuanceMember to label_FifthStockIssuanceMember" xlink:to="label_FifthStockIssuanceMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:label="FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:title="FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:type="locator"/>
    <label id="label_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:label="label_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:type="resource" xml:lang="en-US">Amount of costs that was written off or transferred to cost of vessel.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:title="label: FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet to label_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:to="label_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:type="arc"/>
    <label id="label_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet_2" xlink:label="label_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:type="resource" xml:lang="en-US">Finite Lived Intangible Assets Disposal Transfer To Vessel Cost Net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:title="label: FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet to label_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:to="label_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet_2" xlink:type="arc"/>
    <label id="label_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet_3" xlink:label="label_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:type="resource" xml:lang="en-US">Transfer/ Write off</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:title="label: FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet to label_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:to="label_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet_3" xlink:type="arc"/>
    <label id="label_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet_4" xlink:label="label_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:type="resource" xml:lang="en-US">Write off</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:title="label: FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet to label_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:to="label_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FinitelivedIntangibleAssetsIncludingGoodwill" xlink:label="FinitelivedIntangibleAssetsIncludingGoodwill" xlink:title="FinitelivedIntangibleAssetsIncludingGoodwill" xlink:type="locator"/>
    <label id="label_FinitelivedIntangibleAssetsIncludingGoodwill" xlink:label="label_FinitelivedIntangibleAssetsIncludingGoodwill" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinitelivedIntangibleAssetsIncludingGoodwill" xlink:type="resource" xml:lang="en-US">Amount after amortization of assets, including financial assets and goodwill, lacking physical substance with a finite life.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinitelivedIntangibleAssetsIncludingGoodwill" xlink:title="label: FinitelivedIntangibleAssetsIncludingGoodwill to label_FinitelivedIntangibleAssetsIncludingGoodwill" xlink:to="label_FinitelivedIntangibleAssetsIncludingGoodwill" xlink:type="arc"/>
    <label id="label_FinitelivedIntangibleAssetsIncludingGoodwill_2" xlink:label="label_FinitelivedIntangibleAssetsIncludingGoodwill_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinitelivedIntangibleAssetsIncludingGoodwill" xlink:type="resource" xml:lang="en-US">Finitelived Intangible Assets Including Goodwill</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinitelivedIntangibleAssetsIncludingGoodwill" xlink:title="label: FinitelivedIntangibleAssetsIncludingGoodwill to label_FinitelivedIntangibleAssetsIncludingGoodwill" xlink:to="label_FinitelivedIntangibleAssetsIncludingGoodwill_2" xlink:type="arc"/>
    <label id="label_FinitelivedIntangibleAssetsIncludingGoodwill_3" xlink:label="label_FinitelivedIntangibleAssetsIncludingGoodwill_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinitelivedIntangibleAssetsIncludingGoodwill" xlink:type="resource" xml:lang="en-US">Goodwill and other intangibles</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinitelivedIntangibleAssetsIncludingGoodwill" xlink:title="label: FinitelivedIntangibleAssetsIncludingGoodwill to label_FinitelivedIntangibleAssetsIncludingGoodwill" xlink:to="label_FinitelivedIntangibleAssetsIncludingGoodwill_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FirstOnePointFiveMillionProfitsAboveBaseRateMember" xlink:label="FirstOnePointFiveMillionProfitsAboveBaseRateMember" xlink:title="FirstOnePointFiveMillionProfitsAboveBaseRateMember" xlink:type="locator"/>
    <label id="label_FirstOnePointFiveMillionProfitsAboveBaseRateMember" xlink:label="label_FirstOnePointFiveMillionProfitsAboveBaseRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FirstOnePointFiveMillionProfitsAboveBaseRateMember" xlink:type="resource" xml:lang="en-US">First One Point Five Million Profits Above Base Rate [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstOnePointFiveMillionProfitsAboveBaseRateMember" xlink:title="label: FirstOnePointFiveMillionProfitsAboveBaseRateMember to label_FirstOnePointFiveMillionProfitsAboveBaseRateMember" xlink:to="label_FirstOnePointFiveMillionProfitsAboveBaseRateMember" xlink:type="arc"/>
    <label id="label_FirstOnePointFiveMillionProfitsAboveBaseRateMember_2" xlink:label="label_FirstOnePointFiveMillionProfitsAboveBaseRateMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FirstOnePointFiveMillionProfitsAboveBaseRateMember" xlink:type="resource" xml:lang="en-US">First $1.5 milion in profits above the base rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstOnePointFiveMillionProfitsAboveBaseRateMember" xlink:title="label: FirstOnePointFiveMillionProfitsAboveBaseRateMember to label_FirstOnePointFiveMillionProfitsAboveBaseRateMember" xlink:to="label_FirstOnePointFiveMillionProfitsAboveBaseRateMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FirstTwoPointFiveMillionProfitsAboveMarketRateMember" xlink:label="FirstTwoPointFiveMillionProfitsAboveMarketRateMember" xlink:title="FirstTwoPointFiveMillionProfitsAboveMarketRateMember" xlink:type="locator"/>
    <label id="label_FirstTwoPointFiveMillionProfitsAboveMarketRateMember" xlink:label="label_FirstTwoPointFiveMillionProfitsAboveMarketRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FirstTwoPointFiveMillionProfitsAboveMarketRateMember" xlink:type="resource" xml:lang="en-US">First Two Point Five Million Profits Above Market Rate [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstTwoPointFiveMillionProfitsAboveMarketRateMember" xlink:title="label: FirstTwoPointFiveMillionProfitsAboveMarketRateMember to label_FirstTwoPointFiveMillionProfitsAboveMarketRateMember" xlink:to="label_FirstTwoPointFiveMillionProfitsAboveMarketRateMember" xlink:type="arc"/>
    <label id="label_FirstTwoPointFiveMillionProfitsAboveMarketRateMember_2" xlink:label="label_FirstTwoPointFiveMillionProfitsAboveMarketRateMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FirstTwoPointFiveMillionProfitsAboveMarketRateMember" xlink:type="resource" xml:lang="en-US">First $2.5 millions in profits above the base rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstTwoPointFiveMillionProfitsAboveMarketRateMember" xlink:title="label: FirstTwoPointFiveMillionProfitsAboveMarketRateMember to label_FirstTwoPointFiveMillionProfitsAboveMarketRateMember" xlink:to="label_FirstTwoPointFiveMillionProfitsAboveMarketRateMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FirstYearCharterHireAgreementMember" xlink:label="FirstYearCharterHireAgreementMember" xlink:title="FirstYearCharterHireAgreementMember" xlink:type="locator"/>
    <label id="label_FirstYearCharterHireAgreementMember" xlink:label="label_FirstYearCharterHireAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FirstYearCharterHireAgreementMember" xlink:type="resource" xml:lang="en-US">First Year Charter Hire Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstYearCharterHireAgreementMember" xlink:title="label: FirstYearCharterHireAgreementMember to label_FirstYearCharterHireAgreementMember" xlink:to="label_FirstYearCharterHireAgreementMember" xlink:type="arc"/>
    <label id="label_FirstYearCharterHireAgreementMember_2" xlink:label="label_FirstYearCharterHireAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FirstYearCharterHireAgreementMember" xlink:type="resource" xml:lang="en-US">First year charter hire agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstYearCharterHireAgreementMember" xlink:title="label: FirstYearCharterHireAgreementMember to label_FirstYearCharterHireAgreementMember" xlink:to="label_FirstYearCharterHireAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FiveYearsAfterIssuanceDateScenarioMember" xlink:label="FiveYearsAfterIssuanceDateScenarioMember" xlink:title="FiveYearsAfterIssuanceDateScenarioMember" xlink:type="locator"/>
    <label id="label_FiveYearsAfterIssuanceDateScenarioMember" xlink:label="label_FiveYearsAfterIssuanceDateScenarioMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FiveYearsAfterIssuanceDateScenarioMember" xlink:type="resource" xml:lang="en-US">Five Years After Issuance Date Scenario [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FiveYearsAfterIssuanceDateScenarioMember" xlink:title="label: FiveYearsAfterIssuanceDateScenarioMember to label_FiveYearsAfterIssuanceDateScenarioMember" xlink:to="label_FiveYearsAfterIssuanceDateScenarioMember" xlink:type="arc"/>
    <label id="label_FiveYearsAfterIssuanceDateScenarioMember_2" xlink:label="label_FiveYearsAfterIssuanceDateScenarioMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FiveYearsAfterIssuanceDateScenarioMember" xlink:type="resource" xml:lang="en-US">Five years after the issuance date of Convertible Preferred Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FiveYearsAfterIssuanceDateScenarioMember" xlink:title="label: FiveYearsAfterIssuanceDateScenarioMember to label_FiveYearsAfterIssuanceDateScenarioMember" xlink:to="label_FiveYearsAfterIssuanceDateScenarioMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FixedDrydockingExpenses" xlink:label="FixedDrydockingExpenses" xlink:title="FixedDrydockingExpenses" xlink:type="locator"/>
    <label id="label_FixedDrydockingExpenses" xlink:label="label_FixedDrydockingExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FixedDrydockingExpenses" xlink:type="resource" xml:lang="en-US">Fixed dry docking expenses.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedDrydockingExpenses" xlink:title="label: FixedDrydockingExpenses to label_FixedDrydockingExpenses" xlink:to="label_FixedDrydockingExpenses" xlink:type="arc"/>
    <label id="label_FixedDrydockingExpenses_2" xlink:label="label_FixedDrydockingExpenses_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FixedDrydockingExpenses" xlink:type="resource" xml:lang="en-US">Fixed Drydocking Expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedDrydockingExpenses" xlink:title="label: FixedDrydockingExpenses to label_FixedDrydockingExpenses" xlink:to="label_FixedDrydockingExpenses_2" xlink:type="arc"/>
    <label id="label_FixedDrydockingExpenses_3" xlink:label="label_FixedDrydockingExpenses_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FixedDrydockingExpenses" xlink:type="resource" xml:lang="en-US">Fixed drydocking expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedDrydockingExpenses" xlink:title="label: FixedDrydockingExpenses to label_FixedDrydockingExpenses" xlink:to="label_FixedDrydockingExpenses_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FloralMarineLtdMember" xlink:label="FloralMarineLtdMember" xlink:title="FloralMarineLtdMember" xlink:type="locator"/>
    <label id="label_FloralMarineLtdMember" xlink:label="label_FloralMarineLtdMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FloralMarineLtdMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Floral Marine Ltd.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FloralMarineLtdMember" xlink:title="label: FloralMarineLtdMember to label_FloralMarineLtdMember" xlink:to="label_FloralMarineLtdMember" xlink:type="arc"/>
    <label id="label_FloralMarineLtdMember_2" xlink:label="label_FloralMarineLtdMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FloralMarineLtdMember" xlink:type="resource" xml:lang="en-US">Floral Marine Ltd [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FloralMarineLtdMember" xlink:title="label: FloralMarineLtdMember to label_FloralMarineLtdMember" xlink:to="label_FloralMarineLtdMember_2" xlink:type="arc"/>
    <label id="label_FloralMarineLtdMember_3" xlink:label="label_FloralMarineLtdMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FloralMarineLtdMember" xlink:type="resource" xml:lang="en-US">Floral Marine Ltd.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FloralMarineLtdMember" xlink:title="label: FloralMarineLtdMember to label_FloralMarineLtdMember" xlink:to="label_FloralMarineLtdMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ForeignCurrencyExchangeGainsLosses" xlink:label="ForeignCurrencyExchangeGainsLosses" xlink:title="ForeignCurrencyExchangeGainsLosses" xlink:type="locator"/>
    <label id="label_ForeignCurrencyExchangeGainsLosses" xlink:label="label_ForeignCurrencyExchangeGainsLosses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignCurrencyExchangeGainsLosses" xlink:type="resource" xml:lang="en-US">Gains or losses due to the exchange of foreign currency.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignCurrencyExchangeGainsLosses" xlink:title="label: ForeignCurrencyExchangeGainsLosses to label_ForeignCurrencyExchangeGainsLosses" xlink:to="label_ForeignCurrencyExchangeGainsLosses" xlink:type="arc"/>
    <label id="label_ForeignCurrencyExchangeGainsLosses_2" xlink:label="label_ForeignCurrencyExchangeGainsLosses_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignCurrencyExchangeGainsLosses" xlink:type="resource" xml:lang="en-US">Foreign Currency Exchange Gains Losses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignCurrencyExchangeGainsLosses" xlink:title="label: ForeignCurrencyExchangeGainsLosses to label_ForeignCurrencyExchangeGainsLosses" xlink:to="label_ForeignCurrencyExchangeGainsLosses_2" xlink:type="arc"/>
    <label id="label_ForeignCurrencyExchangeGainsLosses_3" xlink:label="label_ForeignCurrencyExchangeGainsLosses_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignCurrencyExchangeGainsLosses" xlink:type="resource" xml:lang="en-US">Foreign curency exchange gains/(losses)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignCurrencyExchangeGainsLosses" xlink:title="label: ForeignCurrencyExchangeGainsLosses to label_ForeignCurrencyExchangeGainsLosses" xlink:to="label_ForeignCurrencyExchangeGainsLosses_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FormosaAndSanLorenzoMember" xlink:label="FormosaAndSanLorenzoMember" xlink:title="FormosaAndSanLorenzoMember" xlink:type="locator"/>
    <label id="label_FormosaAndSanLorenzoMember" xlink:label="label_FormosaAndSanLorenzoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FormosaAndSanLorenzoMember" xlink:type="resource" xml:lang="en-US">Formosa And San Lorenzo [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FormosaAndSanLorenzoMember" xlink:title="label: FormosaAndSanLorenzoMember to label_FormosaAndSanLorenzoMember" xlink:to="label_FormosaAndSanLorenzoMember" xlink:type="arc"/>
    <label id="label_FormosaAndSanLorenzoMember_2" xlink:label="label_FormosaAndSanLorenzoMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FormosaAndSanLorenzoMember" xlink:type="resource" xml:lang="en-US">Formosa and San Lorenzo</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FormosaAndSanLorenzoMember" xlink:title="label: FormosaAndSanLorenzoMember to label_FormosaAndSanLorenzoMember" xlink:to="label_FormosaAndSanLorenzoMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FourteenVesselsMember" xlink:label="FourteenVesselsMember" xlink:title="FourteenVesselsMember" xlink:type="locator"/>
    <label id="label_FourteenVesselsMember" xlink:label="label_FourteenVesselsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FourteenVesselsMember" xlink:type="resource" xml:lang="en-US">Fourteen Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FourteenVesselsMember" xlink:title="label: FourteenVesselsMember to label_FourteenVesselsMember" xlink:to="label_FourteenVesselsMember" xlink:type="arc"/>
    <label id="label_FourteenVesselsMember_2" xlink:label="label_FourteenVesselsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FourteenVesselsMember" xlink:type="resource" xml:lang="en-US">14 Vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FourteenVesselsMember" xlink:title="label: FourteenVesselsMember to label_FourteenVesselsMember" xlink:to="label_FourteenVesselsMember_2" xlink:type="arc"/>
    <label id="label_FourteenVesselsMember_3" xlink:label="label_FourteenVesselsMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FourteenVesselsMember" xlink:type="resource" xml:lang="en-US">Fourteen Vessels | Per Vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FourteenVesselsMember" xlink:title="label: FourteenVesselsMember to label_FourteenVesselsMember" xlink:to="label_FourteenVesselsMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember" xlink:label="FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember" xlink:title="FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember" xlink:type="locator"/>
    <label id="label_FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember" xlink:label="label_FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember" xlink:type="resource" xml:lang="en-US">Freight Carried Between Paraguay Argentina Bolivia Brazil Or Uruguay [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember" xlink:title="label: FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember to label_FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember" xlink:to="label_FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember" xlink:type="arc"/>
    <label id="label_FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember_2" xlink:label="label_FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember" xlink:type="resource" xml:lang="en-US">If carried between Paraguay and Argentina, Bolivia, Brazil or Uruguay</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember" xlink:title="label: FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember to label_FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember" xlink:to="label_FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FundedFromSeniorLoanMember" xlink:label="FundedFromSeniorLoanMember" xlink:title="FundedFromSeniorLoanMember" xlink:type="locator"/>
    <label id="label_FundedFromSeniorLoanMember" xlink:label="label_FundedFromSeniorLoanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FundedFromSeniorLoanMember" xlink:type="resource" xml:lang="en-US">Funded From Senior Loan [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FundedFromSeniorLoanMember" xlink:title="label: FundedFromSeniorLoanMember to label_FundedFromSeniorLoanMember" xlink:to="label_FundedFromSeniorLoanMember" xlink:type="arc"/>
    <label id="label_FundedFromSeniorLoanMember_2" xlink:label="label_FundedFromSeniorLoanMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FundedFromSeniorLoanMember" xlink:type="resource" xml:lang="en-US">Funded from Senior Loan $117,753</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FundedFromSeniorLoanMember" xlink:title="label: FundedFromSeniorLoanMember to label_FundedFromSeniorLoanMember" xlink:to="label_FundedFromSeniorLoanMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FundingCommitmentMember" xlink:label="FundingCommitmentMember" xlink:title="FundingCommitmentMember" xlink:type="locator"/>
    <label id="label_FundingCommitmentMember" xlink:label="label_FundingCommitmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FundingCommitmentMember" xlink:type="resource" xml:lang="en-US">Funding Commitment [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FundingCommitmentMember" xlink:title="label: FundingCommitmentMember to label_FundingCommitmentMember" xlink:to="label_FundingCommitmentMember" xlink:type="arc"/>
    <label id="label_FundingCommitmentMember_2" xlink:label="label_FundingCommitmentMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FundingCommitmentMember" xlink:type="resource" xml:lang="en-US">Funding Commitment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FundingCommitmentMember" xlink:title="label: FundingCommitmentMember to label_FundingCommitmentMember" xlink:to="label_FundingCommitmentMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FurnitureFixtureAndEquipmentMember" xlink:label="FurnitureFixtureAndEquipmentMember" xlink:title="FurnitureFixtureAndEquipmentMember" xlink:type="locator"/>
    <label id="label_FurnitureFixtureAndEquipmentMember" xlink:label="label_FurnitureFixtureAndEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FurnitureFixtureAndEquipmentMember" xlink:type="resource" xml:lang="en-US">Furniture fixture and equipment [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FurnitureFixtureAndEquipmentMember" xlink:title="label: FurnitureFixtureAndEquipmentMember to label_FurnitureFixtureAndEquipmentMember" xlink:to="label_FurnitureFixtureAndEquipmentMember" xlink:type="arc"/>
    <label id="label_FurnitureFixtureAndEquipmentMember_2" xlink:label="label_FurnitureFixtureAndEquipmentMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FurnitureFixtureAndEquipmentMember" xlink:type="resource" xml:lang="en-US">Furniture, fixtures and equipment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FurnitureFixtureAndEquipmentMember" xlink:title="label: FurnitureFixtureAndEquipmentMember to label_FurnitureFixtureAndEquipmentMember" xlink:to="label_FurnitureFixtureAndEquipmentMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FurtherExtendedCharterHireAgreementIIMember" xlink:label="FurtherExtendedCharterHireAgreementIIMember" xlink:title="FurtherExtendedCharterHireAgreementIIMember" xlink:type="locator"/>
    <label id="label_FurtherExtendedCharterHireAgreementIIMember" xlink:label="label_FurtherExtendedCharterHireAgreementIIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FurtherExtendedCharterHireAgreementIIMember" xlink:type="resource" xml:lang="en-US">Further Extended Charter Hire Agreement II [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FurtherExtendedCharterHireAgreementIIMember" xlink:title="label: FurtherExtendedCharterHireAgreementIIMember to label_FurtherExtendedCharterHireAgreementIIMember" xlink:to="label_FurtherExtendedCharterHireAgreementIIMember" xlink:type="arc"/>
    <label id="label_FurtherExtendedCharterHireAgreementIIMember_2" xlink:label="label_FurtherExtendedCharterHireAgreementIIMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FurtherExtendedCharterHireAgreementIIMember" xlink:type="resource" xml:lang="en-US">Second further extension, Charter hire agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FurtherExtendedCharterHireAgreementIIMember" xlink:title="label: FurtherExtendedCharterHireAgreementIIMember to label_FurtherExtendedCharterHireAgreementIIMember" xlink:to="label_FurtherExtendedCharterHireAgreementIIMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FurtherExtendedCharterHireAgreementMember" xlink:label="FurtherExtendedCharterHireAgreementMember" xlink:title="FurtherExtendedCharterHireAgreementMember" xlink:type="locator"/>
    <label id="label_FurtherExtendedCharterHireAgreementMember" xlink:label="label_FurtherExtendedCharterHireAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FurtherExtendedCharterHireAgreementMember" xlink:type="resource" xml:lang="en-US">Further Extended Charter Hire Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FurtherExtendedCharterHireAgreementMember" xlink:title="label: FurtherExtendedCharterHireAgreementMember to label_FurtherExtendedCharterHireAgreementMember" xlink:to="label_FurtherExtendedCharterHireAgreementMember" xlink:type="arc"/>
    <label id="label_FurtherExtendedCharterHireAgreementMember_2" xlink:label="label_FurtherExtendedCharterHireAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FurtherExtendedCharterHireAgreementMember" xlink:type="resource" xml:lang="en-US">Further extension, Charter hire agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FurtherExtendedCharterHireAgreementMember" xlink:title="label: FurtherExtendedCharterHireAgreementMember to label_FurtherExtendedCharterHireAgreementMember" xlink:to="label_FurtherExtendedCharterHireAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FutureMinimumRevenueNetOfCommissionsTableTextBlock" xlink:label="FutureMinimumRevenueNetOfCommissionsTableTextBlock" xlink:title="FutureMinimumRevenueNetOfCommissionsTableTextBlock" xlink:type="locator"/>
    <label id="label_FutureMinimumRevenueNetOfCommissionsTableTextBlock" xlink:label="label_FutureMinimumRevenueNetOfCommissionsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FutureMinimumRevenueNetOfCommissionsTableTextBlock" xlink:type="resource" xml:lang="en-US">Tabular disclosure for the future minimum revenues of vessels relating to charter-out agreements before reduction for the commissions, expected to be recognized on non-cancellable time charters.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FutureMinimumRevenueNetOfCommissionsTableTextBlock" xlink:title="label: FutureMinimumRevenueNetOfCommissionsTableTextBlock to label_FutureMinimumRevenueNetOfCommissionsTableTextBlock" xlink:to="label_FutureMinimumRevenueNetOfCommissionsTableTextBlock" xlink:type="arc"/>
    <label id="label_FutureMinimumRevenueNetOfCommissionsTableTextBlock_2" xlink:label="label_FutureMinimumRevenueNetOfCommissionsTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FutureMinimumRevenueNetOfCommissionsTableTextBlock" xlink:type="resource" xml:lang="en-US">Future Minimum Revenue net of commissions [Table Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FutureMinimumRevenueNetOfCommissionsTableTextBlock" xlink:title="label: FutureMinimumRevenueNetOfCommissionsTableTextBlock to label_FutureMinimumRevenueNetOfCommissionsTableTextBlock" xlink:to="label_FutureMinimumRevenueNetOfCommissionsTableTextBlock_2" xlink:type="arc"/>
    <label id="label_FutureMinimumRevenueNetOfCommissionsTableTextBlock_3" xlink:label="label_FutureMinimumRevenueNetOfCommissionsTableTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FutureMinimumRevenueNetOfCommissionsTableTextBlock" xlink:type="resource" xml:lang="en-US">Chartered-out vessels, barges and pushboats</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FutureMinimumRevenueNetOfCommissionsTableTextBlock" xlink:title="label: FutureMinimumRevenueNetOfCommissionsTableTextBlock to label_FutureMinimumRevenueNetOfCommissionsTableTextBlock" xlink:to="label_FutureMinimumRevenueNetOfCommissionsTableTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_GainLossFromWriteOffOfIntangible" xlink:label="GainLossFromWriteOffOfIntangible" xlink:title="GainLossFromWriteOffOfIntangible" xlink:type="locator"/>
    <label id="label_GainLossFromWriteOffOfIntangible_3" xlink:label="label_GainLossFromWriteOffOfIntangible" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GainLossFromWriteOffOfIntangible" xlink:type="resource" xml:lang="en-US">The gain/ (loss) arising from the write off of an intangible asset.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossFromWriteOffOfIntangible" xlink:title="label: GainLossFromWriteOffOfIntangible to label_GainLossFromWriteOffOfIntangible" xlink:to="label_GainLossFromWriteOffOfIntangible" xlink:type="arc"/>
    <label id="label_GainLossFromWriteOffOfIntangible_2" xlink:label="label_GainLossFromWriteOffOfIntangible_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainLossFromWriteOffOfIntangible" xlink:type="resource" xml:lang="en-US">Gain Loss From Write Off Of Intangible</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossFromWriteOffOfIntangible" xlink:title="label: GainLossFromWriteOffOfIntangible to label_GainLossFromWriteOffOfIntangible" xlink:to="label_GainLossFromWriteOffOfIntangible_2" xlink:type="arc"/>
    <label id="label_GainLossFromWriteOffOfIntangible" xlink:label="label_GainLossFromWriteOffOfIntangible_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainLossFromWriteOffOfIntangible" xlink:type="resource" xml:lang="en-US">Gain / (loss) resulting from favorable lease terms written off</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossFromWriteOffOfIntangible" xlink:title="label: GainLossFromWriteOffOfIntangible to label_GainLossFromWriteOffOfIntangible" xlink:to="label_GainLossFromWriteOffOfIntangible_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts" xlink:label="GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts" xlink:title="GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts" xlink:type="locator"/>
    <label id="label_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts" xlink:label="label_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts" xlink:type="resource" xml:lang="en-US">Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity and relates to the accelerated amortization of unamortized deferred finance costs.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts" xlink:title="label: GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts to label_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts" xlink:to="label_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts" xlink:type="arc"/>
    <label id="label_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts_2" xlink:label="label_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts" xlink:type="resource" xml:lang="en-US">Gains Losses On Extinguishment Of Debt Due To Accelerated Amortization Of Finance Costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts" xlink:title="label: GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts to label_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts" xlink:to="label_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts_2" xlink:type="arc"/>
    <label id="label_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts_3" xlink:label="label_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts" xlink:type="resource" xml:lang="en-US">Loss relating to the accelerated amortization of unamortized deferred finance costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts" xlink:title="label: GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts to label_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts" xlink:to="label_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses" xlink:label="GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses" xlink:title="GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses" xlink:type="locator"/>
    <label id="label_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses" xlink:label="label_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses" xlink:type="resource" xml:lang="en-US">Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity and relates to the cash payments for transaction fees and expenses.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses" xlink:title="label: GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses to label_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses" xlink:to="label_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses" xlink:type="arc"/>
    <label id="label_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses_2" xlink:label="label_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses" xlink:type="resource" xml:lang="en-US">Gains Losses On Extinguishment Of Debt Due To Payments For Fees And Expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses" xlink:title="label: GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses to label_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses" xlink:to="label_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses_2" xlink:type="arc"/>
    <label id="label_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses_3" xlink:label="label_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses" xlink:type="resource" xml:lang="en-US">Gain / (Loss) relating to cash payments for transaction fees and expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses" xlink:title="label: GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses to label_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses" xlink:to="label_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_GeneralAndAdministrativeFees" xlink:label="GeneralAndAdministrativeFees" xlink:title="GeneralAndAdministrativeFees" xlink:type="locator"/>
    <label id="label_GeneralAndAdministrativeFees" xlink:label="label_GeneralAndAdministrativeFees" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GeneralAndAdministrativeFees" xlink:type="resource" xml:lang="en-US">Fees received for general and administrative services.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralAndAdministrativeFees" xlink:title="label: GeneralAndAdministrativeFees to label_GeneralAndAdministrativeFees" xlink:to="label_GeneralAndAdministrativeFees" xlink:type="arc"/>
    <label id="label_GeneralAndAdministrativeFees_2" xlink:label="label_GeneralAndAdministrativeFees_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GeneralAndAdministrativeFees" xlink:type="resource" xml:lang="en-US">General And Administrative Fees</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralAndAdministrativeFees" xlink:title="label: GeneralAndAdministrativeFees to label_GeneralAndAdministrativeFees" xlink:to="label_GeneralAndAdministrativeFees_2" xlink:type="arc"/>
    <label id="label_GeneralAndAdministrativeFees_3" xlink:label="label_GeneralAndAdministrativeFees_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GeneralAndAdministrativeFees" xlink:type="resource" xml:lang="en-US">General and administrative fees</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralAndAdministrativeFees" xlink:title="label: GeneralAndAdministrativeFees to label_GeneralAndAdministrativeFees" xlink:to="label_GeneralAndAdministrativeFees_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_GeneralPartnersCapitalAccountUnitsOffered" xlink:label="GeneralPartnersCapitalAccountUnitsOffered" xlink:title="GeneralPartnersCapitalAccountUnitsOffered" xlink:type="locator"/>
    <label id="label_GeneralPartnersCapitalAccountUnitsOffered" xlink:label="label_GeneralPartnersCapitalAccountUnitsOffered" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GeneralPartnersCapitalAccountUnitsOffered" xlink:type="resource" xml:lang="en-US">The number of general partner units offered in a placement.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralPartnersCapitalAccountUnitsOffered" xlink:title="label: GeneralPartnersCapitalAccountUnitsOffered to label_GeneralPartnersCapitalAccountUnitsOffered" xlink:to="label_GeneralPartnersCapitalAccountUnitsOffered" xlink:type="arc"/>
    <label id="label_GeneralPartnersCapitalAccountUnitsOffered_2" xlink:label="label_GeneralPartnersCapitalAccountUnitsOffered_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GeneralPartnersCapitalAccountUnitsOffered" xlink:type="resource" xml:lang="en-US">General Partners Capital Account Units Offered</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralPartnersCapitalAccountUnitsOffered" xlink:title="label: GeneralPartnersCapitalAccountUnitsOffered to label_GeneralPartnersCapitalAccountUnitsOffered" xlink:to="label_GeneralPartnersCapitalAccountUnitsOffered_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_GingerServicesCoMember" xlink:label="GingerServicesCoMember" xlink:title="GingerServicesCoMember" xlink:type="locator"/>
    <label id="label_GingerServicesCoMember" xlink:label="label_GingerServicesCoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GingerServicesCoMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Ginger Services Co.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GingerServicesCoMember" xlink:title="label: GingerServicesCoMember to label_GingerServicesCoMember" xlink:to="label_GingerServicesCoMember" xlink:type="arc"/>
    <label id="label_GingerServicesCoMember_2" xlink:label="label_GingerServicesCoMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GingerServicesCoMember" xlink:type="resource" xml:lang="en-US">Ginger Services Co [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GingerServicesCoMember" xlink:title="label: GingerServicesCoMember to label_GingerServicesCoMember" xlink:to="label_GingerServicesCoMember_2" xlink:type="arc"/>
    <label id="label_GingerServicesCoMember_3" xlink:label="label_GingerServicesCoMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GingerServicesCoMember" xlink:type="resource" xml:lang="en-US">Ginger Services Co.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GingerServicesCoMember" xlink:title="label: GingerServicesCoMember to label_GingerServicesCoMember" xlink:to="label_GingerServicesCoMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_GoldlandEmeraldAnonimosEteriaMember" xlink:label="GoldlandEmeraldAnonimosEteriaMember" xlink:title="GoldlandEmeraldAnonimosEteriaMember" xlink:type="locator"/>
    <label id="label_GoldlandEmeraldAnonimosEteriaMember" xlink:label="label_GoldlandEmeraldAnonimosEteriaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GoldlandEmeraldAnonimosEteriaMember" xlink:type="resource" xml:lang="en-US">Goldland Emerald Anonimos Eteria [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoldlandEmeraldAnonimosEteriaMember" xlink:title="label: GoldlandEmeraldAnonimosEteriaMember to label_GoldlandEmeraldAnonimosEteriaMember" xlink:to="label_GoldlandEmeraldAnonimosEteriaMember" xlink:type="arc"/>
    <label id="label_GoldlandEmeraldAnonimosEteriaMember_2" xlink:label="label_GoldlandEmeraldAnonimosEteriaMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GoldlandEmeraldAnonimosEteriaMember" xlink:type="resource" xml:lang="en-US">Goldland Anonymos Eteria</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoldlandEmeraldAnonimosEteriaMember" xlink:title="label: GoldlandEmeraldAnonimosEteriaMember to label_GoldlandEmeraldAnonimosEteriaMember" xlink:to="label_GoldlandEmeraldAnonimosEteriaMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_HeraklesShippingCorporationMember" xlink:label="HeraklesShippingCorporationMember" xlink:title="HeraklesShippingCorporationMember" xlink:type="locator"/>
    <label id="label_HeraklesShippingCorporationMember" xlink:label="label_HeraklesShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_HeraklesShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Herakles Shipping Corporation .</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HeraklesShippingCorporationMember" xlink:title="label: HeraklesShippingCorporationMember to label_HeraklesShippingCorporationMember" xlink:to="label_HeraklesShippingCorporationMember" xlink:type="arc"/>
    <label id="label_HeraklesShippingCorporationMember_2" xlink:label="label_HeraklesShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HeraklesShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Herakles Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HeraklesShippingCorporationMember" xlink:title="label: HeraklesShippingCorporationMember to label_HeraklesShippingCorporationMember" xlink:to="label_HeraklesShippingCorporationMember_2" xlink:type="arc"/>
    <label id="label_HeraklesShippingCorporationMember_3" xlink:label="label_HeraklesShippingCorporationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HeraklesShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Herakles Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HeraklesShippingCorporationMember" xlink:title="label: HeraklesShippingCorporationMember to label_HeraklesShippingCorporationMember" xlink:to="label_HeraklesShippingCorporationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_HestiaShippingLtdMember" xlink:label="HestiaShippingLtdMember" xlink:title="HestiaShippingLtdMember" xlink:type="locator"/>
    <label id="label_HestiaShippingLtdMember" xlink:label="label_HestiaShippingLtdMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_HestiaShippingLtdMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Hestia Shipping Ltd.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HestiaShippingLtdMember" xlink:title="label: HestiaShippingLtdMember to label_HestiaShippingLtdMember" xlink:to="label_HestiaShippingLtdMember" xlink:type="arc"/>
    <label id="label_HestiaShippingLtdMember_2" xlink:label="label_HestiaShippingLtdMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HestiaShippingLtdMember" xlink:type="resource" xml:lang="en-US">Hestia Shipping Ltd [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HestiaShippingLtdMember" xlink:title="label: HestiaShippingLtdMember to label_HestiaShippingLtdMember" xlink:to="label_HestiaShippingLtdMember_2" xlink:type="arc"/>
    <label id="label_HestiaShippingLtdMember_3" xlink:label="label_HestiaShippingLtdMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HestiaShippingLtdMember" xlink:type="resource" xml:lang="en-US">Hestia Shipping Ltd.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HestiaShippingLtdMember" xlink:title="label: HestiaShippingLtdMember to label_HestiaShippingLtdMember" xlink:to="label_HestiaShippingLtdMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_HidronaveMember" xlink:label="HidronaveMember" xlink:title="HidronaveMember" xlink:type="locator"/>
    <label id="label_HidronaveMember" xlink:label="label_HidronaveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HidronaveMember" xlink:type="resource" xml:lang="en-US">Hidronave [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HidronaveMember" xlink:title="label: HidronaveMember to label_HidronaveMember" xlink:to="label_HidronaveMember" xlink:type="arc"/>
    <label id="label_HidronaveMember_2" xlink:label="label_HidronaveMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HidronaveMember" xlink:type="resource" xml:lang="en-US">Hidronave</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HidronaveMember" xlink:title="label: HidronaveMember to label_HidronaveMember" xlink:to="label_HidronaveMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_HighbirdManagementIncMember" xlink:label="HighbirdManagementIncMember" xlink:title="HighbirdManagementIncMember" xlink:type="locator"/>
    <label id="label_HighbirdManagementIncMember" xlink:label="label_HighbirdManagementIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_HighbirdManagementIncMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Highbird Management Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HighbirdManagementIncMember" xlink:title="label: HighbirdManagementIncMember to label_HighbirdManagementIncMember" xlink:to="label_HighbirdManagementIncMember" xlink:type="arc"/>
    <label id="label_HighbirdManagementIncMember_2" xlink:label="label_HighbirdManagementIncMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HighbirdManagementIncMember" xlink:type="resource" xml:lang="en-US">Highbird Management Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HighbirdManagementIncMember" xlink:title="label: HighbirdManagementIncMember to label_HighbirdManagementIncMember" xlink:to="label_HighbirdManagementIncMember_2" xlink:type="arc"/>
    <label id="label_HighbirdManagementIncMember_3" xlink:label="label_HighbirdManagementIncMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HighbirdManagementIncMember" xlink:type="resource" xml:lang="en-US">Highbird Management Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HighbirdManagementIncMember" xlink:title="label: HighbirdManagementIncMember to label_HighbirdManagementIncMember" xlink:to="label_HighbirdManagementIncMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_HiosShippingCorporationMember" xlink:label="HiosShippingCorporationMember" xlink:title="HiosShippingCorporationMember" xlink:type="locator"/>
    <label id="label_HiosShippingCorporationMember" xlink:label="label_HiosShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_HiosShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Hios Shipping Corporation .</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HiosShippingCorporationMember" xlink:title="label: HiosShippingCorporationMember to label_HiosShippingCorporationMember" xlink:to="label_HiosShippingCorporationMember" xlink:type="arc"/>
    <label id="label_HiosShippingCorporationMember_2" xlink:label="label_HiosShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HiosShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Hios Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HiosShippingCorporationMember" xlink:title="label: HiosShippingCorporationMember to label_HiosShippingCorporationMember" xlink:to="label_HiosShippingCorporationMember_2" xlink:type="arc"/>
    <label id="label_HiosShippingCorporationMember_3" xlink:label="label_HiosShippingCorporationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HiosShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Hios Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HiosShippingCorporationMember" xlink:title="label: HiosShippingCorporationMember to label_HiosShippingCorporationMember" xlink:to="label_HiosShippingCorporationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_HiredVesselsInOperationMember" xlink:label="HiredVesselsInOperationMember" xlink:title="HiredVesselsInOperationMember" xlink:type="locator"/>
    <label id="label_HiredVesselsInOperationMember" xlink:label="label_HiredVesselsInOperationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HiredVesselsInOperationMember" xlink:type="resource" xml:lang="en-US">Hired Vessels In Operation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HiredVesselsInOperationMember" xlink:title="label: HiredVesselsInOperationMember to label_HiredVesselsInOperationMember" xlink:to="label_HiredVesselsInOperationMember" xlink:type="arc"/>
    <label id="label_HiredVesselsInOperationMember_2" xlink:label="label_HiredVesselsInOperationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HiredVesselsInOperationMember" xlink:type="resource" xml:lang="en-US">Charter-in vessels in operation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HiredVesselsInOperationMember" xlink:title="label: HiredVesselsInOperationMember to label_HiredVesselsInOperationMember" xlink:to="label_HiredVesselsInOperationMember_2" xlink:type="arc"/>
    <label id="label_HiredVesselsInOperationMember_3" xlink:label="label_HiredVesselsInOperationMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_HiredVesselsInOperationMember" xlink:type="resource" xml:lang="en-US">Charter-in contracts</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HiredVesselsInOperationMember" xlink:title="label: HiredVesselsInOperationMember to label_HiredVesselsInOperationMember" xlink:to="label_HiredVesselsInOperationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_HorizonShippingEnterprisesCorporationMember" xlink:label="HorizonShippingEnterprisesCorporationMember" xlink:title="HorizonShippingEnterprisesCorporationMember" xlink:type="locator"/>
    <label id="label_HorizonShippingEnterprisesCorporationMember" xlink:label="label_HorizonShippingEnterprisesCorporationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_HorizonShippingEnterprisesCorporationMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Horizon Shipping Enterprises Corporation.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HorizonShippingEnterprisesCorporationMember" xlink:title="label: HorizonShippingEnterprisesCorporationMember to label_HorizonShippingEnterprisesCorporationMember" xlink:to="label_HorizonShippingEnterprisesCorporationMember" xlink:type="arc"/>
    <label id="label_HorizonShippingEnterprisesCorporationMember_2" xlink:label="label_HorizonShippingEnterprisesCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HorizonShippingEnterprisesCorporationMember" xlink:type="resource" xml:lang="en-US">Horizon Shipping Enterprises Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HorizonShippingEnterprisesCorporationMember" xlink:title="label: HorizonShippingEnterprisesCorporationMember to label_HorizonShippingEnterprisesCorporationMember" xlink:to="label_HorizonShippingEnterprisesCorporationMember_2" xlink:type="arc"/>
    <label id="label_HorizonShippingEnterprisesCorporationMember_3" xlink:label="label_HorizonShippingEnterprisesCorporationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HorizonShippingEnterprisesCorporationMember" xlink:type="resource" xml:lang="en-US">Horizon Shipping Enterprises Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HorizonShippingEnterprisesCorporationMember" xlink:title="label: HorizonShippingEnterprisesCorporationMember to label_HorizonShippingEnterprisesCorporationMember" xlink:to="label_HorizonShippingEnterprisesCorporationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_HshNordbankCommerzbankMember" xlink:label="HshNordbankCommerzbankMember" xlink:title="HshNordbankCommerzbankMember" xlink:type="locator"/>
    <label id="label_HshNordbankCommerzbankMember" xlink:label="label_HshNordbankCommerzbankMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HshNordbankCommerzbankMember" xlink:type="resource" xml:lang="en-US">Hsh Nordbank Commerzbank [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HshNordbankCommerzbankMember" xlink:title="label: HshNordbankCommerzbankMember to label_HshNordbankCommerzbankMember" xlink:to="label_HshNordbankCommerzbankMember" xlink:type="arc"/>
    <label id="label_HshNordbankCommerzbankMember_2" xlink:label="label_HshNordbankCommerzbankMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HshNordbankCommerzbankMember" xlink:type="resource" xml:lang="en-US">HSH Nordbank and Commerzbank A.G.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HshNordbankCommerzbankMember" xlink:title="label: HshNordbankCommerzbankMember to label_HshNordbankCommerzbankMember" xlink:to="label_HshNordbankCommerzbankMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:label="IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:title="IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:type="locator"/>
    <label id="label_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:label="label_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:type="resource" xml:lang="en-US">The increase/ decrease during the reporting period in long term receivables (due within one year or one operating cycle) to be collected from an entity that is controlling, under the control of, or within the same control group as the reporting entity by means of direct or indirect ownership.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:title="label: IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm to label_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:to="label_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:type="arc"/>
    <label id="label_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm_2" xlink:label="label_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:type="resource" xml:lang="en-US">Increase Decrease In Due From Affiliates Receivable Long Term</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:title="label: IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm to label_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:to="label_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm_2" xlink:type="arc"/>
    <label id="label_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm_3" xlink:label="label_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:type="resource" xml:lang="en-US">(Increase)/decrease in long-term receivable from affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:title="label: IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm to label_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:to="label_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm_3" xlink:type="arc"/>
    <label id="label_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm_4" xlink:label="label_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm_4" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:type="resource" xml:lang="en-US">Increase in long-term receivable from affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:title="label: IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm to label_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:to="label_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember" xlink:label="IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember" xlink:title="IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember" xlink:type="locator"/>
    <label id="label_IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember" xlink:label="label_IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember" xlink:type="resource" xml:lang="en-US">Indebtedness in connection with six vessels added as collateral [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember" xlink:title="label: IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember to label_IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember" xlink:to="label_IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember" xlink:type="arc"/>
    <label id="label_IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember_2" xlink:label="label_IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember" xlink:type="resource" xml:lang="en-US">Indebtedness in connection with six vessels added as collateral</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember" xlink:title="label: IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember to label_IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember" xlink:to="label_IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_InsuranceClaimsPolicyTextBlock" xlink:label="InsuranceClaimsPolicyTextBlock" xlink:title="InsuranceClaimsPolicyTextBlock" xlink:type="locator"/>
    <label id="label_InsuranceClaimsPolicyTextBlock" xlink:label="label_InsuranceClaimsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InsuranceClaimsPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Disclosure of accounting policy for insurance claims.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InsuranceClaimsPolicyTextBlock" xlink:title="label: InsuranceClaimsPolicyTextBlock to label_InsuranceClaimsPolicyTextBlock" xlink:to="label_InsuranceClaimsPolicyTextBlock" xlink:type="arc"/>
    <label id="label_InsuranceClaimsPolicyTextBlock_2" xlink:label="label_InsuranceClaimsPolicyTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InsuranceClaimsPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Insurance Claims [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InsuranceClaimsPolicyTextBlock" xlink:title="label: InsuranceClaimsPolicyTextBlock to label_InsuranceClaimsPolicyTextBlock" xlink:to="label_InsuranceClaimsPolicyTextBlock_2" xlink:type="arc"/>
    <label id="label_InsuranceClaimsPolicyTextBlock_3" xlink:label="label_InsuranceClaimsPolicyTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InsuranceClaimsPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Insurance Claims</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InsuranceClaimsPolicyTextBlock" xlink:title="label: InsuranceClaimsPolicyTextBlock to label_InsuranceClaimsPolicyTextBlock" xlink:to="label_InsuranceClaimsPolicyTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_InsuranceRestructuringMember" xlink:label="InsuranceRestructuringMember" xlink:title="InsuranceRestructuringMember" xlink:type="locator"/>
    <label id="label_InsuranceRestructuringMember" xlink:label="label_InsuranceRestructuringMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InsuranceRestructuringMember" xlink:type="resource" xml:lang="en-US">Insurance Restructuring [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InsuranceRestructuringMember" xlink:title="label: InsuranceRestructuringMember to label_InsuranceRestructuringMember" xlink:to="label_InsuranceRestructuringMember" xlink:type="arc"/>
    <label id="label_InsuranceRestructuringMember_2" xlink:label="label_InsuranceRestructuringMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InsuranceRestructuringMember" xlink:type="resource" xml:lang="en-US">Insurance restructuring</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InsuranceRestructuringMember" xlink:title="label: InsuranceRestructuringMember to label_InsuranceRestructuringMember" xlink:to="label_InsuranceRestructuringMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_InterestDebtExpenseInvestmentIncome" xlink:label="InterestDebtExpenseInvestmentIncome" xlink:title="InterestDebtExpenseInvestmentIncome" xlink:type="locator"/>
    <label id="label_InterestDebtExpenseInvestmentIncome" xlink:label="label_InterestDebtExpenseInvestmentIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterestDebtExpenseInvestmentIncome" xlink:type="resource" xml:lang="en-US">Interest and debt related expenses associated with nonoperating financing activities of the entity including interest income on nonoperating securities.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestDebtExpenseInvestmentIncome" xlink:title="label: InterestDebtExpenseInvestmentIncome to label_InterestDebtExpenseInvestmentIncome" xlink:to="label_InterestDebtExpenseInvestmentIncome" xlink:type="arc"/>
    <label id="label_InterestDebtExpenseInvestmentIncome_2" xlink:label="label_InterestDebtExpenseInvestmentIncome_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestDebtExpenseInvestmentIncome" xlink:type="resource" xml:lang="en-US">Interest Debt Expense Investment Income</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestDebtExpenseInvestmentIncome" xlink:title="label: InterestDebtExpenseInvestmentIncome to label_InterestDebtExpenseInvestmentIncome" xlink:to="label_InterestDebtExpenseInvestmentIncome_2" xlink:type="arc"/>
    <label id="label_InterestDebtExpenseInvestmentIncome_3" xlink:label="label_InterestDebtExpenseInvestmentIncome_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterestDebtExpenseInvestmentIncome" xlink:type="resource" xml:lang="en-US">Interest expense and finance cost</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestDebtExpenseInvestmentIncome" xlink:title="label: InterestDebtExpenseInvestmentIncome to label_InterestDebtExpenseInvestmentIncome" xlink:to="label_InterestDebtExpenseInvestmentIncome_3" xlink:type="arc"/>
    <label id="label_InterestDebtExpenseInvestmentIncome_4" xlink:label="label_InterestDebtExpenseInvestmentIncome_4" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_InterestDebtExpenseInvestmentIncome" xlink:type="resource" xml:lang="en-US">Interest expense and finance cost, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestDebtExpenseInvestmentIncome" xlink:title="label: InterestDebtExpenseInvestmentIncome to label_InterestDebtExpenseInvestmentIncome" xlink:to="label_InterestDebtExpenseInvestmentIncome_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_InterestExpenseAndFinanceCostAbstract" xlink:label="InterestExpenseAndFinanceCostAbstract" xlink:title="InterestExpenseAndFinanceCostAbstract" xlink:type="locator"/>
    <label id="label_InterestExpenseAndFinanceCostAbstract" xlink:label="label_InterestExpenseAndFinanceCostAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestExpenseAndFinanceCostAbstract" xlink:type="resource" xml:lang="en-US">INTEREST EXPENSE AND FINANCE COST [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseAndFinanceCostAbstract" xlink:title="label: InterestExpenseAndFinanceCostAbstract to label_InterestExpenseAndFinanceCostAbstract" xlink:to="label_InterestExpenseAndFinanceCostAbstract" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_InterestExpenseAndFinanceCostTableTextBlock" xlink:label="InterestExpenseAndFinanceCostTableTextBlock" xlink:title="InterestExpenseAndFinanceCostTableTextBlock" xlink:type="locator"/>
    <label id="label_InterestExpenseAndFinanceCostTableTextBlock" xlink:label="label_InterestExpenseAndFinanceCostTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterestExpenseAndFinanceCostTableTextBlock" xlink:type="resource" xml:lang="en-US">Tabular disclosure of interest and debt related expenses associated with nonoperating financing activities of the entity.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseAndFinanceCostTableTextBlock" xlink:title="label: InterestExpenseAndFinanceCostTableTextBlock to label_InterestExpenseAndFinanceCostTableTextBlock" xlink:to="label_InterestExpenseAndFinanceCostTableTextBlock" xlink:type="arc"/>
    <label id="label_InterestExpenseAndFinanceCostTableTextBlock_2" xlink:label="label_InterestExpenseAndFinanceCostTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestExpenseAndFinanceCostTableTextBlock" xlink:type="resource" xml:lang="en-US">Interest Expense And Finance Cost [Table Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseAndFinanceCostTableTextBlock" xlink:title="label: InterestExpenseAndFinanceCostTableTextBlock to label_InterestExpenseAndFinanceCostTableTextBlock" xlink:to="label_InterestExpenseAndFinanceCostTableTextBlock_2" xlink:type="arc"/>
    <label id="label_InterestExpenseAndFinanceCostTableTextBlock_3" xlink:label="label_InterestExpenseAndFinanceCostTableTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestExpenseAndFinanceCostTableTextBlock" xlink:type="resource" xml:lang="en-US">Interest expense and finance cost</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseAndFinanceCostTableTextBlock" xlink:title="label: InterestExpenseAndFinanceCostTableTextBlock to label_InterestExpenseAndFinanceCostTableTextBlock" xlink:to="label_InterestExpenseAndFinanceCostTableTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_InvestmentInCommonStockShares" xlink:label="InvestmentInCommonStockShares" xlink:title="InvestmentInCommonStockShares" xlink:type="locator"/>
    <label id="label_InvestmentInCommonStockShares" xlink:label="label_InvestmentInCommonStockShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InvestmentInCommonStockShares" xlink:type="resource" xml:lang="en-US">Number of shares acquired through private placement.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentInCommonStockShares" xlink:title="label: InvestmentInCommonStockShares to label_InvestmentInCommonStockShares" xlink:to="label_InvestmentInCommonStockShares" xlink:type="arc"/>
    <label id="label_InvestmentInCommonStockShares_2" xlink:label="label_InvestmentInCommonStockShares_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentInCommonStockShares" xlink:type="resource" xml:lang="en-US">Investment In Common Stock Shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentInCommonStockShares" xlink:title="label: InvestmentInCommonStockShares to label_InvestmentInCommonStockShares" xlink:to="label_InvestmentInCommonStockShares_2" xlink:type="arc"/>
    <label id="label_InvestmentInCommonStockShares_3" xlink:label="label_InvestmentInCommonStockShares_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentInCommonStockShares" xlink:type="resource" xml:lang="en-US">Acquisition of common stock shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentInCommonStockShares" xlink:title="label: InvestmentInCommonStockShares to label_InvestmentInCommonStockShares" xlink:to="label_InvestmentInCommonStockShares_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:label="InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:title="InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:type="locator"/>
    <label id="label_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:label="label_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:type="resource" xml:lang="en-US">The increase/decrease during the reported period in investment in affiliate companies.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:title="label: InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease to label_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:to="label_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:type="arc"/>
    <label id="label_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease_2" xlink:label="label_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:type="resource" xml:lang="en-US">Investments In Related Parties At Fair Value Period Increase Decrease</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:title="label: InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease to label_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:to="label_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease_2" xlink:type="arc"/>
    <label id="label_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease_3" xlink:label="label_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:type="resource" xml:lang="en-US">Investment in related party</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:title="label: InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease to label_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:to="label_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease_3" xlink:type="arc"/>
    <label id="label_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease_4" xlink:label="label_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease_4" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:type="resource" xml:lang="en-US">Investment in affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:title="label: InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease to label_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:to="label_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_InvestmentsInSubsidiaries" xlink:label="InvestmentsInSubsidiaries" xlink:title="InvestmentsInSubsidiaries" xlink:type="locator"/>
    <label id="label_InvestmentsInSubsidiaries" xlink:label="label_InvestmentsInSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InvestmentsInSubsidiaries" xlink:type="resource" xml:lang="en-US">Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInSubsidiaries" xlink:title="label: InvestmentsInSubsidiaries to label_InvestmentsInSubsidiaries" xlink:to="label_InvestmentsInSubsidiaries" xlink:type="arc"/>
    <label id="label_InvestmentsInSubsidiaries_2" xlink:label="label_InvestmentsInSubsidiaries_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentsInSubsidiaries" xlink:type="resource" xml:lang="en-US">Investments in subsidiaries</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInSubsidiaries" xlink:title="label: InvestmentsInSubsidiaries to label_InvestmentsInSubsidiaries" xlink:to="label_InvestmentsInSubsidiaries_2" xlink:type="arc"/>
    <label id="label_InvestmentsInSubsidiaries_3" xlink:label="label_InvestmentsInSubsidiaries_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentsInSubsidiaries" xlink:type="resource" xml:lang="en-US">Investments in subsidiaries</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInSubsidiaries" xlink:title="label: InvestmentsInSubsidiaries to label_InvestmentsInSubsidiaries" xlink:to="label_InvestmentsInSubsidiaries_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_IonianShippingCorporationMember" xlink:label="IonianShippingCorporationMember" xlink:title="IonianShippingCorporationMember" xlink:type="locator"/>
    <label id="label_IonianShippingCorporationMember" xlink:label="label_IonianShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IonianShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Hios Shipping Corporation .</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IonianShippingCorporationMember" xlink:title="label: IonianShippingCorporationMember to label_IonianShippingCorporationMember" xlink:to="label_IonianShippingCorporationMember" xlink:type="arc"/>
    <label id="label_IonianShippingCorporationMember_2" xlink:label="label_IonianShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IonianShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Ionian Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IonianShippingCorporationMember" xlink:title="label: IonianShippingCorporationMember to label_IonianShippingCorporationMember" xlink:to="label_IonianShippingCorporationMember_2" xlink:type="arc"/>
    <label id="label_IonianShippingCorporationMember_3" xlink:label="label_IonianShippingCorporationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IonianShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Ionian Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IonianShippingCorporationMember" xlink:title="label: IonianShippingCorporationMember to label_IonianShippingCorporationMember" xlink:to="label_IonianShippingCorporationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_IrisShippingCorporationMember" xlink:label="IrisShippingCorporationMember" xlink:title="IrisShippingCorporationMember" xlink:type="locator"/>
    <label id="label_IrisShippingCorporationMember" xlink:label="label_IrisShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IrisShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Iris Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IrisShippingCorporationMember" xlink:title="label: IrisShippingCorporationMember to label_IrisShippingCorporationMember" xlink:to="label_IrisShippingCorporationMember" xlink:type="arc"/>
    <label id="label_IrisShippingCorporationMember_2" xlink:label="label_IrisShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IrisShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Iris Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IrisShippingCorporationMember" xlink:title="label: IrisShippingCorporationMember to label_IrisShippingCorporationMember" xlink:to="label_IrisShippingCorporationMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_JasmineShippingCorporationMember" xlink:label="JasmineShippingCorporationMember" xlink:title="JasmineShippingCorporationMember" xlink:type="locator"/>
    <label id="label_JasmineShippingCorporationMember" xlink:label="label_JasmineShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_JasmineShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Jasmine Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JasmineShippingCorporationMember" xlink:title="label: JasmineShippingCorporationMember to label_JasmineShippingCorporationMember" xlink:to="label_JasmineShippingCorporationMember" xlink:type="arc"/>
    <label id="label_JasmineShippingCorporationMember_2" xlink:label="label_JasmineShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_JasmineShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Jasmine Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JasmineShippingCorporationMember" xlink:title="label: JasmineShippingCorporationMember to label_JasmineShippingCorporationMember" xlink:to="label_JasmineShippingCorporationMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_KlcSharesEarlyRepaymentMember" xlink:label="KlcSharesEarlyRepaymentMember" xlink:title="KlcSharesEarlyRepaymentMember" xlink:type="locator"/>
    <label id="label_KlcSharesEarlyRepaymentMember" xlink:label="label_KlcSharesEarlyRepaymentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_KlcSharesEarlyRepaymentMember" xlink:type="resource" xml:lang="en-US">Klc Shares Early Repayment [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KlcSharesEarlyRepaymentMember" xlink:title="label: KlcSharesEarlyRepaymentMember to label_KlcSharesEarlyRepaymentMember" xlink:to="label_KlcSharesEarlyRepaymentMember" xlink:type="arc"/>
    <label id="label_KlcSharesEarlyRepaymentMember_2" xlink:label="label_KlcSharesEarlyRepaymentMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_KlcSharesEarlyRepaymentMember" xlink:type="resource" xml:lang="en-US">KLC shares early repayment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KlcSharesEarlyRepaymentMember" xlink:title="label: KlcSharesEarlyRepaymentMember to label_KlcSharesEarlyRepaymentMember" xlink:to="label_KlcSharesEarlyRepaymentMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_KleimarLtdMember" xlink:label="KleimarLtdMember" xlink:title="KleimarLtdMember" xlink:type="locator"/>
    <label id="label_KleimarLtdMember" xlink:label="label_KleimarLtdMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_KleimarLtdMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Kleimar Ltd.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KleimarLtdMember" xlink:title="label: KleimarLtdMember to label_KleimarLtdMember" xlink:to="label_KleimarLtdMember" xlink:type="arc"/>
    <label id="label_KleimarLtdMember_2" xlink:label="label_KleimarLtdMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_KleimarLtdMember" xlink:type="resource" xml:lang="en-US">Kleimar Ltd [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KleimarLtdMember" xlink:title="label: KleimarLtdMember to label_KleimarLtdMember" xlink:to="label_KleimarLtdMember_2" xlink:type="arc"/>
    <label id="label_KleimarLtdMember_3" xlink:label="label_KleimarLtdMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_KleimarLtdMember" xlink:type="resource" xml:lang="en-US">Kleimar Ltd.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KleimarLtdMember" xlink:title="label: KleimarLtdMember to label_KleimarLtdMember" xlink:to="label_KleimarLtdMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_KleimarNvMember" xlink:label="KleimarNvMember" xlink:title="KleimarNvMember" xlink:type="locator"/>
    <label id="label_KleimarNvMember" xlink:label="label_KleimarNvMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_KleimarNvMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Kleimar Nv.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KleimarNvMember" xlink:title="label: KleimarNvMember to label_KleimarNvMember" xlink:to="label_KleimarNvMember" xlink:type="arc"/>
    <label id="label_KleimarNvMember_2" xlink:label="label_KleimarNvMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_KleimarNvMember" xlink:type="resource" xml:lang="en-US">Kleimar Nv [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KleimarNvMember" xlink:title="label: KleimarNvMember to label_KleimarNvMember" xlink:to="label_KleimarNvMember_2" xlink:type="arc"/>
    <label id="label_KleimarNvMember_3" xlink:label="label_KleimarNvMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_KleimarNvMember" xlink:type="resource" xml:lang="en-US">Kleimar N.V.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KleimarNvMember" xlink:title="label: KleimarNvMember to label_KleimarNvMember" xlink:to="label_KleimarNvMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_KohyliaShipmanagementIncMember" xlink:label="KohyliaShipmanagementIncMember" xlink:title="KohyliaShipmanagementIncMember" xlink:type="locator"/>
    <label id="label_KohyliaShipmanagementIncMember" xlink:label="label_KohyliaShipmanagementIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_KohyliaShipmanagementIncMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Kohylia Ship Management Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KohyliaShipmanagementIncMember" xlink:title="label: KohyliaShipmanagementIncMember to label_KohyliaShipmanagementIncMember" xlink:to="label_KohyliaShipmanagementIncMember" xlink:type="arc"/>
    <label id="label_KohyliaShipmanagementIncMember_2" xlink:label="label_KohyliaShipmanagementIncMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_KohyliaShipmanagementIncMember" xlink:type="resource" xml:lang="en-US">Kohylia Shipmanagement Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KohyliaShipmanagementIncMember" xlink:title="label: KohyliaShipmanagementIncMember to label_KohyliaShipmanagementIncMember" xlink:to="label_KohyliaShipmanagementIncMember_2" xlink:type="arc"/>
    <label id="label_KohyliaShipmanagementIncMember_3" xlink:label="label_KohyliaShipmanagementIncMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_KohyliaShipmanagementIncMember" xlink:type="resource" xml:lang="en-US">Kohylia Shipmanagement S.A.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KohyliaShipmanagementIncMember" xlink:title="label: KohyliaShipmanagementIncMember to label_KohyliaShipmanagementIncMember" xlink:to="label_KohyliaShipmanagementIncMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_KoreaLineAndPanOceanMember" xlink:label="KoreaLineAndPanOceanMember" xlink:title="KoreaLineAndPanOceanMember" xlink:type="locator"/>
    <label id="label_KoreaLineAndPanOceanMember" xlink:label="label_KoreaLineAndPanOceanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_KoreaLineAndPanOceanMember" xlink:type="resource" xml:lang="en-US">Korea Line And Pan Ocean [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KoreaLineAndPanOceanMember" xlink:title="label: KoreaLineAndPanOceanMember to label_KoreaLineAndPanOceanMember" xlink:to="label_KoreaLineAndPanOceanMember" xlink:type="arc"/>
    <label id="label_KoreaLineAndPanOceanMember_2" xlink:label="label_KoreaLineAndPanOceanMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_KoreaLineAndPanOceanMember" xlink:type="resource" xml:lang="en-US">KLC and STX</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KoreaLineAndPanOceanMember" xlink:title="label: KoreaLineAndPanOceanMember to label_KoreaLineAndPanOceanMember" xlink:to="label_KoreaLineAndPanOceanMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_KoreaLineCorporationMember" xlink:label="KoreaLineCorporationMember" xlink:title="KoreaLineCorporationMember" xlink:type="locator"/>
    <label id="label_KoreaLineCorporationMember" xlink:label="label_KoreaLineCorporationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_KoreaLineCorporationMember" xlink:type="resource" xml:lang="en-US">Korea Line Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KoreaLineCorporationMember" xlink:title="label: KoreaLineCorporationMember to label_KoreaLineCorporationMember" xlink:to="label_KoreaLineCorporationMember" xlink:type="arc"/>
    <label id="label_KoreaLineCorporationMember_2" xlink:label="label_KoreaLineCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_KoreaLineCorporationMember" xlink:type="resource" xml:lang="en-US">Korea Line Corporation (''KLC'')</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KoreaLineCorporationMember" xlink:title="label: KoreaLineCorporationMember to label_KoreaLineCorporationMember" xlink:to="label_KoreaLineCorporationMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_KyprosShippingCorporationMember" xlink:label="KyprosShippingCorporationMember" xlink:title="KyprosShippingCorporationMember" xlink:type="locator"/>
    <label id="label_KyprosShippingCorporationMember" xlink:label="label_KyprosShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_KyprosShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Kypros Shipping Corporation .</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KyprosShippingCorporationMember" xlink:title="label: KyprosShippingCorporationMember to label_KyprosShippingCorporationMember" xlink:to="label_KyprosShippingCorporationMember" xlink:type="arc"/>
    <label id="label_KyprosShippingCorporationMember_2" xlink:label="label_KyprosShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_KyprosShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Kypros Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KyprosShippingCorporationMember" xlink:title="label: KyprosShippingCorporationMember to label_KyprosShippingCorporationMember" xlink:to="label_KyprosShippingCorporationMember_2" xlink:type="arc"/>
    <label id="label_KyprosShippingCorporationMember_3" xlink:label="label_KyprosShippingCorporationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_KyprosShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Kypros Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KyprosShippingCorporationMember" xlink:title="label: KyprosShippingCorporationMember to label_KyprosShippingCorporationMember" xlink:to="label_KyprosShippingCorporationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LavenderShippingCorporationMember" xlink:label="LavenderShippingCorporationMember" xlink:title="LavenderShippingCorporationMember" xlink:type="locator"/>
    <label id="label_LavenderShippingCorporationMember" xlink:label="label_LavenderShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LavenderShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Lavender Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LavenderShippingCorporationMember" xlink:title="label: LavenderShippingCorporationMember to label_LavenderShippingCorporationMember" xlink:to="label_LavenderShippingCorporationMember" xlink:type="arc"/>
    <label id="label_LavenderShippingCorporationMember_2" xlink:label="label_LavenderShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LavenderShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Lavender Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LavenderShippingCorporationMember" xlink:title="label: LavenderShippingCorporationMember to label_LavenderShippingCorporationMember" xlink:to="label_LavenderShippingCorporationMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LeaseTerm" xlink:label="LeaseTerm" xlink:title="LeaseTerm" xlink:type="locator"/>
    <label id="label_LeaseTerm" xlink:label="label_LeaseTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LeaseTerm" xlink:type="resource" xml:lang="en-US">The period of the lease term.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseTerm" xlink:title="label: LeaseTerm to label_LeaseTerm" xlink:to="label_LeaseTerm" xlink:type="arc"/>
    <label id="label_LeaseTerm_2" xlink:label="label_LeaseTerm_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LeaseTerm" xlink:type="resource" xml:lang="en-US">Lease Term</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseTerm" xlink:title="label: LeaseTerm to label_LeaseTerm" xlink:to="label_LeaseTerm_2" xlink:type="arc"/>
    <label id="label_LeaseTerm_3" xlink:label="label_LeaseTerm_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LeaseTerm" xlink:type="resource" xml:lang="en-US">Lease term</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseTerm" xlink:title="label: LeaseTerm to label_LeaseTerm" xlink:to="label_LeaseTerm_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LineCreditFacilityArrangementFees" xlink:label="LineCreditFacilityArrangementFees" xlink:title="LineCreditFacilityArrangementFees" xlink:type="locator"/>
    <label id="label_LineCreditFacilityArrangementFees" xlink:label="label_LineCreditFacilityArrangementFees" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LineCreditFacilityArrangementFees" xlink:type="resource" xml:lang="en-US">Amount of the arrangement fees associated with the credit facility.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineCreditFacilityArrangementFees" xlink:title="label: LineCreditFacilityArrangementFees to label_LineCreditFacilityArrangementFees" xlink:to="label_LineCreditFacilityArrangementFees" xlink:type="arc"/>
    <label id="label_LineCreditFacilityArrangementFees_2" xlink:label="label_LineCreditFacilityArrangementFees_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineCreditFacilityArrangementFees" xlink:type="resource" xml:lang="en-US">Line Credit Facility Arrangement Fees</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineCreditFacilityArrangementFees" xlink:title="label: LineCreditFacilityArrangementFees to label_LineCreditFacilityArrangementFees" xlink:to="label_LineCreditFacilityArrangementFees_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LineOfCreditFacilityNumberOfRepaymentInstallment" xlink:label="LineOfCreditFacilityNumberOfRepaymentInstallment" xlink:title="LineOfCreditFacilityNumberOfRepaymentInstallment" xlink:type="locator"/>
    <label id="label_LineOfCreditFacilityNumberOfRepaymentInstallment" xlink:label="label_LineOfCreditFacilityNumberOfRepaymentInstallment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LineOfCreditFacilityNumberOfRepaymentInstallment" xlink:type="resource" xml:lang="en-US">Number of repayment installments of a credit facility agreement.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityNumberOfRepaymentInstallment" xlink:title="label: LineOfCreditFacilityNumberOfRepaymentInstallment to label_LineOfCreditFacilityNumberOfRepaymentInstallment" xlink:to="label_LineOfCreditFacilityNumberOfRepaymentInstallment" xlink:type="arc"/>
    <label id="label_LineOfCreditFacilityNumberOfRepaymentInstallment_2" xlink:label="label_LineOfCreditFacilityNumberOfRepaymentInstallment_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineOfCreditFacilityNumberOfRepaymentInstallment" xlink:type="resource" xml:lang="en-US">Line Of Credit Facility Number Of Repayment Installment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityNumberOfRepaymentInstallment" xlink:title="label: LineOfCreditFacilityNumberOfRepaymentInstallment to label_LineOfCreditFacilityNumberOfRepaymentInstallment" xlink:to="label_LineOfCreditFacilityNumberOfRepaymentInstallment_2" xlink:type="arc"/>
    <label id="label_LineOfCreditFacilityNumberOfRepaymentInstallment_3" xlink:label="label_LineOfCreditFacilityNumberOfRepaymentInstallment_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LineOfCreditFacilityNumberOfRepaymentInstallment" xlink:type="resource" xml:lang="en-US">Number of repayment installments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityNumberOfRepaymentInstallment" xlink:title="label: LineOfCreditFacilityNumberOfRepaymentInstallment to label_LineOfCreditFacilityNumberOfRepaymentInstallment" xlink:to="label_LineOfCreditFacilityNumberOfRepaymentInstallment_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LoanAmountPerTrancheCopy" xlink:label="LoanAmountPerTrancheCopy" xlink:title="LoanAmountPerTrancheCopy" xlink:type="locator"/>
    <label id="label_LoanAmountPerTrancheCopy" xlink:label="label_LoanAmountPerTrancheCopy" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LoanAmountPerTrancheCopy" xlink:type="resource" xml:lang="en-US">Audit fees and related services</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanAmountPerTrancheCopy" xlink:title="label: LoanAmountPerTrancheCopy to label_LoanAmountPerTrancheCopy" xlink:to="label_LoanAmountPerTrancheCopy" xlink:type="arc"/>
    <label id="label_LoanAmountPerTrancheCopy_2" xlink:label="label_LoanAmountPerTrancheCopy_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoanAmountPerTrancheCopy" xlink:type="resource" xml:lang="en-US">Loan amount per tranche</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanAmountPerTrancheCopy" xlink:title="label: LoanAmountPerTrancheCopy to label_LoanAmountPerTrancheCopy" xlink:to="label_LoanAmountPerTrancheCopy_2" xlink:type="arc"/>
    <label id="label_LoanAmountPerTrancheCopy_3" xlink:label="label_LoanAmountPerTrancheCopy_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoanAmountPerTrancheCopy" xlink:type="resource" xml:lang="en-US">Loan amount per tranche</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanAmountPerTrancheCopy" xlink:title="label: LoanAmountPerTrancheCopy to label_LoanAmountPerTrancheCopy" xlink:to="label_LoanAmountPerTrancheCopy_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LoanFacilityCreditAgricoleMember" xlink:label="LoanFacilityCreditAgricoleMember" xlink:title="LoanFacilityCreditAgricoleMember" xlink:type="locator"/>
    <label id="label_LoanFacilityCreditAgricoleMember" xlink:label="label_LoanFacilityCreditAgricoleMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoanFacilityCreditAgricoleMember" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanFacilityCreditAgricoleMember" xlink:title="label: LoanFacilityCreditAgricoleMember to label_LoanFacilityCreditAgricoleMember" xlink:to="label_LoanFacilityCreditAgricoleMember" xlink:type="arc"/>
    <label id="label_LoanFacilityCreditAgricoleMember_2" xlink:label="label_LoanFacilityCreditAgricoleMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoanFacilityCreditAgricoleMember" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($22,500)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanFacilityCreditAgricoleMember" xlink:title="label: LoanFacilityCreditAgricoleMember to label_LoanFacilityCreditAgricoleMember" xlink:to="label_LoanFacilityCreditAgricoleMember_2" xlink:type="arc"/>
    <label id="label_LoanFacilityCreditAgricoleMember_3" xlink:label="label_LoanFacilityCreditAgricoleMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LoanFacilityCreditAgricoleMember" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($22,500) to finance the acquisition of two Panamax Vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanFacilityCreditAgricoleMember" xlink:title="label: LoanFacilityCreditAgricoleMember to label_LoanFacilityCreditAgricoleMember" xlink:to="label_LoanFacilityCreditAgricoleMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LoanFacilityDVB40KMember" xlink:label="LoanFacilityDVB40KMember" xlink:title="LoanFacilityDVB40KMember" xlink:type="locator"/>
    <label id="label_LoanFacilityDVB40KMember" xlink:label="label_LoanFacilityDVB40KMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoanFacilityDVB40KMember" xlink:type="resource" xml:lang="en-US">Loan Facility DVB 40K [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanFacilityDVB40KMember" xlink:title="label: LoanFacilityDVB40KMember to label_LoanFacilityDVB40KMember" xlink:to="label_LoanFacilityDVB40KMember" xlink:type="arc"/>
    <label id="label_LoanFacilityDVB40KMember_2" xlink:label="label_LoanFacilityDVB40KMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoanFacilityDVB40KMember" xlink:type="resource" xml:lang="en-US">Loan Facility DVB Bank SE ($40,000)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanFacilityDVB40KMember" xlink:title="label: LoanFacilityDVB40KMember to label_LoanFacilityDVB40KMember" xlink:to="label_LoanFacilityDVB40KMember_2" xlink:type="arc"/>
    <label id="label_LoanFacilityDVB40KMember_3" xlink:label="label_LoanFacilityDVB40KMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LoanFacilityDVB40KMember" xlink:type="resource" xml:lang="en-US">Loan Facility DVB Bank SE ($40,000) to finance the acquisition of four Panamax vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanFacilityDVB40KMember" xlink:title="label: LoanFacilityDVB40KMember to label_LoanFacilityDVB40KMember" xlink:to="label_LoanFacilityDVB40KMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LoanFacilityHshNordbankCommerzbankMember" xlink:label="LoanFacilityHshNordbankCommerzbankMember" xlink:title="LoanFacilityHshNordbankCommerzbankMember" xlink:type="locator"/>
    <label id="label_LoanFacilityHshNordbankCommerzbankMember" xlink:label="label_LoanFacilityHshNordbankCommerzbankMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoanFacilityHshNordbankCommerzbankMember" xlink:type="resource" xml:lang="en-US">Loan Facility Hsh Nordbank Commerzbank [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanFacilityHshNordbankCommerzbankMember" xlink:title="label: LoanFacilityHshNordbankCommerzbankMember to label_LoanFacilityHshNordbankCommerzbankMember" xlink:to="label_LoanFacilityHshNordbankCommerzbankMember" xlink:type="arc"/>
    <label id="label_LoanFacilityHshNordbankCommerzbankMember_2" xlink:label="label_LoanFacilityHshNordbankCommerzbankMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoanFacilityHshNordbankCommerzbankMember" xlink:type="resource" xml:lang="en-US">Loan Facility HSH Nordbank and Commerzbank A.G.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanFacilityHshNordbankCommerzbankMember" xlink:title="label: LoanFacilityHshNordbankCommerzbankMember to label_LoanFacilityHshNordbankCommerzbankMember" xlink:to="label_LoanFacilityHshNordbankCommerzbankMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:label="LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:title="LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:type="locator"/>
    <label id="label_LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:label="label_LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Reflects the fair value of unpaid loan amounts due from related parties at the balance sheet date.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:title="label: LoansLeasesReceivableRelatedPartiesFairValueDisclosure to label_LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:to="label_LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:type="arc"/>
    <label id="label_LoansLeasesReceivableRelatedPartiesFairValueDisclosure_2" xlink:label="label_LoansLeasesReceivableRelatedPartiesFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Loans And Leases Receivable Related Parties Fair Value Disclosure</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:title="label: LoansLeasesReceivableRelatedPartiesFairValueDisclosure to label_LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:to="label_LoansLeasesReceivableRelatedPartiesFairValueDisclosure_2" xlink:type="arc"/>
    <label id="label_LoansLeasesReceivableRelatedPartiesFairValueDisclosure_3" xlink:label="label_LoansLeasesReceivableRelatedPartiesFairValueDisclosure_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Loan receivable from affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:title="label: LoansLeasesReceivableRelatedPartiesFairValueDisclosure to label_LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:to="label_LoansLeasesReceivableRelatedPartiesFairValueDisclosure_3" xlink:type="arc"/>
    <label id="label_LoansLeasesReceivableRelatedPartiesFairValueDisclosure_4" xlink:label="label_LoansLeasesReceivableRelatedPartiesFairValueDisclosure_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Loan receivable from affiliate companies - Fair Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:title="label: LoansLeasesReceivableRelatedPartiesFairValueDisclosure to label_LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:to="label_LoansLeasesReceivableRelatedPartiesFairValueDisclosure_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LoansPayableToBankFairValueDisclosure" xlink:label="LoansPayableToBankFairValueDisclosure" xlink:title="LoansPayableToBankFairValueDisclosure" xlink:type="locator"/>
    <label id="label_LoansPayableToBankFairValueDisclosure" xlink:label="label_LoansPayableToBankFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LoansPayableToBankFairValueDisclosure" xlink:type="resource" xml:lang="en-US">The fair value of the loans payable to bank.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansPayableToBankFairValueDisclosure" xlink:title="label: LoansPayableToBankFairValueDisclosure to label_LoansPayableToBankFairValueDisclosure" xlink:to="label_LoansPayableToBankFairValueDisclosure" xlink:type="arc"/>
    <label id="label_LoansPayableToBankFairValueDisclosure_2" xlink:label="label_LoansPayableToBankFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoansPayableToBankFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Loans Payable To Bank Fair Value Disclosure</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansPayableToBankFairValueDisclosure" xlink:title="label: LoansPayableToBankFairValueDisclosure to label_LoansPayableToBankFairValueDisclosure" xlink:to="label_LoansPayableToBankFairValueDisclosure_2" xlink:type="arc"/>
    <label id="label_LoansPayableToBankFairValueDisclosure_3" xlink:label="label_LoansPayableToBankFairValueDisclosure_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoansPayableToBankFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Long-term debt, including current portion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansPayableToBankFairValueDisclosure" xlink:title="label: LoansPayableToBankFairValueDisclosure to label_LoansPayableToBankFairValueDisclosure" xlink:to="label_LoansPayableToBankFairValueDisclosure_3" xlink:type="arc"/>
    <label id="label_LoansPayableToBankFairValueDisclosure_4" xlink:label="label_LoansPayableToBankFairValueDisclosure_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LoansPayableToBankFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Long-term debt, including current portion - Fair Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansPayableToBankFairValueDisclosure" xlink:title="label: LoansPayableToBankFairValueDisclosure to label_LoansPayableToBankFairValueDisclosure" xlink:to="label_LoansPayableToBankFairValueDisclosure_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LogisticBusinessMember" xlink:label="LogisticBusinessMember" xlink:title="LogisticBusinessMember" xlink:type="locator"/>
    <label id="label_LogisticBusinessMember" xlink:label="label_LogisticBusinessMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LogisticBusinessMember" xlink:type="resource" xml:lang="en-US">Logistic Business [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LogisticBusinessMember" xlink:title="label: LogisticBusinessMember to label_LogisticBusinessMember" xlink:to="label_LogisticBusinessMember" xlink:type="arc"/>
    <label id="label_LogisticBusinessMember_2" xlink:label="label_LogisticBusinessMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LogisticBusinessMember" xlink:type="resource" xml:lang="en-US">Logistics Business</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LogisticBusinessMember" xlink:title="label: LogisticBusinessMember to label_LogisticBusinessMember" xlink:to="label_LogisticBusinessMember_2" xlink:type="arc"/>
    <label id="label_LogisticBusinessMember_3" xlink:label="label_LogisticBusinessMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LogisticBusinessMember" xlink:type="resource" xml:lang="en-US">Logistic Business</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LogisticBusinessMember" xlink:title="label: LogisticBusinessMember to label_LogisticBusinessMember" xlink:to="label_LogisticBusinessMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LogisticsBusiness2Member" xlink:label="LogisticsBusiness2Member" xlink:title="LogisticsBusiness2Member" xlink:type="locator"/>
    <label id="label_LogisticsBusiness2Member" xlink:label="label_LogisticsBusiness2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LogisticsBusiness2Member" xlink:type="resource" xml:lang="en-US">Logistics Business2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LogisticsBusiness2Member" xlink:title="label: LogisticsBusiness2Member to label_LogisticsBusiness2Member" xlink:to="label_LogisticsBusiness2Member" xlink:type="arc"/>
    <label id="label_LogisticsBusiness2Member_2" xlink:label="label_LogisticsBusiness2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LogisticsBusiness2Member" xlink:type="resource" xml:lang="en-US">Logistics Business</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LogisticsBusiness2Member" xlink:title="label: LogisticsBusiness2Member to label_LogisticsBusiness2Member" xlink:to="label_LogisticsBusiness2Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LogisticsBusinessMember" xlink:label="LogisticsBusinessMember" xlink:title="LogisticsBusinessMember" xlink:type="locator"/>
    <label id="label_LogisticsBusinessMember" xlink:label="label_LogisticsBusinessMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LogisticsBusinessMember" xlink:type="resource" xml:lang="en-US">Logistics Business [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LogisticsBusinessMember" xlink:title="label: LogisticsBusinessMember to label_LogisticsBusinessMember" xlink:to="label_LogisticsBusinessMember" xlink:type="arc"/>
    <label id="label_LogisticsBusinessMember_2" xlink:label="label_LogisticsBusinessMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LogisticsBusinessMember" xlink:type="resource" xml:lang="en-US">Logistics Business</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LogisticsBusinessMember" xlink:title="label: LogisticsBusinessMember to label_LogisticsBusinessMember" xlink:to="label_LogisticsBusinessMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent" xlink:label="LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent" xlink:title="LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent" xlink:type="locator"/>
    <label id="label_LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent" xlink:label="label_LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent" xlink:type="resource" xml:lang="en-US">Amount of long-term debt, before unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans, commercial paper and the current portion of debt issuance costs. Excludes capital lease obligations.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent" xlink:title="label: LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent to label_LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent" xlink:to="label_LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent" xlink:type="arc"/>
    <label id="label_LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent_3" xlink:label="label_LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent" xlink:type="resource" xml:lang="en-US">Long Term Debt Current Including Debt Issuance Costs Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent" xlink:title="label: LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent to label_LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent" xlink:to="label_LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent_2" xlink:type="arc"/>
    <label id="label_LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent_2" xlink:label="label_LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent" xlink:type="resource" xml:lang="en-US">Less: deferred finance costs, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent" xlink:title="label: LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent to label_LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent" xlink:to="label_LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo" xlink:label="LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo" xlink:type="locator"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo_3" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo" xlink:type="resource" xml:lang="en-US">Fiscal year that the original amount of principal payment was deferred to.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo to label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo" xlink:type="resource" xml:lang="en-US">Long Term Debt Maturities Repayments Of Principal Fiscal Year Deferred To</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo to label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo_2" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo_2" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo" xlink:type="resource" xml:lang="en-US">Principal payments deferred</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo to label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred" xlink:label="LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred" xlink:type="locator"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred_3" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred" xlink:type="resource" xml:lang="en-US">Amount of long term debt payable maturing in the next fiscal year, agreed to be deferred.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred to label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred" xlink:type="resource" xml:lang="en-US">Long Term Debt Maturities Repayments Of Principal In Next Twelve Months Amount Deferred</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred to label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred_2" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred_2" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred" xlink:type="resource" xml:lang="en-US">Principal payments agreed to be deferred</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred to label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LongTermPayableToAffiliateCompaniesFairValueDisclosure" xlink:label="LongTermPayableToAffiliateCompaniesFairValueDisclosure" xlink:title="LongTermPayableToAffiliateCompaniesFairValueDisclosure" xlink:type="locator"/>
    <label id="label_LongTermPayableToAffiliateCompaniesFairValueDisclosure" xlink:label="label_LongTermPayableToAffiliateCompaniesFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LongTermPayableToAffiliateCompaniesFairValueDisclosure" xlink:type="resource" xml:lang="en-US">The fair value of receivables due to an entity that is affiliated with the reporting entity by means of direct or indirect ownership, due after 1 year (or 1 business cycle).</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermPayableToAffiliateCompaniesFairValueDisclosure" xlink:title="label: LongTermPayableToAffiliateCompaniesFairValueDisclosure to label_LongTermPayableToAffiliateCompaniesFairValueDisclosure" xlink:to="label_LongTermPayableToAffiliateCompaniesFairValueDisclosure" xlink:type="arc"/>
    <label id="label_LongTermPayableToAffiliateCompaniesFairValueDisclosure_2" xlink:label="label_LongTermPayableToAffiliateCompaniesFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermPayableToAffiliateCompaniesFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Long Term Payable To Affiliate Companies Fair Value Disclosure</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermPayableToAffiliateCompaniesFairValueDisclosure" xlink:title="label: LongTermPayableToAffiliateCompaniesFairValueDisclosure to label_LongTermPayableToAffiliateCompaniesFairValueDisclosure" xlink:to="label_LongTermPayableToAffiliateCompaniesFairValueDisclosure_2" xlink:type="arc"/>
    <label id="label_LongTermPayableToAffiliateCompaniesFairValueDisclosure_3" xlink:label="label_LongTermPayableToAffiliateCompaniesFairValueDisclosure_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermPayableToAffiliateCompaniesFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Long-term payable to affiliate companies - Fair Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermPayableToAffiliateCompaniesFairValueDisclosure" xlink:title="label: LongTermPayableToAffiliateCompaniesFairValueDisclosure to label_LongTermPayableToAffiliateCompaniesFairValueDisclosure" xlink:to="label_LongTermPayableToAffiliateCompaniesFairValueDisclosure_3" xlink:type="arc"/>
    <label id="label_LongTermPayableToAffiliateCompaniesFairValueDisclosure_4" xlink:label="label_LongTermPayableToAffiliateCompaniesFairValueDisclosure_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LongTermPayableToAffiliateCompaniesFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Long-term payable to affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermPayableToAffiliateCompaniesFairValueDisclosure" xlink:title="label: LongTermPayableToAffiliateCompaniesFairValueDisclosure to label_LongTermPayableToAffiliateCompaniesFairValueDisclosure" xlink:to="label_LongTermPayableToAffiliateCompaniesFairValueDisclosure_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_Lr1ProductTankerMember" xlink:label="Lr1ProductTankerMember" xlink:title="Lr1ProductTankerMember" xlink:type="locator"/>
    <label id="label_Lr1ProductTankerMember" xlink:label="label_Lr1ProductTankerMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Lr1ProductTankerMember" xlink:type="resource" xml:lang="en-US">Lr1 Product Tanker [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Lr1ProductTankerMember" xlink:title="label: Lr1ProductTankerMember to label_Lr1ProductTankerMember" xlink:to="label_Lr1ProductTankerMember" xlink:type="arc"/>
    <label id="label_Lr1ProductTankerMember_2" xlink:label="label_Lr1ProductTankerMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Lr1ProductTankerMember" xlink:type="resource" xml:lang="en-US">LR1 product tanker vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Lr1ProductTankerMember" xlink:title="label: Lr1ProductTankerMember to label_Lr1ProductTankerMember" xlink:to="label_Lr1ProductTankerMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_MR2AndLR1AndVLCCMember" xlink:label="MR2AndLR1AndVLCCMember" xlink:title="MR2AndLR1AndVLCCMember" xlink:type="locator"/>
    <label id="label_MR2AndLR1AndVLCCMember" xlink:label="label_MR2AndLR1AndVLCCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MR2AndLR1AndVLCCMember" xlink:type="resource" xml:lang="en-US">MR2 And LR1 And VLCC [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MR2AndLR1AndVLCCMember" xlink:title="label: MR2AndLR1AndVLCCMember to label_MR2AndLR1AndVLCCMember" xlink:to="label_MR2AndLR1AndVLCCMember" xlink:type="arc"/>
    <label id="label_MR2AndLR1AndVLCCMember_2" xlink:label="label_MR2AndLR1AndVLCCMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MR2AndLR1AndVLCCMember" xlink:type="resource" xml:lang="en-US">MR2, LR1 and VLCC vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MR2AndLR1AndVLCCMember" xlink:title="label: MR2AndLR1AndVLCCMember to label_MR2AndLR1AndVLCCMember" xlink:to="label_MR2AndLR1AndVLCCMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_MagellanShippingCorporationMember" xlink:label="MagellanShippingCorporationMember" xlink:title="MagellanShippingCorporationMember" xlink:type="locator"/>
    <label id="label_MagellanShippingCorporationMember" xlink:label="label_MagellanShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MagellanShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Magellan Shipping Corporation.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MagellanShippingCorporationMember" xlink:title="label: MagellanShippingCorporationMember to label_MagellanShippingCorporationMember" xlink:to="label_MagellanShippingCorporationMember" xlink:type="arc"/>
    <label id="label_MagellanShippingCorporationMember_2" xlink:label="label_MagellanShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MagellanShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Magellan Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MagellanShippingCorporationMember" xlink:title="label: MagellanShippingCorporationMember to label_MagellanShippingCorporationMember" xlink:to="label_MagellanShippingCorporationMember_2" xlink:type="arc"/>
    <label id="label_MagellanShippingCorporationMember_3" xlink:label="label_MagellanShippingCorporationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MagellanShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Magellan Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MagellanShippingCorporationMember" xlink:title="label: MagellanShippingCorporationMember to label_MagellanShippingCorporationMember" xlink:to="label_MagellanShippingCorporationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ManagementAgreementMember" xlink:label="ManagementAgreementMember" xlink:title="ManagementAgreementMember" xlink:type="locator"/>
    <label id="label_ManagementAgreementMember" xlink:label="label_ManagementAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ManagementAgreementMember" xlink:type="resource" xml:lang="en-US">Management Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementAgreementMember" xlink:title="label: ManagementAgreementMember to label_ManagementAgreementMember" xlink:to="label_ManagementAgreementMember" xlink:type="arc"/>
    <label id="label_ManagementAgreementMember_2" xlink:label="label_ManagementAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ManagementAgreementMember" xlink:type="resource" xml:lang="en-US">Management agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementAgreementMember" xlink:title="label: ManagementAgreementMember to label_ManagementAgreementMember" xlink:to="label_ManagementAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ManagementAgreementTermInYears" xlink:label="ManagementAgreementTermInYears" xlink:title="ManagementAgreementTermInYears" xlink:type="locator"/>
    <label id="label_ManagementAgreementTermInYears" xlink:label="label_ManagementAgreementTermInYears" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ManagementAgreementTermInYears" xlink:type="resource" xml:lang="en-US">The period of the management agreement.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementAgreementTermInYears" xlink:title="label: ManagementAgreementTermInYears to label_ManagementAgreementTermInYears" xlink:to="label_ManagementAgreementTermInYears" xlink:type="arc"/>
    <label id="label_ManagementAgreementTermInYears_2" xlink:label="label_ManagementAgreementTermInYears_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ManagementAgreementTermInYears" xlink:type="resource" xml:lang="en-US">Management Agreement Term In Years</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementAgreementTermInYears" xlink:title="label: ManagementAgreementTermInYears to label_ManagementAgreementTermInYears" xlink:to="label_ManagementAgreementTermInYears_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ManagementFeeAnnualRate" xlink:label="ManagementFeeAnnualRate" xlink:title="ManagementFeeAnnualRate" xlink:type="locator"/>
    <label id="label_ManagementFeeAnnualRate" xlink:label="label_ManagementFeeAnnualRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ManagementFeeAnnualRate" xlink:type="resource" xml:lang="en-US">The annual fees according to contract terms.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementFeeAnnualRate" xlink:title="label: ManagementFeeAnnualRate to label_ManagementFeeAnnualRate" xlink:to="label_ManagementFeeAnnualRate" xlink:type="arc"/>
    <label id="label_ManagementFeeAnnualRate_2" xlink:label="label_ManagementFeeAnnualRate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ManagementFeeAnnualRate" xlink:type="resource" xml:lang="en-US">Management Fee Annual Rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementFeeAnnualRate" xlink:title="label: ManagementFeeAnnualRate to label_ManagementFeeAnnualRate" xlink:to="label_ManagementFeeAnnualRate_2" xlink:type="arc"/>
    <label id="label_ManagementFeeAnnualRate_3" xlink:label="label_ManagementFeeAnnualRate_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ManagementFeeAnnualRate" xlink:type="resource" xml:lang="en-US">Total management fees</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementFeeAnnualRate" xlink:title="label: ManagementFeeAnnualRate to label_ManagementFeeAnnualRate" xlink:to="label_ManagementFeeAnnualRate_3" xlink:type="arc"/>
    <label id="label_ManagementFeeAnnualRate_4" xlink:label="label_ManagementFeeAnnualRate_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ManagementFeeAnnualRate" xlink:type="resource" xml:lang="en-US">Annual fee received</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementFeeAnnualRate" xlink:title="label: ManagementFeeAnnualRate to label_ManagementFeeAnnualRate" xlink:to="label_ManagementFeeAnnualRate_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ManagementFeeDailyRate" xlink:label="ManagementFeeDailyRate" xlink:title="ManagementFeeDailyRate" xlink:type="locator"/>
    <label id="label_ManagementFeeDailyRate" xlink:label="label_ManagementFeeDailyRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ManagementFeeDailyRate" xlink:type="resource" xml:lang="en-US">The amount received as daily management fee.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementFeeDailyRate" xlink:title="label: ManagementFeeDailyRate to label_ManagementFeeDailyRate" xlink:to="label_ManagementFeeDailyRate" xlink:type="arc"/>
    <label id="label_ManagementFeeDailyRate_2" xlink:label="label_ManagementFeeDailyRate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ManagementFeeDailyRate" xlink:type="resource" xml:lang="en-US">Management Fee Daily Rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementFeeDailyRate" xlink:title="label: ManagementFeeDailyRate to label_ManagementFeeDailyRate" xlink:to="label_ManagementFeeDailyRate_2" xlink:type="arc"/>
    <label id="label_ManagementFeeDailyRate_3" xlink:label="label_ManagementFeeDailyRate_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ManagementFeeDailyRate" xlink:type="resource" xml:lang="en-US">Daily management fee</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementFeeDailyRate" xlink:title="label: ManagementFeeDailyRate to label_ManagementFeeDailyRate" xlink:to="label_ManagementFeeDailyRate_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_MandoraShippingLtdMember" xlink:label="MandoraShippingLtdMember" xlink:title="MandoraShippingLtdMember" xlink:type="locator"/>
    <label id="label_MandoraShippingLtdMember" xlink:label="label_MandoraShippingLtdMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MandoraShippingLtdMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Mandora Shipping.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MandoraShippingLtdMember" xlink:title="label: MandoraShippingLtdMember to label_MandoraShippingLtdMember" xlink:to="label_MandoraShippingLtdMember" xlink:type="arc"/>
    <label id="label_MandoraShippingLtdMember_2" xlink:label="label_MandoraShippingLtdMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MandoraShippingLtdMember" xlink:type="resource" xml:lang="en-US">Mandora Shipping Ltd [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MandoraShippingLtdMember" xlink:title="label: MandoraShippingLtdMember to label_MandoraShippingLtdMember" xlink:to="label_MandoraShippingLtdMember_2" xlink:type="arc"/>
    <label id="label_MandoraShippingLtdMember_3" xlink:label="label_MandoraShippingLtdMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MandoraShippingLtdMember" xlink:type="resource" xml:lang="en-US">Mandora Shipping Ltd</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MandoraShippingLtdMember" xlink:title="label: MandoraShippingLtdMember to label_MandoraShippingLtdMember" xlink:to="label_MandoraShippingLtdMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_MauveInternationalSaMember" xlink:label="MauveInternationalSaMember" xlink:title="MauveInternationalSaMember" xlink:type="locator"/>
    <label id="label_MauveInternationalSaMember" xlink:label="label_MauveInternationalSaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MauveInternationalSaMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Mauve International SA.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MauveInternationalSaMember" xlink:title="label: MauveInternationalSaMember to label_MauveInternationalSaMember" xlink:to="label_MauveInternationalSaMember" xlink:type="arc"/>
    <label id="label_MauveInternationalSaMember_2" xlink:label="label_MauveInternationalSaMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MauveInternationalSaMember" xlink:type="resource" xml:lang="en-US">Mauve International Sa [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MauveInternationalSaMember" xlink:title="label: MauveInternationalSaMember to label_MauveInternationalSaMember" xlink:to="label_MauveInternationalSaMember_2" xlink:type="arc"/>
    <label id="label_MauveInternationalSaMember_3" xlink:label="label_MauveInternationalSaMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MauveInternationalSaMember" xlink:type="resource" xml:lang="en-US">Mauve International S.A.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MauveInternationalSaMember" xlink:title="label: MauveInternationalSaMember to label_MauveInternationalSaMember" xlink:to="label_MauveInternationalSaMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_MaximumDividendPercentage" xlink:label="MaximumDividendPercentage" xlink:title="MaximumDividendPercentage" xlink:type="locator"/>
    <label id="label_MaximumDividendPercentage" xlink:label="label_MaximumDividendPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaximumDividendPercentage" xlink:type="resource" xml:lang="en-US">Maximum dividend percentage based on the net proceeds received or contributed to the company in or from any public offering.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumDividendPercentage" xlink:title="label: MaximumDividendPercentage to label_MaximumDividendPercentage" xlink:to="label_MaximumDividendPercentage" xlink:type="arc"/>
    <label id="label_MaximumDividendPercentage_2" xlink:label="label_MaximumDividendPercentage_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaximumDividendPercentage" xlink:type="resource" xml:lang="en-US">Maximum Dividend Percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumDividendPercentage" xlink:title="label: MaximumDividendPercentage to label_MaximumDividendPercentage" xlink:to="label_MaximumDividendPercentage_2" xlink:type="arc"/>
    <label id="label_MaximumDividendPercentage_3" xlink:label="label_MaximumDividendPercentage_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaximumDividendPercentage" xlink:type="resource" xml:lang="en-US">Maximum dividend percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumDividendPercentage" xlink:title="label: MaximumDividendPercentage to label_MaximumDividendPercentage" xlink:to="label_MaximumDividendPercentage_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_MercatorShippingCorporationMember" xlink:label="MercatorShippingCorporationMember" xlink:title="MercatorShippingCorporationMember" xlink:type="locator"/>
    <label id="label_MercatorShippingCorporationMember" xlink:label="label_MercatorShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MercatorShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Mercator Shipping Corporation.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MercatorShippingCorporationMember" xlink:title="label: MercatorShippingCorporationMember to label_MercatorShippingCorporationMember" xlink:to="label_MercatorShippingCorporationMember" xlink:type="arc"/>
    <label id="label_MercatorShippingCorporationMember_2" xlink:label="label_MercatorShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MercatorShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Mercator Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MercatorShippingCorporationMember" xlink:title="label: MercatorShippingCorporationMember to label_MercatorShippingCorporationMember" xlink:to="label_MercatorShippingCorporationMember_2" xlink:type="arc"/>
    <label id="label_MercatorShippingCorporationMember_3" xlink:label="label_MercatorShippingCorporationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MercatorShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Mercator Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MercatorShippingCorporationMember" xlink:title="label: MercatorShippingCorporationMember to label_MercatorShippingCorporationMember" xlink:to="label_MercatorShippingCorporationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_MergeSubsidiariesNaviosLogisticsMember" xlink:label="MergeSubsidiariesNaviosLogisticsMember" xlink:title="MergeSubsidiariesNaviosLogisticsMember" xlink:type="locator"/>
    <label id="label_MergeSubsidiariesNaviosLogisticsMember" xlink:label="label_MergeSubsidiariesNaviosLogisticsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MergeSubsidiariesNaviosLogisticsMember" xlink:type="resource" xml:lang="en-US">Merge of subsidiaries of Navios Logistics [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MergeSubsidiariesNaviosLogisticsMember" xlink:title="label: MergeSubsidiariesNaviosLogisticsMember to label_MergeSubsidiariesNaviosLogisticsMember" xlink:to="label_MergeSubsidiariesNaviosLogisticsMember" xlink:type="arc"/>
    <label id="label_MergeSubsidiariesNaviosLogisticsMember_2" xlink:label="label_MergeSubsidiariesNaviosLogisticsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MergeSubsidiariesNaviosLogisticsMember" xlink:type="resource" xml:lang="en-US">Merge of subsidiaries of Navios Logistics</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MergeSubsidiariesNaviosLogisticsMember" xlink:title="label: MergeSubsidiariesNaviosLogisticsMember to label_MergeSubsidiariesNaviosLogisticsMember" xlink:to="label_MergeSubsidiariesNaviosLogisticsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_MeridianShippingEnterprisesIncMember" xlink:label="MeridianShippingEnterprisesIncMember" xlink:title="MeridianShippingEnterprisesIncMember" xlink:type="locator"/>
    <label id="label_MeridianShippingEnterprisesIncMember" xlink:label="label_MeridianShippingEnterprisesIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MeridianShippingEnterprisesIncMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Meridian Shipping Enterprises Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MeridianShippingEnterprisesIncMember" xlink:title="label: MeridianShippingEnterprisesIncMember to label_MeridianShippingEnterprisesIncMember" xlink:to="label_MeridianShippingEnterprisesIncMember" xlink:type="arc"/>
    <label id="label_MeridianShippingEnterprisesIncMember_2" xlink:label="label_MeridianShippingEnterprisesIncMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MeridianShippingEnterprisesIncMember" xlink:type="resource" xml:lang="en-US">Meridian Shipping Enterprises Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MeridianShippingEnterprisesIncMember" xlink:title="label: MeridianShippingEnterprisesIncMember to label_MeridianShippingEnterprisesIncMember" xlink:to="label_MeridianShippingEnterprisesIncMember_2" xlink:type="arc"/>
    <label id="label_MeridianShippingEnterprisesIncMember_3" xlink:label="label_MeridianShippingEnterprisesIncMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MeridianShippingEnterprisesIncMember" xlink:type="resource" xml:lang="en-US">Meridian Shipping Enterprises Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MeridianShippingEnterprisesIncMember" xlink:title="label: MeridianShippingEnterprisesIncMember to label_MeridianShippingEnterprisesIncMember" xlink:to="label_MeridianShippingEnterprisesIncMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_MinimumAmountOfImportedCurrencyForAnnualContribution" xlink:label="MinimumAmountOfImportedCurrencyForAnnualContribution" xlink:title="MinimumAmountOfImportedCurrencyForAnnualContribution" xlink:type="locator"/>
    <label id="label_MinimumAmountOfImportedCurrencyForAnnualContribution" xlink:label="label_MinimumAmountOfImportedCurrencyForAnnualContribution" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MinimumAmountOfImportedCurrencyForAnnualContribution" xlink:type="resource" xml:lang="en-US">Amount of contribution imposed on the total amount of imported foreign exchange.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumAmountOfImportedCurrencyForAnnualContribution" xlink:title="label: MinimumAmountOfImportedCurrencyForAnnualContribution to label_MinimumAmountOfImportedCurrencyForAnnualContribution" xlink:to="label_MinimumAmountOfImportedCurrencyForAnnualContribution" xlink:type="arc"/>
    <label id="label_MinimumAmountOfImportedCurrencyForAnnualContribution_2" xlink:label="label_MinimumAmountOfImportedCurrencyForAnnualContribution_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinimumAmountOfImportedCurrencyForAnnualContribution" xlink:type="resource" xml:lang="en-US">Minimum Amount Of Imported Currency For Annual Contribution</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumAmountOfImportedCurrencyForAnnualContribution" xlink:title="label: MinimumAmountOfImportedCurrencyForAnnualContribution to label_MinimumAmountOfImportedCurrencyForAnnualContribution" xlink:to="label_MinimumAmountOfImportedCurrencyForAnnualContribution_2" xlink:type="arc"/>
    <label id="label_MinimumAmountOfImportedCurrencyForAnnualContribution_3" xlink:label="label_MinimumAmountOfImportedCurrencyForAnnualContribution_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinimumAmountOfImportedCurrencyForAnnualContribution" xlink:type="resource" xml:lang="en-US">Contribution on imported foreign exchange</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumAmountOfImportedCurrencyForAnnualContribution" xlink:title="label: MinimumAmountOfImportedCurrencyForAnnualContribution to label_MinimumAmountOfImportedCurrencyForAnnualContribution" xlink:to="label_MinimumAmountOfImportedCurrencyForAnnualContribution_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_MotivaTradingLtdMember" xlink:label="MotivaTradingLtdMember" xlink:title="MotivaTradingLtdMember" xlink:type="locator"/>
    <label id="label_MotivaTradingLtdMember" xlink:label="label_MotivaTradingLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MotivaTradingLtdMember" xlink:type="resource" xml:lang="en-US">Motiva Trading Ltd [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MotivaTradingLtdMember" xlink:title="label: MotivaTradingLtdMember to label_MotivaTradingLtdMember" xlink:to="label_MotivaTradingLtdMember" xlink:type="arc"/>
    <label id="label_MotivaTradingLtdMember_2" xlink:label="label_MotivaTradingLtdMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MotivaTradingLtdMember" xlink:type="resource" xml:lang="en-US">Motiva Trading Ltd.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MotivaTradingLtdMember" xlink:title="label: MotivaTradingLtdMember to label_MotivaTradingLtdMember" xlink:to="label_MotivaTradingLtdMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_Mr2ProductTankerChemicalTankerMember" xlink:label="Mr2ProductTankerChemicalTankerMember" xlink:title="Mr2ProductTankerChemicalTankerMember" xlink:type="locator"/>
    <label id="label_Mr2ProductTankerChemicalTankerMember" xlink:label="label_Mr2ProductTankerChemicalTankerMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Mr2ProductTankerChemicalTankerMember" xlink:type="resource" xml:lang="en-US">Mr2 Product Tanker Chemical Tanker [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Mr2ProductTankerChemicalTankerMember" xlink:title="label: Mr2ProductTankerChemicalTankerMember to label_Mr2ProductTankerChemicalTankerMember" xlink:to="label_Mr2ProductTankerChemicalTankerMember" xlink:type="arc"/>
    <label id="label_Mr2ProductTankerChemicalTankerMember_2" xlink:label="label_Mr2ProductTankerChemicalTankerMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Mr2ProductTankerChemicalTankerMember" xlink:type="resource" xml:lang="en-US">MR2 product tanker and chemical tanker vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Mr2ProductTankerChemicalTankerMember" xlink:title="label: Mr2ProductTankerChemicalTankerMember to label_Mr2ProductTankerChemicalTankerMember" xlink:to="label_Mr2ProductTankerChemicalTankerMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_Mr2ProductTankerMember" xlink:label="Mr2ProductTankerMember" xlink:title="Mr2ProductTankerMember" xlink:type="locator"/>
    <label id="label_Mr2ProductTankerMember" xlink:label="label_Mr2ProductTankerMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Mr2ProductTankerMember" xlink:type="resource" xml:lang="en-US">Mr2 Product Tanker [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Mr2ProductTankerMember" xlink:title="label: Mr2ProductTankerMember to label_Mr2ProductTankerMember" xlink:to="label_Mr2ProductTankerMember" xlink:type="arc"/>
    <label id="label_Mr2ProductTankerMember_2" xlink:label="label_Mr2ProductTankerMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Mr2ProductTankerMember" xlink:type="resource" xml:lang="en-US">MR2 product tanker</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Mr2ProductTankerMember" xlink:title="label: Mr2ProductTankerMember to label_Mr2ProductTankerMember" xlink:to="label_Mr2ProductTankerMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NavHoldingsLimitedMember" xlink:label="NavHoldingsLimitedMember" xlink:title="NavHoldingsLimitedMember" xlink:type="locator"/>
    <label id="label_NavHoldingsLimitedMember" xlink:label="label_NavHoldingsLimitedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NavHoldingsLimitedMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Nav Holdings Limited.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NavHoldingsLimitedMember" xlink:title="label: NavHoldingsLimitedMember to label_NavHoldingsLimitedMember" xlink:to="label_NavHoldingsLimitedMember" xlink:type="arc"/>
    <label id="label_NavHoldingsLimitedMember_2" xlink:label="label_NavHoldingsLimitedMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NavHoldingsLimitedMember" xlink:type="resource" xml:lang="en-US">Nav Holdings Limited [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NavHoldingsLimitedMember" xlink:title="label: NavHoldingsLimitedMember to label_NavHoldingsLimitedMember" xlink:to="label_NavHoldingsLimitedMember_2" xlink:type="arc"/>
    <label id="label_NavHoldingsLimitedMember_3" xlink:label="label_NavHoldingsLimitedMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NavHoldingsLimitedMember" xlink:type="resource" xml:lang="en-US">NAV Holdings Limited</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NavHoldingsLimitedMember" xlink:title="label: NavHoldingsLimitedMember to label_NavHoldingsLimitedMember" xlink:to="label_NavHoldingsLimitedMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NavimaxCorporationMember" xlink:label="NavimaxCorporationMember" xlink:title="NavimaxCorporationMember" xlink:type="locator"/>
    <label id="label_NavimaxCorporationMember" xlink:label="label_NavimaxCorporationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NavimaxCorporationMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Navimax Corporation.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NavimaxCorporationMember" xlink:title="label: NavimaxCorporationMember to label_NavimaxCorporationMember" xlink:to="label_NavimaxCorporationMember" xlink:type="arc"/>
    <label id="label_NavimaxCorporationMember_2" xlink:label="label_NavimaxCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NavimaxCorporationMember" xlink:type="resource" xml:lang="en-US">Navimax Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NavimaxCorporationMember" xlink:title="label: NavimaxCorporationMember to label_NavimaxCorporationMember" xlink:to="label_NavimaxCorporationMember_2" xlink:type="arc"/>
    <label id="label_NavimaxCorporationMember_3" xlink:label="label_NavimaxCorporationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NavimaxCorporationMember" xlink:type="resource" xml:lang="en-US">Navimax Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NavimaxCorporationMember" xlink:title="label: NavimaxCorporationMember to label_NavimaxCorporationMember" xlink:to="label_NavimaxCorporationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosAcquisition3Member" xlink:label="NaviosAcquisition3Member" xlink:title="NaviosAcquisition3Member" xlink:type="locator"/>
    <label id="label_NaviosAcquisition3Member" xlink:label="label_NaviosAcquisition3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosAcquisition3Member" xlink:type="resource" xml:lang="en-US">Navios Acquisition3 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAcquisition3Member" xlink:title="label: NaviosAcquisition3Member to label_NaviosAcquisition3Member" xlink:to="label_NaviosAcquisition3Member" xlink:type="arc"/>
    <label id="label_NaviosAcquisition3Member_2" xlink:label="label_NaviosAcquisition3Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosAcquisition3Member" xlink:type="resource" xml:lang="en-US">Navios Acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAcquisition3Member" xlink:title="label: NaviosAcquisition3Member to label_NaviosAcquisition3Member" xlink:to="label_NaviosAcquisition3Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosAcquisition4Member" xlink:label="NaviosAcquisition4Member" xlink:title="NaviosAcquisition4Member" xlink:type="locator"/>
    <label id="label_NaviosAcquisition4Member" xlink:label="label_NaviosAcquisition4Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosAcquisition4Member" xlink:type="resource" xml:lang="en-US">Navios Acquisition4 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAcquisition4Member" xlink:title="label: NaviosAcquisition4Member to label_NaviosAcquisition4Member" xlink:to="label_NaviosAcquisition4Member" xlink:type="arc"/>
    <label id="label_NaviosAcquisition4Member_2" xlink:label="label_NaviosAcquisition4Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosAcquisition4Member" xlink:type="resource" xml:lang="en-US">Navios Acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAcquisition4Member" xlink:title="label: NaviosAcquisition4Member to label_NaviosAcquisition4Member" xlink:to="label_NaviosAcquisition4Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosAcquisition6Member" xlink:label="NaviosAcquisition6Member" xlink:title="NaviosAcquisition6Member" xlink:type="locator"/>
    <label id="label_NaviosAcquisition6Member" xlink:label="label_NaviosAcquisition6Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosAcquisition6Member" xlink:type="resource" xml:lang="en-US">Navios Acquisition 6 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAcquisition6Member" xlink:title="label: NaviosAcquisition6Member to label_NaviosAcquisition6Member" xlink:to="label_NaviosAcquisition6Member" xlink:type="arc"/>
    <label id="label_NaviosAcquisition6Member_2" xlink:label="label_NaviosAcquisition6Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosAcquisition6Member" xlink:type="resource" xml:lang="en-US">Navios Acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAcquisition6Member" xlink:title="label: NaviosAcquisition6Member to label_NaviosAcquisition6Member" xlink:to="label_NaviosAcquisition6Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosAcquisitionAgreementMember" xlink:label="NaviosAcquisitionAgreementMember" xlink:title="NaviosAcquisitionAgreementMember" xlink:type="locator"/>
    <label id="label_NaviosAcquisitionAgreementMember" xlink:label="label_NaviosAcquisitionAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosAcquisitionAgreementMember" xlink:type="resource" xml:lang="en-US">Navios Acquisition Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAcquisitionAgreementMember" xlink:title="label: NaviosAcquisitionAgreementMember to label_NaviosAcquisitionAgreementMember" xlink:to="label_NaviosAcquisitionAgreementMember" xlink:type="arc"/>
    <label id="label_NaviosAcquisitionAgreementMember_2" xlink:label="label_NaviosAcquisitionAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosAcquisitionAgreementMember" xlink:type="resource" xml:lang="en-US">Navios Acquisition Agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAcquisitionAgreementMember" xlink:title="label: NaviosAcquisitionAgreementMember to label_NaviosAcquisitionAgreementMember" xlink:to="label_NaviosAcquisitionAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosAcquisitionLoanMember" xlink:label="NaviosAcquisitionLoanMember" xlink:title="NaviosAcquisitionLoanMember" xlink:type="locator"/>
    <label id="label_NaviosAcquisitionLoanMember" xlink:label="label_NaviosAcquisitionLoanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosAcquisitionLoanMember" xlink:type="resource" xml:lang="en-US">Navios Acquisition Loan [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAcquisitionLoanMember" xlink:title="label: NaviosAcquisitionLoanMember to label_NaviosAcquisitionLoanMember" xlink:to="label_NaviosAcquisitionLoanMember" xlink:type="arc"/>
    <label id="label_NaviosAcquisitionLoanMember_2" xlink:label="label_NaviosAcquisitionLoanMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosAcquisitionLoanMember" xlink:type="resource" xml:lang="en-US">Navios Acquisition Loan</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAcquisitionLoanMember" xlink:title="label: NaviosAcquisitionLoanMember to label_NaviosAcquisitionLoanMember" xlink:to="label_NaviosAcquisitionLoanMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosAcquisitionMember" xlink:label="NaviosAcquisitionMember" xlink:title="NaviosAcquisitionMember" xlink:type="locator"/>
    <label id="label_NaviosAcquisitionMember" xlink:label="label_NaviosAcquisitionMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NaviosAcquisitionMember" xlink:type="resource" xml:lang="en-US">Navios Acquisition and its subsidiaries.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAcquisitionMember" xlink:title="label: NaviosAcquisitionMember to label_NaviosAcquisitionMember" xlink:to="label_NaviosAcquisitionMember" xlink:type="arc"/>
    <label id="label_NaviosAcquisitionMember_2" xlink:label="label_NaviosAcquisitionMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosAcquisitionMember" xlink:type="resource" xml:lang="en-US">Navios Acquisition [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAcquisitionMember" xlink:title="label: NaviosAcquisitionMember to label_NaviosAcquisitionMember" xlink:to="label_NaviosAcquisitionMember_2" xlink:type="arc"/>
    <label id="label_NaviosAcquisitionMember_3" xlink:label="label_NaviosAcquisitionMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosAcquisitionMember" xlink:type="resource" xml:lang="en-US">Navios Acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAcquisitionMember" xlink:title="label: NaviosAcquisitionMember to label_NaviosAcquisitionMember" xlink:to="label_NaviosAcquisitionMember_3" xlink:type="arc"/>
    <label id="label_NaviosAcquisitionMember_4" xlink:label="label_NaviosAcquisitionMember_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NaviosAcquisitionMember" xlink:type="resource" xml:lang="en-US">Navios Acquisition and its subsidiaries</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAcquisitionMember" xlink:title="label: NaviosAcquisitionMember to label_NaviosAcquisitionMember" xlink:to="label_NaviosAcquisitionMember_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosAldebaranMember" xlink:label="NaviosAldebaranMember" xlink:title="NaviosAldebaranMember" xlink:type="locator"/>
    <label id="label_NaviosAldebaranMember" xlink:label="label_NaviosAldebaranMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosAldebaranMember" xlink:type="resource" xml:lang="en-US">Navios Aldebaran [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAldebaranMember" xlink:title="label: NaviosAldebaranMember to label_NaviosAldebaranMember" xlink:to="label_NaviosAldebaranMember" xlink:type="arc"/>
    <label id="label_NaviosAldebaranMember_2" xlink:label="label_NaviosAldebaranMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosAldebaranMember" xlink:type="resource" xml:lang="en-US">Navios Aldebaran</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAldebaranMember" xlink:title="label: NaviosAldebaranMember to label_NaviosAldebaranMember" xlink:to="label_NaviosAldebaranMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosAmalthiaMember" xlink:label="NaviosAmalthiaMember" xlink:title="NaviosAmalthiaMember" xlink:type="locator"/>
    <label id="label_NaviosAmalthiaMember" xlink:label="label_NaviosAmalthiaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosAmalthiaMember" xlink:type="resource" xml:lang="en-US">Navios Amalthia [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAmalthiaMember" xlink:title="label: NaviosAmalthiaMember to label_NaviosAmalthiaMember" xlink:to="label_NaviosAmalthiaMember" xlink:type="arc"/>
    <label id="label_NaviosAmalthiaMember_2" xlink:label="label_NaviosAmalthiaMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosAmalthiaMember" xlink:type="resource" xml:lang="en-US">N Amalthia</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAmalthiaMember" xlink:title="label: NaviosAmalthiaMember to label_NaviosAmalthiaMember" xlink:to="label_NaviosAmalthiaMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosAmitieMember" xlink:label="NaviosAmitieMember" xlink:title="NaviosAmitieMember" xlink:type="locator"/>
    <label id="label_NaviosAmitieMember" xlink:label="label_NaviosAmitieMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosAmitieMember" xlink:type="resource" xml:lang="en-US">Navios Amitie [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAmitieMember" xlink:title="label: NaviosAmitieMember to label_NaviosAmitieMember" xlink:to="label_NaviosAmitieMember" xlink:type="arc"/>
    <label id="label_NaviosAmitieMember_2" xlink:label="label_NaviosAmitieMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosAmitieMember" xlink:type="resource" xml:lang="en-US">Navios Amitie</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAmitieMember" xlink:title="label: NaviosAmitieMember to label_NaviosAmitieMember" xlink:to="label_NaviosAmitieMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosApollonMember" xlink:label="NaviosApollonMember" xlink:title="NaviosApollonMember" xlink:type="locator"/>
    <label id="label_NaviosApollonMember" xlink:label="label_NaviosApollonMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosApollonMember" xlink:type="resource" xml:lang="en-US">Navios Apollon [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosApollonMember" xlink:title="label: NaviosApollonMember to label_NaviosApollonMember" xlink:to="label_NaviosApollonMember" xlink:type="arc"/>
    <label id="label_NaviosApollonMember_2" xlink:label="label_NaviosApollonMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosApollonMember" xlink:type="resource" xml:lang="en-US">Navios Apollon</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosApollonMember" xlink:title="label: NaviosApollonMember to label_NaviosApollonMember" xlink:to="label_NaviosApollonMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosAsia1Member" xlink:label="NaviosAsia1Member" xlink:title="NaviosAsia1Member" xlink:type="locator"/>
    <label id="label_NaviosAsia1Member" xlink:label="label_NaviosAsia1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosAsia1Member" xlink:type="resource" xml:lang="en-US">Navios Asia1 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAsia1Member" xlink:title="label: NaviosAsia1Member to label_NaviosAsia1Member" xlink:to="label_NaviosAsia1Member" xlink:type="arc"/>
    <label id="label_NaviosAsia1Member_2" xlink:label="label_NaviosAsia1Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosAsia1Member" xlink:type="resource" xml:lang="en-US">Navios Asia</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAsia1Member" xlink:title="label: NaviosAsia1Member to label_NaviosAsia1Member" xlink:to="label_NaviosAsia1Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosAsia4Member" xlink:label="NaviosAsia4Member" xlink:title="NaviosAsia4Member" xlink:type="locator"/>
    <label id="label_NaviosAsia4Member" xlink:label="label_NaviosAsia4Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosAsia4Member" xlink:type="resource" xml:lang="en-US">Navios Asia 4 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAsia4Member" xlink:title="label: NaviosAsia4Member to label_NaviosAsia4Member" xlink:to="label_NaviosAsia4Member" xlink:type="arc"/>
    <label id="label_NaviosAsia4Member_2" xlink:label="label_NaviosAsia4Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosAsia4Member" xlink:type="resource" xml:lang="en-US">Navios Asia</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAsia4Member" xlink:title="label: NaviosAsia4Member to label_NaviosAsia4Member" xlink:to="label_NaviosAsia4Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosAsiaLlcMember" xlink:label="NaviosAsiaLlcMember" xlink:title="NaviosAsiaLlcMember" xlink:type="locator"/>
    <label id="label_NaviosAsiaLlcMember" xlink:label="label_NaviosAsiaLlcMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosAsiaLlcMember" xlink:type="resource" xml:lang="en-US">Navios Asia Llc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAsiaLlcMember" xlink:title="label: NaviosAsiaLlcMember to label_NaviosAsiaLlcMember" xlink:to="label_NaviosAsiaLlcMember" xlink:type="arc"/>
    <label id="label_NaviosAsiaLlcMember_2" xlink:label="label_NaviosAsiaLlcMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosAsiaLlcMember" xlink:type="resource" xml:lang="en-US">Navios Asia LLC</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAsiaLlcMember" xlink:title="label: NaviosAsiaLlcMember to label_NaviosAsiaLlcMember" xlink:to="label_NaviosAsiaLlcMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosAsiaLoanMember" xlink:label="NaviosAsiaLoanMember" xlink:title="NaviosAsiaLoanMember" xlink:type="locator"/>
    <label id="label_NaviosAsiaLoanMember" xlink:label="label_NaviosAsiaLoanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosAsiaLoanMember" xlink:type="resource" xml:lang="en-US">Navios Asia Loan [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAsiaLoanMember" xlink:title="label: NaviosAsiaLoanMember to label_NaviosAsiaLoanMember" xlink:to="label_NaviosAsiaLoanMember" xlink:type="arc"/>
    <label id="label_NaviosAsiaLoanMember_2" xlink:label="label_NaviosAsiaLoanMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosAsiaLoanMember" xlink:type="resource" xml:lang="en-US">Navios Asia</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAsiaLoanMember" xlink:title="label: NaviosAsiaLoanMember to label_NaviosAsiaLoanMember" xlink:to="label_NaviosAsiaLoanMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosAsiaMember" xlink:label="NaviosAsiaMember" xlink:title="NaviosAsiaMember" xlink:type="locator"/>
    <label id="label_NaviosAsiaMember" xlink:label="label_NaviosAsiaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosAsiaMember" xlink:type="resource" xml:lang="en-US">Navios Asia [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAsiaMember" xlink:title="label: NaviosAsiaMember to label_NaviosAsiaMember" xlink:to="label_NaviosAsiaMember" xlink:type="arc"/>
    <label id="label_NaviosAsiaMember_2" xlink:label="label_NaviosAsiaMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosAsiaMember" xlink:type="resource" xml:lang="en-US">Navios Asia</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAsiaMember" xlink:title="label: NaviosAsiaMember to label_NaviosAsiaMember" xlink:to="label_NaviosAsiaMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosAviorMember" xlink:label="NaviosAviorMember" xlink:title="NaviosAviorMember" xlink:type="locator"/>
    <label id="label_NaviosAviorMember" xlink:label="label_NaviosAviorMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosAviorMember" xlink:type="resource" xml:lang="en-US">Navios Avior [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAviorMember" xlink:title="label: NaviosAviorMember to label_NaviosAviorMember" xlink:to="label_NaviosAviorMember" xlink:type="arc"/>
    <label id="label_NaviosAviorMember_2" xlink:label="label_NaviosAviorMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosAviorMember" xlink:type="resource" xml:lang="en-US">Navios Avior</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAviorMember" xlink:title="label: NaviosAviorMember to label_NaviosAviorMember" xlink:to="label_NaviosAviorMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosBonanzaMember" xlink:label="NaviosBonanzaMember" xlink:title="NaviosBonanzaMember" xlink:type="locator"/>
    <label id="label_NaviosBonanzaMember" xlink:label="label_NaviosBonanzaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosBonanzaMember" xlink:type="resource" xml:lang="en-US">Navios Bonanza [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosBonanzaMember" xlink:title="label: NaviosBonanzaMember to label_NaviosBonanzaMember" xlink:to="label_NaviosBonanzaMember" xlink:type="arc"/>
    <label id="label_NaviosBonanzaMember_2" xlink:label="label_NaviosBonanzaMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosBonanzaMember" xlink:type="resource" xml:lang="en-US">N Bonanza</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosBonanzaMember" xlink:title="label: NaviosBonanzaMember to label_NaviosBonanzaMember" xlink:to="label_NaviosBonanzaMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosBuenaVenturaMember" xlink:label="NaviosBuenaVenturaMember" xlink:title="NaviosBuenaVenturaMember" xlink:type="locator"/>
    <label id="label_NaviosBuenaVenturaMember" xlink:label="label_NaviosBuenaVenturaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosBuenaVenturaMember" xlink:type="resource" xml:lang="en-US">Navios Buena Ventura [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosBuenaVenturaMember" xlink:title="label: NaviosBuenaVenturaMember to label_NaviosBuenaVenturaMember" xlink:to="label_NaviosBuenaVenturaMember" xlink:type="arc"/>
    <label id="label_NaviosBuenaVenturaMember_2" xlink:label="label_NaviosBuenaVenturaMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosBuenaVenturaMember" xlink:type="resource" xml:lang="en-US">Navios Buena Ventura</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosBuenaVenturaMember" xlink:title="label: NaviosBuenaVenturaMember to label_NaviosBuenaVenturaMember" xlink:to="label_NaviosBuenaVenturaMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosCentaurusMember" xlink:label="NaviosCentaurusMember" xlink:title="NaviosCentaurusMember" xlink:type="locator"/>
    <label id="label_NaviosCentaurusMember" xlink:label="label_NaviosCentaurusMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosCentaurusMember" xlink:type="resource" xml:lang="en-US">Navios Centaurus [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosCentaurusMember" xlink:title="label: NaviosCentaurusMember to label_NaviosCentaurusMember" xlink:to="label_NaviosCentaurusMember" xlink:type="arc"/>
    <label id="label_NaviosCentaurusMember_2" xlink:label="label_NaviosCentaurusMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosCentaurusMember" xlink:type="resource" xml:lang="en-US">Navios Centaurus</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosCentaurusMember" xlink:title="label: NaviosCentaurusMember to label_NaviosCentaurusMember" xlink:to="label_NaviosCentaurusMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosCorporationMember" xlink:label="NaviosCorporationMember" xlink:title="NaviosCorporationMember" xlink:type="locator"/>
    <label id="label_NaviosCorporationMember" xlink:label="label_NaviosCorporationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NaviosCorporationMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Navios Corporation.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosCorporationMember" xlink:title="label: NaviosCorporationMember to label_NaviosCorporationMember" xlink:to="label_NaviosCorporationMember" xlink:type="arc"/>
    <label id="label_NaviosCorporationMember_2" xlink:label="label_NaviosCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosCorporationMember" xlink:type="resource" xml:lang="en-US">Navios Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosCorporationMember" xlink:title="label: NaviosCorporationMember to label_NaviosCorporationMember" xlink:to="label_NaviosCorporationMember_2" xlink:type="arc"/>
    <label id="label_NaviosCorporationMember_3" xlink:label="label_NaviosCorporationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosCorporationMember" xlink:type="resource" xml:lang="en-US">Navios Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosCorporationMember" xlink:title="label: NaviosCorporationMember to label_NaviosCorporationMember" xlink:to="label_NaviosCorporationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosEurope1Member" xlink:label="NaviosEurope1Member" xlink:title="NaviosEurope1Member" xlink:type="locator"/>
    <label id="label_NaviosEurope1Member" xlink:label="label_NaviosEurope1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosEurope1Member" xlink:type="resource" xml:lang="en-US">Navios Europe 1 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEurope1Member" xlink:title="label: NaviosEurope1Member to label_NaviosEurope1Member" xlink:to="label_NaviosEurope1Member" xlink:type="arc"/>
    <label id="label_NaviosEurope1Member_2" xlink:label="label_NaviosEurope1Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosEurope1Member" xlink:type="resource" xml:lang="en-US">Navios Europe I</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEurope1Member" xlink:title="label: NaviosEurope1Member to label_NaviosEurope1Member" xlink:to="label_NaviosEurope1Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosEurope2Member" xlink:label="NaviosEurope2Member" xlink:title="NaviosEurope2Member" xlink:type="locator"/>
    <label id="label_NaviosEurope2Member" xlink:label="label_NaviosEurope2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosEurope2Member" xlink:type="resource" xml:lang="en-US">Navios Europe2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEurope2Member" xlink:title="label: NaviosEurope2Member to label_NaviosEurope2Member" xlink:to="label_NaviosEurope2Member" xlink:type="arc"/>
    <label id="label_NaviosEurope2Member_2" xlink:label="label_NaviosEurope2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosEurope2Member" xlink:type="resource" xml:lang="en-US">Navios Europe I</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEurope2Member" xlink:title="label: NaviosEurope2Member to label_NaviosEurope2Member" xlink:to="label_NaviosEurope2Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosEurope3Member" xlink:label="NaviosEurope3Member" xlink:title="NaviosEurope3Member" xlink:type="locator"/>
    <label id="label_NaviosEurope3Member" xlink:label="label_NaviosEurope3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosEurope3Member" xlink:type="resource" xml:lang="en-US">Navios Europe 3 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEurope3Member" xlink:title="label: NaviosEurope3Member to label_NaviosEurope3Member" xlink:to="label_NaviosEurope3Member" xlink:type="arc"/>
    <label id="label_NaviosEurope3Member_2" xlink:label="label_NaviosEurope3Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosEurope3Member" xlink:type="resource" xml:lang="en-US">Navios Europe</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEurope3Member" xlink:title="label: NaviosEurope3Member to label_NaviosEurope3Member" xlink:to="label_NaviosEurope3Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosEuropeAgreementIIMember" xlink:label="NaviosEuropeAgreementIIMember" xlink:title="NaviosEuropeAgreementIIMember" xlink:type="locator"/>
    <label id="label_NaviosEuropeAgreementIIMember" xlink:label="label_NaviosEuropeAgreementIIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosEuropeAgreementIIMember" xlink:type="resource" xml:lang="en-US">Navios Europe Agreement II [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEuropeAgreementIIMember" xlink:title="label: NaviosEuropeAgreementIIMember to label_NaviosEuropeAgreementIIMember" xlink:to="label_NaviosEuropeAgreementIIMember" xlink:type="arc"/>
    <label id="label_NaviosEuropeAgreementIIMember_2" xlink:label="label_NaviosEuropeAgreementIIMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosEuropeAgreementIIMember" xlink:type="resource" xml:lang="en-US">Navios Europe II Agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEuropeAgreementIIMember" xlink:title="label: NaviosEuropeAgreementIIMember to label_NaviosEuropeAgreementIIMember" xlink:to="label_NaviosEuropeAgreementIIMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosEuropeAgreementMember" xlink:label="NaviosEuropeAgreementMember" xlink:title="NaviosEuropeAgreementMember" xlink:type="locator"/>
    <label id="label_NaviosEuropeAgreementMember" xlink:label="label_NaviosEuropeAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosEuropeAgreementMember" xlink:type="resource" xml:lang="en-US">Navios Europe Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEuropeAgreementMember" xlink:title="label: NaviosEuropeAgreementMember to label_NaviosEuropeAgreementMember" xlink:to="label_NaviosEuropeAgreementMember" xlink:type="arc"/>
    <label id="label_NaviosEuropeAgreementMember_2" xlink:label="label_NaviosEuropeAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosEuropeAgreementMember" xlink:type="resource" xml:lang="en-US">Navios Europe I Agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEuropeAgreementMember" xlink:title="label: NaviosEuropeAgreementMember to label_NaviosEuropeAgreementMember" xlink:to="label_NaviosEuropeAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosEuropeII2Member" xlink:label="NaviosEuropeII2Member" xlink:title="NaviosEuropeII2Member" xlink:type="locator"/>
    <label id="label_NaviosEuropeII2Member" xlink:label="label_NaviosEuropeII2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosEuropeII2Member" xlink:type="resource" xml:lang="en-US">Navios Europe II 2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEuropeII2Member" xlink:title="label: NaviosEuropeII2Member to label_NaviosEuropeII2Member" xlink:to="label_NaviosEuropeII2Member" xlink:type="arc"/>
    <label id="label_NaviosEuropeII2Member_2" xlink:label="label_NaviosEuropeII2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosEuropeII2Member" xlink:type="resource" xml:lang="en-US">Navios Europe II</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEuropeII2Member" xlink:title="label: NaviosEuropeII2Member to label_NaviosEuropeII2Member" xlink:to="label_NaviosEuropeII2Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosEuropeII3Member" xlink:label="NaviosEuropeII3Member" xlink:title="NaviosEuropeII3Member" xlink:type="locator"/>
    <label id="label_NaviosEuropeII3Member" xlink:label="label_NaviosEuropeII3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosEuropeII3Member" xlink:type="resource" xml:lang="en-US">Navios Europe II 3 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEuropeII3Member" xlink:title="label: NaviosEuropeII3Member to label_NaviosEuropeII3Member" xlink:to="label_NaviosEuropeII3Member" xlink:type="arc"/>
    <label id="label_NaviosEuropeII3Member_2" xlink:label="label_NaviosEuropeII3Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosEuropeII3Member" xlink:type="resource" xml:lang="en-US">Navios Europe II</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEuropeII3Member" xlink:title="label: NaviosEuropeII3Member to label_NaviosEuropeII3Member" xlink:to="label_NaviosEuropeII3Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosEuropeIIMember" xlink:label="NaviosEuropeIIMember" xlink:title="NaviosEuropeIIMember" xlink:type="locator"/>
    <label id="label_NaviosEuropeIIMember_2" xlink:label="label_NaviosEuropeIIMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosEuropeIIMember" xlink:type="resource" xml:lang="en-US">Navios Europe II [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEuropeIIMember" xlink:title="label: NaviosEuropeIIMember to label_NaviosEuropeIIMember" xlink:to="label_NaviosEuropeIIMember_2" xlink:type="arc"/>
    <label id="label_NaviosEuropeIIMember_3" xlink:label="label_NaviosEuropeIIMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosEuropeIIMember" xlink:type="resource" xml:lang="en-US">Navios Europe II</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEuropeIIMember" xlink:title="label: NaviosEuropeIIMember to label_NaviosEuropeIIMember" xlink:to="label_NaviosEuropeIIMember_3" xlink:type="arc"/>
    <label id="label_NaviosEuropeIIMember" xlink:label="label_NaviosEuropeIIMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NaviosEuropeIIMember" xlink:type="resource" xml:lang="en-US">Navios Europe II and its subsidiaries</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEuropeIIMember" xlink:title="label: NaviosEuropeIIMember to label_NaviosEuropeIIMember" xlink:to="label_NaviosEuropeIIMember" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosEuropeMember" xlink:label="NaviosEuropeMember" xlink:title="NaviosEuropeMember" xlink:type="locator"/>
    <label id="label_NaviosEuropeMember" xlink:label="label_NaviosEuropeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosEuropeMember" xlink:type="resource" xml:lang="en-US">Navios Europe [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEuropeMember" xlink:title="label: NaviosEuropeMember to label_NaviosEuropeMember" xlink:to="label_NaviosEuropeMember" xlink:type="arc"/>
    <label id="label_NaviosEuropeMember_2" xlink:label="label_NaviosEuropeMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosEuropeMember" xlink:type="resource" xml:lang="en-US">Navios Europe I</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEuropeMember" xlink:title="label: NaviosEuropeMember to label_NaviosEuropeMember" xlink:to="label_NaviosEuropeMember_2" xlink:type="arc"/>
    <label id="label_NaviosEuropeMember_3" xlink:label="label_NaviosEuropeMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NaviosEuropeMember" xlink:type="resource" xml:lang="en-US">Navios Europe I and its subsidiaries</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEuropeMember" xlink:title="label: NaviosEuropeMember to label_NaviosEuropeMember" xlink:to="label_NaviosEuropeMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosFantastiksMember" xlink:label="NaviosFantastiksMember" xlink:title="NaviosFantastiksMember" xlink:type="locator"/>
    <label id="label_NaviosFantastiksMember" xlink:label="label_NaviosFantastiksMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosFantastiksMember" xlink:type="resource" xml:lang="en-US">Navios Fantastiks [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosFantastiksMember" xlink:title="label: NaviosFantastiksMember to label_NaviosFantastiksMember" xlink:to="label_NaviosFantastiksMember" xlink:type="arc"/>
    <label id="label_NaviosFantastiksMember_2" xlink:label="label_NaviosFantastiksMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosFantastiksMember" xlink:type="resource" xml:lang="en-US">Navios Fantastiks</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosFantastiksMember" xlink:title="label: NaviosFantastiksMember to label_NaviosFantastiksMember" xlink:to="label_NaviosFantastiksMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosFelicityMember" xlink:label="NaviosFelicityMember" xlink:title="NaviosFelicityMember" xlink:type="locator"/>
    <label id="label_NaviosFelicityMember" xlink:label="label_NaviosFelicityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosFelicityMember" xlink:type="resource" xml:lang="en-US">Navios Felicity [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosFelicityMember" xlink:title="label: NaviosFelicityMember to label_NaviosFelicityMember" xlink:to="label_NaviosFelicityMember" xlink:type="arc"/>
    <label id="label_NaviosFelicityMember_2" xlink:label="label_NaviosFelicityMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosFelicityMember" xlink:type="resource" xml:lang="en-US">Navios Felicity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosFelicityMember" xlink:title="label: NaviosFelicityMember to label_NaviosFelicityMember" xlink:to="label_NaviosFelicityMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosFulviaMember" xlink:label="NaviosFulviaMember" xlink:title="NaviosFulviaMember" xlink:type="locator"/>
    <label id="label_NaviosFulviaMember" xlink:label="label_NaviosFulviaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosFulviaMember" xlink:type="resource" xml:lang="en-US">Navios Fulvia [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosFulviaMember" xlink:title="label: NaviosFulviaMember to label_NaviosFulviaMember" xlink:to="label_NaviosFulviaMember" xlink:type="arc"/>
    <label id="label_NaviosFulviaMember_2" xlink:label="label_NaviosFulviaMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosFulviaMember" xlink:type="resource" xml:lang="en-US">Navios Fulvia</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosFulviaMember" xlink:title="label: NaviosFulviaMember to label_NaviosFulviaMember" xlink:to="label_NaviosFulviaMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosGalileoAmitieTaurusNorthernStarMember" xlink:label="NaviosGalileoAmitieTaurusNorthernStarMember" xlink:title="NaviosGalileoAmitieTaurusNorthernStarMember" xlink:type="locator"/>
    <label id="label_NaviosGalileoAmitieTaurusNorthernStarMember" xlink:label="label_NaviosGalileoAmitieTaurusNorthernStarMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosGalileoAmitieTaurusNorthernStarMember" xlink:type="resource" xml:lang="en-US">Navios Galileo Amitie Taurus Northern Star [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosGalileoAmitieTaurusNorthernStarMember" xlink:title="label: NaviosGalileoAmitieTaurusNorthernStarMember to label_NaviosGalileoAmitieTaurusNorthernStarMember" xlink:to="label_NaviosGalileoAmitieTaurusNorthernStarMember" xlink:type="arc"/>
    <label id="label_NaviosGalileoAmitieTaurusNorthernStarMember_2" xlink:label="label_NaviosGalileoAmitieTaurusNorthernStarMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosGalileoAmitieTaurusNorthernStarMember" xlink:type="resource" xml:lang="en-US">Navios Galileo/Navios Amitie/Navios Taurus/Navios Northern Star</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosGalileoAmitieTaurusNorthernStarMember" xlink:title="label: NaviosGalileoAmitieTaurusNorthernStarMember to label_NaviosGalileoAmitieTaurusNorthernStarMember" xlink:to="label_NaviosGalileoAmitieTaurusNorthernStarMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosGalileoMember" xlink:label="NaviosGalileoMember" xlink:title="NaviosGalileoMember" xlink:type="locator"/>
    <label id="label_NaviosGalileoMember" xlink:label="label_NaviosGalileoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosGalileoMember" xlink:type="resource" xml:lang="en-US">Navios Galileo [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosGalileoMember" xlink:title="label: NaviosGalileoMember to label_NaviosGalileoMember" xlink:to="label_NaviosGalileoMember" xlink:type="arc"/>
    <label id="label_NaviosGalileoMember_2" xlink:label="label_NaviosGalileoMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosGalileoMember" xlink:type="resource" xml:lang="en-US">Navios Galileo</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosGalileoMember" xlink:title="label: NaviosGalileoMember to label_NaviosGalileoMember" xlink:to="label_NaviosGalileoMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosGemMember" xlink:label="NaviosGemMember" xlink:title="NaviosGemMember" xlink:type="locator"/>
    <label id="label_NaviosGemMember" xlink:label="label_NaviosGemMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosGemMember" xlink:type="resource" xml:lang="en-US">Navios Gem [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosGemMember" xlink:title="label: NaviosGemMember to label_NaviosGemMember" xlink:to="label_NaviosGemMember" xlink:type="arc"/>
    <label id="label_NaviosGemMember_2" xlink:label="label_NaviosGemMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosGemMember" xlink:type="resource" xml:lang="en-US">Navios Gem</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosGemMember" xlink:title="label: NaviosGemMember to label_NaviosGemMember" xlink:to="label_NaviosGemMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosGeminiMember" xlink:label="NaviosGeminiMember" xlink:title="NaviosGeminiMember" xlink:type="locator"/>
    <label id="label_NaviosGeminiMember" xlink:label="label_NaviosGeminiMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosGeminiMember" xlink:type="resource" xml:lang="en-US">Navios Gemini [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosGeminiMember" xlink:title="label: NaviosGeminiMember to label_NaviosGeminiMember" xlink:to="label_NaviosGeminiMember" xlink:type="arc"/>
    <label id="label_NaviosGeminiMember_2" xlink:label="label_NaviosGeminiMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosGeminiMember" xlink:type="resource" xml:lang="en-US">Navios Gemini</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosGeminiMember" xlink:title="label: NaviosGeminiMember to label_NaviosGeminiMember" xlink:to="label_NaviosGeminiMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosGpLlcMember" xlink:label="NaviosGpLlcMember" xlink:title="NaviosGpLlcMember" xlink:type="locator"/>
    <label id="label_NaviosGpLlcMember" xlink:label="label_NaviosGpLlcMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NaviosGpLlcMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Navios GP LLC.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosGpLlcMember" xlink:title="label: NaviosGpLlcMember to label_NaviosGpLlcMember" xlink:to="label_NaviosGpLlcMember" xlink:type="arc"/>
    <label id="label_NaviosGpLlcMember_2" xlink:label="label_NaviosGpLlcMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosGpLlcMember" xlink:type="resource" xml:lang="en-US">Navios Gp Llc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosGpLlcMember" xlink:title="label: NaviosGpLlcMember to label_NaviosGpLlcMember" xlink:to="label_NaviosGpLlcMember_2" xlink:type="arc"/>
    <label id="label_NaviosGpLlcMember_3" xlink:label="label_NaviosGpLlcMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosGpLlcMember" xlink:type="resource" xml:lang="en-US">Navios GP L.L.C.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosGpLlcMember" xlink:title="label: NaviosGpLlcMember to label_NaviosGpLlcMember" xlink:to="label_NaviosGpLlcMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHandybulkIncMember" xlink:label="NaviosHandybulkIncMember" xlink:title="NaviosHandybulkIncMember" xlink:type="locator"/>
    <label id="label_NaviosHandybulkIncMember" xlink:label="label_NaviosHandybulkIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NaviosHandybulkIncMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Navios Handybulk Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHandybulkIncMember" xlink:title="label: NaviosHandybulkIncMember to label_NaviosHandybulkIncMember" xlink:to="label_NaviosHandybulkIncMember" xlink:type="arc"/>
    <label id="label_NaviosHandybulkIncMember_2" xlink:label="label_NaviosHandybulkIncMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHandybulkIncMember" xlink:type="resource" xml:lang="en-US">Navios Handybulk Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHandybulkIncMember" xlink:title="label: NaviosHandybulkIncMember to label_NaviosHandybulkIncMember" xlink:to="label_NaviosHandybulkIncMember_2" xlink:type="arc"/>
    <label id="label_NaviosHandybulkIncMember_3" xlink:label="label_NaviosHandybulkIncMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHandybulkIncMember" xlink:type="resource" xml:lang="en-US">Navios Handybulk Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHandybulkIncMember" xlink:title="label: NaviosHandybulkIncMember to label_NaviosHandybulkIncMember" xlink:to="label_NaviosHandybulkIncMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHolding10Member" xlink:label="NaviosHolding10Member" xlink:title="NaviosHolding10Member" xlink:type="locator"/>
    <label id="label_NaviosHolding10Member" xlink:label="label_NaviosHolding10Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHolding10Member" xlink:type="resource" xml:lang="en-US">Navios Holding 10 Member</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHolding10Member" xlink:title="label: NaviosHolding10Member to label_NaviosHolding10Member" xlink:to="label_NaviosHolding10Member" xlink:type="arc"/>
    <label id="label_NaviosHolding10Member_2" xlink:label="label_NaviosHolding10Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHolding10Member" xlink:type="resource" xml:lang="en-US">Navios Holdings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHolding10Member" xlink:title="label: NaviosHolding10Member to label_NaviosHolding10Member" xlink:to="label_NaviosHolding10Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHoldings3Member" xlink:label="NaviosHoldings3Member" xlink:title="NaviosHoldings3Member" xlink:type="locator"/>
    <label id="label_NaviosHoldings3Member" xlink:label="label_NaviosHoldings3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHoldings3Member" xlink:type="resource" xml:lang="en-US">Navios Holdings3 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldings3Member" xlink:title="label: NaviosHoldings3Member to label_NaviosHoldings3Member" xlink:to="label_NaviosHoldings3Member" xlink:type="arc"/>
    <label id="label_NaviosHoldings3Member_2" xlink:label="label_NaviosHoldings3Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHoldings3Member" xlink:type="resource" xml:lang="en-US">Navios Holdings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldings3Member" xlink:title="label: NaviosHoldings3Member to label_NaviosHoldings3Member" xlink:to="label_NaviosHoldings3Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHoldings4Member" xlink:label="NaviosHoldings4Member" xlink:title="NaviosHoldings4Member" xlink:type="locator"/>
    <label id="label_NaviosHoldings4Member" xlink:label="label_NaviosHoldings4Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHoldings4Member" xlink:type="resource" xml:lang="en-US">Navios Holdings4 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldings4Member" xlink:title="label: NaviosHoldings4Member to label_NaviosHoldings4Member" xlink:to="label_NaviosHoldings4Member" xlink:type="arc"/>
    <label id="label_NaviosHoldings4Member_2" xlink:label="label_NaviosHoldings4Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHoldings4Member" xlink:type="resource" xml:lang="en-US">Navios Holdings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldings4Member" xlink:title="label: NaviosHoldings4Member to label_NaviosHoldings4Member" xlink:to="label_NaviosHoldings4Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHoldings5Member" xlink:label="NaviosHoldings5Member" xlink:title="NaviosHoldings5Member" xlink:type="locator"/>
    <label id="label_NaviosHoldings5Member" xlink:label="label_NaviosHoldings5Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHoldings5Member" xlink:type="resource" xml:lang="en-US">Navios Holdings5 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldings5Member" xlink:title="label: NaviosHoldings5Member to label_NaviosHoldings5Member" xlink:to="label_NaviosHoldings5Member" xlink:type="arc"/>
    <label id="label_NaviosHoldings5Member_2" xlink:label="label_NaviosHoldings5Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHoldings5Member" xlink:type="resource" xml:lang="en-US">Navios Holdings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldings5Member" xlink:title="label: NaviosHoldings5Member to label_NaviosHoldings5Member" xlink:to="label_NaviosHoldings5Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHoldingsAcquisitionPartnersMember" xlink:label="NaviosHoldingsAcquisitionPartnersMember" xlink:title="NaviosHoldingsAcquisitionPartnersMember" xlink:type="locator"/>
    <label id="label_NaviosHoldingsAcquisitionPartnersMember" xlink:label="label_NaviosHoldingsAcquisitionPartnersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHoldingsAcquisitionPartnersMember" xlink:type="resource" xml:lang="en-US">Navios Holdings Acquisition Partners [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsAcquisitionPartnersMember" xlink:title="label: NaviosHoldingsAcquisitionPartnersMember to label_NaviosHoldingsAcquisitionPartnersMember" xlink:to="label_NaviosHoldingsAcquisitionPartnersMember" xlink:type="arc"/>
    <label id="label_NaviosHoldingsAcquisitionPartnersMember_2" xlink:label="label_NaviosHoldingsAcquisitionPartnersMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHoldingsAcquisitionPartnersMember" xlink:type="resource" xml:lang="en-US">Navios Holdings, Navios Acquisition and Navios Partners</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsAcquisitionPartnersMember" xlink:title="label: NaviosHoldingsAcquisitionPartnersMember to label_NaviosHoldingsAcquisitionPartnersMember" xlink:to="label_NaviosHoldingsAcquisitionPartnersMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHoldingsAcquisitionsPartnersMember" xlink:label="NaviosHoldingsAcquisitionsPartnersMember" xlink:title="NaviosHoldingsAcquisitionsPartnersMember" xlink:type="locator"/>
    <label id="label_NaviosHoldingsAcquisitionsPartnersMember" xlink:label="label_NaviosHoldingsAcquisitionsPartnersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHoldingsAcquisitionsPartnersMember" xlink:type="resource" xml:lang="en-US">Navios Holdings Acquisitions Partners [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsAcquisitionsPartnersMember" xlink:title="label: NaviosHoldingsAcquisitionsPartnersMember to label_NaviosHoldingsAcquisitionsPartnersMember" xlink:to="label_NaviosHoldingsAcquisitionsPartnersMember" xlink:type="arc"/>
    <label id="label_NaviosHoldingsAcquisitionsPartnersMember_2" xlink:label="label_NaviosHoldingsAcquisitionsPartnersMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHoldingsAcquisitionsPartnersMember" xlink:type="resource" xml:lang="en-US">Navios Holdings, Navios Acquisitions, Navios Partners</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsAcquisitionsPartnersMember" xlink:title="label: NaviosHoldingsAcquisitionsPartnersMember to label_NaviosHoldingsAcquisitionsPartnersMember" xlink:to="label_NaviosHoldingsAcquisitionsPartnersMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHoldingsDebtMember" xlink:label="NaviosHoldingsDebtMember" xlink:title="NaviosHoldingsDebtMember" xlink:type="locator"/>
    <label id="label_NaviosHoldingsDebtMember" xlink:label="label_NaviosHoldingsDebtMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHoldingsDebtMember" xlink:type="resource" xml:lang="en-US">Navios Holdings Debt [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsDebtMember" xlink:title="label: NaviosHoldingsDebtMember to label_NaviosHoldingsDebtMember" xlink:to="label_NaviosHoldingsDebtMember" xlink:type="arc"/>
    <label id="label_NaviosHoldingsDebtMember_2" xlink:label="label_NaviosHoldingsDebtMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHoldingsDebtMember" xlink:type="resource" xml:lang="en-US">Navios Holdings debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsDebtMember" xlink:title="label: NaviosHoldingsDebtMember to label_NaviosHoldingsDebtMember" xlink:to="label_NaviosHoldingsDebtMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHoldingsEuropeFinanceIncMember" xlink:label="NaviosHoldingsEuropeFinanceIncMember" xlink:title="NaviosHoldingsEuropeFinanceIncMember" xlink:type="locator"/>
    <label id="label_NaviosHoldingsEuropeFinanceIncMember" xlink:label="label_NaviosHoldingsEuropeFinanceIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHoldingsEuropeFinanceIncMember" xlink:type="resource" xml:lang="en-US">Navios Holdings Europe Finance Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsEuropeFinanceIncMember" xlink:title="label: NaviosHoldingsEuropeFinanceIncMember to label_NaviosHoldingsEuropeFinanceIncMember" xlink:to="label_NaviosHoldingsEuropeFinanceIncMember" xlink:type="arc"/>
    <label id="label_NaviosHoldingsEuropeFinanceIncMember_2" xlink:label="label_NaviosHoldingsEuropeFinanceIncMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHoldingsEuropeFinanceIncMember" xlink:type="resource" xml:lang="en-US">Navios Holdings Europe Finance Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsEuropeFinanceIncMember" xlink:title="label: NaviosHoldingsEuropeFinanceIncMember to label_NaviosHoldingsEuropeFinanceIncMember" xlink:to="label_NaviosHoldingsEuropeFinanceIncMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHoldingsMaximumPotentialLossMember" xlink:label="NaviosHoldingsMaximumPotentialLossMember" xlink:title="NaviosHoldingsMaximumPotentialLossMember" xlink:type="locator"/>
    <label id="label_NaviosHoldingsMaximumPotentialLossMember" xlink:label="label_NaviosHoldingsMaximumPotentialLossMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHoldingsMaximumPotentialLossMember" xlink:type="resource" xml:lang="en-US">Navios Holdings Maximum Potential Loss [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsMaximumPotentialLossMember" xlink:title="label: NaviosHoldingsMaximumPotentialLossMember to label_NaviosHoldingsMaximumPotentialLossMember" xlink:to="label_NaviosHoldingsMaximumPotentialLossMember" xlink:type="arc"/>
    <label id="label_NaviosHoldingsMaximumPotentialLossMember_2" xlink:label="label_NaviosHoldingsMaximumPotentialLossMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHoldingsMaximumPotentialLossMember" xlink:type="resource" xml:lang="en-US">Navios Holdings Maximum Potential Loss</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsMaximumPotentialLossMember" xlink:title="label: NaviosHoldingsMaximumPotentialLossMember to label_NaviosHoldingsMaximumPotentialLossMember" xlink:to="label_NaviosHoldingsMaximumPotentialLossMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHoldingsMember" xlink:label="NaviosHoldingsMember" xlink:title="NaviosHoldingsMember" xlink:type="locator"/>
    <label id="label_NaviosHoldingsMember" xlink:label="label_NaviosHoldingsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NaviosHoldingsMember" xlink:type="resource" xml:lang="en-US">Refers to Navios Holdings.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsMember" xlink:title="label: NaviosHoldingsMember to label_NaviosHoldingsMember" xlink:to="label_NaviosHoldingsMember" xlink:type="arc"/>
    <label id="label_NaviosHoldingsMember_2" xlink:label="label_NaviosHoldingsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHoldingsMember" xlink:type="resource" xml:lang="en-US">Navios Holdings [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsMember" xlink:title="label: NaviosHoldingsMember to label_NaviosHoldingsMember" xlink:to="label_NaviosHoldingsMember_2" xlink:type="arc"/>
    <label id="label_NaviosHoldingsMember_3" xlink:label="label_NaviosHoldingsMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHoldingsMember" xlink:type="resource" xml:lang="en-US">Navios Holdings borrowings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsMember" xlink:title="label: NaviosHoldingsMember to label_NaviosHoldingsMember" xlink:to="label_NaviosHoldingsMember_3" xlink:type="arc"/>
    <label id="label_NaviosHoldingsMember_4" xlink:label="label_NaviosHoldingsMember_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NaviosHoldingsMember" xlink:type="resource" xml:lang="en-US">Navios Holdings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsMember" xlink:title="label: NaviosHoldingsMember to label_NaviosHoldingsMember" xlink:to="label_NaviosHoldingsMember_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHoldingsPrincipalPayments2015Member" xlink:label="NaviosHoldingsPrincipalPayments2015Member" xlink:title="NaviosHoldingsPrincipalPayments2015Member" xlink:type="locator"/>
    <label id="label_NaviosHoldingsPrincipalPayments2015Member" xlink:label="label_NaviosHoldingsPrincipalPayments2015Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHoldingsPrincipalPayments2015Member" xlink:type="resource" xml:lang="en-US">Navios Holdings Principal Payments 2015 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsPrincipalPayments2015Member" xlink:title="label: NaviosHoldingsPrincipalPayments2015Member to label_NaviosHoldingsPrincipalPayments2015Member" xlink:to="label_NaviosHoldingsPrincipalPayments2015Member" xlink:type="arc"/>
    <label id="label_NaviosHoldingsPrincipalPayments2015Member_2" xlink:label="label_NaviosHoldingsPrincipalPayments2015Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHoldingsPrincipalPayments2015Member" xlink:type="resource" xml:lang="en-US">Navios Holdings - 2015 principal payment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsPrincipalPayments2015Member" xlink:title="label: NaviosHoldingsPrincipalPayments2015Member to label_NaviosHoldingsPrincipalPayments2015Member" xlink:to="label_NaviosHoldingsPrincipalPayments2015Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHoldingsPrincipalPayments2016Member" xlink:label="NaviosHoldingsPrincipalPayments2016Member" xlink:title="NaviosHoldingsPrincipalPayments2016Member" xlink:type="locator"/>
    <label id="label_NaviosHoldingsPrincipalPayments2016Member" xlink:label="label_NaviosHoldingsPrincipalPayments2016Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHoldingsPrincipalPayments2016Member" xlink:type="resource" xml:lang="en-US">Navios Holdings Principal Payments 2016 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsPrincipalPayments2016Member" xlink:title="label: NaviosHoldingsPrincipalPayments2016Member to label_NaviosHoldingsPrincipalPayments2016Member" xlink:to="label_NaviosHoldingsPrincipalPayments2016Member" xlink:type="arc"/>
    <label id="label_NaviosHoldingsPrincipalPayments2016Member_2" xlink:label="label_NaviosHoldingsPrincipalPayments2016Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHoldingsPrincipalPayments2016Member" xlink:type="resource" xml:lang="en-US">Navios Holdings - 2016 principal payment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsPrincipalPayments2016Member" xlink:title="label: NaviosHoldingsPrincipalPayments2016Member to label_NaviosHoldingsPrincipalPayments2016Member" xlink:to="label_NaviosHoldingsPrincipalPayments2016Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHoldingsSeriesGMember" xlink:label="NaviosHoldingsSeriesGMember" xlink:title="NaviosHoldingsSeriesGMember" xlink:type="locator"/>
    <label id="label_NaviosHoldingsSeriesGMember" xlink:label="label_NaviosHoldingsSeriesGMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHoldingsSeriesGMember" xlink:type="resource" xml:lang="en-US">Navios Holdings Series G [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsSeriesGMember" xlink:title="label: NaviosHoldingsSeriesGMember to label_NaviosHoldingsSeriesGMember" xlink:to="label_NaviosHoldingsSeriesGMember" xlink:type="arc"/>
    <label id="label_NaviosHoldingsSeriesGMember_2" xlink:label="label_NaviosHoldingsSeriesGMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHoldingsSeriesGMember" xlink:type="resource" xml:lang="en-US">Navios Holdings Series G Preferred Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsSeriesGMember" xlink:title="label: NaviosHoldingsSeriesGMember to label_NaviosHoldingsSeriesGMember" xlink:to="label_NaviosHoldingsSeriesGMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHoldingsSeriesHMember" xlink:label="NaviosHoldingsSeriesHMember" xlink:title="NaviosHoldingsSeriesHMember" xlink:type="locator"/>
    <label id="label_NaviosHoldingsSeriesHMember" xlink:label="label_NaviosHoldingsSeriesHMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHoldingsSeriesHMember" xlink:type="resource" xml:lang="en-US">Navios Holdings Series H [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsSeriesHMember" xlink:title="label: NaviosHoldingsSeriesHMember to label_NaviosHoldingsSeriesHMember" xlink:to="label_NaviosHoldingsSeriesHMember" xlink:type="arc"/>
    <label id="label_NaviosHoldingsSeriesHMember_2" xlink:label="label_NaviosHoldingsSeriesHMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHoldingsSeriesHMember" xlink:type="resource" xml:lang="en-US">Navios Holdings Series H Preferred Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsSeriesHMember" xlink:title="label: NaviosHoldingsSeriesHMember to label_NaviosHoldingsSeriesHMember" xlink:to="label_NaviosHoldingsSeriesHMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHopeMember" xlink:label="NaviosHopeMember" xlink:title="NaviosHopeMember" xlink:type="locator"/>
    <label id="label_NaviosHopeMember" xlink:label="label_NaviosHopeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHopeMember" xlink:type="resource" xml:lang="en-US">Navios Hope [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHopeMember" xlink:title="label: NaviosHopeMember to label_NaviosHopeMember" xlink:to="label_NaviosHopeMember" xlink:type="arc"/>
    <label id="label_NaviosHopeMember_2" xlink:label="label_NaviosHopeMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHopeMember" xlink:type="resource" xml:lang="en-US">Navios Hope</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHopeMember" xlink:title="label: NaviosHopeMember to label_NaviosHopeMember" xlink:to="label_NaviosHopeMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosInternationalIncMember" xlink:label="NaviosInternationalIncMember" xlink:title="NaviosInternationalIncMember" xlink:type="locator"/>
    <label id="label_NaviosInternationalIncMember" xlink:label="label_NaviosInternationalIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NaviosInternationalIncMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Navios International Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosInternationalIncMember" xlink:title="label: NaviosInternationalIncMember to label_NaviosInternationalIncMember" xlink:to="label_NaviosInternationalIncMember" xlink:type="arc"/>
    <label id="label_NaviosInternationalIncMember_2" xlink:label="label_NaviosInternationalIncMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosInternationalIncMember" xlink:type="resource" xml:lang="en-US">Navios International Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosInternationalIncMember" xlink:title="label: NaviosInternationalIncMember to label_NaviosInternationalIncMember" xlink:to="label_NaviosInternationalIncMember_2" xlink:type="arc"/>
    <label id="label_NaviosInternationalIncMember_3" xlink:label="label_NaviosInternationalIncMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosInternationalIncMember" xlink:type="resource" xml:lang="en-US">Navios International Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosInternationalIncMember" xlink:title="label: NaviosInternationalIncMember to label_NaviosInternationalIncMember" xlink:to="label_NaviosInternationalIncMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosIonianMember" xlink:label="NaviosIonianMember" xlink:title="NaviosIonianMember" xlink:type="locator"/>
    <label id="label_NaviosIonianMember" xlink:label="label_NaviosIonianMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosIonianMember" xlink:type="resource" xml:lang="en-US">Navios Ionian [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosIonianMember" xlink:title="label: NaviosIonianMember to label_NaviosIonianMember" xlink:to="label_NaviosIonianMember" xlink:type="arc"/>
    <label id="label_NaviosIonianMember_2" xlink:label="label_NaviosIonianMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosIonianMember" xlink:type="resource" xml:lang="en-US">Navios Ionian</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosIonianMember" xlink:title="label: NaviosIonianMember to label_NaviosIonianMember" xlink:to="label_NaviosIonianMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosLibraMember" xlink:label="NaviosLibraMember" xlink:title="NaviosLibraMember" xlink:type="locator"/>
    <label id="label_NaviosLibraMember" xlink:label="label_NaviosLibraMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosLibraMember" xlink:type="resource" xml:lang="en-US">Navios Libra [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLibraMember" xlink:title="label: NaviosLibraMember to label_NaviosLibraMember" xlink:to="label_NaviosLibraMember" xlink:type="arc"/>
    <label id="label_NaviosLibraMember_2" xlink:label="label_NaviosLibraMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosLibraMember" xlink:type="resource" xml:lang="en-US">Navios Libra</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLibraMember" xlink:title="label: NaviosLibraMember to label_NaviosLibraMember" xlink:to="label_NaviosLibraMember_2" xlink:type="arc"/>
    <label id="label_NaviosLibraMember_3" xlink:label="label_NaviosLibraMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NaviosLibraMember" xlink:type="resource" xml:lang="en-US">Navios Libra II</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLibraMember" xlink:title="label: NaviosLibraMember to label_NaviosLibraMember" xlink:to="label_NaviosLibraMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosLogistics1Member" xlink:label="NaviosLogistics1Member" xlink:title="NaviosLogistics1Member" xlink:type="locator"/>
    <label id="label_NaviosLogistics1Member" xlink:label="label_NaviosLogistics1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosLogistics1Member" xlink:type="resource" xml:lang="en-US">Navios Logistics 1 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogistics1Member" xlink:title="label: NaviosLogistics1Member to label_NaviosLogistics1Member" xlink:to="label_NaviosLogistics1Member" xlink:type="arc"/>
    <label id="label_NaviosLogistics1Member_2" xlink:label="label_NaviosLogistics1Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosLogistics1Member" xlink:type="resource" xml:lang="en-US">Navios Logistics</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogistics1Member" xlink:title="label: NaviosLogistics1Member to label_NaviosLogistics1Member" xlink:to="label_NaviosLogistics1Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosLogisticsAgreementMember" xlink:label="NaviosLogisticsAgreementMember" xlink:title="NaviosLogisticsAgreementMember" xlink:type="locator"/>
    <label id="label_NaviosLogisticsAgreementMember" xlink:label="label_NaviosLogisticsAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosLogisticsAgreementMember" xlink:type="resource" xml:lang="en-US">Navios Logistics Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsAgreementMember" xlink:title="label: NaviosLogisticsAgreementMember to label_NaviosLogisticsAgreementMember" xlink:to="label_NaviosLogisticsAgreementMember" xlink:type="arc"/>
    <label id="label_NaviosLogisticsAgreementMember_2" xlink:label="label_NaviosLogisticsAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosLogisticsAgreementMember" xlink:type="resource" xml:lang="en-US">Navios Logistics Agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsAgreementMember" xlink:title="label: NaviosLogisticsAgreementMember to label_NaviosLogisticsAgreementMember" xlink:to="label_NaviosLogisticsAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosLogisticsBBVALoanFacilityMember" xlink:label="NaviosLogisticsBBVALoanFacilityMember" xlink:title="NaviosLogisticsBBVALoanFacilityMember" xlink:type="locator"/>
    <label id="label_NaviosLogisticsBBVALoanFacilityMember" xlink:label="label_NaviosLogisticsBBVALoanFacilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosLogisticsBBVALoanFacilityMember" xlink:type="resource" xml:lang="en-US">Navios Logistics BBVA Loan Facility [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsBBVALoanFacilityMember" xlink:title="label: NaviosLogisticsBBVALoanFacilityMember to label_NaviosLogisticsBBVALoanFacilityMember" xlink:to="label_NaviosLogisticsBBVALoanFacilityMember" xlink:type="arc"/>
    <label id="label_NaviosLogisticsBBVALoanFacilityMember_2" xlink:label="label_NaviosLogisticsBBVALoanFacilityMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosLogisticsBBVALoanFacilityMember" xlink:type="resource" xml:lang="en-US">Navios Logistics BBVA Loan Facility</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsBBVALoanFacilityMember" xlink:title="label: NaviosLogisticsBBVALoanFacilityMember to label_NaviosLogisticsBBVALoanFacilityMember" xlink:to="label_NaviosLogisticsBBVALoanFacilityMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosLogisticsCommitmentsMember" xlink:label="NaviosLogisticsCommitmentsMember" xlink:title="NaviosLogisticsCommitmentsMember" xlink:type="locator"/>
    <label id="label_NaviosLogisticsCommitmentsMember" xlink:label="label_NaviosLogisticsCommitmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosLogisticsCommitmentsMember" xlink:type="resource" xml:lang="en-US">Navios Logistics Commitments [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsCommitmentsMember" xlink:title="label: NaviosLogisticsCommitmentsMember to label_NaviosLogisticsCommitmentsMember" xlink:to="label_NaviosLogisticsCommitmentsMember" xlink:type="arc"/>
    <label id="label_NaviosLogisticsCommitmentsMember_2" xlink:label="label_NaviosLogisticsCommitmentsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosLogisticsCommitmentsMember" xlink:type="resource" xml:lang="en-US">Navios Logistics</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsCommitmentsMember" xlink:title="label: NaviosLogisticsCommitmentsMember to label_NaviosLogisticsCommitmentsMember" xlink:to="label_NaviosLogisticsCommitmentsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosLogisticsMember" xlink:label="NaviosLogisticsMember" xlink:title="NaviosLogisticsMember" xlink:type="locator"/>
    <label id="label_NaviosLogisticsMember" xlink:label="label_NaviosLogisticsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NaviosLogisticsMember" xlink:type="resource" xml:lang="en-US">Refers to Navios Logistics.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsMember" xlink:title="label: NaviosLogisticsMember to label_NaviosLogisticsMember" xlink:to="label_NaviosLogisticsMember" xlink:type="arc"/>
    <label id="label_NaviosLogisticsMember_2" xlink:label="label_NaviosLogisticsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosLogisticsMember" xlink:type="resource" xml:lang="en-US">Navios Logistics [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsMember" xlink:title="label: NaviosLogisticsMember to label_NaviosLogisticsMember" xlink:to="label_NaviosLogisticsMember_2" xlink:type="arc"/>
    <label id="label_NaviosLogisticsMember_3" xlink:label="label_NaviosLogisticsMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosLogisticsMember" xlink:type="resource" xml:lang="en-US">Navios Logistics</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsMember" xlink:title="label: NaviosLogisticsMember to label_NaviosLogisticsMember" xlink:to="label_NaviosLogisticsMember_3" xlink:type="arc"/>
    <label id="label_NaviosLogisticsMember_4" xlink:label="label_NaviosLogisticsMember_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NaviosLogisticsMember" xlink:type="resource" xml:lang="en-US">Navios Logistics borrowings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsMember" xlink:title="label: NaviosLogisticsMember to label_NaviosLogisticsMember" xlink:to="label_NaviosLogisticsMember_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosLuzMember" xlink:label="NaviosLuzMember" xlink:title="NaviosLuzMember" xlink:type="locator"/>
    <label id="label_NaviosLuzMember" xlink:label="label_NaviosLuzMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosLuzMember" xlink:type="resource" xml:lang="en-US">Navios Luz [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLuzMember" xlink:title="label: NaviosLuzMember to label_NaviosLuzMember" xlink:to="label_NaviosLuzMember" xlink:type="arc"/>
    <label id="label_NaviosLuzMember_2" xlink:label="label_NaviosLuzMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosLuzMember" xlink:type="resource" xml:lang="en-US">Navios Luz</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLuzMember" xlink:title="label: NaviosLuzMember to label_NaviosLuzMember" xlink:to="label_NaviosLuzMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosLuzNaviosOrbiter2Member" xlink:label="NaviosLuzNaviosOrbiter2Member" xlink:title="NaviosLuzNaviosOrbiter2Member" xlink:type="locator"/>
    <label id="label_NaviosLuzNaviosOrbiter2Member" xlink:label="label_NaviosLuzNaviosOrbiter2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosLuzNaviosOrbiter2Member" xlink:type="resource" xml:lang="en-US">Navios Luz Navios Orbiter2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLuzNaviosOrbiter2Member" xlink:title="label: NaviosLuzNaviosOrbiter2Member to label_NaviosLuzNaviosOrbiter2Member" xlink:to="label_NaviosLuzNaviosOrbiter2Member" xlink:type="arc"/>
    <label id="label_NaviosLuzNaviosOrbiter2Member_2" xlink:label="label_NaviosLuzNaviosOrbiter2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosLuzNaviosOrbiter2Member" xlink:type="resource" xml:lang="en-US">Navios Luz / Navios Orbiter</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLuzNaviosOrbiter2Member" xlink:title="label: NaviosLuzNaviosOrbiter2Member to label_NaviosLuzNaviosOrbiter2Member" xlink:to="label_NaviosLuzNaviosOrbiter2Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosLuzNaviosOrbiterMember" xlink:label="NaviosLuzNaviosOrbiterMember" xlink:title="NaviosLuzNaviosOrbiterMember" xlink:type="locator"/>
    <label id="label_NaviosLuzNaviosOrbiterMember" xlink:label="label_NaviosLuzNaviosOrbiterMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosLuzNaviosOrbiterMember" xlink:type="resource" xml:lang="en-US">Navios Luz Navios Orbiter [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLuzNaviosOrbiterMember" xlink:title="label: NaviosLuzNaviosOrbiterMember to label_NaviosLuzNaviosOrbiterMember" xlink:to="label_NaviosLuzNaviosOrbiterMember" xlink:type="arc"/>
    <label id="label_NaviosLuzNaviosOrbiterMember_2" xlink:label="label_NaviosLuzNaviosOrbiterMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosLuzNaviosOrbiterMember" xlink:type="resource" xml:lang="en-US">Navios Luz/Navios Orbiter</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLuzNaviosOrbiterMember" xlink:title="label: NaviosLuzNaviosOrbiterMember to label_NaviosLuzNaviosOrbiterMember" xlink:to="label_NaviosLuzNaviosOrbiterMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosMIdstreamMidstreamPartnersLPMember" xlink:label="NaviosMIdstreamMidstreamPartnersLPMember" xlink:title="NaviosMIdstreamMidstreamPartnersLPMember" xlink:type="locator"/>
    <label id="label_NaviosMIdstreamMidstreamPartnersLPMember" xlink:label="label_NaviosMIdstreamMidstreamPartnersLPMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosMIdstreamMidstreamPartnersLPMember" xlink:type="resource" xml:lang="en-US">Navios MIdstream Midstream Partners LP [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMIdstreamMidstreamPartnersLPMember" xlink:title="label: NaviosMIdstreamMidstreamPartnersLPMember to label_NaviosMIdstreamMidstreamPartnersLPMember" xlink:to="label_NaviosMIdstreamMidstreamPartnersLPMember" xlink:type="arc"/>
    <label id="label_NaviosMIdstreamMidstreamPartnersLPMember_2" xlink:label="label_NaviosMIdstreamMidstreamPartnersLPMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosMIdstreamMidstreamPartnersLPMember" xlink:type="resource" xml:lang="en-US">Navios Midstream</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMIdstreamMidstreamPartnersLPMember" xlink:title="label: NaviosMIdstreamMidstreamPartnersLPMember to label_NaviosMIdstreamMidstreamPartnersLPMember" xlink:to="label_NaviosMIdstreamMidstreamPartnersLPMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosMaritimeAcqusitionCorporationMember" xlink:label="NaviosMaritimeAcqusitionCorporationMember" xlink:title="NaviosMaritimeAcqusitionCorporationMember" xlink:type="locator"/>
    <label id="label_NaviosMaritimeAcqusitionCorporationMember" xlink:label="label_NaviosMaritimeAcqusitionCorporationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosMaritimeAcqusitionCorporationMember" xlink:type="resource" xml:lang="en-US">Navios Maritime Acqusition Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMaritimeAcqusitionCorporationMember" xlink:title="label: NaviosMaritimeAcqusitionCorporationMember to label_NaviosMaritimeAcqusitionCorporationMember" xlink:to="label_NaviosMaritimeAcqusitionCorporationMember" xlink:type="arc"/>
    <label id="label_NaviosMaritimeAcqusitionCorporationMember_2" xlink:label="label_NaviosMaritimeAcqusitionCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosMaritimeAcqusitionCorporationMember" xlink:type="resource" xml:lang="en-US">Navios Acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMaritimeAcqusitionCorporationMember" xlink:title="label: NaviosMaritimeAcqusitionCorporationMember to label_NaviosMaritimeAcqusitionCorporationMember" xlink:to="label_NaviosMaritimeAcqusitionCorporationMember_2" xlink:type="arc"/>
    <label id="label_NaviosMaritimeAcqusitionCorporationMember_3" xlink:label="label_NaviosMaritimeAcqusitionCorporationMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NaviosMaritimeAcqusitionCorporationMember" xlink:type="resource" xml:lang="en-US">Navios Acquisition and its subsidiaries</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMaritimeAcqusitionCorporationMember" xlink:title="label: NaviosMaritimeAcqusitionCorporationMember to label_NaviosMaritimeAcqusitionCorporationMember" xlink:to="label_NaviosMaritimeAcqusitionCorporationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosMaritimeFinanceIiUsIncMember" xlink:label="NaviosMaritimeFinanceIiUsIncMember" xlink:title="NaviosMaritimeFinanceIiUsIncMember" xlink:type="locator"/>
    <label id="label_NaviosMaritimeFinanceIiUsIncMember" xlink:label="label_NaviosMaritimeFinanceIiUsIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NaviosMaritimeFinanceIiUsIncMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Navios Maritime Finance US II Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMaritimeFinanceIiUsIncMember" xlink:title="label: NaviosMaritimeFinanceIiUsIncMember to label_NaviosMaritimeFinanceIiUsIncMember" xlink:to="label_NaviosMaritimeFinanceIiUsIncMember" xlink:type="arc"/>
    <label id="label_NaviosMaritimeFinanceIiUsIncMember_2" xlink:label="label_NaviosMaritimeFinanceIiUsIncMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosMaritimeFinanceIiUsIncMember" xlink:type="resource" xml:lang="en-US">Navios Maritime Finance Ii Us Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMaritimeFinanceIiUsIncMember" xlink:title="label: NaviosMaritimeFinanceIiUsIncMember to label_NaviosMaritimeFinanceIiUsIncMember" xlink:to="label_NaviosMaritimeFinanceIiUsIncMember_2" xlink:type="arc"/>
    <label id="label_NaviosMaritimeFinanceIiUsIncMember_3" xlink:label="label_NaviosMaritimeFinanceIiUsIncMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosMaritimeFinanceIiUsIncMember" xlink:type="resource" xml:lang="en-US">Navios Maritime Finance II (US) Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMaritimeFinanceIiUsIncMember" xlink:title="label: NaviosMaritimeFinanceIiUsIncMember to label_NaviosMaritimeFinanceIiUsIncMember" xlink:to="label_NaviosMaritimeFinanceIiUsIncMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosMaritimeFinanceUsIncMember" xlink:label="NaviosMaritimeFinanceUsIncMember" xlink:title="NaviosMaritimeFinanceUsIncMember" xlink:type="locator"/>
    <label id="label_NaviosMaritimeFinanceUsIncMember" xlink:label="label_NaviosMaritimeFinanceUsIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NaviosMaritimeFinanceUsIncMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Navios Maritime Finance US Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMaritimeFinanceUsIncMember" xlink:title="label: NaviosMaritimeFinanceUsIncMember to label_NaviosMaritimeFinanceUsIncMember" xlink:to="label_NaviosMaritimeFinanceUsIncMember" xlink:type="arc"/>
    <label id="label_NaviosMaritimeFinanceUsIncMember_2" xlink:label="label_NaviosMaritimeFinanceUsIncMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosMaritimeFinanceUsIncMember" xlink:type="resource" xml:lang="en-US">Navios Maritime Finance Us Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMaritimeFinanceUsIncMember" xlink:title="label: NaviosMaritimeFinanceUsIncMember to label_NaviosMaritimeFinanceUsIncMember" xlink:to="label_NaviosMaritimeFinanceUsIncMember_2" xlink:type="arc"/>
    <label id="label_NaviosMaritimeFinanceUsIncMember_3" xlink:label="label_NaviosMaritimeFinanceUsIncMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosMaritimeFinanceUsIncMember" xlink:type="resource" xml:lang="en-US">Navios Maritime Finance (US) Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMaritimeFinanceUsIncMember" xlink:title="label: NaviosMaritimeFinanceUsIncMember to label_NaviosMaritimeFinanceUsIncMember" xlink:to="label_NaviosMaritimeFinanceUsIncMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosMaritimeHoldingsIncMember" xlink:label="NaviosMaritimeHoldingsIncMember" xlink:title="NaviosMaritimeHoldingsIncMember" xlink:type="locator"/>
    <label id="label_NaviosMaritimeHoldingsIncMember" xlink:label="label_NaviosMaritimeHoldingsIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NaviosMaritimeHoldingsIncMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Navios Maritime Holdings.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMaritimeHoldingsIncMember" xlink:title="label: NaviosMaritimeHoldingsIncMember to label_NaviosMaritimeHoldingsIncMember" xlink:to="label_NaviosMaritimeHoldingsIncMember" xlink:type="arc"/>
    <label id="label_NaviosMaritimeHoldingsIncMember_2" xlink:label="label_NaviosMaritimeHoldingsIncMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosMaritimeHoldingsIncMember" xlink:type="resource" xml:lang="en-US">Navios Maritime Holdings Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMaritimeHoldingsIncMember" xlink:title="label: NaviosMaritimeHoldingsIncMember to label_NaviosMaritimeHoldingsIncMember" xlink:to="label_NaviosMaritimeHoldingsIncMember_2" xlink:type="arc"/>
    <label id="label_NaviosMaritimeHoldingsIncMember_3" xlink:label="label_NaviosMaritimeHoldingsIncMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosMaritimeHoldingsIncMember" xlink:type="resource" xml:lang="en-US">Navios Maritime Holdings Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMaritimeHoldingsIncMember" xlink:title="label: NaviosMaritimeHoldingsIncMember to label_NaviosMaritimeHoldingsIncMember" xlink:to="label_NaviosMaritimeHoldingsIncMember_3" xlink:type="arc"/>
    <label id="label_NaviosMaritimeHoldingsIncMember_4" xlink:label="label_NaviosMaritimeHoldingsIncMember_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NaviosMaritimeHoldingsIncMember" xlink:type="resource" xml:lang="en-US">Navios Holdings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMaritimeHoldingsIncMember" xlink:title="label: NaviosMaritimeHoldingsIncMember to label_NaviosMaritimeHoldingsIncMember" xlink:to="label_NaviosMaritimeHoldingsIncMember_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosMaritimePartnersLPMember" xlink:label="NaviosMaritimePartnersLPMember" xlink:title="NaviosMaritimePartnersLPMember" xlink:type="locator"/>
    <label id="label_NaviosMaritimePartnersLPMember" xlink:label="label_NaviosMaritimePartnersLPMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosMaritimePartnersLPMember" xlink:type="resource" xml:lang="en-US">Navios Maritime Partners LP [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMaritimePartnersLPMember" xlink:title="label: NaviosMaritimePartnersLPMember to label_NaviosMaritimePartnersLPMember" xlink:to="label_NaviosMaritimePartnersLPMember" xlink:type="arc"/>
    <label id="label_NaviosMaritimePartnersLPMember_2" xlink:label="label_NaviosMaritimePartnersLPMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosMaritimePartnersLPMember" xlink:type="resource" xml:lang="en-US">Navios Partners</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMaritimePartnersLPMember" xlink:title="label: NaviosMaritimePartnersLPMember to label_NaviosMaritimePartnersLPMember" xlink:to="label_NaviosMaritimePartnersLPMember_2" xlink:type="arc"/>
    <label id="label_NaviosMaritimePartnersLPMember_3" xlink:label="label_NaviosMaritimePartnersLPMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NaviosMaritimePartnersLPMember" xlink:type="resource" xml:lang="en-US">Navios Partners and its subsidiaries</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMaritimePartnersLPMember" xlink:title="label: NaviosMaritimePartnersLPMember to label_NaviosMaritimePartnersLPMember" xlink:to="label_NaviosMaritimePartnersLPMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosMarsMember" xlink:label="NaviosMarsMember" xlink:title="NaviosMarsMember" xlink:type="locator"/>
    <label id="label_NaviosMarsMember" xlink:label="label_NaviosMarsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosMarsMember" xlink:type="resource" xml:lang="en-US">Navios Mars [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMarsMember" xlink:title="label: NaviosMarsMember to label_NaviosMarsMember" xlink:to="label_NaviosMarsMember" xlink:type="arc"/>
    <label id="label_NaviosMarsMember_2" xlink:label="label_NaviosMarsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosMarsMember" xlink:type="resource" xml:lang="en-US">Navios Mars</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMarsMember" xlink:title="label: NaviosMarsMember to label_NaviosMarsMember" xlink:to="label_NaviosMarsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosMelodia1Member" xlink:label="NaviosMelodia1Member" xlink:title="NaviosMelodia1Member" xlink:type="locator"/>
    <label id="label_NaviosMelodia1Member" xlink:label="label_NaviosMelodia1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosMelodia1Member" xlink:type="resource" xml:lang="en-US">Navios Melodia1 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMelodia1Member" xlink:title="label: NaviosMelodia1Member to label_NaviosMelodia1Member" xlink:to="label_NaviosMelodia1Member" xlink:type="arc"/>
    <label id="label_NaviosMelodia1Member_2" xlink:label="label_NaviosMelodia1Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosMelodia1Member" xlink:type="resource" xml:lang="en-US">Navios Melodia</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMelodia1Member" xlink:title="label: NaviosMelodia1Member to label_NaviosMelodia1Member" xlink:to="label_NaviosMelodia1Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosMidstreamAgreementMember" xlink:label="NaviosMidstreamAgreementMember" xlink:title="NaviosMidstreamAgreementMember" xlink:type="locator"/>
    <label id="label_NaviosMidstreamAgreementMember" xlink:label="label_NaviosMidstreamAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosMidstreamAgreementMember" xlink:type="resource" xml:lang="en-US">Navios Midstream Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMidstreamAgreementMember" xlink:title="label: NaviosMidstreamAgreementMember to label_NaviosMidstreamAgreementMember" xlink:to="label_NaviosMidstreamAgreementMember" xlink:type="arc"/>
    <label id="label_NaviosMidstreamAgreementMember_2" xlink:label="label_NaviosMidstreamAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosMidstreamAgreementMember" xlink:type="resource" xml:lang="en-US">Navios Midstream Agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMidstreamAgreementMember" xlink:title="label: NaviosMidstreamAgreementMember to label_NaviosMidstreamAgreementMember" xlink:to="label_NaviosMidstreamAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosMidstreamMember" xlink:label="NaviosMidstreamMember" xlink:title="NaviosMidstreamMember" xlink:type="locator"/>
    <label id="label_NaviosMidstreamMember" xlink:label="label_NaviosMidstreamMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosMidstreamMember" xlink:type="resource" xml:lang="en-US">Navios Midstream [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMidstreamMember" xlink:title="label: NaviosMidstreamMember to label_NaviosMidstreamMember" xlink:to="label_NaviosMidstreamMember" xlink:type="arc"/>
    <label id="label_NaviosMidstreamMember_2" xlink:label="label_NaviosMidstreamMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosMidstreamMember" xlink:type="resource" xml:lang="en-US">Navios Midstream</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMidstreamMember" xlink:title="label: NaviosMidstreamMember to label_NaviosMidstreamMember" xlink:to="label_NaviosMidstreamMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosMidstreamRelatedPartyMember" xlink:label="NaviosMidstreamRelatedPartyMember" xlink:title="NaviosMidstreamRelatedPartyMember" xlink:type="locator"/>
    <label id="label_NaviosMidstreamRelatedPartyMember" xlink:label="label_NaviosMidstreamRelatedPartyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosMidstreamRelatedPartyMember" xlink:type="resource" xml:lang="en-US">Navios Midstream Related Party [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMidstreamRelatedPartyMember" xlink:title="label: NaviosMidstreamRelatedPartyMember to label_NaviosMidstreamRelatedPartyMember" xlink:to="label_NaviosMidstreamRelatedPartyMember" xlink:type="arc"/>
    <label id="label_NaviosMidstreamRelatedPartyMember_2" xlink:label="label_NaviosMidstreamRelatedPartyMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosMidstreamRelatedPartyMember" xlink:type="resource" xml:lang="en-US">Navios Midstream</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMidstreamRelatedPartyMember" xlink:title="label: NaviosMidstreamRelatedPartyMember to label_NaviosMidstreamRelatedPartyMember" xlink:to="label_NaviosMidstreamRelatedPartyMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosMidstreamVlccMember" xlink:label="NaviosMidstreamVlccMember" xlink:title="NaviosMidstreamVlccMember" xlink:type="locator"/>
    <label id="label_NaviosMidstreamVlccMember" xlink:label="label_NaviosMidstreamVlccMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosMidstreamVlccMember" xlink:type="resource" xml:lang="en-US">Navios Midstream Vlcc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMidstreamVlccMember" xlink:title="label: NaviosMidstreamVlccMember to label_NaviosMidstreamVlccMember" xlink:to="label_NaviosMidstreamVlccMember" xlink:type="arc"/>
    <label id="label_NaviosMidstreamVlccMember_2" xlink:label="label_NaviosMidstreamVlccMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosMidstreamVlccMember" xlink:type="resource" xml:lang="en-US">Navios Midstream VLCC</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMidstreamVlccMember" xlink:title="label: NaviosMidstreamVlccMember to label_NaviosMidstreamVlccMember" xlink:to="label_NaviosMidstreamVlccMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosNorthernStarMember" xlink:label="NaviosNorthernStarMember" xlink:title="NaviosNorthernStarMember" xlink:type="locator"/>
    <label id="label_NaviosNorthernStarMember" xlink:label="label_NaviosNorthernStarMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosNorthernStarMember" xlink:type="resource" xml:lang="en-US">Navios Northern Star [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosNorthernStarMember" xlink:title="label: NaviosNorthernStarMember to label_NaviosNorthernStarMember" xlink:to="label_NaviosNorthernStarMember" xlink:type="arc"/>
    <label id="label_NaviosNorthernStarMember_2" xlink:label="label_NaviosNorthernStarMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosNorthernStarMember" xlink:type="resource" xml:lang="en-US">Navios Northern Star</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosNorthernStarMember" xlink:title="label: NaviosNorthernStarMember to label_NaviosNorthernStarMember" xlink:to="label_NaviosNorthernStarMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosPartners2Member" xlink:label="NaviosPartners2Member" xlink:title="NaviosPartners2Member" xlink:type="locator"/>
    <label id="label_NaviosPartners2Member" xlink:label="label_NaviosPartners2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosPartners2Member" xlink:type="resource" xml:lang="en-US">Navios Partners 2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartners2Member" xlink:title="label: NaviosPartners2Member to label_NaviosPartners2Member" xlink:to="label_NaviosPartners2Member" xlink:type="arc"/>
    <label id="label_NaviosPartners2Member_2" xlink:label="label_NaviosPartners2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosPartners2Member" xlink:type="resource" xml:lang="en-US">Navios Partners</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartners2Member" xlink:title="label: NaviosPartners2Member to label_NaviosPartners2Member" xlink:to="label_NaviosPartners2Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosPartners3Member" xlink:label="NaviosPartners3Member" xlink:title="NaviosPartners3Member" xlink:type="locator"/>
    <label id="label_NaviosPartners3Member" xlink:label="label_NaviosPartners3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosPartners3Member" xlink:type="resource" xml:lang="en-US">Navios Partners3 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartners3Member" xlink:title="label: NaviosPartners3Member to label_NaviosPartners3Member" xlink:to="label_NaviosPartners3Member" xlink:type="arc"/>
    <label id="label_NaviosPartners3Member_2" xlink:label="label_NaviosPartners3Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosPartners3Member" xlink:type="resource" xml:lang="en-US">Navios Partners</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartners3Member" xlink:title="label: NaviosPartners3Member to label_NaviosPartners3Member" xlink:to="label_NaviosPartners3Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosPartners4Member" xlink:label="NaviosPartners4Member" xlink:title="NaviosPartners4Member" xlink:type="locator"/>
    <label id="label_NaviosPartners4Member" xlink:label="label_NaviosPartners4Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosPartners4Member" xlink:type="resource" xml:lang="en-US">Navios Partners 4 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartners4Member" xlink:title="label: NaviosPartners4Member to label_NaviosPartners4Member" xlink:to="label_NaviosPartners4Member" xlink:type="arc"/>
    <label id="label_NaviosPartners4Member_2" xlink:label="label_NaviosPartners4Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosPartners4Member" xlink:type="resource" xml:lang="en-US">Navios Partners</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartners4Member" xlink:title="label: NaviosPartners4Member to label_NaviosPartners4Member" xlink:to="label_NaviosPartners4Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosPartnersAgreementMember" xlink:label="NaviosPartnersAgreementMember" xlink:title="NaviosPartnersAgreementMember" xlink:type="locator"/>
    <label id="label_NaviosPartnersAgreementMember" xlink:label="label_NaviosPartnersAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosPartnersAgreementMember" xlink:type="resource" xml:lang="en-US">Navios Partners Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartnersAgreementMember" xlink:title="label: NaviosPartnersAgreementMember to label_NaviosPartnersAgreementMember" xlink:to="label_NaviosPartnersAgreementMember" xlink:type="arc"/>
    <label id="label_NaviosPartnersAgreementMember_2" xlink:label="label_NaviosPartnersAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosPartnersAgreementMember" xlink:type="resource" xml:lang="en-US">Navios Partners Agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartnersAgreementMember" xlink:title="label: NaviosPartnersAgreementMember to label_NaviosPartnersAgreementMember" xlink:to="label_NaviosPartnersAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosPartnersGrossProceedsMember" xlink:label="NaviosPartnersGrossProceedsMember" xlink:title="NaviosPartnersGrossProceedsMember" xlink:type="locator"/>
    <label id="label_NaviosPartnersGrossProceedsMember" xlink:label="label_NaviosPartnersGrossProceedsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosPartnersGrossProceedsMember" xlink:type="resource" xml:lang="en-US">Navios Partners Gross Proceeds [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartnersGrossProceedsMember" xlink:title="label: NaviosPartnersGrossProceedsMember to label_NaviosPartnersGrossProceedsMember" xlink:to="label_NaviosPartnersGrossProceedsMember" xlink:type="arc"/>
    <label id="label_NaviosPartnersGrossProceedsMember_2" xlink:label="label_NaviosPartnersGrossProceedsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosPartnersGrossProceedsMember" xlink:type="resource" xml:lang="en-US">Navios Partners gross proceeds</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartnersGrossProceedsMember" xlink:title="label: NaviosPartnersGrossProceedsMember to label_NaviosPartnersGrossProceedsMember" xlink:to="label_NaviosPartnersGrossProceedsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosPartnersMember" xlink:label="NaviosPartnersMember" xlink:title="NaviosPartnersMember" xlink:type="locator"/>
    <label id="label_NaviosPartnersMember" xlink:label="label_NaviosPartnersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosPartnersMember" xlink:type="resource" xml:lang="en-US">Navios Partners [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartnersMember" xlink:title="label: NaviosPartnersMember to label_NaviosPartnersMember" xlink:to="label_NaviosPartnersMember" xlink:type="arc"/>
    <label id="label_NaviosPartnersMember_2" xlink:label="label_NaviosPartnersMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosPartnersMember" xlink:type="resource" xml:lang="en-US">Navios Partners</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartnersMember" xlink:title="label: NaviosPartnersMember to label_NaviosPartnersMember" xlink:to="label_NaviosPartnersMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosPartnersPrivatePlacementMember" xlink:label="NaviosPartnersPrivatePlacementMember" xlink:title="NaviosPartnersPrivatePlacementMember" xlink:type="locator"/>
    <label id="label_NaviosPartnersPrivatePlacementMember" xlink:label="label_NaviosPartnersPrivatePlacementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosPartnersPrivatePlacementMember" xlink:type="resource" xml:lang="en-US">Navios Partners Private Placement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartnersPrivatePlacementMember" xlink:title="label: NaviosPartnersPrivatePlacementMember to label_NaviosPartnersPrivatePlacementMember" xlink:to="label_NaviosPartnersPrivatePlacementMember" xlink:type="arc"/>
    <label id="label_NaviosPartnersPrivatePlacementMember_2" xlink:label="label_NaviosPartnersPrivatePlacementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosPartnersPrivatePlacementMember" xlink:type="resource" xml:lang="en-US">Navios Partners Private Placement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartnersPrivatePlacementMember" xlink:title="label: NaviosPartnersPrivatePlacementMember to label_NaviosPartnersPrivatePlacementMember" xlink:to="label_NaviosPartnersPrivatePlacementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosPartnersRelatedPartyMember" xlink:label="NaviosPartnersRelatedPartyMember" xlink:title="NaviosPartnersRelatedPartyMember" xlink:type="locator"/>
    <label id="label_NaviosPartnersRelatedPartyMember" xlink:label="label_NaviosPartnersRelatedPartyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosPartnersRelatedPartyMember" xlink:type="resource" xml:lang="en-US">Navios Partners Related Party [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartnersRelatedPartyMember" xlink:title="label: NaviosPartnersRelatedPartyMember to label_NaviosPartnersRelatedPartyMember" xlink:to="label_NaviosPartnersRelatedPartyMember" xlink:type="arc"/>
    <label id="label_NaviosPartnersRelatedPartyMember_2" xlink:label="label_NaviosPartnersRelatedPartyMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosPartnersRelatedPartyMember" xlink:type="resource" xml:lang="en-US">Navios Partners</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartnersRelatedPartyMember" xlink:title="label: NaviosPartnersRelatedPartyMember to label_NaviosPartnersRelatedPartyMember" xlink:to="label_NaviosPartnersRelatedPartyMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosPartnersUnderwritersOptionMember" xlink:label="NaviosPartnersUnderwritersOptionMember" xlink:title="NaviosPartnersUnderwritersOptionMember" xlink:type="locator"/>
    <label id="label_NaviosPartnersUnderwritersOptionMember" xlink:label="label_NaviosPartnersUnderwritersOptionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosPartnersUnderwritersOptionMember" xlink:type="resource" xml:lang="en-US">Navios Partners Underwriters Option [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartnersUnderwritersOptionMember" xlink:title="label: NaviosPartnersUnderwritersOptionMember to label_NaviosPartnersUnderwritersOptionMember" xlink:to="label_NaviosPartnersUnderwritersOptionMember" xlink:type="arc"/>
    <label id="label_NaviosPartnersUnderwritersOptionMember_2" xlink:label="label_NaviosPartnersUnderwritersOptionMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosPartnersUnderwritersOptionMember" xlink:type="resource" xml:lang="en-US">Navios Patnrers Public Offering- Underwriters' Option</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartnersUnderwritersOptionMember" xlink:title="label: NaviosPartnersUnderwritersOptionMember to label_NaviosPartnersUnderwritersOptionMember" xlink:to="label_NaviosPartnersUnderwritersOptionMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosPartnersfortheNaviosGeminiNaviosHyperionNaviosSoleilNaviosHarmonyNaviosOrbiterNaviosFantastiksNaviosAlegriaNaviosPolluxandNaviosSunMember" xlink:label="NaviosPartnersfortheNaviosGeminiNaviosHyperionNaviosSoleilNaviosHarmonyNaviosOrbiterNaviosFantastiksNaviosAlegriaNaviosPolluxandNaviosSunMember" xlink:title="NaviosPartnersfortheNaviosGeminiNaviosHyperionNaviosSoleilNaviosHarmonyNaviosOrbiterNaviosFantastiksNaviosAlegriaNaviosPolluxandNaviosSunMember" xlink:type="locator"/>
    <label id="label_NaviosPartnersfortheNaviosGeminiNaviosHyperionNaviosSoleilNaviosHarmonyNaviosOrbiterNaviosFantastiksNaviosAlegriaNaviosPolluxandNaviosSunMember" xlink:label="label_NaviosPartnersfortheNaviosGeminiNaviosHyperionNaviosSoleilNaviosHarmonyNaviosOrbiterNaviosFantastiksNaviosAlegriaNaviosPolluxandNaviosSunMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosPartnersfortheNaviosGeminiNaviosHyperionNaviosSoleilNaviosHarmonyNaviosOrbiterNaviosFantastiksNaviosAlegriaNaviosPolluxandNaviosSunMember" xlink:type="resource" xml:lang="en-US">Navios Partners for the Navios Gemini, Navios Hyperion, Navios Soleil, Navios Harmony, Navios Orbiter, Navios Fantastiks, Navios Alegria, Navios Pollux and Navios Sun [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartnersfortheNaviosGeminiNaviosHyperionNaviosSoleilNaviosHarmonyNaviosOrbiterNaviosFantastiksNaviosAlegriaNaviosPolluxandNaviosSunMember" xlink:title="label: NaviosPartnersfortheNaviosGeminiNaviosHyperionNaviosSoleilNaviosHarmonyNaviosOrbiterNaviosFantastiksNaviosAlegriaNaviosPolluxandNaviosSunMember to label_NaviosPartnersfortheNaviosGeminiNaviosHyperionNaviosSoleilNaviosHarmonyNaviosOrbiterNaviosFantastiksNaviosAlegriaNaviosPolluxandNaviosSunMember" xlink:to="label_NaviosPartnersfortheNaviosGeminiNaviosHyperionNaviosSoleilNaviosHarmonyNaviosOrbiterNaviosFantastiksNaviosAlegriaNaviosPolluxandNaviosSunMember" xlink:type="arc"/>
    <label id="label_NaviosPartnersfortheNaviosGeminiNaviosHyperionNaviosSoleilNaviosHarmonyNaviosOrbiterNaviosFantastiksNaviosAlegriaNaviosPolluxandNaviosSunMember_2" xlink:label="label_NaviosPartnersfortheNaviosGeminiNaviosHyperionNaviosSoleilNaviosHarmonyNaviosOrbiterNaviosFantastiksNaviosAlegriaNaviosPolluxandNaviosSunMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosPartnersfortheNaviosGeminiNaviosHyperionNaviosSoleilNaviosHarmonyNaviosOrbiterNaviosFantastiksNaviosAlegriaNaviosPolluxandNaviosSunMember" xlink:type="resource" xml:lang="en-US">Navios Partners for the Navios Gemini, Navios Hyperion, Navios Soleil, Navios Harmony, Navios Orbiter, Navios Fantastiks, Navios Alegria, Navios Pollux and Navios Sun</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartnersfortheNaviosGeminiNaviosHyperionNaviosSoleilNaviosHarmonyNaviosOrbiterNaviosFantastiksNaviosAlegriaNaviosPolluxandNaviosSunMember" xlink:title="label: NaviosPartnersfortheNaviosGeminiNaviosHyperionNaviosSoleilNaviosHarmonyNaviosOrbiterNaviosFantastiksNaviosAlegriaNaviosPolluxandNaviosSunMember to label_NaviosPartnersfortheNaviosGeminiNaviosHyperionNaviosSoleilNaviosHarmonyNaviosOrbiterNaviosFantastiksNaviosAlegriaNaviosPolluxandNaviosSunMember" xlink:to="label_NaviosPartnersfortheNaviosGeminiNaviosHyperionNaviosSoleilNaviosHarmonyNaviosOrbiterNaviosFantastiksNaviosAlegriaNaviosPolluxandNaviosSunMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosPolluxMember" xlink:label="NaviosPolluxMember" xlink:title="NaviosPolluxMember" xlink:type="locator"/>
    <label id="label_NaviosPolluxMember" xlink:label="label_NaviosPolluxMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosPolluxMember" xlink:type="resource" xml:lang="en-US">Navios Pollux [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPolluxMember" xlink:title="label: NaviosPolluxMember to label_NaviosPolluxMember" xlink:to="label_NaviosPolluxMember" xlink:type="arc"/>
    <label id="label_NaviosPolluxMember_2" xlink:label="label_NaviosPolluxMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosPolluxMember" xlink:type="resource" xml:lang="en-US">Navios Pollux</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPolluxMember" xlink:title="label: NaviosPolluxMember to label_NaviosPolluxMember" xlink:to="label_NaviosPolluxMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosProsperityMember" xlink:label="NaviosProsperityMember" xlink:title="NaviosProsperityMember" xlink:type="locator"/>
    <label id="label_NaviosProsperityMember" xlink:label="label_NaviosProsperityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosProsperityMember" xlink:type="resource" xml:lang="en-US">Navios Prosperity [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosProsperityMember" xlink:title="label: NaviosProsperityMember to label_NaviosProsperityMember" xlink:to="label_NaviosProsperityMember" xlink:type="arc"/>
    <label id="label_NaviosProsperityMember_2" xlink:label="label_NaviosProsperityMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosProsperityMember" xlink:type="resource" xml:lang="en-US">Navios Prosperity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosProsperityMember" xlink:title="label: NaviosProsperityMember to label_NaviosProsperityMember" xlink:to="label_NaviosProsperityMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosRayMember" xlink:label="NaviosRayMember" xlink:title="NaviosRayMember" xlink:type="locator"/>
    <label id="label_NaviosRayMember" xlink:label="label_NaviosRayMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosRayMember" xlink:type="resource" xml:lang="en-US">Navios Ray [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosRayMember" xlink:title="label: NaviosRayMember to label_NaviosRayMember" xlink:to="label_NaviosRayMember" xlink:type="arc"/>
    <label id="label_NaviosRayMember_2" xlink:label="label_NaviosRayMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosRayMember" xlink:type="resource" xml:lang="en-US">Navios Ray</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosRayMember" xlink:title="label: NaviosRayMember to label_NaviosRayMember" xlink:to="label_NaviosRayMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosRevolvingAndTermLoansMember" xlink:label="NaviosRevolvingAndTermLoansMember" xlink:title="NaviosRevolvingAndTermLoansMember" xlink:type="locator"/>
    <label id="label_NaviosRevolvingAndTermLoansMember" xlink:label="label_NaviosRevolvingAndTermLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosRevolvingAndTermLoansMember" xlink:type="resource" xml:lang="en-US">Navios Europe I Revolving And Term Loans [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosRevolvingAndTermLoansMember" xlink:title="label: NaviosRevolvingAndTermLoansMember to label_NaviosRevolvingAndTermLoansMember" xlink:to="label_NaviosRevolvingAndTermLoansMember" xlink:type="arc"/>
    <label id="label_NaviosRevolvingAndTermLoansMember_2" xlink:label="label_NaviosRevolvingAndTermLoansMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosRevolvingAndTermLoansMember" xlink:type="resource" xml:lang="en-US">Navios Europe I Revolving And Term Loans</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosRevolvingAndTermLoansMember" xlink:title="label: NaviosRevolvingAndTermLoansMember to label_NaviosRevolvingAndTermLoansMember" xlink:to="label_NaviosRevolvingAndTermLoansMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosRevolvingLoans2Member" xlink:label="NaviosRevolvingLoans2Member" xlink:title="NaviosRevolvingLoans2Member" xlink:type="locator"/>
    <label id="label_NaviosRevolvingLoans2Member" xlink:label="label_NaviosRevolvingLoans2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosRevolvingLoans2Member" xlink:type="resource" xml:lang="en-US">Navios Revolving Loans 2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosRevolvingLoans2Member" xlink:title="label: NaviosRevolvingLoans2Member to label_NaviosRevolvingLoans2Member" xlink:to="label_NaviosRevolvingLoans2Member" xlink:type="arc"/>
    <label id="label_NaviosRevolvingLoans2Member_2" xlink:label="label_NaviosRevolvingLoans2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosRevolvingLoans2Member" xlink:type="resource" xml:lang="en-US">Navios Revolving Loans II</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosRevolvingLoans2Member" xlink:title="label: NaviosRevolvingLoans2Member to label_NaviosRevolvingLoans2Member" xlink:to="label_NaviosRevolvingLoans2Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosRevolvingLoansMember" xlink:label="NaviosRevolvingLoansMember" xlink:title="NaviosRevolvingLoansMember" xlink:type="locator"/>
    <label id="label_NaviosRevolvingLoansMember" xlink:label="label_NaviosRevolvingLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosRevolvingLoansMember" xlink:type="resource" xml:lang="en-US">Navios Revolving Loans [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosRevolvingLoansMember" xlink:title="label: NaviosRevolvingLoansMember to label_NaviosRevolvingLoansMember" xlink:to="label_NaviosRevolvingLoansMember" xlink:type="arc"/>
    <label id="label_NaviosRevolvingLoansMember_2" xlink:label="label_NaviosRevolvingLoansMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosRevolvingLoansMember" xlink:type="resource" xml:lang="en-US">Navios Revolving Loans I</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosRevolvingLoansMember" xlink:title="label: NaviosRevolvingLoansMember to label_NaviosRevolvingLoansMember" xlink:to="label_NaviosRevolvingLoansMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosSerenityMember" xlink:label="NaviosSerenityMember" xlink:title="NaviosSerenityMember" xlink:type="locator"/>
    <label id="label_NaviosSerenityMember" xlink:label="label_NaviosSerenityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosSerenityMember" xlink:type="resource" xml:lang="en-US">Navios Serenity [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosSerenityMember" xlink:title="label: NaviosSerenityMember to label_NaviosSerenityMember" xlink:to="label_NaviosSerenityMember" xlink:type="arc"/>
    <label id="label_NaviosSerenityMember_2" xlink:label="label_NaviosSerenityMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosSerenityMember" xlink:type="resource" xml:lang="en-US">Navios Serenity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosSerenityMember" xlink:title="label: NaviosSerenityMember to label_NaviosSerenityMember" xlink:to="label_NaviosSerenityMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosShipmanagementIncMember" xlink:label="NaviosShipmanagementIncMember" xlink:title="NaviosShipmanagementIncMember" xlink:type="locator"/>
    <label id="label_NaviosShipmanagementIncMember" xlink:label="label_NaviosShipmanagementIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NaviosShipmanagementIncMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Navios Ship Management Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosShipmanagementIncMember" xlink:title="label: NaviosShipmanagementIncMember to label_NaviosShipmanagementIncMember" xlink:to="label_NaviosShipmanagementIncMember" xlink:type="arc"/>
    <label id="label_NaviosShipmanagementIncMember_2" xlink:label="label_NaviosShipmanagementIncMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosShipmanagementIncMember" xlink:type="resource" xml:lang="en-US">Navios Shipmanagement Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosShipmanagementIncMember" xlink:title="label: NaviosShipmanagementIncMember to label_NaviosShipmanagementIncMember" xlink:to="label_NaviosShipmanagementIncMember_2" xlink:type="arc"/>
    <label id="label_NaviosShipmanagementIncMember_3" xlink:label="label_NaviosShipmanagementIncMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosShipmanagementIncMember" xlink:type="resource" xml:lang="en-US">Navios Shipmanagement Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosShipmanagementIncMember" xlink:title="label: NaviosShipmanagementIncMember to label_NaviosShipmanagementIncMember" xlink:to="label_NaviosShipmanagementIncMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosSouthAmericanLogisticsIncMember" xlink:label="NaviosSouthAmericanLogisticsIncMember" xlink:title="NaviosSouthAmericanLogisticsIncMember" xlink:type="locator"/>
    <label id="label_NaviosSouthAmericanLogisticsIncMember" xlink:label="label_NaviosSouthAmericanLogisticsIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosSouthAmericanLogisticsIncMember" xlink:type="resource" xml:lang="en-US">Navios South American Logistics Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosSouthAmericanLogisticsIncMember" xlink:title="label: NaviosSouthAmericanLogisticsIncMember to label_NaviosSouthAmericanLogisticsIncMember" xlink:to="label_NaviosSouthAmericanLogisticsIncMember" xlink:type="arc"/>
    <label id="label_NaviosSouthAmericanLogisticsIncMember_2" xlink:label="label_NaviosSouthAmericanLogisticsIncMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosSouthAmericanLogisticsIncMember" xlink:type="resource" xml:lang="en-US">Navios Logistics</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosSouthAmericanLogisticsIncMember" xlink:title="label: NaviosSouthAmericanLogisticsIncMember to label_NaviosSouthAmericanLogisticsIncMember" xlink:to="label_NaviosSouthAmericanLogisticsIncMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosSpheraAndNaviosMarsMember" xlink:label="NaviosSpheraAndNaviosMarsMember" xlink:title="NaviosSpheraAndNaviosMarsMember" xlink:type="locator"/>
    <label id="label_NaviosSpheraAndNaviosMarsMember" xlink:label="label_NaviosSpheraAndNaviosMarsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosSpheraAndNaviosMarsMember" xlink:type="resource" xml:lang="en-US">Navios Sphera And Navios Mars [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosSpheraAndNaviosMarsMember" xlink:title="label: NaviosSpheraAndNaviosMarsMember to label_NaviosSpheraAndNaviosMarsMember" xlink:to="label_NaviosSpheraAndNaviosMarsMember" xlink:type="arc"/>
    <label id="label_NaviosSpheraAndNaviosMarsMember_2" xlink:label="label_NaviosSpheraAndNaviosMarsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosSpheraAndNaviosMarsMember" xlink:type="resource" xml:lang="en-US">Navios Mars and Navios Sphera</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosSpheraAndNaviosMarsMember" xlink:title="label: NaviosSpheraAndNaviosMarsMember to label_NaviosSpheraAndNaviosMarsMember" xlink:to="label_NaviosSpheraAndNaviosMarsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosSpheraMember" xlink:label="NaviosSpheraMember" xlink:title="NaviosSpheraMember" xlink:type="locator"/>
    <label id="label_NaviosSpheraMember" xlink:label="label_NaviosSpheraMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosSpheraMember" xlink:type="resource" xml:lang="en-US">Navios Sphera [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosSpheraMember" xlink:title="label: NaviosSpheraMember to label_NaviosSpheraMember" xlink:to="label_NaviosSpheraMember" xlink:type="arc"/>
    <label id="label_NaviosSpheraMember_2" xlink:label="label_NaviosSpheraMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosSpheraMember" xlink:type="resource" xml:lang="en-US">Navios Sphera</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosSpheraMember" xlink:title="label: NaviosSpheraMember to label_NaviosSpheraMember" xlink:to="label_NaviosSpheraMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember" xlink:label="NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember" xlink:title="NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember" xlink:type="locator"/>
    <label id="label_NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember" xlink:label="label_NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember" xlink:type="resource" xml:lang="en-US">Navios Sun And Navios Orbiter And Navios Soleil And Navios Alegria And Navios Harmony And Navios Hyperion [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember" xlink:title="label: NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember to label_NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember" xlink:to="label_NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember" xlink:type="arc"/>
    <label id="label_NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember_2" xlink:label="label_NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember" xlink:type="resource" xml:lang="en-US">Navios Sun, Navios Orbiter, Navios Soleil, Navios Alegria, Navios Harmony and Navios Hyperion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember" xlink:title="label: NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember to label_NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember" xlink:to="label_NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosTankersManagementIncMember" xlink:label="NaviosTankersManagementIncMember" xlink:title="NaviosTankersManagementIncMember" xlink:type="locator"/>
    <label id="label_NaviosTankersManagementIncMember" xlink:label="label_NaviosTankersManagementIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NaviosTankersManagementIncMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Navios Tankers Management Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosTankersManagementIncMember" xlink:title="label: NaviosTankersManagementIncMember to label_NaviosTankersManagementIncMember" xlink:to="label_NaviosTankersManagementIncMember" xlink:type="arc"/>
    <label id="label_NaviosTankersManagementIncMember_2" xlink:label="label_NaviosTankersManagementIncMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosTankersManagementIncMember" xlink:type="resource" xml:lang="en-US">Navios Tankers Management Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosTankersManagementIncMember" xlink:title="label: NaviosTankersManagementIncMember to label_NaviosTankersManagementIncMember" xlink:to="label_NaviosTankersManagementIncMember_2" xlink:type="arc"/>
    <label id="label_NaviosTankersManagementIncMember_3" xlink:label="label_NaviosTankersManagementIncMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosTankersManagementIncMember" xlink:type="resource" xml:lang="en-US">Navios Tankers Management Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosTankersManagementIncMember" xlink:title="label: NaviosTankersManagementIncMember to label_NaviosTankersManagementIncMember" xlink:to="label_NaviosTankersManagementIncMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosTaurusMember" xlink:label="NaviosTaurusMember" xlink:title="NaviosTaurusMember" xlink:type="locator"/>
    <label id="label_NaviosTaurusMember" xlink:label="label_NaviosTaurusMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosTaurusMember" xlink:type="resource" xml:lang="en-US">Navios Taurus [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosTaurusMember" xlink:title="label: NaviosTaurusMember to label_NaviosTaurusMember" xlink:to="label_NaviosTaurusMember" xlink:type="arc"/>
    <label id="label_NaviosTaurusMember_2" xlink:label="label_NaviosTaurusMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosTaurusMember" xlink:type="resource" xml:lang="en-US">Navios Taurus</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosTaurusMember" xlink:title="label: NaviosTaurusMember to label_NaviosTaurusMember" xlink:to="label_NaviosTaurusMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosTermLoansIIMember" xlink:label="NaviosTermLoansIIMember" xlink:title="NaviosTermLoansIIMember" xlink:type="locator"/>
    <label id="label_NaviosTermLoansIIMember" xlink:label="label_NaviosTermLoansIIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosTermLoansIIMember" xlink:type="resource" xml:lang="en-US">Navios Term Loans II [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosTermLoansIIMember" xlink:title="label: NaviosTermLoansIIMember to label_NaviosTermLoansIIMember" xlink:to="label_NaviosTermLoansIIMember" xlink:type="arc"/>
    <label id="label_NaviosTermLoansIIMember_2" xlink:label="label_NaviosTermLoansIIMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosTermLoansIIMember" xlink:type="resource" xml:lang="en-US">Navios Term Loans II</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosTermLoansIIMember" xlink:title="label: NaviosTermLoansIIMember to label_NaviosTermLoansIIMember" xlink:to="label_NaviosTermLoansIIMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosTermLoansMember" xlink:label="NaviosTermLoansMember" xlink:title="NaviosTermLoansMember" xlink:type="locator"/>
    <label id="label_NaviosTermLoansMember" xlink:label="label_NaviosTermLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosTermLoansMember" xlink:type="resource" xml:lang="en-US">Navios Term Loans [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosTermLoansMember" xlink:title="label: NaviosTermLoansMember to label_NaviosTermLoansMember" xlink:to="label_NaviosTermLoansMember" xlink:type="arc"/>
    <label id="label_NaviosTermLoansMember_2" xlink:label="label_NaviosTermLoansMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosTermLoansMember" xlink:type="resource" xml:lang="en-US">Navios Term Loans I</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosTermLoansMember" xlink:title="label: NaviosTermLoansMember to label_NaviosTermLoansMember" xlink:to="label_NaviosTermLoansMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NetBookValueMember" xlink:label="NetBookValueMember" xlink:title="NetBookValueMember" xlink:type="locator"/>
    <label id="label_NetBookValueMember" xlink:label="label_NetBookValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetBookValueMember" xlink:type="resource" xml:lang="en-US">Net Book Value [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetBookValueMember" xlink:title="label: NetBookValueMember to label_NetBookValueMember" xlink:to="label_NetBookValueMember" xlink:type="arc"/>
    <label id="label_NetBookValueMember_2" xlink:label="label_NetBookValueMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetBookValueMember" xlink:type="resource" xml:lang="en-US">Net Book Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetBookValueMember" xlink:title="label: NetBookValueMember to label_NetBookValueMember" xlink:to="label_NetBookValueMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest" xlink:label="NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest" xlink:title="NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest" xlink:type="locator"/>
    <label id="label_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest" xlink:label="label_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest" xlink:type="resource" xml:lang="en-US">The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest and the preferred stock dividends of subsisidiary and the preferred stock dividends attributable to the noncontrolling interest.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest" xlink:title="label: NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest to label_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest" xlink:to="label_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest" xlink:type="arc"/>
    <label id="label_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest_2" xlink:label="label_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest" xlink:type="resource" xml:lang="en-US">Net Income Including Preferred Stock Dividends Of Subsidiary And Attributable To Noncontrolling Interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest" xlink:title="label: NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest to label_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest" xlink:to="label_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest_2" xlink:type="arc"/>
    <label id="label_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest_3" xlink:label="label_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest" xlink:type="resource" xml:lang="en-US">Net loss</label>
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    <loc xlink:href="nm-20201231.xsd#nm_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:label="NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:title="NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:type="locator"/>
    <label id="label_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:label="label_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:type="resource" xml:lang="en-US">Net income or loss for the period in instances when basic and diluted earnings are the same amount and reported as a single line item on the face of the financial statements.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:title="label: NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted to label_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:to="label_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:type="arc"/>
    <label id="label_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted_2" xlink:label="label_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:type="resource" xml:lang="en-US">Net Income Loss Available To Common Stockholders Basic And Diluted</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:title="label: NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted to label_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:to="label_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted_2" xlink:type="arc"/>
    <label id="label_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted_3" xlink:label="label_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:type="resource" xml:lang="en-US">Loss attributable to Navios Holdings common stockholders, basic and diluted</label>
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    <label id="label_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted_4" xlink:label="label_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted_4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:type="resource" xml:lang="en-US">Loss attributable to Navios Holdings common stockholders, basic and diluted</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:title="label: NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted to label_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:to="label_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NewCapesizeNewPanamaxVesselsMember" xlink:label="NewCapesizeNewPanamaxVesselsMember" xlink:title="NewCapesizeNewPanamaxVesselsMember" xlink:type="locator"/>
    <label id="label_NewCapesizeNewPanamaxVesselsMember" xlink:label="label_NewCapesizeNewPanamaxVesselsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NewCapesizeNewPanamaxVesselsMember" xlink:type="resource" xml:lang="en-US">New Capesize New Panamax Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewCapesizeNewPanamaxVesselsMember" xlink:title="label: NewCapesizeNewPanamaxVesselsMember to label_NewCapesizeNewPanamaxVesselsMember" xlink:to="label_NewCapesizeNewPanamaxVesselsMember" xlink:type="arc"/>
    <label id="label_NewCapesizeNewPanamaxVesselsMember_2" xlink:label="label_NewCapesizeNewPanamaxVesselsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NewCapesizeNewPanamaxVesselsMember" xlink:type="resource" xml:lang="en-US">New Capesize and New Panamax Vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewCapesizeNewPanamaxVesselsMember" xlink:title="label: NewCapesizeNewPanamaxVesselsMember to label_NewCapesizeNewPanamaxVesselsMember" xlink:to="label_NewCapesizeNewPanamaxVesselsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NewCapesizeVesselMember" xlink:label="NewCapesizeVesselMember" xlink:title="NewCapesizeVesselMember" xlink:type="locator"/>
    <label id="label_NewCapesizeVesselMember" xlink:label="label_NewCapesizeVesselMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NewCapesizeVesselMember" xlink:type="resource" xml:lang="en-US">New Capesize Vessel [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewCapesizeVesselMember" xlink:title="label: NewCapesizeVesselMember to label_NewCapesizeVesselMember" xlink:to="label_NewCapesizeVesselMember" xlink:type="arc"/>
    <label id="label_NewCapesizeVesselMember_2" xlink:label="label_NewCapesizeVesselMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NewCapesizeVesselMember" xlink:type="resource" xml:lang="en-US">New Capesize Vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewCapesizeVesselMember" xlink:title="label: NewCapesizeVesselMember to label_NewCapesizeVesselMember" xlink:to="label_NewCapesizeVesselMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NewCharterHireAgreement2Member" xlink:label="NewCharterHireAgreement2Member" xlink:title="NewCharterHireAgreement2Member" xlink:type="locator"/>
    <label id="label_NewCharterHireAgreement2Member" xlink:label="label_NewCharterHireAgreement2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NewCharterHireAgreement2Member" xlink:type="resource" xml:lang="en-US">New Charter Hire Agreement 2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewCharterHireAgreement2Member" xlink:title="label: NewCharterHireAgreement2Member to label_NewCharterHireAgreement2Member" xlink:to="label_NewCharterHireAgreement2Member" xlink:type="arc"/>
    <label id="label_NewCharterHireAgreement2Member_2" xlink:label="label_NewCharterHireAgreement2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NewCharterHireAgreement2Member" xlink:type="resource" xml:lang="en-US">New charter hire agreement 2</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewCharterHireAgreement2Member" xlink:title="label: NewCharterHireAgreement2Member to label_NewCharterHireAgreement2Member" xlink:to="label_NewCharterHireAgreement2Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NewCharterHireAgreementMember" xlink:label="NewCharterHireAgreementMember" xlink:title="NewCharterHireAgreementMember" xlink:type="locator"/>
    <label id="label_NewCharterHireAgreementMember" xlink:label="label_NewCharterHireAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NewCharterHireAgreementMember" xlink:type="resource" xml:lang="en-US">New Charter Hire Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewCharterHireAgreementMember" xlink:title="label: NewCharterHireAgreementMember to label_NewCharterHireAgreementMember" xlink:to="label_NewCharterHireAgreementMember" xlink:type="arc"/>
    <label id="label_NewCharterHireAgreementMember_2" xlink:label="label_NewCharterHireAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NewCharterHireAgreementMember" xlink:type="resource" xml:lang="en-US">New charter hire agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewCharterHireAgreementMember" xlink:title="label: NewCharterHireAgreementMember to label_NewCharterHireAgreementMember" xlink:to="label_NewCharterHireAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NewJuniorLoanIIMember" xlink:label="NewJuniorLoanIIMember" xlink:title="NewJuniorLoanIIMember" xlink:type="locator"/>
    <label id="label_NewJuniorLoanIIMember" xlink:label="label_NewJuniorLoanIIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NewJuniorLoanIIMember" xlink:type="resource" xml:lang="en-US">New Junior Loan II [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewJuniorLoanIIMember" xlink:title="label: NewJuniorLoanIIMember to label_NewJuniorLoanIIMember" xlink:to="label_NewJuniorLoanIIMember" xlink:type="arc"/>
    <label id="label_NewJuniorLoanIIMember_2" xlink:label="label_NewJuniorLoanIIMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NewJuniorLoanIIMember" xlink:type="resource" xml:lang="en-US">New Junior Loan II</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewJuniorLoanIIMember" xlink:title="label: NewJuniorLoanIIMember to label_NewJuniorLoanIIMember" xlink:to="label_NewJuniorLoanIIMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NewJuniorLoanMember" xlink:label="NewJuniorLoanMember" xlink:title="NewJuniorLoanMember" xlink:type="locator"/>
    <label id="label_NewJuniorLoanMember" xlink:label="label_NewJuniorLoanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NewJuniorLoanMember" xlink:type="resource" xml:lang="en-US">New Junior Loan [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewJuniorLoanMember" xlink:title="label: NewJuniorLoanMember to label_NewJuniorLoanMember" xlink:to="label_NewJuniorLoanMember" xlink:type="arc"/>
    <label id="label_NewJuniorLoanMember_2" xlink:label="label_NewJuniorLoanMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NewJuniorLoanMember" xlink:type="resource" xml:lang="en-US">New Junior Loan I</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewJuniorLoanMember" xlink:title="label: NewJuniorLoanMember to label_NewJuniorLoanMember" xlink:to="label_NewJuniorLoanMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NewPanamaxVesselMember" xlink:label="NewPanamaxVesselMember" xlink:title="NewPanamaxVesselMember" xlink:type="locator"/>
    <label id="label_NewPanamaxVesselMember" xlink:label="label_NewPanamaxVesselMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NewPanamaxVesselMember" xlink:type="resource" xml:lang="en-US">New Panamax Vessel [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewPanamaxVesselMember" xlink:title="label: NewPanamaxVesselMember to label_NewPanamaxVesselMember" xlink:to="label_NewPanamaxVesselMember" xlink:type="arc"/>
    <label id="label_NewPanamaxVesselMember_2" xlink:label="label_NewPanamaxVesselMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NewPanamaxVesselMember" xlink:type="resource" xml:lang="en-US">New Panamax Vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewPanamaxVesselMember" xlink:title="label: NewPanamaxVesselMember to label_NewPanamaxVesselMember" xlink:to="label_NewPanamaxVesselMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NewbuildingProgramDryBargesMember" xlink:label="NewbuildingProgramDryBargesMember" xlink:title="NewbuildingProgramDryBargesMember" xlink:type="locator"/>
    <label id="label_NewbuildingProgramDryBargesMember" xlink:label="label_NewbuildingProgramDryBargesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NewbuildingProgramDryBargesMember" xlink:type="resource" xml:lang="en-US">Newbuilding Program Dry Barges [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewbuildingProgramDryBargesMember" xlink:title="label: NewbuildingProgramDryBargesMember to label_NewbuildingProgramDryBargesMember" xlink:to="label_NewbuildingProgramDryBargesMember" xlink:type="arc"/>
    <label id="label_NewbuildingProgramDryBargesMember_2" xlink:label="label_NewbuildingProgramDryBargesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NewbuildingProgramDryBargesMember" xlink:type="resource" xml:lang="en-US">All Newbuilding Dry Barges</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewbuildingProgramDryBargesMember" xlink:title="label: NewbuildingProgramDryBargesMember to label_NewbuildingProgramDryBargesMember" xlink:to="label_NewbuildingProgramDryBargesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NewbuildingVesselsMember" xlink:label="NewbuildingVesselsMember" xlink:title="NewbuildingVesselsMember" xlink:type="locator"/>
    <label id="label_NewbuildingVesselsMember" xlink:label="label_NewbuildingVesselsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NewbuildingVesselsMember" xlink:type="resource" xml:lang="en-US">Newbuilding Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewbuildingVesselsMember" xlink:title="label: NewbuildingVesselsMember to label_NewbuildingVesselsMember" xlink:to="label_NewbuildingVesselsMember" xlink:type="arc"/>
    <label id="label_NewbuildingVesselsMember_2" xlink:label="label_NewbuildingVesselsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NewbuildingVesselsMember" xlink:type="resource" xml:lang="en-US">Newbuilding owned vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewbuildingVesselsMember" xlink:title="label: NewbuildingVesselsMember to label_NewbuildingVesselsMember" xlink:to="label_NewbuildingVesselsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NineVesselsMember" xlink:label="NineVesselsMember" xlink:title="NineVesselsMember" xlink:type="locator"/>
    <label id="label_NineVesselsMember" xlink:label="label_NineVesselsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NineVesselsMember" xlink:type="resource" xml:lang="en-US">Nine Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NineVesselsMember" xlink:title="label: NineVesselsMember to label_NineVesselsMember" xlink:to="label_NineVesselsMember" xlink:type="arc"/>
    <label id="label_NineVesselsMember_2" xlink:label="label_NineVesselsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NineVesselsMember" xlink:type="resource" xml:lang="en-US">Nine vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NineVesselsMember" xlink:title="label: NineVesselsMember to label_NineVesselsMember" xlink:to="label_NineVesselsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities" xlink:label="NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities" xlink:title="NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities" xlink:type="locator"/>
    <label id="label_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities" xlink:label="label_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities" xlink:type="resource" xml:lang="en-US">Non cash amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities" xlink:title="label: NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities to label_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities" xlink:to="label_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities" xlink:type="arc"/>
    <label id="label_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities_2" xlink:label="label_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities" xlink:type="resource" xml:lang="en-US">Non Cash Or Part Non Cash For Investments In Available For Sale Securities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities" xlink:title="label: NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities to label_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities" xlink:to="label_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities_2" xlink:type="arc"/>
    <label id="label_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities_3" xlink:label="label_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities" xlink:type="resource" xml:lang="en-US">Investments in available-for-sale securities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities" xlink:title="label: NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities to label_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities" xlink:to="label_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NonWhollyOwnedSubsidiaryIndebtednessMember" xlink:label="NonWhollyOwnedSubsidiaryIndebtednessMember" xlink:title="NonWhollyOwnedSubsidiaryIndebtednessMember" xlink:type="locator"/>
    <label id="label_NonWhollyOwnedSubsidiaryIndebtednessMember" xlink:label="label_NonWhollyOwnedSubsidiaryIndebtednessMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonWhollyOwnedSubsidiaryIndebtednessMember" xlink:type="resource" xml:lang="en-US">Non Wholly Owned Subsidiary Indebtedness [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonWhollyOwnedSubsidiaryIndebtednessMember" xlink:title="label: NonWhollyOwnedSubsidiaryIndebtednessMember to label_NonWhollyOwnedSubsidiaryIndebtednessMember" xlink:to="label_NonWhollyOwnedSubsidiaryIndebtednessMember" xlink:type="arc"/>
    <label id="label_NonWhollyOwnedSubsidiaryIndebtednessMember_2" xlink:label="label_NonWhollyOwnedSubsidiaryIndebtednessMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NonWhollyOwnedSubsidiaryIndebtednessMember" xlink:type="resource" xml:lang="en-US">Non-Wholly Owned Subsidiaries' Indebtedness</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonWhollyOwnedSubsidiaryIndebtednessMember" xlink:title="label: NonWhollyOwnedSubsidiaryIndebtednessMember to label_NonWhollyOwnedSubsidiaryIndebtednessMember" xlink:to="label_NonWhollyOwnedSubsidiaryIndebtednessMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NostosShipmanagementCorpMember" xlink:label="NostosShipmanagementCorpMember" xlink:title="NostosShipmanagementCorpMember" xlink:type="locator"/>
    <label id="label_NostosShipmanagementCorpMember" xlink:label="label_NostosShipmanagementCorpMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NostosShipmanagementCorpMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Nostos Ship Management Corp.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NostosShipmanagementCorpMember" xlink:title="label: NostosShipmanagementCorpMember to label_NostosShipmanagementCorpMember" xlink:to="label_NostosShipmanagementCorpMember" xlink:type="arc"/>
    <label id="label_NostosShipmanagementCorpMember_2" xlink:label="label_NostosShipmanagementCorpMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NostosShipmanagementCorpMember" xlink:type="resource" xml:lang="en-US">Nostos Shipmanagement Corp [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NostosShipmanagementCorpMember" xlink:title="label: NostosShipmanagementCorpMember to label_NostosShipmanagementCorpMember" xlink:to="label_NostosShipmanagementCorpMember_2" xlink:type="arc"/>
    <label id="label_NostosShipmanagementCorpMember_3" xlink:label="label_NostosShipmanagementCorpMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NostosShipmanagementCorpMember" xlink:type="resource" xml:lang="en-US">Nostos Shipmanagement Corp.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NostosShipmanagementCorpMember" xlink:title="label: NostosShipmanagementCorpMember to label_NostosShipmanagementCorpMember" xlink:to="label_NostosShipmanagementCorpMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NotesPayableMember" xlink:label="NotesPayableMember" xlink:title="NotesPayableMember" xlink:type="locator"/>
    <label id="label_NotesPayableMember" xlink:label="label_NotesPayableMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesPayableMember" xlink:type="resource" xml:lang="en-US">Notes Payable [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayableMember" xlink:title="label: NotesPayableMember to label_NotesPayableMember" xlink:to="label_NotesPayableMember" xlink:type="arc"/>
    <label id="label_NotesPayableMember_2" xlink:label="label_NotesPayableMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotesPayableMember" xlink:type="resource" xml:lang="en-US">Navios Logistics Notes Payable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayableMember" xlink:title="label: NotesPayableMember to label_NotesPayableMember" xlink:to="label_NotesPayableMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:label="NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:title="NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:type="locator"/>
    <label id="label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure_2" xlink:label="label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">The fair value for notes payable (written promise to pay), payable to related parties, which are due after one year (or one business cycle).</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:title="label: NotesPayableRelatedPartiesNoncurrentFairValueDisclosure to label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:to="label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:type="arc"/>
    <label id="label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure_3" xlink:label="label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Loan payable to affiliate company - Fair Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:title="label: NotesPayableRelatedPartiesNoncurrentFairValueDisclosure to label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:to="label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure_2" xlink:type="arc"/>
    <label id="label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:label="label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Loan payable to affiliate company</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:title="label: NotesPayableRelatedPartiesNoncurrentFairValueDisclosure to label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:to="label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure_3" xlink:type="arc"/>
    <label id="label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure_4" xlink:label="label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Loan payable to affiliate companies, including current portion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:title="label: NotesPayableRelatedPartiesNoncurrentFairValueDisclosure to label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:to="label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NovationAgreementDateOfAgreement" xlink:label="NovationAgreementDateOfAgreement" xlink:title="NovationAgreementDateOfAgreement" xlink:type="locator"/>
    <label id="label_NovationAgreementDateOfAgreement" xlink:label="label_NovationAgreementDateOfAgreement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NovationAgreementDateOfAgreement" xlink:type="resource" xml:lang="en-US">Date the novation agreement was made whereby the rights to the time charter contracts were transferred to the reporting entity.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NovationAgreementDateOfAgreement" xlink:title="label: NovationAgreementDateOfAgreement to label_NovationAgreementDateOfAgreement" xlink:to="label_NovationAgreementDateOfAgreement" xlink:type="arc"/>
    <label id="label_NovationAgreementDateOfAgreement_2" xlink:label="label_NovationAgreementDateOfAgreement_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NovationAgreementDateOfAgreement" xlink:type="resource" xml:lang="en-US">Novation Agreement Date Of Agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NovationAgreementDateOfAgreement" xlink:title="label: NovationAgreementDateOfAgreement to label_NovationAgreementDateOfAgreement" xlink:to="label_NovationAgreementDateOfAgreement_2" xlink:type="arc"/>
    <label id="label_NovationAgreementDateOfAgreement_3" xlink:label="label_NovationAgreementDateOfAgreement_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NovationAgreementDateOfAgreement" xlink:type="resource" xml:lang="en-US">Date of agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NovationAgreementDateOfAgreement" xlink:title="label: NovationAgreementDateOfAgreement to label_NovationAgreementDateOfAgreement" xlink:to="label_NovationAgreementDateOfAgreement_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NovationAgreementMember" xlink:label="NovationAgreementMember" xlink:title="NovationAgreementMember" xlink:type="locator"/>
    <label id="label_NovationAgreementMember" xlink:label="label_NovationAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NovationAgreementMember" xlink:type="resource" xml:lang="en-US">Novation Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NovationAgreementMember" xlink:title="label: NovationAgreementMember to label_NovationAgreementMember" xlink:to="label_NovationAgreementMember" xlink:type="arc"/>
    <label id="label_NovationAgreementMember_2" xlink:label="label_NovationAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NovationAgreementMember" xlink:type="resource" xml:lang="en-US">Novation agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NovationAgreementMember" xlink:title="label: NovationAgreementMember to label_NovationAgreementMember" xlink:to="label_NovationAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NsalOtherLoansMember" xlink:label="NsalOtherLoansMember" xlink:title="NsalOtherLoansMember" xlink:type="locator"/>
    <label id="label_NsalOtherLoansMember" xlink:label="label_NsalOtherLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NsalOtherLoansMember" xlink:type="resource" xml:lang="en-US">Nsal Other Loans [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NsalOtherLoansMember" xlink:title="label: NsalOtherLoansMember to label_NsalOtherLoansMember" xlink:to="label_NsalOtherLoansMember" xlink:type="arc"/>
    <label id="label_NsalOtherLoansMember_2" xlink:label="label_NsalOtherLoansMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NsalOtherLoansMember" xlink:type="resource" xml:lang="en-US">Other long-term loans</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NsalOtherLoansMember" xlink:title="label: NsalOtherLoansMember to label_NsalOtherLoansMember" xlink:to="label_NsalOtherLoansMember_2" xlink:type="arc"/>
    <label id="label_NsalOtherLoansMember_3" xlink:label="label_NsalOtherLoansMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NsalOtherLoansMember" xlink:type="resource" xml:lang="en-US">Navios Logistics Other Indebtedness</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NsalOtherLoansMember" xlink:title="label: NsalOtherLoansMember to label_NsalOtherLoansMember" xlink:to="label_NsalOtherLoansMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NumberOfCancellatedTranches" xlink:label="NumberOfCancellatedTranches" xlink:title="NumberOfCancellatedTranches" xlink:type="locator"/>
    <label id="label_NumberOfCancellatedTranches" xlink:label="label_NumberOfCancellatedTranches" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfCancellatedTranches" xlink:type="resource" xml:lang="en-US">The number of the cancellated tranches.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfCancellatedTranches" xlink:title="label: NumberOfCancellatedTranches to label_NumberOfCancellatedTranches" xlink:to="label_NumberOfCancellatedTranches" xlink:type="arc"/>
    <label id="label_NumberOfCancellatedTranches_2" xlink:label="label_NumberOfCancellatedTranches_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfCancellatedTranches" xlink:type="resource" xml:lang="en-US">Number Of Cancellated Tranches</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfCancellatedTranches" xlink:title="label: NumberOfCancellatedTranches to label_NumberOfCancellatedTranches" xlink:to="label_NumberOfCancellatedTranches_2" xlink:type="arc"/>
    <label id="label_NumberOfCancellatedTranches_3" xlink:label="label_NumberOfCancellatedTranches_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfCancellatedTranches" xlink:type="resource" xml:lang="en-US">Number of the cancellated tranches</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfCancellatedTranches" xlink:title="label: NumberOfCancellatedTranches to label_NumberOfCancellatedTranches" xlink:to="label_NumberOfCancellatedTranches_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NumberOfLoanTranches" xlink:label="NumberOfLoanTranches" xlink:title="NumberOfLoanTranches" xlink:type="locator"/>
    <label id="label_NumberOfLoanTranches" xlink:label="label_NumberOfLoanTranches" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfLoanTranches" xlink:type="resource" xml:lang="en-US">Number of loan tranches.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfLoanTranches" xlink:title="label: NumberOfLoanTranches to label_NumberOfLoanTranches" xlink:to="label_NumberOfLoanTranches" xlink:type="arc"/>
    <label id="label_NumberOfLoanTranches_2" xlink:label="label_NumberOfLoanTranches_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfLoanTranches" xlink:type="resource" xml:lang="en-US">Number Of Loan Tranches</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfLoanTranches" xlink:title="label: NumberOfLoanTranches to label_NumberOfLoanTranches" xlink:to="label_NumberOfLoanTranches_2" xlink:type="arc"/>
    <label id="label_NumberOfLoanTranches_3" xlink:label="label_NumberOfLoanTranches_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfLoanTranches" xlink:type="resource" xml:lang="en-US">Number of loan tranches</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfLoanTranches" xlink:title="label: NumberOfLoanTranches to label_NumberOfLoanTranches" xlink:to="label_NumberOfLoanTranches_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NumberOfVesselsAcquired" xlink:label="NumberOfVesselsAcquired" xlink:title="NumberOfVesselsAcquired" xlink:type="locator"/>
    <label id="label_NumberOfVesselsAcquired" xlink:label="label_NumberOfVesselsAcquired" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfVesselsAcquired" xlink:type="resource" xml:lang="en-US">The number of vessels acquired by the company.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfVesselsAcquired" xlink:title="label: NumberOfVesselsAcquired to label_NumberOfVesselsAcquired" xlink:to="label_NumberOfVesselsAcquired" xlink:type="arc"/>
    <label id="label_NumberOfVesselsAcquired_2" xlink:label="label_NumberOfVesselsAcquired_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfVesselsAcquired" xlink:type="resource" xml:lang="en-US">Number Of Vessels Acquired</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfVesselsAcquired" xlink:title="label: NumberOfVesselsAcquired to label_NumberOfVesselsAcquired" xlink:to="label_NumberOfVesselsAcquired_2" xlink:type="arc"/>
    <label id="label_NumberOfVesselsAcquired_3" xlink:label="label_NumberOfVesselsAcquired_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfVesselsAcquired" xlink:type="resource" xml:lang="en-US">Number of vessels acquired</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfVesselsAcquired" xlink:title="label: NumberOfVesselsAcquired to label_NumberOfVesselsAcquired" xlink:to="label_NumberOfVesselsAcquired_3" xlink:type="arc"/>
    <label id="label_NumberOfVesselsAcquired_4" xlink:label="label_NumberOfVesselsAcquired_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NumberOfVesselsAcquired" xlink:type="resource" xml:lang="en-US">Number of vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfVesselsAcquired" xlink:title="label: NumberOfVesselsAcquired to label_NumberOfVesselsAcquired" xlink:to="label_NumberOfVesselsAcquired_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NumberOfVesselsUnderConstruction" xlink:label="NumberOfVesselsUnderConstruction" xlink:title="NumberOfVesselsUnderConstruction" xlink:type="locator"/>
    <label id="label_NumberOfVesselsUnderConstruction" xlink:label="label_NumberOfVesselsUnderConstruction" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfVesselsUnderConstruction" xlink:type="resource" xml:lang="en-US">Number of vessels under construction.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfVesselsUnderConstruction" xlink:title="label: NumberOfVesselsUnderConstruction to label_NumberOfVesselsUnderConstruction" xlink:to="label_NumberOfVesselsUnderConstruction" xlink:type="arc"/>
    <label id="label_NumberOfVesselsUnderConstruction_2" xlink:label="label_NumberOfVesselsUnderConstruction_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfVesselsUnderConstruction" xlink:type="resource" xml:lang="en-US">Number Of Vessels Under Construction</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfVesselsUnderConstruction" xlink:title="label: NumberOfVesselsUnderConstruction to label_NumberOfVesselsUnderConstruction" xlink:to="label_NumberOfVesselsUnderConstruction_2" xlink:type="arc"/>
    <label id="label_NumberOfVesselsUnderConstruction_3" xlink:label="label_NumberOfVesselsUnderConstruction_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfVesselsUnderConstruction" xlink:type="resource" xml:lang="en-US">Number of vessels under construction</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfVesselsUnderConstruction" xlink:title="label: NumberOfVesselsUnderConstruction to label_NumberOfVesselsUnderConstruction" xlink:to="label_NumberOfVesselsUnderConstruction_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NumberVestedSharesMember" xlink:label="NumberVestedSharesMember" xlink:title="NumberVestedSharesMember" xlink:type="locator"/>
    <label id="label_NumberVestedSharesMember" xlink:label="label_NumberVestedSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberVestedSharesMember" xlink:type="resource" xml:lang="en-US">Number Of Vested Shares [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberVestedSharesMember" xlink:title="label: NumberVestedSharesMember to label_NumberVestedSharesMember" xlink:to="label_NumberVestedSharesMember" xlink:type="arc"/>
    <label id="label_NumberVestedSharesMember_2" xlink:label="label_NumberVestedSharesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberVestedSharesMember" xlink:type="resource" xml:lang="en-US">Shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberVestedSharesMember" xlink:title="label: NumberVestedSharesMember to label_NumberVestedSharesMember" xlink:to="label_NumberVestedSharesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OceanGoingVesselMember" xlink:label="OceanGoingVesselMember" xlink:title="OceanGoingVesselMember" xlink:type="locator"/>
    <label id="label_OceanGoingVesselMember" xlink:label="label_OceanGoingVesselMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OceanGoingVesselMember" xlink:type="resource" xml:lang="en-US">Ocean Going Vessel [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OceanGoingVesselMember" xlink:title="label: OceanGoingVesselMember to label_OceanGoingVesselMember" xlink:to="label_OceanGoingVesselMember" xlink:type="arc"/>
    <label id="label_OceanGoingVesselMember_2" xlink:label="label_OceanGoingVesselMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OceanGoingVesselMember" xlink:type="resource" xml:lang="en-US">Ocean-going vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OceanGoingVesselMember" xlink:title="label: OceanGoingVesselMember to label_OceanGoingVesselMember" xlink:to="label_OceanGoingVesselMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OffMarketLeaseAmortizationIncomeAfterYearFive" xlink:label="OffMarketLeaseAmortizationIncomeAfterYearFive" xlink:title="OffMarketLeaseAmortizationIncomeAfterYearFive" xlink:type="locator"/>
    <label id="label_OffMarketLeaseAmortizationIncomeAfterYearFive" xlink:label="label_OffMarketLeaseAmortizationIncomeAfterYearFive" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OffMarketLeaseAmortizationIncomeAfterYearFive" xlink:type="resource" xml:lang="en-US">Amount of amortization income for leases with a finite life acquired as part of a property, plant or equipment acquisition at below market lease rate expected to be recognized after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseAmortizationIncomeAfterYearFive" xlink:title="label: OffMarketLeaseAmortizationIncomeAfterYearFive to label_OffMarketLeaseAmortizationIncomeAfterYearFive" xlink:to="label_OffMarketLeaseAmortizationIncomeAfterYearFive" xlink:type="arc"/>
    <label id="label_OffMarketLeaseAmortizationIncomeAfterYearFive_2" xlink:label="label_OffMarketLeaseAmortizationIncomeAfterYearFive_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OffMarketLeaseAmortizationIncomeAfterYearFive" xlink:type="resource" xml:lang="en-US">Off Market Lease Amortization Income After Year Five</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseAmortizationIncomeAfterYearFive" xlink:title="label: OffMarketLeaseAmortizationIncomeAfterYearFive to label_OffMarketLeaseAmortizationIncomeAfterYearFive" xlink:to="label_OffMarketLeaseAmortizationIncomeAfterYearFive_2" xlink:type="arc"/>
    <label id="label_OffMarketLeaseAmortizationIncomeAfterYearFive_3" xlink:label="label_OffMarketLeaseAmortizationIncomeAfterYearFive_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OffMarketLeaseAmortizationIncomeAfterYearFive" xlink:type="resource" xml:lang="en-US">Thereafter</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseAmortizationIncomeAfterYearFive" xlink:title="label: OffMarketLeaseAmortizationIncomeAfterYearFive to label_OffMarketLeaseAmortizationIncomeAfterYearFive" xlink:to="label_OffMarketLeaseAmortizationIncomeAfterYearFive_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OffMarketLeaseAmortizationIncomeNextTwelveMonths" xlink:label="OffMarketLeaseAmortizationIncomeNextTwelveMonths" xlink:title="OffMarketLeaseAmortizationIncomeNextTwelveMonths" xlink:type="locator"/>
    <label id="label_OffMarketLeaseAmortizationIncomeNextTwelveMonths" xlink:label="label_OffMarketLeaseAmortizationIncomeNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OffMarketLeaseAmortizationIncomeNextTwelveMonths" xlink:type="resource" xml:lang="en-US">Amount of amortization income for leases with a finite life acquired as part of a property, plant or equipment acquisition at below market lease rate expected to be recognized during the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseAmortizationIncomeNextTwelveMonths" xlink:title="label: OffMarketLeaseAmortizationIncomeNextTwelveMonths to label_OffMarketLeaseAmortizationIncomeNextTwelveMonths" xlink:to="label_OffMarketLeaseAmortizationIncomeNextTwelveMonths" xlink:type="arc"/>
    <label id="label_OffMarketLeaseAmortizationIncomeNextTwelveMonths_2" xlink:label="label_OffMarketLeaseAmortizationIncomeNextTwelveMonths_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OffMarketLeaseAmortizationIncomeNextTwelveMonths" xlink:type="resource" xml:lang="en-US">Off Market Lease Amortization Income Next Twelve Months</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseAmortizationIncomeNextTwelveMonths" xlink:title="label: OffMarketLeaseAmortizationIncomeNextTwelveMonths to label_OffMarketLeaseAmortizationIncomeNextTwelveMonths" xlink:to="label_OffMarketLeaseAmortizationIncomeNextTwelveMonths_2" xlink:type="arc"/>
    <label id="label_OffMarketLeaseAmortizationIncomeNextTwelveMonths_3" xlink:label="label_OffMarketLeaseAmortizationIncomeNextTwelveMonths_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OffMarketLeaseAmortizationIncomeNextTwelveMonths" xlink:type="resource" xml:lang="en-US">Within one year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseAmortizationIncomeNextTwelveMonths" xlink:title="label: OffMarketLeaseAmortizationIncomeNextTwelveMonths to label_OffMarketLeaseAmortizationIncomeNextTwelveMonths" xlink:to="label_OffMarketLeaseAmortizationIncomeNextTwelveMonths_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OffMarketLeaseAmortizationIncomeYearFive" xlink:label="OffMarketLeaseAmortizationIncomeYearFive" xlink:title="OffMarketLeaseAmortizationIncomeYearFive" xlink:type="locator"/>
    <label id="label_OffMarketLeaseAmortizationIncomeYearFive" xlink:label="label_OffMarketLeaseAmortizationIncomeYearFive" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OffMarketLeaseAmortizationIncomeYearFive" xlink:type="resource" xml:lang="en-US">Amount of amortization income for leases with a finite life acquired as part of a property, plant or equipment acquisition at below market lease rate expected to be recognized during the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseAmortizationIncomeYearFive" xlink:title="label: OffMarketLeaseAmortizationIncomeYearFive to label_OffMarketLeaseAmortizationIncomeYearFive" xlink:to="label_OffMarketLeaseAmortizationIncomeYearFive" xlink:type="arc"/>
    <label id="label_OffMarketLeaseAmortizationIncomeYearFive_2" xlink:label="label_OffMarketLeaseAmortizationIncomeYearFive_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OffMarketLeaseAmortizationIncomeYearFive" xlink:type="resource" xml:lang="en-US">Off Market Lease Amortization Income Year Five</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseAmortizationIncomeYearFive" xlink:title="label: OffMarketLeaseAmortizationIncomeYearFive to label_OffMarketLeaseAmortizationIncomeYearFive" xlink:to="label_OffMarketLeaseAmortizationIncomeYearFive_2" xlink:type="arc"/>
    <label id="label_OffMarketLeaseAmortizationIncomeYearFive_3" xlink:label="label_OffMarketLeaseAmortizationIncomeYearFive_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OffMarketLeaseAmortizationIncomeYearFive" xlink:type="resource" xml:lang="en-US">Year Five</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseAmortizationIncomeYearFive" xlink:title="label: OffMarketLeaseAmortizationIncomeYearFive to label_OffMarketLeaseAmortizationIncomeYearFive" xlink:to="label_OffMarketLeaseAmortizationIncomeYearFive_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OffMarketLeaseAmortizationIncomeYearFour" xlink:label="OffMarketLeaseAmortizationIncomeYearFour" xlink:title="OffMarketLeaseAmortizationIncomeYearFour" xlink:type="locator"/>
    <label id="label_OffMarketLeaseAmortizationIncomeYearFour" xlink:label="label_OffMarketLeaseAmortizationIncomeYearFour" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OffMarketLeaseAmortizationIncomeYearFour" xlink:type="resource" xml:lang="en-US">Amount of amortization income for leases with a finite life acquired as part of a property, plant or equipment acquisition at below market lease rate expected to be recognized during the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseAmortizationIncomeYearFour" xlink:title="label: OffMarketLeaseAmortizationIncomeYearFour to label_OffMarketLeaseAmortizationIncomeYearFour" xlink:to="label_OffMarketLeaseAmortizationIncomeYearFour" xlink:type="arc"/>
    <label id="label_OffMarketLeaseAmortizationIncomeYearFour_2" xlink:label="label_OffMarketLeaseAmortizationIncomeYearFour_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OffMarketLeaseAmortizationIncomeYearFour" xlink:type="resource" xml:lang="en-US">Off Market Lease Amortization Income Year Four</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseAmortizationIncomeYearFour" xlink:title="label: OffMarketLeaseAmortizationIncomeYearFour to label_OffMarketLeaseAmortizationIncomeYearFour" xlink:to="label_OffMarketLeaseAmortizationIncomeYearFour_2" xlink:type="arc"/>
    <label id="label_OffMarketLeaseAmortizationIncomeYearFour_3" xlink:label="label_OffMarketLeaseAmortizationIncomeYearFour_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OffMarketLeaseAmortizationIncomeYearFour" xlink:type="resource" xml:lang="en-US">Year Four</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseAmortizationIncomeYearFour" xlink:title="label: OffMarketLeaseAmortizationIncomeYearFour to label_OffMarketLeaseAmortizationIncomeYearFour" xlink:to="label_OffMarketLeaseAmortizationIncomeYearFour_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OffMarketLeaseAmortizationIncomeYearThree" xlink:label="OffMarketLeaseAmortizationIncomeYearThree" xlink:title="OffMarketLeaseAmortizationIncomeYearThree" xlink:type="locator"/>
    <label id="label_OffMarketLeaseAmortizationIncomeYearThree" xlink:label="label_OffMarketLeaseAmortizationIncomeYearThree" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OffMarketLeaseAmortizationIncomeYearThree" xlink:type="resource" xml:lang="en-US">Amount of amortization income for leases with a finite life acquired as part of a property, plant or equipment acquisition at below market lease rate expected to be recognized during the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseAmortizationIncomeYearThree" xlink:title="label: OffMarketLeaseAmortizationIncomeYearThree to label_OffMarketLeaseAmortizationIncomeYearThree" xlink:to="label_OffMarketLeaseAmortizationIncomeYearThree" xlink:type="arc"/>
    <label id="label_OffMarketLeaseAmortizationIncomeYearThree_2" xlink:label="label_OffMarketLeaseAmortizationIncomeYearThree_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OffMarketLeaseAmortizationIncomeYearThree" xlink:type="resource" xml:lang="en-US">Off Market Lease Amortization Income Year Three</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseAmortizationIncomeYearThree" xlink:title="label: OffMarketLeaseAmortizationIncomeYearThree to label_OffMarketLeaseAmortizationIncomeYearThree" xlink:to="label_OffMarketLeaseAmortizationIncomeYearThree_2" xlink:type="arc"/>
    <label id="label_OffMarketLeaseAmortizationIncomeYearThree_3" xlink:label="label_OffMarketLeaseAmortizationIncomeYearThree_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OffMarketLeaseAmortizationIncomeYearThree" xlink:type="resource" xml:lang="en-US">Year Three</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseAmortizationIncomeYearThree" xlink:title="label: OffMarketLeaseAmortizationIncomeYearThree to label_OffMarketLeaseAmortizationIncomeYearThree" xlink:to="label_OffMarketLeaseAmortizationIncomeYearThree_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OffMarketLeaseAmortizationIncomeYearTwo" xlink:label="OffMarketLeaseAmortizationIncomeYearTwo" xlink:title="OffMarketLeaseAmortizationIncomeYearTwo" xlink:type="locator"/>
    <label id="label_OffMarketLeaseAmortizationIncomeYearTwo" xlink:label="label_OffMarketLeaseAmortizationIncomeYearTwo" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OffMarketLeaseAmortizationIncomeYearTwo" xlink:type="resource" xml:lang="en-US">Amount of amortization income for leases with a finite life acquired as part of a property, plant or equipment acquisition at below market lease rate expected to be recognized during the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseAmortizationIncomeYearTwo" xlink:title="label: OffMarketLeaseAmortizationIncomeYearTwo to label_OffMarketLeaseAmortizationIncomeYearTwo" xlink:to="label_OffMarketLeaseAmortizationIncomeYearTwo" xlink:type="arc"/>
    <label id="label_OffMarketLeaseAmortizationIncomeYearTwo_2" xlink:label="label_OffMarketLeaseAmortizationIncomeYearTwo_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OffMarketLeaseAmortizationIncomeYearTwo" xlink:type="resource" xml:lang="en-US">Off Market Lease Amortization Income Year Two</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseAmortizationIncomeYearTwo" xlink:title="label: OffMarketLeaseAmortizationIncomeYearTwo to label_OffMarketLeaseAmortizationIncomeYearTwo" xlink:to="label_OffMarketLeaseAmortizationIncomeYearTwo_2" xlink:type="arc"/>
    <label id="label_OffMarketLeaseAmortizationIncomeYearTwo_3" xlink:label="label_OffMarketLeaseAmortizationIncomeYearTwo_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OffMarketLeaseAmortizationIncomeYearTwo" xlink:type="resource" xml:lang="en-US">Year Two</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseAmortizationIncomeYearTwo" xlink:title="label: OffMarketLeaseAmortizationIncomeYearTwo to label_OffMarketLeaseAmortizationIncomeYearTwo" xlink:to="label_OffMarketLeaseAmortizationIncomeYearTwo_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OffMarketLeaseNet" xlink:label="OffMarketLeaseNet" xlink:title="OffMarketLeaseNet" xlink:type="locator"/>
    <label id="label_OffMarketLeaseNet" xlink:label="label_OffMarketLeaseNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OffMarketLeaseNet" xlink:type="resource" xml:lang="en-US">Amount after amortization of leases acquired as part of a property, plant or equipment acquisition at below market lease rate with a finite life.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseNet" xlink:title="label: OffMarketLeaseNet to label_OffMarketLeaseNet" xlink:to="label_OffMarketLeaseNet" xlink:type="arc"/>
    <label id="label_OffMarketLeaseNet_2" xlink:label="label_OffMarketLeaseNet_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OffMarketLeaseNet" xlink:type="resource" xml:lang="en-US">Off Market Lease Net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseNet" xlink:title="label: OffMarketLeaseNet to label_OffMarketLeaseNet" xlink:to="label_OffMarketLeaseNet_2" xlink:type="arc"/>
    <label id="label_OffMarketLeaseNet_3" xlink:label="label_OffMarketLeaseNet_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OffMarketLeaseNet" xlink:type="resource" xml:lang="en-US">Total</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseNet" xlink:title="label: OffMarketLeaseNet to label_OffMarketLeaseNet" xlink:to="label_OffMarketLeaseNet_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OffMarketLeaseUnfavorableNet" xlink:label="OffMarketLeaseUnfavorableNet" xlink:title="OffMarketLeaseUnfavorableNet" xlink:type="locator"/>
    <label id="label_OffMarketLeaseUnfavorableNet" xlink:label="label_OffMarketLeaseUnfavorableNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OffMarketLeaseUnfavorableNet" xlink:type="resource" xml:lang="en-US">This element represents a liability associated with the acquisition of an off-market lease when the terms of the lease are unfavorable to the market terms for the lease at the date of acquisition after amortization, additions and write-offs.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseUnfavorableNet" xlink:title="label: OffMarketLeaseUnfavorableNet to label_OffMarketLeaseUnfavorableNet" xlink:to="label_OffMarketLeaseUnfavorableNet" xlink:type="arc"/>
    <label id="label_OffMarketLeaseUnfavorableNet_2" xlink:label="label_OffMarketLeaseUnfavorableNet_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OffMarketLeaseUnfavorableNet" xlink:type="resource" xml:lang="en-US">Off Market Lease Unfavorable Net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseUnfavorableNet" xlink:title="label: OffMarketLeaseUnfavorableNet to label_OffMarketLeaseUnfavorableNet" xlink:to="label_OffMarketLeaseUnfavorableNet_2" xlink:type="arc"/>
    <label id="label_OffMarketLeaseUnfavorableNet_3" xlink:label="label_OffMarketLeaseUnfavorableNet_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OffMarketLeaseUnfavorableNet" xlink:type="resource" xml:lang="en-US">Net Book Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseUnfavorableNet" xlink:title="label: OffMarketLeaseUnfavorableNet to label_OffMarketLeaseUnfavorableNet" xlink:to="label_OffMarketLeaseUnfavorableNet_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OptionAgreementPercentageInterests" xlink:label="OptionAgreementPercentageInterests" xlink:title="OptionAgreementPercentageInterests" xlink:type="locator"/>
    <label id="label_OptionAgreementPercentageInterests" xlink:label="label_OptionAgreementPercentageInterests" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OptionAgreementPercentageInterests" xlink:type="resource" xml:lang="en-US">Refers to the option of acquisition interests in a third party, expressed in percentage.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OptionAgreementPercentageInterests" xlink:title="label: OptionAgreementPercentageInterests to label_OptionAgreementPercentageInterests" xlink:to="label_OptionAgreementPercentageInterests" xlink:type="arc"/>
    <label id="label_OptionAgreementPercentageInterests_2" xlink:label="label_OptionAgreementPercentageInterests_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OptionAgreementPercentageInterests" xlink:type="resource" xml:lang="en-US">Option Agreement Percentage Interests</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OptionAgreementPercentageInterests" xlink:title="label: OptionAgreementPercentageInterests to label_OptionAgreementPercentageInterests" xlink:to="label_OptionAgreementPercentageInterests_2" xlink:type="arc"/>
    <label id="label_OptionAgreementPercentageInterests_3" xlink:label="label_OptionAgreementPercentageInterests_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OptionAgreementPercentageInterests" xlink:type="resource" xml:lang="en-US">Option agreement percentage interests</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OptionAgreementPercentageInterests" xlink:title="label: OptionAgreementPercentageInterests to label_OptionAgreementPercentageInterests" xlink:to="label_OptionAgreementPercentageInterests_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OptionsAbstract" xlink:label="OptionsAbstract" xlink:title="OptionsAbstract" xlink:type="locator"/>
    <label id="label_OptionsAbstract" xlink:label="label_OptionsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OptionsAbstract" xlink:type="resource" xml:lang="en-US">Options [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OptionsAbstract" xlink:title="label: OptionsAbstract to label_OptionsAbstract" xlink:to="label_OptionsAbstract" xlink:type="arc"/>
    <label id="label_OptionsAbstract_2" xlink:label="label_OptionsAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OptionsAbstract" xlink:type="resource" xml:lang="en-US">Options</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OptionsAbstract" xlink:title="label: OptionsAbstract to label_OptionsAbstract" xlink:to="label_OptionsAbstract_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OptionsIncomeTaxLiabilities" xlink:label="OptionsIncomeTaxLiabilities" xlink:title="OptionsIncomeTaxLiabilities" xlink:type="locator"/>
    <label id="label_OptionsIncomeTaxLiabilities" xlink:label="label_OptionsIncomeTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OptionsIncomeTaxLiabilities" xlink:type="resource" xml:lang="en-US">Description of income tax liabilities calculation.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OptionsIncomeTaxLiabilities" xlink:title="label: OptionsIncomeTaxLiabilities to label_OptionsIncomeTaxLiabilities" xlink:to="label_OptionsIncomeTaxLiabilities" xlink:type="arc"/>
    <label id="label_OptionsIncomeTaxLiabilities_2" xlink:label="label_OptionsIncomeTaxLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OptionsIncomeTaxLiabilities" xlink:type="resource" xml:lang="en-US">Options Income Tax Liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OptionsIncomeTaxLiabilities" xlink:title="label: OptionsIncomeTaxLiabilities to label_OptionsIncomeTaxLiabilities" xlink:to="label_OptionsIncomeTaxLiabilities_2" xlink:type="arc"/>
    <label id="label_OptionsIncomeTaxLiabilities_3" xlink:label="label_OptionsIncomeTaxLiabilities_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OptionsIncomeTaxLiabilities" xlink:type="resource" xml:lang="en-US">Options to determine income tax liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OptionsIncomeTaxLiabilities" xlink:title="label: OptionsIncomeTaxLiabilities to label_OptionsIncomeTaxLiabilities" xlink:to="label_OptionsIncomeTaxLiabilities_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OtherFixedAssetsTableTextBlock" xlink:label="OtherFixedAssetsTableTextBlock" xlink:title="OtherFixedAssetsTableTextBlock" xlink:type="locator"/>
    <label id="label_OtherFixedAssetsTableTextBlock" xlink:label="label_OtherFixedAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherFixedAssetsTableTextBlock" xlink:type="resource" xml:lang="en-US">Tabular disclosure of the cost and accumulated depreciation transactions for other fixed assets that are used in the normal conduct of business to produce goods and services and not intended for resale.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherFixedAssetsTableTextBlock" xlink:title="label: OtherFixedAssetsTableTextBlock to label_OtherFixedAssetsTableTextBlock" xlink:to="label_OtherFixedAssetsTableTextBlock" xlink:type="arc"/>
    <label id="label_OtherFixedAssetsTableTextBlock_2" xlink:label="label_OtherFixedAssetsTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherFixedAssetsTableTextBlock" xlink:type="resource" xml:lang="en-US">Other Fixed Assets [Table Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherFixedAssetsTableTextBlock" xlink:title="label: OtherFixedAssetsTableTextBlock to label_OtherFixedAssetsTableTextBlock" xlink:to="label_OtherFixedAssetsTableTextBlock_2" xlink:type="arc"/>
    <label id="label_OtherFixedAssetsTableTextBlock_3" xlink:label="label_OtherFixedAssetsTableTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherFixedAssetsTableTextBlock" xlink:type="resource" xml:lang="en-US">Other fixed assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherFixedAssetsTableTextBlock" xlink:title="label: OtherFixedAssetsTableTextBlock to label_OtherFixedAssetsTableTextBlock" xlink:to="label_OtherFixedAssetsTableTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OtherLongTermAssetsIncludingDeferredCosts" xlink:label="OtherLongTermAssetsIncludingDeferredCosts" xlink:title="OtherLongTermAssetsIncludingDeferredCosts" xlink:type="locator"/>
    <label id="label_OtherLongTermAssetsIncludingDeferredCosts" xlink:label="label_OtherLongTermAssetsIncludingDeferredCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherLongTermAssetsIncludingDeferredCosts" xlink:type="resource" xml:lang="en-US">Aggregate carrying amount, as of the balance sheet date, of noncurrent assets and other deferred costs not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer).</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLongTermAssetsIncludingDeferredCosts" xlink:title="label: OtherLongTermAssetsIncludingDeferredCosts to label_OtherLongTermAssetsIncludingDeferredCosts" xlink:to="label_OtherLongTermAssetsIncludingDeferredCosts" xlink:type="arc"/>
    <label id="label_OtherLongTermAssetsIncludingDeferredCosts_2" xlink:label="label_OtherLongTermAssetsIncludingDeferredCosts_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherLongTermAssetsIncludingDeferredCosts" xlink:type="resource" xml:lang="en-US">Other long term assets including deferred costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLongTermAssetsIncludingDeferredCosts" xlink:title="label: OtherLongTermAssetsIncludingDeferredCosts to label_OtherLongTermAssetsIncludingDeferredCosts" xlink:to="label_OtherLongTermAssetsIncludingDeferredCosts_2" xlink:type="arc"/>
    <label id="label_OtherLongTermAssetsIncludingDeferredCosts_3" xlink:label="label_OtherLongTermAssetsIncludingDeferredCosts_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherLongTermAssetsIncludingDeferredCosts" xlink:type="resource" xml:lang="en-US">Other long term assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLongTermAssetsIncludingDeferredCosts" xlink:title="label: OtherLongTermAssetsIncludingDeferredCosts to label_OtherLongTermAssetsIncludingDeferredCosts" xlink:to="label_OtherLongTermAssetsIncludingDeferredCosts_3" xlink:type="arc"/>
    <label id="label_OtherLongTermAssetsIncludingDeferredCosts_4" xlink:label="label_OtherLongTermAssetsIncludingDeferredCosts_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherLongTermAssetsIncludingDeferredCosts" xlink:type="resource" xml:lang="en-US">Other long-term assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLongTermAssetsIncludingDeferredCosts" xlink:title="label: OtherLongTermAssetsIncludingDeferredCosts to label_OtherLongTermAssetsIncludingDeferredCosts" xlink:to="label_OtherLongTermAssetsIncludingDeferredCosts_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OtherRegionsMember" xlink:label="OtherRegionsMember" xlink:title="OtherRegionsMember" xlink:type="locator"/>
    <label id="label_OtherRegionsMember" xlink:label="label_OtherRegionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherRegionsMember" xlink:type="resource" xml:lang="en-US">Other Regions [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherRegionsMember" xlink:title="label: OtherRegionsMember to label_OtherRegionsMember" xlink:to="label_OtherRegionsMember" xlink:type="arc"/>
    <label id="label_OtherRegionsMember_2" xlink:label="label_OtherRegionsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherRegionsMember" xlink:type="resource" xml:lang="en-US">Other</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherRegionsMember" xlink:title="label: OtherRegionsMember to label_OtherRegionsMember" xlink:to="label_OtherRegionsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OwnershipPercentageDefaultTriggerThreshold" xlink:label="OwnershipPercentageDefaultTriggerThreshold" xlink:title="OwnershipPercentageDefaultTriggerThreshold" xlink:type="locator"/>
    <label id="label_OwnershipPercentageDefaultTriggerThreshold" xlink:label="label_OwnershipPercentageDefaultTriggerThreshold" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OwnershipPercentageDefaultTriggerThreshold" xlink:type="resource" xml:lang="en-US">The minimum owner percentage of the oustanding share capital that triggers an event of default under a credit facility.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OwnershipPercentageDefaultTriggerThreshold" xlink:title="label: OwnershipPercentageDefaultTriggerThreshold to label_OwnershipPercentageDefaultTriggerThreshold" xlink:to="label_OwnershipPercentageDefaultTriggerThreshold" xlink:type="arc"/>
    <label id="label_OwnershipPercentageDefaultTriggerThreshold_2" xlink:label="label_OwnershipPercentageDefaultTriggerThreshold_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OwnershipPercentageDefaultTriggerThreshold" xlink:type="resource" xml:lang="en-US">Ownership Percentage Default Trigger Threshold</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OwnershipPercentageDefaultTriggerThreshold" xlink:title="label: OwnershipPercentageDefaultTriggerThreshold to label_OwnershipPercentageDefaultTriggerThreshold" xlink:to="label_OwnershipPercentageDefaultTriggerThreshold_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PanOceanCoLtdMember" xlink:label="PanOceanCoLtdMember" xlink:title="PanOceanCoLtdMember" xlink:type="locator"/>
    <label id="label_PanOceanCoLtdMember" xlink:label="label_PanOceanCoLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PanOceanCoLtdMember" xlink:type="resource" xml:lang="en-US">Pan Ocean Co Ltd [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PanOceanCoLtdMember" xlink:title="label: PanOceanCoLtdMember to label_PanOceanCoLtdMember" xlink:to="label_PanOceanCoLtdMember" xlink:type="arc"/>
    <label id="label_PanOceanCoLtdMember_2" xlink:label="label_PanOceanCoLtdMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PanOceanCoLtdMember" xlink:type="resource" xml:lang="en-US">Pan Ocean Co. Ltd (''STX'')</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PanOceanCoLtdMember" xlink:title="label: PanOceanCoLtdMember to label_PanOceanCoLtdMember" xlink:to="label_PanOceanCoLtdMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PanamaxMember" xlink:label="PanamaxMember" xlink:title="PanamaxMember" xlink:type="locator"/>
    <label id="label_PanamaxMember" xlink:label="label_PanamaxMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PanamaxMember" xlink:type="resource" xml:lang="en-US">Panamax [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PanamaxMember" xlink:title="label: PanamaxMember to label_PanamaxMember" xlink:to="label_PanamaxMember" xlink:type="arc"/>
    <label id="label_PanamaxMember_2" xlink:label="label_PanamaxMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PanamaxMember" xlink:type="resource" xml:lang="en-US">Panamax vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PanamaxMember" xlink:title="label: PanamaxMember to label_PanamaxMember" xlink:to="label_PanamaxMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ParaguayMember" xlink:label="ParaguayMember" xlink:title="ParaguayMember" xlink:type="locator"/>
    <label id="label_ParaguayMember" xlink:label="label_ParaguayMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ParaguayMember" xlink:type="resource" xml:lang="en-US">Paraguay [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ParaguayMember" xlink:title="label: ParaguayMember to label_ParaguayMember" xlink:to="label_ParaguayMember" xlink:type="arc"/>
    <label id="label_ParaguayMember_2" xlink:label="label_ParaguayMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ParaguayMember" xlink:type="resource" xml:lang="en-US">Paraguay</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ParaguayMember" xlink:title="label: ParaguayMember to label_ParaguayMember" xlink:to="label_ParaguayMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PensionAndOtherPostretirementPlansMember" xlink:label="PensionAndOtherPostretirementPlansMember" xlink:title="PensionAndOtherPostretirementPlansMember" xlink:type="locator"/>
    <label id="label_PensionAndOtherPostretirementPlansMember" xlink:label="label_PensionAndOtherPostretirementPlansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PensionAndOtherPostretirementPlansMember" xlink:type="resource" xml:lang="en-US">Pension And Other Postretirement Plans [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PensionAndOtherPostretirementPlansMember" xlink:title="label: PensionAndOtherPostretirementPlansMember to label_PensionAndOtherPostretirementPlansMember" xlink:to="label_PensionAndOtherPostretirementPlansMember" xlink:type="arc"/>
    <label id="label_PensionAndOtherPostretirementPlansMember_2" xlink:label="label_PensionAndOtherPostretirementPlansMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PensionAndOtherPostretirementPlansMember" xlink:type="resource" xml:lang="en-US">Stock-Based Compensation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PensionAndOtherPostretirementPlansMember" xlink:title="label: PensionAndOtherPostretirementPlansMember to label_PensionAndOtherPostretirementPlansMember" xlink:to="label_PensionAndOtherPostretirementPlansMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PercentageForCalculationOfMakeWholePrice" xlink:label="PercentageForCalculationOfMakeWholePrice" xlink:title="PercentageForCalculationOfMakeWholePrice" xlink:type="locator"/>
    <label id="label_PercentageForCalculationOfMakeWholePrice" xlink:label="label_PercentageForCalculationOfMakeWholePrice" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentageForCalculationOfMakeWholePrice" xlink:type="resource" xml:lang="en-US">An interest rate which is used for the calculation of a make whole price.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageForCalculationOfMakeWholePrice" xlink:title="label: PercentageForCalculationOfMakeWholePrice to label_PercentageForCalculationOfMakeWholePrice" xlink:to="label_PercentageForCalculationOfMakeWholePrice" xlink:type="arc"/>
    <label id="label_PercentageForCalculationOfMakeWholePrice_2" xlink:label="label_PercentageForCalculationOfMakeWholePrice_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageForCalculationOfMakeWholePrice" xlink:type="resource" xml:lang="en-US">Percentage For Calculation Of Make Whole Price</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageForCalculationOfMakeWholePrice" xlink:title="label: PercentageForCalculationOfMakeWholePrice to label_PercentageForCalculationOfMakeWholePrice" xlink:to="label_PercentageForCalculationOfMakeWholePrice_2" xlink:type="arc"/>
    <label id="label_PercentageForCalculationOfMakeWholePrice_3" xlink:label="label_PercentageForCalculationOfMakeWholePrice_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageForCalculationOfMakeWholePrice" xlink:type="resource" xml:lang="en-US">Percentage used for the calculation of a make whole price</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageForCalculationOfMakeWholePrice" xlink:title="label: PercentageForCalculationOfMakeWholePrice to label_PercentageForCalculationOfMakeWholePrice" xlink:to="label_PercentageForCalculationOfMakeWholePrice_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PercentageOfPreferredStockConverted" xlink:label="PercentageOfPreferredStockConverted" xlink:title="PercentageOfPreferredStockConverted" xlink:type="locator"/>
    <label id="label_PercentageOfPreferredStockConverted" xlink:label="label_PercentageOfPreferredStockConverted" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentageOfPreferredStockConverted" xlink:type="resource" xml:lang="en-US">Preferred stock held which was converted.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfPreferredStockConverted" xlink:title="label: PercentageOfPreferredStockConverted to label_PercentageOfPreferredStockConverted" xlink:to="label_PercentageOfPreferredStockConverted" xlink:type="arc"/>
    <label id="label_PercentageOfPreferredStockConverted_2" xlink:label="label_PercentageOfPreferredStockConverted_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageOfPreferredStockConverted" xlink:type="resource" xml:lang="en-US">Percentage Of Preferred Stock Converted</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfPreferredStockConverted" xlink:title="label: PercentageOfPreferredStockConverted to label_PercentageOfPreferredStockConverted" xlink:to="label_PercentageOfPreferredStockConverted_2" xlink:type="arc"/>
    <label id="label_PercentageOfPreferredStockConverted_3" xlink:label="label_PercentageOfPreferredStockConverted_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfPreferredStockConverted" xlink:type="resource" xml:lang="en-US">Percentage of preferred stock converted</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfPreferredStockConverted" xlink:title="label: PercentageOfPreferredStockConverted to label_PercentageOfPreferredStockConverted" xlink:to="label_PercentageOfPreferredStockConverted_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PerformanceConditionMember" xlink:label="PerformanceConditionMember" xlink:title="PerformanceConditionMember" xlink:type="locator"/>
    <label id="label_PerformanceConditionMember" xlink:label="label_PerformanceConditionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PerformanceConditionMember" xlink:type="resource" xml:lang="en-US">Performance Condition [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PerformanceConditionMember" xlink:title="label: PerformanceConditionMember to label_PerformanceConditionMember" xlink:to="label_PerformanceConditionMember" xlink:type="arc"/>
    <label id="label_PerformanceConditionMember_2" xlink:label="label_PerformanceConditionMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PerformanceConditionMember" xlink:type="resource" xml:lang="en-US">Performance Conditions</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PerformanceConditionMember" xlink:title="label: PerformanceConditionMember to label_PerformanceConditionMember" xlink:to="label_PerformanceConditionMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PeriodReviewSpecialCostsAssets" xlink:label="PeriodReviewSpecialCostsAssets" xlink:title="PeriodReviewSpecialCostsAssets" xlink:type="locator"/>
    <label id="label_PeriodReviewSpecialCostsAssets" xlink:label="label_PeriodReviewSpecialCostsAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PeriodReviewSpecialCostsAssets" xlink:type="resource" xml:lang="en-US">Refers to the period of review of drydocking and special survey costs in order to amortized or deferred.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodReviewSpecialCostsAssets" xlink:title="label: PeriodReviewSpecialCostsAssets to label_PeriodReviewSpecialCostsAssets" xlink:to="label_PeriodReviewSpecialCostsAssets" xlink:type="arc"/>
    <label id="label_PeriodReviewSpecialCostsAssets_2" xlink:label="label_PeriodReviewSpecialCostsAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PeriodReviewSpecialCostsAssets" xlink:type="resource" xml:lang="en-US">Period Of Review Of Special Costs Of Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodReviewSpecialCostsAssets" xlink:title="label: PeriodReviewSpecialCostsAssets to label_PeriodReviewSpecialCostsAssets" xlink:to="label_PeriodReviewSpecialCostsAssets_2" xlink:type="arc"/>
    <label id="label_PeriodReviewSpecialCostsAssets_3" xlink:label="label_PeriodReviewSpecialCostsAssets_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PeriodReviewSpecialCostsAssets" xlink:type="resource" xml:lang="en-US">Period of review of special costs of assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodReviewSpecialCostsAssets" xlink:title="label: PeriodReviewSpecialCostsAssets to label_PeriodReviewSpecialCostsAssets" xlink:to="label_PeriodReviewSpecialCostsAssets_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PharosNavigationSaMember" xlink:label="PharosNavigationSaMember" xlink:title="PharosNavigationSaMember" xlink:type="locator"/>
    <label id="label_PharosNavigationSaMember" xlink:label="label_PharosNavigationSaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PharosNavigationSaMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Pharos Navigation Sa.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PharosNavigationSaMember" xlink:title="label: PharosNavigationSaMember to label_PharosNavigationSaMember" xlink:to="label_PharosNavigationSaMember" xlink:type="arc"/>
    <label id="label_PharosNavigationSaMember_2" xlink:label="label_PharosNavigationSaMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PharosNavigationSaMember" xlink:type="resource" xml:lang="en-US">Pharos Navigation Sa [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PharosNavigationSaMember" xlink:title="label: PharosNavigationSaMember to label_PharosNavigationSaMember" xlink:to="label_PharosNavigationSaMember_2" xlink:type="arc"/>
    <label id="label_PharosNavigationSaMember_3" xlink:label="label_PharosNavigationSaMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PharosNavigationSaMember" xlink:type="resource" xml:lang="en-US">Pharos Navigation S.A.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PharosNavigationSaMember" xlink:title="label: PharosNavigationSaMember to label_PharosNavigationSaMember" xlink:to="label_PharosNavigationSaMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PoolingArrangementsMember" xlink:label="PoolingArrangementsMember" xlink:title="PoolingArrangementsMember" xlink:type="locator"/>
    <label id="label_PoolingArrangementsMember" xlink:label="label_PoolingArrangementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PoolingArrangementsMember" xlink:type="resource" xml:lang="en-US">Pooling Arrangements [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PoolingArrangementsMember" xlink:title="label: PoolingArrangementsMember to label_PoolingArrangementsMember" xlink:to="label_PoolingArrangementsMember" xlink:type="arc"/>
    <label id="label_PoolingArrangementsMember_2" xlink:label="label_PoolingArrangementsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PoolingArrangementsMember" xlink:type="resource" xml:lang="en-US">Pooling arrangements</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PoolingArrangementsMember" xlink:title="label: PoolingArrangementsMember to label_PoolingArrangementsMember" xlink:to="label_PoolingArrangementsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PortFacilitiesAndTransferStationMember" xlink:label="PortFacilitiesAndTransferStationMember" xlink:title="PortFacilitiesAndTransferStationMember" xlink:type="locator"/>
    <label id="label_PortFacilitiesAndTransferStationMember" xlink:label="label_PortFacilitiesAndTransferStationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PortFacilitiesAndTransferStationMember" xlink:type="resource" xml:lang="en-US">Port facilities and transfer station [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortFacilitiesAndTransferStationMember" xlink:title="label: PortFacilitiesAndTransferStationMember to label_PortFacilitiesAndTransferStationMember" xlink:to="label_PortFacilitiesAndTransferStationMember" xlink:type="arc"/>
    <label id="label_PortFacilitiesAndTransferStationMember_2" xlink:label="label_PortFacilitiesAndTransferStationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PortFacilitiesAndTransferStationMember" xlink:type="resource" xml:lang="en-US">Port facilities and transfer station</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortFacilitiesAndTransferStationMember" xlink:title="label: PortFacilitiesAndTransferStationMember to label_PortFacilitiesAndTransferStationMember" xlink:to="label_PortFacilitiesAndTransferStationMember_2" xlink:type="arc"/>
    <label id="label_PortFacilitiesAndTransferStationMember_3" xlink:label="label_PortFacilitiesAndTransferStationMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PortFacilitiesAndTransferStationMember" xlink:type="resource" xml:lang="en-US">Port Terminals (Navios Logistics)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortFacilitiesAndTransferStationMember" xlink:title="label: PortFacilitiesAndTransferStationMember to label_PortFacilitiesAndTransferStationMember" xlink:to="label_PortFacilitiesAndTransferStationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PortFacilitiesTransferStationMember" xlink:label="PortFacilitiesTransferStationMember" xlink:title="PortFacilitiesTransferStationMember" xlink:type="locator"/>
    <label id="label_PortFacilitiesTransferStationMember" xlink:label="label_PortFacilitiesTransferStationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PortFacilitiesTransferStationMember" xlink:type="resource" xml:lang="en-US">Port Facilities Transfer Station [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortFacilitiesTransferStationMember" xlink:title="label: PortFacilitiesTransferStationMember to label_PortFacilitiesTransferStationMember" xlink:to="label_PortFacilitiesTransferStationMember" xlink:type="arc"/>
    <label id="label_PortFacilitiesTransferStationMember_2" xlink:label="label_PortFacilitiesTransferStationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PortFacilitiesTransferStationMember" xlink:type="resource" xml:lang="en-US">Port terminals</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortFacilitiesTransferStationMember" xlink:title="label: PortFacilitiesTransferStationMember to label_PortFacilitiesTransferStationMember" xlink:to="label_PortFacilitiesTransferStationMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PortTerminalsTableTextBlock" xlink:label="PortTerminalsTableTextBlock" xlink:title="PortTerminalsTableTextBlock" xlink:type="locator"/>
    <label id="label_PortTerminalsTableTextBlock" xlink:label="label_PortTerminalsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PortTerminalsTableTextBlock" xlink:type="resource" xml:lang="en-US">Tabular disclosure of the cost and accumulated depreciation transactions for port terminals that are used in the normal conduct of business to produce goods and services and not intended for resale.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortTerminalsTableTextBlock" xlink:title="label: PortTerminalsTableTextBlock to label_PortTerminalsTableTextBlock" xlink:to="label_PortTerminalsTableTextBlock" xlink:type="arc"/>
    <label id="label_PortTerminalsTableTextBlock_2" xlink:label="label_PortTerminalsTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PortTerminalsTableTextBlock" xlink:type="resource" xml:lang="en-US">Port Terminals [Table Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortTerminalsTableTextBlock" xlink:title="label: PortTerminalsTableTextBlock to label_PortTerminalsTableTextBlock" xlink:to="label_PortTerminalsTableTextBlock_2" xlink:type="arc"/>
    <label id="label_PortTerminalsTableTextBlock_3" xlink:label="label_PortTerminalsTableTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PortTerminalsTableTextBlock" xlink:type="resource" xml:lang="en-US">Port Terminals</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortTerminalsTableTextBlock" xlink:title="label: PortTerminalsTableTextBlock to label_PortTerminalsTableTextBlock" xlink:to="label_PortTerminalsTableTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PortorosaMarineCorpMember" xlink:label="PortorosaMarineCorpMember" xlink:title="PortorosaMarineCorpMember" xlink:type="locator"/>
    <label id="label_PortorosaMarineCorpMember" xlink:label="label_PortorosaMarineCorpMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PortorosaMarineCorpMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Portorosa Shipping Corporation.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortorosaMarineCorpMember" xlink:title="label: PortorosaMarineCorpMember to label_PortorosaMarineCorpMember" xlink:to="label_PortorosaMarineCorpMember" xlink:type="arc"/>
    <label id="label_PortorosaMarineCorpMember_2" xlink:label="label_PortorosaMarineCorpMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PortorosaMarineCorpMember" xlink:type="resource" xml:lang="en-US">Portorosa Marine Corp [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortorosaMarineCorpMember" xlink:title="label: PortorosaMarineCorpMember to label_PortorosaMarineCorpMember" xlink:to="label_PortorosaMarineCorpMember_2" xlink:type="arc"/>
    <label id="label_PortorosaMarineCorpMember_3" xlink:label="label_PortorosaMarineCorpMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PortorosaMarineCorpMember" xlink:type="resource" xml:lang="en-US">Portorosa Marine Corp.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortorosaMarineCorpMember" xlink:title="label: PortorosaMarineCorpMember to label_PortorosaMarineCorpMember" xlink:to="label_PortorosaMarineCorpMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PreferredDistributionPercentage" xlink:label="PreferredDistributionPercentage" xlink:title="PreferredDistributionPercentage" xlink:type="locator"/>
    <label id="label_PreferredDistributionPercentage" xlink:label="label_PreferredDistributionPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PreferredDistributionPercentage" xlink:type="resource" xml:lang="en-US">The distribution percentage defined in the loan agreement.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredDistributionPercentage" xlink:title="label: PreferredDistributionPercentage to label_PreferredDistributionPercentage" xlink:to="label_PreferredDistributionPercentage" xlink:type="arc"/>
    <label id="label_PreferredDistributionPercentage_2" xlink:label="label_PreferredDistributionPercentage_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredDistributionPercentage" xlink:type="resource" xml:lang="en-US">Preferred Distribution Percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredDistributionPercentage" xlink:title="label: PreferredDistributionPercentage to label_PreferredDistributionPercentage" xlink:to="label_PreferredDistributionPercentage_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PreferredStockRedemptionInPeriodAmount" xlink:label="PreferredStockRedemptionInPeriodAmount" xlink:title="PreferredStockRedemptionInPeriodAmount" xlink:type="locator"/>
    <label id="label_PreferredStockRedemptionInPeriodAmount_3" xlink:label="label_PreferredStockRedemptionInPeriodAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PreferredStockRedemptionInPeriodAmount" xlink:type="resource" xml:lang="en-US">The redemption (or callable) amount of redeemable preferred stock. Includes amounts representing dividends not currently declared or paid but which will be payable under the redemption features or for which ultimate payment is solely within the control of the issuer.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockRedemptionInPeriodAmount" xlink:title="label: PreferredStockRedemptionInPeriodAmount to label_PreferredStockRedemptionInPeriodAmount" xlink:to="label_PreferredStockRedemptionInPeriodAmount" xlink:type="arc"/>
    <label id="label_PreferredStockRedemptionInPeriodAmount_2" xlink:label="label_PreferredStockRedemptionInPeriodAmount_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockRedemptionInPeriodAmount" xlink:type="resource" xml:lang="en-US">Preferred Stock Redemption In Period Amount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockRedemptionInPeriodAmount" xlink:title="label: PreferredStockRedemptionInPeriodAmount to label_PreferredStockRedemptionInPeriodAmount" xlink:to="label_PreferredStockRedemptionInPeriodAmount_2" xlink:type="arc"/>
    <label id="label_PreferredStockRedemptionInPeriodAmount" xlink:label="label_PreferredStockRedemptionInPeriodAmount_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockRedemptionInPeriodAmount" xlink:type="resource" xml:lang="en-US">Tender Offer &#x2014; Redemption of preferred stock Series G and H including $16,863 of undeclared preferred dividend cancelled</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockRedemptionInPeriodAmount" xlink:title="label: PreferredStockRedemptionInPeriodAmount to label_PreferredStockRedemptionInPeriodAmount" xlink:to="label_PreferredStockRedemptionInPeriodAmount_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PreferredStockRedemptionPeriodOne2Member" xlink:label="PreferredStockRedemptionPeriodOne2Member" xlink:title="PreferredStockRedemptionPeriodOne2Member" xlink:type="locator"/>
    <label id="label_PreferredStockRedemptionPeriodOne2Member" xlink:label="label_PreferredStockRedemptionPeriodOne2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockRedemptionPeriodOne2Member" xlink:type="resource" xml:lang="en-US">Preferred Stock Redemption Period One 2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockRedemptionPeriodOne2Member" xlink:title="label: PreferredStockRedemptionPeriodOne2Member to label_PreferredStockRedemptionPeriodOne2Member" xlink:to="label_PreferredStockRedemptionPeriodOne2Member" xlink:type="arc"/>
    <label id="label_PreferredStockRedemptionPeriodOne2Member_2" xlink:label="label_PreferredStockRedemptionPeriodOne2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockRedemptionPeriodOne2Member" xlink:type="resource" xml:lang="en-US">At any time on or after July 8, 2019</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockRedemptionPeriodOne2Member" xlink:title="label: PreferredStockRedemptionPeriodOne2Member to label_PreferredStockRedemptionPeriodOne2Member" xlink:to="label_PreferredStockRedemptionPeriodOne2Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PreferredStockRedemptionPeriodOneMember" xlink:label="PreferredStockRedemptionPeriodOneMember" xlink:title="PreferredStockRedemptionPeriodOneMember" xlink:type="locator"/>
    <label id="label_PreferredStockRedemptionPeriodOneMember" xlink:label="label_PreferredStockRedemptionPeriodOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockRedemptionPeriodOneMember" xlink:type="resource" xml:lang="en-US">Preferred Stock Redemption Period One [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockRedemptionPeriodOneMember" xlink:title="label: PreferredStockRedemptionPeriodOneMember to label_PreferredStockRedemptionPeriodOneMember" xlink:to="label_PreferredStockRedemptionPeriodOneMember" xlink:type="arc"/>
    <label id="label_PreferredStockRedemptionPeriodOneMember_2" xlink:label="label_PreferredStockRedemptionPeriodOneMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockRedemptionPeriodOneMember" xlink:type="resource" xml:lang="en-US">At any time on or after January 28, 2019</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockRedemptionPeriodOneMember" xlink:title="label: PreferredStockRedemptionPeriodOneMember to label_PreferredStockRedemptionPeriodOneMember" xlink:to="label_PreferredStockRedemptionPeriodOneMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PrepaidExpensesForWorkingCapitalPurposes" xlink:label="PrepaidExpensesForWorkingCapitalPurposes" xlink:title="PrepaidExpensesForWorkingCapitalPurposes" xlink:type="locator"/>
    <label id="label_PrepaidExpensesForWorkingCapitalPurposes" xlink:label="label_PrepaidExpensesForWorkingCapitalPurposes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PrepaidExpensesForWorkingCapitalPurposes" xlink:type="resource" xml:lang="en-US">Amount of consideration paid in advance for working capital purposes that provide economic benefits within a future period of one year or the normal operating cycle, if longer.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidExpensesForWorkingCapitalPurposes" xlink:title="label: PrepaidExpensesForWorkingCapitalPurposes to label_PrepaidExpensesForWorkingCapitalPurposes" xlink:to="label_PrepaidExpensesForWorkingCapitalPurposes" xlink:type="arc"/>
    <label id="label_PrepaidExpensesForWorkingCapitalPurposes_2" xlink:label="label_PrepaidExpensesForWorkingCapitalPurposes_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrepaidExpensesForWorkingCapitalPurposes" xlink:type="resource" xml:lang="en-US">Prepaid Expenses For Working Capital Purposes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidExpensesForWorkingCapitalPurposes" xlink:title="label: PrepaidExpensesForWorkingCapitalPurposes to label_PrepaidExpensesForWorkingCapitalPurposes" xlink:to="label_PrepaidExpensesForWorkingCapitalPurposes_2" xlink:type="arc"/>
    <label id="label_PrepaidExpensesForWorkingCapitalPurposes_3" xlink:label="label_PrepaidExpensesForWorkingCapitalPurposes_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PrepaidExpensesForWorkingCapitalPurposes" xlink:type="resource" xml:lang="en-US">Advances for working capital purposes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidExpensesForWorkingCapitalPurposes" xlink:title="label: PrepaidExpensesForWorkingCapitalPurposes to label_PrepaidExpensesForWorkingCapitalPurposes" xlink:to="label_PrepaidExpensesForWorkingCapitalPurposes_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PrepaidExpensesOtherCurrentAssetsIncludingInvetories" xlink:label="PrepaidExpensesOtherCurrentAssetsIncludingInvetories" xlink:title="PrepaidExpensesOtherCurrentAssetsIncludingInvetories" xlink:type="locator"/>
    <label id="label_PrepaidExpensesOtherCurrentAssetsIncludingInvetories" xlink:label="label_PrepaidExpensesOtherCurrentAssetsIncludingInvetories" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PrepaidExpensesOtherCurrentAssetsIncludingInvetories" xlink:type="resource" xml:lang="en-US">Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets ,including inventories, that are expected to be realized or consumed within one year or the normal operating cycle, if longer.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidExpensesOtherCurrentAssetsIncludingInvetories" xlink:title="label: PrepaidExpensesOtherCurrentAssetsIncludingInvetories to label_PrepaidExpensesOtherCurrentAssetsIncludingInvetories" xlink:to="label_PrepaidExpensesOtherCurrentAssetsIncludingInvetories" xlink:type="arc"/>
    <label id="label_PrepaidExpensesOtherCurrentAssetsIncludingInvetories_2" xlink:label="label_PrepaidExpensesOtherCurrentAssetsIncludingInvetories_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrepaidExpensesOtherCurrentAssetsIncludingInvetories" xlink:type="resource" xml:lang="en-US">Prepaid expenses and other current assets including invetories</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidExpensesOtherCurrentAssetsIncludingInvetories" xlink:title="label: PrepaidExpensesOtherCurrentAssetsIncludingInvetories to label_PrepaidExpensesOtherCurrentAssetsIncludingInvetories" xlink:to="label_PrepaidExpensesOtherCurrentAssetsIncludingInvetories_2" xlink:type="arc"/>
    <label id="label_PrepaidExpensesOtherCurrentAssetsIncludingInvetories_3" xlink:label="label_PrepaidExpensesOtherCurrentAssetsIncludingInvetories_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PrepaidExpensesOtherCurrentAssetsIncludingInvetories" xlink:type="resource" xml:lang="en-US">Prepaid expenses and other current assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidExpensesOtherCurrentAssetsIncludingInvetories" xlink:title="label: PrepaidExpensesOtherCurrentAssetsIncludingInvetories to label_PrepaidExpensesOtherCurrentAssetsIncludingInvetories" xlink:to="label_PrepaidExpensesOtherCurrentAssetsIncludingInvetories_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PrimaveraShippingCorporationMember" xlink:label="PrimaveraShippingCorporationMember" xlink:title="PrimaveraShippingCorporationMember" xlink:type="locator"/>
    <label id="label_PrimaveraShippingCorporationMember" xlink:label="label_PrimaveraShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PrimaveraShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Primavera Shipping Corporation.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrimaveraShippingCorporationMember" xlink:title="label: PrimaveraShippingCorporationMember to label_PrimaveraShippingCorporationMember" xlink:to="label_PrimaveraShippingCorporationMember" xlink:type="arc"/>
    <label id="label_PrimaveraShippingCorporationMember_2" xlink:label="label_PrimaveraShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrimaveraShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Primavera Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrimaveraShippingCorporationMember" xlink:title="label: PrimaveraShippingCorporationMember to label_PrimaveraShippingCorporationMember" xlink:to="label_PrimaveraShippingCorporationMember_2" xlink:type="arc"/>
    <label id="label_PrimaveraShippingCorporationMember_3" xlink:label="label_PrimaveraShippingCorporationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PrimaveraShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Primavera Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrimaveraShippingCorporationMember" xlink:title="label: PrimaveraShippingCorporationMember to label_PrimaveraShippingCorporationMember" xlink:to="label_PrimaveraShippingCorporationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ProceedsFromLongTermLoansNetFinanceCosts" xlink:label="ProceedsFromLongTermLoansNetFinanceCosts" xlink:title="ProceedsFromLongTermLoansNetFinanceCosts" xlink:type="locator"/>
    <label id="label_ProceedsFromLongTermLoansNetFinanceCosts" xlink:label="label_ProceedsFromLongTermLoansNetFinanceCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProceedsFromLongTermLoansNetFinanceCosts" xlink:type="resource" xml:lang="en-US">The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer, net of finance costs.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromLongTermLoansNetFinanceCosts" xlink:title="label: ProceedsFromLongTermLoansNetFinanceCosts to label_ProceedsFromLongTermLoansNetFinanceCosts" xlink:to="label_ProceedsFromLongTermLoansNetFinanceCosts" xlink:type="arc"/>
    <label id="label_ProceedsFromLongTermLoansNetFinanceCosts_2" xlink:label="label_ProceedsFromLongTermLoansNetFinanceCosts_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromLongTermLoansNetFinanceCosts" xlink:type="resource" xml:lang="en-US">Proceeds From Long Term Loans Net Finance Costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromLongTermLoansNetFinanceCosts" xlink:title="label: ProceedsFromLongTermLoansNetFinanceCosts to label_ProceedsFromLongTermLoansNetFinanceCosts" xlink:to="label_ProceedsFromLongTermLoansNetFinanceCosts_2" xlink:type="arc"/>
    <label id="label_ProceedsFromLongTermLoansNetFinanceCosts_3" xlink:label="label_ProceedsFromLongTermLoansNetFinanceCosts_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromLongTermLoansNetFinanceCosts" xlink:type="resource" xml:lang="en-US">Proceeds from long-term loans, net of debt issuance costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromLongTermLoansNetFinanceCosts" xlink:title="label: ProceedsFromLongTermLoansNetFinanceCosts to label_ProceedsFromLongTermLoansNetFinanceCosts" xlink:to="label_ProceedsFromLongTermLoansNetFinanceCosts_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ProfitSharingArrangementTextBlock" xlink:label="ProfitSharingArrangementTextBlock" xlink:title="ProfitSharingArrangementTextBlock" xlink:type="locator"/>
    <label id="label_ProfitSharingArrangementTextBlock" xlink:label="label_ProfitSharingArrangementTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProfitSharingArrangementTextBlock" xlink:type="resource" xml:lang="en-US">The arrangements made for the sharing of profits.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitSharingArrangementTextBlock" xlink:title="label: ProfitSharingArrangementTextBlock to label_ProfitSharingArrangementTextBlock" xlink:to="label_ProfitSharingArrangementTextBlock" xlink:type="arc"/>
    <label id="label_ProfitSharingArrangementTextBlock_2" xlink:label="label_ProfitSharingArrangementTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitSharingArrangementTextBlock" xlink:type="resource" xml:lang="en-US">Profit Sharing Arrangement [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitSharingArrangementTextBlock" xlink:title="label: ProfitSharingArrangementTextBlock to label_ProfitSharingArrangementTextBlock" xlink:to="label_ProfitSharingArrangementTextBlock_2" xlink:type="arc"/>
    <label id="label_ProfitSharingArrangementTextBlock_3" xlink:label="label_ProfitSharingArrangementTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitSharingArrangementTextBlock" xlink:type="resource" xml:lang="en-US">Profit Sharing Arrangement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitSharingArrangementTextBlock" xlink:title="label: ProfitSharingArrangementTextBlock to label_ProfitSharingArrangementTextBlock" xlink:to="label_ProfitSharingArrangementTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ProfitSharingPercentageAllocationBasedOnEarnings" xlink:label="ProfitSharingPercentageAllocationBasedOnEarnings" xlink:title="ProfitSharingPercentageAllocationBasedOnEarnings" xlink:type="locator"/>
    <label id="label_ProfitSharingPercentageAllocationBasedOnEarnings" xlink:label="label_ProfitSharingPercentageAllocationBasedOnEarnings" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProfitSharingPercentageAllocationBasedOnEarnings" xlink:type="resource" xml:lang="en-US">Refers to the percentage of sharing agreement between two related parties.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitSharingPercentageAllocationBasedOnEarnings" xlink:title="label: ProfitSharingPercentageAllocationBasedOnEarnings to label_ProfitSharingPercentageAllocationBasedOnEarnings" xlink:to="label_ProfitSharingPercentageAllocationBasedOnEarnings" xlink:type="arc"/>
    <label id="label_ProfitSharingPercentageAllocationBasedOnEarnings_2" xlink:label="label_ProfitSharingPercentageAllocationBasedOnEarnings_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitSharingPercentageAllocationBasedOnEarnings" xlink:type="resource" xml:lang="en-US">Profit Sharing Percentage Allocation Based On Earnings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitSharingPercentageAllocationBasedOnEarnings" xlink:title="label: ProfitSharingPercentageAllocationBasedOnEarnings to label_ProfitSharingPercentageAllocationBasedOnEarnings" xlink:to="label_ProfitSharingPercentageAllocationBasedOnEarnings_2" xlink:type="arc"/>
    <label id="label_ProfitSharingPercentageAllocationBasedOnEarnings_3" xlink:label="label_ProfitSharingPercentageAllocationBasedOnEarnings_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitSharingPercentageAllocationBasedOnEarnings" xlink:type="resource" xml:lang="en-US">Profit sharing, Percentage allocation based on earnings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitSharingPercentageAllocationBasedOnEarnings" xlink:title="label: ProfitSharingPercentageAllocationBasedOnEarnings to label_ProfitSharingPercentageAllocationBasedOnEarnings" xlink:to="label_ProfitSharingPercentageAllocationBasedOnEarnings_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PropertyPlantEquipmentWriteOffDepreciation" xlink:label="PropertyPlantEquipmentWriteOffDepreciation" xlink:title="PropertyPlantEquipmentWriteOffDepreciation" xlink:type="locator"/>
    <label id="label_PropertyPlantEquipmentWriteOffDepreciation" xlink:label="label_PropertyPlantEquipmentWriteOffDepreciation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PropertyPlantEquipmentWriteOffDepreciation" xlink:type="resource" xml:lang="en-US">The amount of depreciation written of within the year.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantEquipmentWriteOffDepreciation" xlink:title="label: PropertyPlantEquipmentWriteOffDepreciation to label_PropertyPlantEquipmentWriteOffDepreciation" xlink:to="label_PropertyPlantEquipmentWriteOffDepreciation" xlink:type="arc"/>
    <label id="label_PropertyPlantEquipmentWriteOffDepreciation_2" xlink:label="label_PropertyPlantEquipmentWriteOffDepreciation_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantEquipmentWriteOffDepreciation" xlink:type="resource" xml:lang="en-US">Property Plant Equipment Write Off Depreciation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantEquipmentWriteOffDepreciation" xlink:title="label: PropertyPlantEquipmentWriteOffDepreciation to label_PropertyPlantEquipmentWriteOffDepreciation" xlink:to="label_PropertyPlantEquipmentWriteOffDepreciation_2" xlink:type="arc"/>
    <label id="label_PropertyPlantEquipmentWriteOffDepreciation_3" xlink:label="label_PropertyPlantEquipmentWriteOffDepreciation_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantEquipmentWriteOffDepreciation" xlink:type="resource" xml:lang="en-US">Write offs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantEquipmentWriteOffDepreciation" xlink:title="label: PropertyPlantEquipmentWriteOffDepreciation to label_PropertyPlantEquipmentWriteOffDepreciation" xlink:to="label_PropertyPlantEquipmentWriteOffDepreciation_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ProvisionForDoubtfulAccountsGross" xlink:label="ProvisionForDoubtfulAccountsGross" xlink:title="ProvisionForDoubtfulAccountsGross" xlink:type="locator"/>
    <label id="label_ProvisionForDoubtfulAccountsGross" xlink:label="label_ProvisionForDoubtfulAccountsGross" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProvisionForDoubtfulAccountsGross" xlink:type="resource" xml:lang="en-US">The gross amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForDoubtfulAccountsGross" xlink:title="label: ProvisionForDoubtfulAccountsGross to label_ProvisionForDoubtfulAccountsGross" xlink:to="label_ProvisionForDoubtfulAccountsGross" xlink:type="arc"/>
    <label id="label_ProvisionForDoubtfulAccountsGross_2" xlink:label="label_ProvisionForDoubtfulAccountsGross_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionForDoubtfulAccountsGross" xlink:type="resource" xml:lang="en-US">Provision For Doubtful Accounts Gross</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForDoubtfulAccountsGross" xlink:title="label: ProvisionForDoubtfulAccountsGross to label_ProvisionForDoubtfulAccountsGross" xlink:to="label_ProvisionForDoubtfulAccountsGross_2" xlink:type="arc"/>
    <label id="label_ProvisionForDoubtfulAccountsGross_3" xlink:label="label_ProvisionForDoubtfulAccountsGross_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ProvisionForDoubtfulAccountsGross" xlink:type="resource" xml:lang="en-US">Charges to Costs and Expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForDoubtfulAccountsGross" xlink:title="label: ProvisionForDoubtfulAccountsGross to label_ProvisionForDoubtfulAccountsGross" xlink:to="label_ProvisionForDoubtfulAccountsGross_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PuebloHoldingsLtdMember" xlink:label="PuebloHoldingsLtdMember" xlink:title="PuebloHoldingsLtdMember" xlink:type="locator"/>
    <label id="label_PuebloHoldingsLtdMember" xlink:label="label_PuebloHoldingsLtdMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PuebloHoldingsLtdMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Pueblo Holdings Ltd.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PuebloHoldingsLtdMember" xlink:title="label: PuebloHoldingsLtdMember to label_PuebloHoldingsLtdMember" xlink:to="label_PuebloHoldingsLtdMember" xlink:type="arc"/>
    <label id="label_PuebloHoldingsLtdMember_2" xlink:label="label_PuebloHoldingsLtdMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PuebloHoldingsLtdMember" xlink:type="resource" xml:lang="en-US">Pueblo Holdings Ltd [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PuebloHoldingsLtdMember" xlink:title="label: PuebloHoldingsLtdMember to label_PuebloHoldingsLtdMember" xlink:to="label_PuebloHoldingsLtdMember_2" xlink:type="arc"/>
    <label id="label_PuebloHoldingsLtdMember_3" xlink:label="label_PuebloHoldingsLtdMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PuebloHoldingsLtdMember" xlink:type="resource" xml:lang="en-US">Pueblo Holdings Ltd.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PuebloHoldingsLtdMember" xlink:title="label: PuebloHoldingsLtdMember to label_PuebloHoldingsLtdMember" xlink:to="label_PuebloHoldingsLtdMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PushBoatsAndBargesMember" xlink:label="PushBoatsAndBargesMember" xlink:title="PushBoatsAndBargesMember" xlink:type="locator"/>
    <label id="label_PushBoatsAndBargesMember" xlink:label="label_PushBoatsAndBargesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PushBoatsAndBargesMember" xlink:type="resource" xml:lang="en-US">Push Boats And Barges [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PushBoatsAndBargesMember" xlink:title="label: PushBoatsAndBargesMember to label_PushBoatsAndBargesMember" xlink:to="label_PushBoatsAndBargesMember" xlink:type="arc"/>
    <label id="label_PushBoatsAndBargesMember_2" xlink:label="label_PushBoatsAndBargesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PushBoatsAndBargesMember" xlink:type="resource" xml:lang="en-US">Pushboats and barges</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PushBoatsAndBargesMember" xlink:title="label: PushBoatsAndBargesMember to label_PushBoatsAndBargesMember" xlink:to="label_PushBoatsAndBargesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_QuenaShipmanagementIncMember" xlink:label="QuenaShipmanagementIncMember" xlink:title="QuenaShipmanagementIncMember" xlink:type="locator"/>
    <label id="label_QuenaShipmanagementIncMember" xlink:label="label_QuenaShipmanagementIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_QuenaShipmanagementIncMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Quena Ship Management Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="QuenaShipmanagementIncMember" xlink:title="label: QuenaShipmanagementIncMember to label_QuenaShipmanagementIncMember" xlink:to="label_QuenaShipmanagementIncMember" xlink:type="arc"/>
    <label id="label_QuenaShipmanagementIncMember_2" xlink:label="label_QuenaShipmanagementIncMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_QuenaShipmanagementIncMember" xlink:type="resource" xml:lang="en-US">Quena Shipmanagement Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="QuenaShipmanagementIncMember" xlink:title="label: QuenaShipmanagementIncMember to label_QuenaShipmanagementIncMember" xlink:to="label_QuenaShipmanagementIncMember_2" xlink:type="arc"/>
    <label id="label_QuenaShipmanagementIncMember_3" xlink:label="label_QuenaShipmanagementIncMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_QuenaShipmanagementIncMember" xlink:type="resource" xml:lang="en-US">Quena Shipmanagement Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="QuenaShipmanagementIncMember" xlink:title="label: QuenaShipmanagementIncMember to label_QuenaShipmanagementIncMember" xlink:to="label_QuenaShipmanagementIncMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RawlinServicesCoMember" xlink:label="RawlinServicesCoMember" xlink:title="RawlinServicesCoMember" xlink:type="locator"/>
    <label id="label_RawlinServicesCoMember" xlink:label="label_RawlinServicesCoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RawlinServicesCoMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Rawlin Services Co.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RawlinServicesCoMember" xlink:title="label: RawlinServicesCoMember to label_RawlinServicesCoMember" xlink:to="label_RawlinServicesCoMember" xlink:type="arc"/>
    <label id="label_RawlinServicesCoMember_2" xlink:label="label_RawlinServicesCoMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RawlinServicesCoMember" xlink:type="resource" xml:lang="en-US">Rawlin Services Co [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RawlinServicesCoMember" xlink:title="label: RawlinServicesCoMember to label_RawlinServicesCoMember" xlink:to="label_RawlinServicesCoMember_2" xlink:type="arc"/>
    <label id="label_RawlinServicesCoMember_3" xlink:label="label_RawlinServicesCoMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RawlinServicesCoMember" xlink:type="resource" xml:lang="en-US">Rawlin Services Company</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RawlinServicesCoMember" xlink:title="label: RawlinServicesCoMember to label_RawlinServicesCoMember" xlink:to="label_RawlinServicesCoMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ReclassificationMember" xlink:label="ReclassificationMember" xlink:title="ReclassificationMember" xlink:type="locator"/>
    <label id="label_ReclassificationMember" xlink:label="label_ReclassificationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReclassificationMember" xlink:type="resource" xml:lang="en-US">Reclassification [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReclassificationMember" xlink:title="label: ReclassificationMember to label_ReclassificationMember" xlink:to="label_ReclassificationMember" xlink:type="arc"/>
    <label id="label_ReclassificationMember_2" xlink:label="label_ReclassificationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReclassificationMember" xlink:type="resource" xml:lang="en-US">Reclassification</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReclassificationMember" xlink:title="label: ReclassificationMember to label_ReclassificationMember" xlink:to="label_ReclassificationMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RedRoseShippingCorpMember" xlink:label="RedRoseShippingCorpMember" xlink:title="RedRoseShippingCorpMember" xlink:type="locator"/>
    <label id="label_RedRoseShippingCorpMember" xlink:label="label_RedRoseShippingCorpMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RedRoseShippingCorpMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Red Rose Shippinh Corp.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RedRoseShippingCorpMember" xlink:title="label: RedRoseShippingCorpMember to label_RedRoseShippingCorpMember" xlink:to="label_RedRoseShippingCorpMember" xlink:type="arc"/>
    <label id="label_RedRoseShippingCorpMember_2" xlink:label="label_RedRoseShippingCorpMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RedRoseShippingCorpMember" xlink:type="resource" xml:lang="en-US">Red Rose Shipping Corp [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RedRoseShippingCorpMember" xlink:title="label: RedRoseShippingCorpMember to label_RedRoseShippingCorpMember" xlink:to="label_RedRoseShippingCorpMember_2" xlink:type="arc"/>
    <label id="label_RedRoseShippingCorpMember_3" xlink:label="label_RedRoseShippingCorpMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RedRoseShippingCorpMember" xlink:type="resource" xml:lang="en-US">Red Rose Shipping Corp.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RedRoseShippingCorpMember" xlink:title="label: RedRoseShippingCorpMember to label_RedRoseShippingCorpMember" xlink:to="label_RedRoseShippingCorpMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RedeemablePreferredStockDividendsAddBack" xlink:label="RedeemablePreferredStockDividendsAddBack" xlink:title="RedeemablePreferredStockDividendsAddBack" xlink:type="locator"/>
    <label id="label_RedeemablePreferredStockDividendsAddBack" xlink:label="label_RedeemablePreferredStockDividendsAddBack" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RedeemablePreferredStockDividendsAddBack" xlink:type="resource" xml:lang="en-US">Dividends paid to preferred stock holders that is redeemable solely at the option of the issuer (amount add back).</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RedeemablePreferredStockDividendsAddBack" xlink:title="label: RedeemablePreferredStockDividendsAddBack to label_RedeemablePreferredStockDividendsAddBack" xlink:to="label_RedeemablePreferredStockDividendsAddBack" xlink:type="arc"/>
    <label id="label_RedeemablePreferredStockDividendsAddBack_2" xlink:label="label_RedeemablePreferredStockDividendsAddBack_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RedeemablePreferredStockDividendsAddBack" xlink:type="resource" xml:lang="en-US">Redeemable Preferred Stock Dividends Add Back</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RedeemablePreferredStockDividendsAddBack" xlink:title="label: RedeemablePreferredStockDividendsAddBack to label_RedeemablePreferredStockDividendsAddBack" xlink:to="label_RedeemablePreferredStockDividendsAddBack_2" xlink:type="arc"/>
    <label id="label_RedeemablePreferredStockDividendsAddBack_3" xlink:label="label_RedeemablePreferredStockDividendsAddBack_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RedeemablePreferredStockDividendsAddBack" xlink:type="resource" xml:lang="en-US">Dividend on Preferred Stock and on unvested restricted shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RedeemablePreferredStockDividendsAddBack" xlink:title="label: RedeemablePreferredStockDividendsAddBack to label_RedeemablePreferredStockDividendsAddBack" xlink:to="label_RedeemablePreferredStockDividendsAddBack_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RedemptionUsingNetProceedsOfEquityOfferingMember" xlink:label="RedemptionUsingNetProceedsOfEquityOfferingMember" xlink:title="RedemptionUsingNetProceedsOfEquityOfferingMember" xlink:type="locator"/>
    <label id="label_RedemptionUsingNetProceedsOfEquityOfferingMember" xlink:label="label_RedemptionUsingNetProceedsOfEquityOfferingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RedemptionUsingNetProceedsOfEquityOfferingMember" xlink:type="resource" xml:lang="en-US">Redemption Using Net Proceeds Of Equity Offering [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RedemptionUsingNetProceedsOfEquityOfferingMember" xlink:title="label: RedemptionUsingNetProceedsOfEquityOfferingMember to label_RedemptionUsingNetProceedsOfEquityOfferingMember" xlink:to="label_RedemptionUsingNetProceedsOfEquityOfferingMember" xlink:type="arc"/>
    <label id="label_RedemptionUsingNetProceedsOfEquityOfferingMember_2" xlink:label="label_RedemptionUsingNetProceedsOfEquityOfferingMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RedemptionUsingNetProceedsOfEquityOfferingMember" xlink:type="resource" xml:lang="en-US">Redemption using net proceeds of equity offering</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RedemptionUsingNetProceedsOfEquityOfferingMember" xlink:title="label: RedemptionUsingNetProceedsOfEquityOfferingMember to label_RedemptionUsingNetProceedsOfEquityOfferingMember" xlink:to="label_RedemptionUsingNetProceedsOfEquityOfferingMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ReimbursementPeriodForAllActualOperatingCostsExpenses" xlink:label="ReimbursementPeriodForAllActualOperatingCostsExpenses" xlink:title="ReimbursementPeriodForAllActualOperatingCostsExpenses" xlink:type="locator"/>
    <label id="label_ReimbursementPeriodForAllActualOperatingCostsExpenses" xlink:label="label_ReimbursementPeriodForAllActualOperatingCostsExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReimbursementPeriodForAllActualOperatingCostsExpenses" xlink:type="resource" xml:lang="en-US">Costs relating to the voyages performed by the vessels and may include port expenses, canal dues, war risk insurances, fuel costs and other expenses, net of gains or losses from the sale of bunkers to charterers.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReimbursementPeriodForAllActualOperatingCostsExpenses" xlink:title="label: ReimbursementPeriodForAllActualOperatingCostsExpenses to label_ReimbursementPeriodForAllActualOperatingCostsExpenses" xlink:to="label_ReimbursementPeriodForAllActualOperatingCostsExpenses" xlink:type="arc"/>
    <label id="label_ReimbursementPeriodForAllActualOperatingCostsExpenses_2" xlink:label="label_ReimbursementPeriodForAllActualOperatingCostsExpenses_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReimbursementPeriodForAllActualOperatingCostsExpenses" xlink:type="resource" xml:lang="en-US">Reimbursement Period For All Actual Operating Costs Expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReimbursementPeriodForAllActualOperatingCostsExpenses" xlink:title="label: ReimbursementPeriodForAllActualOperatingCostsExpenses to label_ReimbursementPeriodForAllActualOperatingCostsExpenses" xlink:to="label_ReimbursementPeriodForAllActualOperatingCostsExpenses_2" xlink:type="arc"/>
    <label id="label_ReimbursementPeriodForAllActualOperatingCostsExpenses_3" xlink:label="label_ReimbursementPeriodForAllActualOperatingCostsExpenses_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReimbursementPeriodForAllActualOperatingCostsExpenses" xlink:type="resource" xml:lang="en-US">Terms of reimbursement of fees and expenses under the management agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReimbursementPeriodForAllActualOperatingCostsExpenses" xlink:title="label: ReimbursementPeriodForAllActualOperatingCostsExpenses to label_ReimbursementPeriodForAllActualOperatingCostsExpenses" xlink:to="label_ReimbursementPeriodForAllActualOperatingCostsExpenses_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RelatedPartyTerminationTransactionDate" xlink:label="RelatedPartyTerminationTransactionDate" xlink:title="RelatedPartyTerminationTransactionDate" xlink:type="locator"/>
    <label id="label_RelatedPartyTerminationTransactionDate" xlink:label="label_RelatedPartyTerminationTransactionDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RelatedPartyTerminationTransactionDate" xlink:type="resource" xml:lang="en-US">Date of maturity or expiration of arrangements with a related party (for example, but not limited to, leasing and debt arrangements between related parties).</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTerminationTransactionDate" xlink:title="label: RelatedPartyTerminationTransactionDate to label_RelatedPartyTerminationTransactionDate" xlink:to="label_RelatedPartyTerminationTransactionDate" xlink:type="arc"/>
    <label id="label_RelatedPartyTerminationTransactionDate_2" xlink:label="label_RelatedPartyTerminationTransactionDate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTerminationTransactionDate" xlink:type="resource" xml:lang="en-US">Related Party Termination Transaction Date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTerminationTransactionDate" xlink:title="label: RelatedPartyTerminationTransactionDate to label_RelatedPartyTerminationTransactionDate" xlink:to="label_RelatedPartyTerminationTransactionDate_2" xlink:type="arc"/>
    <label id="label_RelatedPartyTerminationTransactionDate_3" xlink:label="label_RelatedPartyTerminationTransactionDate_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RelatedPartyTerminationTransactionDate" xlink:type="resource" xml:lang="en-US">Termination date of the administrative services agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTerminationTransactionDate" xlink:title="label: RelatedPartyTerminationTransactionDate to label_RelatedPartyTerminationTransactionDate" xlink:to="label_RelatedPartyTerminationTransactionDate_3" xlink:type="arc"/>
    <label id="label_RelatedPartyTerminationTransactionDate_4" xlink:label="label_RelatedPartyTerminationTransactionDate_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_RelatedPartyTerminationTransactionDate" xlink:type="resource" xml:lang="en-US">Termination date of agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTerminationTransactionDate" xlink:title="label: RelatedPartyTerminationTransactionDate to label_RelatedPartyTerminationTransactionDate" xlink:to="label_RelatedPartyTerminationTransactionDate_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RemainingNonControllingInterestPercentageAcquired" xlink:label="RemainingNonControllingInterestPercentageAcquired" xlink:title="RemainingNonControllingInterestPercentageAcquired" xlink:type="locator"/>
    <label id="label_RemainingNonControllingInterestPercentageAcquired" xlink:label="label_RemainingNonControllingInterestPercentageAcquired" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RemainingNonControllingInterestPercentageAcquired" xlink:type="resource" xml:lang="en-US">The remaining non controlling interest percentage acquired.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RemainingNonControllingInterestPercentageAcquired" xlink:title="label: RemainingNonControllingInterestPercentageAcquired to label_RemainingNonControllingInterestPercentageAcquired" xlink:to="label_RemainingNonControllingInterestPercentageAcquired" xlink:type="arc"/>
    <label id="label_RemainingNonControllingInterestPercentageAcquired_2" xlink:label="label_RemainingNonControllingInterestPercentageAcquired_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RemainingNonControllingInterestPercentageAcquired" xlink:type="resource" xml:lang="en-US">Remaining Non Controlling Interest Percentage Acquired</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RemainingNonControllingInterestPercentageAcquired" xlink:title="label: RemainingNonControllingInterestPercentageAcquired to label_RemainingNonControllingInterestPercentageAcquired" xlink:to="label_RemainingNonControllingInterestPercentageAcquired_2" xlink:type="arc"/>
    <label id="label_RemainingNonControllingInterestPercentageAcquired_3" xlink:label="label_RemainingNonControllingInterestPercentageAcquired_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RemainingNonControllingInterestPercentageAcquired" xlink:type="resource" xml:lang="en-US">Remaining non controlling interest percentage acquired</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RemainingNonControllingInterestPercentageAcquired" xlink:title="label: RemainingNonControllingInterestPercentageAcquired to label_RemainingNonControllingInterestPercentageAcquired" xlink:to="label_RemainingNonControllingInterestPercentageAcquired_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RepaymentsOfDebtExcludingFutureInstallments" xlink:label="RepaymentsOfDebtExcludingFutureInstallments" xlink:title="RepaymentsOfDebtExcludingFutureInstallments" xlink:type="locator"/>
    <label id="label_RepaymentsOfDebtExcludingFutureInstallments" xlink:label="label_RepaymentsOfDebtExcludingFutureInstallments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RepaymentsOfDebtExcludingFutureInstallments" xlink:type="resource" xml:lang="en-US">The cash outflow during the period from the repayment of aggregate short-term and long-term debt, excluding maturities of the next fiscal year and thereafter.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfDebtExcludingFutureInstallments" xlink:title="label: RepaymentsOfDebtExcludingFutureInstallments to label_RepaymentsOfDebtExcludingFutureInstallments" xlink:to="label_RepaymentsOfDebtExcludingFutureInstallments" xlink:type="arc"/>
    <label id="label_RepaymentsOfDebtExcludingFutureInstallments_2" xlink:label="label_RepaymentsOfDebtExcludingFutureInstallments_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepaymentsOfDebtExcludingFutureInstallments" xlink:type="resource" xml:lang="en-US">Repayments Of Debt Excluding Future Installments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfDebtExcludingFutureInstallments" xlink:title="label: RepaymentsOfDebtExcludingFutureInstallments to label_RepaymentsOfDebtExcludingFutureInstallments" xlink:to="label_RepaymentsOfDebtExcludingFutureInstallments_2" xlink:type="arc"/>
    <label id="label_RepaymentsOfDebtExcludingFutureInstallments_3" xlink:label="label_RepaymentsOfDebtExcludingFutureInstallments_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RepaymentsOfDebtExcludingFutureInstallments" xlink:type="resource" xml:lang="en-US">Payments related to installments for the current year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfDebtExcludingFutureInstallments" xlink:title="label: RepaymentsOfDebtExcludingFutureInstallments to label_RepaymentsOfDebtExcludingFutureInstallments" xlink:to="label_RepaymentsOfDebtExcludingFutureInstallments_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RepaymentsOfDebtOfFutureBalloonPayments" xlink:label="RepaymentsOfDebtOfFutureBalloonPayments" xlink:title="RepaymentsOfDebtOfFutureBalloonPayments" xlink:type="locator"/>
    <label id="label_RepaymentsOfDebtOfFutureBalloonPayments" xlink:label="label_RepaymentsOfDebtOfFutureBalloonPayments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RepaymentsOfDebtOfFutureBalloonPayments" xlink:type="resource" xml:lang="en-US">The cash outflow during the period from the repayment of aggregate short-term and long-term debt of baloon payments maturing in the fourth and fifth fiscal year following the latest fiscal year.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfDebtOfFutureBalloonPayments" xlink:title="label: RepaymentsOfDebtOfFutureBalloonPayments to label_RepaymentsOfDebtOfFutureBalloonPayments" xlink:to="label_RepaymentsOfDebtOfFutureBalloonPayments" xlink:type="arc"/>
    <label id="label_RepaymentsOfDebtOfFutureBalloonPayments_2" xlink:label="label_RepaymentsOfDebtOfFutureBalloonPayments_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepaymentsOfDebtOfFutureBalloonPayments" xlink:type="resource" xml:lang="en-US">Repayments Of Debt Of Future Balloon Payments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfDebtOfFutureBalloonPayments" xlink:title="label: RepaymentsOfDebtOfFutureBalloonPayments to label_RepaymentsOfDebtOfFutureBalloonPayments" xlink:to="label_RepaymentsOfDebtOfFutureBalloonPayments_2" xlink:type="arc"/>
    <label id="label_RepaymentsOfDebtOfFutureBalloonPayments_3" xlink:label="label_RepaymentsOfDebtOfFutureBalloonPayments_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RepaymentsOfDebtOfFutureBalloonPayments" xlink:type="resource" xml:lang="en-US">Early payment of a balloon payment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfDebtOfFutureBalloonPayments" xlink:title="label: RepaymentsOfDebtOfFutureBalloonPayments to label_RepaymentsOfDebtOfFutureBalloonPayments" xlink:to="label_RepaymentsOfDebtOfFutureBalloonPayments_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RepaymentsOfDebtOfFutureInstallments" xlink:label="RepaymentsOfDebtOfFutureInstallments" xlink:title="RepaymentsOfDebtOfFutureInstallments" xlink:type="locator"/>
    <label id="label_RepaymentsOfDebtOfFutureInstallments" xlink:label="label_RepaymentsOfDebtOfFutureInstallments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RepaymentsOfDebtOfFutureInstallments" xlink:type="resource" xml:lang="en-US">The cash outflow during the period from the repayment of aggregate short-term and long-term debt, maturing in the next fiscal year following the latest fiscal year.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfDebtOfFutureInstallments" xlink:title="label: RepaymentsOfDebtOfFutureInstallments to label_RepaymentsOfDebtOfFutureInstallments" xlink:to="label_RepaymentsOfDebtOfFutureInstallments" xlink:type="arc"/>
    <label id="label_RepaymentsOfDebtOfFutureInstallments_2" xlink:label="label_RepaymentsOfDebtOfFutureInstallments_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepaymentsOfDebtOfFutureInstallments" xlink:type="resource" xml:lang="en-US">Repayments Of Debt Of Future Installments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfDebtOfFutureInstallments" xlink:title="label: RepaymentsOfDebtOfFutureInstallments to label_RepaymentsOfDebtOfFutureInstallments" xlink:to="label_RepaymentsOfDebtOfFutureInstallments_2" xlink:type="arc"/>
    <label id="label_RepaymentsOfDebtOfFutureInstallments_3" xlink:label="label_RepaymentsOfDebtOfFutureInstallments_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RepaymentsOfDebtOfFutureInstallments" xlink:type="resource" xml:lang="en-US">Payments related to installments for the next year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfDebtOfFutureInstallments" xlink:title="label: RepaymentsOfDebtOfFutureInstallments to label_RepaymentsOfDebtOfFutureInstallments" xlink:to="label_RepaymentsOfDebtOfFutureInstallments_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsDomain" xlink:label="RestrictedCashAndCashEquivalentsCashAndCashEquivalentsDomain" xlink:title="RestrictedCashAndCashEquivalentsCashAndCashEquivalentsDomain" xlink:type="locator"/>
    <label id="label_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsDomain" xlink:label="label_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsDomain" xlink:type="resource" xml:lang="en-US">Restricted Cash And Cash Equivalents Cash And Cash Equivalents [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedCashAndCashEquivalentsCashAndCashEquivalentsDomain" xlink:title="label: RestrictedCashAndCashEquivalentsCashAndCashEquivalentsDomain to label_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsDomain" xlink:to="label_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsDomain" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RestrictedCashCashEquivalentsFairValueDisclosure" xlink:label="RestrictedCashCashEquivalentsFairValueDisclosure" xlink:title="RestrictedCashCashEquivalentsFairValueDisclosure" xlink:type="locator"/>
    <label id="label_RestrictedCashCashEquivalentsFairValueDisclosure" xlink:label="label_RestrictedCashCashEquivalentsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RestrictedCashCashEquivalentsFairValueDisclosure" xlink:type="resource" xml:lang="en-US">The fair value of cash and cash equivalent items which are restricted as to withdrawal or usage.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedCashCashEquivalentsFairValueDisclosure" xlink:title="label: RestrictedCashCashEquivalentsFairValueDisclosure to label_RestrictedCashCashEquivalentsFairValueDisclosure" xlink:to="label_RestrictedCashCashEquivalentsFairValueDisclosure" xlink:type="arc"/>
    <label id="label_RestrictedCashCashEquivalentsFairValueDisclosure_2" xlink:label="label_RestrictedCashCashEquivalentsFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestrictedCashCashEquivalentsFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Restricted Cash Cash Equivalents Fair Value Disclosure</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedCashCashEquivalentsFairValueDisclosure" xlink:title="label: RestrictedCashCashEquivalentsFairValueDisclosure to label_RestrictedCashCashEquivalentsFairValueDisclosure" xlink:to="label_RestrictedCashCashEquivalentsFairValueDisclosure_2" xlink:type="arc"/>
    <label id="label_RestrictedCashCashEquivalentsFairValueDisclosure_3" xlink:label="label_RestrictedCashCashEquivalentsFairValueDisclosure_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RestrictedCashCashEquivalentsFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Restricted cash</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedCashCashEquivalentsFairValueDisclosure" xlink:title="label: RestrictedCashCashEquivalentsFairValueDisclosure to label_RestrictedCashCashEquivalentsFairValueDisclosure" xlink:to="label_RestrictedCashCashEquivalentsFairValueDisclosure_3" xlink:type="arc"/>
    <label id="label_RestrictedCashCashEquivalentsFairValueDisclosure_4" xlink:label="label_RestrictedCashCashEquivalentsFairValueDisclosure_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_RestrictedCashCashEquivalentsFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Restricted cash - Fair Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedCashCashEquivalentsFairValueDisclosure" xlink:title="label: RestrictedCashCashEquivalentsFairValueDisclosure to label_RestrictedCashCashEquivalentsFairValueDisclosure" xlink:to="label_RestrictedCashCashEquivalentsFairValueDisclosure_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RestrictedStockRestrictedStockUnitsAbstract" xlink:label="RestrictedStockRestrictedStockUnitsAbstract" xlink:title="RestrictedStockRestrictedStockUnitsAbstract" xlink:type="locator"/>
    <label id="label_RestrictedStockRestrictedStockUnitsAbstract" xlink:label="label_RestrictedStockRestrictedStockUnitsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestrictedStockRestrictedStockUnitsAbstract" xlink:type="resource" xml:lang="en-US">Restricted Stock Restricted Stock Units [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedStockRestrictedStockUnitsAbstract" xlink:title="label: RestrictedStockRestrictedStockUnitsAbstract to label_RestrictedStockRestrictedStockUnitsAbstract" xlink:to="label_RestrictedStockRestrictedStockUnitsAbstract" xlink:type="arc"/>
    <label id="label_RestrictedStockRestrictedStockUnitsAbstract_2" xlink:label="label_RestrictedStockRestrictedStockUnitsAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RestrictedStockRestrictedStockUnitsAbstract" xlink:type="resource" xml:lang="en-US">Restricted stock and restricted stock units</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedStockRestrictedStockUnitsAbstract" xlink:title="label: RestrictedStockRestrictedStockUnitsAbstract to label_RestrictedStockRestrictedStockUnitsAbstract" xlink:to="label_RestrictedStockRestrictedStockUnitsAbstract_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RestrictedStockUnitsNumber" xlink:label="RestrictedStockUnitsNumber" xlink:title="RestrictedStockUnitsNumber" xlink:type="locator"/>
    <label id="label_RestrictedStockUnitsNumber" xlink:label="label_RestrictedStockUnitsNumber" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RestrictedStockUnitsNumber" xlink:type="resource" xml:lang="en-US">Costs relating to the voyages performed by the vessels and may include port expenses, canal dues, war risk insurances, fuel costs and other expenses, net of gains or losses from the sale of bunkers to charterers.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedStockUnitsNumber" xlink:title="label: RestrictedStockUnitsNumber to label_RestrictedStockUnitsNumber" xlink:to="label_RestrictedStockUnitsNumber" xlink:type="arc"/>
    <label id="label_RestrictedStockUnitsNumber_2" xlink:label="label_RestrictedStockUnitsNumber_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestrictedStockUnitsNumber" xlink:type="resource" xml:lang="en-US">Restricted Stock Units Number</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedStockUnitsNumber" xlink:title="label: RestrictedStockUnitsNumber to label_RestrictedStockUnitsNumber" xlink:to="label_RestrictedStockUnitsNumber_2" xlink:type="arc"/>
    <label id="label_RestrictedStockUnitsNumber_3" xlink:label="label_RestrictedStockUnitsNumber_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RestrictedStockUnitsNumber" xlink:type="resource" xml:lang="en-US">Number of restricted stock units issued to employees</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedStockUnitsNumber" xlink:title="label: RestrictedStockUnitsNumber to label_RestrictedStockUnitsNumber" xlink:to="label_RestrictedStockUnitsNumber_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RestructureCapitalLeaseFixedAssets" xlink:label="RestructureCapitalLeaseFixedAssets" xlink:title="RestructureCapitalLeaseFixedAssets" xlink:type="locator"/>
    <label id="label_RestructureCapitalLeaseFixedAssets" xlink:label="label_RestructureCapitalLeaseFixedAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RestructureCapitalLeaseFixedAssets" xlink:type="resource" xml:lang="en-US">Amount of adjustment to noncapital lease obligation.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestructureCapitalLeaseFixedAssets" xlink:title="label: RestructureCapitalLeaseFixedAssets to label_RestructureCapitalLeaseFixedAssets" xlink:to="label_RestructureCapitalLeaseFixedAssets" xlink:type="arc"/>
    <label id="label_RestructureCapitalLeaseFixedAssets_2" xlink:label="label_RestructureCapitalLeaseFixedAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestructureCapitalLeaseFixedAssets" xlink:type="resource" xml:lang="en-US">Restructure Capital Lease Fixed Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestructureCapitalLeaseFixedAssets" xlink:title="label: RestructureCapitalLeaseFixedAssets to label_RestructureCapitalLeaseFixedAssets" xlink:to="label_RestructureCapitalLeaseFixedAssets_2" xlink:type="arc"/>
    <label id="label_RestructureCapitalLeaseFixedAssets_3" xlink:label="label_RestructureCapitalLeaseFixedAssets_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RestructureCapitalLeaseFixedAssets" xlink:type="resource" xml:lang="en-US">Restructure of capital lease</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestructureCapitalLeaseFixedAssets" xlink:title="label: RestructureCapitalLeaseFixedAssets to label_RestructureCapitalLeaseFixedAssets" xlink:to="label_RestructureCapitalLeaseFixedAssets_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RetentionAccountsMember" xlink:label="RetentionAccountsMember" xlink:title="RetentionAccountsMember" xlink:type="locator"/>
    <label id="label_RetentionAccountsMember" xlink:label="label_RetentionAccountsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RetentionAccountsMember" xlink:type="resource" xml:lang="en-US">Amounts of cash held by the company in order to service other payments.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetentionAccountsMember" xlink:title="label: RetentionAccountsMember to label_RetentionAccountsMember" xlink:to="label_RetentionAccountsMember" xlink:type="arc"/>
    <label id="label_RetentionAccountsMember_2" xlink:label="label_RetentionAccountsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RetentionAccountsMember" xlink:type="resource" xml:lang="en-US">Retention accounts [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetentionAccountsMember" xlink:title="label: RetentionAccountsMember to label_RetentionAccountsMember" xlink:to="label_RetentionAccountsMember_2" xlink:type="arc"/>
    <label id="label_RetentionAccountsMember_3" xlink:label="label_RetentionAccountsMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RetentionAccountsMember" xlink:type="resource" xml:lang="en-US">Retention Accounts</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetentionAccountsMember" xlink:title="label: RetentionAccountsMember to label_RetentionAccountsMember" xlink:to="label_RetentionAccountsMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:label="RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:title="RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:type="locator"/>
    <label id="label_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation_2" xlink:label="label_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:type="resource" xml:lang="en-US">Revaluation of vessels due to restructuring of capital lease obligation.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:title="label: RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation to label_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:to="label_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation_2" xlink:type="arc"/>
    <label id="label_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation_3" xlink:label="label_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:type="resource" xml:lang="en-US">Revaluation Of Vessels Due To Restructuring Of Capital Lease Obligation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:title="label: RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation to label_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:to="label_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation_3" xlink:type="arc"/>
    <label id="label_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation_4" xlink:label="label_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation_4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:type="resource" xml:lang="en-US">Revaluation of vessels due to termination/restructuring of capital lease obligations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:title="label: RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation to label_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:to="label_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation_4" xlink:type="arc"/>
    <label id="label_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:label="label_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:type="resource" xml:lang="en-US">Revaluation of vessels due to termination of capital lease obligation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:title="label: RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation to label_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:to="label_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RevenuesNetExpensesPoolingArrangements" xlink:label="RevenuesNetExpensesPoolingArrangements" xlink:title="RevenuesNetExpensesPoolingArrangements" xlink:type="locator"/>
    <label id="label_RevenuesNetExpensesPoolingArrangements" xlink:label="label_RevenuesNetExpensesPoolingArrangements" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RevenuesNetExpensesPoolingArrangements" xlink:type="resource" xml:lang="en-US">Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process, net of expenses. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenuesNetExpensesPoolingArrangements" xlink:title="label: RevenuesNetExpensesPoolingArrangements to label_RevenuesNetExpensesPoolingArrangements" xlink:to="label_RevenuesNetExpensesPoolingArrangements" xlink:type="arc"/>
    <label id="label_RevenuesNetExpensesPoolingArrangements_2" xlink:label="label_RevenuesNetExpensesPoolingArrangements_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenuesNetExpensesPoolingArrangements" xlink:type="resource" xml:lang="en-US">Revenues Net Expenses Pooling Arrangements</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenuesNetExpensesPoolingArrangements" xlink:title="label: RevenuesNetExpensesPoolingArrangements to label_RevenuesNetExpensesPoolingArrangements" xlink:to="label_RevenuesNetExpensesPoolingArrangements_2" xlink:type="arc"/>
    <label id="label_RevenuesNetExpensesPoolingArrangements_3" xlink:label="label_RevenuesNetExpensesPoolingArrangements_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RevenuesNetExpensesPoolingArrangements" xlink:type="resource" xml:lang="en-US">Revenue for vessels operating in pooling arrangements, net of expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenuesNetExpensesPoolingArrangements" xlink:title="label: RevenuesNetExpensesPoolingArrangements to label_RevenuesNetExpensesPoolingArrangements" xlink:to="label_RevenuesNetExpensesPoolingArrangements_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RevolverCreditFacilityMember" xlink:label="RevolverCreditFacilityMember" xlink:title="RevolverCreditFacilityMember" xlink:type="locator"/>
    <label id="label_RevolverCreditFacilityMember" xlink:label="label_RevolverCreditFacilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevolverCreditFacilityMember" xlink:type="resource" xml:lang="en-US">Revolver Credit Facility [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevolverCreditFacilityMember" xlink:title="label: RevolverCreditFacilityMember to label_RevolverCreditFacilityMember" xlink:to="label_RevolverCreditFacilityMember" xlink:type="arc"/>
    <label id="label_RevolverCreditFacilityMember_2" xlink:label="label_RevolverCreditFacilityMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RevolverCreditFacilityMember" xlink:type="resource" xml:lang="en-US">Revolver</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevolverCreditFacilityMember" xlink:title="label: RevolverCreditFacilityMember to label_RevolverCreditFacilityMember" xlink:to="label_RevolverCreditFacilityMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RevolverFacilityHshNordbankCommerzbankMember" xlink:label="RevolverFacilityHshNordbankCommerzbankMember" xlink:title="RevolverFacilityHshNordbankCommerzbankMember" xlink:type="locator"/>
    <label id="label_RevolverFacilityHshNordbankCommerzbankMember" xlink:label="label_RevolverFacilityHshNordbankCommerzbankMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevolverFacilityHshNordbankCommerzbankMember" xlink:type="resource" xml:lang="en-US">Revolver Facility Hsh Nordbank Commerzbank [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevolverFacilityHshNordbankCommerzbankMember" xlink:title="label: RevolverFacilityHshNordbankCommerzbankMember to label_RevolverFacilityHshNordbankCommerzbankMember" xlink:to="label_RevolverFacilityHshNordbankCommerzbankMember" xlink:type="arc"/>
    <label id="label_RevolverFacilityHshNordbankCommerzbankMember_2" xlink:label="label_RevolverFacilityHshNordbankCommerzbankMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RevolverFacilityHshNordbankCommerzbankMember" xlink:type="resource" xml:lang="en-US">Revolver Facility HSH Nordbank and Commerzbank A.G.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevolverFacilityHshNordbankCommerzbankMember" xlink:title="label: RevolverFacilityHshNordbankCommerzbankMember to label_RevolverFacilityHshNordbankCommerzbankMember" xlink:to="label_RevolverFacilityHshNordbankCommerzbankMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:label="RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:title="RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:type="locator"/>
    <label id="label_RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:label="label_RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:type="resource" xml:lang="en-US">Maximum borrowings from a revolving loan facility used to finance working capital requirements.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:title="label: RevolvingCreditFacilityMaximumBorrowingCapacity to label_RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:to="label_RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:type="arc"/>
    <label id="label_RevolvingCreditFacilityMaximumBorrowingCapacity_2" xlink:label="label_RevolvingCreditFacilityMaximumBorrowingCapacity_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:type="resource" xml:lang="en-US">Revolving Credit Facility Maximum Borrowing Capacity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:title="label: RevolvingCreditFacilityMaximumBorrowingCapacity to label_RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:to="label_RevolvingCreditFacilityMaximumBorrowingCapacity_2" xlink:type="arc"/>
    <label id="label_RevolvingCreditFacilityMaximumBorrowingCapacity_3" xlink:label="label_RevolvingCreditFacilityMaximumBorrowingCapacity_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:type="resource" xml:lang="en-US">Revolving loan facility maximum borrowing capacity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:title="label: RevolvingCreditFacilityMaximumBorrowingCapacity to label_RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:to="label_RevolvingCreditFacilityMaximumBorrowingCapacity_3" xlink:type="arc"/>
    <label id="label_RevolvingCreditFacilityMaximumBorrowingCapacity_4" xlink:label="label_RevolvingCreditFacilityMaximumBorrowingCapacity_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:type="resource" xml:lang="en-US">Revolving loan facility to fund working capital requirements, outstanding</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:title="label: RevolvingCreditFacilityMaximumBorrowingCapacity to label_RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:to="label_RevolvingCreditFacilityMaximumBorrowingCapacity_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RheiaAssociatesCoMember" xlink:label="RheiaAssociatesCoMember" xlink:title="RheiaAssociatesCoMember" xlink:type="locator"/>
    <label id="label_RheiaAssociatesCoMember" xlink:label="label_RheiaAssociatesCoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RheiaAssociatesCoMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Rheia Associates Co.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RheiaAssociatesCoMember" xlink:title="label: RheiaAssociatesCoMember to label_RheiaAssociatesCoMember" xlink:to="label_RheiaAssociatesCoMember" xlink:type="arc"/>
    <label id="label_RheiaAssociatesCoMember_2" xlink:label="label_RheiaAssociatesCoMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RheiaAssociatesCoMember" xlink:type="resource" xml:lang="en-US">Rheia Associates Co [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RheiaAssociatesCoMember" xlink:title="label: RheiaAssociatesCoMember to label_RheiaAssociatesCoMember" xlink:to="label_RheiaAssociatesCoMember_2" xlink:type="arc"/>
    <label id="label_RheiaAssociatesCoMember_3" xlink:label="label_RheiaAssociatesCoMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RheiaAssociatesCoMember" xlink:type="resource" xml:lang="en-US">Rheia Associates Co.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RheiaAssociatesCoMember" xlink:title="label: RheiaAssociatesCoMember to label_RheiaAssociatesCoMember" xlink:to="label_RheiaAssociatesCoMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RiverAndEstuaryTankerMember" xlink:label="RiverAndEstuaryTankerMember" xlink:title="RiverAndEstuaryTankerMember" xlink:type="locator"/>
    <label id="label_RiverAndEstuaryTankerMember" xlink:label="label_RiverAndEstuaryTankerMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RiverAndEstuaryTankerMember" xlink:type="resource" xml:lang="en-US">River And Estuary Tanker [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RiverAndEstuaryTankerMember" xlink:title="label: RiverAndEstuaryTankerMember to label_RiverAndEstuaryTankerMember" xlink:to="label_RiverAndEstuaryTankerMember" xlink:type="arc"/>
    <label id="label_RiverAndEstuaryTankerMember_2" xlink:label="label_RiverAndEstuaryTankerMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RiverAndEstuaryTankerMember" xlink:type="resource" xml:lang="en-US">River and estuary tanker</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RiverAndEstuaryTankerMember" xlink:title="label: RiverAndEstuaryTankerMember to label_RiverAndEstuaryTankerMember" xlink:to="label_RiverAndEstuaryTankerMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RoseliteShippingCorporationMember" xlink:label="RoseliteShippingCorporationMember" xlink:title="RoseliteShippingCorporationMember" xlink:type="locator"/>
    <label id="label_RoseliteShippingCorporationMember" xlink:label="label_RoseliteShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RoseliteShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Roselite Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RoseliteShippingCorporationMember" xlink:title="label: RoseliteShippingCorporationMember to label_RoseliteShippingCorporationMember" xlink:to="label_RoseliteShippingCorporationMember" xlink:type="arc"/>
    <label id="label_RoseliteShippingCorporationMember_2" xlink:label="label_RoseliteShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RoseliteShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Roselite Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RoseliteShippingCorporationMember" xlink:title="label: RoseliteShippingCorporationMember to label_RoseliteShippingCorporationMember" xlink:to="label_RoseliteShippingCorporationMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RowboatMarineIncMember" xlink:label="RowboatMarineIncMember" xlink:title="RowboatMarineIncMember" xlink:type="locator"/>
    <label id="label_RowboatMarineIncMember" xlink:label="label_RowboatMarineIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RowboatMarineIncMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Rowboat Marine Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RowboatMarineIncMember" xlink:title="label: RowboatMarineIncMember to label_RowboatMarineIncMember" xlink:to="label_RowboatMarineIncMember" xlink:type="arc"/>
    <label id="label_RowboatMarineIncMember_2" xlink:label="label_RowboatMarineIncMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RowboatMarineIncMember" xlink:type="resource" xml:lang="en-US">Rowboat Marine Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RowboatMarineIncMember" xlink:title="label: RowboatMarineIncMember to label_RowboatMarineIncMember" xlink:to="label_RowboatMarineIncMember_2" xlink:type="arc"/>
    <label id="label_RowboatMarineIncMember_3" xlink:label="label_RowboatMarineIncMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RowboatMarineIncMember" xlink:type="resource" xml:lang="en-US">Rowboat Marine Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RowboatMarineIncMember" xlink:title="label: RowboatMarineIncMember to label_RowboatMarineIncMember" xlink:to="label_RowboatMarineIncMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RumerHoldingLtdMember" xlink:label="RumerHoldingLtdMember" xlink:title="RumerHoldingLtdMember" xlink:type="locator"/>
    <label id="label_RumerHoldingLtdMember" xlink:label="label_RumerHoldingLtdMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RumerHoldingLtdMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Rumer Holdings Ltd.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RumerHoldingLtdMember" xlink:title="label: RumerHoldingLtdMember to label_RumerHoldingLtdMember" xlink:to="label_RumerHoldingLtdMember" xlink:type="arc"/>
    <label id="label_RumerHoldingLtdMember_2" xlink:label="label_RumerHoldingLtdMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RumerHoldingLtdMember" xlink:type="resource" xml:lang="en-US">Rumer Holding Ltd [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RumerHoldingLtdMember" xlink:title="label: RumerHoldingLtdMember to label_RumerHoldingLtdMember" xlink:to="label_RumerHoldingLtdMember_2" xlink:type="arc"/>
    <label id="label_RumerHoldingLtdMember_3" xlink:label="label_RumerHoldingLtdMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RumerHoldingLtdMember" xlink:type="resource" xml:lang="en-US">Rumer Holding Ltd.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RumerHoldingLtdMember" xlink:title="label: RumerHoldingLtdMember to label_RumerHoldingLtdMember" xlink:to="label_RumerHoldingLtdMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SalePriceContractualAgreementNet" xlink:label="SalePriceContractualAgreementNet" xlink:title="SalePriceContractualAgreementNet" xlink:type="locator"/>
    <label id="label_SalePriceContractualAgreementNet_2" xlink:label="label_SalePriceContractualAgreementNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SalePriceContractualAgreementNet" xlink:type="resource" xml:lang="en-US">Net amount of contractual obligation, including but not limited to, long-term debt, capital lease obligations, operating lease obligations, purchase obligations, and other commitments.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SalePriceContractualAgreementNet" xlink:title="label: SalePriceContractualAgreementNet to label_SalePriceContractualAgreementNet" xlink:to="label_SalePriceContractualAgreementNet" xlink:type="arc"/>
    <label id="label_SalePriceContractualAgreementNet" xlink:label="label_SalePriceContractualAgreementNet_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SalePriceContractualAgreementNet" xlink:type="resource" xml:lang="en-US">Sale price contractual agreement, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SalePriceContractualAgreementNet" xlink:title="label: SalePriceContractualAgreementNet to label_SalePriceContractualAgreementNet" xlink:to="label_SalePriceContractualAgreementNet_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SaleStockCorrespondingDescription" xlink:label="SaleStockCorrespondingDescription" xlink:title="SaleStockCorrespondingDescription" xlink:type="locator"/>
    <label id="label_SaleStockCorrespondingDescription" xlink:label="label_SaleStockCorrespondingDescription" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SaleStockCorrespondingDescription" xlink:type="resource" xml:lang="en-US">Details relating to the sale of American Depositary Shares.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleStockCorrespondingDescription" xlink:title="label: SaleStockCorrespondingDescription to label_SaleStockCorrespondingDescription" xlink:to="label_SaleStockCorrespondingDescription" xlink:type="arc"/>
    <label id="label_SaleStockCorrespondingDescription_2" xlink:label="label_SaleStockCorrespondingDescription_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SaleStockCorrespondingDescription" xlink:type="resource" xml:lang="en-US">Sale Of Stock Corresponding Description</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleStockCorrespondingDescription" xlink:title="label: SaleStockCorrespondingDescription to label_SaleStockCorrespondingDescription" xlink:to="label_SaleStockCorrespondingDescription_2" xlink:type="arc"/>
    <label id="label_SaleStockCorrespondingDescription_3" xlink:label="label_SaleStockCorrespondingDescription_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SaleStockCorrespondingDescription" xlink:type="resource" xml:lang="en-US">Sale of American Depositary Shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleStockCorrespondingDescription" xlink:title="label: SaleStockCorrespondingDescription to label_SaleStockCorrespondingDescription" xlink:to="label_SaleStockCorrespondingDescription_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SanSanHMember" xlink:label="SanSanHMember" xlink:title="SanSanHMember" xlink:type="locator"/>
    <label id="label_SanSanHMember" xlink:label="label_SanSanHMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SanSanHMember" xlink:type="resource" xml:lang="en-US">San San H [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SanSanHMember" xlink:title="label: SanSanHMember to label_SanSanHMember" xlink:to="label_SanSanHMember" xlink:type="arc"/>
    <label id="label_SanSanHMember_2" xlink:label="label_SanSanHMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SanSanHMember" xlink:type="resource" xml:lang="en-US">San San H</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SanSanHMember" xlink:title="label: SanSanHMember to label_SanSanHMember" xlink:to="label_SanSanHMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ScrapValueVesselsPerLwt" xlink:label="ScrapValueVesselsPerLwt" xlink:title="ScrapValueVesselsPerLwt" xlink:type="locator"/>
    <label id="label_ScrapValueVesselsPerLwt" xlink:label="label_ScrapValueVesselsPerLwt" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ScrapValueVesselsPerLwt" xlink:type="resource" xml:lang="en-US">The scrap value of a vessel per light weight ton.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScrapValueVesselsPerLwt" xlink:title="label: ScrapValueVesselsPerLwt to label_ScrapValueVesselsPerLwt" xlink:to="label_ScrapValueVesselsPerLwt" xlink:type="arc"/>
    <label id="label_ScrapValueVesselsPerLwt_2" xlink:label="label_ScrapValueVesselsPerLwt_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScrapValueVesselsPerLwt" xlink:type="resource" xml:lang="en-US">Scrap Value Of Vessels Per Lwt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScrapValueVesselsPerLwt" xlink:title="label: ScrapValueVesselsPerLwt to label_ScrapValueVesselsPerLwt" xlink:to="label_ScrapValueVesselsPerLwt_2" xlink:type="arc"/>
    <label id="label_ScrapValueVesselsPerLwt_3" xlink:label="label_ScrapValueVesselsPerLwt_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ScrapValueVesselsPerLwt" xlink:type="resource" xml:lang="en-US">Scrap value of vessels per LWT</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScrapValueVesselsPerLwt" xlink:title="label: ScrapValueVesselsPerLwt to label_ScrapValueVesselsPerLwt" xlink:to="label_ScrapValueVesselsPerLwt_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_Second-handBunkerVesselMember" xlink:label="Second-handBunkerVesselMember" xlink:title="Second-handBunkerVesselMember" xlink:type="locator"/>
    <label id="label_Second-handBunkerVesselMember" xlink:label="label_Second-handBunkerVesselMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Second-handBunkerVesselMember" xlink:type="resource" xml:lang="en-US">Second-hand Bunker Vessel [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Second-handBunkerVesselMember" xlink:title="label: Second-handBunkerVesselMember to label_Second-handBunkerVesselMember" xlink:to="label_Second-handBunkerVesselMember" xlink:type="arc"/>
    <label id="label_Second-handBunkerVesselMember_2" xlink:label="label_Second-handBunkerVesselMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Second-handBunkerVesselMember" xlink:type="resource" xml:lang="en-US">Second-hand Bunker Vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Second-handBunkerVesselMember" xlink:title="label: Second-handBunkerVesselMember to label_Second-handBunkerVesselMember" xlink:to="label_Second-handBunkerVesselMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SecondYearCharterHireAgreementMember" xlink:label="SecondYearCharterHireAgreementMember" xlink:title="SecondYearCharterHireAgreementMember" xlink:type="locator"/>
    <label id="label_SecondYearCharterHireAgreementMember" xlink:label="label_SecondYearCharterHireAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SecondYearCharterHireAgreementMember" xlink:type="resource" xml:lang="en-US">Second Year Charter Hire Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecondYearCharterHireAgreementMember" xlink:title="label: SecondYearCharterHireAgreementMember to label_SecondYearCharterHireAgreementMember" xlink:to="label_SecondYearCharterHireAgreementMember" xlink:type="arc"/>
    <label id="label_SecondYearCharterHireAgreementMember_2" xlink:label="label_SecondYearCharterHireAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SecondYearCharterHireAgreementMember" xlink:type="resource" xml:lang="en-US">Second year charter hire agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecondYearCharterHireAgreementMember" xlink:title="label: SecondYearCharterHireAgreementMember to label_SecondYearCharterHireAgreementMember" xlink:to="label_SecondYearCharterHireAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SeniorLoan2Member" xlink:label="SeniorLoan2Member" xlink:title="SeniorLoan2Member" xlink:type="locator"/>
    <label id="label_SeniorLoan2Member" xlink:label="label_SeniorLoan2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeniorLoan2Member" xlink:type="resource" xml:lang="en-US">Senior Loan 2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorLoan2Member" xlink:title="label: SeniorLoan2Member to label_SeniorLoan2Member" xlink:to="label_SeniorLoan2Member" xlink:type="arc"/>
    <label id="label_SeniorLoan2Member_2" xlink:label="label_SeniorLoan2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeniorLoan2Member" xlink:type="resource" xml:lang="en-US">Senior Loan $131.550</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorLoan2Member" xlink:title="label: SeniorLoan2Member to label_SeniorLoan2Member" xlink:to="label_SeniorLoan2Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SeniorLoanIIMember" xlink:label="SeniorLoanIIMember" xlink:title="SeniorLoanIIMember" xlink:type="locator"/>
    <label id="label_SeniorLoanIIMember" xlink:label="label_SeniorLoanIIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeniorLoanIIMember" xlink:type="resource" xml:lang="en-US">Senior Loan II [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorLoanIIMember" xlink:title="label: SeniorLoanIIMember to label_SeniorLoanIIMember" xlink:to="label_SeniorLoanIIMember" xlink:type="arc"/>
    <label id="label_SeniorLoanIIMember_2" xlink:label="label_SeniorLoanIIMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeniorLoanIIMember" xlink:type="resource" xml:lang="en-US">Senior Loan $87,000</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorLoanIIMember" xlink:title="label: SeniorLoanIIMember to label_SeniorLoanIIMember" xlink:to="label_SeniorLoanIIMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SeniorLoanMember" xlink:label="SeniorLoanMember" xlink:title="SeniorLoanMember" xlink:type="locator"/>
    <label id="label_SeniorLoanMember" xlink:label="label_SeniorLoanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeniorLoanMember" xlink:type="resource" xml:lang="en-US">Senior Loan [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorLoanMember" xlink:title="label: SeniorLoanMember to label_SeniorLoanMember" xlink:to="label_SeniorLoanMember" xlink:type="arc"/>
    <label id="label_SeniorLoanMember_2" xlink:label="label_SeniorLoanMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeniorLoanMember" xlink:type="resource" xml:lang="en-US">Senior Loan $117,753</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorLoanMember" xlink:title="label: SeniorLoanMember to label_SeniorLoanMember" xlink:to="label_SeniorLoanMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SeniorLongTermNotesFairValueDisclosure" xlink:label="SeniorLongTermNotesFairValueDisclosure" xlink:title="SeniorLongTermNotesFairValueDisclosure" xlink:type="locator"/>
    <label id="label_SeniorLongTermNotesFairValueDisclosure" xlink:label="label_SeniorLongTermNotesFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SeniorLongTermNotesFairValueDisclosure" xlink:type="resource" xml:lang="en-US">The fair value of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion. Senior note holders are paid off in full before any payments are made to junior note holders.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorLongTermNotesFairValueDisclosure" xlink:title="label: SeniorLongTermNotesFairValueDisclosure to label_SeniorLongTermNotesFairValueDisclosure" xlink:to="label_SeniorLongTermNotesFairValueDisclosure" xlink:type="arc"/>
    <label id="label_SeniorLongTermNotesFairValueDisclosure_2" xlink:label="label_SeniorLongTermNotesFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeniorLongTermNotesFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Senior Long Term Notes Fair Value Disclosure</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorLongTermNotesFairValueDisclosure" xlink:title="label: SeniorLongTermNotesFairValueDisclosure to label_SeniorLongTermNotesFairValueDisclosure" xlink:to="label_SeniorLongTermNotesFairValueDisclosure_2" xlink:type="arc"/>
    <label id="label_SeniorLongTermNotesFairValueDisclosure_3" xlink:label="label_SeniorLongTermNotesFairValueDisclosure_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeniorLongTermNotesFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Senior and ship mortgage notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorLongTermNotesFairValueDisclosure" xlink:title="label: SeniorLongTermNotesFairValueDisclosure to label_SeniorLongTermNotesFairValueDisclosure" xlink:to="label_SeniorLongTermNotesFairValueDisclosure_3" xlink:type="arc"/>
    <label id="label_SeniorLongTermNotesFairValueDisclosure_4" xlink:label="label_SeniorLongTermNotesFairValueDisclosure_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_SeniorLongTermNotesFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Senior and ship mortgage notes, net - Fair Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorLongTermNotesFairValueDisclosure" xlink:title="label: SeniorLongTermNotesFairValueDisclosure to label_SeniorLongTermNotesFairValueDisclosure" xlink:to="label_SeniorLongTermNotesFairValueDisclosure_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SeniorNotes2022Member" xlink:label="SeniorNotes2022Member" xlink:title="SeniorNotes2022Member" xlink:type="locator"/>
    <label id="label_SeniorNotes2022Member" xlink:label="label_SeniorNotes2022Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeniorNotes2022Member" xlink:type="resource" xml:lang="en-US">Senior Notes 2022 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorNotes2022Member" xlink:title="label: SeniorNotes2022Member to label_SeniorNotes2022Member" xlink:to="label_SeniorNotes2022Member" xlink:type="arc"/>
    <label id="label_SeniorNotes2022Member_2" xlink:label="label_SeniorNotes2022Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeniorNotes2022Member" xlink:type="resource" xml:lang="en-US">2022 Logistics Senior Notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorNotes2022Member" xlink:title="label: SeniorNotes2022Member to label_SeniorNotes2022Member" xlink:to="label_SeniorNotes2022Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SeniorNotes2Member" xlink:label="SeniorNotes2Member" xlink:title="SeniorNotes2Member" xlink:type="locator"/>
    <label id="label_SeniorNotes2Member" xlink:label="label_SeniorNotes2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeniorNotes2Member" xlink:type="resource" xml:lang="en-US">Senior Notes2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorNotes2Member" xlink:title="label: SeniorNotes2Member to label_SeniorNotes2Member" xlink:to="label_SeniorNotes2Member" xlink:type="arc"/>
    <label id="label_SeniorNotes2Member_2" xlink:label="label_SeniorNotes2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeniorNotes2Member" xlink:type="resource" xml:lang="en-US">2019 Senior notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorNotes2Member" xlink:title="label: SeniorNotes2Member to label_SeniorNotes2Member" xlink:to="label_SeniorNotes2Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SerenityShippingMember" xlink:label="SerenityShippingMember" xlink:title="SerenityShippingMember" xlink:type="locator"/>
    <label id="label_SerenityShippingMember" xlink:label="label_SerenityShippingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SerenityShippingMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Serenity Shipping.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SerenityShippingMember" xlink:title="label: SerenityShippingMember to label_SerenityShippingMember" xlink:to="label_SerenityShippingMember" xlink:type="arc"/>
    <label id="label_SerenityShippingMember_2" xlink:label="label_SerenityShippingMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SerenityShippingMember" xlink:type="resource" xml:lang="en-US">Serenity Shipping [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SerenityShippingMember" xlink:title="label: SerenityShippingMember to label_SerenityShippingMember" xlink:to="label_SerenityShippingMember_2" xlink:type="arc"/>
    <label id="label_SerenityShippingMember_3" xlink:label="label_SerenityShippingMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SerenityShippingMember" xlink:type="resource" xml:lang="en-US">Serenity Shipping Enterprises Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SerenityShippingMember" xlink:title="label: SerenityShippingMember to label_SerenityShippingMember" xlink:to="label_SerenityShippingMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SeriesGAndSeriesHADSExchangeOfferMember" xlink:label="SeriesGAndSeriesHADSExchangeOfferMember" xlink:title="SeriesGAndSeriesHADSExchangeOfferMember" xlink:type="locator"/>
    <label id="label_SeriesGAndSeriesHADSExchangeOfferMember" xlink:label="label_SeriesGAndSeriesHADSExchangeOfferMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeriesGAndSeriesHADSExchangeOfferMember" xlink:type="resource" xml:lang="en-US">Series G And Series H ADS Exchange Offer [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeriesGAndSeriesHADSExchangeOfferMember" xlink:title="label: SeriesGAndSeriesHADSExchangeOfferMember to label_SeriesGAndSeriesHADSExchangeOfferMember" xlink:to="label_SeriesGAndSeriesHADSExchangeOfferMember" xlink:type="arc"/>
    <label id="label_SeriesGAndSeriesHADSExchangeOfferMember_2" xlink:label="label_SeriesGAndSeriesHADSExchangeOfferMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeriesGAndSeriesHADSExchangeOfferMember" xlink:type="resource" xml:lang="en-US">Series G and Series H ADS exchange offer</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeriesGAndSeriesHADSExchangeOfferMember" xlink:title="label: SeriesGAndSeriesHADSExchangeOfferMember to label_SeriesGAndSeriesHADSExchangeOfferMember" xlink:to="label_SeriesGAndSeriesHADSExchangeOfferMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SeriesGAndSeriesHExchangeOfferMember" xlink:label="SeriesGAndSeriesHExchangeOfferMember" xlink:title="SeriesGAndSeriesHExchangeOfferMember" xlink:type="locator"/>
    <label id="label_SeriesGAndSeriesHExchangeOfferMember" xlink:label="label_SeriesGAndSeriesHExchangeOfferMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeriesGAndSeriesHExchangeOfferMember" xlink:type="resource" xml:lang="en-US">Series G And Series H Exchange Offer [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeriesGAndSeriesHExchangeOfferMember" xlink:title="label: SeriesGAndSeriesHExchangeOfferMember to label_SeriesGAndSeriesHExchangeOfferMember" xlink:to="label_SeriesGAndSeriesHExchangeOfferMember" xlink:type="arc"/>
    <label id="label_SeriesGAndSeriesHExchangeOfferMember_2" xlink:label="label_SeriesGAndSeriesHExchangeOfferMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeriesGAndSeriesHExchangeOfferMember" xlink:type="resource" xml:lang="en-US">Series G and series H exchange offer</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeriesGAndSeriesHExchangeOfferMember" xlink:title="label: SeriesGAndSeriesHExchangeOfferMember to label_SeriesGAndSeriesHExchangeOfferMember" xlink:to="label_SeriesGAndSeriesHExchangeOfferMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SeriesGMember" xlink:label="SeriesGMember" xlink:title="SeriesGMember" xlink:type="locator"/>
    <label id="label_SeriesGMember" xlink:label="label_SeriesGMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeriesGMember" xlink:type="resource" xml:lang="en-US">Series G [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeriesGMember" xlink:title="label: SeriesGMember to label_SeriesGMember" xlink:to="label_SeriesGMember" xlink:type="arc"/>
    <label id="label_SeriesGMember_2" xlink:label="label_SeriesGMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeriesGMember" xlink:type="resource" xml:lang="en-US">Series G</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeriesGMember" xlink:title="label: SeriesGMember to label_SeriesGMember" xlink:to="label_SeriesGMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SeriesHMember" xlink:label="SeriesHMember" xlink:title="SeriesHMember" xlink:type="locator"/>
    <label id="label_SeriesHMember" xlink:label="label_SeriesHMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeriesHMember" xlink:type="resource" xml:lang="en-US">Series H [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeriesHMember" xlink:title="label: SeriesHMember to label_SeriesHMember" xlink:to="label_SeriesHMember" xlink:type="arc"/>
    <label id="label_SeriesHMember_2" xlink:label="label_SeriesHMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeriesHMember" xlink:type="resource" xml:lang="en-US">Series H</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeriesHMember" xlink:title="label: SeriesHMember to label_SeriesHMember" xlink:to="label_SeriesHMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ServiceConditionsMember" xlink:label="ServiceConditionsMember" xlink:title="ServiceConditionsMember" xlink:type="locator"/>
    <label id="label_ServiceConditionsMember" xlink:label="label_ServiceConditionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ServiceConditionsMember" xlink:type="resource" xml:lang="en-US">Service Conditions [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ServiceConditionsMember" xlink:title="label: ServiceConditionsMember to label_ServiceConditionsMember" xlink:to="label_ServiceConditionsMember" xlink:type="arc"/>
    <label id="label_ServiceConditionsMember_2" xlink:label="label_ServiceConditionsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ServiceConditionsMember" xlink:type="resource" xml:lang="en-US">Service Conditions</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ServiceConditionsMember" xlink:title="label: ServiceConditionsMember to label_ServiceConditionsMember" xlink:to="label_ServiceConditionsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue" xlink:label="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue" xlink:type="locator"/>
    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue" xlink:type="resource" xml:lang="en-US">The total fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue_2" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period Total Fair Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue_2" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue_3" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue" xlink:type="resource" xml:lang="en-US">Forfeited or expired, value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue" xlink:label="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue" xlink:type="locator"/>
    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue" xlink:type="resource" xml:lang="en-US">The total fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue_2" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Granted In Period Total Fair Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue_2" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue_3" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue" xlink:type="resource" xml:lang="en-US">Granted, value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue" xlink:label="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue" xlink:type="locator"/>
    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue" xlink:type="resource" xml:lang="en-US">The total fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units, as of the balance sheet date.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue_2" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Non Vested In Period Total Fair Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue_2" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue_3" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue" xlink:type="resource" xml:lang="en-US">Non vested, value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue" xlink:label="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue" xlink:type="locator"/>
    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue" xlink:type="resource" xml:lang="en-US">The aggregate fair value of the shares forfeited or expired during the period.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue_2" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award OptionsForfeited Or Expired In Period Total Intrinsic Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue_2" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue_3" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue" xlink:type="resource" xml:lang="en-US">Forfeited or expired, value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue" xlink:label="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue" xlink:type="locator"/>
    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue" xlink:type="resource" xml:lang="en-US">Amount of accumulated difference between fair value of underlying shares on dates of granted and exercise price on options exercised into shares.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue_2" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Period Total Intrinsic Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue_2" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue_3" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue" xlink:type="resource" xml:lang="en-US">Granted, value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:label="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:title="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:type="locator"/>
    <label id="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:label="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:type="resource" xml:lang="en-US">As of the balance sheet date, the number of shares forfeited or expired under the option plan.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:title="label: ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations to label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:to="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations_2" xlink:label="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures Or Expirations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:title="label: ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations to label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:to="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations_2" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations_3" xlink:label="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:type="resource" xml:lang="en-US">Forfeited or expired, shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:title="label: ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations to label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:to="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations_3" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations_4" xlink:label="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:type="resource" xml:lang="en-US">Expired</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:title="label: ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations to label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:to="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SharePurchaseAgreementNaviosPartnersMember" xlink:label="SharePurchaseAgreementNaviosPartnersMember" xlink:title="SharePurchaseAgreementNaviosPartnersMember" xlink:type="locator"/>
    <label id="label_SharePurchaseAgreementNaviosPartnersMember" xlink:label="label_SharePurchaseAgreementNaviosPartnersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharePurchaseAgreementNaviosPartnersMember" xlink:type="resource" xml:lang="en-US">Share Purchase Agreement Navios Partners [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharePurchaseAgreementNaviosPartnersMember" xlink:title="label: SharePurchaseAgreementNaviosPartnersMember to label_SharePurchaseAgreementNaviosPartnersMember" xlink:to="label_SharePurchaseAgreementNaviosPartnersMember" xlink:type="arc"/>
    <label id="label_SharePurchaseAgreementNaviosPartnersMember_2" xlink:label="label_SharePurchaseAgreementNaviosPartnersMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharePurchaseAgreementNaviosPartnersMember" xlink:type="resource" xml:lang="en-US">Share purchase agreement with Navios Partners</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharePurchaseAgreementNaviosPartnersMember" xlink:title="label: SharePurchaseAgreementNaviosPartnersMember to label_SharePurchaseAgreementNaviosPartnersMember" xlink:to="label_SharePurchaseAgreementNaviosPartnersMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ShareRepurchaseProgramMember" xlink:label="ShareRepurchaseProgramMember" xlink:title="ShareRepurchaseProgramMember" xlink:type="locator"/>
    <label id="label_ShareRepurchaseProgramMember" xlink:label="label_ShareRepurchaseProgramMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareRepurchaseProgramMember" xlink:type="resource" xml:lang="en-US">Share Repurchase Program [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareRepurchaseProgramMember" xlink:title="label: ShareRepurchaseProgramMember to label_ShareRepurchaseProgramMember" xlink:to="label_ShareRepurchaseProgramMember" xlink:type="arc"/>
    <label id="label_ShareRepurchaseProgramMember_2" xlink:label="label_ShareRepurchaseProgramMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareRepurchaseProgramMember" xlink:type="resource" xml:lang="en-US">Share Repurchase Program</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareRepurchaseProgramMember" xlink:title="label: ShareRepurchaseProgramMember to label_ShareRepurchaseProgramMember" xlink:to="label_ShareRepurchaseProgramMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SharesExchangedAggregateBookValue" xlink:label="SharesExchangedAggregateBookValue" xlink:title="SharesExchangedAggregateBookValue" xlink:type="locator"/>
    <label id="label_SharesExchangedAggregateBookValue_2" xlink:label="label_SharesExchangedAggregateBookValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SharesExchangedAggregateBookValue" xlink:type="resource" xml:lang="en-US">The aggregate value of shares that were exchanged in a tender offer.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesExchangedAggregateBookValue" xlink:title="label: SharesExchangedAggregateBookValue to label_SharesExchangedAggregateBookValue" xlink:to="label_SharesExchangedAggregateBookValue" xlink:type="arc"/>
    <label id="label_SharesExchangedAggregateBookValue" xlink:label="label_SharesExchangedAggregateBookValue_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharesExchangedAggregateBookValue" xlink:type="resource" xml:lang="en-US">Shares exchanged aggregate book value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesExchangedAggregateBookValue" xlink:title="label: SharesExchangedAggregateBookValue to label_SharesExchangedAggregateBookValue" xlink:to="label_SharesExchangedAggregateBookValue_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SharesExchangedAggregateNominalValue" xlink:label="SharesExchangedAggregateNominalValue" xlink:title="SharesExchangedAggregateNominalValue" xlink:type="locator"/>
    <label id="label_SharesExchangedAggregateNominalValue" xlink:label="label_SharesExchangedAggregateNominalValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SharesExchangedAggregateNominalValue" xlink:type="resource" xml:lang="en-US">The aggregate nominal value of shares that were exchanged in a tender offer.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesExchangedAggregateNominalValue" xlink:title="label: SharesExchangedAggregateNominalValue to label_SharesExchangedAggregateNominalValue" xlink:to="label_SharesExchangedAggregateNominalValue" xlink:type="arc"/>
    <label id="label_SharesExchangedAggregateNominalValue_2" xlink:label="label_SharesExchangedAggregateNominalValue_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharesExchangedAggregateNominalValue" xlink:type="resource" xml:lang="en-US">Shares Exchanged Aggregate Nominal Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesExchangedAggregateNominalValue" xlink:title="label: SharesExchangedAggregateNominalValue to label_SharesExchangedAggregateNominalValue" xlink:to="label_SharesExchangedAggregateNominalValue_2" xlink:type="arc"/>
    <label id="label_SharesExchangedAggregateNominalValue_3" xlink:label="label_SharesExchangedAggregateNominalValue_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharesExchangedAggregateNominalValue" xlink:type="resource" xml:lang="en-US">Shares exchanged aggregate nominal value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesExchangedAggregateNominalValue" xlink:title="label: SharesExchangedAggregateNominalValue to label_SharesExchangedAggregateNominalValue" xlink:to="label_SharesExchangedAggregateNominalValue_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ShikharVenturesSaMember" xlink:label="ShikharVenturesSaMember" xlink:title="ShikharVenturesSaMember" xlink:type="locator"/>
    <label id="label_ShikharVenturesSaMember" xlink:label="label_ShikharVenturesSaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ShikharVenturesSaMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Portorosa Shipping Corporation.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShikharVenturesSaMember" xlink:title="label: ShikharVenturesSaMember to label_ShikharVenturesSaMember" xlink:to="label_ShikharVenturesSaMember" xlink:type="arc"/>
    <label id="label_ShikharVenturesSaMember_2" xlink:label="label_ShikharVenturesSaMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShikharVenturesSaMember" xlink:type="resource" xml:lang="en-US">Shikhar Ventures Sa [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShikharVenturesSaMember" xlink:title="label: ShikharVenturesSaMember to label_ShikharVenturesSaMember" xlink:to="label_ShikharVenturesSaMember_2" xlink:type="arc"/>
    <label id="label_ShikharVenturesSaMember_3" xlink:label="label_ShikharVenturesSaMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShikharVenturesSaMember" xlink:type="resource" xml:lang="en-US">Shikhar Ventures S.A.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShikharVenturesSaMember" xlink:title="label: ShikharVenturesSaMember to label_ShikharVenturesSaMember" xlink:to="label_ShikharVenturesSaMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ShipMortgageSeniorNotesMember" xlink:label="ShipMortgageSeniorNotesMember" xlink:title="ShipMortgageSeniorNotesMember" xlink:type="locator"/>
    <label id="label_ShipMortgageSeniorNotesMember" xlink:label="label_ShipMortgageSeniorNotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShipMortgageSeniorNotesMember" xlink:type="resource" xml:lang="en-US">Ship Mortgage Senior notes [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShipMortgageSeniorNotesMember" xlink:title="label: ShipMortgageSeniorNotesMember to label_ShipMortgageSeniorNotesMember" xlink:to="label_ShipMortgageSeniorNotesMember" xlink:type="arc"/>
    <label id="label_ShipMortgageSeniorNotesMember_2" xlink:label="label_ShipMortgageSeniorNotesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShipMortgageSeniorNotesMember" xlink:type="resource" xml:lang="en-US">2022 Notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShipMortgageSeniorNotesMember" xlink:title="label: ShipMortgageSeniorNotesMember to label_ShipMortgageSeniorNotesMember" xlink:to="label_ShipMortgageSeniorNotesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ShipbuilderMember" xlink:label="ShipbuilderMember" xlink:title="ShipbuilderMember" xlink:type="locator"/>
    <label id="label_ShipbuilderMember" xlink:label="label_ShipbuilderMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShipbuilderMember" xlink:type="resource" xml:lang="en-US">Shipbuilder [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShipbuilderMember" xlink:title="label: ShipbuilderMember to label_ShipbuilderMember" xlink:to="label_ShipbuilderMember" xlink:type="arc"/>
    <label id="label_ShipbuilderMember_2" xlink:label="label_ShipbuilderMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShipbuilderMember" xlink:type="resource" xml:lang="en-US">Shipbuilder</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShipbuilderMember" xlink:title="label: ShipbuilderMember to label_ShipbuilderMember" xlink:to="label_ShipbuilderMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ShippingReportingUnitMember" xlink:label="ShippingReportingUnitMember" xlink:title="ShippingReportingUnitMember" xlink:type="locator"/>
    <label id="label_ShippingReportingUnitMember" xlink:label="label_ShippingReportingUnitMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShippingReportingUnitMember" xlink:type="resource" xml:lang="en-US">Shipping Reporting Unit [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShippingReportingUnitMember" xlink:title="label: ShippingReportingUnitMember to label_ShippingReportingUnitMember" xlink:to="label_ShippingReportingUnitMember" xlink:type="arc"/>
    <label id="label_ShippingReportingUnitMember_2" xlink:label="label_ShippingReportingUnitMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShippingReportingUnitMember" xlink:type="resource" xml:lang="en-US">Shipping Reporting Unit</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShippingReportingUnitMember" xlink:title="label: ShippingReportingUnitMember to label_ShippingReportingUnitMember" xlink:to="label_ShippingReportingUnitMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SizzlingVenturesIncMember" xlink:label="SizzlingVenturesIncMember" xlink:title="SizzlingVenturesIncMember" xlink:type="locator"/>
    <label id="label_SizzlingVenturesIncMember" xlink:label="label_SizzlingVenturesIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SizzlingVenturesIncMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Sizzling Ventures Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SizzlingVenturesIncMember" xlink:title="label: SizzlingVenturesIncMember to label_SizzlingVenturesIncMember" xlink:to="label_SizzlingVenturesIncMember" xlink:type="arc"/>
    <label id="label_SizzlingVenturesIncMember_2" xlink:label="label_SizzlingVenturesIncMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SizzlingVenturesIncMember" xlink:type="resource" xml:lang="en-US">Sizzling Ventures Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SizzlingVenturesIncMember" xlink:title="label: SizzlingVenturesIncMember to label_SizzlingVenturesIncMember" xlink:to="label_SizzlingVenturesIncMember_2" xlink:type="arc"/>
    <label id="label_SizzlingVenturesIncMember_3" xlink:label="label_SizzlingVenturesIncMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SizzlingVenturesIncMember" xlink:type="resource" xml:lang="en-US">Sizzling Ventures Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SizzlingVenturesIncMember" xlink:title="label: SizzlingVenturesIncMember to label_SizzlingVenturesIncMember" xlink:to="label_SizzlingVenturesIncMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SmaltiteShippingCorporationMember" xlink:label="SmaltiteShippingCorporationMember" xlink:title="SmaltiteShippingCorporationMember" xlink:type="locator"/>
    <label id="label_SmaltiteShippingCorporationMember" xlink:label="label_SmaltiteShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SmaltiteShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Smaltite Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SmaltiteShippingCorporationMember" xlink:title="label: SmaltiteShippingCorporationMember to label_SmaltiteShippingCorporationMember" xlink:to="label_SmaltiteShippingCorporationMember" xlink:type="arc"/>
    <label id="label_SmaltiteShippingCorporationMember_2" xlink:label="label_SmaltiteShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SmaltiteShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Smaltite Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SmaltiteShippingCorporationMember" xlink:title="label: SmaltiteShippingCorporationMember to label_SmaltiteShippingCorporationMember" xlink:to="label_SmaltiteShippingCorporationMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SolangeShippingLtdMember" xlink:label="SolangeShippingLtdMember" xlink:title="SolangeShippingLtdMember" xlink:type="locator"/>
    <label id="label_SolangeShippingLtdMember" xlink:label="label_SolangeShippingLtdMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SolangeShippingLtdMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Solange Shipping Ltd.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SolangeShippingLtdMember" xlink:title="label: SolangeShippingLtdMember to label_SolangeShippingLtdMember" xlink:to="label_SolangeShippingLtdMember" xlink:type="arc"/>
    <label id="label_SolangeShippingLtdMember_2" xlink:label="label_SolangeShippingLtdMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SolangeShippingLtdMember" xlink:type="resource" xml:lang="en-US">Solange Shipping Ltd [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SolangeShippingLtdMember" xlink:title="label: SolangeShippingLtdMember to label_SolangeShippingLtdMember" xlink:to="label_SolangeShippingLtdMember_2" xlink:type="arc"/>
    <label id="label_SolangeShippingLtdMember_3" xlink:label="label_SolangeShippingLtdMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SolangeShippingLtdMember" xlink:type="resource" xml:lang="en-US">Solange Shipping Ltd.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SolangeShippingLtdMember" xlink:title="label: SolangeShippingLtdMember to label_SolangeShippingLtdMember" xlink:to="label_SolangeShippingLtdMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_StarMaritimeEnterprisesCorporationMember" xlink:label="StarMaritimeEnterprisesCorporationMember" xlink:title="StarMaritimeEnterprisesCorporationMember" xlink:type="locator"/>
    <label id="label_StarMaritimeEnterprisesCorporationMember" xlink:label="label_StarMaritimeEnterprisesCorporationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_StarMaritimeEnterprisesCorporationMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Star Maritime Enterprises Corporation.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StarMaritimeEnterprisesCorporationMember" xlink:title="label: StarMaritimeEnterprisesCorporationMember to label_StarMaritimeEnterprisesCorporationMember" xlink:to="label_StarMaritimeEnterprisesCorporationMember" xlink:type="arc"/>
    <label id="label_StarMaritimeEnterprisesCorporationMember_2" xlink:label="label_StarMaritimeEnterprisesCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StarMaritimeEnterprisesCorporationMember" xlink:type="resource" xml:lang="en-US">Star Maritime Enterprises Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StarMaritimeEnterprisesCorporationMember" xlink:title="label: StarMaritimeEnterprisesCorporationMember to label_StarMaritimeEnterprisesCorporationMember" xlink:to="label_StarMaritimeEnterprisesCorporationMember_2" xlink:type="arc"/>
    <label id="label_StarMaritimeEnterprisesCorporationMember_3" xlink:label="label_StarMaritimeEnterprisesCorporationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StarMaritimeEnterprisesCorporationMember" xlink:type="resource" xml:lang="en-US">Star Maritime Enterprises Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StarMaritimeEnterprisesCorporationMember" xlink:title="label: StarMaritimeEnterprisesCorporationMember to label_StarMaritimeEnterprisesCorporationMember" xlink:to="label_StarMaritimeEnterprisesCorporationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_StatementOfOperationsAbstract" xlink:label="StatementOfOperationsAbstract" xlink:title="StatementOfOperationsAbstract" xlink:type="locator"/>
    <label id="label_StatementOfOperationsAbstract" xlink:label="label_StatementOfOperationsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfOperationsAbstract" xlink:type="resource" xml:lang="en-US">Statement of operations [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfOperationsAbstract" xlink:title="label: StatementOfOperationsAbstract to label_StatementOfOperationsAbstract" xlink:to="label_StatementOfOperationsAbstract" xlink:type="arc"/>
    <label id="label_StatementOfOperationsAbstract_2" xlink:label="label_StatementOfOperationsAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StatementOfOperationsAbstract" xlink:type="resource" xml:lang="en-US">Statement of Operations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfOperationsAbstract" xlink:title="label: StatementOfOperationsAbstract to label_StatementOfOperationsAbstract" xlink:to="label_StatementOfOperationsAbstract_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_StatementOfOperationsCurrentYear" xlink:label="StatementOfOperationsCurrentYear" xlink:title="StatementOfOperationsCurrentYear" xlink:type="locator"/>
    <label id="label_StatementOfOperationsCurrentYear" xlink:label="label_StatementOfOperationsCurrentYear" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_StatementOfOperationsCurrentYear" xlink:type="resource" xml:lang="en-US">It refers to the accounting period of reporting Statement of Operations (current year).</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfOperationsCurrentYear" xlink:title="label: StatementOfOperationsCurrentYear to label_StatementOfOperationsCurrentYear" xlink:to="label_StatementOfOperationsCurrentYear" xlink:type="arc"/>
    <label id="label_StatementOfOperationsCurrentYear_2" xlink:label="label_StatementOfOperationsCurrentYear_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfOperationsCurrentYear" xlink:type="resource" xml:lang="en-US">Statement Of Operations Current Year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfOperationsCurrentYear" xlink:title="label: StatementOfOperationsCurrentYear to label_StatementOfOperationsCurrentYear" xlink:to="label_StatementOfOperationsCurrentYear_2" xlink:type="arc"/>
    <label id="label_StatementOfOperationsCurrentYear_3" xlink:label="label_StatementOfOperationsCurrentYear_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StatementOfOperationsCurrentYear" xlink:type="resource" xml:lang="en-US">2020</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfOperationsCurrentYear" xlink:title="label: StatementOfOperationsCurrentYear to label_StatementOfOperationsCurrentYear" xlink:to="label_StatementOfOperationsCurrentYear_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_StatementOfOperationsPreviousYear" xlink:label="StatementOfOperationsPreviousYear" xlink:title="StatementOfOperationsPreviousYear" xlink:type="locator"/>
    <label id="label_StatementOfOperationsPreviousYear" xlink:label="label_StatementOfOperationsPreviousYear" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_StatementOfOperationsPreviousYear" xlink:type="resource" xml:lang="en-US">It refers to the accounting period of reporting Statement of Operations (prior year).</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfOperationsPreviousYear" xlink:title="label: StatementOfOperationsPreviousYear to label_StatementOfOperationsPreviousYear" xlink:to="label_StatementOfOperationsPreviousYear" xlink:type="arc"/>
    <label id="label_StatementOfOperationsPreviousYear_2" xlink:label="label_StatementOfOperationsPreviousYear_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfOperationsPreviousYear" xlink:type="resource" xml:lang="en-US">Statement Of Operations Previous Year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfOperationsPreviousYear" xlink:title="label: StatementOfOperationsPreviousYear to label_StatementOfOperationsPreviousYear" xlink:to="label_StatementOfOperationsPreviousYear_2" xlink:type="arc"/>
    <label id="label_StatementOfOperationsPreviousYear_3" xlink:label="label_StatementOfOperationsPreviousYear_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StatementOfOperationsPreviousYear" xlink:type="resource" xml:lang="en-US">2019</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfOperationsPreviousYear" xlink:title="label: StatementOfOperationsPreviousYear to label_StatementOfOperationsPreviousYear" xlink:to="label_StatementOfOperationsPreviousYear_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_StatementOfOperationsYearMinus2" xlink:label="StatementOfOperationsYearMinus2" xlink:title="StatementOfOperationsYearMinus2" xlink:type="locator"/>
    <label id="label_StatementOfOperationsYearMinus2" xlink:label="label_StatementOfOperationsYearMinus2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_StatementOfOperationsYearMinus2" xlink:type="resource" xml:lang="en-US">It refers to the accounting period of reporting Statement of Operations (two years prior to current year).</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfOperationsYearMinus2" xlink:title="label: StatementOfOperationsYearMinus2 to label_StatementOfOperationsYearMinus2" xlink:to="label_StatementOfOperationsYearMinus2" xlink:type="arc"/>
    <label id="label_StatementOfOperationsYearMinus2_2" xlink:label="label_StatementOfOperationsYearMinus2_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfOperationsYearMinus2" xlink:type="resource" xml:lang="en-US">Statement of operations, year minus 2</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfOperationsYearMinus2" xlink:title="label: StatementOfOperationsYearMinus2 to label_StatementOfOperationsYearMinus2" xlink:to="label_StatementOfOperationsYearMinus2_2" xlink:type="arc"/>
    <label id="label_StatementOfOperationsYearMinus2_3" xlink:label="label_StatementOfOperationsYearMinus2_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StatementOfOperationsYearMinus2" xlink:type="resource" xml:lang="en-US">2018</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfOperationsYearMinus2" xlink:title="label: StatementOfOperationsYearMinus2 to label_StatementOfOperationsYearMinus2" xlink:to="label_StatementOfOperationsYearMinus2_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_StockForStockExchangeRatio" xlink:label="StockForStockExchangeRatio" xlink:title="StockForStockExchangeRatio" xlink:type="locator"/>
    <label id="label_StockForStockExchangeRatio_2" xlink:label="label_StockForStockExchangeRatio" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_StockForStockExchangeRatio" xlink:type="resource" xml:lang="en-US">The number of shares exchanged for the acquisition of another.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockForStockExchangeRatio" xlink:title="label: StockForStockExchangeRatio to label_StockForStockExchangeRatio" xlink:to="label_StockForStockExchangeRatio" xlink:type="arc"/>
    <label id="label_StockForStockExchangeRatio" xlink:label="label_StockForStockExchangeRatio_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockForStockExchangeRatio" xlink:type="resource" xml:lang="en-US">Stock for stock exchange ratio</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockForStockExchangeRatio" xlink:title="label: StockForStockExchangeRatio to label_StockForStockExchangeRatio" xlink:to="label_StockForStockExchangeRatio_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_StockIssued1Member" xlink:label="StockIssued1Member" xlink:title="StockIssued1Member" xlink:type="locator"/>
    <label id="label_StockIssued1Member" xlink:label="label_StockIssued1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssued1Member" xlink:type="resource" xml:lang="en-US">Stock Issued1 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssued1Member" xlink:title="label: StockIssued1Member to label_StockIssued1Member" xlink:to="label_StockIssued1Member" xlink:type="arc"/>
    <label id="label_StockIssued1Member_2" xlink:label="label_StockIssued1Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssued1Member" xlink:type="resource" xml:lang="en-US">First stock issuance</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssued1Member" xlink:title="label: StockIssued1Member to label_StockIssued1Member" xlink:to="label_StockIssued1Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_StockIssued2Member" xlink:label="StockIssued2Member" xlink:title="StockIssued2Member" xlink:type="locator"/>
    <label id="label_StockIssued2Member" xlink:label="label_StockIssued2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssued2Member" xlink:type="resource" xml:lang="en-US">Stock Issued2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssued2Member" xlink:title="label: StockIssued2Member to label_StockIssued2Member" xlink:to="label_StockIssued2Member" xlink:type="arc"/>
    <label id="label_StockIssued2Member_2" xlink:label="label_StockIssued2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssued2Member" xlink:type="resource" xml:lang="en-US">Second stock issuance</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssued2Member" xlink:title="label: StockIssued2Member to label_StockIssued2Member" xlink:to="label_StockIssued2Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_StockIssued3Member" xlink:label="StockIssued3Member" xlink:title="StockIssued3Member" xlink:type="locator"/>
    <label id="label_StockIssued3Member" xlink:label="label_StockIssued3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssued3Member" xlink:type="resource" xml:lang="en-US">Stock Issued3 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssued3Member" xlink:title="label: StockIssued3Member to label_StockIssued3Member" xlink:to="label_StockIssued3Member" xlink:type="arc"/>
    <label id="label_StockIssued3Member_2" xlink:label="label_StockIssued3Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssued3Member" xlink:type="resource" xml:lang="en-US">Third stock issuance</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssued3Member" xlink:title="label: StockIssued3Member to label_StockIssued3Member" xlink:to="label_StockIssued3Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_StockIssued4Member" xlink:label="StockIssued4Member" xlink:title="StockIssued4Member" xlink:type="locator"/>
    <label id="label_StockIssued4Member" xlink:label="label_StockIssued4Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssued4Member" xlink:type="resource" xml:lang="en-US">Stock Issued4 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssued4Member" xlink:title="label: StockIssued4Member to label_StockIssued4Member" xlink:to="label_StockIssued4Member" xlink:type="arc"/>
    <label id="label_StockIssued4Member_2" xlink:label="label_StockIssued4Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssued4Member" xlink:type="resource" xml:lang="en-US">Fourth stock issuance</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssued4Member" xlink:title="label: StockIssued4Member to label_StockIssued4Member" xlink:to="label_StockIssued4Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:label="StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:title="StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:type="locator"/>
    <label id="label_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:label="label_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:type="resource" xml:lang="en-US">Number of shares (or other type of equity) granted during the period.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:title="label: StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross to label_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:to="label_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross_2" xlink:label="label_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:type="resource" xml:lang="en-US">Stock Issued During Period Units Share Based Payment Award Options Grants In Period Gross</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:title="label: StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross to label_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:to="label_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross_2" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross_3" xlink:label="label_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:type="resource" xml:lang="en-US">Restricted stock units granted</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:title="label: StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross to label_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:to="label_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_StockforStockExchangeOfferMember" xlink:label="StockforStockExchangeOfferMember" xlink:title="StockforStockExchangeOfferMember" xlink:type="locator"/>
    <label id="label_StockforStockExchangeOfferMember" xlink:label="label_StockforStockExchangeOfferMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockforStockExchangeOfferMember" xlink:type="resource" xml:lang="en-US">Stock For Stock Exchange Offer [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockforStockExchangeOfferMember" xlink:title="label: StockforStockExchangeOfferMember to label_StockforStockExchangeOfferMember" xlink:to="label_StockforStockExchangeOfferMember" xlink:type="arc"/>
    <label id="label_StockforStockExchangeOfferMember_2" xlink:label="label_StockforStockExchangeOfferMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockforStockExchangeOfferMember" xlink:type="resource" xml:lang="en-US">Stock for stock exchange</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockforStockExchangeOfferMember" xlink:title="label: StockforStockExchangeOfferMember to label_StockforStockExchangeOfferMember" xlink:to="label_StockforStockExchangeOfferMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SubordinatedUnitsMember" xlink:label="SubordinatedUnitsMember" xlink:title="SubordinatedUnitsMember" xlink:type="locator"/>
    <label id="label_SubordinatedUnitsMember" xlink:label="label_SubordinatedUnitsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubordinatedUnitsMember" xlink:type="resource" xml:lang="en-US">Subordinated Units [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubordinatedUnitsMember" xlink:title="label: SubordinatedUnitsMember to label_SubordinatedUnitsMember" xlink:to="label_SubordinatedUnitsMember" xlink:type="arc"/>
    <label id="label_SubordinatedUnitsMember_2" xlink:label="label_SubordinatedUnitsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SubordinatedUnitsMember" xlink:type="resource" xml:lang="en-US">Outstanding subordinated units</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubordinatedUnitsMember" xlink:title="label: SubordinatedUnitsMember to label_SubordinatedUnitsMember" xlink:to="label_SubordinatedUnitsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SubordinatedUnitsSeriesAMember" xlink:label="SubordinatedUnitsSeriesAMember" xlink:title="SubordinatedUnitsSeriesAMember" xlink:type="locator"/>
    <label id="label_SubordinatedUnitsSeriesAMember" xlink:label="label_SubordinatedUnitsSeriesAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubordinatedUnitsSeriesAMember" xlink:type="resource" xml:lang="en-US">Subordinated Units SeriesA [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubordinatedUnitsSeriesAMember" xlink:title="label: SubordinatedUnitsSeriesAMember to label_SubordinatedUnitsSeriesAMember" xlink:to="label_SubordinatedUnitsSeriesAMember" xlink:type="arc"/>
    <label id="label_SubordinatedUnitsSeriesAMember_2" xlink:label="label_SubordinatedUnitsSeriesAMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SubordinatedUnitsSeriesAMember" xlink:type="resource" xml:lang="en-US">Outstanding subordinated series A</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubordinatedUnitsSeriesAMember" xlink:title="label: SubordinatedUnitsSeriesAMember to label_SubordinatedUnitsSeriesAMember" xlink:to="label_SubordinatedUnitsSeriesAMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SubsidiaryOwnershipPercentage" xlink:label="SubsidiaryOwnershipPercentage" xlink:title="SubsidiaryOwnershipPercentage" xlink:type="locator"/>
    <label id="label_SubsidiaryOwnershipPercentage" xlink:label="label_SubsidiaryOwnershipPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SubsidiaryOwnershipPercentage" xlink:type="resource" xml:lang="en-US">The ownership percentage in a subsidiary.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiaryOwnershipPercentage" xlink:title="label: SubsidiaryOwnershipPercentage to label_SubsidiaryOwnershipPercentage" xlink:to="label_SubsidiaryOwnershipPercentage" xlink:type="arc"/>
    <label id="label_SubsidiaryOwnershipPercentage_2" xlink:label="label_SubsidiaryOwnershipPercentage_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsidiaryOwnershipPercentage" xlink:type="resource" xml:lang="en-US">Subsidiary Ownership Percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiaryOwnershipPercentage" xlink:title="label: SubsidiaryOwnershipPercentage to label_SubsidiaryOwnershipPercentage" xlink:to="label_SubsidiaryOwnershipPercentage_2" xlink:type="arc"/>
    <label id="label_SubsidiaryOwnershipPercentage_3" xlink:label="label_SubsidiaryOwnershipPercentage_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SubsidiaryOwnershipPercentage" xlink:type="resource" xml:lang="en-US">Ownership percentage of Navios Holdings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiaryOwnershipPercentage" xlink:title="label: SubsidiaryOwnershipPercentage to label_SubsidiaryOwnershipPercentage" xlink:to="label_SubsidiaryOwnershipPercentage_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock" xlink:label="SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock" xlink:title="SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock" xlink:type="locator"/>
    <label id="label_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock" xlink:label="label_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock" xlink:type="resource" xml:lang="en-US">Tabular disclosure of summarized financial information of the balance of affiliate companies.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock" xlink:title="label: SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock to label_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock" xlink:to="label_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock" xlink:type="arc"/>
    <label id="label_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock_2" xlink:label="label_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock" xlink:type="resource" xml:lang="en-US">Summary Of Financial Information Of Balance Sheet Of Affiliated Companies [Table Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock" xlink:title="label: SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock to label_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock" xlink:to="label_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock_2" xlink:type="arc"/>
    <label id="label_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock_3" xlink:label="label_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock" xlink:type="resource" xml:lang="en-US">Financial information of affiliate companies, balance sheet</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock" xlink:title="label: SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock to label_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock" xlink:to="label_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock" xlink:label="SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock" xlink:title="SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock" xlink:type="locator"/>
    <label id="label_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock" xlink:label="label_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock" xlink:type="resource" xml:lang="en-US">Tabular disclosure of summarized financial information of the income statement of affiliate companies.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock" xlink:title="label: SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock to label_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock" xlink:to="label_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock" xlink:type="arc"/>
    <label id="label_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock_2" xlink:label="label_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock" xlink:type="resource" xml:lang="en-US">Summary Of Financial Information Of Income Statement Of Affiliated Companies [Table Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock" xlink:title="label: SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock to label_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock" xlink:to="label_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock_2" xlink:type="arc"/>
    <label id="label_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock_3" xlink:label="label_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock" xlink:type="resource" xml:lang="en-US">Financial information of affiliate companies, income statement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock" xlink:title="label: SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock to label_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock" xlink:to="label_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SynergyMarineMember" xlink:label="SynergyMarineMember" xlink:title="SynergyMarineMember" xlink:type="locator"/>
    <label id="label_SynergyMarineMember" xlink:label="label_SynergyMarineMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SynergyMarineMember" xlink:type="resource" xml:lang="en-US">Synergy Marine [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SynergyMarineMember" xlink:title="label: SynergyMarineMember to label_SynergyMarineMember" xlink:to="label_SynergyMarineMember" xlink:type="arc"/>
    <label id="label_SynergyMarineMember_2" xlink:label="label_SynergyMarineMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SynergyMarineMember" xlink:type="resource" xml:lang="en-US">Synergy Marine Pte Ltd. ownership percentage in Navios Asia</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SynergyMarineMember" xlink:title="label: SynergyMarineMember to label_SynergyMarineMember" xlink:to="label_SynergyMarineMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TaharqaSpiritCorpMember" xlink:label="TaharqaSpiritCorpMember" xlink:title="TaharqaSpiritCorpMember" xlink:type="locator"/>
    <label id="label_TaharqaSpiritCorpMember" xlink:label="label_TaharqaSpiritCorpMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaharqaSpiritCorpMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Rheia Associates Co.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaharqaSpiritCorpMember" xlink:title="label: TaharqaSpiritCorpMember to label_TaharqaSpiritCorpMember" xlink:to="label_TaharqaSpiritCorpMember" xlink:type="arc"/>
    <label id="label_TaharqaSpiritCorpMember_2" xlink:label="label_TaharqaSpiritCorpMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaharqaSpiritCorpMember" xlink:type="resource" xml:lang="en-US">Taharqa Spirit Corp [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaharqaSpiritCorpMember" xlink:title="label: TaharqaSpiritCorpMember to label_TaharqaSpiritCorpMember" xlink:to="label_TaharqaSpiritCorpMember_2" xlink:type="arc"/>
    <label id="label_TaharqaSpiritCorpMember_3" xlink:label="label_TaharqaSpiritCorpMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TaharqaSpiritCorpMember" xlink:type="resource" xml:lang="en-US">Taharqa Spirit Corp.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaharqaSpiritCorpMember" xlink:title="label: TaharqaSpiritCorpMember to label_TaharqaSpiritCorpMember" xlink:to="label_TaharqaSpiritCorpMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TankBarge1Member" xlink:label="TankBarge1Member" xlink:title="TankBarge1Member" xlink:type="locator"/>
    <label id="label_TankBarge1Member" xlink:label="label_TankBarge1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TankBarge1Member" xlink:type="resource" xml:lang="en-US">Tank Barge 1 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankBarge1Member" xlink:title="label: TankBarge1Member to label_TankBarge1Member" xlink:to="label_TankBarge1Member" xlink:type="arc"/>
    <label id="label_TankBarge1Member_2" xlink:label="label_TankBarge1Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TankBarge1Member" xlink:type="resource" xml:lang="en-US">Tank Barge 1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankBarge1Member" xlink:title="label: TankBarge1Member to label_TankBarge1Member" xlink:to="label_TankBarge1Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TankBarge2Member" xlink:label="TankBarge2Member" xlink:title="TankBarge2Member" xlink:type="locator"/>
    <label id="label_TankBarge2Member" xlink:label="label_TankBarge2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TankBarge2Member" xlink:type="resource" xml:lang="en-US">Tank Barge 2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankBarge2Member" xlink:title="label: TankBarge2Member to label_TankBarge2Member" xlink:to="label_TankBarge2Member" xlink:type="arc"/>
    <label id="label_TankBarge2Member_2" xlink:label="label_TankBarge2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TankBarge2Member" xlink:type="resource" xml:lang="en-US">Tank Barge 2</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankBarge2Member" xlink:title="label: TankBarge2Member to label_TankBarge2Member" xlink:to="label_TankBarge2Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TankBarge3Member" xlink:label="TankBarge3Member" xlink:title="TankBarge3Member" xlink:type="locator"/>
    <label id="label_TankBarge3Member" xlink:label="label_TankBarge3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TankBarge3Member" xlink:type="resource" xml:lang="en-US">Tank Barge 3 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankBarge3Member" xlink:title="label: TankBarge3Member to label_TankBarge3Member" xlink:to="label_TankBarge3Member" xlink:type="arc"/>
    <label id="label_TankBarge3Member_2" xlink:label="label_TankBarge3Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TankBarge3Member" xlink:type="resource" xml:lang="en-US">Tank Barge 3</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankBarge3Member" xlink:title="label: TankBarge3Member to label_TankBarge3Member" xlink:to="label_TankBarge3Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TankBarge4Member" xlink:label="TankBarge4Member" xlink:title="TankBarge4Member" xlink:type="locator"/>
    <label id="label_TankBarge4Member" xlink:label="label_TankBarge4Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TankBarge4Member" xlink:type="resource" xml:lang="en-US">Tank Barge 4 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankBarge4Member" xlink:title="label: TankBarge4Member to label_TankBarge4Member" xlink:to="label_TankBarge4Member" xlink:type="arc"/>
    <label id="label_TankBarge4Member_2" xlink:label="label_TankBarge4Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TankBarge4Member" xlink:type="resource" xml:lang="en-US">Tank Barge 4</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankBarge4Member" xlink:title="label: TankBarge4Member to label_TankBarge4Member" xlink:to="label_TankBarge4Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TankerVesselsBargesAndPushBoatsMember" xlink:label="TankerVesselsBargesAndPushBoatsMember" xlink:title="TankerVesselsBargesAndPushBoatsMember" xlink:type="locator"/>
    <label id="label_TankerVesselsBargesAndPushBoatsMember" xlink:label="label_TankerVesselsBargesAndPushBoatsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TankerVesselsBargesAndPushBoatsMember" xlink:type="resource" xml:lang="en-US">Tanker Vessels Barges And Pushboats [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankerVesselsBargesAndPushBoatsMember" xlink:title="label: TankerVesselsBargesAndPushBoatsMember to label_TankerVesselsBargesAndPushBoatsMember" xlink:to="label_TankerVesselsBargesAndPushBoatsMember" xlink:type="arc"/>
    <label id="label_TankerVesselsBargesAndPushBoatsMember_2" xlink:label="label_TankerVesselsBargesAndPushBoatsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TankerVesselsBargesAndPushBoatsMember" xlink:type="resource" xml:lang="en-US">Tanker vessels, barges and pushboats</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankerVesselsBargesAndPushBoatsMember" xlink:title="label: TankerVesselsBargesAndPushBoatsMember to label_TankerVesselsBargesAndPushBoatsMember" xlink:to="label_TankerVesselsBargesAndPushBoatsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TankerVesselsBargesAndPushboatsMember" xlink:label="TankerVesselsBargesAndPushboatsMember" xlink:title="TankerVesselsBargesAndPushboatsMember" xlink:type="locator"/>
    <label id="label_TankerVesselsBargesAndPushboatsMember" xlink:label="label_TankerVesselsBargesAndPushboatsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TankerVesselsBargesAndPushboatsMember" xlink:type="resource" xml:lang="en-US">Tanker vessels barges and pushboats [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankerVesselsBargesAndPushboatsMember" xlink:title="label: TankerVesselsBargesAndPushboatsMember to label_TankerVesselsBargesAndPushboatsMember" xlink:to="label_TankerVesselsBargesAndPushboatsMember" xlink:type="arc"/>
    <label id="label_TankerVesselsBargesAndPushboatsMember_2" xlink:label="label_TankerVesselsBargesAndPushboatsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TankerVesselsBargesAndPushboatsMember" xlink:type="resource" xml:lang="en-US">Tanker vessels, barges and push boats</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankerVesselsBargesAndPushboatsMember" xlink:title="label: TankerVesselsBargesAndPushboatsMember to label_TankerVesselsBargesAndPushboatsMember" xlink:to="label_TankerVesselsBargesAndPushboatsMember_2" xlink:type="arc"/>
    <label id="label_TankerVesselsBargesAndPushboatsMember_3" xlink:label="label_TankerVesselsBargesAndPushboatsMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_TankerVesselsBargesAndPushboatsMember" xlink:type="resource" xml:lang="en-US">Tanker vessels, barges and pushboats (Navios Logistics)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankerVesselsBargesAndPushboatsMember" xlink:title="label: TankerVesselsBargesAndPushboatsMember to label_TankerVesselsBargesAndPushboatsMember" xlink:to="label_TankerVesselsBargesAndPushboatsMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TankerVesselsBargesPushBoatsTableTextBlock" xlink:label="TankerVesselsBargesPushBoatsTableTextBlock" xlink:title="TankerVesselsBargesPushBoatsTableTextBlock" xlink:type="locator"/>
    <label id="label_TankerVesselsBargesPushBoatsTableTextBlock" xlink:label="label_TankerVesselsBargesPushBoatsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TankerVesselsBargesPushBoatsTableTextBlock" xlink:type="resource" xml:lang="en-US">Tabular disclosure of the cost and accumulated depreciation transactions for tanker vessels, barges and push boats that are used in the normal conduct of business to produce goods and services and not intended for resale.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankerVesselsBargesPushBoatsTableTextBlock" xlink:title="label: TankerVesselsBargesPushBoatsTableTextBlock to label_TankerVesselsBargesPushBoatsTableTextBlock" xlink:to="label_TankerVesselsBargesPushBoatsTableTextBlock" xlink:type="arc"/>
    <label id="label_TankerVesselsBargesPushBoatsTableTextBlock_2" xlink:label="label_TankerVesselsBargesPushBoatsTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TankerVesselsBargesPushBoatsTableTextBlock" xlink:type="resource" xml:lang="en-US">Tanker Vessels Barges Push Boats [Table Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankerVesselsBargesPushBoatsTableTextBlock" xlink:title="label: TankerVesselsBargesPushBoatsTableTextBlock to label_TankerVesselsBargesPushBoatsTableTextBlock" xlink:to="label_TankerVesselsBargesPushBoatsTableTextBlock_2" xlink:type="arc"/>
    <label id="label_TankerVesselsBargesPushBoatsTableTextBlock_3" xlink:label="label_TankerVesselsBargesPushBoatsTableTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TankerVesselsBargesPushBoatsTableTextBlock" xlink:type="resource" xml:lang="en-US">Tanker vessels, barges and push boats</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankerVesselsBargesPushBoatsTableTextBlock" xlink:title="label: TankerVesselsBargesPushBoatsTableTextBlock to label_TankerVesselsBargesPushBoatsTableTextBlock" xlink:to="label_TankerVesselsBargesPushBoatsTableTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TankerVesselsMember" xlink:label="TankerVesselsMember" xlink:title="TankerVesselsMember" xlink:type="locator"/>
    <label id="label_TankerVesselsMember" xlink:label="label_TankerVesselsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TankerVesselsMember" xlink:type="resource" xml:lang="en-US">Tanker Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankerVesselsMember" xlink:title="label: TankerVesselsMember to label_TankerVesselsMember" xlink:to="label_TankerVesselsMember" xlink:type="arc"/>
    <label id="label_TankerVesselsMember_2" xlink:label="label_TankerVesselsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TankerVesselsMember" xlink:type="resource" xml:lang="en-US">Tanker vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankerVesselsMember" xlink:title="label: TankerVesselsMember to label_TankerVesselsMember" xlink:to="label_TankerVesselsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TankerVesselsTablesTextBlock" xlink:label="TankerVesselsTablesTextBlock" xlink:title="TankerVesselsTablesTextBlock" xlink:type="locator"/>
    <label id="label_TankerVesselsTablesTextBlock" xlink:label="label_TankerVesselsTablesTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TankerVesselsTablesTextBlock" xlink:type="resource" xml:lang="en-US">Tabular disclosure of the cost and accumulated depreciation transactions for tanker vessels that are used in the normal conduct of business to produce goods and services and not intended for resale.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankerVesselsTablesTextBlock" xlink:title="label: TankerVesselsTablesTextBlock to label_TankerVesselsTablesTextBlock" xlink:to="label_TankerVesselsTablesTextBlock" xlink:type="arc"/>
    <label id="label_TankerVesselsTablesTextBlock_2" xlink:label="label_TankerVesselsTablesTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TankerVesselsTablesTextBlock" xlink:type="resource" xml:lang="en-US">Tanker Vessels [Tables Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankerVesselsTablesTextBlock" xlink:title="label: TankerVesselsTablesTextBlock to label_TankerVesselsTablesTextBlock" xlink:to="label_TankerVesselsTablesTextBlock_2" xlink:type="arc"/>
    <label id="label_TankerVesselsTablesTextBlock_3" xlink:label="label_TankerVesselsTablesTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TankerVesselsTablesTextBlock" xlink:type="resource" xml:lang="en-US">Tanker Vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TankerVesselsTablesTextBlock" xlink:title="label: TankerVesselsTablesTextBlock to label_TankerVesselsTablesTextBlock" xlink:to="label_TankerVesselsTablesTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TenVesselsMember" xlink:label="TenVesselsMember" xlink:title="TenVesselsMember" xlink:type="locator"/>
    <label id="label_TenVesselsMember" xlink:label="label_TenVesselsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenVesselsMember" xlink:type="resource" xml:lang="en-US">Ten Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenVesselsMember" xlink:title="label: TenVesselsMember to label_TenVesselsMember" xlink:to="label_TenVesselsMember" xlink:type="arc"/>
    <label id="label_TenVesselsMember_2" xlink:label="label_TenVesselsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TenVesselsMember" xlink:type="resource" xml:lang="en-US">10 vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenVesselsMember" xlink:title="label: TenVesselsMember to label_TenVesselsMember" xlink:to="label_TenVesselsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ThereafterOfFirstOnePointFiveMillionsMember" xlink:label="ThereafterOfFirstOnePointFiveMillionsMember" xlink:title="ThereafterOfFirstOnePointFiveMillionsMember" xlink:type="locator"/>
    <label id="label_ThereafterOfFirstOnePointFiveMillionsMember" xlink:label="label_ThereafterOfFirstOnePointFiveMillionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ThereafterOfFirstOnePointFiveMillionsMember" xlink:type="resource" xml:lang="en-US">Thereafter Of First One Point Five Millions [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThereafterOfFirstOnePointFiveMillionsMember" xlink:title="label: ThereafterOfFirstOnePointFiveMillionsMember to label_ThereafterOfFirstOnePointFiveMillionsMember" xlink:to="label_ThereafterOfFirstOnePointFiveMillionsMember" xlink:type="arc"/>
    <label id="label_ThereafterOfFirstOnePointFiveMillionsMember_2" xlink:label="label_ThereafterOfFirstOnePointFiveMillionsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ThereafterOfFirstOnePointFiveMillionsMember" xlink:type="resource" xml:lang="en-US">Thereafter of the first $1.5 million in profits above the base rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThereafterOfFirstOnePointFiveMillionsMember" xlink:title="label: ThereafterOfFirstOnePointFiveMillionsMember to label_ThereafterOfFirstOnePointFiveMillionsMember" xlink:to="label_ThereafterOfFirstOnePointFiveMillionsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ThereafterOfFirstTwoPointFiveMillionsMember" xlink:label="ThereafterOfFirstTwoPointFiveMillionsMember" xlink:title="ThereafterOfFirstTwoPointFiveMillionsMember" xlink:type="locator"/>
    <label id="label_ThereafterOfFirstTwoPointFiveMillionsMember" xlink:label="label_ThereafterOfFirstTwoPointFiveMillionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ThereafterOfFirstTwoPointFiveMillionsMember" xlink:type="resource" xml:lang="en-US">Thereafter Of First Two Point Five Millions [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThereafterOfFirstTwoPointFiveMillionsMember" xlink:title="label: ThereafterOfFirstTwoPointFiveMillionsMember to label_ThereafterOfFirstTwoPointFiveMillionsMember" xlink:to="label_ThereafterOfFirstTwoPointFiveMillionsMember" xlink:type="arc"/>
    <label id="label_ThereafterOfFirstTwoPointFiveMillionsMember_2" xlink:label="label_ThereafterOfFirstTwoPointFiveMillionsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ThereafterOfFirstTwoPointFiveMillionsMember" xlink:type="resource" xml:lang="en-US">Thereafter of the first $2.5 millions in profits above the base rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThereafterOfFirstTwoPointFiveMillionsMember" xlink:title="label: ThereafterOfFirstTwoPointFiveMillionsMember to label_ThereafterOfFirstTwoPointFiveMillionsMember" xlink:to="label_ThereafterOfFirstTwoPointFiveMillionsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ThirtysixDryBargesMember" xlink:label="ThirtysixDryBargesMember" xlink:title="ThirtysixDryBargesMember" xlink:type="locator"/>
    <label id="label_ThirtysixDryBargesMember" xlink:label="label_ThirtysixDryBargesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ThirtysixDryBargesMember" xlink:type="resource" xml:lang="en-US">Thirtysix Dry Barges [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThirtysixDryBargesMember" xlink:title="label: ThirtysixDryBargesMember to label_ThirtysixDryBargesMember" xlink:to="label_ThirtysixDryBargesMember" xlink:type="arc"/>
    <label id="label_ThirtysixDryBargesMember_2" xlink:label="label_ThirtysixDryBargesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ThirtysixDryBargesMember" xlink:type="resource" xml:lang="en-US">36 Dry Barges</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThirtysixDryBargesMember" xlink:title="label: ThirtysixDryBargesMember to label_ThirtysixDryBargesMember" xlink:to="label_ThirtysixDryBargesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ThreeNewPushboatsMember" xlink:label="ThreeNewPushboatsMember" xlink:title="ThreeNewPushboatsMember" xlink:type="locator"/>
    <label id="label_ThreeNewPushboatsMember" xlink:label="label_ThreeNewPushboatsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ThreeNewPushboatsMember" xlink:type="resource" xml:lang="en-US">Three New Pushboats [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThreeNewPushboatsMember" xlink:title="label: ThreeNewPushboatsMember to label_ThreeNewPushboatsMember" xlink:to="label_ThreeNewPushboatsMember" xlink:type="arc"/>
    <label id="label_ThreeNewPushboatsMember_2" xlink:label="label_ThreeNewPushboatsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ThreeNewPushboatsMember" xlink:type="resource" xml:lang="en-US">Three new pushboats</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThreeNewPushboatsMember" xlink:title="label: ThreeNewPushboatsMember to label_ThreeNewPushboatsMember" xlink:to="label_ThreeNewPushboatsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ThreePushboats1Member" xlink:label="ThreePushboats1Member" xlink:title="ThreePushboats1Member" xlink:type="locator"/>
    <label id="label_ThreePushboats1Member" xlink:label="label_ThreePushboats1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ThreePushboats1Member" xlink:type="resource" xml:lang="en-US">Three Pushboats 1 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThreePushboats1Member" xlink:title="label: ThreePushboats1Member to label_ThreePushboats1Member" xlink:to="label_ThreePushboats1Member" xlink:type="arc"/>
    <label id="label_ThreePushboats1Member_2" xlink:label="label_ThreePushboats1Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ThreePushboats1Member" xlink:type="resource" xml:lang="en-US">Three pushboats</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThreePushboats1Member" xlink:title="label: ThreePushboats1Member to label_ThreePushboats1Member" xlink:to="label_ThreePushboats1Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ThreePushboatsMember" xlink:label="ThreePushboatsMember" xlink:title="ThreePushboatsMember" xlink:type="locator"/>
    <label id="label_ThreePushboatsMember" xlink:label="label_ThreePushboatsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ThreePushboatsMember" xlink:type="resource" xml:lang="en-US">Three Pushboats [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThreePushboatsMember" xlink:title="label: ThreePushboatsMember to label_ThreePushboatsMember" xlink:to="label_ThreePushboatsMember" xlink:type="arc"/>
    <label id="label_ThreePushboatsMember_2" xlink:label="label_ThreePushboatsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ThreePushboatsMember" xlink:type="resource" xml:lang="en-US">Three pushboats and 18 liquid barges</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThreePushboatsMember" xlink:title="label: ThreePushboatsMember to label_ThreePushboatsMember" xlink:to="label_ThreePushboatsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TotalConsolidationMember" xlink:label="TotalConsolidationMember" xlink:title="TotalConsolidationMember" xlink:type="locator"/>
    <label id="label_TotalConsolidationMember" xlink:label="label_TotalConsolidationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TotalConsolidationMember" xlink:type="resource" xml:lang="en-US">Total Consolidation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalConsolidationMember" xlink:title="label: TotalConsolidationMember to label_TotalConsolidationMember" xlink:to="label_TotalConsolidationMember" xlink:type="arc"/>
    <label id="label_TotalConsolidationMember_2" xlink:label="label_TotalConsolidationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TotalConsolidationMember" xlink:type="resource" xml:lang="en-US">Total</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalConsolidationMember" xlink:title="label: TotalConsolidationMember to label_TotalConsolidationMember" xlink:to="label_TotalConsolidationMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TotalFairValueInputLevelsMember" xlink:label="TotalFairValueInputLevelsMember" xlink:title="TotalFairValueInputLevelsMember" xlink:type="locator"/>
    <label id="label_TotalFairValueInputLevelsMember" xlink:label="label_TotalFairValueInputLevelsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TotalFairValueInputLevelsMember" xlink:type="resource" xml:lang="en-US">Fair value of inputs Level I , II , III</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalFairValueInputLevelsMember" xlink:title="label: TotalFairValueInputLevelsMember to label_TotalFairValueInputLevelsMember" xlink:to="label_TotalFairValueInputLevelsMember" xlink:type="arc"/>
    <label id="label_TotalFairValueInputLevelsMember_2" xlink:label="label_TotalFairValueInputLevelsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TotalFairValueInputLevelsMember" xlink:type="resource" xml:lang="en-US">Total Fair Value Input Levels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalFairValueInputLevelsMember" xlink:title="label: TotalFairValueInputLevelsMember to label_TotalFairValueInputLevelsMember" xlink:to="label_TotalFairValueInputLevelsMember_2" xlink:type="arc"/>
    <label id="label_TotalFairValueInputLevelsMember_3" xlink:label="label_TotalFairValueInputLevelsMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TotalFairValueInputLevelsMember" xlink:type="resource" xml:lang="en-US">Total</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalFairValueInputLevelsMember" xlink:title="label: TotalFairValueInputLevelsMember to label_TotalFairValueInputLevelsMember" xlink:to="label_TotalFairValueInputLevelsMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember" xlink:label="TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember" xlink:title="TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember" xlink:type="locator"/>
    <label id="label_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember" xlink:label="label_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember" xlink:type="resource" xml:lang="en-US">Amount of amortization expense expected to be recognized in the years following the latest balance sheet presented for assets, excluding financial assets and goodwill, lacking physical substance with a finite life.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember" xlink:title="label: TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember to label_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember" xlink:to="label_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember" xlink:type="arc"/>
    <label id="label_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember_2" xlink:label="label_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember" xlink:type="resource" xml:lang="en-US">Total intangible assets including unfavorable lease terms [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember" xlink:title="label: TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember to label_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember" xlink:to="label_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember_2" xlink:type="arc"/>
    <label id="label_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember_3" xlink:label="label_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember" xlink:type="resource" xml:lang="en-US">Total</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember" xlink:title="label: TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember to label_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember" xlink:to="label_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TotalIntangibleAssetsMember" xlink:label="TotalIntangibleAssetsMember" xlink:title="TotalIntangibleAssetsMember" xlink:type="locator"/>
    <label id="label_TotalIntangibleAssetsMember" xlink:label="label_TotalIntangibleAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TotalIntangibleAssetsMember" xlink:type="resource" xml:lang="en-US">Total Intangible Assets [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalIntangibleAssetsMember" xlink:title="label: TotalIntangibleAssetsMember to label_TotalIntangibleAssetsMember" xlink:to="label_TotalIntangibleAssetsMember" xlink:type="arc"/>
    <label id="label_TotalIntangibleAssetsMember_2" xlink:label="label_TotalIntangibleAssetsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TotalIntangibleAssetsMember" xlink:type="resource" xml:lang="en-US">Total Intangible assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalIntangibleAssetsMember" xlink:title="label: TotalIntangibleAssetsMember to label_TotalIntangibleAssetsMember" xlink:to="label_TotalIntangibleAssetsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TotalIntangiblesAssetsAmortization" xlink:label="TotalIntangiblesAssetsAmortization" xlink:title="TotalIntangiblesAssetsAmortization" xlink:type="locator"/>
    <label id="label_TotalIntangiblesAssetsAmortization" xlink:label="label_TotalIntangiblesAssetsAmortization" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TotalIntangiblesAssetsAmortization" xlink:type="resource" xml:lang="en-US">Aggregate amount of amortization expense expected to be recognized, excluding financial assets and goodwill, lacking physical substance with a finite life.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalIntangiblesAssetsAmortization" xlink:title="label: TotalIntangiblesAssetsAmortization to label_TotalIntangiblesAssetsAmortization" xlink:to="label_TotalIntangiblesAssetsAmortization" xlink:type="arc"/>
    <label id="label_TotalIntangiblesAssetsAmortization_2" xlink:label="label_TotalIntangiblesAssetsAmortization_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TotalIntangiblesAssetsAmortization" xlink:type="resource" xml:lang="en-US">Total Intangibles Assets Amortization</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalIntangiblesAssetsAmortization" xlink:title="label: TotalIntangiblesAssetsAmortization to label_TotalIntangiblesAssetsAmortization" xlink:to="label_TotalIntangiblesAssetsAmortization_2" xlink:type="arc"/>
    <label id="label_TotalIntangiblesAssetsAmortization_3" xlink:label="label_TotalIntangiblesAssetsAmortization_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TotalIntangiblesAssetsAmortization" xlink:type="resource" xml:lang="en-US">Total</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalIntangiblesAssetsAmortization" xlink:title="label: TotalIntangiblesAssetsAmortization to label_TotalIntangiblesAssetsAmortization" xlink:to="label_TotalIntangiblesAssetsAmortization_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TotalLoansMember" xlink:label="TotalLoansMember" xlink:title="TotalLoansMember" xlink:type="locator"/>
    <label id="label_TotalLoansMember" xlink:label="label_TotalLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TotalLoansMember" xlink:type="resource" xml:lang="en-US">Total Loans [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalLoansMember" xlink:title="label: TotalLoansMember to label_TotalLoansMember" xlink:to="label_TotalLoansMember" xlink:type="arc"/>
    <label id="label_TotalLoansMember_2" xlink:label="label_TotalLoansMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TotalLoansMember" xlink:type="resource" xml:lang="en-US">Total</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalLoansMember" xlink:title="label: TotalLoansMember to label_TotalLoansMember" xlink:to="label_TotalLoansMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TotalNaviosLogisticsLoansMember" xlink:label="TotalNaviosLogisticsLoansMember" xlink:title="TotalNaviosLogisticsLoansMember" xlink:type="locator"/>
    <label id="label_TotalNaviosLogisticsLoansMember" xlink:label="label_TotalNaviosLogisticsLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TotalNaviosLogisticsLoansMember" xlink:type="resource" xml:lang="en-US">Total Navios Logistics Loans [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalNaviosLogisticsLoansMember" xlink:title="label: TotalNaviosLogisticsLoansMember to label_TotalNaviosLogisticsLoansMember" xlink:to="label_TotalNaviosLogisticsLoansMember" xlink:type="arc"/>
    <label id="label_TotalNaviosLogisticsLoansMember_2" xlink:label="label_TotalNaviosLogisticsLoansMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TotalNaviosLogisticsLoansMember" xlink:type="resource" xml:lang="en-US">Total Navios Logistics borrowings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalNaviosLogisticsLoansMember" xlink:title="label: TotalNaviosLogisticsLoansMember to label_TotalNaviosLogisticsLoansMember" xlink:to="label_TotalNaviosLogisticsLoansMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_Tranche3Member" xlink:label="Tranche3Member" xlink:title="Tranche3Member" xlink:type="locator"/>
    <label id="label_Tranche3Member" xlink:label="label_Tranche3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Tranche3Member" xlink:type="resource" xml:lang="en-US">Tranche 3 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Tranche3Member" xlink:title="label: Tranche3Member to label_Tranche3Member" xlink:to="label_Tranche3Member" xlink:type="arc"/>
    <label id="label_Tranche3Member_2" xlink:label="label_Tranche3Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Tranche3Member" xlink:type="resource" xml:lang="en-US">Tranche C</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Tranche3Member" xlink:title="label: Tranche3Member to label_Tranche3Member" xlink:to="label_Tranche3Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TrancheBMember" xlink:label="TrancheBMember" xlink:title="TrancheBMember" xlink:type="locator"/>
    <label id="label_TrancheBMember" xlink:label="label_TrancheBMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TrancheBMember" xlink:type="resource" xml:lang="en-US">Tranche B [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheBMember" xlink:title="label: TrancheBMember to label_TrancheBMember" xlink:to="label_TrancheBMember" xlink:type="arc"/>
    <label id="label_TrancheBMember_2" xlink:label="label_TrancheBMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TrancheBMember" xlink:type="resource" xml:lang="en-US">Tranche B</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheBMember" xlink:title="label: TrancheBMember to label_TrancheBMember" xlink:to="label_TrancheBMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TrancheCMember" xlink:label="TrancheCMember" xlink:title="TrancheCMember" xlink:type="locator"/>
    <label id="label_TrancheCMember" xlink:label="label_TrancheCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TrancheCMember" xlink:type="resource" xml:lang="en-US">Tranche C [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheCMember" xlink:title="label: TrancheCMember to label_TrancheCMember" xlink:to="label_TrancheCMember" xlink:type="arc"/>
    <label id="label_TrancheCMember_2" xlink:label="label_TrancheCMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TrancheCMember" xlink:type="resource" xml:lang="en-US">New Tranche June 2014</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheCMember" xlink:title="label: TrancheCMember to label_TrancheCMember" xlink:to="label_TrancheCMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TrancheDMember" xlink:label="TrancheDMember" xlink:title="TrancheDMember" xlink:type="locator"/>
    <label id="label_TrancheDMember" xlink:label="label_TrancheDMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TrancheDMember" xlink:type="resource" xml:lang="en-US">Tranche D [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheDMember" xlink:title="label: TrancheDMember to label_TrancheDMember" xlink:to="label_TrancheDMember" xlink:type="arc"/>
    <label id="label_TrancheDMember_2" xlink:label="label_TrancheDMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TrancheDMember" xlink:type="resource" xml:lang="en-US">Tranche D</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheDMember" xlink:title="label: TrancheDMember to label_TrancheDMember" xlink:to="label_TrancheDMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TrancheMember" xlink:label="TrancheMember" xlink:title="TrancheMember" xlink:type="locator"/>
    <label id="label_TrancheMember" xlink:label="label_TrancheMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TrancheMember" xlink:type="resource" xml:lang="en-US">Tranche A [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheMember" xlink:title="label: TrancheMember to label_TrancheMember" xlink:to="label_TrancheMember" xlink:type="arc"/>
    <label id="label_TrancheMember_2" xlink:label="label_TrancheMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TrancheMember" xlink:type="resource" xml:lang="en-US">Tranche A</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheMember" xlink:title="label: TrancheMember to label_TrancheMember" xlink:to="label_TrancheMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TransactionFeesExpenseMember" xlink:label="TransactionFeesExpenseMember" xlink:title="TransactionFeesExpenseMember" xlink:type="locator"/>
    <label id="label_TransactionFeesExpenseMember" xlink:label="label_TransactionFeesExpenseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TransactionFeesExpenseMember" xlink:type="resource" xml:lang="en-US">Transaction Fees Expense [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionFeesExpenseMember" xlink:title="label: TransactionFeesExpenseMember to label_TransactionFeesExpenseMember" xlink:to="label_TransactionFeesExpenseMember" xlink:type="arc"/>
    <label id="label_TransactionFeesExpenseMember_2" xlink:label="label_TransactionFeesExpenseMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TransactionFeesExpenseMember" xlink:type="resource" xml:lang="en-US">Transaction fees and expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionFeesExpenseMember" xlink:title="label: TransactionFeesExpenseMember to label_TransactionFeesExpenseMember" xlink:to="label_TransactionFeesExpenseMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TransfersBetweenSubsidiaries" xlink:label="TransfersBetweenSubsidiaries" xlink:title="TransfersBetweenSubsidiaries" xlink:type="locator"/>
    <label id="label_TransfersBetweenSubsidiaries" xlink:label="label_TransfersBetweenSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TransfersBetweenSubsidiaries" xlink:type="resource" xml:lang="en-US">Amount of cash from financing activities transferred between subsidiary companies in a group.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransfersBetweenSubsidiaries" xlink:title="label: TransfersBetweenSubsidiaries to label_TransfersBetweenSubsidiaries" xlink:to="label_TransfersBetweenSubsidiaries" xlink:type="arc"/>
    <label id="label_TransfersBetweenSubsidiaries_2" xlink:label="label_TransfersBetweenSubsidiaries_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TransfersBetweenSubsidiaries" xlink:type="resource" xml:lang="en-US">Transfers Between Subsidiaries</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransfersBetweenSubsidiaries" xlink:title="label: TransfersBetweenSubsidiaries to label_TransfersBetweenSubsidiaries" xlink:to="label_TransfersBetweenSubsidiaries_2" xlink:type="arc"/>
    <label id="label_TransfersBetweenSubsidiaries_3" xlink:label="label_TransfersBetweenSubsidiaries_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TransfersBetweenSubsidiaries" xlink:type="resource" xml:lang="en-US">Transfer (to)/from other group subsidiaries</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransfersBetweenSubsidiaries" xlink:title="label: TransfersBetweenSubsidiaries to label_TransfersBetweenSubsidiaries" xlink:to="label_TransfersBetweenSubsidiaries_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TreasuryStockPolicyTextBlock" xlink:label="TreasuryStockPolicyTextBlock" xlink:title="TreasuryStockPolicyTextBlock" xlink:type="locator"/>
    <label id="label_TreasuryStockPolicyTextBlock" xlink:label="label_TreasuryStockPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TreasuryStockPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Disclosure of accounting policy for treasury stock transactions.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TreasuryStockPolicyTextBlock" xlink:title="label: TreasuryStockPolicyTextBlock to label_TreasuryStockPolicyTextBlock" xlink:to="label_TreasuryStockPolicyTextBlock" xlink:type="arc"/>
    <label id="label_TreasuryStockPolicyTextBlock_2" xlink:label="label_TreasuryStockPolicyTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TreasuryStockPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Treasury Stock [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TreasuryStockPolicyTextBlock" xlink:title="label: TreasuryStockPolicyTextBlock to label_TreasuryStockPolicyTextBlock" xlink:to="label_TreasuryStockPolicyTextBlock_2" xlink:type="arc"/>
    <label id="label_TreasuryStockPolicyTextBlock_3" xlink:label="label_TreasuryStockPolicyTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TreasuryStockPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Treasury Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TreasuryStockPolicyTextBlock" xlink:title="label: TreasuryStockPolicyTextBlock to label_TreasuryStockPolicyTextBlock" xlink:to="label_TreasuryStockPolicyTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TriangleShippingCorporationMember" xlink:label="TriangleShippingCorporationMember" xlink:title="TriangleShippingCorporationMember" xlink:type="locator"/>
    <label id="label_TriangleShippingCorporationMember" xlink:label="label_TriangleShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TriangleShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Triangle Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TriangleShippingCorporationMember" xlink:title="label: TriangleShippingCorporationMember to label_TriangleShippingCorporationMember" xlink:to="label_TriangleShippingCorporationMember" xlink:type="arc"/>
    <label id="label_TriangleShippingCorporationMember_2" xlink:label="label_TriangleShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TriangleShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Triangle Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TriangleShippingCorporationMember" xlink:title="label: TriangleShippingCorporationMember to label_TriangleShippingCorporationMember" xlink:to="label_TriangleShippingCorporationMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TulsiShipmanagementCoMember" xlink:label="TulsiShipmanagementCoMember" xlink:title="TulsiShipmanagementCoMember" xlink:type="locator"/>
    <label id="label_TulsiShipmanagementCoMember" xlink:label="label_TulsiShipmanagementCoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TulsiShipmanagementCoMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Tulsi Ship Management Co.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TulsiShipmanagementCoMember" xlink:title="label: TulsiShipmanagementCoMember to label_TulsiShipmanagementCoMember" xlink:to="label_TulsiShipmanagementCoMember" xlink:type="arc"/>
    <label id="label_TulsiShipmanagementCoMember_2" xlink:label="label_TulsiShipmanagementCoMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TulsiShipmanagementCoMember" xlink:type="resource" xml:lang="en-US">Tulsi Shipmanagement Co [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TulsiShipmanagementCoMember" xlink:title="label: TulsiShipmanagementCoMember to label_TulsiShipmanagementCoMember" xlink:to="label_TulsiShipmanagementCoMember_2" xlink:type="arc"/>
    <label id="label_TulsiShipmanagementCoMember_3" xlink:label="label_TulsiShipmanagementCoMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TulsiShipmanagementCoMember" xlink:type="resource" xml:lang="en-US">Tulsi Shipmanagement Co.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TulsiShipmanagementCoMember" xlink:title="label: TulsiShipmanagementCoMember to label_TulsiShipmanagementCoMember" xlink:to="label_TulsiShipmanagementCoMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TwoCompanies1Member" xlink:label="TwoCompanies1Member" xlink:title="TwoCompanies1Member" xlink:type="locator"/>
    <label id="label_TwoCompanies1Member" xlink:label="label_TwoCompanies1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TwoCompanies1Member" xlink:type="resource" xml:lang="en-US">Two Companies 1 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwoCompanies1Member" xlink:title="label: TwoCompanies1Member to label_TwoCompanies1Member" xlink:to="label_TwoCompanies1Member" xlink:type="arc"/>
    <label id="label_TwoCompanies1Member_2" xlink:label="label_TwoCompanies1Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TwoCompanies1Member" xlink:type="resource" xml:lang="en-US">Two companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwoCompanies1Member" xlink:title="label: TwoCompanies1Member to label_TwoCompanies1Member" xlink:to="label_TwoCompanies1Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TwoCompaniesMember" xlink:label="TwoCompaniesMember" xlink:title="TwoCompaniesMember" xlink:type="locator"/>
    <label id="label_TwoCompaniesMember" xlink:label="label_TwoCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TwoCompaniesMember" xlink:type="resource" xml:lang="en-US">Two Companies [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwoCompaniesMember" xlink:title="label: TwoCompaniesMember to label_TwoCompaniesMember" xlink:to="label_TwoCompaniesMember" xlink:type="arc"/>
    <label id="label_TwoCompaniesMember_2" xlink:label="label_TwoCompaniesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TwoCompaniesMember" xlink:type="resource" xml:lang="en-US">Two Companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwoCompaniesMember" xlink:title="label: TwoCompaniesMember to label_TwoCompaniesMember" xlink:to="label_TwoCompaniesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_UltraHandymaxMember" xlink:label="UltraHandymaxMember" xlink:title="UltraHandymaxMember" xlink:type="locator"/>
    <label id="label_UltraHandymaxMember" xlink:label="label_UltraHandymaxMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UltraHandymaxMember" xlink:type="resource" xml:lang="en-US">Ultra Handymax [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltraHandymaxMember" xlink:title="label: UltraHandymaxMember to label_UltraHandymaxMember" xlink:to="label_UltraHandymaxMember" xlink:type="arc"/>
    <label id="label_UltraHandymaxMember_2" xlink:label="label_UltraHandymaxMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UltraHandymaxMember" xlink:type="resource" xml:lang="en-US">Ultra-Handymax vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltraHandymaxMember" xlink:title="label: UltraHandymaxMember to label_UltraHandymaxMember" xlink:to="label_UltraHandymaxMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_UltraHandymaxPanamaxCapesizeMember" xlink:label="UltraHandymaxPanamaxCapesizeMember" xlink:title="UltraHandymaxPanamaxCapesizeMember" xlink:type="locator"/>
    <label id="label_UltraHandymaxPanamaxCapesizeMember" xlink:label="label_UltraHandymaxPanamaxCapesizeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UltraHandymaxPanamaxCapesizeMember" xlink:type="resource" xml:lang="en-US">Ultra Handymax Panamax Capesize [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltraHandymaxPanamaxCapesizeMember" xlink:title="label: UltraHandymaxPanamaxCapesizeMember to label_UltraHandymaxPanamaxCapesizeMember" xlink:to="label_UltraHandymaxPanamaxCapesizeMember" xlink:type="arc"/>
    <label id="label_UltraHandymaxPanamaxCapesizeMember_2" xlink:label="label_UltraHandymaxPanamaxCapesizeMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UltraHandymaxPanamaxCapesizeMember" xlink:type="resource" xml:lang="en-US">Ultra-Handymax, Panamax, Capesize and Container Vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UltraHandymaxPanamaxCapesizeMember" xlink:title="label: UltraHandymaxPanamaxCapesizeMember to label_UltraHandymaxPanamaxCapesizeMember" xlink:to="label_UltraHandymaxPanamaxCapesizeMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_UnamortizedPortionOfFavorableLeaseTerm" xlink:label="UnamortizedPortionOfFavorableLeaseTerm" xlink:title="UnamortizedPortionOfFavorableLeaseTerm" xlink:type="locator"/>
    <label id="label_UnamortizedPortionOfFavorableLeaseTerm" xlink:label="label_UnamortizedPortionOfFavorableLeaseTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UnamortizedPortionOfFavorableLeaseTerm" xlink:type="resource" xml:lang="en-US">Refers to the portion of favorable lease term that is unamortized.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnamortizedPortionOfFavorableLeaseTerm" xlink:title="label: UnamortizedPortionOfFavorableLeaseTerm to label_UnamortizedPortionOfFavorableLeaseTerm" xlink:to="label_UnamortizedPortionOfFavorableLeaseTerm" xlink:type="arc"/>
    <label id="label_UnamortizedPortionOfFavorableLeaseTerm_2" xlink:label="label_UnamortizedPortionOfFavorableLeaseTerm_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnamortizedPortionOfFavorableLeaseTerm" xlink:type="resource" xml:lang="en-US">Unamortized Portion Of Favorable Lease Term</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnamortizedPortionOfFavorableLeaseTerm" xlink:title="label: UnamortizedPortionOfFavorableLeaseTerm to label_UnamortizedPortionOfFavorableLeaseTerm" xlink:to="label_UnamortizedPortionOfFavorableLeaseTerm_2" xlink:type="arc"/>
    <label id="label_UnamortizedPortionOfFavorableLeaseTerm_3" xlink:label="label_UnamortizedPortionOfFavorableLeaseTerm_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UnamortizedPortionOfFavorableLeaseTerm" xlink:type="resource" xml:lang="en-US">Unamortized portion of favorable lease term</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnamortizedPortionOfFavorableLeaseTerm" xlink:title="label: UnamortizedPortionOfFavorableLeaseTerm to label_UnamortizedPortionOfFavorableLeaseTerm" xlink:to="label_UnamortizedPortionOfFavorableLeaseTerm_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_UndeclaredPreferredDividends" xlink:label="UndeclaredPreferredDividends" xlink:title="UndeclaredPreferredDividends" xlink:type="locator"/>
    <label id="label_UndeclaredPreferredDividends_2" xlink:label="label_UndeclaredPreferredDividends" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UndeclaredPreferredDividends" xlink:type="resource" xml:lang="en-US">Undeclared preferred dividends net of cancelled dividends, following the completion of the offer to exchange cash and/or newly issued shares of common stock for any and all outstanding of its Series G and Series H.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UndeclaredPreferredDividends" xlink:title="label: UndeclaredPreferredDividends to label_UndeclaredPreferredDividends" xlink:to="label_UndeclaredPreferredDividends" xlink:type="arc"/>
    <label id="label_UndeclaredPreferredDividends" xlink:label="label_UndeclaredPreferredDividends_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UndeclaredPreferredDividends" xlink:type="resource" xml:lang="en-US">Undeclared Preferred Dividends</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UndeclaredPreferredDividends" xlink:title="label: UndeclaredPreferredDividends to label_UndeclaredPreferredDividends" xlink:to="label_UndeclaredPreferredDividends_2" xlink:type="arc"/>
    <label id="label_UndeclaredPreferredDividends_3" xlink:label="label_UndeclaredPreferredDividends_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UndeclaredPreferredDividends" xlink:type="resource" xml:lang="en-US">Undeclared preferred dividends</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UndeclaredPreferredDividends" xlink:title="label: UndeclaredPreferredDividends to label_UndeclaredPreferredDividends" xlink:to="label_UndeclaredPreferredDividends_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_UnfavorableLeaseTerms1Member" xlink:label="UnfavorableLeaseTerms1Member" xlink:title="UnfavorableLeaseTerms1Member" xlink:type="locator"/>
    <label id="label_UnfavorableLeaseTerms1Member" xlink:label="label_UnfavorableLeaseTerms1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnfavorableLeaseTerms1Member" xlink:type="resource" xml:lang="en-US">Unfavorable Lease Terms 1 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnfavorableLeaseTerms1Member" xlink:title="label: UnfavorableLeaseTerms1Member to label_UnfavorableLeaseTerms1Member" xlink:to="label_UnfavorableLeaseTerms1Member" xlink:type="arc"/>
    <label id="label_UnfavorableLeaseTerms1Member_2" xlink:label="label_UnfavorableLeaseTerms1Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UnfavorableLeaseTerms1Member" xlink:type="resource" xml:lang="en-US">Unfavorable lease terms</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnfavorableLeaseTerms1Member" xlink:title="label: UnfavorableLeaseTerms1Member to label_UnfavorableLeaseTerms1Member" xlink:to="label_UnfavorableLeaseTerms1Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_UnfavorableLeaseTermsMember" xlink:label="UnfavorableLeaseTermsMember" xlink:title="UnfavorableLeaseTermsMember" xlink:type="locator"/>
    <label id="label_UnfavorableLeaseTermsMember" xlink:label="label_UnfavorableLeaseTermsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UnfavorableLeaseTermsMember" xlink:type="resource" xml:lang="en-US">Lease acquired by a business and are in unfavorable terms for the business.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnfavorableLeaseTermsMember" xlink:title="label: UnfavorableLeaseTermsMember to label_UnfavorableLeaseTermsMember" xlink:to="label_UnfavorableLeaseTermsMember" xlink:type="arc"/>
    <label id="label_UnfavorableLeaseTermsMember_2" xlink:label="label_UnfavorableLeaseTermsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnfavorableLeaseTermsMember" xlink:type="resource" xml:lang="en-US">Unfavorable Lease Terms [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnfavorableLeaseTermsMember" xlink:title="label: UnfavorableLeaseTermsMember to label_UnfavorableLeaseTermsMember" xlink:to="label_UnfavorableLeaseTermsMember_2" xlink:type="arc"/>
    <label id="label_UnfavorableLeaseTermsMember_3" xlink:label="label_UnfavorableLeaseTermsMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UnfavorableLeaseTermsMember" xlink:type="resource" xml:lang="en-US">Unfavorable lease terms</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnfavorableLeaseTermsMember" xlink:title="label: UnfavorableLeaseTermsMember to label_UnfavorableLeaseTermsMember" xlink:to="label_UnfavorableLeaseTermsMember_3" xlink:type="arc"/>
    <label id="label_UnfavorableLeaseTermsMember_4" xlink:label="label_UnfavorableLeaseTermsMember_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_UnfavorableLeaseTermsMember" xlink:type="resource" xml:lang="en-US">Unfavorable lease terms purchase options for vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnfavorableLeaseTermsMember" xlink:title="label: UnfavorableLeaseTermsMember to label_UnfavorableLeaseTermsMember" xlink:to="label_UnfavorableLeaseTermsMember_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_UnrealizedGainLossOnFfaDerivatives" xlink:label="UnrealizedGainLossOnFfaDerivatives" xlink:title="UnrealizedGainLossOnFfaDerivatives" xlink:type="locator"/>
    <label id="label_UnrealizedGainLossOnFfaDerivatives" xlink:label="label_UnrealizedGainLossOnFfaDerivatives" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UnrealizedGainLossOnFfaDerivatives" xlink:type="resource" xml:lang="en-US">The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of forward freight agreements held at each balance sheet date, that was included in earnings for the period.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnrealizedGainLossOnFfaDerivatives" xlink:title="label: UnrealizedGainLossOnFfaDerivatives to label_UnrealizedGainLossOnFfaDerivatives" xlink:to="label_UnrealizedGainLossOnFfaDerivatives" xlink:type="arc"/>
    <label id="label_UnrealizedGainLossOnFfaDerivatives_2" xlink:label="label_UnrealizedGainLossOnFfaDerivatives_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnrealizedGainLossOnFfaDerivatives" xlink:type="resource" xml:lang="en-US">Unrealized Gain Loss On Ffa Derivatives</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnrealizedGainLossOnFfaDerivatives" xlink:title="label: UnrealizedGainLossOnFfaDerivatives to label_UnrealizedGainLossOnFfaDerivatives" xlink:to="label_UnrealizedGainLossOnFfaDerivatives_2" xlink:type="arc"/>
    <label id="label_UnrealizedGainLossOnFfaDerivatives_3" xlink:label="label_UnrealizedGainLossOnFfaDerivatives_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UnrealizedGainLossOnFfaDerivatives" xlink:type="resource" xml:lang="en-US">Unrealized loss on FFA derivatives</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnrealizedGainLossOnFfaDerivatives" xlink:title="label: UnrealizedGainLossOnFfaDerivatives to label_UnrealizedGainLossOnFfaDerivatives" xlink:to="label_UnrealizedGainLossOnFfaDerivatives_3" xlink:type="arc"/>
    <label id="label_UnrealizedGainLossOnFfaDerivatives_4" xlink:label="label_UnrealizedGainLossOnFfaDerivatives_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_UnrealizedGainLossOnFfaDerivatives" xlink:type="resource" xml:lang="en-US">Net unrealized (losses)/gains on FFAs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnrealizedGainLossOnFfaDerivatives" xlink:title="label: UnrealizedGainLossOnFfaDerivatives to label_UnrealizedGainLossOnFfaDerivatives" xlink:to="label_UnrealizedGainLossOnFfaDerivatives_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_UponOccurrenceOfCertainChangeOfControlEventsMember" xlink:label="UponOccurrenceOfCertainChangeOfControlEventsMember" xlink:title="UponOccurrenceOfCertainChangeOfControlEventsMember" xlink:type="locator"/>
    <label id="label_UponOccurrenceOfCertainChangeOfControlEventsMember" xlink:label="label_UponOccurrenceOfCertainChangeOfControlEventsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UponOccurrenceOfCertainChangeOfControlEventsMember" xlink:type="resource" xml:lang="en-US">Upon Occurrence Of Certain Change Of Control Events [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UponOccurrenceOfCertainChangeOfControlEventsMember" xlink:title="label: UponOccurrenceOfCertainChangeOfControlEventsMember to label_UponOccurrenceOfCertainChangeOfControlEventsMember" xlink:to="label_UponOccurrenceOfCertainChangeOfControlEventsMember" xlink:type="arc"/>
    <label id="label_UponOccurrenceOfCertainChangeOfControlEventsMember_2" xlink:label="label_UponOccurrenceOfCertainChangeOfControlEventsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UponOccurrenceOfCertainChangeOfControlEventsMember" xlink:type="resource" xml:lang="en-US">Upon occurrence of certain change of control events</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UponOccurrenceOfCertainChangeOfControlEventsMember" xlink:title="label: UponOccurrenceOfCertainChangeOfControlEventsMember to label_UponOccurrenceOfCertainChangeOfControlEventsMember" xlink:to="label_UponOccurrenceOfCertainChangeOfControlEventsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_UtilizationRateFleet" xlink:label="UtilizationRateFleet" xlink:title="UtilizationRateFleet" xlink:type="locator"/>
    <label id="label_UtilizationRateFleet" xlink:label="label_UtilizationRateFleet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UtilizationRateFleet" xlink:type="resource" xml:lang="en-US">Utilization rate of fleet based on the fleet's historical performance.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UtilizationRateFleet" xlink:title="label: UtilizationRateFleet to label_UtilizationRateFleet" xlink:to="label_UtilizationRateFleet" xlink:type="arc"/>
    <label id="label_UtilizationRateFleet_2" xlink:label="label_UtilizationRateFleet_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UtilizationRateFleet" xlink:type="resource" xml:lang="en-US">Utilization Rate Of Fleet</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UtilizationRateFleet" xlink:title="label: UtilizationRateFleet to label_UtilizationRateFleet" xlink:to="label_UtilizationRateFleet_2" xlink:type="arc"/>
    <label id="label_UtilizationRateFleet_3" xlink:label="label_UtilizationRateFleet_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UtilizationRateFleet" xlink:type="resource" xml:lang="en-US">Utilization rate of fleet</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UtilizationRateFleet" xlink:title="label: UtilizationRateFleet to label_UtilizationRateFleet" xlink:to="label_UtilizationRateFleet_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ValeMember" xlink:label="ValeMember" xlink:title="ValeMember" xlink:type="locator"/>
    <label id="label_ValeMember" xlink:label="label_ValeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ValeMember" xlink:type="resource" xml:lang="en-US">Vale [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValeMember" xlink:title="label: ValeMember to label_ValeMember" xlink:to="label_ValeMember" xlink:type="arc"/>
    <label id="label_ValeMember_2" xlink:label="label_ValeMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ValeMember" xlink:type="resource" xml:lang="en-US">Vale</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValeMember" xlink:title="label: ValeMember to label_ValeMember" xlink:to="label_ValeMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_VectorShippingCorporationMember" xlink:label="VectorShippingCorporationMember" xlink:title="VectorShippingCorporationMember" xlink:type="locator"/>
    <label id="label_VectorShippingCorporationMember" xlink:label="label_VectorShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VectorShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary Vector Shipping Corporation.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VectorShippingCorporationMember" xlink:title="label: VectorShippingCorporationMember to label_VectorShippingCorporationMember" xlink:to="label_VectorShippingCorporationMember" xlink:type="arc"/>
    <label id="label_VectorShippingCorporationMember_2" xlink:label="label_VectorShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VectorShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Vector Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VectorShippingCorporationMember" xlink:title="label: VectorShippingCorporationMember to label_VectorShippingCorporationMember" xlink:to="label_VectorShippingCorporationMember_2" xlink:type="arc"/>
    <label id="label_VectorShippingCorporationMember_3" xlink:label="label_VectorShippingCorporationMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VectorShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Vector Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VectorShippingCorporationMember" xlink:title="label: VectorShippingCorporationMember to label_VectorShippingCorporationMember" xlink:to="label_VectorShippingCorporationMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_VesselCapacity" xlink:label="VesselCapacity" xlink:title="VesselCapacity" xlink:type="locator"/>
    <label id="label_VesselCapacity" xlink:label="label_VesselCapacity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VesselCapacity" xlink:type="resource" xml:lang="en-US">The vessel's size in DWT.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselCapacity" xlink:title="label: VesselCapacity to label_VesselCapacity" xlink:to="label_VesselCapacity" xlink:type="arc"/>
    <label id="label_VesselCapacity_2" xlink:label="label_VesselCapacity_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VesselCapacity" xlink:type="resource" xml:lang="en-US">Vessel Capacity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselCapacity" xlink:title="label: VesselCapacity to label_VesselCapacity" xlink:to="label_VesselCapacity_2" xlink:type="arc"/>
    <label id="label_VesselCapacity_3" xlink:label="label_VesselCapacity_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VesselCapacity" xlink:type="resource" xml:lang="en-US">Vessel capacity in DWT</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselCapacity" xlink:title="label: VesselCapacity to label_VesselCapacity" xlink:to="label_VesselCapacity_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_VesselType" xlink:label="VesselType" xlink:title="VesselType" xlink:type="locator"/>
    <label id="label_VesselType" xlink:label="label_VesselType" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VesselType" xlink:type="resource" xml:lang="en-US">The type of vessel.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselType" xlink:title="label: VesselType to label_VesselType" xlink:to="label_VesselType" xlink:type="arc"/>
    <label id="label_VesselType_2" xlink:label="label_VesselType_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VesselType" xlink:type="resource" xml:lang="en-US">Vessel Type</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselType" xlink:title="label: VesselType to label_VesselType" xlink:to="label_VesselType_2" xlink:type="arc"/>
    <label id="label_VesselType_3" xlink:label="label_VesselType_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VesselType" xlink:type="resource" xml:lang="en-US">Vessel type</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselType" xlink:title="label: VesselType to label_VesselType" xlink:to="label_VesselType_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_VesselYearBuilt" xlink:label="VesselYearBuilt" xlink:title="VesselYearBuilt" xlink:type="locator"/>
    <label id="label_VesselYearBuilt" xlink:label="label_VesselYearBuilt" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VesselYearBuilt" xlink:type="resource" xml:lang="en-US">The year that the vessel was built.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselYearBuilt" xlink:title="label: VesselYearBuilt to label_VesselYearBuilt" xlink:to="label_VesselYearBuilt" xlink:type="arc"/>
    <label id="label_VesselYearBuilt_2" xlink:label="label_VesselYearBuilt_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VesselYearBuilt" xlink:type="resource" xml:lang="en-US">Vessel Year Built</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselYearBuilt" xlink:title="label: VesselYearBuilt to label_VesselYearBuilt" xlink:to="label_VesselYearBuilt_2" xlink:type="arc"/>
    <label id="label_VesselYearBuilt_3" xlink:label="label_VesselYearBuilt_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VesselYearBuilt" xlink:type="resource" xml:lang="en-US">Vessel year built</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselYearBuilt" xlink:title="label: VesselYearBuilt to label_VesselYearBuilt" xlink:to="label_VesselYearBuilt_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_Vessels2Member" xlink:label="Vessels2Member" xlink:title="Vessels2Member" xlink:type="locator"/>
    <label id="label_Vessels2Member" xlink:label="label_Vessels2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Vessels2Member" xlink:type="resource" xml:lang="en-US">Vessels2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Vessels2Member" xlink:title="label: Vessels2Member to label_Vessels2Member" xlink:to="label_Vessels2Member" xlink:type="arc"/>
    <label id="label_Vessels2Member_2" xlink:label="label_Vessels2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Vessels2Member" xlink:type="resource" xml:lang="en-US">Vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Vessels2Member" xlink:title="label: Vessels2Member to label_Vessels2Member" xlink:to="label_Vessels2Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_VesselsMember" xlink:label="VesselsMember" xlink:title="VesselsMember" xlink:type="locator"/>
    <label id="label_VesselsMember" xlink:label="label_VesselsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VesselsMember" xlink:type="resource" xml:lang="en-US">Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselsMember" xlink:title="label: VesselsMember to label_VesselsMember" xlink:to="label_VesselsMember" xlink:type="arc"/>
    <label id="label_VesselsMember_2" xlink:label="label_VesselsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VesselsMember" xlink:type="resource" xml:lang="en-US">Vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselsMember" xlink:title="label: VesselsMember to label_VesselsMember" xlink:to="label_VesselsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_VesselsPortTerminalsAndOtherFixedAssetsMember" xlink:label="VesselsPortTerminalsAndOtherFixedAssetsMember" xlink:title="VesselsPortTerminalsAndOtherFixedAssetsMember" xlink:type="locator"/>
    <label id="label_VesselsPortTerminalsAndOtherFixedAssetsMember" xlink:label="label_VesselsPortTerminalsAndOtherFixedAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VesselsPortTerminalsAndOtherFixedAssetsMember" xlink:type="resource" xml:lang="en-US">Vessels Port Terminals And Other Fixed Assets [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselsPortTerminalsAndOtherFixedAssetsMember" xlink:title="label: VesselsPortTerminalsAndOtherFixedAssetsMember to label_VesselsPortTerminalsAndOtherFixedAssetsMember" xlink:to="label_VesselsPortTerminalsAndOtherFixedAssetsMember" xlink:type="arc"/>
    <label id="label_VesselsPortTerminalsAndOtherFixedAssetsMember_2" xlink:label="label_VesselsPortTerminalsAndOtherFixedAssetsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VesselsPortTerminalsAndOtherFixedAssetsMember" xlink:type="resource" xml:lang="en-US">Vessels, Port Terminals and Other Fixed Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselsPortTerminalsAndOtherFixedAssetsMember" xlink:title="label: VesselsPortTerminalsAndOtherFixedAssetsMember to label_VesselsPortTerminalsAndOtherFixedAssetsMember" xlink:to="label_VesselsPortTerminalsAndOtherFixedAssetsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock" xlink:label="VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock" xlink:title="VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock" xlink:type="locator"/>
    <label id="label_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock" xlink:label="label_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock" xlink:type="resource" xml:lang="en-US">Tabular disclosure of the cost and accumulated depreciation transactions for vessels, port terminals, tanker vessels, barges, push boats and other fixed assets that are used in the normal conduct of business to produce goods and services and not intended for resale.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock" xlink:title="label: VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock to label_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock" xlink:to="label_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock" xlink:type="arc"/>
    <label id="label_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock_2" xlink:label="label_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock" xlink:type="resource" xml:lang="en-US">Vessels Port Terminals Tanker Vessels Barges Push Boats Other Fixed Assets [Table Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock" xlink:title="label: VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock to label_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock" xlink:to="label_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock_2" xlink:type="arc"/>
    <label id="label_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock_3" xlink:label="label_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock" xlink:type="resource" xml:lang="en-US">Total</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock" xlink:title="label: VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock to label_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock" xlink:to="label_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_VitolSAMember" xlink:label="VitolSAMember" xlink:title="VitolSAMember" xlink:type="locator"/>
    <label id="label_VitolSAMember" xlink:label="label_VitolSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VitolSAMember" xlink:type="resource" xml:lang="en-US">Vitol SA [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VitolSAMember" xlink:title="label: VitolSAMember to label_VitolSAMember" xlink:to="label_VitolSAMember" xlink:type="arc"/>
    <label id="label_VitolSAMember_2" xlink:label="label_VitolSAMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VitolSAMember" xlink:type="resource" xml:lang="en-US">Vitol S.A.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VitolSAMember" xlink:title="label: VitolSAMember to label_VitolSAMember" xlink:to="label_VitolSAMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_VlccAcquisition2Member" xlink:label="VlccAcquisition2Member" xlink:title="VlccAcquisition2Member" xlink:type="locator"/>
    <label id="label_VlccAcquisition2Member" xlink:label="label_VlccAcquisition2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VlccAcquisition2Member" xlink:type="resource" xml:lang="en-US">Vlcc Acquisition2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VlccAcquisition2Member" xlink:title="label: VlccAcquisition2Member to label_VlccAcquisition2Member" xlink:to="label_VlccAcquisition2Member" xlink:type="arc"/>
    <label id="label_VlccAcquisition2Member_2" xlink:label="label_VlccAcquisition2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VlccAcquisition2Member" xlink:type="resource" xml:lang="en-US">VLCC Acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VlccAcquisition2Member" xlink:title="label: VlccAcquisition2Member to label_VlccAcquisition2Member" xlink:to="label_VlccAcquisition2Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_VlccMember" xlink:label="VlccMember" xlink:title="VlccMember" xlink:type="locator"/>
    <label id="label_VlccMember" xlink:label="label_VlccMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VlccMember" xlink:type="resource" xml:lang="en-US">Vlcc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VlccMember" xlink:title="label: VlccMember to label_VlccMember" xlink:to="label_VlccMember" xlink:type="arc"/>
    <label id="label_VlccMember_2" xlink:label="label_VlccMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VlccMember" xlink:type="resource" xml:lang="en-US">VLCC vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VlccMember" xlink:title="label: VlccMember to label_VlccMember" xlink:to="label_VlccMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_VoyageExpenses" xlink:label="VoyageExpenses" xlink:title="VoyageExpenses" xlink:type="locator"/>
    <label id="label_VoyageExpenses" xlink:label="label_VoyageExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VoyageExpenses" xlink:type="resource" xml:lang="en-US">Costs relating to the voyages performed by the vessels and may include port expenses, canal dues, war risk insurances, fuel costs and other expenses, net of gains or losses from the sale of bunkers to charterers.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VoyageExpenses" xlink:title="label: VoyageExpenses to label_VoyageExpenses" xlink:to="label_VoyageExpenses" xlink:type="arc"/>
    <label id="label_VoyageExpenses_2" xlink:label="label_VoyageExpenses_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VoyageExpenses" xlink:type="resource" xml:lang="en-US">Voyage Expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VoyageExpenses" xlink:title="label: VoyageExpenses to label_VoyageExpenses" xlink:to="label_VoyageExpenses_2" xlink:type="arc"/>
    <label id="label_VoyageExpenses_3" xlink:label="label_VoyageExpenses_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VoyageExpenses" xlink:type="resource" xml:lang="en-US">Voyage expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VoyageExpenses" xlink:title="label: VoyageExpenses to label_VoyageExpenses" xlink:to="label_VoyageExpenses_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_WeightedAverageExercisePriceMember" xlink:label="WeightedAverageExercisePriceMember" xlink:title="WeightedAverageExercisePriceMember" xlink:type="locator"/>
    <label id="label_WeightedAverageExercisePriceMember" xlink:label="label_WeightedAverageExercisePriceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WeightedAverageExercisePriceMember" xlink:type="resource" xml:lang="en-US">Weighted Average Exercise Price [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageExercisePriceMember" xlink:title="label: WeightedAverageExercisePriceMember to label_WeightedAverageExercisePriceMember" xlink:to="label_WeightedAverageExercisePriceMember" xlink:type="arc"/>
    <label id="label_WeightedAverageExercisePriceMember_2" xlink:label="label_WeightedAverageExercisePriceMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WeightedAverageExercisePriceMember" xlink:type="resource" xml:lang="en-US">Weighted average exercise price</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageExercisePriceMember" xlink:title="label: WeightedAverageExercisePriceMember to label_WeightedAverageExercisePriceMember" xlink:to="label_WeightedAverageExercisePriceMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_WeightedAverageRemainingTermMember" xlink:label="WeightedAverageRemainingTermMember" xlink:title="WeightedAverageRemainingTermMember" xlink:type="locator"/>
    <label id="label_WeightedAverageRemainingTermMember" xlink:label="label_WeightedAverageRemainingTermMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WeightedAverageRemainingTermMember" xlink:type="resource" xml:lang="en-US">Weighted Average Remaining Term [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageRemainingTermMember" xlink:title="label: WeightedAverageRemainingTermMember to label_WeightedAverageRemainingTermMember" xlink:to="label_WeightedAverageRemainingTermMember" xlink:type="arc"/>
    <label id="label_WeightedAverageRemainingTermMember_2" xlink:label="label_WeightedAverageRemainingTermMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WeightedAverageRemainingTermMember" xlink:type="resource" xml:lang="en-US">Weighted average remaining term</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageRemainingTermMember" xlink:title="label: WeightedAverageRemainingTermMember to label_WeightedAverageRemainingTermMember" xlink:to="label_WeightedAverageRemainingTermMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_WhiteNarcissusMarineSaMember" xlink:label="WhiteNarcissusMarineSaMember" xlink:title="WhiteNarcissusMarineSaMember" xlink:type="locator"/>
    <label id="label_WhiteNarcissusMarineSaMember" xlink:label="label_WhiteNarcissusMarineSaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_WhiteNarcissusMarineSaMember" xlink:type="resource" xml:lang="en-US">Refers to the subsidiary White Narcissus Marine Sa.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WhiteNarcissusMarineSaMember" xlink:title="label: WhiteNarcissusMarineSaMember to label_WhiteNarcissusMarineSaMember" xlink:to="label_WhiteNarcissusMarineSaMember" xlink:type="arc"/>
    <label id="label_WhiteNarcissusMarineSaMember_2" xlink:label="label_WhiteNarcissusMarineSaMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WhiteNarcissusMarineSaMember" xlink:type="resource" xml:lang="en-US">White Narcissus Marine Sa [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WhiteNarcissusMarineSaMember" xlink:title="label: WhiteNarcissusMarineSaMember to label_WhiteNarcissusMarineSaMember" xlink:to="label_WhiteNarcissusMarineSaMember_2" xlink:type="arc"/>
    <label id="label_WhiteNarcissusMarineSaMember_3" xlink:label="label_WhiteNarcissusMarineSaMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WhiteNarcissusMarineSaMember" xlink:type="resource" xml:lang="en-US">White Narcissus Marine S.A.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WhiteNarcissusMarineSaMember" xlink:title="label: WhiteNarcissusMarineSaMember to label_WhiteNarcissusMarineSaMember" xlink:to="label_WhiteNarcissusMarineSaMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_WithinOtherExpenseMember" xlink:label="WithinOtherExpenseMember" xlink:title="WithinOtherExpenseMember" xlink:type="locator"/>
    <label id="label_WithinOtherExpenseMember" xlink:label="label_WithinOtherExpenseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WithinOtherExpenseMember" xlink:type="resource" xml:lang="en-US">Within Other Expense [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WithinOtherExpenseMember" xlink:title="label: WithinOtherExpenseMember to label_WithinOtherExpenseMember" xlink:to="label_WithinOtherExpenseMember" xlink:type="arc"/>
    <label id="label_WithinOtherExpenseMember_2" xlink:label="label_WithinOtherExpenseMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WithinOtherExpenseMember" xlink:type="resource" xml:lang="en-US">Within the caption of 'Other Expense'</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WithinOtherExpenseMember" xlink:title="label: WithinOtherExpenseMember to label_WithinOtherExpenseMember" xlink:to="label_WithinOtherExpenseMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_WithinOtherIncomeMember" xlink:label="WithinOtherIncomeMember" xlink:title="WithinOtherIncomeMember" xlink:type="locator"/>
    <label id="label_WithinOtherIncomeMember" xlink:label="label_WithinOtherIncomeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WithinOtherIncomeMember" xlink:type="resource" xml:lang="en-US">Within Other Income [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WithinOtherIncomeMember" xlink:title="label: WithinOtherIncomeMember to label_WithinOtherIncomeMember" xlink:to="label_WithinOtherIncomeMember" xlink:type="arc"/>
    <label id="label_WithinOtherIncomeMember_2" xlink:label="label_WithinOtherIncomeMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WithinOtherIncomeMember" xlink:type="resource" xml:lang="en-US">Within the caption of 'Other Income'</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WithinOtherIncomeMember" xlink:title="label: WithinOtherIncomeMember to label_WithinOtherIncomeMember" xlink:to="label_WithinOtherIncomeMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_WorkingCapitalAcquired" xlink:label="WorkingCapitalAcquired" xlink:title="WorkingCapitalAcquired" xlink:type="locator"/>
    <label id="label_WorkingCapitalAcquired" xlink:label="label_WorkingCapitalAcquired" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_WorkingCapitalAcquired" xlink:type="resource" xml:lang="en-US">Change in working capital of entity in noncash items.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WorkingCapitalAcquired" xlink:title="label: WorkingCapitalAcquired to label_WorkingCapitalAcquired" xlink:to="label_WorkingCapitalAcquired" xlink:type="arc"/>
    <label id="label_WorkingCapitalAcquired_2" xlink:label="label_WorkingCapitalAcquired_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WorkingCapitalAcquired" xlink:type="resource" xml:lang="en-US">Working Capital Acquired</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WorkingCapitalAcquired" xlink:title="label: WorkingCapitalAcquired to label_WorkingCapitalAcquired" xlink:to="label_WorkingCapitalAcquired_2" xlink:type="arc"/>
    <label id="label_WorkingCapitalAcquired_3" xlink:label="label_WorkingCapitalAcquired_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WorkingCapitalAcquired" xlink:type="resource" xml:lang="en-US">Working capital acquired</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WorkingCapitalAcquired" xlink:title="label: WorkingCapitalAcquired to label_WorkingCapitalAcquired" xlink:to="label_WorkingCapitalAcquired_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_YearBuilt" xlink:label="YearBuilt" xlink:title="YearBuilt" xlink:type="locator"/>
    <label id="label_YearBuilt" xlink:label="label_YearBuilt" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_YearBuilt" xlink:type="resource" xml:lang="en-US">The date the vessel was built.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="YearBuilt" xlink:title="label: YearBuilt to label_YearBuilt" xlink:to="label_YearBuilt" xlink:type="arc"/>
    <label id="label_YearBuilt_2" xlink:label="label_YearBuilt_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_YearBuilt" xlink:type="resource" xml:lang="en-US">Year Built</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="YearBuilt" xlink:title="label: YearBuilt to label_YearBuilt" xlink:to="label_YearBuilt_2" xlink:type="arc"/>
    <label id="label_YearBuilt_3" xlink:label="label_YearBuilt_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_YearBuilt" xlink:type="resource" xml:lang="en-US">Year built</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="YearBuilt" xlink:title="label: YearBuilt to label_YearBuilt" xlink:to="label_YearBuilt_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AboveMarketLeasesMember" xlink:label="AboveMarketLeasesMember" xlink:title="AboveMarketLeasesMember" xlink:type="locator"/>
    <label id="label_AboveMarketLeasesMember" xlink:label="label_AboveMarketLeasesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AboveMarketLeasesMember" xlink:type="resource" xml:lang="en-US">Above Market Leases [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AboveMarketLeasesMember" xlink:title="label: AboveMarketLeasesMember to label_AboveMarketLeasesMember" xlink:to="label_AboveMarketLeasesMember" xlink:type="arc"/>
    <label id="label_AboveMarketLeasesMember_2" xlink:label="label_AboveMarketLeasesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AboveMarketLeasesMember" xlink:type="resource" xml:lang="en-US">Favorable lease terms &#x2013; Navios Containers</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AboveMarketLeasesMember" xlink:title="label: AboveMarketLeasesMember to label_AboveMarketLeasesMember" xlink:to="label_AboveMarketLeasesMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="AccountingPoliciesAbstract" xlink:title="AccountingPoliciesAbstract" xlink:type="locator"/>
    <label id="label_AccountingPoliciesAbstract" xlink:label="label_AccountingPoliciesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountingPoliciesAbstract" xlink:type="resource" xml:lang="en-US">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountingPoliciesAbstract" xlink:title="label: AccountingPoliciesAbstract to label_AccountingPoliciesAbstract" xlink:to="label_AccountingPoliciesAbstract" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsAndNotesReceivableNetAbstract" xlink:label="AccountsAndNotesReceivableNetAbstract" xlink:title="AccountsAndNotesReceivableNetAbstract" xlink:type="locator"/>
    <label id="label_AccountsAndNotesReceivableNetAbstract" xlink:label="label_AccountsAndNotesReceivableNetAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountsAndNotesReceivableNetAbstract" xlink:type="resource" xml:lang="en-US">Accounts And Notes Receivable Net [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsAndNotesReceivableNetAbstract" xlink:title="label: AccountsAndNotesReceivableNetAbstract to label_AccountsAndNotesReceivableNetAbstract" xlink:to="label_AccountsAndNotesReceivableNetAbstract" xlink:type="arc"/>
    <label id="label_AccountsAndNotesReceivableNetAbstract_2" xlink:label="label_AccountsAndNotesReceivableNetAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccountsAndNotesReceivableNetAbstract" xlink:type="resource" xml:lang="en-US">Provisions for doubtful accounts</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsAndNotesReceivableNetAbstract" xlink:title="label: AccountsAndNotesReceivableNetAbstract to label_AccountsAndNotesReceivableNetAbstract" xlink:to="label_AccountsAndNotesReceivableNetAbstract_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock" xlink:label="AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock" xlink:title="AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock" xlink:type="locator"/>
    <label id="label_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock" xlink:label="label_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock" xlink:type="resource" xml:lang="en-US">Accounts Payable Accrued Liabilities And Other Liabilities Disclosure Current [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock" xlink:title="label: AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock to label_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock" xlink:to="label_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock" xlink:type="arc"/>
    <label id="label_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock_2" xlink:label="label_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock" xlink:type="resource" xml:lang="en-US">ACCRUED EXPENSES AND OTHER LIABILITIES</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock" xlink:title="label: AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock to label_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock" xlink:to="label_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsPayableCurrent" xlink:label="AccountsPayableCurrent" xlink:title="AccountsPayableCurrent" xlink:type="locator"/>
    <label id="label_AccountsPayableCurrent" xlink:label="label_AccountsPayableCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountsPayableCurrent" xlink:type="resource" xml:lang="en-US">Accounts payable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsPayableCurrent" xlink:title="label: AccountsPayableCurrent to label_AccountsPayableCurrent" xlink:to="label_AccountsPayableCurrent" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsPayableFairValueDisclosure" xlink:label="AccountsPayableFairValueDisclosure" xlink:title="AccountsPayableFairValueDisclosure" xlink:type="locator"/>
    <label id="label_AccountsPayableFairValueDisclosure" xlink:label="label_AccountsPayableFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountsPayableFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Accounts Payable Fair Value Disclosure</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsPayableFairValueDisclosure" xlink:title="label: AccountsPayableFairValueDisclosure to label_AccountsPayableFairValueDisclosure" xlink:to="label_AccountsPayableFairValueDisclosure" xlink:type="arc"/>
    <label id="label_AccountsPayableFairValueDisclosure_2" xlink:label="label_AccountsPayableFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccountsPayableFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Accounts payable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsPayableFairValueDisclosure" xlink:title="label: AccountsPayableFairValueDisclosure to label_AccountsPayableFairValueDisclosure" xlink:to="label_AccountsPayableFairValueDisclosure_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsPayableOtherCurrent" xlink:label="AccountsPayableOtherCurrent" xlink:title="AccountsPayableOtherCurrent" xlink:type="locator"/>
    <label id="label_AccountsPayableOtherCurrent" xlink:label="label_AccountsPayableOtherCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountsPayableOtherCurrent" xlink:type="resource" xml:lang="en-US">Accounts Payable Other Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsPayableOtherCurrent" xlink:title="label: AccountsPayableOtherCurrent to label_AccountsPayableOtherCurrent" xlink:to="label_AccountsPayableOtherCurrent" xlink:type="arc"/>
    <label id="label_AccountsPayableOtherCurrent_2" xlink:label="label_AccountsPayableOtherCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccountsPayableOtherCurrent" xlink:type="resource" xml:lang="en-US">Intercompany payables</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsPayableOtherCurrent" xlink:title="label: AccountsPayableOtherCurrent to label_AccountsPayableOtherCurrent" xlink:to="label_AccountsPayableOtherCurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsPayableRelatedPartiesCurrentAndNoncurrent" xlink:label="AccountsPayableRelatedPartiesCurrentAndNoncurrent" xlink:title="AccountsPayableRelatedPartiesCurrentAndNoncurrent" xlink:type="locator"/>
    <label id="label_AccountsPayableRelatedPartiesCurrentAndNoncurrent" xlink:label="label_AccountsPayableRelatedPartiesCurrentAndNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountsPayableRelatedPartiesCurrentAndNoncurrent" xlink:type="resource" xml:lang="en-US">Accounts Payable Related Parties Current And Noncurrent</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsPayableRelatedPartiesCurrentAndNoncurrent" xlink:title="label: AccountsPayableRelatedPartiesCurrentAndNoncurrent to label_AccountsPayableRelatedPartiesCurrentAndNoncurrent" xlink:to="label_AccountsPayableRelatedPartiesCurrentAndNoncurrent" xlink:type="arc"/>
    <label id="label_AccountsPayableRelatedPartiesCurrentAndNoncurrent_2" xlink:label="label_AccountsPayableRelatedPartiesCurrentAndNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccountsPayableRelatedPartiesCurrentAndNoncurrent" xlink:type="resource" xml:lang="en-US">Trade accounts payable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsPayableRelatedPartiesCurrentAndNoncurrent" xlink:title="label: AccountsPayableRelatedPartiesCurrentAndNoncurrent to label_AccountsPayableRelatedPartiesCurrentAndNoncurrent" xlink:to="label_AccountsPayableRelatedPartiesCurrentAndNoncurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsPayableRelatedPartiesCurrent" xlink:label="AccountsPayableRelatedPartiesCurrent" xlink:title="AccountsPayableRelatedPartiesCurrent" xlink:type="locator"/>
    <label id="label_AccountsPayableRelatedPartiesCurrent" xlink:label="label_AccountsPayableRelatedPartiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountsPayableRelatedPartiesCurrent" xlink:type="resource" xml:lang="en-US">Accounts Payable Related Parties Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsPayableRelatedPartiesCurrent" xlink:title="label: AccountsPayableRelatedPartiesCurrent to label_AccountsPayableRelatedPartiesCurrent" xlink:to="label_AccountsPayableRelatedPartiesCurrent" xlink:type="arc"/>
    <label id="label_AccountsPayableRelatedPartiesCurrent_2" xlink:label="label_AccountsPayableRelatedPartiesCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccountsPayableRelatedPartiesCurrent" xlink:type="resource" xml:lang="en-US">Intercompany payables</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsPayableRelatedPartiesCurrent" xlink:title="label: AccountsPayableRelatedPartiesCurrent to label_AccountsPayableRelatedPartiesCurrent" xlink:to="label_AccountsPayableRelatedPartiesCurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsPayableRelatedPartiesNoncurrent" xlink:label="AccountsPayableRelatedPartiesNoncurrent" xlink:title="AccountsPayableRelatedPartiesNoncurrent" xlink:type="locator"/>
    <label id="label_AccountsPayableRelatedPartiesNoncurrent_3" xlink:label="label_AccountsPayableRelatedPartiesNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountsPayableRelatedPartiesNoncurrent" xlink:type="resource" xml:lang="en-US">Long-term payable to affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsPayableRelatedPartiesNoncurrent" xlink:title="label: AccountsPayableRelatedPartiesNoncurrent to label_AccountsPayableRelatedPartiesNoncurrent" xlink:to="label_AccountsPayableRelatedPartiesNoncurrent" xlink:type="arc"/>
    <label id="label_AccountsPayableRelatedPartiesNoncurrent" xlink:label="label_AccountsPayableRelatedPartiesNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccountsPayableRelatedPartiesNoncurrent" xlink:type="resource" xml:lang="en-US">Long-term payable to affiliate companies - Book Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsPayableRelatedPartiesNoncurrent" xlink:title="label: AccountsPayableRelatedPartiesNoncurrent to label_AccountsPayableRelatedPartiesNoncurrent" xlink:to="label_AccountsPayableRelatedPartiesNoncurrent_2" xlink:type="arc"/>
    <label id="label_AccountsPayableRelatedPartiesNoncurrent_2" xlink:label="label_AccountsPayableRelatedPartiesNoncurrent_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AccountsPayableRelatedPartiesNoncurrent" xlink:type="resource" xml:lang="en-US">Long-term payable to affiliate companies - Book Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsPayableRelatedPartiesNoncurrent" xlink:title="label: AccountsPayableRelatedPartiesNoncurrent to label_AccountsPayableRelatedPartiesNoncurrent" xlink:to="label_AccountsPayableRelatedPartiesNoncurrent_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsReceivableFairValueDisclosure" xlink:label="AccountsReceivableFairValueDisclosure" xlink:title="AccountsReceivableFairValueDisclosure" xlink:type="locator"/>
    <label id="label_AccountsReceivableFairValueDisclosure" xlink:label="label_AccountsReceivableFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountsReceivableFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Accounts Receivable Fair Value Disclosure</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsReceivableFairValueDisclosure" xlink:title="label: AccountsReceivableFairValueDisclosure to label_AccountsReceivableFairValueDisclosure" xlink:to="label_AccountsReceivableFairValueDisclosure" xlink:type="arc"/>
    <label id="label_AccountsReceivableFairValueDisclosure_2" xlink:label="label_AccountsReceivableFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccountsReceivableFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Accounts receivable, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsReceivableFairValueDisclosure" xlink:title="label: AccountsReceivableFairValueDisclosure to label_AccountsReceivableFairValueDisclosure" xlink:to="label_AccountsReceivableFairValueDisclosure_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsReceivableGrossCurrent" xlink:label="AccountsReceivableGrossCurrent" xlink:title="AccountsReceivableGrossCurrent" xlink:type="locator"/>
    <label id="label_AccountsReceivableGrossCurrent" xlink:label="label_AccountsReceivableGrossCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountsReceivableGrossCurrent" xlink:type="resource" xml:lang="en-US">Accounts Receivable Gross Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsReceivableGrossCurrent" xlink:title="label: AccountsReceivableGrossCurrent to label_AccountsReceivableGrossCurrent" xlink:to="label_AccountsReceivableGrossCurrent" xlink:type="arc"/>
    <label id="label_AccountsReceivableGrossCurrent_2" xlink:label="label_AccountsReceivableGrossCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccountsReceivableGrossCurrent" xlink:type="resource" xml:lang="en-US">Accounts receivable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsReceivableGrossCurrent" xlink:title="label: AccountsReceivableGrossCurrent to label_AccountsReceivableGrossCurrent" xlink:to="label_AccountsReceivableGrossCurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="AccountsReceivableNetCurrent" xlink:title="AccountsReceivableNetCurrent" xlink:type="locator"/>
    <label id="label_AccountsReceivableNetCurrent" xlink:label="label_AccountsReceivableNetCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountsReceivableNetCurrent" xlink:type="resource" xml:lang="en-US">Accounts receivables, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsReceivableNetCurrent" xlink:title="label: AccountsReceivableNetCurrent to label_AccountsReceivableNetCurrent" xlink:to="label_AccountsReceivableNetCurrent" xlink:type="arc"/>
    <label id="label_AccountsReceivableNetCurrent_2" xlink:label="label_AccountsReceivableNetCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccountsReceivableNetCurrent" xlink:type="resource" xml:lang="en-US">Accounts receivable, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsReceivableNetCurrent" xlink:title="label: AccountsReceivableNetCurrent to label_AccountsReceivableNetCurrent" xlink:to="label_AccountsReceivableNetCurrent_2" xlink:type="arc"/>
    <label id="label_AccountsReceivableNetCurrent_3" xlink:label="label_AccountsReceivableNetCurrent_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_AccountsReceivableNetCurrent" xlink:type="resource" xml:lang="en-US">Accounts receivable, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsReceivableNetCurrent" xlink:title="label: AccountsReceivableNetCurrent to label_AccountsReceivableNetCurrent" xlink:to="label_AccountsReceivableNetCurrent_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsReceivableRelatedParties" xlink:label="AccountsReceivableRelatedParties" xlink:title="AccountsReceivableRelatedParties" xlink:type="locator"/>
    <label id="label_AccountsReceivableRelatedParties" xlink:label="label_AccountsReceivableRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountsReceivableRelatedParties" xlink:type="resource" xml:lang="en-US">Accounts Receivable Related Parties</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsReceivableRelatedParties" xlink:title="label: AccountsReceivableRelatedParties to label_AccountsReceivableRelatedParties" xlink:to="label_AccountsReceivableRelatedParties" xlink:type="arc"/>
    <label id="label_AccountsReceivableRelatedParties_2" xlink:label="label_AccountsReceivableRelatedParties_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccountsReceivableRelatedParties" xlink:type="resource" xml:lang="en-US">Intercompany receivables</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsReceivableRelatedParties" xlink:title="label: AccountsReceivableRelatedParties to label_AccountsReceivableRelatedParties" xlink:to="label_AccountsReceivableRelatedParties_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent" xlink:label="AccrualForTaxesOtherThanIncomeTaxesCurrent" xlink:title="AccrualForTaxesOtherThanIncomeTaxesCurrent" xlink:type="locator"/>
    <label id="label_AccrualForTaxesOtherThanIncomeTaxesCurrent" xlink:label="label_AccrualForTaxesOtherThanIncomeTaxesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccrualForTaxesOtherThanIncomeTaxesCurrent" xlink:type="resource" xml:lang="en-US">Accrual For Taxes Other Than Income Taxes Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccrualForTaxesOtherThanIncomeTaxesCurrent" xlink:title="label: AccrualForTaxesOtherThanIncomeTaxesCurrent to label_AccrualForTaxesOtherThanIncomeTaxesCurrent" xlink:to="label_AccrualForTaxesOtherThanIncomeTaxesCurrent" xlink:type="arc"/>
    <label id="label_AccrualForTaxesOtherThanIncomeTaxesCurrent_2" xlink:label="label_AccrualForTaxesOtherThanIncomeTaxesCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccrualForTaxesOtherThanIncomeTaxesCurrent" xlink:type="resource" xml:lang="en-US">Accrued taxes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccrualForTaxesOtherThanIncomeTaxesCurrent" xlink:title="label: AccrualForTaxesOtherThanIncomeTaxesCurrent to label_AccrualForTaxesOtherThanIncomeTaxesCurrent" xlink:to="label_AccrualForTaxesOtherThanIncomeTaxesCurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccruedLiabilitiesCurrent" xlink:label="AccruedLiabilitiesCurrent" xlink:title="AccruedLiabilitiesCurrent" xlink:type="locator"/>
    <label id="label_AccruedLiabilitiesCurrent" xlink:label="label_AccruedLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccruedLiabilitiesCurrent" xlink:type="resource" xml:lang="en-US">Accrued Liabilities Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedLiabilitiesCurrent" xlink:title="label: AccruedLiabilitiesCurrent to label_AccruedLiabilitiesCurrent" xlink:to="label_AccruedLiabilitiesCurrent" xlink:type="arc"/>
    <label id="label_AccruedLiabilitiesCurrent_2" xlink:label="label_AccruedLiabilitiesCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccruedLiabilitiesCurrent" xlink:type="resource" xml:lang="en-US">Accrued expenses and other liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedLiabilitiesCurrent" xlink:title="label: AccruedLiabilitiesCurrent to label_AccruedLiabilitiesCurrent" xlink:to="label_AccruedLiabilitiesCurrent_2" xlink:type="arc"/>
    <label id="label_AccruedLiabilitiesCurrent_3" xlink:label="label_AccruedLiabilitiesCurrent_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_AccruedLiabilitiesCurrent" xlink:type="resource" xml:lang="en-US">Total accrued expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedLiabilitiesCurrent" xlink:title="label: AccruedLiabilitiesCurrent to label_AccruedLiabilitiesCurrent" xlink:to="label_AccruedLiabilitiesCurrent_3" xlink:type="arc"/>
    <label id="label_AccruedLiabilitiesCurrent_4" xlink:label="label_AccruedLiabilitiesCurrent_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AccruedLiabilitiesCurrent" xlink:type="resource" xml:lang="en-US">Accrued expenses and other liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedLiabilitiesCurrent" xlink:title="label: AccruedLiabilitiesCurrent to label_AccruedLiabilitiesCurrent" xlink:to="label_AccruedLiabilitiesCurrent_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccruedProfessionalFeesCurrent" xlink:label="AccruedProfessionalFeesCurrent" xlink:title="AccruedProfessionalFeesCurrent" xlink:type="locator"/>
    <label id="label_AccruedProfessionalFeesCurrent" xlink:label="label_AccruedProfessionalFeesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccruedProfessionalFeesCurrent" xlink:type="resource" xml:lang="en-US">Accrued Professional Fees Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedProfessionalFeesCurrent" xlink:title="label: AccruedProfessionalFeesCurrent to label_AccruedProfessionalFeesCurrent" xlink:to="label_AccruedProfessionalFeesCurrent" xlink:type="arc"/>
    <label id="label_AccruedProfessionalFeesCurrent_2" xlink:label="label_AccruedProfessionalFeesCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccruedProfessionalFeesCurrent" xlink:type="resource" xml:lang="en-US">Professional fees</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedProfessionalFeesCurrent" xlink:title="label: AccruedProfessionalFeesCurrent to label_AccruedProfessionalFeesCurrent" xlink:to="label_AccruedProfessionalFeesCurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccruedSalariesCurrent" xlink:label="AccruedSalariesCurrent" xlink:title="AccruedSalariesCurrent" xlink:type="locator"/>
    <label id="label_AccruedSalariesCurrent" xlink:label="label_AccruedSalariesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccruedSalariesCurrent" xlink:type="resource" xml:lang="en-US">Accrued Salaries Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedSalariesCurrent" xlink:title="label: AccruedSalariesCurrent to label_AccruedSalariesCurrent" xlink:to="label_AccruedSalariesCurrent" xlink:type="arc"/>
    <label id="label_AccruedSalariesCurrent_2" xlink:label="label_AccruedSalariesCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccruedSalariesCurrent" xlink:type="resource" xml:lang="en-US">Payroll</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedSalariesCurrent" xlink:title="label: AccruedSalariesCurrent to label_AccruedSalariesCurrent" xlink:to="label_AccruedSalariesCurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedCapitalizedInterestCosts" xlink:label="AccumulatedCapitalizedInterestCosts" xlink:title="AccumulatedCapitalizedInterestCosts" xlink:type="locator"/>
    <label id="label_AccumulatedCapitalizedInterestCosts" xlink:label="label_AccumulatedCapitalizedInterestCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedCapitalizedInterestCosts" xlink:type="resource" xml:lang="en-US">Accumulated Capitalized Interest Costs</label>
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    <label id="label_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="label_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income Loss Net Of Tax</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AcquiredFiniteLivedIntangibleAssetsLineItems" xlink:label="AcquiredFiniteLivedIntangibleAssetsLineItems" xlink:title="AcquiredFiniteLivedIntangibleAssetsLineItems" xlink:type="locator"/>
    <label id="label_AcquiredFiniteLivedIntangibleAssetsLineItems" xlink:label="label_AcquiredFiniteLivedIntangibleAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AcquiredFiniteLivedIntangibleAssetsLineItems" xlink:type="resource" xml:lang="en-US">Acquired Finite Lived Intangible Assets [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquiredFiniteLivedIntangibleAssetsLineItems" xlink:title="label: AcquiredFiniteLivedIntangibleAssetsLineItems to label_AcquiredFiniteLivedIntangibleAssetsLineItems" xlink:to="label_AcquiredFiniteLivedIntangibleAssetsLineItems" xlink:type="arc"/>
    <label id="label_AcquiredFiniteLivedIntangibleAssetsLineItems_2" xlink:label="label_AcquiredFiniteLivedIntangibleAssetsLineItems_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AcquiredFiniteLivedIntangibleAssetsLineItems" xlink:type="resource" xml:lang="en-US">Acquired Finite Lived Intangible Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquiredFiniteLivedIntangibleAssetsLineItems" xlink:title="label: AcquiredFiniteLivedIntangibleAssetsLineItems to label_AcquiredFiniteLivedIntangibleAssetsLineItems" xlink:to="label_AcquiredFiniteLivedIntangibleAssetsLineItems_2" xlink:type="arc"/>
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    <label id="label_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife" xlink:label="label_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife" xlink:type="resource" xml:lang="en-US">Acquired Finite Lived Intangible Assets Weighted Average Useful Life</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife" xlink:title="label: AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife to label_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife" xlink:to="label_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AcquisitionCostsCumulative" xlink:label="AcquisitionCostsCumulative" xlink:title="AcquisitionCostsCumulative" xlink:type="locator"/>
    <label id="label_AcquisitionCostsCumulative" xlink:label="label_AcquisitionCostsCumulative" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AcquisitionCostsCumulative" xlink:type="resource" xml:lang="en-US">Acquisition Costs, Cumulative</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionCostsCumulative" xlink:title="label: AcquisitionCostsCumulative to label_AcquisitionCostsCumulative" xlink:to="label_AcquisitionCostsCumulative" xlink:type="arc"/>
    <label id="label_AcquisitionCostsCumulative_2" xlink:label="label_AcquisitionCostsCumulative_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AcquisitionCostsCumulative" xlink:type="resource" xml:lang="en-US">Transportation and other acquisition costs</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AcquisitionCosts" xlink:label="AcquisitionCosts" xlink:title="AcquisitionCosts" xlink:type="locator"/>
    <label id="label_AcquisitionCosts" xlink:label="label_AcquisitionCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AcquisitionCosts" xlink:type="resource" xml:lang="en-US">Acquisition Costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionCosts" xlink:title="label: AcquisitionCosts to label_AcquisitionCosts" xlink:to="label_AcquisitionCosts" xlink:type="arc"/>
    <label id="label_AcquisitionCosts_2" xlink:label="label_AcquisitionCosts_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AcquisitionCosts" xlink:type="resource" xml:lang="en-US">Transportation and other related costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionCosts" xlink:title="label: AcquisitionCosts to label_AcquisitionCosts" xlink:to="label_AcquisitionCosts_2" xlink:type="arc"/>
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    <label id="label_AdditionalFinancialInformationDisclosureTextBlock" xlink:label="label_AdditionalFinancialInformationDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalFinancialInformationDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">Additional Financial Information Disclosure [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalFinancialInformationDisclosureTextBlock" xlink:title="label: AdditionalFinancialInformationDisclosureTextBlock to label_AdditionalFinancialInformationDisclosureTextBlock" xlink:to="label_AdditionalFinancialInformationDisclosureTextBlock" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="AdditionalPaidInCapitalMember" xlink:title="AdditionalPaidInCapitalMember" xlink:type="locator"/>
    <label id="label_AdditionalPaidInCapitalMember" xlink:label="label_AdditionalPaidInCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalPaidInCapitalMember" xlink:type="resource" xml:lang="en-US">Additional Paid In Capital [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalPaidInCapitalMember" xlink:title="label: AdditionalPaidInCapitalMember to label_AdditionalPaidInCapitalMember" xlink:to="label_AdditionalPaidInCapitalMember" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="AdditionalPaidInCapital" xlink:title="AdditionalPaidInCapital" xlink:type="locator"/>
    <label id="label_AdditionalPaidInCapital" xlink:label="label_AdditionalPaidInCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalPaidInCapital" xlink:type="resource" xml:lang="en-US">Contributed capital</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalPaidInCapital" xlink:title="label: AdditionalPaidInCapital to label_AdditionalPaidInCapital" xlink:to="label_AdditionalPaidInCapital" xlink:type="arc"/>
    <label id="label_AdditionalPaidInCapital_2" xlink:label="label_AdditionalPaidInCapital_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AdditionalPaidInCapital" xlink:type="resource" xml:lang="en-US">Additional paid-in capital</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalPaidInCapital" xlink:title="label: AdditionalPaidInCapital to label_AdditionalPaidInCapital" xlink:to="label_AdditionalPaidInCapital_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsForChangeInAccountingPrincipleAxis" xlink:label="AdjustmentsForChangeInAccountingPrincipleAxis" xlink:title="AdjustmentsForChangeInAccountingPrincipleAxis" xlink:type="locator"/>
    <label id="label_AdjustmentsForChangeInAccountingPrincipleAxis" xlink:label="label_AdjustmentsForChangeInAccountingPrincipleAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForChangeInAccountingPrincipleAxis" xlink:type="resource" xml:lang="en-US">Adjustments for Change in Accounting Principle [Axis]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:label="AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:title="AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:type="locator"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:title="AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="locator"/>
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    <label id="label_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:label="label_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:type="resource" xml:lang="en-US">Allowance For Doubtful Accounts Receivable Current</label>
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    <label id="label_AllowanceForDoubtfulAccountsReceivableRecoveries" xlink:label="label_AllowanceForDoubtfulAccountsReceivableRecoveries" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllowanceForDoubtfulAccountsReceivableRecoveries" xlink:type="resource" xml:lang="en-US">Allowance For Doubtful Accounts Receivable Recoveries</label>
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    <label id="label_AllowanceForDoubtfulAccountsReceivableWriteOffs" xlink:label="label_AllowanceForDoubtfulAccountsReceivableWriteOffs" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllowanceForDoubtfulAccountsReceivableWriteOffs" xlink:type="resource" xml:lang="en-US">Allowance for Doubtful Accounts Receivable, Write-offs</label>
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    <label id="label_AmortizationOfDebtDiscountPremium" xlink:label="label_AmortizationOfDebtDiscountPremium" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmortizationOfDebtDiscountPremium" xlink:type="resource" xml:lang="en-US">AmortizationOfDebtDiscountPremium</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetUnderConstructionMember" xlink:label="AssetUnderConstructionMember" xlink:title="AssetUnderConstructionMember" xlink:type="locator"/>
    <label id="label_AssetUnderConstructionMember" xlink:label="label_AssetUnderConstructionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetUnderConstructionMember" xlink:type="resource" xml:lang="en-US">Asset Under Construction [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetUnderConstructionMember" xlink:title="label: AssetUnderConstructionMember to label_AssetUnderConstructionMember" xlink:to="label_AssetUnderConstructionMember" xlink:type="arc"/>
    <label id="label_AssetUnderConstructionMember_2" xlink:label="label_AssetUnderConstructionMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AssetUnderConstructionMember" xlink:type="resource" xml:lang="en-US">Charter-in vessels to be delivered</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetUnderConstructionMember" xlink:title="label: AssetUnderConstructionMember to label_AssetUnderConstructionMember" xlink:to="label_AssetUnderConstructionMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="AssetsAbstract" xlink:title="AssetsAbstract" xlink:type="locator"/>
    <label id="label_AssetsAbstract" xlink:label="label_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsAbstract" xlink:type="resource" xml:lang="en-US">ASSETS [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsAbstract" xlink:title="label: AssetsAbstract to label_AssetsAbstract" xlink:to="label_AssetsAbstract" xlink:type="arc"/>
    <label id="label_AssetsAbstract_2" xlink:label="label_AssetsAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AssetsAbstract" xlink:type="resource" xml:lang="en-US">ASSETS</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsAbstract" xlink:title="label: AssetsAbstract to label_AssetsAbstract" xlink:to="label_AssetsAbstract_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsCurrentAbstract" xlink:label="AssetsCurrentAbstract" xlink:title="AssetsCurrentAbstract" xlink:type="locator"/>
    <label id="label_AssetsCurrentAbstract_2" xlink:label="label_AssetsCurrentAbstract_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsCurrentAbstract" xlink:type="resource" xml:lang="en-US">Current assets [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsCurrentAbstract" xlink:title="label: AssetsCurrentAbstract to label_AssetsCurrentAbstract" xlink:to="label_AssetsCurrentAbstract_2" xlink:type="arc"/>
    <label id="label_AssetsCurrentAbstract_3" xlink:label="label_AssetsCurrentAbstract_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AssetsCurrentAbstract" xlink:type="resource" xml:lang="en-US">Current assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsCurrentAbstract" xlink:title="label: AssetsCurrentAbstract to label_AssetsCurrentAbstract" xlink:to="label_AssetsCurrentAbstract_3" xlink:type="arc"/>
    <label id="label_AssetsCurrentAbstract" xlink:label="label_AssetsCurrentAbstract" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AssetsCurrentAbstract" xlink:type="resource" xml:lang="en-US">Current assets:</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsCurrentAbstract" xlink:title="label: AssetsCurrentAbstract to label_AssetsCurrentAbstract" xlink:to="label_AssetsCurrentAbstract" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="AssetsCurrent" xlink:title="AssetsCurrent" xlink:type="locator"/>
    <label id="label_AssetsCurrent" xlink:label="label_AssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsCurrent" xlink:type="resource" xml:lang="en-US">Current assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsCurrent" xlink:title="label: AssetsCurrent to label_AssetsCurrent" xlink:to="label_AssetsCurrent" xlink:type="arc"/>
    <label id="label_AssetsCurrent_2" xlink:label="label_AssetsCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AssetsCurrent" xlink:type="resource" xml:lang="en-US">Current assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsCurrent" xlink:title="label: AssetsCurrent to label_AssetsCurrent" xlink:to="label_AssetsCurrent_2" xlink:type="arc"/>
    <label id="label_AssetsCurrent_3" xlink:label="label_AssetsCurrent_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_AssetsCurrent" xlink:type="resource" xml:lang="en-US">Total current assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsCurrent" xlink:title="label: AssetsCurrent to label_AssetsCurrent" xlink:to="label_AssetsCurrent_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsFairValueDisclosureAbstract" xlink:label="AssetsFairValueDisclosureAbstract" xlink:title="AssetsFairValueDisclosureAbstract" xlink:type="locator"/>
    <label id="label_AssetsFairValueDisclosureAbstract" xlink:label="label_AssetsFairValueDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsFairValueDisclosureAbstract" xlink:type="resource" xml:lang="en-US">Assets Fair Value Disclosure [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsFairValueDisclosureAbstract" xlink:title="label: AssetsFairValueDisclosureAbstract to label_AssetsFairValueDisclosureAbstract" xlink:to="label_AssetsFairValueDisclosureAbstract" xlink:type="arc"/>
    <label id="label_AssetsFairValueDisclosureAbstract_2" xlink:label="label_AssetsFairValueDisclosureAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AssetsFairValueDisclosureAbstract" xlink:type="resource" xml:lang="en-US">Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsFairValueDisclosureAbstract" xlink:title="label: AssetsFairValueDisclosureAbstract to label_AssetsFairValueDisclosureAbstract" xlink:to="label_AssetsFairValueDisclosureAbstract_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsNoncurrent" xlink:label="AssetsNoncurrent" xlink:title="AssetsNoncurrent" xlink:type="locator"/>
    <label id="label_AssetsNoncurrent" xlink:label="label_AssetsNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsNoncurrent" xlink:type="resource" xml:lang="en-US">Non-current assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsNoncurrent" xlink:title="label: AssetsNoncurrent to label_AssetsNoncurrent" xlink:to="label_AssetsNoncurrent" xlink:type="arc"/>
    <label id="label_AssetsNoncurrent_2" xlink:label="label_AssetsNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AssetsNoncurrent" xlink:type="resource" xml:lang="en-US">Non-current assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsNoncurrent" xlink:title="label: AssetsNoncurrent to label_AssetsNoncurrent" xlink:to="label_AssetsNoncurrent_2" xlink:type="arc"/>
    <label id="label_AssetsNoncurrent_3" xlink:label="label_AssetsNoncurrent_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_AssetsNoncurrent" xlink:type="resource" xml:lang="en-US">Total non-current assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsNoncurrent" xlink:title="label: AssetsNoncurrent to label_AssetsNoncurrent" xlink:to="label_AssetsNoncurrent_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Assets" xlink:label="Assets" xlink:title="Assets" xlink:type="locator"/>
    <label id="label_Assets" xlink:label="label_Assets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Assets" xlink:type="resource" xml:lang="en-US">Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Assets" xlink:title="label: Assets to label_Assets" xlink:to="label_Assets" xlink:type="arc"/>
    <label id="label_Assets_2" xlink:label="label_Assets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Assets" xlink:type="resource" xml:lang="en-US">Total assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Assets" xlink:title="label: Assets to label_Assets" xlink:to="label_Assets_2" xlink:type="arc"/>
    <label id="label_Assets_3" xlink:label="label_Assets_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Assets" xlink:type="resource" xml:lang="en-US">Total assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Assets" xlink:title="label: Assets to label_Assets" xlink:to="label_Assets_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesEquitySecuritiesNoncurrent" xlink:label="AvailableForSaleSecuritiesEquitySecuritiesNoncurrent" xlink:title="AvailableForSaleSecuritiesEquitySecuritiesNoncurrent" xlink:type="locator"/>
    <label id="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrent" xlink:label="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrent" xlink:type="resource" xml:lang="en-US">Investments in available-for-sale securities - Book Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesEquitySecuritiesNoncurrent" xlink:title="label: AvailableForSaleSecuritiesEquitySecuritiesNoncurrent to label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrent" xlink:to="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrent" xlink:type="arc"/>
    <label id="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrent_2" xlink:label="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrent" xlink:type="resource" xml:lang="en-US">Investments in available-for-sale securities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesEquitySecuritiesNoncurrent" xlink:title="label: AvailableForSaleSecuritiesEquitySecuritiesNoncurrent to label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrent" xlink:to="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrent_2" xlink:type="arc"/>
    <label id="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrent_3" xlink:label="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrent_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrent" xlink:type="resource" xml:lang="en-US">Investment in available-for-sale-securities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesEquitySecuritiesNoncurrent" xlink:title="label: AvailableForSaleSecuritiesEquitySecuritiesNoncurrent to label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrent" xlink:to="label_AvailableForSaleSecuritiesEquitySecuritiesNoncurrent_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossGainsDerivatives" xlink:label="AvailableForSaleSecuritiesGrossGainsDerivatives" xlink:title="AvailableForSaleSecuritiesGrossGainsDerivatives" xlink:type="locator"/>
    <label id="label_AvailableForSaleSecuritiesGrossGainsDerivatives" xlink:label="label_AvailableForSaleSecuritiesGrossGainsDerivatives" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AvailableForSaleSecuritiesGrossGainsDerivatives" xlink:type="resource" xml:lang="en-US">Available For Sale Securities Gross Gains Derivatives</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesGrossGainsDerivatives" xlink:title="label: AvailableForSaleSecuritiesGrossGainsDerivatives to label_AvailableForSaleSecuritiesGrossGainsDerivatives" xlink:to="label_AvailableForSaleSecuritiesGrossGainsDerivatives" xlink:type="arc"/>
    <label id="label_AvailableForSaleSecuritiesGrossGainsDerivatives_2" xlink:label="label_AvailableForSaleSecuritiesGrossGainsDerivatives_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AvailableForSaleSecuritiesGrossGainsDerivatives" xlink:type="resource" xml:lang="en-US">Unrealized holding (loss)/gain on investments in-available-for-sale securities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesGrossGainsDerivatives" xlink:title="label: AvailableForSaleSecuritiesGrossGainsDerivatives to label_AvailableForSaleSecuritiesGrossGainsDerivatives" xlink:to="label_AvailableForSaleSecuritiesGrossGainsDerivatives_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesTextBlock" xlink:label="AvailableForSaleSecuritiesTextBlock" xlink:title="AvailableForSaleSecuritiesTextBlock" xlink:type="locator"/>
    <label id="label_AvailableForSaleSecuritiesTextBlock" xlink:label="label_AvailableForSaleSecuritiesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AvailableForSaleSecuritiesTextBlock" xlink:type="resource" xml:lang="en-US">INVESTMENT IN AVAILABLE FOR SALE SECURITIES [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesTextBlock" xlink:title="label: AvailableForSaleSecuritiesTextBlock to label_AvailableForSaleSecuritiesTextBlock" xlink:to="label_AvailableForSaleSecuritiesTextBlock" xlink:type="arc"/>
    <label id="label_AvailableForSaleSecuritiesTextBlock_2" xlink:label="label_AvailableForSaleSecuritiesTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AvailableForSaleSecuritiesTextBlock" xlink:type="resource" xml:lang="en-US">INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesTextBlock" xlink:title="label: AvailableForSaleSecuritiesTextBlock to label_AvailableForSaleSecuritiesTextBlock" xlink:to="label_AvailableForSaleSecuritiesTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="AwardTypeAxis" xlink:title="AwardTypeAxis" xlink:type="locator"/>
    <label id="label_AwardTypeAxis" xlink:label="label_AwardTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AwardTypeAxis" xlink:type="resource" xml:lang="en-US">Award Type [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AwardTypeAxis" xlink:title="label: AwardTypeAxis to label_AwardTypeAxis" xlink:to="label_AwardTypeAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:label="BalanceSheetLocationAxis" xlink:title="BalanceSheetLocationAxis" xlink:type="locator"/>
    <label id="label_BalanceSheetLocationAxis" xlink:label="label_BalanceSheetLocationAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BalanceSheetLocationAxis" xlink:type="resource" xml:lang="en-US">Balance Sheet Location [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BalanceSheetLocationAxis" xlink:title="label: BalanceSheetLocationAxis to label_BalanceSheetLocationAxis" xlink:to="label_BalanceSheetLocationAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="BalanceSheetLocationDomain" xlink:title="BalanceSheetLocationDomain" xlink:type="locator"/>
    <label id="label_BalanceSheetLocationDomain" xlink:label="label_BalanceSheetLocationDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BalanceSheetLocationDomain" xlink:type="resource" xml:lang="en-US">Balance Sheet Location [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BalanceSheetLocationDomain" xlink:title="label: BalanceSheetLocationDomain to label_BalanceSheetLocationDomain" xlink:to="label_BalanceSheetLocationDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:label="BasisOfAccountingPolicyPolicyTextBlock" xlink:title="BasisOfAccountingPolicyPolicyTextBlock" xlink:type="locator"/>
    <label id="label_BasisOfAccountingPolicyPolicyTextBlock" xlink:label="label_BasisOfAccountingPolicyPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BasisOfAccountingPolicyPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Description of Business [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasisOfAccountingPolicyPolicyTextBlock" xlink:title="label: BasisOfAccountingPolicyPolicyTextBlock to label_BasisOfAccountingPolicyPolicyTextBlock" xlink:to="label_BasisOfAccountingPolicyPolicyTextBlock" xlink:type="arc"/>
    <label id="label_BasisOfAccountingPolicyPolicyTextBlock_2" xlink:label="label_BasisOfAccountingPolicyPolicyTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BasisOfAccountingPolicyPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Basis of presentation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasisOfAccountingPolicyPolicyTextBlock" xlink:title="label: BasisOfAccountingPolicyPolicyTextBlock to label_BasisOfAccountingPolicyPolicyTextBlock" xlink:to="label_BasisOfAccountingPolicyPolicyTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BelowMarketLeaseNet" xlink:label="BelowMarketLeaseNet" xlink:title="BelowMarketLeaseNet" xlink:type="locator"/>
    <label id="label_BelowMarketLeaseNet" xlink:label="label_BelowMarketLeaseNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BelowMarketLeaseNet" xlink:type="resource" xml:lang="en-US">Below Market Lease Net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BelowMarketLeaseNet" xlink:title="label: BelowMarketLeaseNet to label_BelowMarketLeaseNet" xlink:to="label_BelowMarketLeaseNet" xlink:type="arc"/>
    <label id="label_BelowMarketLeaseNet_2" xlink:label="label_BelowMarketLeaseNet_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BelowMarketLeaseNet" xlink:type="resource" xml:lang="en-US">Unfavorable lease terms</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BelowMarketLeaseNet" xlink:title="label: BelowMarketLeaseNet to label_BelowMarketLeaseNet" xlink:to="label_BelowMarketLeaseNet_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BuildingMember" xlink:label="BuildingMember" xlink:title="BuildingMember" xlink:type="locator"/>
    <label id="label_BuildingMember_2" xlink:label="label_BuildingMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BuildingMember" xlink:type="resource" xml:lang="en-US">Office lease agreements</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BuildingMember" xlink:title="label: BuildingMember to label_BuildingMember" xlink:to="label_BuildingMember_2" xlink:type="arc"/>
    <label id="label_BuildingMember_3" xlink:label="label_BuildingMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BuildingMember" xlink:type="resource" xml:lang="en-US">Office space</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BuildingMember" xlink:title="label: BuildingMember to label_BuildingMember" xlink:to="label_BuildingMember_3" xlink:type="arc"/>
    <label id="label_BuildingMember" xlink:label="label_BuildingMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_BuildingMember" xlink:type="resource" xml:lang="en-US">Office rent agreements</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BuildingMember" xlink:title="label: BuildingMember to label_BuildingMember" xlink:to="label_BuildingMember" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="BusinessAcquisitionAcquireeDomain" xlink:title="BusinessAcquisitionAcquireeDomain" xlink:type="locator"/>
    <label id="label_BusinessAcquisitionAcquireeDomain" xlink:label="label_BusinessAcquisitionAcquireeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessAcquisitionAcquireeDomain" xlink:type="resource" xml:lang="en-US">Business Acquisition Acquiree [Domain]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesCurrent" xlink:label="CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesCurrent" xlink:title="CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesCurrent" xlink:type="locator"/>
    <label id="label_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesCurrent" xlink:label="label_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesCurrent" xlink:type="resource" xml:lang="en-US">Investments in leased assets</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:label="CarryingReportedAmountFairValueDisclosureMember" xlink:title="CarryingReportedAmountFairValueDisclosureMember" xlink:type="locator"/>
    <label id="label_CarryingReportedAmountFairValueDisclosureMember" xlink:label="label_CarryingReportedAmountFairValueDisclosureMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CarryingReportedAmountFairValueDisclosureMember" xlink:type="resource" xml:lang="en-US">Carrying Reported Amount Fair Value Disclosure [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CarryingReportedAmountFairValueDisclosureMember" xlink:title="label: CarryingReportedAmountFairValueDisclosureMember to label_CarryingReportedAmountFairValueDisclosureMember" xlink:to="label_CarryingReportedAmountFairValueDisclosureMember" xlink:type="arc"/>
    <label id="label_CarryingReportedAmountFairValueDisclosureMember_2" xlink:label="label_CarryingReportedAmountFairValueDisclosureMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CarryingReportedAmountFairValueDisclosureMember" xlink:type="resource" xml:lang="en-US">Book Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CarryingReportedAmountFairValueDisclosureMember" xlink:title="label: CarryingReportedAmountFairValueDisclosureMember to label_CarryingReportedAmountFairValueDisclosureMember" xlink:to="label_CarryingReportedAmountFairValueDisclosureMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAcquiredFromAcquisition" xlink:label="CashAcquiredFromAcquisition" xlink:title="CashAcquiredFromAcquisition" xlink:type="locator"/>
    <label id="label_CashAcquiredFromAcquisition" xlink:label="label_CashAcquiredFromAcquisition" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAcquiredFromAcquisition" xlink:type="resource" xml:lang="en-US">Cash Acquired From Acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAcquiredFromAcquisition" xlink:title="label: CashAcquiredFromAcquisition to label_CashAcquiredFromAcquisition" xlink:to="label_CashAcquiredFromAcquisition" xlink:type="arc"/>
    <label id="label_CashAcquiredFromAcquisition_2" xlink:label="label_CashAcquiredFromAcquisition_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CashAcquiredFromAcquisition" xlink:type="resource" xml:lang="en-US">Cash acquired upon obtaining control</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAcquiredFromAcquisition" xlink:title="label: CashAcquiredFromAcquisition to label_CashAcquiredFromAcquisition" xlink:to="label_CashAcquiredFromAcquisition_2" xlink:type="arc"/>
    <label id="label_CashAcquiredFromAcquisition_3" xlink:label="label_CashAcquiredFromAcquisition_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CashAcquiredFromAcquisition" xlink:type="resource" xml:lang="en-US">Cash acquired upon obtaining control</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAcquiredFromAcquisition" xlink:title="label: CashAcquiredFromAcquisition to label_CashAcquiredFromAcquisition" xlink:to="label_CashAcquiredFromAcquisition_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsAbstract" xlink:label="CashAndCashEquivalentsAbstract" xlink:title="CashAndCashEquivalentsAbstract" xlink:type="locator"/>
    <label id="label_CashAndCashEquivalentsAbstract" xlink:label="label_CashAndCashEquivalentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalentsAbstract" xlink:type="resource" xml:lang="en-US">CASH AND CASH EQUIVALENTS AND RESTRICTED CASH [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsAbstract" xlink:title="label: CashAndCashEquivalentsAbstract to label_CashAndCashEquivalentsAbstract" xlink:to="label_CashAndCashEquivalentsAbstract" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="CashAndCashEquivalentsAtCarryingValue" xlink:title="CashAndCashEquivalentsAtCarryingValue" xlink:type="locator"/>
    <label id="label_CashAndCashEquivalentsAtCarryingValue" xlink:label="label_CashAndCashEquivalentsAtCarryingValue" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_CashAndCashEquivalentsAtCarryingValue" xlink:type="resource" xml:lang="en-US">ash and cash equivalents and restricted cash, end of period</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsAtCarryingValue" xlink:title="label: CashAndCashEquivalentsAtCarryingValue to label_CashAndCashEquivalentsAtCarryingValue" xlink:to="label_CashAndCashEquivalentsAtCarryingValue" xlink:type="arc"/>
    <label id="label_CashAndCashEquivalentsAtCarryingValue_2" xlink:label="label_CashAndCashEquivalentsAtCarryingValue_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_CashAndCashEquivalentsAtCarryingValue" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents and restricted cash, beginning of period</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsAtCarryingValue" xlink:title="label: CashAndCashEquivalentsAtCarryingValue to label_CashAndCashEquivalentsAtCarryingValue" xlink:to="label_CashAndCashEquivalentsAtCarryingValue_2" xlink:type="arc"/>
    <label id="label_CashAndCashEquivalentsAtCarryingValue_3" xlink:label="label_CashAndCashEquivalentsAtCarryingValue_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalentsAtCarryingValue" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsAtCarryingValue" xlink:title="label: CashAndCashEquivalentsAtCarryingValue to label_CashAndCashEquivalentsAtCarryingValue" xlink:to="label_CashAndCashEquivalentsAtCarryingValue_3" xlink:type="arc"/>
    <label id="label_CashAndCashEquivalentsAtCarryingValue_4" xlink:label="label_CashAndCashEquivalentsAtCarryingValue_4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashAndCashEquivalentsAtCarryingValue" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsAtCarryingValue" xlink:title="label: CashAndCashEquivalentsAtCarryingValue to label_CashAndCashEquivalentsAtCarryingValue" xlink:to="label_CashAndCashEquivalentsAtCarryingValue_4" xlink:type="arc"/>
    <label id="label_CashAndCashEquivalentsAtCarryingValue_5" xlink:label="label_CashAndCashEquivalentsAtCarryingValue_5" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CashAndCashEquivalentsAtCarryingValue" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents - Book Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsAtCarryingValue" xlink:title="label: CashAndCashEquivalentsAtCarryingValue to label_CashAndCashEquivalentsAtCarryingValue" xlink:to="label_CashAndCashEquivalentsAtCarryingValue_5" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsDisclosureTextBlock" xlink:label="CashAndCashEquivalentsDisclosureTextBlock" xlink:title="CashAndCashEquivalentsDisclosureTextBlock" xlink:type="locator"/>
    <label id="label_CashAndCashEquivalentsDisclosureTextBlock" xlink:label="label_CashAndCashEquivalentsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalentsDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">Cash And Cash Equivalents Disclosure [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsDisclosureTextBlock" xlink:title="label: CashAndCashEquivalentsDisclosureTextBlock to label_CashAndCashEquivalentsDisclosureTextBlock" xlink:to="label_CashAndCashEquivalentsDisclosureTextBlock" xlink:type="arc"/>
    <label id="label_CashAndCashEquivalentsDisclosureTextBlock_2" xlink:label="label_CashAndCashEquivalentsDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashAndCashEquivalentsDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">CASH AND CASH EQUIVALENTS AND RESTRICTED CASH</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsDisclosureTextBlock" xlink:title="label: CashAndCashEquivalentsDisclosureTextBlock to label_CashAndCashEquivalentsDisclosureTextBlock" xlink:to="label_CashAndCashEquivalentsDisclosureTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:label="CashAndCashEquivalentsFairValueDisclosure" xlink:title="CashAndCashEquivalentsFairValueDisclosure" xlink:type="locator"/>
    <label id="label_CashAndCashEquivalentsFairValueDisclosure" xlink:label="label_CashAndCashEquivalentsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalentsFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Cash And Cash Equivalents Fair Value Disclosure</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsFairValueDisclosure" xlink:title="label: CashAndCashEquivalentsFairValueDisclosure to label_CashAndCashEquivalentsFairValueDisclosure" xlink:to="label_CashAndCashEquivalentsFairValueDisclosure" xlink:type="arc"/>
    <label id="label_CashAndCashEquivalentsFairValueDisclosure_2" xlink:label="label_CashAndCashEquivalentsFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashAndCashEquivalentsFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsFairValueDisclosure" xlink:title="label: CashAndCashEquivalentsFairValueDisclosure to label_CashAndCashEquivalentsFairValueDisclosure" xlink:to="label_CashAndCashEquivalentsFairValueDisclosure_2" xlink:type="arc"/>
    <label id="label_CashAndCashEquivalentsFairValueDisclosure_3" xlink:label="label_CashAndCashEquivalentsFairValueDisclosure_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CashAndCashEquivalentsFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents - Fair Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsFairValueDisclosure" xlink:title="label: CashAndCashEquivalentsFairValueDisclosure to label_CashAndCashEquivalentsFairValueDisclosure" xlink:to="label_CashAndCashEquivalentsFairValueDisclosure_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:title="CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:type="locator"/>
    <label id="label_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="label_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:type="resource" xml:lang="en-US">Cash And Cash Equivalents Period Increase Decrease</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:title="label: CashAndCashEquivalentsPeriodIncreaseDecrease to label_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="label_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:type="arc"/>
    <label id="label_CashAndCashEquivalentsPeriodIncreaseDecrease_2" xlink:label="label_CashAndCashEquivalentsPeriodIncreaseDecrease_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:type="resource" xml:lang="en-US">Decrease in cash and cash equivalents and restricted cash</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:title="label: CashAndCashEquivalentsPeriodIncreaseDecrease to label_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="label_CashAndCashEquivalentsPeriodIncreaseDecrease_2" xlink:type="arc"/>
    <label id="label_CashAndCashEquivalentsPeriodIncreaseDecrease_3" xlink:label="label_CashAndCashEquivalentsPeriodIncreaseDecrease_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:type="resource" xml:lang="en-US">Increase/(decrease) in cash and cash equivalents</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:title="label: CashAndCashEquivalentsPeriodIncreaseDecrease to label_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="label_CashAndCashEquivalentsPeriodIncreaseDecrease_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:label="CashAndCashEquivalentsPolicyTextBlock" xlink:title="CashAndCashEquivalentsPolicyTextBlock" xlink:type="locator"/>
    <label id="label_CashAndCashEquivalentsPolicyTextBlock" xlink:label="label_CashAndCashEquivalentsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalentsPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsPolicyTextBlock" xlink:title="label: CashAndCashEquivalentsPolicyTextBlock to label_CashAndCashEquivalentsPolicyTextBlock" xlink:to="label_CashAndCashEquivalentsPolicyTextBlock" xlink:type="arc"/>
    <label id="label_CashAndCashEquivalentsPolicyTextBlock_2" xlink:label="label_CashAndCashEquivalentsPolicyTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashAndCashEquivalentsPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsPolicyTextBlock" xlink:title="label: CashAndCashEquivalentsPolicyTextBlock to label_CashAndCashEquivalentsPolicyTextBlock" xlink:to="label_CashAndCashEquivalentsPolicyTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:label="CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:title="CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:type="locator"/>
    <label id="label_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:label="label_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:type="resource" xml:lang="en-US">Restricted Cash [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:title="label: CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy to label_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:to="label_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:type="arc"/>
    <label id="label_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_2" xlink:label="label_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:type="resource" xml:lang="en-US">Restricted Cash</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:title="label: CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy to label_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:to="label_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy" xlink:label="CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy" xlink:title="CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy" xlink:type="locator"/>
    <label id="label_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy" xlink:label="label_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents [Policy Text Block] xxx</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy" xlink:title="label: CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy to label_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy" xlink:to="label_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy" xlink:type="arc"/>
    <label id="label_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy_2" xlink:label="label_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy" xlink:title="label: CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy to label_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy" xlink:to="label_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndDueFromBanks" xlink:label="CashAndDueFromBanks" xlink:title="CashAndDueFromBanks" xlink:type="locator"/>
    <label id="label_CashAndDueFromBanks" xlink:label="label_CashAndDueFromBanks" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndDueFromBanks" xlink:type="resource" xml:lang="en-US">Cash And Due From Banks</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndDueFromBanks" xlink:title="label: CashAndDueFromBanks to label_CashAndDueFromBanks" xlink:to="label_CashAndDueFromBanks" xlink:type="arc"/>
    <label id="label_CashAndDueFromBanks_2" xlink:label="label_CashAndDueFromBanks_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashAndDueFromBanks" xlink:type="resource" xml:lang="en-US">Cash on hand and at banks</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndDueFromBanks" xlink:title="label: CashAndDueFromBanks to label_CashAndDueFromBanks" xlink:to="label_CashAndDueFromBanks_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashDivestedFromDeconsolidation" xlink:label="CashDivestedFromDeconsolidation" xlink:title="CashDivestedFromDeconsolidation" xlink:type="locator"/>
    <label id="label_CashDivestedFromDeconsolidation" xlink:label="label_CashDivestedFromDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashDivestedFromDeconsolidation" xlink:type="resource" xml:lang="en-US">Deconsolidation of Navios Acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashDivestedFromDeconsolidation" xlink:title="label: CashDivestedFromDeconsolidation to label_CashDivestedFromDeconsolidation" xlink:to="label_CashDivestedFromDeconsolidation" xlink:type="arc"/>
    <label id="label_CashDivestedFromDeconsolidation_2" xlink:label="label_CashDivestedFromDeconsolidation_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CashDivestedFromDeconsolidation" xlink:type="resource" xml:lang="en-US">Deconsolidation of Navios Acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashDivestedFromDeconsolidation" xlink:title="label: CashDivestedFromDeconsolidation to label_CashDivestedFromDeconsolidation" xlink:to="label_CashDivestedFromDeconsolidation_2" xlink:type="arc"/>
    <label id="label_CashDivestedFromDeconsolidation_3" xlink:label="label_CashDivestedFromDeconsolidation_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashDivestedFromDeconsolidation" xlink:type="resource" xml:lang="en-US">Impact to cash from deconsolidation/sale of business</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashDivestedFromDeconsolidation" xlink:title="label: CashDivestedFromDeconsolidation to label_CashDivestedFromDeconsolidation" xlink:to="label_CashDivestedFromDeconsolidation_3" xlink:type="arc"/>
    <label id="label_CashDivestedFromDeconsolidation_4" xlink:label="label_CashDivestedFromDeconsolidation_4" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_CashDivestedFromDeconsolidation" xlink:type="resource" xml:lang="en-US">Impact to cash from deconsolidation/sale of business</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashDivestedFromDeconsolidation" xlink:title="label: CashDivestedFromDeconsolidation to label_CashDivestedFromDeconsolidation" xlink:to="label_CashDivestedFromDeconsolidation_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:label="CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:title="CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:type="locator"/>
    <label id="label_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries_2" xlink:label="label_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:type="resource" xml:lang="en-US">Cash Dividends Paid To Parent Company By Consolidated Subsidiaries</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:title="label: CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries to label_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:to="label_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries_2" xlink:type="arc"/>
    <label id="label_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries_3" xlink:label="label_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:type="resource" xml:lang="en-US">Dividends from affiliates/associates</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:title="label: CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries to label_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:to="label_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries_3" xlink:type="arc"/>
    <label id="label_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:label="label_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:type="resource" xml:lang="en-US">Dividends paid to Navios Holdings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:title="label: CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries to label_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:to="label_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashEquivalentsAtCarryingValue" xlink:label="CashEquivalentsAtCarryingValue" xlink:title="CashEquivalentsAtCarryingValue" xlink:type="locator"/>
    <label id="label_CashEquivalentsAtCarryingValue" xlink:label="label_CashEquivalentsAtCarryingValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashEquivalentsAtCarryingValue" xlink:type="resource" xml:lang="en-US">Cash Equivalents At Carrying Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashEquivalentsAtCarryingValue" xlink:title="label: CashEquivalentsAtCarryingValue to label_CashEquivalentsAtCarryingValue" xlink:to="label_CashEquivalentsAtCarryingValue" xlink:type="arc"/>
    <label id="label_CashEquivalentsAtCarryingValue_2" xlink:label="label_CashEquivalentsAtCarryingValue_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashEquivalentsAtCarryingValue" xlink:type="resource" xml:lang="en-US">Short-term deposits and highly liquid funds</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashEquivalentsAtCarryingValue" xlink:title="label: CashEquivalentsAtCarryingValue to label_CashEquivalentsAtCarryingValue" xlink:to="label_CashEquivalentsAtCarryingValue_2" xlink:type="arc"/>
    <label id="label_CashEquivalentsAtCarryingValue_3" xlink:label="label_CashEquivalentsAtCarryingValue_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CashEquivalentsAtCarryingValue" xlink:type="resource" xml:lang="en-US">Cash on hand and at banks</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashEquivalentsAtCarryingValue" xlink:title="label: CashEquivalentsAtCarryingValue to label_CashEquivalentsAtCarryingValue" xlink:to="label_CashEquivalentsAtCarryingValue_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Cash" xlink:label="Cash" xlink:title="Cash" xlink:type="locator"/>
    <label id="label_Cash" xlink:label="label_Cash" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Cash" xlink:type="resource" xml:lang="en-US">Cash</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Cash" xlink:title="label: Cash to label_Cash" xlink:to="label_Cash" xlink:type="arc"/>
    <label id="label_Cash_2" xlink:label="label_Cash_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Cash" xlink:type="resource" xml:lang="en-US">Cash on hand and at banks</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Cash" xlink:title="label: Cash to label_Cash" xlink:to="label_Cash_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ChangeInAccountingPrincipleMember" xlink:label="ChangeInAccountingPrincipleMember" xlink:title="ChangeInAccountingPrincipleMember" xlink:type="locator"/>
    <label id="label_ChangeInAccountingPrincipleMember" xlink:label="label_ChangeInAccountingPrincipleMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChangeInAccountingPrincipleMember" xlink:type="resource" xml:lang="en-US">Adjustments for Change in Accounting Principle [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangeInAccountingPrincipleMember" xlink:title="label: ChangeInAccountingPrincipleMember to label_ChangeInAccountingPrincipleMember" xlink:to="label_ChangeInAccountingPrincipleMember" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="ClassOfStockDomain" xlink:title="ClassOfStockDomain" xlink:type="locator"/>
    <label id="label_ClassOfStockDomain" xlink:label="label_ClassOfStockDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassOfStockDomain" xlink:type="resource" xml:lang="en-US">Class of Stock [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassOfStockDomain" xlink:title="label: ClassOfStockDomain to label_ClassOfStockDomain" xlink:to="label_ClassOfStockDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CollateralAxis" xlink:label="CollateralAxis" xlink:title="CollateralAxis" xlink:type="locator"/>
    <label id="label_CollateralAxis" xlink:label="label_CollateralAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CollateralAxis" xlink:type="resource" xml:lang="en-US">Collateral [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CollateralAxis" xlink:title="label: CollateralAxis to label_CollateralAxis" xlink:to="label_CollateralAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CollateralDomain" xlink:label="CollateralDomain" xlink:title="CollateralDomain" xlink:type="locator"/>
    <label id="label_CollateralDomain" xlink:label="label_CollateralDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CollateralDomain" xlink:type="resource" xml:lang="en-US">Collateral [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CollateralDomain" xlink:title="label: CollateralDomain to label_CollateralDomain" xlink:to="label_CollateralDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CollateralPledgedMember" xlink:label="CollateralPledgedMember" xlink:title="CollateralPledgedMember" xlink:type="locator"/>
    <label id="label_CollateralPledgedMember" xlink:label="label_CollateralPledgedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CollateralPledgedMember" xlink:type="resource" xml:lang="en-US">Collateral Pledged [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CollateralPledgedMember" xlink:title="label: CollateralPledgedMember to label_CollateralPledgedMember" xlink:to="label_CollateralPledgedMember" xlink:type="arc"/>
    <label id="label_CollateralPledgedMember_2" xlink:label="label_CollateralPledgedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CollateralPledgedMember" xlink:type="resource" xml:lang="en-US">Collateral pledged</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CollateralPledgedMember" xlink:title="label: CollateralPledgedMember to label_CollateralPledgedMember" xlink:to="label_CollateralPledgedMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CollectibilityOfReceivablesMember" xlink:label="CollectibilityOfReceivablesMember" xlink:title="CollectibilityOfReceivablesMember" xlink:type="locator"/>
    <label id="label_CollectibilityOfReceivablesMember" xlink:label="label_CollectibilityOfReceivablesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CollectibilityOfReceivablesMember" xlink:type="resource" xml:lang="en-US">Collectibility of Receivables [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CollectibilityOfReceivablesMember" xlink:title="label: CollectibilityOfReceivablesMember to label_CollectibilityOfReceivablesMember" xlink:to="label_CollectibilityOfReceivablesMember" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="CommitmentsAndContingenciesDisclosureAbstract" xlink:title="CommitmentsAndContingenciesDisclosureAbstract" xlink:type="locator"/>
    <label id="label_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="label_CommitmentsAndContingenciesDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommitmentsAndContingenciesDisclosureAbstract" xlink:type="resource" xml:lang="en-US">COMMITMENTS AND CONTINGENCIES [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommitmentsAndContingenciesDisclosureAbstract" xlink:title="label: CommitmentsAndContingenciesDisclosureAbstract to label_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="label_CommitmentsAndContingenciesDisclosureAbstract" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="CommitmentsAndContingenciesDisclosureTextBlock" xlink:title="CommitmentsAndContingenciesDisclosureTextBlock" xlink:type="locator"/>
    <label id="label_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="label_CommitmentsAndContingenciesDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommitmentsAndContingenciesDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">Commitments And Contingencies Disclosure [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommitmentsAndContingenciesDisclosureTextBlock" xlink:title="label: CommitmentsAndContingenciesDisclosureTextBlock to label_CommitmentsAndContingenciesDisclosureTextBlock" xlink:to="label_CommitmentsAndContingenciesDisclosureTextBlock" xlink:type="arc"/>
    <label id="label_CommitmentsAndContingenciesDisclosureTextBlock_2" xlink:label="label_CommitmentsAndContingenciesDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommitmentsAndContingenciesDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">COMMITMENTS AND CONTINGENCIES</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommitmentsAndContingenciesDisclosureTextBlock" xlink:title="label: CommitmentsAndContingenciesDisclosureTextBlock to label_CommitmentsAndContingenciesDisclosureTextBlock" xlink:to="label_CommitmentsAndContingenciesDisclosureTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommitmentsAndContingenciesPolicyTextBlock" xlink:label="CommitmentsAndContingenciesPolicyTextBlock" xlink:title="CommitmentsAndContingenciesPolicyTextBlock" xlink:type="locator"/>
    <label id="label_CommitmentsAndContingenciesPolicyTextBlock" xlink:label="label_CommitmentsAndContingenciesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommitmentsAndContingenciesPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Provisions [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommitmentsAndContingenciesPolicyTextBlock" xlink:title="label: CommitmentsAndContingenciesPolicyTextBlock to label_CommitmentsAndContingenciesPolicyTextBlock" xlink:to="label_CommitmentsAndContingenciesPolicyTextBlock" xlink:type="arc"/>
    <label id="label_CommitmentsAndContingenciesPolicyTextBlock_2" xlink:label="label_CommitmentsAndContingenciesPolicyTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommitmentsAndContingenciesPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Provisions</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommitmentsAndContingenciesPolicyTextBlock" xlink:title="label: CommitmentsAndContingenciesPolicyTextBlock to label_CommitmentsAndContingenciesPolicyTextBlock" xlink:to="label_CommitmentsAndContingenciesPolicyTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="CommitmentsAndContingencies" xlink:title="CommitmentsAndContingencies" xlink:type="locator"/>
    <label id="label_CommitmentsAndContingencies" xlink:label="label_CommitmentsAndContingencies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommitmentsAndContingencies" xlink:type="resource" xml:lang="en-US">Commitments and contingencies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommitmentsAndContingencies" xlink:title="label: CommitmentsAndContingencies to label_CommitmentsAndContingencies" xlink:to="label_CommitmentsAndContingencies" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:label="CommonStockDividendsPerShareDeclared" xlink:title="CommonStockDividendsPerShareDeclared" xlink:type="locator"/>
    <label id="label_CommonStockDividendsPerShareDeclared" xlink:label="label_CommonStockDividendsPerShareDeclared" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommonStockDividendsPerShareDeclared" xlink:type="resource" xml:lang="en-US">Common Stock Dividends Per Share Declared</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockDividendsPerShareDeclared" xlink:title="label: CommonStockDividendsPerShareDeclared to label_CommonStockDividendsPerShareDeclared" xlink:to="label_CommonStockDividendsPerShareDeclared" xlink:type="arc"/>
    <label id="label_CommonStockDividendsPerShareDeclared_2" xlink:label="label_CommonStockDividendsPerShareDeclared_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommonStockDividendsPerShareDeclared" xlink:type="resource" xml:lang="en-US">Common stock dividends per share declared</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockDividendsPerShareDeclared" xlink:title="label: CommonStockDividendsPerShareDeclared to label_CommonStockDividendsPerShareDeclared" xlink:to="label_CommonStockDividendsPerShareDeclared_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockMember" xlink:label="CommonStockMember" xlink:title="CommonStockMember" xlink:type="locator"/>
    <label id="label_CommonStockMember" xlink:label="label_CommonStockMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommonStockMember" xlink:type="resource" xml:lang="en-US">Common Stock [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockMember" xlink:title="label: CommonStockMember to label_CommonStockMember" xlink:to="label_CommonStockMember" xlink:type="arc"/>
    <label id="label_CommonStockMember_2" xlink:label="label_CommonStockMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommonStockMember" xlink:type="resource" xml:lang="en-US">Common Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockMember" xlink:title="label: CommonStockMember to label_CommonStockMember" xlink:to="label_CommonStockMember_2" xlink:type="arc"/>
    <label id="label_CommonStockMember_3" xlink:label="label_CommonStockMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CommonStockMember" xlink:type="resource" xml:lang="en-US">Common shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockMember" xlink:title="label: CommonStockMember to label_CommonStockMember" xlink:to="label_CommonStockMember_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockNoParValue" xlink:label="CommonStockNoParValue" xlink:title="CommonStockNoParValue" xlink:type="locator"/>
    <label id="label_CommonStockNoParValue" xlink:label="label_CommonStockNoParValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommonStockNoParValue" xlink:type="resource" xml:lang="en-US">Common Stock, No Par Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockNoParValue" xlink:title="label: CommonStockNoParValue to label_CommonStockNoParValue" xlink:to="label_CommonStockNoParValue" xlink:type="arc"/>
    <label id="label_CommonStockNoParValue_2" xlink:label="label_CommonStockNoParValue_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommonStockNoParValue" xlink:type="resource" xml:lang="en-US">Closing price of the common stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockNoParValue" xlink:title="label: CommonStockNoParValue to label_CommonStockNoParValue" xlink:to="label_CommonStockNoParValue_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="CommonStockParOrStatedValuePerShare" xlink:title="CommonStockParOrStatedValuePerShare" xlink:type="locator"/>
    <label id="label_CommonStockParOrStatedValuePerShare" xlink:label="label_CommonStockParOrStatedValuePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommonStockParOrStatedValuePerShare" xlink:type="resource" xml:lang="en-US">Common Stock Par Or Stated Value Per Share</label>
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    <label id="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent" xlink:label="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent" xlink:type="resource" xml:lang="en-US">Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Purchase Of Interest By Parent</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent" xlink:title="label: ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent to label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent" xlink:to="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent" xlink:type="arc"/>
    <label id="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent_2" xlink:label="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent" xlink:type="resource" xml:lang="en-US">Acquisition of noncontrolling interests of joint venture</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent" xlink:title="label: ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent to label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent" xlink:to="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent_2" xlink:type="arc"/>
    <label id="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent_3" xlink:label="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent" xlink:type="resource" xml:lang="en-US">Acquisition of noncontrolling interest (Note 21)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent" xlink:title="label: ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent to label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent" xlink:to="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary" xlink:label="ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary" xlink:title="ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary" xlink:type="locator"/>
    <label id="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary" xlink:label="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary" xlink:type="resource" xml:lang="en-US">Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Repurchase Of Shares By Subsidiary</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary" xlink:title="label: ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary to label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary" xlink:to="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary" xlink:type="arc"/>
    <label id="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary_2" xlink:label="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary" xlink:type="resource" xml:lang="en-US">Navios Logistics acquisition of noncontrolling interest (Note 21)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary" xlink:title="label: ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary to label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary" xlink:to="label_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="ConsolidationPolicyTextBlock" xlink:title="ConsolidationPolicyTextBlock" xlink:type="locator"/>
    <label id="label_ConsolidationPolicyTextBlock" xlink:label="label_ConsolidationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConsolidationPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Principles Of Consolidation [Policy Test Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsolidationPolicyTextBlock" xlink:title="label: ConsolidationPolicyTextBlock to label_ConsolidationPolicyTextBlock" xlink:to="label_ConsolidationPolicyTextBlock" xlink:type="arc"/>
    <label id="label_ConsolidationPolicyTextBlock_2" xlink:label="label_ConsolidationPolicyTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConsolidationPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Principles of Consolidation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsolidationPolicyTextBlock" xlink:title="label: ConsolidationPolicyTextBlock to label_ConsolidationPolicyTextBlock" xlink:to="label_ConsolidationPolicyTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConstructionInProgressGross" xlink:label="ConstructionInProgressGross" xlink:title="ConstructionInProgressGross" xlink:type="locator"/>
    <label id="label_ConstructionInProgressGross" xlink:label="label_ConstructionInProgressGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConstructionInProgressGross" xlink:type="resource" xml:lang="en-US">Construction In Progress Gross</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConstructionInProgressGross" xlink:title="label: ConstructionInProgressGross to label_ConstructionInProgressGross" xlink:to="label_ConstructionInProgressGross" xlink:type="arc"/>
    <label id="label_ConstructionInProgressGross_2" xlink:label="label_ConstructionInProgressGross_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConstructionInProgressGross" xlink:type="resource" xml:lang="en-US">Deposits for vessels, port terminals and other fixed assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConstructionInProgressGross" xlink:title="label: ConstructionInProgressGross to label_ConstructionInProgressGross" xlink:to="label_ConstructionInProgressGross_2" xlink:type="arc"/>
    <label id="label_ConstructionInProgressGross_3" xlink:label="label_ConstructionInProgressGross_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ConstructionInProgressGross" xlink:type="resource" xml:lang="en-US">Deposits for vessel acquisitions</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConstructionInProgressGross" xlink:title="label: ConstructionInProgressGross to label_ConstructionInProgressGross" xlink:to="label_ConstructionInProgressGross_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear" xlink:label="ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear" xlink:title="ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear" xlink:type="locator"/>
    <label id="label_ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear" xlink:label="label_ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear" xlink:type="resource" xml:lang="en-US">Contracts Receivable Claims And Uncertain Amounts Expected To Be Collected Within One Year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear" xlink:title="label: ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear to label_ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear" xlink:to="label_ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear" xlink:type="arc"/>
    <label id="label_ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear_2" xlink:label="label_ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear" xlink:type="resource" xml:lang="en-US">Claims receivable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear" xlink:title="label: ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear to label_ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear" xlink:to="label_ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ContractualObligationDueInNextTwelveMonths" xlink:label="ContractualObligationDueInNextTwelveMonths" xlink:title="ContractualObligationDueInNextTwelveMonths" xlink:type="locator"/>
    <label id="label_ContractualObligationDueInNextTwelveMonths_2" xlink:label="label_ContractualObligationDueInNextTwelveMonths_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContractualObligationDueInNextTwelveMonths" xlink:type="resource" xml:lang="en-US">Contractual Obligation Due In Next Twelve Months</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractualObligationDueInNextTwelveMonths" xlink:title="label: ContractualObligationDueInNextTwelveMonths to label_ContractualObligationDueInNextTwelveMonths" xlink:to="label_ContractualObligationDueInNextTwelveMonths_2" xlink:type="arc"/>
    <label id="label_ContractualObligationDueInNextTwelveMonths_3" xlink:label="label_ContractualObligationDueInNextTwelveMonths_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContractualObligationDueInNextTwelveMonths" xlink:type="resource" xml:lang="en-US">2016</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractualObligationDueInNextTwelveMonths" xlink:title="label: ContractualObligationDueInNextTwelveMonths to label_ContractualObligationDueInNextTwelveMonths" xlink:to="label_ContractualObligationDueInNextTwelveMonths_3" xlink:type="arc"/>
    <label id="label_ContractualObligationDueInNextTwelveMonths" xlink:label="label_ContractualObligationDueInNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ContractualObligationDueInNextTwelveMonths" xlink:type="resource" xml:lang="en-US">Contractual obligation next twelve months</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractualObligationDueInNextTwelveMonths" xlink:title="label: ContractualObligationDueInNextTwelveMonths to label_ContractualObligationDueInNextTwelveMonths" xlink:to="label_ContractualObligationDueInNextTwelveMonths" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ContractualObligationDueInSecondYear" xlink:label="ContractualObligationDueInSecondYear" xlink:title="ContractualObligationDueInSecondYear" xlink:type="locator"/>
    <label id="label_ContractualObligationDueInSecondYear" xlink:label="label_ContractualObligationDueInSecondYear" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContractualObligationDueInSecondYear" xlink:type="resource" xml:lang="en-US">Contractual Obligation Due In Second Year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractualObligationDueInSecondYear" xlink:title="label: ContractualObligationDueInSecondYear to label_ContractualObligationDueInSecondYear" xlink:to="label_ContractualObligationDueInSecondYear" xlink:type="arc"/>
    <label id="label_ContractualObligationDueInSecondYear_2" xlink:label="label_ContractualObligationDueInSecondYear_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContractualObligationDueInSecondYear" xlink:type="resource" xml:lang="en-US">2017</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractualObligationDueInSecondYear" xlink:title="label: ContractualObligationDueInSecondYear to label_ContractualObligationDueInSecondYear" xlink:to="label_ContractualObligationDueInSecondYear_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ContractualObligationDueInThirdYear" xlink:label="ContractualObligationDueInThirdYear" xlink:title="ContractualObligationDueInThirdYear" xlink:type="locator"/>
    <label id="label_ContractualObligationDueInThirdYear" xlink:label="label_ContractualObligationDueInThirdYear" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContractualObligationDueInThirdYear" xlink:type="resource" xml:lang="en-US">Contractual Obligation Due In Third Year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractualObligationDueInThirdYear" xlink:title="label: ContractualObligationDueInThirdYear to label_ContractualObligationDueInThirdYear" xlink:to="label_ContractualObligationDueInThirdYear" xlink:type="arc"/>
    <label id="label_ContractualObligationDueInThirdYear_2" xlink:label="label_ContractualObligationDueInThirdYear_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContractualObligationDueInThirdYear" xlink:type="resource" xml:lang="en-US">December 31, 2017</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractualObligationDueInThirdYear" xlink:title="label: ContractualObligationDueInThirdYear to label_ContractualObligationDueInThirdYear" xlink:to="label_ContractualObligationDueInThirdYear_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ContractualObligation" xlink:label="ContractualObligation" xlink:title="ContractualObligation" xlink:type="locator"/>
    <label id="label_ContractualObligation" xlink:label="label_ContractualObligation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContractualObligation" xlink:type="resource" xml:lang="en-US">Contractual Obligation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractualObligation" xlink:title="label: ContractualObligation to label_ContractualObligation" xlink:to="label_ContractualObligation" xlink:type="arc"/>
    <label id="label_ContractualObligation_2" xlink:label="label_ContractualObligation_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContractualObligation" xlink:type="resource" xml:lang="en-US">Total purchase price</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractualObligation" xlink:title="label: ContractualObligation to label_ContractualObligation" xlink:to="label_ContractualObligation_2" xlink:type="arc"/>
    <label id="label_ContractualObligation_3" xlink:label="label_ContractualObligation_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ContractualObligation" xlink:type="resource" xml:lang="en-US">Total</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractualObligation" xlink:title="label: ContractualObligation to label_ContractualObligation" xlink:to="label_ContractualObligation_3" xlink:type="arc"/>
    <label id="label_ContractualObligation_4" xlink:label="label_ContractualObligation_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ContractualObligation" xlink:type="resource" xml:lang="en-US">Contractual obligation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractualObligation" xlink:title="label: ContractualObligation to label_ContractualObligation" xlink:to="label_ContractualObligation_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConversionOfStockSharesConverted1" xlink:label="ConversionOfStockSharesConverted1" xlink:title="ConversionOfStockSharesConverted1" xlink:type="locator"/>
    <label id="label_ConversionOfStockSharesConverted1_2" xlink:label="label_ConversionOfStockSharesConverted1_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConversionOfStockSharesConverted1" xlink:type="resource" xml:lang="en-US">Conversion of Stock, Shares Converted</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConversionOfStockSharesConverted1" xlink:title="label: ConversionOfStockSharesConverted1 to label_ConversionOfStockSharesConverted1" xlink:to="label_ConversionOfStockSharesConverted1_2" xlink:type="arc"/>
    <label id="label_ConversionOfStockSharesConverted1_3" xlink:label="label_ConversionOfStockSharesConverted1_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConversionOfStockSharesConverted1" xlink:type="resource" xml:lang="en-US">Conversion of Stock, Shares converted</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConversionOfStockSharesConverted1" xlink:title="label: ConversionOfStockSharesConverted1 to label_ConversionOfStockSharesConverted1" xlink:to="label_ConversionOfStockSharesConverted1_3" xlink:type="arc"/>
    <label id="label_ConversionOfStockSharesConverted1_4" xlink:label="label_ConversionOfStockSharesConverted1_4" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_ConversionOfStockSharesConverted1" xlink:type="resource" xml:lang="en-US">Conversion of convertible preferred stock to common stock (Note 17), shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConversionOfStockSharesConverted1" xlink:title="label: ConversionOfStockSharesConverted1 to label_ConversionOfStockSharesConverted1" xlink:to="label_ConversionOfStockSharesConverted1_4" xlink:type="arc"/>
    <label id="label_ConversionOfStockSharesConverted1" xlink:label="label_ConversionOfStockSharesConverted1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ConversionOfStockSharesConverted1" xlink:type="resource" xml:lang="en-US">Conversion of Stock, Shares converted</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConversionOfStockSharesConverted1" xlink:title="label: ConversionOfStockSharesConverted1 to label_ConversionOfStockSharesConverted1" xlink:to="label_ConversionOfStockSharesConverted1" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConversionOfStockSharesIssued1" xlink:label="ConversionOfStockSharesIssued1" xlink:title="ConversionOfStockSharesIssued1" xlink:type="locator"/>
    <label id="label_ConversionOfStockSharesIssued1" xlink:label="label_ConversionOfStockSharesIssued1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConversionOfStockSharesIssued1" xlink:type="resource" xml:lang="en-US">Conversion of convertible preferred stock to common stock (Note 17), shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConversionOfStockSharesIssued1" xlink:title="label: ConversionOfStockSharesIssued1 to label_ConversionOfStockSharesIssued1" xlink:to="label_ConversionOfStockSharesIssued1" xlink:type="arc"/>
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    <label id="label_ConversionOfStockSharesIssued1_3" xlink:label="label_ConversionOfStockSharesIssued1_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ConversionOfStockSharesIssued1" xlink:type="resource" xml:lang="en-US">Conversion of Stock, Shares Converted</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConvertibleDebtMember" xlink:label="ConvertibleDebtMember" xlink:title="ConvertibleDebtMember" xlink:type="locator"/>
    <label id="label_ConvertibleDebtMember" xlink:label="label_ConvertibleDebtMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConvertibleDebtMember" xlink:type="resource" xml:lang="en-US">Convertible Debt [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertibleDebtMember" xlink:title="label: ConvertibleDebtMember to label_ConvertibleDebtMember" xlink:to="label_ConvertibleDebtMember" xlink:type="arc"/>
    <label id="label_ConvertibleDebtMember_2" xlink:label="label_ConvertibleDebtMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConvertibleDebtMember" xlink:type="resource" xml:lang="en-US">Convertible debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertibleDebtMember" xlink:title="label: ConvertibleDebtMember to label_ConvertibleDebtMember" xlink:to="label_ConvertibleDebtMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConvertiblePreferredStockConvertedToOtherSecurities" xlink:label="ConvertiblePreferredStockConvertedToOtherSecurities" xlink:title="ConvertiblePreferredStockConvertedToOtherSecurities" xlink:type="locator"/>
    <label id="label_ConvertiblePreferredStockConvertedToOtherSecurities_2" xlink:label="label_ConvertiblePreferredStockConvertedToOtherSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConvertiblePreferredStockConvertedToOtherSecurities" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock Converted To Other Securities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockConvertedToOtherSecurities" xlink:title="label: ConvertiblePreferredStockConvertedToOtherSecurities to label_ConvertiblePreferredStockConvertedToOtherSecurities" xlink:to="label_ConvertiblePreferredStockConvertedToOtherSecurities" xlink:type="arc"/>
    <label id="label_ConvertiblePreferredStockConvertedToOtherSecurities" xlink:label="label_ConvertiblePreferredStockConvertedToOtherSecurities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConvertiblePreferredStockConvertedToOtherSecurities" xlink:type="resource" xml:lang="en-US">Conversion of preferred stock to common stock (Note 16), values</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockConvertedToOtherSecurities" xlink:title="label: ConvertiblePreferredStockConvertedToOtherSecurities to label_ConvertiblePreferredStockConvertedToOtherSecurities" xlink:to="label_ConvertiblePreferredStockConvertedToOtherSecurities_2" xlink:type="arc"/>
    <label id="label_ConvertiblePreferredStockConvertedToOtherSecurities_3" xlink:label="label_ConvertiblePreferredStockConvertedToOtherSecurities_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ConvertiblePreferredStockConvertedToOtherSecurities" xlink:type="resource" xml:lang="en-US">Conversion of preferred stock to common stock (Note 16), values</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockConvertedToOtherSecurities" xlink:title="label: ConvertiblePreferredStockConvertedToOtherSecurities to label_ConvertiblePreferredStockConvertedToOtherSecurities" xlink:to="label_ConvertiblePreferredStockConvertedToOtherSecurities_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConvertiblePreferredStockMember" xlink:label="ConvertiblePreferredStockMember" xlink:title="ConvertiblePreferredStockMember" xlink:type="locator"/>
    <label id="label_ConvertiblePreferredStockMember" xlink:label="label_ConvertiblePreferredStockMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConvertiblePreferredStockMember" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockMember" xlink:title="label: ConvertiblePreferredStockMember to label_ConvertiblePreferredStockMember" xlink:to="label_ConvertiblePreferredStockMember" xlink:type="arc"/>
    <label id="label_ConvertiblePreferredStockMember_2" xlink:label="label_ConvertiblePreferredStockMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConvertiblePreferredStockMember" xlink:type="resource" xml:lang="en-US">Convertible preferred stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockMember" xlink:title="label: ConvertiblePreferredStockMember to label_ConvertiblePreferredStockMember" xlink:to="label_ConvertiblePreferredStockMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConvertiblePreferredStockSharesIssuedUponConversion" xlink:label="ConvertiblePreferredStockSharesIssuedUponConversion" xlink:title="ConvertiblePreferredStockSharesIssuedUponConversion" xlink:type="locator"/>
    <label id="label_ConvertiblePreferredStockSharesIssuedUponConversion" xlink:label="label_ConvertiblePreferredStockSharesIssuedUponConversion" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConvertiblePreferredStockSharesIssuedUponConversion" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock Shares Issued Upon Conversion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockSharesIssuedUponConversion" xlink:title="label: ConvertiblePreferredStockSharesIssuedUponConversion to label_ConvertiblePreferredStockSharesIssuedUponConversion" xlink:to="label_ConvertiblePreferredStockSharesIssuedUponConversion" xlink:type="arc"/>
    <label id="label_ConvertiblePreferredStockSharesIssuedUponConversion_2" xlink:label="label_ConvertiblePreferredStockSharesIssuedUponConversion_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConvertiblePreferredStockSharesIssuedUponConversion" xlink:type="resource" xml:lang="en-US">Common stock issued upon conversion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockSharesIssuedUponConversion" xlink:title="label: ConvertiblePreferredStockSharesIssuedUponConversion to label_ConvertiblePreferredStockSharesIssuedUponConversion" xlink:to="label_ConvertiblePreferredStockSharesIssuedUponConversion_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConvertiblePreferredStockTermsOfConversion" xlink:label="ConvertiblePreferredStockTermsOfConversion" xlink:title="ConvertiblePreferredStockTermsOfConversion" xlink:type="locator"/>
    <label id="label_ConvertiblePreferredStockTermsOfConversion" xlink:label="label_ConvertiblePreferredStockTermsOfConversion" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConvertiblePreferredStockTermsOfConversion" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock Terms Of Conversion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockTermsOfConversion" xlink:title="label: ConvertiblePreferredStockTermsOfConversion to label_ConvertiblePreferredStockTermsOfConversion" xlink:to="label_ConvertiblePreferredStockTermsOfConversion" xlink:type="arc"/>
    <label id="label_ConvertiblePreferredStockTermsOfConversion_2" xlink:label="label_ConvertiblePreferredStockTermsOfConversion_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConvertiblePreferredStockTermsOfConversion" xlink:type="resource" xml:lang="en-US">Conversion features</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockTermsOfConversion" xlink:title="label: ConvertiblePreferredStockTermsOfConversion to label_ConvertiblePreferredStockTermsOfConversion" xlink:to="label_ConvertiblePreferredStockTermsOfConversion_2" xlink:type="arc"/>
    <label id="label_ConvertiblePreferredStockTermsOfConversion_3" xlink:label="label_ConvertiblePreferredStockTermsOfConversion_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ConvertiblePreferredStockTermsOfConversion" xlink:type="resource" xml:lang="en-US">Conversion terms of preferred stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertiblePreferredStockTermsOfConversion" xlink:title="label: ConvertiblePreferredStockTermsOfConversion to label_ConvertiblePreferredStockTermsOfConversion" xlink:to="label_ConvertiblePreferredStockTermsOfConversion_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="CreditFacilityAxis" xlink:title="CreditFacilityAxis" xlink:type="locator"/>
    <label id="label_CreditFacilityAxis" xlink:label="label_CreditFacilityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CreditFacilityAxis" xlink:type="resource" xml:lang="en-US">Credit Facility [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CreditFacilityAxis" xlink:title="label: CreditFacilityAxis to label_CreditFacilityAxis" xlink:to="label_CreditFacilityAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="CreditFacilityDomain" xlink:title="CreditFacilityDomain" xlink:type="locator"/>
    <label id="label_CreditFacilityDomain" xlink:label="label_CreditFacilityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CreditFacilityDomain" xlink:type="resource" xml:lang="en-US">Credit Facility [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CreditFacilityDomain" xlink:title="label: CreditFacilityDomain to label_CreditFacilityDomain" xlink:to="label_CreditFacilityDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CustomerConcentrationRiskMember" xlink:label="CustomerConcentrationRiskMember" xlink:title="CustomerConcentrationRiskMember" xlink:type="locator"/>
    <label id="label_CustomerConcentrationRiskMember" xlink:label="label_CustomerConcentrationRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CustomerConcentrationRiskMember" xlink:type="resource" xml:lang="en-US">Customer Concentration Risk [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CustomerConcentrationRiskMember" xlink:title="label: CustomerConcentrationRiskMember to label_CustomerConcentrationRiskMember" xlink:to="label_CustomerConcentrationRiskMember" xlink:type="arc"/>
    <label id="label_CustomerConcentrationRiskMember_2" xlink:label="label_CustomerConcentrationRiskMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CustomerConcentrationRiskMember" xlink:type="resource" xml:lang="en-US">Customer 1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CustomerConcentrationRiskMember" xlink:title="label: CustomerConcentrationRiskMember to label_CustomerConcentrationRiskMember" xlink:to="label_CustomerConcentrationRiskMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CustomerRelationshipsMember" xlink:label="CustomerRelationshipsMember" xlink:title="CustomerRelationshipsMember" xlink:type="locator"/>
    <label id="label_CustomerRelationshipsMember" xlink:label="label_CustomerRelationshipsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CustomerRelationshipsMember" xlink:type="resource" xml:lang="en-US">Customer Relationships [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CustomerRelationshipsMember" xlink:title="label: CustomerRelationshipsMember to label_CustomerRelationshipsMember" xlink:to="label_CustomerRelationshipsMember" xlink:type="arc"/>
    <label id="label_CustomerRelationshipsMember_2" xlink:label="label_CustomerRelationshipsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CustomerRelationshipsMember" xlink:type="resource" xml:lang="en-US">Customer relationships</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CustomerRelationshipsMember" xlink:title="label: CustomerRelationshipsMember to label_CustomerRelationshipsMember" xlink:to="label_CustomerRelationshipsMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="DebtDisclosureAbstract" xlink:title="DebtDisclosureAbstract" xlink:type="locator"/>
    <label id="label_DebtDisclosureAbstract" xlink:label="label_DebtDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtDisclosureAbstract" xlink:type="resource" xml:lang="en-US">BORROWINGS [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtDisclosureAbstract" xlink:title="label: DebtDisclosureAbstract to label_DebtDisclosureAbstract" xlink:to="label_DebtDisclosureAbstract" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="DebtDisclosureTextBlock" xlink:title="DebtDisclosureTextBlock" xlink:type="locator"/>
    <label id="label_DebtDisclosureTextBlock" xlink:label="label_DebtDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">Debt Disclosure [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtDisclosureTextBlock" xlink:title="label: DebtDisclosureTextBlock to label_DebtDisclosureTextBlock" xlink:to="label_DebtDisclosureTextBlock" xlink:type="arc"/>
    <label id="label_DebtDisclosureTextBlock_2" xlink:label="label_DebtDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">BORROWINGS</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtDisclosureTextBlock" xlink:title="label: DebtDisclosureTextBlock to label_DebtDisclosureTextBlock" xlink:to="label_DebtDisclosureTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:label="DebtInstrumentBasisSpreadOnVariableRate1" xlink:title="DebtInstrumentBasisSpreadOnVariableRate1" xlink:type="locator"/>
    <label id="label_DebtInstrumentBasisSpreadOnVariableRate1" xlink:label="label_DebtInstrumentBasisSpreadOnVariableRate1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentBasisSpreadOnVariableRate1" xlink:type="resource" xml:lang="en-US">Debt Instrument, Basis Spread on Variable Rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentBasisSpreadOnVariableRate1" xlink:title="label: DebtInstrumentBasisSpreadOnVariableRate1 to label_DebtInstrumentBasisSpreadOnVariableRate1" xlink:to="label_DebtInstrumentBasisSpreadOnVariableRate1" xlink:type="arc"/>
    <label id="label_DebtInstrumentBasisSpreadOnVariableRate1_2" xlink:label="label_DebtInstrumentBasisSpreadOnVariableRate1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentBasisSpreadOnVariableRate1" xlink:type="resource" xml:lang="en-US">Loan margin percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentBasisSpreadOnVariableRate1" xlink:title="label: DebtInstrumentBasisSpreadOnVariableRate1 to label_DebtInstrumentBasisSpreadOnVariableRate1" xlink:to="label_DebtInstrumentBasisSpreadOnVariableRate1_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="DebtInstrumentCarryingAmount" xlink:title="DebtInstrumentCarryingAmount" xlink:type="locator"/>
    <label id="label_DebtInstrumentCarryingAmount" xlink:label="label_DebtInstrumentCarryingAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentCarryingAmount" xlink:type="resource" xml:lang="en-US">Debt Instrument Carrying Amount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentCarryingAmount" xlink:title="label: DebtInstrumentCarryingAmount to label_DebtInstrumentCarryingAmount" xlink:to="label_DebtInstrumentCarryingAmount" xlink:type="arc"/>
    <label id="label_DebtInstrumentCarryingAmount_2" xlink:label="label_DebtInstrumentCarryingAmount_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentCarryingAmount" xlink:type="resource" xml:lang="en-US">Borrowings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentCarryingAmount" xlink:title="label: DebtInstrumentCarryingAmount to label_DebtInstrumentCarryingAmount" xlink:to="label_DebtInstrumentCarryingAmount_2" xlink:type="arc"/>
    <label id="label_DebtInstrumentCarryingAmount_3" xlink:label="label_DebtInstrumentCarryingAmount_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_DebtInstrumentCarryingAmount" xlink:type="resource" xml:lang="en-US">Total</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentCarryingAmount" xlink:title="label: DebtInstrumentCarryingAmount to label_DebtInstrumentCarryingAmount" xlink:to="label_DebtInstrumentCarryingAmount_3" xlink:type="arc"/>
    <label id="label_DebtInstrumentCarryingAmount_4" xlink:label="label_DebtInstrumentCarryingAmount_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DebtInstrumentCarryingAmount" xlink:type="resource" xml:lang="en-US">Outstanding balance</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentCarryingAmount" xlink:title="label: DebtInstrumentCarryingAmount to label_DebtInstrumentCarryingAmount" xlink:to="label_DebtInstrumentCarryingAmount_4" xlink:type="arc"/>
    <label id="label_DebtInstrumentCarryingAmount_5" xlink:label="label_DebtInstrumentCarryingAmount_5" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_DebtInstrumentCarryingAmount" xlink:type="resource" xml:lang="en-US">Amount outstanding</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentCarryingAmount" xlink:title="label: DebtInstrumentCarryingAmount to label_DebtInstrumentCarryingAmount" xlink:to="label_DebtInstrumentCarryingAmount_5" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentConvertibleConversionPrice1" xlink:label="DebtInstrumentConvertibleConversionPrice1" xlink:title="DebtInstrumentConvertibleConversionPrice1" xlink:type="locator"/>
    <label id="label_DebtInstrumentConvertibleConversionPrice1" xlink:label="label_DebtInstrumentConvertibleConversionPrice1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentConvertibleConversionPrice1" xlink:type="resource" xml:lang="en-US">Debt Instrument Convertible Conversion Price1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentConvertibleConversionPrice1" xlink:title="label: DebtInstrumentConvertibleConversionPrice1 to label_DebtInstrumentConvertibleConversionPrice1" xlink:to="label_DebtInstrumentConvertibleConversionPrice1" xlink:type="arc"/>
    <label id="label_DebtInstrumentConvertibleConversionPrice1_2" xlink:label="label_DebtInstrumentConvertibleConversionPrice1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentConvertibleConversionPrice1" xlink:type="resource" xml:lang="en-US">Exercisable price per share</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentConvertibleConversionPrice1" xlink:title="label: DebtInstrumentConvertibleConversionPrice1 to label_DebtInstrumentConvertibleConversionPrice1" xlink:to="label_DebtInstrumentConvertibleConversionPrice1_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentCovenantDescription" xlink:label="DebtInstrumentCovenantDescription" xlink:title="DebtInstrumentCovenantDescription" xlink:type="locator"/>
    <label id="label_DebtInstrumentCovenantDescription" xlink:label="label_DebtInstrumentCovenantDescription" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentCovenantDescription" xlink:type="resource" xml:lang="en-US">Debt Instrument Covenant Description</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentCovenantDescription" xlink:title="label: DebtInstrumentCovenantDescription to label_DebtInstrumentCovenantDescription" xlink:to="label_DebtInstrumentCovenantDescription" xlink:type="arc"/>
    <label id="label_DebtInstrumentCovenantDescription_2" xlink:label="label_DebtInstrumentCovenantDescription_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentCovenantDescription" xlink:type="resource" xml:lang="en-US">Covenant description</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentCovenantDescription" xlink:title="label: DebtInstrumentCovenantDescription to label_DebtInstrumentCovenantDescription" xlink:to="label_DebtInstrumentCovenantDescription_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" xlink:label="DebtInstrumentDescriptionOfVariableRateBasis" xlink:title="DebtInstrumentDescriptionOfVariableRateBasis" xlink:type="locator"/>
    <label id="label_DebtInstrumentDescriptionOfVariableRateBasis" xlink:label="label_DebtInstrumentDescriptionOfVariableRateBasis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentDescriptionOfVariableRateBasis" xlink:type="resource" xml:lang="en-US">Debt InstrumentDescription Of Variable Rate Basis</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentDescriptionOfVariableRateBasis" xlink:title="label: DebtInstrumentDescriptionOfVariableRateBasis to label_DebtInstrumentDescriptionOfVariableRateBasis" xlink:to="label_DebtInstrumentDescriptionOfVariableRateBasis" xlink:type="arc"/>
    <label id="label_DebtInstrumentDescriptionOfVariableRateBasis_2" xlink:label="label_DebtInstrumentDescriptionOfVariableRateBasis_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentDescriptionOfVariableRateBasis" xlink:type="resource" xml:lang="en-US">Variable rate basis</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentDescriptionOfVariableRateBasis" xlink:title="label: DebtInstrumentDescriptionOfVariableRateBasis to label_DebtInstrumentDescriptionOfVariableRateBasis" xlink:to="label_DebtInstrumentDescriptionOfVariableRateBasis_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="DebtInstrumentFaceAmount" xlink:title="DebtInstrumentFaceAmount" xlink:type="locator"/>
    <label id="label_DebtInstrumentFaceAmount" xlink:label="label_DebtInstrumentFaceAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentFaceAmount" xlink:type="resource" xml:lang="en-US">Debt Instrument Face Amount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentFaceAmount" xlink:title="label: DebtInstrumentFaceAmount to label_DebtInstrumentFaceAmount" xlink:to="label_DebtInstrumentFaceAmount" xlink:type="arc"/>
    <label id="label_DebtInstrumentFaceAmount_2" xlink:label="label_DebtInstrumentFaceAmount_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentFaceAmount" xlink:type="resource" xml:lang="en-US">Face amount at issuance date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentFaceAmount" xlink:title="label: DebtInstrumentFaceAmount to label_DebtInstrumentFaceAmount" xlink:to="label_DebtInstrumentFaceAmount_2" xlink:type="arc"/>
    <label id="label_DebtInstrumentFaceAmount_3" xlink:label="label_DebtInstrumentFaceAmount_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DebtInstrumentFaceAmount" xlink:type="resource" xml:lang="en-US">Face amount of credit facility</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentFaceAmount" xlink:title="label: DebtInstrumentFaceAmount to label_DebtInstrumentFaceAmount" xlink:to="label_DebtInstrumentFaceAmount_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentIncreaseDecreaseForPeriodNet" xlink:label="DebtInstrumentIncreaseDecreaseForPeriodNet" xlink:title="DebtInstrumentIncreaseDecreaseForPeriodNet" xlink:type="locator"/>
    <label id="label_DebtInstrumentIncreaseDecreaseForPeriodNet" xlink:label="label_DebtInstrumentIncreaseDecreaseForPeriodNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentIncreaseDecreaseForPeriodNet" xlink:type="resource" xml:lang="en-US">Debt Instrument, Increase (Decrease), Net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentIncreaseDecreaseForPeriodNet" xlink:title="label: DebtInstrumentIncreaseDecreaseForPeriodNet to label_DebtInstrumentIncreaseDecreaseForPeriodNet" xlink:to="label_DebtInstrumentIncreaseDecreaseForPeriodNet" xlink:type="arc"/>
    <label id="label_DebtInstrumentIncreaseDecreaseForPeriodNet_2" xlink:label="label_DebtInstrumentIncreaseDecreaseForPeriodNet_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentIncreaseDecreaseForPeriodNet" xlink:type="resource" xml:lang="en-US">Debt instrument increase</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentIncreaseDecreaseForPeriodNet" xlink:title="label: DebtInstrumentIncreaseDecreaseForPeriodNet to label_DebtInstrumentIncreaseDecreaseForPeriodNet" xlink:to="label_DebtInstrumentIncreaseDecreaseForPeriodNet_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="DebtInstrumentInterestRateStatedPercentage" xlink:title="DebtInstrumentInterestRateStatedPercentage" xlink:type="locator"/>
    <label id="label_DebtInstrumentInterestRateStatedPercentage" xlink:label="label_DebtInstrumentInterestRateStatedPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentInterestRateStatedPercentage" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate, Stated Percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentInterestRateStatedPercentage" xlink:title="label: DebtInstrumentInterestRateStatedPercentage to label_DebtInstrumentInterestRateStatedPercentage" xlink:to="label_DebtInstrumentInterestRateStatedPercentage" xlink:type="arc"/>
    <label id="label_DebtInstrumentInterestRateStatedPercentage_2" xlink:label="label_DebtInstrumentInterestRateStatedPercentage_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentInterestRateStatedPercentage" xlink:type="resource" xml:lang="en-US">Fixed interest rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentInterestRateStatedPercentage" xlink:title="label: DebtInstrumentInterestRateStatedPercentage to label_DebtInstrumentInterestRateStatedPercentage" xlink:to="label_DebtInstrumentInterestRateStatedPercentage_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentInterestRateTerms" xlink:label="DebtInstrumentInterestRateTerms" xlink:title="DebtInstrumentInterestRateTerms" xlink:type="locator"/>
    <label id="label_DebtInstrumentInterestRateTerms" xlink:label="label_DebtInstrumentInterestRateTerms" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentInterestRateTerms" xlink:type="resource" xml:lang="en-US">Debt Instrument Interest Rate Terms</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentInterestRateTerms" xlink:title="label: DebtInstrumentInterestRateTerms to label_DebtInstrumentInterestRateTerms" xlink:to="label_DebtInstrumentInterestRateTerms" xlink:type="arc"/>
    <label id="label_DebtInstrumentInterestRateTerms_2" xlink:label="label_DebtInstrumentInterestRateTerms_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentInterestRateTerms" xlink:type="resource" xml:lang="en-US">Interest rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentInterestRateTerms" xlink:title="label: DebtInstrumentInterestRateTerms to label_DebtInstrumentInterestRateTerms" xlink:to="label_DebtInstrumentInterestRateTerms_2" xlink:type="arc"/>
    <label id="label_DebtInstrumentInterestRateTerms_3" xlink:label="label_DebtInstrumentInterestRateTerms_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DebtInstrumentInterestRateTerms" xlink:type="resource" xml:lang="en-US">Spread on variable rate basis</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentInterestRateTerms" xlink:title="label: DebtInstrumentInterestRateTerms to label_DebtInstrumentInterestRateTerms" xlink:to="label_DebtInstrumentInterestRateTerms_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentIssuanceDate1" xlink:label="DebtInstrumentIssuanceDate1" xlink:title="DebtInstrumentIssuanceDate1" xlink:type="locator"/>
    <label id="label_DebtInstrumentIssuanceDate1" xlink:label="label_DebtInstrumentIssuanceDate1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentIssuanceDate1" xlink:type="resource" xml:lang="en-US">Debt Instrument Issuance Date1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentIssuanceDate1" xlink:title="label: DebtInstrumentIssuanceDate1 to label_DebtInstrumentIssuanceDate1" xlink:to="label_DebtInstrumentIssuanceDate1" xlink:type="arc"/>
    <label id="label_DebtInstrumentIssuanceDate1_2" xlink:label="label_DebtInstrumentIssuanceDate1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentIssuanceDate1" xlink:type="resource" xml:lang="en-US">Issuance date/Date of agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentIssuanceDate1" xlink:title="label: DebtInstrumentIssuanceDate1 to label_DebtInstrumentIssuanceDate1" xlink:to="label_DebtInstrumentIssuanceDate1_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="DebtInstrumentLineItems" xlink:title="DebtInstrumentLineItems" xlink:type="locator"/>
    <label id="label_DebtInstrumentLineItems" xlink:label="label_DebtInstrumentLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentLineItems" xlink:type="resource" xml:lang="en-US">Debt Instrument [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentLineItems" xlink:title="label: DebtInstrumentLineItems to label_DebtInstrumentLineItems" xlink:to="label_DebtInstrumentLineItems" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentMaturityDate" xlink:label="DebtInstrumentMaturityDate" xlink:title="DebtInstrumentMaturityDate" xlink:type="locator"/>
    <label id="label_DebtInstrumentMaturityDate" xlink:label="label_DebtInstrumentMaturityDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentMaturityDate" xlink:type="resource" xml:lang="en-US">Debt Instrument Maturity Date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentMaturityDate" xlink:title="label: DebtInstrumentMaturityDate to label_DebtInstrumentMaturityDate" xlink:to="label_DebtInstrumentMaturityDate" xlink:type="arc"/>
    <label id="label_DebtInstrumentMaturityDate_2" xlink:label="label_DebtInstrumentMaturityDate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentMaturityDate" xlink:type="resource" xml:lang="en-US">Maturity date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentMaturityDate" xlink:title="label: DebtInstrumentMaturityDate to label_DebtInstrumentMaturityDate" xlink:to="label_DebtInstrumentMaturityDate_2" xlink:type="arc"/>
    <label id="label_DebtInstrumentMaturityDate_3" xlink:label="label_DebtInstrumentMaturityDate_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DebtInstrumentMaturityDate" xlink:type="resource" xml:lang="en-US">Debt instrument maturity date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentMaturityDate" xlink:title="label: DebtInstrumentMaturityDate to label_DebtInstrumentMaturityDate" xlink:to="label_DebtInstrumentMaturityDate_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentPaymentTerms" xlink:label="DebtInstrumentPaymentTerms" xlink:title="DebtInstrumentPaymentTerms" xlink:type="locator"/>
    <label id="label_DebtInstrumentPaymentTerms" xlink:label="label_DebtInstrumentPaymentTerms" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentPaymentTerms" xlink:type="resource" xml:lang="en-US">Debt Instrument Payment Terms</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPaymentTerms" xlink:title="label: DebtInstrumentPaymentTerms to label_DebtInstrumentPaymentTerms" xlink:to="label_DebtInstrumentPaymentTerms" xlink:type="arc"/>
    <label id="label_DebtInstrumentPaymentTerms_2" xlink:label="label_DebtInstrumentPaymentTerms_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentPaymentTerms" xlink:type="resource" xml:lang="en-US">Debt Instrument Payment Terms</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPaymentTerms" xlink:title="label: DebtInstrumentPaymentTerms to label_DebtInstrumentPaymentTerms" xlink:to="label_DebtInstrumentPaymentTerms_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:label="DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:title="DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:type="locator"/>
    <label id="label_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:label="label_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:type="resource" xml:lang="en-US">Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:title="label: DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid to label_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:to="label_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:type="arc"/>
    <label id="label_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_2" xlink:label="label_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:type="resource" xml:lang="en-US">Balloon payment on the last repayment date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:title="label: DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid to label_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:to="label_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentPeriodicPayment" xlink:label="DebtInstrumentPeriodicPayment" xlink:title="DebtInstrumentPeriodicPayment" xlink:type="locator"/>
    <label id="label_DebtInstrumentPeriodicPayment" xlink:label="label_DebtInstrumentPeriodicPayment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentPeriodicPayment" xlink:type="resource" xml:lang="en-US">Debt Instrument, Periodic Payment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPeriodicPayment" xlink:title="label: DebtInstrumentPeriodicPayment to label_DebtInstrumentPeriodicPayment" xlink:to="label_DebtInstrumentPeriodicPayment" xlink:type="arc"/>
    <label id="label_DebtInstrumentPeriodicPayment_2" xlink:label="label_DebtInstrumentPeriodicPayment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentPeriodicPayment" xlink:type="resource" xml:lang="en-US">Repayment amount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPeriodicPayment" xlink:title="label: DebtInstrumentPeriodicPayment to label_DebtInstrumentPeriodicPayment" xlink:to="label_DebtInstrumentPeriodicPayment_2" xlink:type="arc"/>
    <label id="label_DebtInstrumentPeriodicPayment_3" xlink:label="label_DebtInstrumentPeriodicPayment_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DebtInstrumentPeriodicPayment" xlink:type="resource" xml:lang="en-US">Period payment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPeriodicPayment" xlink:title="label: DebtInstrumentPeriodicPayment to label_DebtInstrumentPeriodicPayment" xlink:to="label_DebtInstrumentPeriodicPayment_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodAxis" xlink:label="DebtInstrumentRedemptionPeriodAxis" xlink:title="DebtInstrumentRedemptionPeriodAxis" xlink:type="locator"/>
    <label id="label_DebtInstrumentRedemptionPeriodAxis" xlink:label="label_DebtInstrumentRedemptionPeriodAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentRedemptionPeriodAxis" xlink:type="resource" xml:lang="en-US">Debt Instrument, Redemption, Period [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodAxis" xlink:title="label: DebtInstrumentRedemptionPeriodAxis to label_DebtInstrumentRedemptionPeriodAxis" xlink:to="label_DebtInstrumentRedemptionPeriodAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:label="DebtInstrumentRedemptionPeriodDomain" xlink:title="DebtInstrumentRedemptionPeriodDomain" xlink:type="locator"/>
    <label id="label_DebtInstrumentRedemptionPeriodDomain" xlink:label="label_DebtInstrumentRedemptionPeriodDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentRedemptionPeriodDomain" xlink:type="resource" xml:lang="en-US">Debt Instrument, Redemption, Period [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodDomain" xlink:title="label: DebtInstrumentRedemptionPeriodDomain to label_DebtInstrumentRedemptionPeriodDomain" xlink:to="label_DebtInstrumentRedemptionPeriodDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodOneMember" xlink:label="DebtInstrumentRedemptionPeriodOneMember" xlink:title="DebtInstrumentRedemptionPeriodOneMember" xlink:type="locator"/>
    <label id="label_DebtInstrumentRedemptionPeriodOneMember" xlink:label="label_DebtInstrumentRedemptionPeriodOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentRedemptionPeriodOneMember" xlink:type="resource" xml:lang="en-US">Debt Instrument, Redemption, Period One [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodOneMember" xlink:title="label: DebtInstrumentRedemptionPeriodOneMember to label_DebtInstrumentRedemptionPeriodOneMember" xlink:to="label_DebtInstrumentRedemptionPeriodOneMember" xlink:type="arc"/>
    <label id="label_DebtInstrumentRedemptionPeriodOneMember_2" xlink:label="label_DebtInstrumentRedemptionPeriodOneMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentRedemptionPeriodOneMember" xlink:type="resource" xml:lang="en-US">From issuance date to April 30, 2017</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodOneMember" xlink:title="label: DebtInstrumentRedemptionPeriodOneMember to label_DebtInstrumentRedemptionPeriodOneMember" xlink:to="label_DebtInstrumentRedemptionPeriodOneMember_2" xlink:type="arc"/>
    <label id="label_DebtInstrumentRedemptionPeriodOneMember_3" xlink:label="label_DebtInstrumentRedemptionPeriodOneMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DebtInstrumentRedemptionPeriodOneMember" xlink:type="resource" xml:lang="en-US">First 5 installments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodOneMember" xlink:title="label: DebtInstrumentRedemptionPeriodOneMember to label_DebtInstrumentRedemptionPeriodOneMember" xlink:to="label_DebtInstrumentRedemptionPeriodOneMember_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodTwoMember" xlink:label="DebtInstrumentRedemptionPeriodTwoMember" xlink:title="DebtInstrumentRedemptionPeriodTwoMember" xlink:type="locator"/>
    <label id="label_DebtInstrumentRedemptionPeriodTwoMember" xlink:label="label_DebtInstrumentRedemptionPeriodTwoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentRedemptionPeriodTwoMember" xlink:type="resource" xml:lang="en-US">Debt Instrument, Redemption, Period Two [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodTwoMember" xlink:title="label: DebtInstrumentRedemptionPeriodTwoMember to label_DebtInstrumentRedemptionPeriodTwoMember" xlink:to="label_DebtInstrumentRedemptionPeriodTwoMember" xlink:type="arc"/>
    <label id="label_DebtInstrumentRedemptionPeriodTwoMember_2" xlink:label="label_DebtInstrumentRedemptionPeriodTwoMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentRedemptionPeriodTwoMember" xlink:type="resource" xml:lang="en-US">On or after May 1, 2019</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodTwoMember" xlink:title="label: DebtInstrumentRedemptionPeriodTwoMember to label_DebtInstrumentRedemptionPeriodTwoMember" xlink:to="label_DebtInstrumentRedemptionPeriodTwoMember_2" xlink:type="arc"/>
    <label id="label_DebtInstrumentRedemptionPeriodTwoMember_3" xlink:label="label_DebtInstrumentRedemptionPeriodTwoMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DebtInstrumentRedemptionPeriodTwoMember" xlink:type="resource" xml:lang="en-US">From 2nd to 17th installment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodTwoMember" xlink:title="label: DebtInstrumentRedemptionPeriodTwoMember to label_DebtInstrumentRedemptionPeriodTwoMember" xlink:to="label_DebtInstrumentRedemptionPeriodTwoMember_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed" xlink:label="DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed" xlink:title="DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed" xlink:type="locator"/>
    <label id="label_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed" xlink:label="label_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed" xlink:type="resource" xml:lang="en-US">Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed" xlink:title="label: DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed to label_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed" xlink:to="label_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed" xlink:type="arc"/>
    <label id="label_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed_2" xlink:label="label_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed" xlink:type="resource" xml:lang="en-US">Percentage of principal amount redeemed</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed" xlink:title="label: DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed to label_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed" xlink:to="label_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentRedemptionPricePercentage" xlink:label="DebtInstrumentRedemptionPricePercentage" xlink:title="DebtInstrumentRedemptionPricePercentage" xlink:type="locator"/>
    <label id="label_DebtInstrumentRedemptionPricePercentage" xlink:label="label_DebtInstrumentRedemptionPricePercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentRedemptionPricePercentage" xlink:type="resource" xml:lang="en-US">Debt Instrument, Redemption Price, Percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPricePercentage" xlink:title="label: DebtInstrumentRedemptionPricePercentage to label_DebtInstrumentRedemptionPricePercentage" xlink:to="label_DebtInstrumentRedemptionPricePercentage" xlink:type="arc"/>
    <label id="label_DebtInstrumentRedemptionPricePercentage_2" xlink:label="label_DebtInstrumentRedemptionPricePercentage_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentRedemptionPricePercentage" xlink:type="resource" xml:lang="en-US">Redemption price percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPricePercentage" xlink:title="label: DebtInstrumentRedemptionPricePercentage to label_DebtInstrumentRedemptionPricePercentage" xlink:to="label_DebtInstrumentRedemptionPricePercentage_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="DebtInstrumentTable" xlink:title="DebtInstrumentTable" xlink:type="locator"/>
    <label id="label_DebtInstrumentTable" xlink:label="label_DebtInstrumentTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentTable" xlink:type="resource" xml:lang="en-US">Debt Instrument [Table]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentTable" xlink:title="label: DebtInstrumentTable to label_DebtInstrumentTable" xlink:to="label_DebtInstrumentTable" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscount" xlink:label="DebtInstrumentUnamortizedDiscount" xlink:title="DebtInstrumentUnamortizedDiscount" xlink:type="locator"/>
    <label id="label_DebtInstrumentUnamortizedDiscount" xlink:label="label_DebtInstrumentUnamortizedDiscount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentUnamortizedDiscount" xlink:type="resource" xml:lang="en-US">Debt Instrument Unamortized Discount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentUnamortizedDiscount" xlink:title="label: DebtInstrumentUnamortizedDiscount to label_DebtInstrumentUnamortizedDiscount" xlink:to="label_DebtInstrumentUnamortizedDiscount" xlink:type="arc"/>
    <label id="label_DebtInstrumentUnamortizedDiscount_2" xlink:label="label_DebtInstrumentUnamortizedDiscount_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentUnamortizedDiscount" xlink:type="resource" xml:lang="en-US">Less: unamortized discount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentUnamortizedDiscount" xlink:title="label: DebtInstrumentUnamortizedDiscount to label_DebtInstrumentUnamortizedDiscount" xlink:to="label_DebtInstrumentUnamortizedDiscount_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentUnamortizedPremium" xlink:label="DebtInstrumentUnamortizedPremium" xlink:title="DebtInstrumentUnamortizedPremium" xlink:type="locator"/>
    <label id="label_DebtInstrumentUnamortizedPremium_2" xlink:label="label_DebtInstrumentUnamortizedPremium_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentUnamortizedPremium" xlink:type="resource" xml:lang="en-US">Debt Instrument Unamortized Premium</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentUnamortizedPremium" xlink:title="label: DebtInstrumentUnamortizedPremium to label_DebtInstrumentUnamortizedPremium" xlink:to="label_DebtInstrumentUnamortizedPremium_2" xlink:type="arc"/>
    <label id="label_DebtInstrumentUnamortizedPremium_3" xlink:label="label_DebtInstrumentUnamortizedPremium_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentUnamortizedPremium" xlink:type="resource" xml:lang="en-US">Plus: unamortized premium</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentUnamortizedPremium" xlink:title="label: DebtInstrumentUnamortizedPremium to label_DebtInstrumentUnamortizedPremium" xlink:to="label_DebtInstrumentUnamortizedPremium_3" xlink:type="arc"/>
    <label id="label_DebtInstrumentUnamortizedPremium" xlink:label="label_DebtInstrumentUnamortizedPremium" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DebtInstrumentUnamortizedPremium" xlink:type="resource" xml:lang="en-US">Debt instrument unamortized premium</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentUnamortizedPremium" xlink:title="label: DebtInstrumentUnamortizedPremium to label_DebtInstrumentUnamortizedPremium" xlink:to="label_DebtInstrumentUnamortizedPremium" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction" xlink:label="DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction" xlink:title="DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction" xlink:type="locator"/>
    <label id="label_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction" xlink:label="label_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction" xlink:type="resource" xml:lang="en-US">Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction" xlink:title="label: DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction to label_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction" xlink:to="label_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction" xlink:type="arc"/>
    <label id="label_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction_2" xlink:label="label_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction" xlink:type="resource" xml:lang="en-US">Debt issuance costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction" xlink:title="label: DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction to label_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction" xlink:to="label_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtLongtermAndShorttermCombinedAmount" xlink:label="DebtLongtermAndShorttermCombinedAmount" xlink:title="DebtLongtermAndShorttermCombinedAmount" xlink:type="locator"/>
    <label id="label_DebtLongtermAndShorttermCombinedAmount" xlink:label="label_DebtLongtermAndShorttermCombinedAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtLongtermAndShorttermCombinedAmount" xlink:type="resource" xml:lang="en-US">Debt Longterm And Shortterm Combined Amount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtLongtermAndShorttermCombinedAmount" xlink:title="label: DebtLongtermAndShorttermCombinedAmount to label_DebtLongtermAndShorttermCombinedAmount" xlink:to="label_DebtLongtermAndShorttermCombinedAmount" xlink:type="arc"/>
    <label id="label_DebtLongtermAndShorttermCombinedAmount_2" xlink:label="label_DebtLongtermAndShorttermCombinedAmount_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtLongtermAndShorttermCombinedAmount" xlink:type="resource" xml:lang="en-US">Total</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtLongtermAndShorttermCombinedAmount" xlink:title="label: DebtLongtermAndShorttermCombinedAmount to label_DebtLongtermAndShorttermCombinedAmount" xlink:to="label_DebtLongtermAndShorttermCombinedAmount_2" xlink:type="arc"/>
    <label id="label_DebtLongtermAndShorttermCombinedAmount_3" xlink:label="label_DebtLongtermAndShorttermCombinedAmount_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DebtLongtermAndShorttermCombinedAmount" xlink:type="resource" xml:lang="en-US">Total borrowings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtLongtermAndShorttermCombinedAmount" xlink:title="label: DebtLongtermAndShorttermCombinedAmount to label_DebtLongtermAndShorttermCombinedAmount" xlink:to="label_DebtLongtermAndShorttermCombinedAmount_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtPolicyTextBlock" xlink:label="DebtPolicyTextBlock" xlink:title="DebtPolicyTextBlock" xlink:type="locator"/>
    <label id="label_DebtPolicyTextBlock" xlink:label="label_DebtPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Deferred Financing Costs [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtPolicyTextBlock" xlink:title="label: DebtPolicyTextBlock to label_DebtPolicyTextBlock" xlink:to="label_DebtPolicyTextBlock" xlink:type="arc"/>
    <label id="label_DebtPolicyTextBlock_2" xlink:label="label_DebtPolicyTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Deferred Financing Costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtPolicyTextBlock" xlink:title="label: DebtPolicyTextBlock to label_DebtPolicyTextBlock" xlink:to="label_DebtPolicyTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xlink:label="DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xlink:title="DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xlink:type="locator"/>
    <label id="label_DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xlink:label="label_DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xlink:type="resource" xml:lang="en-US">Debt Related Commitment Fees And Debt Issuance Costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xlink:title="label: DebtRelatedCommitmentFeesAndDebtIssuanceCosts to label_DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xlink:to="label_DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xlink:type="arc"/>
    <label id="label_DebtRelatedCommitmentFeesAndDebtIssuanceCosts_2" xlink:label="label_DebtRelatedCommitmentFeesAndDebtIssuanceCosts_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xlink:type="resource" xml:lang="en-US">Amortization of finance charges</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xlink:title="label: DebtRelatedCommitmentFeesAndDebtIssuanceCosts to label_DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xlink:to="label_DebtRelatedCommitmentFeesAndDebtIssuanceCosts_2" xlink:type="arc"/>
    <label id="label_DebtRelatedCommitmentFeesAndDebtIssuanceCosts_3" xlink:label="label_DebtRelatedCommitmentFeesAndDebtIssuanceCosts_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xlink:type="resource" xml:lang="en-US">Debt issuance expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xlink:title="label: DebtRelatedCommitmentFeesAndDebtIssuanceCosts to label_DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xlink:to="label_DebtRelatedCommitmentFeesAndDebtIssuanceCosts_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtWeightedAverageInterestRate" xlink:label="DebtWeightedAverageInterestRate" xlink:title="DebtWeightedAverageInterestRate" xlink:type="locator"/>
    <label id="label_DebtWeightedAverageInterestRate" xlink:label="label_DebtWeightedAverageInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtWeightedAverageInterestRate" xlink:type="resource" xml:lang="en-US">Debt Weighted Average Interest Rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtWeightedAverageInterestRate" xlink:title="label: DebtWeightedAverageInterestRate to label_DebtWeightedAverageInterestRate" xlink:to="label_DebtWeightedAverageInterestRate" xlink:type="arc"/>
    <label id="label_DebtWeightedAverageInterestRate_2" xlink:label="label_DebtWeightedAverageInterestRate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtWeightedAverageInterestRate" xlink:type="resource" xml:lang="en-US">Annual weighted average interest rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtWeightedAverageInterestRate" xlink:title="label: DebtWeightedAverageInterestRate to label_DebtWeightedAverageInterestRate" xlink:to="label_DebtWeightedAverageInterestRate_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredChargesPolicyTextBlock" xlink:label="DeferredChargesPolicyTextBlock" xlink:title="DeferredChargesPolicyTextBlock" xlink:type="locator"/>
    <label id="label_DeferredChargesPolicyTextBlock" xlink:label="label_DeferredChargesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredChargesPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Deferred Drydock and Special Survey Costs [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredChargesPolicyTextBlock" xlink:title="label: DeferredChargesPolicyTextBlock to label_DeferredChargesPolicyTextBlock" xlink:to="label_DeferredChargesPolicyTextBlock" xlink:type="arc"/>
    <label id="label_DeferredChargesPolicyTextBlock_2" xlink:label="label_DeferredChargesPolicyTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredChargesPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Deferred Drydock and Special Survey Costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredChargesPolicyTextBlock" xlink:title="label: DeferredChargesPolicyTextBlock to label_DeferredChargesPolicyTextBlock" xlink:to="label_DeferredChargesPolicyTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredCostsAndOtherAssets" xlink:label="DeferredCostsAndOtherAssets" xlink:title="DeferredCostsAndOtherAssets" xlink:type="locator"/>
    <label id="label_DeferredCostsAndOtherAssets" xlink:label="label_DeferredCostsAndOtherAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredCostsAndOtherAssets" xlink:type="resource" xml:lang="en-US">Deferred Costs And Other Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredCostsAndOtherAssets" xlink:title="label: DeferredCostsAndOtherAssets to label_DeferredCostsAndOtherAssets" xlink:to="label_DeferredCostsAndOtherAssets" xlink:type="arc"/>
    <label id="label_DeferredCostsAndOtherAssets_2" xlink:label="label_DeferredCostsAndOtherAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredCostsAndOtherAssets" xlink:type="resource" xml:lang="en-US">Deferred dry dock and special survey costs, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredCostsAndOtherAssets" xlink:title="label: DeferredCostsAndOtherAssets to label_DeferredCostsAndOtherAssets" xlink:to="label_DeferredCostsAndOtherAssets_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:label="DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:title="DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:type="locator"/>
    <label id="label_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:label="label_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:type="resource" xml:lang="en-US">PREPAID EXPENSES AND OTHER CURRENT ASSETS [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:title="label: DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract to label_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:to="label_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:label="DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:title="DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:type="locator"/>
    <label id="label_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:label="label_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:title="label: DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock to label_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:to="label_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:type="arc"/>
    <label id="label_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock_2" xlink:label="label_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">PREPAID EXPENSES AND OTHER CURRENT ASSETS</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:title="label: DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock to label_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:to="label_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredCosts" xlink:label="DeferredCosts" xlink:title="DeferredCosts" xlink:type="locator"/>
    <label id="label_DeferredCosts" xlink:label="label_DeferredCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredCosts" xlink:type="resource" xml:lang="en-US">Deferred dry dock and special survey costs, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredCosts" xlink:title="label: DeferredCosts to label_DeferredCosts" xlink:to="label_DeferredCosts" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredFinanceCostsNet" xlink:label="DeferredFinanceCostsNet" xlink:title="DeferredFinanceCostsNet" xlink:type="locator"/>
    <label id="label_DeferredFinanceCostsNet" xlink:label="label_DeferredFinanceCostsNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredFinanceCostsNet" xlink:type="resource" xml:lang="en-US">Debt finance costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredFinanceCostsNet" xlink:title="label: DeferredFinanceCostsNet to label_DeferredFinanceCostsNet" xlink:to="label_DeferredFinanceCostsNet" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredFinanceCostsNoncurrentNet" xlink:label="DeferredFinanceCostsNoncurrentNet" xlink:title="DeferredFinanceCostsNoncurrentNet" xlink:type="locator"/>
    <label id="label_DeferredFinanceCostsNoncurrentNet" xlink:label="label_DeferredFinanceCostsNoncurrentNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredFinanceCostsNoncurrentNet" xlink:type="resource" xml:lang="en-US">Deferred financing costs, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredFinanceCostsNoncurrentNet" xlink:title="label: DeferredFinanceCostsNoncurrentNet to label_DeferredFinanceCostsNoncurrentNet" xlink:to="label_DeferredFinanceCostsNoncurrentNet" xlink:type="arc"/>
    <label id="label_DeferredFinanceCostsNoncurrentNet_2" xlink:label="label_DeferredFinanceCostsNoncurrentNet_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredFinanceCostsNoncurrentNet" xlink:type="resource" xml:lang="en-US">Less: deferred finance costs, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredFinanceCostsNoncurrentNet" xlink:title="label: DeferredFinanceCostsNoncurrentNet to label_DeferredFinanceCostsNoncurrentNet" xlink:to="label_DeferredFinanceCostsNoncurrentNet_2" xlink:type="arc"/>
    <label id="label_DeferredFinanceCostsNoncurrentNet_3" xlink:label="label_DeferredFinanceCostsNoncurrentNet_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DeferredFinanceCostsNoncurrentNet" xlink:type="resource" xml:lang="en-US">Less: deferred finance costs and discount, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredFinanceCostsNoncurrentNet" xlink:title="label: DeferredFinanceCostsNoncurrentNet to label_DeferredFinanceCostsNoncurrentNet" xlink:to="label_DeferredFinanceCostsNoncurrentNet_3" xlink:type="arc"/>
    <label id="label_DeferredFinanceCostsNoncurrentNet_4" xlink:label="label_DeferredFinanceCostsNoncurrentNet_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DeferredFinanceCostsNoncurrentNet" xlink:type="resource" xml:lang="en-US">Loan's discount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredFinanceCostsNoncurrentNet" xlink:title="label: DeferredFinanceCostsNoncurrentNet to label_DeferredFinanceCostsNoncurrentNet" xlink:to="label_DeferredFinanceCostsNoncurrentNet_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredGainOnSaleOfProperty" xlink:label="DeferredGainOnSaleOfProperty" xlink:title="DeferredGainOnSaleOfProperty" xlink:type="locator"/>
    <label id="label_DeferredGainOnSaleOfProperty" xlink:label="label_DeferredGainOnSaleOfProperty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredGainOnSaleOfProperty" xlink:type="resource" xml:lang="en-US">Deferred Gain On Sale Of Property</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredGainOnSaleOfProperty" xlink:title="label: DeferredGainOnSaleOfProperty to label_DeferredGainOnSaleOfProperty" xlink:to="label_DeferredGainOnSaleOfProperty" xlink:type="arc"/>
    <label id="label_DeferredGainOnSaleOfProperty_2" xlink:label="label_DeferredGainOnSaleOfProperty_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredGainOnSaleOfProperty" xlink:type="resource" xml:lang="en-US">Unamortized deferred gain</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredGainOnSaleOfProperty" xlink:title="label: DeferredGainOnSaleOfProperty to label_DeferredGainOnSaleOfProperty" xlink:to="label_DeferredGainOnSaleOfProperty_2" xlink:type="arc"/>
    <label id="label_DeferredGainOnSaleOfProperty_3" xlink:label="label_DeferredGainOnSaleOfProperty_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DeferredGainOnSaleOfProperty" xlink:type="resource" xml:lang="en-US">Unamortized deferred gain for vessels and rights sold</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredGainOnSaleOfProperty" xlink:title="label: DeferredGainOnSaleOfProperty to label_DeferredGainOnSaleOfProperty" xlink:to="label_DeferredGainOnSaleOfProperty_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredRevenueAndCreditsCurrent" xlink:label="DeferredRevenueAndCreditsCurrent" xlink:title="DeferredRevenueAndCreditsCurrent" xlink:type="locator"/>
    <label id="label_DeferredRevenueAndCreditsCurrent" xlink:label="label_DeferredRevenueAndCreditsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredRevenueAndCreditsCurrent" xlink:type="resource" xml:lang="en-US">Deferred Revenue And Credits Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueAndCreditsCurrent" xlink:title="label: DeferredRevenueAndCreditsCurrent to label_DeferredRevenueAndCreditsCurrent" xlink:to="label_DeferredRevenueAndCreditsCurrent" xlink:type="arc"/>
    <label id="label_DeferredRevenueAndCreditsCurrent_2" xlink:label="label_DeferredRevenueAndCreditsCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredRevenueAndCreditsCurrent" xlink:type="resource" xml:lang="en-US">Deferred income and cash received in advance</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueAndCreditsCurrent" xlink:title="label: DeferredRevenueAndCreditsCurrent to label_DeferredRevenueAndCreditsCurrent" xlink:to="label_DeferredRevenueAndCreditsCurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredRevenueAndCreditsNoncurrent" xlink:label="DeferredRevenueAndCreditsNoncurrent" xlink:title="DeferredRevenueAndCreditsNoncurrent" xlink:type="locator"/>
    <label id="label_DeferredRevenueAndCreditsNoncurrent" xlink:label="label_DeferredRevenueAndCreditsNoncurrent" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_DeferredRevenueAndCreditsNoncurrent" xlink:type="resource" xml:lang="en-US">Other long-term liabilities and deferred income</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueAndCreditsNoncurrent" xlink:title="label: DeferredRevenueAndCreditsNoncurrent to label_DeferredRevenueAndCreditsNoncurrent" xlink:to="label_DeferredRevenueAndCreditsNoncurrent" xlink:type="arc"/>
    <label id="label_DeferredRevenueAndCreditsNoncurrent_2" xlink:label="label_DeferredRevenueAndCreditsNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredRevenueAndCreditsNoncurrent" xlink:type="resource" xml:lang="en-US">Other long term liabilities and deferred income</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueAndCreditsNoncurrent" xlink:title="label: DeferredRevenueAndCreditsNoncurrent to label_DeferredRevenueAndCreditsNoncurrent" xlink:to="label_DeferredRevenueAndCreditsNoncurrent_2" xlink:type="arc"/>
    <label id="label_DeferredRevenueAndCreditsNoncurrent_3" xlink:label="label_DeferredRevenueAndCreditsNoncurrent_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredRevenueAndCreditsNoncurrent" xlink:type="resource" xml:lang="en-US">Cash received in advance</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueAndCreditsNoncurrent" xlink:title="label: DeferredRevenueAndCreditsNoncurrent to label_DeferredRevenueAndCreditsNoncurrent" xlink:to="label_DeferredRevenueAndCreditsNoncurrent_3" xlink:type="arc"/>
    <label id="label_DeferredRevenueAndCreditsNoncurrent_4" xlink:label="label_DeferredRevenueAndCreditsNoncurrent_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DeferredRevenueAndCreditsNoncurrent" xlink:type="resource" xml:lang="en-US">Other long-term liabilities (including related party) and deferred income</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueAndCreditsNoncurrent" xlink:title="label: DeferredRevenueAndCreditsNoncurrent to label_DeferredRevenueAndCreditsNoncurrent" xlink:to="label_DeferredRevenueAndCreditsNoncurrent_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="DeferredTaxLiabilitiesNoncurrent" xlink:title="DeferredTaxLiabilitiesNoncurrent" xlink:type="locator"/>
    <label id="label_DeferredTaxLiabilitiesNoncurrent" xlink:label="label_DeferredTaxLiabilitiesNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredTaxLiabilitiesNoncurrent" xlink:type="resource" xml:lang="en-US">Deferred tax liability</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilitiesNoncurrent" xlink:title="label: DeferredTaxLiabilitiesNoncurrent to label_DeferredTaxLiabilitiesNoncurrent" xlink:to="label_DeferredTaxLiabilitiesNoncurrent" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DefinedBenefitPlanContributionsByEmployer" xlink:label="DefinedBenefitPlanContributionsByEmployer" xlink:title="DefinedBenefitPlanContributionsByEmployer" xlink:type="locator"/>
    <label id="label_DefinedBenefitPlanContributionsByEmployer" xlink:label="label_DefinedBenefitPlanContributionsByEmployer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DefinedBenefitPlanContributionsByEmployer" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan Contributions By Employer</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefinedBenefitPlanContributionsByEmployer" xlink:title="label: DefinedBenefitPlanContributionsByEmployer to label_DefinedBenefitPlanContributionsByEmployer" xlink:to="label_DefinedBenefitPlanContributionsByEmployer" xlink:type="arc"/>
    <label id="label_DefinedBenefitPlanContributionsByEmployer_2" xlink:label="label_DefinedBenefitPlanContributionsByEmployer_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DefinedBenefitPlanContributionsByEmployer" xlink:type="resource" xml:lang="en-US">Company's contributions to employee saving plan</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefinedBenefitPlanContributionsByEmployer" xlink:title="label: DefinedBenefitPlanContributionsByEmployer to label_DefinedBenefitPlanContributionsByEmployer" xlink:to="label_DefinedBenefitPlanContributionsByEmployer_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DefinedBenefitPlanFundedPercentage" xlink:label="DefinedBenefitPlanFundedPercentage" xlink:title="DefinedBenefitPlanFundedPercentage" xlink:type="locator"/>
    <label id="label_DefinedBenefitPlanFundedPercentage" xlink:label="label_DefinedBenefitPlanFundedPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DefinedBenefitPlanFundedPercentage" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Funded Percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefinedBenefitPlanFundedPercentage" xlink:title="label: DefinedBenefitPlanFundedPercentage to label_DefinedBenefitPlanFundedPercentage" xlink:to="label_DefinedBenefitPlanFundedPercentage" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DefinedContributionPlanEmployerDiscretionaryContributionAmount" xlink:label="DefinedContributionPlanEmployerDiscretionaryContributionAmount" xlink:title="DefinedContributionPlanEmployerDiscretionaryContributionAmount" xlink:type="locator"/>
    <label id="label_DefinedContributionPlanEmployerDiscretionaryContributionAmount" xlink:label="label_DefinedContributionPlanEmployerDiscretionaryContributionAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DefinedContributionPlanEmployerDiscretionaryContributionAmount" xlink:type="resource" xml:lang="en-US">Defined Contribution Plan Employer Discretionary Contribution Amount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefinedContributionPlanEmployerDiscretionaryContributionAmount" xlink:title="label: DefinedContributionPlanEmployerDiscretionaryContributionAmount to label_DefinedContributionPlanEmployerDiscretionaryContributionAmount" xlink:to="label_DefinedContributionPlanEmployerDiscretionaryContributionAmount" xlink:type="arc"/>
    <label id="label_DefinedContributionPlanEmployerDiscretionaryContributionAmount_2" xlink:label="label_DefinedContributionPlanEmployerDiscretionaryContributionAmount_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DefinedContributionPlanEmployerDiscretionaryContributionAmount" xlink:type="resource" xml:lang="en-US">Discretionary contribution</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefinedContributionPlanEmployerDiscretionaryContributionAmount" xlink:title="label: DefinedContributionPlanEmployerDiscretionaryContributionAmount to label_DefinedContributionPlanEmployerDiscretionaryContributionAmount" xlink:to="label_DefinedContributionPlanEmployerDiscretionaryContributionAmount_2" xlink:type="arc"/>
    <label id="label_DefinedContributionPlanEmployerDiscretionaryContributionAmount_3" xlink:label="label_DefinedContributionPlanEmployerDiscretionaryContributionAmount_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DefinedContributionPlanEmployerDiscretionaryContributionAmount" xlink:type="resource" xml:lang="en-US">Discretionary company's contribition to employee saving plan</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefinedContributionPlanEmployerDiscretionaryContributionAmount" xlink:title="label: DefinedContributionPlanEmployerDiscretionaryContributionAmount to label_DefinedContributionPlanEmployerDiscretionaryContributionAmount" xlink:to="label_DefinedContributionPlanEmployerDiscretionaryContributionAmount_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="DepreciationAndAmortization" xlink:title="DepreciationAndAmortization" xlink:type="locator"/>
    <label id="label_DepreciationAndAmortization" xlink:label="label_DepreciationAndAmortization" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepreciationAndAmortization" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationAndAmortization" xlink:title="label: DepreciationAndAmortization to label_DepreciationAndAmortization" xlink:to="label_DepreciationAndAmortization" xlink:type="arc"/>
    <label id="label_DepreciationAndAmortization_2" xlink:label="label_DepreciationAndAmortization_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DepreciationAndAmortization" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationAndAmortization" xlink:title="label: DepreciationAndAmortization to label_DepreciationAndAmortization" xlink:to="label_DepreciationAndAmortization_2" xlink:type="arc"/>
    <label id="label_DepreciationAndAmortization_3" xlink:label="label_DepreciationAndAmortization_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DepreciationAndAmortization" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationAndAmortization" xlink:title="label: DepreciationAndAmortization to label_DepreciationAndAmortization" xlink:to="label_DepreciationAndAmortization_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Depreciation" xlink:label="Depreciation" xlink:title="Depreciation" xlink:type="locator"/>
    <label id="label_Depreciation" xlink:label="label_Depreciation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Depreciation" xlink:type="resource" xml:lang="en-US">Depreciation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Depreciation" xlink:title="label: Depreciation to label_Depreciation" xlink:to="label_Depreciation" xlink:type="arc"/>
    <label id="label_Depreciation_2" xlink:label="label_Depreciation_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_Depreciation" xlink:type="resource" xml:lang="en-US">Additions</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Depreciation" xlink:title="label: Depreciation to label_Depreciation" xlink:to="label_Depreciation_2" xlink:type="arc"/>
    <label id="label_Depreciation_3" xlink:label="label_Depreciation_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Depreciation" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Depreciation" xlink:title="label: Depreciation to label_Depreciation" xlink:to="label_Depreciation_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssetsCurrent" xlink:label="DerivativeAssetsCurrent" xlink:title="DerivativeAssetsCurrent" xlink:type="locator"/>
    <label id="label_DerivativeAssetsCurrent" xlink:label="label_DerivativeAssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeAssetsCurrent" xlink:type="resource" xml:lang="en-US">Short-term derivative assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeAssetsCurrent" xlink:title="label: DerivativeAssetsCurrent to label_DerivativeAssetsCurrent" xlink:to="label_DerivativeAssetsCurrent" xlink:type="arc"/>
    <label id="label_DerivativeAssetsCurrent_2" xlink:label="label_DerivativeAssetsCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DerivativeAssetsCurrent" xlink:type="resource" xml:lang="en-US">Forward Freight Agreements, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeAssetsCurrent" xlink:title="label: DerivativeAssetsCurrent to label_DerivativeAssetsCurrent" xlink:to="label_DerivativeAssetsCurrent_2" xlink:type="arc"/>
    <label id="label_DerivativeAssetsCurrent_3" xlink:label="label_DerivativeAssetsCurrent_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DerivativeAssetsCurrent" xlink:type="resource" xml:lang="en-US">Total short term derivative asset</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeAssetsCurrent" xlink:title="label: DerivativeAssetsCurrent to label_DerivativeAssetsCurrent" xlink:to="label_DerivativeAssetsCurrent_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:label="DerivativeAssetsLiabilitiesAtFairValueNet" xlink:title="DerivativeAssetsLiabilitiesAtFairValueNet" xlink:type="locator"/>
    <label id="label_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:label="label_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:type="resource" xml:lang="en-US">Derivative Assets Liabilities At Fair Value Net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeAssetsLiabilitiesAtFairValueNet" xlink:title="label: DerivativeAssetsLiabilitiesAtFairValueNet to label_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:to="label_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:type="arc"/>
    <label id="label_DerivativeAssetsLiabilitiesAtFairValueNet_2" xlink:label="label_DerivativeAssetsLiabilitiesAtFairValueNet_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:type="resource" xml:lang="en-US">Total</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeAssetsLiabilitiesAtFairValueNet" xlink:title="label: DerivativeAssetsLiabilitiesAtFairValueNet to label_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:to="label_DerivativeAssetsLiabilitiesAtFairValueNet_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssetsNoncurrent" xlink:label="DerivativeAssetsNoncurrent" xlink:title="DerivativeAssetsNoncurrent" xlink:type="locator"/>
    <label id="label_DerivativeAssetsNoncurrent" xlink:label="label_DerivativeAssetsNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeAssetsNoncurrent" xlink:type="resource" xml:lang="en-US">Long-term derivate assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeAssetsNoncurrent" xlink:title="label: DerivativeAssetsNoncurrent to label_DerivativeAssetsNoncurrent" xlink:to="label_DerivativeAssetsNoncurrent" xlink:type="arc"/>
    <label id="label_DerivativeAssetsNoncurrent_2" xlink:label="label_DerivativeAssetsNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DerivativeAssetsNoncurrent" xlink:type="resource" xml:lang="en-US">Long term FFA derivative assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeAssetsNoncurrent" xlink:title="label: DerivativeAssetsNoncurrent to label_DerivativeAssetsNoncurrent" xlink:to="label_DerivativeAssetsNoncurrent_2" xlink:type="arc"/>
    <label id="label_DerivativeAssetsNoncurrent_3" xlink:label="label_DerivativeAssetsNoncurrent_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DerivativeAssetsNoncurrent" xlink:type="resource" xml:lang="en-US">Total long term derivative asset</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeAssetsNoncurrent" xlink:title="label: DerivativeAssetsNoncurrent to label_DerivativeAssetsNoncurrent" xlink:to="label_DerivativeAssetsNoncurrent_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="DerivativeAssets" xlink:title="DerivativeAssets" xlink:type="locator"/>
    <label id="label_DerivativeAssets" xlink:label="label_DerivativeAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeAssets" xlink:type="resource" xml:lang="en-US">Derivative Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeAssets" xlink:title="label: DerivativeAssets to label_DerivativeAssets" xlink:to="label_DerivativeAssets" xlink:type="arc"/>
    <label id="label_DerivativeAssets_2" xlink:label="label_DerivativeAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DerivativeAssets" xlink:type="resource" xml:lang="en-US">FFAs</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimCash" xlink:label="DerivativeCollateralRightToReclaimCash" xlink:title="DerivativeCollateralRightToReclaimCash" xlink:type="locator"/>
    <label id="label_DerivativeCollateralRightToReclaimCash" xlink:label="label_DerivativeCollateralRightToReclaimCash" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeCollateralRightToReclaimCash" xlink:type="resource" xml:lang="en-US">Derivative Collateral Right To Reclaim Cash</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeCollateralRightToReclaimCash" xlink:title="label: DerivativeCollateralRightToReclaimCash to label_DerivativeCollateralRightToReclaimCash" xlink:to="label_DerivativeCollateralRightToReclaimCash" xlink:type="arc"/>
    <label id="label_DerivativeCollateralRightToReclaimCash_2" xlink:label="label_DerivativeCollateralRightToReclaimCash_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DerivativeCollateralRightToReclaimCash" xlink:type="resource" xml:lang="en-US">LCH FFAs portion of fair value transferred to LCH derivative account</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral" xlink:label="DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral" xlink:title="DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral" xlink:type="locator"/>
    <label id="label_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral" xlink:label="label_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral" xlink:type="resource" xml:lang="en-US">Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral" xlink:title="label: DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral to label_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral" xlink:to="label_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral" xlink:type="arc"/>
    <label id="label_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral_2" xlink:label="label_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral" xlink:type="resource" xml:lang="en-US">FFAs</label>
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    <label id="label_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral_3" xlink:label="label_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral" xlink:type="resource" xml:lang="en-US">Short term FFA derivative assets</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeNetAbstract" xlink:label="DerivativeFairValueOfDerivativeNetAbstract" xlink:title="DerivativeFairValueOfDerivativeNetAbstract" xlink:type="locator"/>
    <label id="label_DerivativeFairValueOfDerivativeNetAbstract" xlink:label="label_DerivativeFairValueOfDerivativeNetAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeFairValueOfDerivativeNetAbstract" xlink:type="resource" xml:lang="en-US">FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="DerivativeLineItems" xlink:title="DerivativeLineItems" xlink:type="locator"/>
    <label id="label_DerivativeLineItems" xlink:label="label_DerivativeLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeLineItems" xlink:type="resource" xml:lang="en-US">Derivative [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeLineItems" xlink:title="label: DerivativeLineItems to label_DerivativeLineItems" xlink:to="label_DerivativeLineItems" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeLossOnDerivative" xlink:label="DerivativeLossOnDerivative" xlink:title="DerivativeLossOnDerivative" xlink:type="locator"/>
    <label id="label_DerivativeLossOnDerivative" xlink:label="label_DerivativeLossOnDerivative" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeLossOnDerivative" xlink:type="resource" xml:lang="en-US">Derivative, Loss on Derivative</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeLossOnDerivative" xlink:title="label: DerivativeLossOnDerivative to label_DerivativeLossOnDerivative" xlink:to="label_DerivativeLossOnDerivative" xlink:type="arc"/>
    <label id="label_DerivativeLossOnDerivative_2" xlink:label="label_DerivativeLossOnDerivative_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DerivativeLossOnDerivative" xlink:type="resource" xml:lang="en-US">Net losses on FFA's derivatives</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeLossOnDerivative" xlink:title="label: DerivativeLossOnDerivative to label_DerivativeLossOnDerivative" xlink:to="label_DerivativeLossOnDerivative_2" xlink:type="arc"/>
    <label id="label_DerivativeLossOnDerivative_3" xlink:label="label_DerivativeLossOnDerivative_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DerivativeLossOnDerivative" xlink:type="resource" xml:lang="en-US">Loss on derivatives</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeLossOnDerivative" xlink:title="label: DerivativeLossOnDerivative to label_DerivativeLossOnDerivative" xlink:to="label_DerivativeLossOnDerivative_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeTable" xlink:label="DerivativeTable" xlink:title="DerivativeTable" xlink:type="locator"/>
    <label id="label_DerivativeTable" xlink:label="label_DerivativeTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeTable" xlink:type="resource" xml:lang="en-US">Derivative [Table]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeTable" xlink:title="label: DerivativeTable to label_DerivativeTable" xlink:to="label_DerivativeTable" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativesAndFairValueTextBlock" xlink:label="DerivativesAndFairValueTextBlock" xlink:title="DerivativesAndFairValueTextBlock" xlink:type="locator"/>
    <label id="label_DerivativesAndFairValueTextBlock" xlink:label="label_DerivativesAndFairValueTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativesAndFairValueTextBlock" xlink:type="resource" xml:lang="en-US">Derivatives And Fair Value [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativesAndFairValueTextBlock" xlink:title="label: DerivativesAndFairValueTextBlock to label_DerivativesAndFairValueTextBlock" xlink:to="label_DerivativesAndFairValueTextBlock" xlink:type="arc"/>
    <label id="label_DerivativesAndFairValueTextBlock_2" xlink:label="label_DerivativesAndFairValueTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DerivativesAndFairValueTextBlock" xlink:type="resource" xml:lang="en-US">FAIR VALUE OF FINANCIAL INSTRUMENTS</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativesAndFairValueTextBlock" xlink:title="label: DerivativesAndFairValueTextBlock to label_DerivativesAndFairValueTextBlock" xlink:to="label_DerivativesAndFairValueTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativesPolicyTextBlock" xlink:label="DerivativesPolicyTextBlock" xlink:title="DerivativesPolicyTextBlock" xlink:type="locator"/>
    <label id="label_DerivativesPolicyTextBlock" xlink:label="label_DerivativesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativesPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Financial Instruments [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativesPolicyTextBlock" xlink:title="label: DerivativesPolicyTextBlock to label_DerivativesPolicyTextBlock" xlink:to="label_DerivativesPolicyTextBlock" xlink:type="arc"/>
    <label id="label_DerivativesPolicyTextBlock_2" xlink:label="label_DerivativesPolicyTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DerivativesPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Financial Instruments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativesPolicyTextBlock" xlink:title="label: DerivativesPolicyTextBlock to label_DerivativesPolicyTextBlock" xlink:to="label_DerivativesPolicyTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans" xlink:label="DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans" xlink:title="DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans" xlink:type="locator"/>
    <label id="label_DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans" xlink:label="label_DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans" xlink:type="resource" xml:lang="en-US">Description Of Defined Contribution Pension And Other Postretirement Plans</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans" xlink:title="label: DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans to label_DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans" xlink:to="label_DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans" xlink:type="arc"/>
    <label id="label_DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans_2" xlink:label="label_DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans" xlink:type="resource" xml:lang="en-US">Description of defined contribution pension and other postretirement plans</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans" xlink:title="label: DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans to label_DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans" xlink:to="label_DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DirectOperatingCosts" xlink:label="DirectOperatingCosts" xlink:title="DirectOperatingCosts" xlink:type="locator"/>
    <label id="label_DirectOperatingCosts" xlink:label="label_DirectOperatingCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DirectOperatingCosts" xlink:type="resource" xml:lang="en-US">Direct vessel expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DirectOperatingCosts" xlink:title="label: DirectOperatingCosts to label_DirectOperatingCosts" xlink:to="label_DirectOperatingCosts" xlink:type="arc"/>
    <label id="label_DirectOperatingCosts_2" xlink:label="label_DirectOperatingCosts_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DirectOperatingCosts" xlink:type="resource" xml:lang="en-US">Direct vessel expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DirectOperatingCosts" xlink:title="label: DirectOperatingCosts to label_DirectOperatingCosts" xlink:to="label_DirectOperatingCosts_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:title="DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:type="locator"/>
    <label id="label_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="label_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:type="resource" xml:lang="en-US">EMPLOYEE BENEFIT PLANS [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:title="label: DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract to label_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="label_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock" xlink:label="DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock" xlink:title="DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock" xlink:type="locator"/>
    <label id="label_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock" xlink:label="label_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock" xlink:type="resource" xml:lang="en-US">Disclosure Of Share Based Compensation Arrangements By Share Based Payment Award [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock" xlink:title="label: DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock to label_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock" xlink:to="label_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock" xlink:type="arc"/>
    <label id="label_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_2" xlink:label="label_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock" xlink:type="resource" xml:lang="en-US">Summary of stock based awards</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock" xlink:title="label: DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock to label_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock" xlink:to="label_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DisposalDate1" xlink:label="DisposalDate1" xlink:title="DisposalDate1" xlink:type="locator"/>
    <label id="label_DisposalDate1" xlink:label="label_DisposalDate1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisposalDate1" xlink:type="resource" xml:lang="en-US">Disposal Date1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalDate1" xlink:title="label: DisposalDate1 to label_DisposalDate1" xlink:to="label_DisposalDate1" xlink:type="arc"/>
    <label id="label_DisposalDate1_2" xlink:label="label_DisposalDate1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisposalDate1" xlink:type="resource" xml:lang="en-US">Date of deconsolidation of Navios Acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalDate1" xlink:title="label: DisposalDate1 to label_DisposalDate1" xlink:to="label_DisposalDate1_2" xlink:type="arc"/>
    <label id="label_DisposalDate1_3" xlink:label="label_DisposalDate1_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DisposalDate1" xlink:type="resource" xml:lang="en-US">Disposal date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalDate1" xlink:title="label: DisposalDate1 to label_DisposalDate1" xlink:to="label_DisposalDate1_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DividendPaidMember" xlink:label="DividendPaidMember" xlink:title="DividendPaidMember" xlink:type="locator"/>
    <label id="label_DividendPaidMember" xlink:label="label_DividendPaidMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendPaidMember" xlink:type="resource" xml:lang="en-US">Dividend Paid [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendPaidMember" xlink:title="label: DividendPaidMember to label_DividendPaidMember" xlink:to="label_DividendPaidMember" xlink:type="arc"/>
    <label id="label_DividendPaidMember_2" xlink:label="label_DividendPaidMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendPaidMember" xlink:type="resource" xml:lang="en-US">Dividend paid</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendPaidMember" xlink:title="label: DividendPaidMember to label_DividendPaidMember" xlink:to="label_DividendPaidMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DividendPayableDateToBePaidDayMonthAndYear" xlink:label="DividendPayableDateToBePaidDayMonthAndYear" xlink:title="DividendPayableDateToBePaidDayMonthAndYear" xlink:type="locator"/>
    <label id="label_DividendPayableDateToBePaidDayMonthAndYear" xlink:label="label_DividendPayableDateToBePaidDayMonthAndYear" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendPayableDateToBePaidDayMonthAndYear" xlink:type="resource" xml:lang="en-US">Dividend Payable Date To Be Paid Day Month And Year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendPayableDateToBePaidDayMonthAndYear" xlink:title="label: DividendPayableDateToBePaidDayMonthAndYear to label_DividendPayableDateToBePaidDayMonthAndYear" xlink:to="label_DividendPayableDateToBePaidDayMonthAndYear" xlink:type="arc"/>
    <label id="label_DividendPayableDateToBePaidDayMonthAndYear_2" xlink:label="label_DividendPayableDateToBePaidDayMonthAndYear_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendPayableDateToBePaidDayMonthAndYear" xlink:type="resource" xml:lang="en-US">Dividend payment date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendPayableDateToBePaidDayMonthAndYear" xlink:title="label: DividendPayableDateToBePaidDayMonthAndYear to label_DividendPayableDateToBePaidDayMonthAndYear" xlink:to="label_DividendPayableDateToBePaidDayMonthAndYear_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DividendsAxis" xlink:label="DividendsAxis" xlink:title="DividendsAxis" xlink:type="locator"/>
    <label id="label_DividendsAxis" xlink:label="label_DividendsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsAxis" xlink:type="resource" xml:lang="en-US">Dividends [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsAxis" xlink:title="label: DividendsAxis to label_DividendsAxis" xlink:to="label_DividendsAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DividendsDomain" xlink:label="DividendsDomain" xlink:title="DividendsDomain" xlink:type="locator"/>
    <label id="label_DividendsDomain" xlink:label="label_DividendsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsDomain" xlink:type="resource" xml:lang="en-US">Dividends [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsDomain" xlink:title="label: DividendsDomain to label_DividendsDomain" xlink:to="label_DividendsDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:label="DividendsPayableCurrentAndNoncurrent" xlink:title="DividendsPayableCurrentAndNoncurrent" xlink:type="locator"/>
    <label id="label_DividendsPayableCurrentAndNoncurrent" xlink:label="label_DividendsPayableCurrentAndNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPayableCurrentAndNoncurrent" xlink:type="resource" xml:lang="en-US">Dividends Payable Current And Noncurrent</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableCurrentAndNoncurrent" xlink:title="label: DividendsPayableCurrentAndNoncurrent to label_DividendsPayableCurrentAndNoncurrent" xlink:to="label_DividendsPayableCurrentAndNoncurrent" xlink:type="arc"/>
    <label id="label_DividendsPayableCurrentAndNoncurrent_2" xlink:label="label_DividendsPayableCurrentAndNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsPayableCurrentAndNoncurrent" xlink:type="resource" xml:lang="en-US">Dividends payable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableCurrentAndNoncurrent" xlink:title="label: DividendsPayableCurrentAndNoncurrent to label_DividendsPayableCurrentAndNoncurrent" xlink:to="label_DividendsPayableCurrentAndNoncurrent_2" xlink:type="arc"/>
    <label id="label_DividendsPayableCurrentAndNoncurrent_3" xlink:label="label_DividendsPayableCurrentAndNoncurrent_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DividendsPayableCurrentAndNoncurrent" xlink:type="resource" xml:lang="en-US">Dividends</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableCurrentAndNoncurrent" xlink:title="label: DividendsPayableCurrentAndNoncurrent to label_DividendsPayableCurrentAndNoncurrent" xlink:to="label_DividendsPayableCurrentAndNoncurrent_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DividendsPayableCurrent" xlink:label="DividendsPayableCurrent" xlink:title="DividendsPayableCurrent" xlink:type="locator"/>
    <label id="label_DividendsPayableCurrent" xlink:label="label_DividendsPayableCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPayableCurrent" xlink:type="resource" xml:lang="en-US">Dividends Payable, Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableCurrent" xlink:title="label: DividendsPayableCurrent to label_DividendsPayableCurrent" xlink:to="label_DividendsPayableCurrent" xlink:type="arc"/>
    <label id="label_DividendsPayableCurrent_2" xlink:label="label_DividendsPayableCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsPayableCurrent" xlink:type="resource" xml:lang="en-US">Dividends</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableCurrent" xlink:title="label: DividendsPayableCurrent to label_DividendsPayableCurrent" xlink:to="label_DividendsPayableCurrent_2" xlink:type="arc"/>
    <label id="label_DividendsPayableCurrent_3" xlink:label="label_DividendsPayableCurrent_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DividendsPayableCurrent" xlink:type="resource" xml:lang="en-US">Dividends payable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableCurrent" xlink:title="label: DividendsPayableCurrent to label_DividendsPayableCurrent" xlink:to="label_DividendsPayableCurrent_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DividendsPayableDateOfRecordDayMonthAndYear" xlink:label="DividendsPayableDateOfRecordDayMonthAndYear" xlink:title="DividendsPayableDateOfRecordDayMonthAndYear" xlink:type="locator"/>
    <label id="label_DividendsPayableDateOfRecordDayMonthAndYear" xlink:label="label_DividendsPayableDateOfRecordDayMonthAndYear" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPayableDateOfRecordDayMonthAndYear" xlink:type="resource" xml:lang="en-US">Dividends Payable Date Of Record Day Month And Year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableDateOfRecordDayMonthAndYear" xlink:title="label: DividendsPayableDateOfRecordDayMonthAndYear to label_DividendsPayableDateOfRecordDayMonthAndYear" xlink:to="label_DividendsPayableDateOfRecordDayMonthAndYear" xlink:type="arc"/>
    <label id="label_DividendsPayableDateOfRecordDayMonthAndYear_2" xlink:label="label_DividendsPayableDateOfRecordDayMonthAndYear_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsPayableDateOfRecordDayMonthAndYear" xlink:type="resource" xml:lang="en-US">Dividend record date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableDateOfRecordDayMonthAndYear" xlink:title="label: DividendsPayableDateOfRecordDayMonthAndYear to label_DividendsPayableDateOfRecordDayMonthAndYear" xlink:to="label_DividendsPayableDateOfRecordDayMonthAndYear_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="DividendsPreferredStock" xlink:title="DividendsPreferredStock" xlink:type="locator"/>
    <label id="label_DividendsPreferredStock" xlink:label="label_DividendsPreferredStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPreferredStock" xlink:type="resource" xml:lang="en-US">Dividends Preferred Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPreferredStock" xlink:title="label: DividendsPreferredStock to label_DividendsPreferredStock" xlink:to="label_DividendsPreferredStock" xlink:type="arc"/>
    <label id="label_DividendsPreferredStock_2" xlink:label="label_DividendsPreferredStock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsPreferredStock" xlink:type="resource" xml:lang="en-US">Preferred stock dividends of subsidiary attributable to the noncontrolling interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPreferredStock" xlink:title="label: DividendsPreferredStock to label_DividendsPreferredStock" xlink:to="label_DividendsPreferredStock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Dividends" xlink:label="Dividends" xlink:title="Dividends" xlink:type="locator"/>
    <label id="label_Dividends" xlink:label="label_Dividends" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Dividends" xlink:type="resource" xml:lang="en-US">Dividends</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Dividends" xlink:title="label: Dividends to label_Dividends" xlink:to="label_Dividends" xlink:type="arc"/>
    <label id="label_Dividends_2" xlink:label="label_Dividends_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_Dividends" xlink:type="resource" xml:lang="en-US">Dividends paid to noncontrolling shareholders</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Dividends" xlink:title="label: Dividends to label_Dividends" xlink:to="label_Dividends_2" xlink:type="arc"/>
    <label id="label_Dividends_3" xlink:label="label_Dividends_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Dividends" xlink:type="resource" xml:lang="en-US">Dividends declared</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Dividends" xlink:title="label: Dividends to label_Dividends" xlink:to="label_Dividends_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DueFromAffiliateCurrent" xlink:label="DueFromAffiliateCurrent" xlink:title="DueFromAffiliateCurrent" xlink:type="locator"/>
    <label id="label_DueFromAffiliateCurrent" xlink:label="label_DueFromAffiliateCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DueFromAffiliateCurrent" xlink:type="resource" xml:lang="en-US">Due from affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromAffiliateCurrent" xlink:title="label: DueFromAffiliateCurrent to label_DueFromAffiliateCurrent" xlink:to="label_DueFromAffiliateCurrent" xlink:type="arc"/>
    <label id="label_DueFromAffiliateCurrent_2" xlink:label="label_DueFromAffiliateCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DueFromAffiliateCurrent" xlink:type="resource" xml:lang="en-US">Due from affiliate current amounts</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromAffiliateCurrent" xlink:title="label: DueFromAffiliateCurrent to label_DueFromAffiliateCurrent" xlink:to="label_DueFromAffiliateCurrent_2" xlink:type="arc"/>
    <label id="label_DueFromAffiliateCurrent_3" xlink:label="label_DueFromAffiliateCurrent_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DueFromAffiliateCurrent" xlink:type="resource" xml:lang="en-US">Due from affiliate, current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromAffiliateCurrent" xlink:title="label: DueFromAffiliateCurrent to label_DueFromAffiliateCurrent" xlink:to="label_DueFromAffiliateCurrent_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DueFromAffiliateNoncurrent" xlink:label="DueFromAffiliateNoncurrent" xlink:title="DueFromAffiliateNoncurrent" xlink:type="locator"/>
    <label id="label_DueFromAffiliateNoncurrent" xlink:label="label_DueFromAffiliateNoncurrent" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_DueFromAffiliateNoncurrent" xlink:type="resource" xml:lang="en-US">Due from affiliate non current amounts</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromAffiliateNoncurrent" xlink:title="label: DueFromAffiliateNoncurrent to label_DueFromAffiliateNoncurrent" xlink:to="label_DueFromAffiliateNoncurrent" xlink:type="arc"/>
    <label id="label_DueFromAffiliateNoncurrent_2" xlink:label="label_DueFromAffiliateNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:title="label_DueFromAffiliateNoncurrent" xlink:type="resource" xml:lang="en-US">Other long-term receivable from affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromAffiliateNoncurrent" xlink:title="label: DueFromAffiliateNoncurrent to label_DueFromAffiliateNoncurrent" xlink:to="label_DueFromAffiliateNoncurrent_2" xlink:type="arc"/>
    <label id="label_DueFromAffiliateNoncurrent_3" xlink:label="label_DueFromAffiliateNoncurrent_3" xlink:role="http://www.xbrl.org/2003/role/positiveVerboseLabel" xlink:title="label_DueFromAffiliateNoncurrent" xlink:type="resource" xml:lang="en-US">Due from affiliate, non current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromAffiliateNoncurrent" xlink:title="label: DueFromAffiliateNoncurrent to label_DueFromAffiliateNoncurrent" xlink:to="label_DueFromAffiliateNoncurrent_3" xlink:type="arc"/>
    <label id="label_DueFromAffiliateNoncurrent_4" xlink:label="label_DueFromAffiliateNoncurrent_4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DueFromAffiliateNoncurrent" xlink:type="resource" xml:lang="en-US">Long-term receivable from affiliate company - Book Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromAffiliateNoncurrent" xlink:title="label: DueFromAffiliateNoncurrent to label_DueFromAffiliateNoncurrent" xlink:to="label_DueFromAffiliateNoncurrent_4" xlink:type="arc"/>
    <label id="label_DueFromAffiliateNoncurrent_5" xlink:label="label_DueFromAffiliateNoncurrent_5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DueFromAffiliateNoncurrent" xlink:type="resource" xml:lang="en-US">Long-term receivable from affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromAffiliateNoncurrent" xlink:title="label: DueFromAffiliateNoncurrent to label_DueFromAffiliateNoncurrent" xlink:to="label_DueFromAffiliateNoncurrent_5" xlink:type="arc"/>
    <label id="label_DueFromAffiliateNoncurrent_6" xlink:label="label_DueFromAffiliateNoncurrent_6" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DueFromAffiliateNoncurrent" xlink:type="resource" xml:lang="en-US">Long-term receivable from affiliate companies, including current portion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromAffiliateNoncurrent" xlink:title="label: DueFromAffiliateNoncurrent to label_DueFromAffiliateNoncurrent" xlink:to="label_DueFromAffiliateNoncurrent_6" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DueFromAffiliates" xlink:label="DueFromAffiliates" xlink:title="DueFromAffiliates" xlink:type="locator"/>
    <label id="label_DueFromAffiliates" xlink:label="label_DueFromAffiliates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DueFromAffiliates" xlink:type="resource" xml:lang="en-US">Due From Affiliates</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromAffiliates" xlink:title="label: DueFromAffiliates to label_DueFromAffiliates" xlink:to="label_DueFromAffiliates" xlink:type="arc"/>
    <label id="label_DueFromAffiliates_2" xlink:label="label_DueFromAffiliates_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DueFromAffiliates" xlink:type="resource" xml:lang="en-US">Due from affiliate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromAffiliates" xlink:title="label: DueFromAffiliates to label_DueFromAffiliates" xlink:to="label_DueFromAffiliates_2" xlink:type="arc"/>
    <label id="label_DueFromAffiliates_3" xlink:label="label_DueFromAffiliates_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DueFromAffiliates" xlink:type="resource" xml:lang="en-US">Due from affiliate, total</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromAffiliates" xlink:title="label: DueFromAffiliates to label_DueFromAffiliates" xlink:to="label_DueFromAffiliates_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DueFromRelatedPartiesCurrent" xlink:label="DueFromRelatedPartiesCurrent" xlink:title="DueFromRelatedPartiesCurrent" xlink:type="locator"/>
    <label id="label_DueFromRelatedPartiesCurrent" xlink:label="label_DueFromRelatedPartiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DueFromRelatedPartiesCurrent" xlink:type="resource" xml:lang="en-US">Due from Related Parties, Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromRelatedPartiesCurrent" xlink:title="label: DueFromRelatedPartiesCurrent to label_DueFromRelatedPartiesCurrent" xlink:to="label_DueFromRelatedPartiesCurrent" xlink:type="arc"/>
    <label id="label_DueFromRelatedPartiesCurrent_2" xlink:label="label_DueFromRelatedPartiesCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DueFromRelatedPartiesCurrent" xlink:type="resource" xml:lang="en-US">Long-term receivable from affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromRelatedPartiesCurrent" xlink:title="label: DueFromRelatedPartiesCurrent to label_DueFromRelatedPartiesCurrent" xlink:to="label_DueFromRelatedPartiesCurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DueToAffiliateCurrentAndNoncurrent" xlink:label="DueToAffiliateCurrentAndNoncurrent" xlink:title="DueToAffiliateCurrentAndNoncurrent" xlink:type="locator"/>
    <label id="label_DueToAffiliateCurrentAndNoncurrent" xlink:label="label_DueToAffiliateCurrentAndNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DueToAffiliateCurrentAndNoncurrent" xlink:type="resource" xml:lang="en-US">Due to Affiliate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueToAffiliateCurrentAndNoncurrent" xlink:title="label: DueToAffiliateCurrentAndNoncurrent to label_DueToAffiliateCurrentAndNoncurrent" xlink:to="label_DueToAffiliateCurrentAndNoncurrent" xlink:type="arc"/>
    <label id="label_DueToAffiliateCurrentAndNoncurrent_2" xlink:label="label_DueToAffiliateCurrentAndNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DueToAffiliateCurrentAndNoncurrent" xlink:type="resource" xml:lang="en-US">Due to affiliate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueToAffiliateCurrentAndNoncurrent" xlink:title="label: DueToAffiliateCurrentAndNoncurrent to label_DueToAffiliateCurrentAndNoncurrent" xlink:to="label_DueToAffiliateCurrentAndNoncurrent_2" xlink:type="arc"/>
    <label id="label_DueToAffiliateCurrentAndNoncurrent_3" xlink:label="label_DueToAffiliateCurrentAndNoncurrent_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DueToAffiliateCurrentAndNoncurrent" xlink:type="resource" xml:lang="en-US">Loan payable to affiliate companies, including current portion - Book Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueToAffiliateCurrentAndNoncurrent" xlink:title="label: DueToAffiliateCurrentAndNoncurrent to label_DueToAffiliateCurrentAndNoncurrent" xlink:to="label_DueToAffiliateCurrentAndNoncurrent_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DueToAffiliateCurrent" xlink:label="DueToAffiliateCurrent" xlink:title="DueToAffiliateCurrent" xlink:type="locator"/>
    <label id="label_DueToAffiliateCurrent" xlink:label="label_DueToAffiliateCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DueToAffiliateCurrent" xlink:type="resource" xml:lang="en-US">Due To Affiliate Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueToAffiliateCurrent" xlink:title="label: DueToAffiliateCurrent to label_DueToAffiliateCurrent" xlink:to="label_DueToAffiliateCurrent" xlink:type="arc"/>
    <label id="label_DueToAffiliateCurrent_2" xlink:label="label_DueToAffiliateCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DueToAffiliateCurrent" xlink:type="resource" xml:lang="en-US">Due to affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueToAffiliateCurrent" xlink:title="label: DueToAffiliateCurrent to label_DueToAffiliateCurrent" xlink:to="label_DueToAffiliateCurrent_2" xlink:type="arc"/>
    <label id="label_DueToAffiliateCurrent_3" xlink:label="label_DueToAffiliateCurrent_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DueToAffiliateCurrent" xlink:type="resource" xml:lang="en-US">Due to affiliate, current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueToAffiliateCurrent" xlink:title="label: DueToAffiliateCurrent to label_DueToAffiliateCurrent" xlink:to="label_DueToAffiliateCurrent_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DueToAffiliateNoncurrent" xlink:label="DueToAffiliateNoncurrent" xlink:title="DueToAffiliateNoncurrent" xlink:type="locator"/>
    <label id="label_DueToAffiliateNoncurrent_3" xlink:label="label_DueToAffiliateNoncurrent" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_DueToAffiliateNoncurrent" xlink:type="resource" xml:lang="en-US">Long-term payable to affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueToAffiliateNoncurrent" xlink:title="label: DueToAffiliateNoncurrent to label_DueToAffiliateNoncurrent" xlink:to="label_DueToAffiliateNoncurrent" xlink:type="arc"/>
    <label id="label_DueToAffiliateNoncurrent_4" xlink:label="label_DueToAffiliateNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DueToAffiliateNoncurrent" xlink:type="resource" xml:lang="en-US">Due To Affiliate Noncurrent</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueToAffiliateNoncurrent" xlink:title="label: DueToAffiliateNoncurrent to label_DueToAffiliateNoncurrent" xlink:to="label_DueToAffiliateNoncurrent_2" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityAbstract" xlink:label="EquityAbstract" xlink:title="EquityAbstract" xlink:type="locator"/>
    <label id="label_EquityAbstract" xlink:label="label_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAbstract" xlink:type="resource" xml:lang="en-US">PREFERRED AND COMMON STOCK [Abstract]</label>
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    <label id="label_EquityComponentDomain" xlink:label="label_EquityComponentDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityComponentDomain" xlink:type="resource" xml:lang="en-US">Equity Component [Domain]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityMethodInvestmentDeferredGainOnSale" xlink:label="EquityMethodInvestmentDeferredGainOnSale" xlink:title="EquityMethodInvestmentDeferredGainOnSale" xlink:type="locator"/>
    <label id="label_EquityMethodInvestmentDeferredGainOnSale" xlink:label="label_EquityMethodInvestmentDeferredGainOnSale" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityMethodInvestmentDeferredGainOnSale" xlink:type="resource" xml:lang="en-US">Equity Method Investment Deferred Gain On Sale</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:label="EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:title="EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:type="locator"/>
    <label id="label_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity_2" xlink:label="label_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:type="resource" xml:lang="en-US">Equity Method Investment Difference Between Carrying Amount And Underlying Equity</label>
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    <label id="label_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity_3" xlink:label="label_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:type="resource" xml:lang="en-US">Difference between carrying amount of investment and underlying equity in net assets of equity method investee</label>
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    <label id="label_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:label="label_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:type="resource" xml:lang="en-US">Unamortized basis difference</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityMethodInvestmentDividendsOrDistributions" xlink:label="EquityMethodInvestmentDividendsOrDistributions" xlink:title="EquityMethodInvestmentDividendsOrDistributions" xlink:type="locator"/>
    <label id="label_EquityMethodInvestmentDividendsOrDistributions" xlink:label="label_EquityMethodInvestmentDividendsOrDistributions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityMethodInvestmentDividendsOrDistributions" xlink:type="resource" xml:lang="en-US">Equity Method Investment Dividends Or Distributions</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment" xlink:label="EquityMethodInvestmentOtherThanTemporaryImpairment" xlink:title="EquityMethodInvestmentOtherThanTemporaryImpairment" xlink:type="locator"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityMethodInvestmentQuotedMarketValue" xlink:label="EquityMethodInvestmentQuotedMarketValue" xlink:title="EquityMethodInvestmentQuotedMarketValue" xlink:type="locator"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAbstract" xlink:label="EquityMethodInvestmentSummarizedFinancialInformationAbstract" xlink:title="EquityMethodInvestmentSummarizedFinancialInformationAbstract" xlink:type="locator"/>
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    <label id="label_FairValueByFairValueHierarchyLevelAxis" xlink:label="label_FairValueByFairValueHierarchyLevelAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueByFairValueHierarchyLevelAxis" xlink:type="resource" xml:lang="en-US">Fair Value By Fair Value Hierarchy Level [Axis]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:label="FairValueDisclosureItemAmountsDomain" xlink:title="FairValueDisclosureItemAmountsDomain" xlink:type="locator"/>
    <label id="label_FairValueDisclosureItemAmountsDomain" xlink:label="label_FairValueDisclosureItemAmountsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueDisclosureItemAmountsDomain" xlink:type="resource" xml:lang="en-US">Fair Value Disclosure Item Amounts [Domain]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="FairValueInputsLevel1Member" xlink:title="FairValueInputsLevel1Member" xlink:type="locator"/>
    <label id="label_FairValueInputsLevel1Member" xlink:label="label_FairValueInputsLevel1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueInputsLevel1Member" xlink:type="resource" xml:lang="en-US">Fair Value Inputs Level1 [Member]</label>
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    <label id="label_FairValueInputsLevel1Member_2" xlink:label="label_FairValueInputsLevel1Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FairValueInputsLevel1Member" xlink:type="resource" xml:lang="en-US">(Level I)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueInputsLevel1Member" xlink:title="label: FairValueInputsLevel1Member to label_FairValueInputsLevel1Member" xlink:to="label_FairValueInputsLevel1Member_2" xlink:type="arc"/>
    <label id="label_FairValueInputsLevel1Member_3" xlink:label="label_FairValueInputsLevel1Member_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FairValueInputsLevel1Member" xlink:type="resource" xml:lang="en-US">Quoted Prices in Active Markets for Identical Assets (Level I)</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="FairValueInputsLevel2Member" xlink:title="FairValueInputsLevel2Member" xlink:type="locator"/>
    <label id="label_FairValueInputsLevel2Member" xlink:label="label_FairValueInputsLevel2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueInputsLevel2Member" xlink:type="resource" xml:lang="en-US">Fair Value Inputs Level2 [Member]</label>
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    <label id="label_FairValueInputsLevel2Member_2" xlink:label="label_FairValueInputsLevel2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FairValueInputsLevel2Member" xlink:type="resource" xml:lang="en-US">(Level II)</label>
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    <label id="label_FairValueInputsLevel3Member" xlink:label="label_FairValueInputsLevel3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueInputsLevel3Member" xlink:type="resource" xml:lang="en-US">Fair Value Inputs Level3 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueInputsLevel3Member" xlink:title="label: FairValueInputsLevel3Member to label_FairValueInputsLevel3Member" xlink:to="label_FairValueInputsLevel3Member" xlink:type="arc"/>
    <label id="label_FairValueInputsLevel3Member_2" xlink:label="label_FairValueInputsLevel3Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FairValueInputsLevel3Member" xlink:type="resource" xml:lang="en-US">(Level III)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueInputsLevel3Member" xlink:title="label: FairValueInputsLevel3Member to label_FairValueInputsLevel3Member" xlink:to="label_FairValueInputsLevel3Member_2" xlink:type="arc"/>
    <label id="label_FairValueInputsLevel3Member_3" xlink:label="label_FairValueInputsLevel3Member_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FairValueInputsLevel3Member" xlink:type="resource" xml:lang="en-US">Significant Unobservable Inputs (Level III)</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="FairValueMeasurementFrequencyDomain" xlink:title="FairValueMeasurementFrequencyDomain" xlink:type="locator"/>
    <label id="label_FairValueMeasurementFrequencyDomain" xlink:label="label_FairValueMeasurementFrequencyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueMeasurementFrequencyDomain" xlink:type="resource" xml:lang="en-US">Fair Value, Measurement Frequency [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueMeasurementFrequencyDomain" xlink:title="label: FairValueMeasurementFrequencyDomain to label_FairValueMeasurementFrequencyDomain" xlink:to="label_FairValueMeasurementFrequencyDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="FairValueMeasurementsFairValueHierarchyDomain" xlink:title="FairValueMeasurementsFairValueHierarchyDomain" xlink:type="locator"/>
    <label id="label_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="label_FairValueMeasurementsFairValueHierarchyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueMeasurementsFairValueHierarchyDomain" xlink:type="resource" xml:lang="en-US">Fair Value Measurements Fair Value Hierarchy [Domain]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsNonrecurringMember" xlink:label="FairValueMeasurementsNonrecurringMember" xlink:title="FairValueMeasurementsNonrecurringMember" xlink:type="locator"/>
    <label id="label_FairValueMeasurementsNonrecurringMember" xlink:label="label_FairValueMeasurementsNonrecurringMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueMeasurementsNonrecurringMember" xlink:type="resource" xml:lang="en-US">Fair Value, Measurements, Nonrecurring [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueMeasurementsNonrecurringMember" xlink:title="label: FairValueMeasurementsNonrecurringMember to label_FairValueMeasurementsNonrecurringMember" xlink:to="label_FairValueMeasurementsNonrecurringMember" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueMeasurementsNonrecurringMember" xlink:title="label: FairValueMeasurementsNonrecurringMember to label_FairValueMeasurementsNonrecurringMember" xlink:to="label_FairValueMeasurementsNonrecurringMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:label="FairValueMeasurementsRecurringMember" xlink:title="FairValueMeasurementsRecurringMember" xlink:type="locator"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueMeasurementsRecurringMember" xlink:title="label: FairValueMeasurementsRecurringMember to label_FairValueMeasurementsRecurringMember" xlink:to="label_FairValueMeasurementsRecurringMember" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueMeasurementsRecurringMember" xlink:title="label: FairValueMeasurementsRecurringMember to label_FairValueMeasurementsRecurringMember" xlink:to="label_FairValueMeasurementsRecurringMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:label="FairValueOfFinancialInstrumentsPolicy" xlink:title="FairValueOfFinancialInstrumentsPolicy" xlink:type="locator"/>
    <label id="label_FairValueOfFinancialInstrumentsPolicy" xlink:label="label_FairValueOfFinancialInstrumentsPolicy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueOfFinancialInstrumentsPolicy" xlink:type="resource" xml:lang="en-US">Financial Instruments and Fair Value [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueOfFinancialInstrumentsPolicy" xlink:title="label: FairValueOfFinancialInstrumentsPolicy to label_FairValueOfFinancialInstrumentsPolicy" xlink:to="label_FairValueOfFinancialInstrumentsPolicy" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsRiskManagementActivitiesMitigatingClaimLiabilitiesAccruedLiabilities" xlink:label="FinancialGuaranteeInsuranceContractsRiskManagementActivitiesMitigatingClaimLiabilitiesAccruedLiabilities" xlink:title="FinancialGuaranteeInsuranceContractsRiskManagementActivitiesMitigatingClaimLiabilitiesAccruedLiabilities" xlink:type="locator"/>
    <label id="label_FinancialGuaranteeInsuranceContractsRiskManagementActivitiesMitigatingClaimLiabilitiesAccruedLiabilities" xlink:label="label_FinancialGuaranteeInsuranceContractsRiskManagementActivitiesMitigatingClaimLiabilitiesAccruedLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialGuaranteeInsuranceContractsRiskManagementActivitiesMitigatingClaimLiabilitiesAccruedLiabilities" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Risk Management Activities, Mitigating Claim Liabilities, Accrued Liabilities</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" xlink:label="FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" xlink:title="FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" xlink:type="locator"/>
    <label id="label_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" xlink:label="label_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" xlink:type="resource" xml:lang="en-US">Finite Lived Intangible Assets Amortization Expense After Year Five</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" xlink:title="label: FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive to label_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" xlink:to="label_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:label="FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:title="FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:type="locator"/>
    <label id="label_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:label="label_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:type="resource" xml:lang="en-US">Finite Lived Intangible Assets Amortization Expense Next Twelve Months</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:title="label: FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths to label_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:to="label_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock" xlink:title="label: FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock to label_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock" xlink:to="label_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock" xlink:type="arc"/>
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    <label id="label_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:label="label_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:type="resource" xml:lang="en-US">Finite Lived Intangible Assets Amortization Expense Year Five</label>
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    <label id="label_FiniteLivedIntangibleAssetsGross" xlink:label="label_FiniteLivedIntangibleAssetsGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FiniteLivedIntangibleAssetsGross" xlink:type="resource" xml:lang="en-US">Finite Lived Intangible Assets Gross</label>
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    <label id="label_FiniteLivedIntangibleAssetsGross_3" xlink:label="label_FiniteLivedIntangibleAssetsGross_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FiniteLivedIntangibleAssetsGross" xlink:type="resource" xml:lang="en-US">Acquisition cost</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:label="FiniteLivedIntangibleAssetsLineItems" xlink:title="FiniteLivedIntangibleAssetsLineItems" xlink:type="locator"/>
    <label id="label_FiniteLivedIntangibleAssetsLineItems" xlink:label="label_FiniteLivedIntangibleAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FiniteLivedIntangibleAssetsLineItems" xlink:type="resource" xml:lang="en-US">Finite Lived Intangible Assets [Line Items]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:title="FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:type="locator"/>
    <label id="label_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="label_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:type="resource" xml:lang="en-US">Finite Lived Intangible Assets Major Class Name [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:title="label: FiniteLivedIntangibleAssetsMajorClassNameDomain to label_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:to="label_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNetAbstract" xlink:label="FiniteLivedIntangibleAssetsNetAbstract" xlink:title="FiniteLivedIntangibleAssetsNetAbstract" xlink:type="locator"/>
    <label id="label_FiniteLivedIntangibleAssetsNetAbstract" xlink:label="label_FiniteLivedIntangibleAssetsNetAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FiniteLivedIntangibleAssetsNetAbstract" xlink:type="resource" xml:lang="en-US">INTANGIBLE ASSETS/LIABILITIES OTHER THAN GOODWILL [Abstract]</label>
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    <label id="label_FiniteLivedIntangibleAssetsNet" xlink:label="label_FiniteLivedIntangibleAssetsNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FiniteLivedIntangibleAssetsNet" xlink:type="resource" xml:lang="en-US">Intangible assets other than goodwill</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ForeignCurrencyTransactionGainLossRealized" xlink:label="ForeignCurrencyTransactionGainLossRealized" xlink:title="ForeignCurrencyTransactionGainLossRealized" xlink:type="locator"/>
    <label id="label_ForeignCurrencyTransactionGainLossRealized" xlink:label="label_ForeignCurrencyTransactionGainLossRealized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignCurrencyTransactionGainLossRealized" xlink:type="resource" xml:lang="en-US">Foreign Currency Transaction Gain Loss Realized</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignCurrencyTransactionGainLossRealized" xlink:title="label: ForeignCurrencyTransactionGainLossRealized to label_ForeignCurrencyTransactionGainLossRealized" xlink:to="label_ForeignCurrencyTransactionGainLossRealized" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:label="ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:title="ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:type="locator"/>
    <label id="label_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:label="label_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Foreign Currency Translations [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:title="label: ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock to label_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:to="label_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ForwardContractsMember" xlink:label="ForwardContractsMember" xlink:title="ForwardContractsMember" xlink:type="locator"/>
    <label id="label_ForwardContractsMember" xlink:label="label_ForwardContractsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForwardContractsMember" xlink:type="resource" xml:lang="en-US">Forward Contracts [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForwardContractsMember" xlink:title="label: ForwardContractsMember to label_ForwardContractsMember" xlink:to="label_ForwardContractsMember" xlink:type="arc"/>
    <label id="label_ForwardContractsMember_2" xlink:label="label_ForwardContractsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForwardContractsMember" xlink:type="resource" xml:lang="en-US">Forward Freight Agreements</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FreshStartAdjustmentIncreaseDecreaseCapitalLeaseObligationsNoncurrent" xlink:label="FreshStartAdjustmentIncreaseDecreaseCapitalLeaseObligationsNoncurrent" xlink:title="FreshStartAdjustmentIncreaseDecreaseCapitalLeaseObligationsNoncurrent" xlink:type="locator"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GainContingenciesByNatureAxis" xlink:label="GainContingenciesByNatureAxis" xlink:title="GainContingenciesByNatureAxis" xlink:type="locator"/>
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    <label id="label_GainContingencyNatureDomain" xlink:label="label_GainContingencyNatureDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainContingencyNatureDomain" xlink:type="resource" xml:lang="en-US">Gain Contingency, Nature [Domain]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GainLossOnSaleOfPropertyPlantEquipment" xlink:label="GainLossOnSaleOfPropertyPlantEquipment" xlink:title="GainLossOnSaleOfPropertyPlantEquipment" xlink:type="locator"/>
    <label id="label_GainLossOnSaleOfPropertyPlantEquipment" xlink:label="label_GainLossOnSaleOfPropertyPlantEquipment" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_GainLossOnSaleOfPropertyPlantEquipment" xlink:type="resource" xml:lang="en-US">Gain on sale</label>
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    <label id="label_GainLossOnSaleOfPropertyPlantEquipment_3" xlink:label="label_GainLossOnSaleOfPropertyPlantEquipment_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainLossOnSaleOfPropertyPlantEquipment" xlink:type="resource" xml:lang="en-US">Gain on sale of assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossOnSaleOfPropertyPlantEquipment" xlink:title="label: GainLossOnSaleOfPropertyPlantEquipment to label_GainLossOnSaleOfPropertyPlantEquipment" xlink:to="label_GainLossOnSaleOfPropertyPlantEquipment_3" xlink:type="arc"/>
    <label id="label_GainLossOnSaleOfPropertyPlantEquipment_4" xlink:label="label_GainLossOnSaleOfPropertyPlantEquipment_4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainLossOnSaleOfPropertyPlantEquipment" xlink:type="resource" xml:lang="en-US">Gain/ (loss) on sale of assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossOnSaleOfPropertyPlantEquipment" xlink:title="label: GainLossOnSaleOfPropertyPlantEquipment to label_GainLossOnSaleOfPropertyPlantEquipment" xlink:to="label_GainLossOnSaleOfPropertyPlantEquipment_4" xlink:type="arc"/>
    <label id="label_GainLossOnSaleOfPropertyPlantEquipment_5" xlink:label="label_GainLossOnSaleOfPropertyPlantEquipment_5" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_GainLossOnSaleOfPropertyPlantEquipment" xlink:type="resource" xml:lang="en-US">Gain on sale of assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossOnSaleOfPropertyPlantEquipment" xlink:title="label: GainLossOnSaleOfPropertyPlantEquipment to label_GainLossOnSaleOfPropertyPlantEquipment" xlink:to="label_GainLossOnSaleOfPropertyPlantEquipment_5" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GainOnBusinessInterruptionInsuranceRecovery" xlink:label="GainOnBusinessInterruptionInsuranceRecovery" xlink:title="GainOnBusinessInterruptionInsuranceRecovery" xlink:type="locator"/>
    <label id="label_GainOnBusinessInterruptionInsuranceRecovery" xlink:label="label_GainOnBusinessInterruptionInsuranceRecovery" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainOnBusinessInterruptionInsuranceRecovery" xlink:type="resource" xml:lang="en-US">Gain On Business Interruption Insurance Recovery</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainOnBusinessInterruptionInsuranceRecovery" xlink:title="label: GainOnBusinessInterruptionInsuranceRecovery to label_GainOnBusinessInterruptionInsuranceRecovery" xlink:to="label_GainOnBusinessInterruptionInsuranceRecovery" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainOnBusinessInterruptionInsuranceRecovery" xlink:title="label: GainOnBusinessInterruptionInsuranceRecovery to label_GainOnBusinessInterruptionInsuranceRecovery" xlink:to="label_GainOnBusinessInterruptionInsuranceRecovery_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GainOnDerivativeInstrumentsPretax" xlink:label="GainOnDerivativeInstrumentsPretax" xlink:title="GainOnDerivativeInstrumentsPretax" xlink:type="locator"/>
    <label id="label_GainOnDerivativeInstrumentsPretax" xlink:label="label_GainOnDerivativeInstrumentsPretax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainOnDerivativeInstrumentsPretax" xlink:type="resource" xml:lang="en-US">(Loss)/gain on FFA derivatives</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainOnDerivativeInstrumentsPretax" xlink:title="label: GainOnDerivativeInstrumentsPretax to label_GainOnDerivativeInstrumentsPretax" xlink:to="label_GainOnDerivativeInstrumentsPretax" xlink:type="arc"/>
    <label id="label_GainOnDerivativeInstrumentsPretax_2" xlink:label="label_GainOnDerivativeInstrumentsPretax_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainOnDerivativeInstrumentsPretax" xlink:type="resource" xml:lang="en-US">Loss on derivatives</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainOnDerivativeInstrumentsPretax" xlink:title="label: GainOnDerivativeInstrumentsPretax to label_GainOnDerivativeInstrumentsPretax" xlink:to="label_GainOnDerivativeInstrumentsPretax_2" xlink:type="arc"/>
    <label id="label_GainOnDerivativeInstrumentsPretax_3" xlink:label="label_GainOnDerivativeInstrumentsPretax_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_GainOnDerivativeInstrumentsPretax" xlink:type="resource" xml:lang="en-US">Net losses on FFA's derivatives</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainOnDerivativeInstrumentsPretax" xlink:title="label: GainOnDerivativeInstrumentsPretax to label_GainOnDerivativeInstrumentsPretax" xlink:to="label_GainOnDerivativeInstrumentsPretax_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="GainsLossesOnExtinguishmentOfDebt" xlink:title="GainsLossesOnExtinguishmentOfDebt" xlink:type="locator"/>
    <label id="label_GainsLossesOnExtinguishmentOfDebt" xlink:label="label_GainsLossesOnExtinguishmentOfDebt" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_GainsLossesOnExtinguishmentOfDebt" xlink:type="resource" xml:lang="en-US">Gain on bond and debt extinguishment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnExtinguishmentOfDebt" xlink:title="label: GainsLossesOnExtinguishmentOfDebt to label_GainsLossesOnExtinguishmentOfDebt" xlink:to="label_GainsLossesOnExtinguishmentOfDebt" xlink:type="arc"/>
    <label id="label_GainsLossesOnExtinguishmentOfDebt_2" xlink:label="label_GainsLossesOnExtinguishmentOfDebt_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesOnExtinguishmentOfDebt" xlink:type="resource" xml:lang="en-US">Loss on bond extinguishment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnExtinguishmentOfDebt" xlink:title="label: GainsLossesOnExtinguishmentOfDebt to label_GainsLossesOnExtinguishmentOfDebt" xlink:to="label_GainsLossesOnExtinguishmentOfDebt_2" xlink:type="arc"/>
    <label id="label_GainsLossesOnExtinguishmentOfDebt_3" xlink:label="label_GainsLossesOnExtinguishmentOfDebt_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainsLossesOnExtinguishmentOfDebt" xlink:type="resource" xml:lang="en-US">Gain on bond and debt extinguishment, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnExtinguishmentOfDebt" xlink:title="label: GainsLossesOnExtinguishmentOfDebt to label_GainsLossesOnExtinguishmentOfDebt" xlink:to="label_GainsLossesOnExtinguishmentOfDebt_3" xlink:type="arc"/>
    <label id="label_GainsLossesOnExtinguishmentOfDebt_4" xlink:label="label_GainsLossesOnExtinguishmentOfDebt_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_GainsLossesOnExtinguishmentOfDebt" xlink:type="resource" xml:lang="en-US">Gain/ (Loss) on bond and debt extinguishment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnExtinguishmentOfDebt" xlink:title="label: GainsLossesOnExtinguishmentOfDebt to label_GainsLossesOnExtinguishmentOfDebt" xlink:to="label_GainsLossesOnExtinguishmentOfDebt_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="GeneralAndAdministrativeExpense" xlink:title="GeneralAndAdministrativeExpense" xlink:type="locator"/>
    <label id="label_GeneralAndAdministrativeExpense_2" xlink:label="label_GeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GeneralAndAdministrativeExpense" xlink:type="resource" xml:lang="en-US">General and administrative expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralAndAdministrativeExpense" xlink:title="label: GeneralAndAdministrativeExpense to label_GeneralAndAdministrativeExpense" xlink:to="label_GeneralAndAdministrativeExpense" xlink:type="arc"/>
    <label id="label_GeneralAndAdministrativeExpense" xlink:label="label_GeneralAndAdministrativeExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GeneralAndAdministrativeExpense" xlink:type="resource" xml:lang="en-US">General and administrative expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralAndAdministrativeExpense" xlink:title="label: GeneralAndAdministrativeExpense to label_GeneralAndAdministrativeExpense" xlink:to="label_GeneralAndAdministrativeExpense_2" xlink:type="arc"/>
    <label id="label_GeneralAndAdministrativeExpense_3" xlink:label="label_GeneralAndAdministrativeExpense_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_GeneralAndAdministrativeExpense" xlink:type="resource" xml:lang="en-US">General and administrative expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralAndAdministrativeExpense" xlink:title="label: GeneralAndAdministrativeExpense to label_GeneralAndAdministrativeExpense" xlink:to="label_GeneralAndAdministrativeExpense_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GeneralPartnerMember" xlink:label="GeneralPartnerMember" xlink:title="GeneralPartnerMember" xlink:type="locator"/>
    <label id="label_GeneralPartnerMember" xlink:label="label_GeneralPartnerMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GeneralPartnerMember" xlink:type="resource" xml:lang="en-US">General Partner [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralPartnerMember" xlink:title="label: GeneralPartnerMember to label_GeneralPartnerMember" xlink:to="label_GeneralPartnerMember" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralPartnerMember" xlink:title="label: GeneralPartnerMember to label_GeneralPartnerMember" xlink:to="label_GeneralPartnerMember_2" xlink:type="arc"/>
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    <label id="label_GeneralPartnersCapitalAccountUnitsOutstanding" xlink:label="label_GeneralPartnersCapitalAccountUnitsOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GeneralPartnersCapitalAccountUnitsOutstanding" xlink:type="resource" xml:lang="en-US">General Partners Capital Account Units Outstanding</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralPartnersCapitalAccountUnitsOutstanding" xlink:title="label: GeneralPartnersCapitalAccountUnitsOutstanding to label_GeneralPartnersCapitalAccountUnitsOutstanding" xlink:to="label_GeneralPartnersCapitalAccountUnitsOutstanding" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralPartnersCapitalAccountUnitsOutstanding" xlink:title="label: GeneralPartnersCapitalAccountUnitsOutstanding to label_GeneralPartnersCapitalAccountUnitsOutstanding" xlink:to="label_GeneralPartnersCapitalAccountUnitsOutstanding_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:title="GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:type="locator"/>
    <label id="label_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="label_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:type="resource" xml:lang="en-US">INTANGIBLE ASSETS OTHER THAN GOODWILL [Abstract]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:label="GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:title="GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:type="locator"/>
    <label id="label_GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:label="label_GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">Goodwill And Intangible Assets Disclosure [Text Block]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsGoodwillPolicy" xlink:label="GoodwillAndIntangibleAssetsGoodwillPolicy" xlink:title="GoodwillAndIntangibleAssetsGoodwillPolicy" xlink:type="locator"/>
    <label id="label_GoodwillAndIntangibleAssetsGoodwillPolicy" xlink:label="label_GoodwillAndIntangibleAssetsGoodwillPolicy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GoodwillAndIntangibleAssetsGoodwillPolicy" xlink:type="resource" xml:lang="en-US">Goodwill and Other Intangibles [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoodwillAndIntangibleAssetsGoodwillPolicy" xlink:title="label: GoodwillAndIntangibleAssetsGoodwillPolicy to label_GoodwillAndIntangibleAssetsGoodwillPolicy" xlink:to="label_GoodwillAndIntangibleAssetsGoodwillPolicy" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Goodwill" xlink:label="Goodwill" xlink:title="Goodwill" xlink:type="locator"/>
    <label id="label_Goodwill" xlink:label="label_Goodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Goodwill" xlink:type="resource" xml:lang="en-US">Goodwill</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GuaranteeObligationsCurrentCarryingValue" xlink:label="GuaranteeObligationsCurrentCarryingValue" xlink:title="GuaranteeObligationsCurrentCarryingValue" xlink:type="locator"/>
    <label id="label_GuaranteeObligationsCurrentCarryingValue" xlink:label="label_GuaranteeObligationsCurrentCarryingValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GuaranteeObligationsCurrentCarryingValue" xlink:type="resource" xml:lang="en-US">GuaranteeObligationsCurrentCarryingValue</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GuaranteeObligationsCurrentCarryingValue" xlink:title="label: GuaranteeObligationsCurrentCarryingValue to label_GuaranteeObligationsCurrentCarryingValue" xlink:to="label_GuaranteeObligationsCurrentCarryingValue" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GuaranteeObligationsMaximumExposure" xlink:label="GuaranteeObligationsMaximumExposure" xlink:title="GuaranteeObligationsMaximumExposure" xlink:type="locator"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:title="IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:type="locator"/>
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    <label id="label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:type="resource" xml:lang="en-US">Loss before taxes</label>
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    <label id="label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:label="label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:type="resource" xml:lang="en-US">Income before equity in net earnings of affiliated companies</label>
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    <label id="label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_2" xlink:label="label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:type="resource" xml:lang="en-US">(Loss)/income before equity in net earnings of affiliated companies</label>
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    <label id="label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_3" xlink:label="label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:type="resource" xml:lang="en-US">Loss before equity in net losses of affiliate companies</label>
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    <label id="label_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions" xlink:label="label_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions_3" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions" xlink:type="resource" xml:lang="en-US">Equity in net losses of affiliate companies, net of dividends received</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions" xlink:title="label: IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions to label_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions" xlink:to="label_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions_3" xlink:type="arc"/>
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    <label id="label_IncomeLossFromEquityMethodInvestments_2" xlink:label="label_IncomeLossFromEquityMethodInvestments" xlink:role="http://www.xbrl.org/2003/role/negativeLabel" xlink:title="label_IncomeLossFromEquityMethodInvestments" xlink:type="resource" xml:lang="en-US">Equity in net (losses)/earnings of affiliated companies</label>
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    <label id="label_IncomeLossFromEquityMethodInvestments" xlink:label="label_IncomeLossFromEquityMethodInvestments_2" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_IncomeLossFromEquityMethodInvestments" xlink:type="resource" xml:lang="en-US">Equity in net losses of affiliate companies</label>
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    <label id="label_IncomeTaxAuthorityDomain" xlink:label="label_IncomeTaxAuthorityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeTaxAuthorityDomain" xlink:type="resource" xml:lang="en-US">Income Tax Authority [Domain]</label>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxExpenseBenefit" xlink:title="label: IncomeTaxExpenseBenefit to label_IncomeTaxExpenseBenefit" xlink:to="label_IncomeTaxExpenseBenefit_3" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxExpenseBenefit" xlink:title="label: IncomeTaxExpenseBenefit to label_IncomeTaxExpenseBenefit" xlink:to="label_IncomeTaxExpenseBenefit_4" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxPolicyTextBlock" xlink:title="label: IncomeTaxPolicyTextBlock to label_IncomeTaxPolicyTextBlock" xlink:to="label_IncomeTaxPolicyTextBlock" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxPolicyTextBlock" xlink:title="label: IncomeTaxPolicyTextBlock to label_IncomeTaxPolicyTextBlock" xlink:to="label_IncomeTaxPolicyTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="IncomeTaxesPaidNet" xlink:title="IncomeTaxesPaidNet" xlink:type="locator"/>
    <label id="label_IncomeTaxesPaidNet" xlink:label="label_IncomeTaxesPaidNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeTaxesPaidNet" xlink:type="resource" xml:lang="en-US">Cash paid for income taxes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxesPaidNet" xlink:title="label: IncomeTaxesPaidNet to label_IncomeTaxesPaidNet" xlink:to="label_IncomeTaxesPaidNet" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties" xlink:label="IncreaseDecreaseInAccountsReceivableRelatedParties" xlink:title="IncreaseDecreaseInAccountsReceivableRelatedParties" xlink:type="locator"/>
    <label id="label_IncreaseDecreaseInAccountsReceivableRelatedParties" xlink:label="label_IncreaseDecreaseInAccountsReceivableRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInAccountsReceivableRelatedParties" xlink:type="resource" xml:lang="en-US">Increase Decrease In Accounts Receivable Related Parties</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInAccountsReceivableRelatedParties" xlink:title="label: IncreaseDecreaseInAccountsReceivableRelatedParties to label_IncreaseDecreaseInAccountsReceivableRelatedParties" xlink:to="label_IncreaseDecreaseInAccountsReceivableRelatedParties" xlink:type="arc"/>
    <label id="label_IncreaseDecreaseInAccountsReceivableRelatedParties_2" xlink:label="label_IncreaseDecreaseInAccountsReceivableRelatedParties_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncreaseDecreaseInAccountsReceivableRelatedParties" xlink:type="resource" xml:lang="en-US">Decrease in long-term receivable from affiliate companies</label>
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    <label id="label_IncreaseDecreaseInAccountsReceivable" xlink:label="label_IncreaseDecreaseInAccountsReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInAccountsReceivable" xlink:type="resource" xml:lang="en-US">Increase Decrease In Accounts Receivable</label>
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    <label id="label_IncreaseDecreaseInAccruedInterestReceivableNet" xlink:label="label_IncreaseDecreaseInAccruedInterestReceivableNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInAccruedInterestReceivableNet" xlink:type="resource" xml:lang="en-US">Increase Decrease In Accrued Interest Receivable Net</label>
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    <label id="label_IncreaseDecreaseInAccruedLiabilities" xlink:label="label_IncreaseDecreaseInAccruedLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInAccruedLiabilities" xlink:type="resource" xml:lang="en-US">Increase / Decrease in accrued expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInAccruedLiabilities" xlink:title="label: IncreaseDecreaseInAccruedLiabilities to label_IncreaseDecreaseInAccruedLiabilities" xlink:to="label_IncreaseDecreaseInAccruedLiabilities" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInAccruedLiabilities" xlink:title="label: IncreaseDecreaseInAccruedLiabilities to label_IncreaseDecreaseInAccruedLiabilities" xlink:to="label_IncreaseDecreaseInAccruedLiabilities_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredCharges" xlink:label="IncreaseDecreaseInDeferredCharges" xlink:title="IncreaseDecreaseInDeferredCharges" xlink:type="locator"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredRevenue" xlink:label="IncreaseDecreaseInDeferredRevenue" xlink:title="IncreaseDecreaseInDeferredRevenue" xlink:type="locator"/>
    <label id="label_IncreaseDecreaseInDeferredRevenue" xlink:label="label_IncreaseDecreaseInDeferredRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInDeferredRevenue" xlink:type="resource" xml:lang="en-US">Increase / Decrease in deferred income</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInDerivativeAssetsAndLiabilities" xlink:label="IncreaseDecreaseInDerivativeAssetsAndLiabilities" xlink:title="IncreaseDecreaseInDerivativeAssetsAndLiabilities" xlink:type="locator"/>
    <label id="label_IncreaseDecreaseInDerivativeAssetsAndLiabilities" xlink:label="label_IncreaseDecreaseInDerivativeAssetsAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInDerivativeAssetsAndLiabilities" xlink:type="resource" xml:lang="en-US">Increase Decrease In Derivative Assets And Liabilities</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInDueFromAffiliatesCurrent" xlink:label="IncreaseDecreaseInDueFromAffiliatesCurrent" xlink:title="IncreaseDecreaseInDueFromAffiliatesCurrent" xlink:type="locator"/>
    <label id="label_IncreaseDecreaseInDueFromAffiliatesCurrent" xlink:label="label_IncreaseDecreaseInDueFromAffiliatesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInDueFromAffiliatesCurrent" xlink:type="resource" xml:lang="en-US">Increase in due from affiliate companies</label>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInDueFromAffiliatesCurrent" xlink:title="label: IncreaseDecreaseInDueFromAffiliatesCurrent to label_IncreaseDecreaseInDueFromAffiliatesCurrent" xlink:to="label_IncreaseDecreaseInDueFromAffiliatesCurrent_2" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInInterestPayableNet" xlink:label="IncreaseDecreaseInInterestPayableNet" xlink:title="IncreaseDecreaseInInterestPayableNet" xlink:type="locator"/>
    <label id="label_IncreaseDecreaseInInterestPayableNet_2" xlink:label="label_IncreaseDecreaseInInterestPayableNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInInterestPayableNet" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Interest Payable, Net</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="IncreaseDecreaseInInventories" xlink:title="IncreaseDecreaseInInventories" xlink:type="locator"/>
    <label id="label_IncreaseDecreaseInInventories" xlink:label="label_IncreaseDecreaseInInventories" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInInventories" xlink:type="resource" xml:lang="en-US">Increase Decrease In Inventories</label>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInInventories" xlink:title="label: IncreaseDecreaseInInventories to label_IncreaseDecreaseInInventories" xlink:to="label_IncreaseDecreaseInInventories_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="IncreaseDecreaseInOperatingCapitalAbstract" xlink:title="IncreaseDecreaseInOperatingCapitalAbstract" xlink:type="locator"/>
    <label id="label_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="label_IncreaseDecreaseInOperatingCapitalAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInOperatingCapitalAbstract" xlink:type="resource" xml:lang="en-US">Changes in operating assets and liabilities [Abstract]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities" xlink:label="IncreaseDecreaseInOtherNoncurrentLiabilities" xlink:title="IncreaseDecreaseInOtherNoncurrentLiabilities" xlink:type="locator"/>
    <label id="label_IncreaseDecreaseInOtherNoncurrentLiabilities" xlink:label="label_IncreaseDecreaseInOtherNoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInOtherNoncurrentLiabilities" xlink:type="resource" xml:lang="en-US">Increase / Decrease in other long term liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInOtherNoncurrentLiabilities" xlink:title="label: IncreaseDecreaseInOtherNoncurrentLiabilities to label_IncreaseDecreaseInOtherNoncurrentLiabilities" xlink:to="label_IncreaseDecreaseInOtherNoncurrentLiabilities" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInOtherNoncurrentLiabilities" xlink:title="label: IncreaseDecreaseInOtherNoncurrentLiabilities to label_IncreaseDecreaseInOtherNoncurrentLiabilities" xlink:to="label_IncreaseDecreaseInOtherNoncurrentLiabilities_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:label="IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:title="IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:type="locator"/>
    <label id="label_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:label="label_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:type="resource" xml:lang="en-US">Increase Decrease In Prepaid Deferred Expense And Other Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:title="label: IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets to label_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:to="label_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:title="label: IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets to label_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:to="label_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities" xlink:label="IncreaseDecreaseInRestrictedCashForOperatingActivities" xlink:title="IncreaseDecreaseInRestrictedCashForOperatingActivities" xlink:type="locator"/>
    <label id="label_IncreaseDecreaseInRestrictedCashForOperatingActivities" xlink:label="label_IncreaseDecreaseInRestrictedCashForOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInRestrictedCashForOperatingActivities" xlink:type="resource" xml:lang="en-US">Increase Decrease In Restricted Cash For Operating Activities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInRestrictedCashForOperatingActivities" xlink:title="label: IncreaseDecreaseInRestrictedCashForOperatingActivities to label_IncreaseDecreaseInRestrictedCashForOperatingActivities" xlink:to="label_IncreaseDecreaseInRestrictedCashForOperatingActivities" xlink:type="arc"/>
    <label id="label_IncreaseDecreaseInRestrictedCashForOperatingActivities_2" xlink:label="label_IncreaseDecreaseInRestrictedCashForOperatingActivities_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncreaseDecreaseInRestrictedCashForOperatingActivities" xlink:type="resource" xml:lang="en-US">Decrease/(increase) in restricted cash</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInRestrictedCashForOperatingActivities" xlink:title="label: IncreaseDecreaseInRestrictedCashForOperatingActivities to label_IncreaseDecreaseInRestrictedCashForOperatingActivities" xlink:to="label_IncreaseDecreaseInRestrictedCashForOperatingActivities_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInRestrictedCash" xlink:label="IncreaseDecreaseInRestrictedCash" xlink:title="IncreaseDecreaseInRestrictedCash" xlink:type="locator"/>
    <label id="label_IncreaseDecreaseInRestrictedCash" xlink:label="label_IncreaseDecreaseInRestrictedCash" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInRestrictedCash" xlink:type="resource" xml:lang="en-US">Decrease/(increase) in restricted cash for asset acquisitions</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInRestrictedCash" xlink:title="label: IncreaseDecreaseInRestrictedCash to label_IncreaseDecreaseInRestrictedCash" xlink:to="label_IncreaseDecreaseInRestrictedCash" xlink:type="arc"/>
    <label id="label_IncreaseDecreaseInRestrictedCash_2" xlink:label="label_IncreaseDecreaseInRestrictedCash_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncreaseDecreaseInRestrictedCash" xlink:type="resource" xml:lang="en-US">Decrease in restricted cash</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInRestrictedCash" xlink:title="label: IncreaseDecreaseInRestrictedCash to label_IncreaseDecreaseInRestrictedCash" xlink:to="label_IncreaseDecreaseInRestrictedCash_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock" xlink:label="IncrementalCommonSharesAttributableToConversionOfPreferredStock" xlink:title="IncrementalCommonSharesAttributableToConversionOfPreferredStock" xlink:type="locator"/>
    <label id="label_IncrementalCommonSharesAttributableToConversionOfPreferredStock" xlink:label="label_IncrementalCommonSharesAttributableToConversionOfPreferredStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncrementalCommonSharesAttributableToConversionOfPreferredStock" xlink:type="resource" xml:lang="en-US">Incremental Common Shares Attributable To Conversion Of Preferred Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncrementalCommonSharesAttributableToConversionOfPreferredStock" xlink:title="label: IncrementalCommonSharesAttributableToConversionOfPreferredStock to label_IncrementalCommonSharesAttributableToConversionOfPreferredStock" xlink:to="label_IncrementalCommonSharesAttributableToConversionOfPreferredStock" xlink:type="arc"/>
    <label id="label_IncrementalCommonSharesAttributableToConversionOfPreferredStock_2" xlink:label="label_IncrementalCommonSharesAttributableToConversionOfPreferredStock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncrementalCommonSharesAttributableToConversionOfPreferredStock" xlink:type="resource" xml:lang="en-US">Convertible preferred stock and convertible debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncrementalCommonSharesAttributableToConversionOfPreferredStock" xlink:title="label: IncrementalCommonSharesAttributableToConversionOfPreferredStock to label_IncrementalCommonSharesAttributableToConversionOfPreferredStock" xlink:to="label_IncrementalCommonSharesAttributableToConversionOfPreferredStock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:label="IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:title="IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:type="locator"/>
    <label id="label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:label="label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:type="resource" xml:lang="en-US">Incremental Common Shares Attributable To Share Based Payment Arrangements</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:title="label: IncrementalCommonSharesAttributableToShareBasedPaymentArrangements to label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:to="label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:type="arc"/>
    <label id="label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_2" xlink:label="label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:type="resource" xml:lang="en-US">Dilutive potential common shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:title="label: IncrementalCommonSharesAttributableToShareBasedPaymentArrangements to label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:to="label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_2" xlink:type="arc"/>
    <label id="label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_3" xlink:label="label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:type="resource" xml:lang="en-US">Dilutive potential common shares - weighted average restricted stock and restricted units</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:title="label: IncrementalCommonSharesAttributableToShareBasedPaymentArrangements to label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:to="label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InsuranceRecoveries" xlink:label="InsuranceRecoveries" xlink:title="InsuranceRecoveries" xlink:type="locator"/>
    <label id="label_InsuranceRecoveries" xlink:label="label_InsuranceRecoveries" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InsuranceRecoveries" xlink:type="resource" xml:lang="en-US">Insurance recoveries</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InsuranceRecoveries" xlink:title="label: InsuranceRecoveries to label_InsuranceRecoveries" xlink:to="label_InsuranceRecoveries" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IntangibleAssetsDisclosureTextBlock" xlink:label="IntangibleAssetsDisclosureTextBlock" xlink:title="IntangibleAssetsDisclosureTextBlock" xlink:type="locator"/>
    <label id="label_IntangibleAssetsDisclosureTextBlock" xlink:label="label_IntangibleAssetsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IntangibleAssetsDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">Intangible Assets Disclosure [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsDisclosureTextBlock" xlink:title="label: IntangibleAssetsDisclosureTextBlock to label_IntangibleAssetsDisclosureTextBlock" xlink:to="label_IntangibleAssetsDisclosureTextBlock" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsDisclosureTextBlock" xlink:title="label: IntangibleAssetsDisclosureTextBlock to label_IntangibleAssetsDisclosureTextBlock" xlink:to="label_IntangibleAssetsDisclosureTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:label="IntangibleAssetsNetExcludingGoodwill" xlink:title="IntangibleAssetsNetExcludingGoodwill" xlink:type="locator"/>
    <label id="label_IntangibleAssetsNetExcludingGoodwill" xlink:label="label_IntangibleAssetsNetExcludingGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IntangibleAssetsNetExcludingGoodwill" xlink:type="resource" xml:lang="en-US">Intangible Assets Net Excluding Goodwill</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IntangibleAssetsNetIncludingGoodwill" xlink:label="IntangibleAssetsNetIncludingGoodwill" xlink:title="IntangibleAssetsNetIncludingGoodwill" xlink:type="locator"/>
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    <label id="label_IntangibleAssetsNetIncludingGoodwill_2" xlink:label="label_IntangibleAssetsNetIncludingGoodwill_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IntangibleAssetsNetIncludingGoodwill" xlink:type="resource" xml:lang="en-US">Goodwill and other intangibles</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsNetIncludingGoodwill" xlink:title="label: IntangibleAssetsNetIncludingGoodwill to label_IntangibleAssetsNetIncludingGoodwill" xlink:to="label_IntangibleAssetsNetIncludingGoodwill_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndDebtExpense" xlink:label="InterestAndDebtExpense" xlink:title="InterestAndDebtExpense" xlink:type="locator"/>
    <label id="label_InterestAndDebtExpense" xlink:label="label_InterestAndDebtExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestAndDebtExpense" xlink:type="resource" xml:lang="en-US">Interest And Debt Expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestAndDebtExpense" xlink:title="label: InterestAndDebtExpense to label_InterestAndDebtExpense" xlink:to="label_InterestAndDebtExpense" xlink:type="arc"/>
    <label id="label_InterestAndDebtExpense_2" xlink:label="label_InterestAndDebtExpense_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_InterestAndDebtExpense" xlink:type="resource" xml:lang="en-US">Interest expense and finance cost</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestAndDebtExpense" xlink:title="label: InterestAndDebtExpense to label_InterestAndDebtExpense" xlink:to="label_InterestAndDebtExpense_2" xlink:type="arc"/>
    <label id="label_InterestAndDebtExpense_3" xlink:label="label_InterestAndDebtExpense_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_InterestAndDebtExpense" xlink:type="resource" xml:lang="en-US">Interest expense and finance cost, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestAndDebtExpense" xlink:title="label: InterestAndDebtExpense to label_InterestAndDebtExpense" xlink:to="label_InterestAndDebtExpense_3" xlink:type="arc"/>
    <label id="label_InterestAndDebtExpense_4" xlink:label="label_InterestAndDebtExpense_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterestAndDebtExpense" xlink:type="resource" xml:lang="en-US">Interest expense and finance cost</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestAndDebtExpense" xlink:title="label: InterestAndDebtExpense to label_InterestAndDebtExpense" xlink:to="label_InterestAndDebtExpense_4" xlink:type="arc"/>
    <label id="label_InterestAndDebtExpense_5" xlink:label="label_InterestAndDebtExpense_5" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_InterestAndDebtExpense" xlink:type="resource" xml:lang="en-US">Interest income/expense and finance cost, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestAndDebtExpense" xlink:title="label: InterestAndDebtExpense to label_InterestAndDebtExpense" xlink:to="label_InterestAndDebtExpense_5" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestBearingDepositsInBanks" xlink:label="InterestBearingDepositsInBanks" xlink:title="InterestBearingDepositsInBanks" xlink:type="locator"/>
    <label id="label_InterestBearingDepositsInBanks" xlink:label="label_InterestBearingDepositsInBanks" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestBearingDepositsInBanks" xlink:type="resource" xml:lang="en-US">Interest Bearing Deposits In Banks</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestBearingDepositsInBanks" xlink:title="label: InterestBearingDepositsInBanks to label_InterestBearingDepositsInBanks" xlink:to="label_InterestBearingDepositsInBanks" xlink:type="arc"/>
    <label id="label_InterestBearingDepositsInBanks_2" xlink:label="label_InterestBearingDepositsInBanks_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestBearingDepositsInBanks" xlink:type="resource" xml:lang="en-US">Short-term deposits and highly liquid funds</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestBearingDepositsInBanks" xlink:title="label: InterestBearingDepositsInBanks to label_InterestBearingDepositsInBanks" xlink:to="label_InterestBearingDepositsInBanks_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestCostsCapitalized" xlink:label="InterestCostsCapitalized" xlink:title="InterestCostsCapitalized" xlink:type="locator"/>
    <label id="label_InterestCostsCapitalized" xlink:label="label_InterestCostsCapitalized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestCostsCapitalized" xlink:type="resource" xml:lang="en-US">Interest Costs Capitalized</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestCostsCapitalized" xlink:title="label: InterestCostsCapitalized to label_InterestCostsCapitalized" xlink:to="label_InterestCostsCapitalized" xlink:type="arc"/>
    <label id="label_InterestCostsCapitalized_2" xlink:label="label_InterestCostsCapitalized_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestCostsCapitalized" xlink:type="resource" xml:lang="en-US">Capitalized interest costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestCostsCapitalized" xlink:title="label: InterestCostsCapitalized to label_InterestCostsCapitalized" xlink:to="label_InterestCostsCapitalized_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseDebtExcludingAmortization" xlink:label="InterestExpenseDebtExcludingAmortization" xlink:title="InterestExpenseDebtExcludingAmortization" xlink:type="locator"/>
    <label id="label_InterestExpenseDebtExcludingAmortization" xlink:label="label_InterestExpenseDebtExcludingAmortization" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestExpenseDebtExcludingAmortization" xlink:type="resource" xml:lang="en-US">Interest Expense Debt Excluding Amortization</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseDebtExcludingAmortization" xlink:title="label: InterestExpenseDebtExcludingAmortization to label_InterestExpenseDebtExcludingAmortization" xlink:to="label_InterestExpenseDebtExcludingAmortization" xlink:type="arc"/>
    <label id="label_InterestExpenseDebtExcludingAmortization_2" xlink:label="label_InterestExpenseDebtExcludingAmortization_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestExpenseDebtExcludingAmortization" xlink:type="resource" xml:lang="en-US">Interest expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseDebtExcludingAmortization" xlink:title="label: InterestExpenseDebtExcludingAmortization to label_InterestExpenseDebtExcludingAmortization" xlink:to="label_InterestExpenseDebtExcludingAmortization_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseDebt" xlink:label="InterestExpenseDebt" xlink:title="InterestExpenseDebt" xlink:type="locator"/>
    <label id="label_InterestExpenseDebt" xlink:label="label_InterestExpenseDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestExpenseDebt" xlink:type="resource" xml:lang="en-US">Interest Expense Debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseDebt" xlink:title="label: InterestExpenseDebt to label_InterestExpenseDebt" xlink:to="label_InterestExpenseDebt" xlink:type="arc"/>
    <label id="label_InterestExpenseDebt_2" xlink:label="label_InterestExpenseDebt_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestExpenseDebt" xlink:type="resource" xml:lang="en-US">Interest Expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseDebt" xlink:title="label: InterestExpenseDebt to label_InterestExpenseDebt" xlink:to="label_InterestExpenseDebt_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseOther" xlink:label="InterestExpenseOther" xlink:title="InterestExpenseOther" xlink:type="locator"/>
    <label id="label_InterestExpenseOther" xlink:label="label_InterestExpenseOther" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestExpenseOther" xlink:type="resource" xml:lang="en-US">Interest Expense Other</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseOther" xlink:title="label: InterestExpenseOther to label_InterestExpenseOther" xlink:to="label_InterestExpenseOther" xlink:type="arc"/>
    <label id="label_InterestExpenseOther_2" xlink:label="label_InterestExpenseOther_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestExpenseOther" xlink:type="resource" xml:lang="en-US">Other</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseOther" xlink:title="label: InterestExpenseOther to label_InterestExpenseOther" xlink:to="label_InterestExpenseOther_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock" xlink:label="InterestIncomeAndInterestExpenseDisclosureTextBlock" xlink:title="InterestIncomeAndInterestExpenseDisclosureTextBlock" xlink:type="locator"/>
    <label id="label_InterestIncomeAndInterestExpenseDisclosureTextBlock" xlink:label="label_InterestIncomeAndInterestExpenseDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestIncomeAndInterestExpenseDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">Interest Income And Interest Expense Disclosure [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestIncomeAndInterestExpenseDisclosureTextBlock" xlink:title="label: InterestIncomeAndInterestExpenseDisclosureTextBlock to label_InterestIncomeAndInterestExpenseDisclosureTextBlock" xlink:to="label_InterestIncomeAndInterestExpenseDisclosureTextBlock" xlink:type="arc"/>
    <label id="label_InterestIncomeAndInterestExpenseDisclosureTextBlock_2" xlink:label="label_InterestIncomeAndInterestExpenseDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestIncomeAndInterestExpenseDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">INTEREST EXPENSE AND FINANCE COST</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestIncomeAndInterestExpenseDisclosureTextBlock" xlink:title="label: InterestIncomeAndInterestExpenseDisclosureTextBlock to label_InterestIncomeAndInterestExpenseDisclosureTextBlock" xlink:to="label_InterestIncomeAndInterestExpenseDisclosureTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeExpenseNet" xlink:label="InterestIncomeExpenseNet" xlink:title="InterestIncomeExpenseNet" xlink:type="locator"/>
    <label id="label_InterestIncomeExpenseNet" xlink:label="label_InterestIncomeExpenseNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestIncomeExpenseNet" xlink:type="resource" xml:lang="en-US">Interest Income Expense Net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestIncomeExpenseNet" xlink:title="label: InterestIncomeExpenseNet to label_InterestIncomeExpenseNet" xlink:to="label_InterestIncomeExpenseNet" xlink:type="arc"/>
    <label id="label_InterestIncomeExpenseNet_2" xlink:label="label_InterestIncomeExpenseNet_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestIncomeExpenseNet" xlink:type="resource" xml:lang="en-US">Interest income/expense and finance cost, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestIncomeExpenseNet" xlink:title="label: InterestIncomeExpenseNet to label_InterestIncomeExpenseNet" xlink:to="label_InterestIncomeExpenseNet_2" xlink:type="arc"/>
    <label id="label_InterestIncomeExpenseNet_3" xlink:label="label_InterestIncomeExpenseNet_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterestIncomeExpenseNet" xlink:type="resource" xml:lang="en-US">Interest income/expense and finance cost, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestIncomeExpenseNet" xlink:title="label: InterestIncomeExpenseNet to label_InterestIncomeExpenseNet" xlink:to="label_InterestIncomeExpenseNet_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="InterestPaidNet" xlink:title="InterestPaidNet" xlink:type="locator"/>
    <label id="label_InterestPaidNet" xlink:label="label_InterestPaidNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestPaidNet" xlink:type="resource" xml:lang="en-US">Cash paid for interest, net of capitalized interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPaidNet" xlink:title="label: InterestPaidNet to label_InterestPaidNet" xlink:to="label_InterestPaidNet" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestPaid" xlink:label="InterestPaid" xlink:title="InterestPaid" xlink:type="locator"/>
    <label id="label_InterestPaid" xlink:label="label_InterestPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestPaid" xlink:type="resource" xml:lang="en-US">Interest Paid</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPaid" xlink:title="label: InterestPaid to label_InterestPaid" xlink:to="label_InterestPaid" xlink:type="arc"/>
    <label id="label_InterestPaid_2" xlink:label="label_InterestPaid_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestPaid" xlink:type="resource" xml:lang="en-US">Cash paid for interest, net of capitalized interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPaid" xlink:title="label: InterestPaid to label_InterestPaid" xlink:to="label_InterestPaid_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestPayableCurrent" xlink:label="InterestPayableCurrent" xlink:title="InterestPayableCurrent" xlink:type="locator"/>
    <label id="label_InterestPayableCurrent" xlink:label="label_InterestPayableCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestPayableCurrent" xlink:type="resource" xml:lang="en-US">Interest Payable Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPayableCurrent" xlink:title="label: InterestPayableCurrent to label_InterestPayableCurrent" xlink:to="label_InterestPayableCurrent" xlink:type="arc"/>
    <label id="label_InterestPayableCurrent_2" xlink:label="label_InterestPayableCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestPayableCurrent" xlink:type="resource" xml:lang="en-US">Accrued interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPayableCurrent" xlink:title="label: InterestPayableCurrent to label_InterestPayableCurrent" xlink:to="label_InterestPayableCurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InventoryNet" xlink:label="InventoryNet" xlink:title="InventoryNet" xlink:type="locator"/>
    <label id="label_InventoryNet" xlink:label="label_InventoryNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InventoryNet" xlink:type="resource" xml:lang="en-US">Inventories</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoryNet" xlink:title="label: InventoryNet to label_InventoryNet" xlink:to="label_InventoryNet" xlink:type="arc"/>
    <label id="label_InventoryNet_2" xlink:label="label_InventoryNet_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InventoryNet" xlink:type="resource" xml:lang="en-US">Inventories</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoryNet" xlink:title="label: InventoryNet to label_InventoryNet" xlink:to="label_InventoryNet_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InventorySuppliesPolicy" xlink:label="InventorySuppliesPolicy" xlink:title="InventorySuppliesPolicy" xlink:type="locator"/>
    <label id="label_InventorySuppliesPolicy" xlink:label="label_InventorySuppliesPolicy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InventorySuppliesPolicy" xlink:type="resource" xml:lang="en-US">Inventories [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventorySuppliesPolicy" xlink:title="label: InventorySuppliesPolicy to label_InventorySuppliesPolicy" xlink:to="label_InventorySuppliesPolicy" xlink:type="arc"/>
    <label id="label_InventorySuppliesPolicy_2" xlink:label="label_InventorySuppliesPolicy_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InventorySuppliesPolicy" xlink:type="resource" xml:lang="en-US">Inventories</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventorySuppliesPolicy" xlink:title="label: InventorySuppliesPolicy to label_InventorySuppliesPolicy" xlink:to="label_InventorySuppliesPolicy_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="InvestmentIncomeInterest" xlink:title="InvestmentIncomeInterest" xlink:type="locator"/>
    <label id="label_InvestmentIncomeInterest" xlink:label="label_InvestmentIncomeInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentIncomeInterest" xlink:type="resource" xml:lang="en-US">Investment Income Interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentIncomeInterest" xlink:title="label: InvestmentIncomeInterest to label_InvestmentIncomeInterest" xlink:to="label_InvestmentIncomeInterest" xlink:type="arc"/>
    <label id="label_InvestmentIncomeInterest_2" xlink:label="label_InvestmentIncomeInterest_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentIncomeInterest" xlink:type="resource" xml:lang="en-US">Interest income</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentIncomeInterest" xlink:title="label: InvestmentIncomeInterest to label_InvestmentIncomeInterest" xlink:to="label_InvestmentIncomeInterest_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentIncomeNet" xlink:label="InvestmentIncomeNet" xlink:title="InvestmentIncomeNet" xlink:type="locator"/>
    <label id="label_InvestmentIncomeNet" xlink:label="label_InvestmentIncomeNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentIncomeNet" xlink:type="resource" xml:lang="en-US">Interest income</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentIncomeNet" xlink:title="label: InvestmentIncomeNet to label_InvestmentIncomeNet" xlink:to="label_InvestmentIncomeNet" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentOwnedBalanceShares" xlink:label="InvestmentOwnedBalanceShares" xlink:title="InvestmentOwnedBalanceShares" xlink:type="locator"/>
    <label id="label_InvestmentOwnedBalanceShares" xlink:label="label_InvestmentOwnedBalanceShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentOwnedBalanceShares" xlink:type="resource" xml:lang="en-US">Investment Owned Balance Shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentOwnedBalanceShares" xlink:title="label: InvestmentOwnedBalanceShares to label_InvestmentOwnedBalanceShares" xlink:to="label_InvestmentOwnedBalanceShares" xlink:type="arc"/>
    <label id="label_InvestmentOwnedBalanceShares_2" xlink:label="label_InvestmentOwnedBalanceShares_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentOwnedBalanceShares" xlink:type="resource" xml:lang="en-US">Investment held in shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentOwnedBalanceShares" xlink:title="label: InvestmentOwnedBalanceShares to label_InvestmentOwnedBalanceShares" xlink:to="label_InvestmentOwnedBalanceShares_2" xlink:type="arc"/>
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    <label id="label_LiabilitiesAndStockholdersEquity" xlink:label="label_LiabilitiesAndStockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesAndStockholdersEquity" xlink:type="resource" xml:lang="en-US">Liabilities and stockholders' equity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesAndStockholdersEquity" xlink:title="label: LiabilitiesAndStockholdersEquity to label_LiabilitiesAndStockholdersEquity" xlink:to="label_LiabilitiesAndStockholdersEquity" xlink:type="arc"/>
    <label id="label_LiabilitiesAndStockholdersEquity_2" xlink:label="label_LiabilitiesAndStockholdersEquity_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiabilitiesAndStockholdersEquity" xlink:type="resource" xml:lang="en-US">Total liabilities and stockholders' equity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesAndStockholdersEquity" xlink:title="label: LiabilitiesAndStockholdersEquity to label_LiabilitiesAndStockholdersEquity" xlink:to="label_LiabilitiesAndStockholdersEquity_2" xlink:type="arc"/>
    <label id="label_LiabilitiesAndStockholdersEquity_3" xlink:label="label_LiabilitiesAndStockholdersEquity_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_LiabilitiesAndStockholdersEquity" xlink:type="resource" xml:lang="en-US">Total liabilities and stockholders' equity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesAndStockholdersEquity" xlink:title="label: LiabilitiesAndStockholdersEquity to label_LiabilitiesAndStockholdersEquity" xlink:to="label_LiabilitiesAndStockholdersEquity_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract" xlink:label="LiabilitiesCurrentAbstract" xlink:title="LiabilitiesCurrentAbstract" xlink:type="locator"/>
    <label id="label_LiabilitiesCurrentAbstract" xlink:label="label_LiabilitiesCurrentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesCurrentAbstract" xlink:type="resource" xml:lang="en-US">Current Liabilities [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesCurrentAbstract" xlink:title="label: LiabilitiesCurrentAbstract to label_LiabilitiesCurrentAbstract" xlink:to="label_LiabilitiesCurrentAbstract" xlink:type="arc"/>
    <label id="label_LiabilitiesCurrentAbstract_2" xlink:label="label_LiabilitiesCurrentAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiabilitiesCurrentAbstract" xlink:type="resource" xml:lang="en-US">Current liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesCurrentAbstract" xlink:title="label: LiabilitiesCurrentAbstract to label_LiabilitiesCurrentAbstract" xlink:to="label_LiabilitiesCurrentAbstract_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="LiabilitiesCurrent" xlink:title="LiabilitiesCurrent" xlink:type="locator"/>
    <label id="label_LiabilitiesCurrent" xlink:label="label_LiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesCurrent" xlink:type="resource" xml:lang="en-US">Current Liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesCurrent" xlink:title="label: LiabilitiesCurrent to label_LiabilitiesCurrent" xlink:to="label_LiabilitiesCurrent" xlink:type="arc"/>
    <label id="label_LiabilitiesCurrent_2" xlink:label="label_LiabilitiesCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiabilitiesCurrent" xlink:type="resource" xml:lang="en-US">Current liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesCurrent" xlink:title="label: LiabilitiesCurrent to label_LiabilitiesCurrent" xlink:to="label_LiabilitiesCurrent_2" xlink:type="arc"/>
    <label id="label_LiabilitiesCurrent_3" xlink:label="label_LiabilitiesCurrent_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_LiabilitiesCurrent" xlink:type="resource" xml:lang="en-US">Total current liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesCurrent" xlink:title="label: LiabilitiesCurrent to label_LiabilitiesCurrent" xlink:to="label_LiabilitiesCurrent_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesNoncurrent" xlink:label="LiabilitiesNoncurrent" xlink:title="LiabilitiesNoncurrent" xlink:type="locator"/>
    <label id="label_LiabilitiesNoncurrent" xlink:label="label_LiabilitiesNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesNoncurrent" xlink:type="resource" xml:lang="en-US">Non-current liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesNoncurrent" xlink:title="label: LiabilitiesNoncurrent to label_LiabilitiesNoncurrent" xlink:to="label_LiabilitiesNoncurrent" xlink:type="arc"/>
    <label id="label_LiabilitiesNoncurrent_2" xlink:label="label_LiabilitiesNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiabilitiesNoncurrent" xlink:type="resource" xml:lang="en-US">Non-current liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesNoncurrent" xlink:title="label: LiabilitiesNoncurrent to label_LiabilitiesNoncurrent" xlink:to="label_LiabilitiesNoncurrent_2" xlink:type="arc"/>
    <label id="label_LiabilitiesNoncurrent_3" xlink:label="label_LiabilitiesNoncurrent_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_LiabilitiesNoncurrent" xlink:type="resource" xml:lang="en-US">Total non-current liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesNoncurrent" xlink:title="label: LiabilitiesNoncurrent to label_LiabilitiesNoncurrent" xlink:to="label_LiabilitiesNoncurrent_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Liabilities" xlink:label="Liabilities" xlink:title="Liabilities" xlink:type="locator"/>
    <label id="label_Liabilities" xlink:label="label_Liabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Liabilities" xlink:type="resource" xml:lang="en-US">Liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Liabilities" xlink:title="label: Liabilities to label_Liabilities" xlink:to="label_Liabilities" xlink:type="arc"/>
    <label id="label_Liabilities_2" xlink:label="label_Liabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Liabilities" xlink:type="resource" xml:lang="en-US">Total liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Liabilities" xlink:title="label: Liabilities to label_Liabilities" xlink:to="label_Liabilities_2" xlink:type="arc"/>
    <label id="label_Liabilities_3" xlink:label="label_Liabilities_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Liabilities" xlink:type="resource" xml:lang="en-US">Total liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Liabilities" xlink:title="label: Liabilities to label_Liabilities" xlink:to="label_Liabilities_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LicensingAgreementsMember" xlink:label="LicensingAgreementsMember" xlink:title="LicensingAgreementsMember" xlink:type="locator"/>
    <label id="label_LicensingAgreementsMember" xlink:label="label_LicensingAgreementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LicensingAgreementsMember" xlink:type="resource" xml:lang="en-US">Licensing Agreements [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LicensingAgreementsMember" xlink:title="label: LicensingAgreementsMember to label_LicensingAgreementsMember" xlink:to="label_LicensingAgreementsMember" xlink:type="arc"/>
    <label id="label_LicensingAgreementsMember_2" xlink:label="label_LicensingAgreementsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LicensingAgreementsMember" xlink:type="resource" xml:lang="en-US">Port terminal operating rights</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LicensingAgreementsMember" xlink:title="label: LicensingAgreementsMember to label_LicensingAgreementsMember" xlink:to="label_LicensingAgreementsMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:label="LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:title="LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:type="locator"/>
    <label id="label_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:label="label_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:type="resource" xml:lang="en-US">Limited Liability Company LLC Or Limited Partnership LP Managing Member Or General Partner Ownership Interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:title="label: LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest to label_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:to="label_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:type="arc"/>
    <label id="label_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest_2" xlink:label="label_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:type="resource" xml:lang="en-US">General partner interest of Navios Holdings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:title="label: LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest to label_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:to="label_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:label="LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:title="LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:type="locator"/>
    <label id="label_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:label="label_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:type="resource" xml:lang="en-US">Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:title="label: LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest to label_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:to="label_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:type="arc"/>
    <label id="label_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest_2" xlink:label="label_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:type="resource" xml:lang="en-US">Percentage of ownership</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:title="label: LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest to label_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:to="label_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LimitedPartnerMember" xlink:label="LimitedPartnerMember" xlink:title="LimitedPartnerMember" xlink:type="locator"/>
    <label id="label_LimitedPartnerMember" xlink:label="label_LimitedPartnerMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LimitedPartnerMember" xlink:type="resource" xml:lang="en-US">Limited Partner [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LimitedPartnerMember" xlink:title="label: LimitedPartnerMember to label_LimitedPartnerMember" xlink:to="label_LimitedPartnerMember" xlink:type="arc"/>
    <label id="label_LimitedPartnerMember_2" xlink:label="label_LimitedPartnerMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LimitedPartnerMember" xlink:type="resource" xml:lang="en-US">Common units</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LimitedPartnerMember" xlink:title="label: LimitedPartnerMember to label_LimitedPartnerMember" xlink:to="label_LimitedPartnerMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding" xlink:label="LimitedPartnersCapitalAccountUnitsOutstanding" xlink:title="LimitedPartnersCapitalAccountUnitsOutstanding" xlink:type="locator"/>
    <label id="label_LimitedPartnersCapitalAccountUnitsOutstanding" xlink:label="label_LimitedPartnersCapitalAccountUnitsOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LimitedPartnersCapitalAccountUnitsOutstanding" xlink:type="resource" xml:lang="en-US">Limited Partners Capital Account Units Outstanding</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LimitedPartnersCapitalAccountUnitsOutstanding" xlink:title="label: LimitedPartnersCapitalAccountUnitsOutstanding to label_LimitedPartnersCapitalAccountUnitsOutstanding" xlink:to="label_LimitedPartnersCapitalAccountUnitsOutstanding" xlink:type="arc"/>
    <label id="label_LimitedPartnersCapitalAccountUnitsOutstanding_2" xlink:label="label_LimitedPartnersCapitalAccountUnitsOutstanding_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LimitedPartnersCapitalAccountUnitsOutstanding" xlink:type="resource" xml:lang="en-US">Common units held by Navios Holdings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LimitedPartnersCapitalAccountUnitsOutstanding" xlink:title="label: LimitedPartnersCapitalAccountUnitsOutstanding to label_LimitedPartnersCapitalAccountUnitsOutstanding" xlink:to="label_LimitedPartnersCapitalAccountUnitsOutstanding_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityAxis" xlink:label="LineOfCreditFacilityAxis" xlink:title="LineOfCreditFacilityAxis" xlink:type="locator"/>
    <label id="label_LineOfCreditFacilityAxis" xlink:label="label_LineOfCreditFacilityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineOfCreditFacilityAxis" xlink:type="resource" xml:lang="en-US">Lender Name [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityAxis" xlink:title="label: LineOfCreditFacilityAxis to label_LineOfCreditFacilityAxis" xlink:to="label_LineOfCreditFacilityAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityExpirationDate1" xlink:label="LineOfCreditFacilityExpirationDate1" xlink:title="LineOfCreditFacilityExpirationDate1" xlink:type="locator"/>
    <label id="label_LineOfCreditFacilityExpirationDate1" xlink:label="label_LineOfCreditFacilityExpirationDate1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineOfCreditFacilityExpirationDate1" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Expiration Date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityExpirationDate1" xlink:title="label: LineOfCreditFacilityExpirationDate1 to label_LineOfCreditFacilityExpirationDate1" xlink:to="label_LineOfCreditFacilityExpirationDate1" xlink:type="arc"/>
    <label id="label_LineOfCreditFacilityExpirationDate1_2" xlink:label="label_LineOfCreditFacilityExpirationDate1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LineOfCreditFacilityExpirationDate1" xlink:type="resource" xml:lang="en-US">Credit facility maturity date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityExpirationDate1" xlink:title="label: LineOfCreditFacilityExpirationDate1 to label_LineOfCreditFacilityExpirationDate1" xlink:to="label_LineOfCreditFacilityExpirationDate1_2" xlink:type="arc"/>
    <label id="label_LineOfCreditFacilityExpirationDate1_3" xlink:label="label_LineOfCreditFacilityExpirationDate1_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LineOfCreditFacilityExpirationDate1" xlink:type="resource" xml:lang="en-US">Expiration date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityExpirationDate1" xlink:title="label: LineOfCreditFacilityExpirationDate1 to label_LineOfCreditFacilityExpirationDate1" xlink:to="label_LineOfCreditFacilityExpirationDate1_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityFrequencyOfPayments" xlink:label="LineOfCreditFacilityFrequencyOfPayments" xlink:title="LineOfCreditFacilityFrequencyOfPayments" xlink:type="locator"/>
    <label id="label_LineOfCreditFacilityFrequencyOfPayments" xlink:label="label_LineOfCreditFacilityFrequencyOfPayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineOfCreditFacilityFrequencyOfPayments" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Frequency of Payments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityFrequencyOfPayments" xlink:title="label: LineOfCreditFacilityFrequencyOfPayments to label_LineOfCreditFacilityFrequencyOfPayments" xlink:to="label_LineOfCreditFacilityFrequencyOfPayments" xlink:type="arc"/>
    <label id="label_LineOfCreditFacilityFrequencyOfPayments_2" xlink:label="label_LineOfCreditFacilityFrequencyOfPayments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LineOfCreditFacilityFrequencyOfPayments" xlink:type="resource" xml:lang="en-US">Repayment frequency</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityFrequencyOfPayments" xlink:title="label: LineOfCreditFacilityFrequencyOfPayments to label_LineOfCreditFacilityFrequencyOfPayments" xlink:to="label_LineOfCreditFacilityFrequencyOfPayments_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityIncreaseDecreaseForPeriodNet" xlink:label="LineOfCreditFacilityIncreaseDecreaseForPeriodNet" xlink:title="LineOfCreditFacilityIncreaseDecreaseForPeriodNet" xlink:type="locator"/>
    <label id="label_LineOfCreditFacilityIncreaseDecreaseForPeriodNet" xlink:label="label_LineOfCreditFacilityIncreaseDecreaseForPeriodNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineOfCreditFacilityIncreaseDecreaseForPeriodNet" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Increase (Decrease), Net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityIncreaseDecreaseForPeriodNet" xlink:title="label: LineOfCreditFacilityIncreaseDecreaseForPeriodNet to label_LineOfCreditFacilityIncreaseDecreaseForPeriodNet" xlink:to="label_LineOfCreditFacilityIncreaseDecreaseForPeriodNet" xlink:type="arc"/>
    <label id="label_LineOfCreditFacilityIncreaseDecreaseForPeriodNet_2" xlink:label="label_LineOfCreditFacilityIncreaseDecreaseForPeriodNet_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LineOfCreditFacilityIncreaseDecreaseForPeriodNet" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Increase</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityIncreaseDecreaseForPeriodNet" xlink:title="label: LineOfCreditFacilityIncreaseDecreaseForPeriodNet to label_LineOfCreditFacilityIncreaseDecreaseForPeriodNet" xlink:to="label_LineOfCreditFacilityIncreaseDecreaseForPeriodNet_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityInitiationDate1" xlink:label="LineOfCreditFacilityInitiationDate1" xlink:title="LineOfCreditFacilityInitiationDate1" xlink:type="locator"/>
    <label id="label_LineOfCreditFacilityInitiationDate1" xlink:label="label_LineOfCreditFacilityInitiationDate1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineOfCreditFacilityInitiationDate1" xlink:type="resource" xml:lang="en-US">Line Of Credit Facility Initiation Date 1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityInitiationDate1" xlink:title="label: LineOfCreditFacilityInitiationDate1 to label_LineOfCreditFacilityInitiationDate1" xlink:to="label_LineOfCreditFacilityInitiationDate1" xlink:type="arc"/>
    <label id="label_LineOfCreditFacilityInitiationDate1_2" xlink:label="label_LineOfCreditFacilityInitiationDate1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LineOfCreditFacilityInitiationDate1" xlink:type="resource" xml:lang="en-US">Line of credit facility issuance date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityInitiationDate1" xlink:title="label: LineOfCreditFacilityInitiationDate1 to label_LineOfCreditFacilityInitiationDate1" xlink:to="label_LineOfCreditFacilityInitiationDate1_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityInterestRateDescription" xlink:label="LineOfCreditFacilityInterestRateDescription" xlink:title="LineOfCreditFacilityInterestRateDescription" xlink:type="locator"/>
    <label id="label_LineOfCreditFacilityInterestRateDescription" xlink:label="label_LineOfCreditFacilityInterestRateDescription" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineOfCreditFacilityInterestRateDescription" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Interest Rate Description</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityInterestRateDescription" xlink:title="label: LineOfCreditFacilityInterestRateDescription to label_LineOfCreditFacilityInterestRateDescription" xlink:to="label_LineOfCreditFacilityInterestRateDescription" xlink:type="arc"/>
    <label id="label_LineOfCreditFacilityInterestRateDescription_2" xlink:label="label_LineOfCreditFacilityInterestRateDescription_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LineOfCreditFacilityInterestRateDescription" xlink:type="resource" xml:lang="en-US">Interest rate description</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityInterestRateDescription" xlink:title="label: LineOfCreditFacilityInterestRateDescription to label_LineOfCreditFacilityInterestRateDescription" xlink:to="label_LineOfCreditFacilityInterestRateDescription_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityLenderDomain" xlink:label="LineOfCreditFacilityLenderDomain" xlink:title="LineOfCreditFacilityLenderDomain" xlink:type="locator"/>
    <label id="label_LineOfCreditFacilityLenderDomain" xlink:label="label_LineOfCreditFacilityLenderDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineOfCreditFacilityLenderDomain" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Lender [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityLenderDomain" xlink:title="label: LineOfCreditFacilityLenderDomain to label_LineOfCreditFacilityLenderDomain" xlink:to="label_LineOfCreditFacilityLenderDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="LineOfCreditFacilityMaximumBorrowingCapacity" xlink:title="LineOfCreditFacilityMaximumBorrowingCapacity" xlink:type="locator"/>
    <label id="label_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="label_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:type="resource" xml:lang="en-US">Amount of facility agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityMaximumBorrowingCapacity" xlink:title="label: LineOfCreditFacilityMaximumBorrowingCapacity to label_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="label_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:type="arc"/>
    <label id="label_LineOfCreditFacilityMaximumBorrowingCapacity_2" xlink:label="label_LineOfCreditFacilityMaximumBorrowingCapacity_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:type="resource" xml:lang="en-US">Line of credit facility maximum borrowing capacity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityMaximumBorrowingCapacity" xlink:title="label: LineOfCreditFacilityMaximumBorrowingCapacity to label_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="label_LineOfCreditFacilityMaximumBorrowingCapacity_2" xlink:type="arc"/>
    <label id="label_LineOfCreditFacilityMaximumBorrowingCapacity_3" xlink:label="label_LineOfCreditFacilityMaximumBorrowingCapacity_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:type="resource" xml:lang="en-US">Maximum borrowing capacity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityMaximumBorrowingCapacity" xlink:title="label: LineOfCreditFacilityMaximumBorrowingCapacity to label_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="label_LineOfCreditFacilityMaximumBorrowingCapacity_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityPeriodicPayment" xlink:label="LineOfCreditFacilityPeriodicPayment" xlink:title="LineOfCreditFacilityPeriodicPayment" xlink:type="locator"/>
    <label id="label_LineOfCreditFacilityPeriodicPayment" xlink:label="label_LineOfCreditFacilityPeriodicPayment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineOfCreditFacilityPeriodicPayment" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Periodic Payment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityPeriodicPayment" xlink:title="label: LineOfCreditFacilityPeriodicPayment to label_LineOfCreditFacilityPeriodicPayment" xlink:to="label_LineOfCreditFacilityPeriodicPayment" xlink:type="arc"/>
    <label id="label_LineOfCreditFacilityPeriodicPayment_2" xlink:label="label_LineOfCreditFacilityPeriodicPayment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LineOfCreditFacilityPeriodicPayment" xlink:type="resource" xml:lang="en-US">Repayment installment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityPeriodicPayment" xlink:title="label: LineOfCreditFacilityPeriodicPayment to label_LineOfCreditFacilityPeriodicPayment" xlink:to="label_LineOfCreditFacilityPeriodicPayment_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:label="LineOfCreditFacilityRemainingBorrowingCapacity" xlink:title="LineOfCreditFacilityRemainingBorrowingCapacity" xlink:type="locator"/>
    <label id="label_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:label="label_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:type="resource" xml:lang="en-US">Line Of Credit Facility Remaining Borrowing Capacity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityRemainingBorrowingCapacity" xlink:title="label: LineOfCreditFacilityRemainingBorrowingCapacity to label_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:to="label_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:type="arc"/>
    <label id="label_LineOfCreditFacilityRemainingBorrowingCapacity_2" xlink:label="label_LineOfCreditFacilityRemainingBorrowingCapacity_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:type="resource" xml:lang="en-US">Available amount of loan facility</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityRemainingBorrowingCapacity" xlink:title="label: LineOfCreditFacilityRemainingBorrowingCapacity to label_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:to="label_LineOfCreditFacilityRemainingBorrowingCapacity_2" xlink:type="arc"/>
    <label id="label_LineOfCreditFacilityRemainingBorrowingCapacity_3" xlink:label="label_LineOfCreditFacilityRemainingBorrowingCapacity_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:type="resource" xml:lang="en-US">Line of credit facility remaining borrowing capacity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityRemainingBorrowingCapacity" xlink:title="label: LineOfCreditFacilityRemainingBorrowingCapacity to label_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:to="label_LineOfCreditFacilityRemainingBorrowingCapacity_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditMember" xlink:label="LineOfCreditMember" xlink:title="LineOfCreditMember" xlink:type="locator"/>
    <label id="label_LineOfCreditMember" xlink:label="label_LineOfCreditMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineOfCreditMember" xlink:type="resource" xml:lang="en-US">Line of Credit [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditMember" xlink:title="label: LineOfCreditMember to label_LineOfCreditMember" xlink:to="label_LineOfCreditMember" xlink:type="arc"/>
    <label id="label_LineOfCreditMember_2" xlink:label="label_LineOfCreditMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LineOfCreditMember" xlink:type="resource" xml:lang="en-US">Line of Credit</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditMember" xlink:title="label: LineOfCreditMember to label_LineOfCreditMember" xlink:to="label_LineOfCreditMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCredit" xlink:label="LineOfCredit" xlink:title="LineOfCredit" xlink:type="locator"/>
    <label id="label_LineOfCredit" xlink:label="label_LineOfCredit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineOfCredit" xlink:type="resource" xml:lang="en-US">Line of credit</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCredit" xlink:title="label: LineOfCredit to label_LineOfCredit" xlink:to="label_LineOfCredit" xlink:type="arc"/>
    <label id="label_LineOfCredit_2" xlink:label="label_LineOfCredit_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LineOfCredit" xlink:type="resource" xml:lang="en-US">Credit facility outstanding amount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCredit" xlink:title="label: LineOfCredit to label_LineOfCredit" xlink:to="label_LineOfCredit_2" xlink:type="arc"/>
    <label id="label_LineOfCredit_3" xlink:label="label_LineOfCredit_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LineOfCredit" xlink:type="resource" xml:lang="en-US">Amount outstanding</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCredit" xlink:title="label: LineOfCredit to label_LineOfCredit" xlink:to="label_LineOfCredit_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LitigationSettlementExpense" xlink:label="LitigationSettlementExpense" xlink:title="LitigationSettlementExpense" xlink:type="locator"/>
    <label id="label_LitigationSettlementExpense" xlink:label="label_LitigationSettlementExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LitigationSettlementExpense" xlink:type="resource" xml:lang="en-US">Litigation Settlement Expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LitigationSettlementExpense" xlink:title="label: LitigationSettlementExpense to label_LitigationSettlementExpense" xlink:to="label_LitigationSettlementExpense" xlink:type="arc"/>
    <label id="label_LitigationSettlementExpense_2" xlink:label="label_LitigationSettlementExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LitigationSettlementExpense" xlink:type="resource" xml:lang="en-US">Litigation settlement expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LitigationSettlementExpense" xlink:title="label: LitigationSettlementExpense to label_LitigationSettlementExpense" xlink:to="label_LitigationSettlementExpense_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease" xlink:label="LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease" xlink:title="LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease" xlink:type="locator"/>
    <label id="label_LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease" xlink:label="label_LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease" xlink:type="resource" xml:lang="en-US">Loans And Leases Receivable Related Parties Period Increase Decrease</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease" xlink:title="label: LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease to label_LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease" xlink:to="label_LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease" xlink:type="arc"/>
    <label id="label_LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease_2" xlink:label="label_LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease" xlink:type="resource" xml:lang="en-US">Loan from/(to) affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease" xlink:title="label: LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease to label_LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease" xlink:to="label_LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansAndLeasesReceivableRelatedParties" xlink:label="LoansAndLeasesReceivableRelatedParties" xlink:title="LoansAndLeasesReceivableRelatedParties" xlink:type="locator"/>
    <label id="label_LoansAndLeasesReceivableRelatedParties" xlink:label="label_LoansAndLeasesReceivableRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoansAndLeasesReceivableRelatedParties" xlink:type="resource" xml:lang="en-US">Loan receivable from affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndLeasesReceivableRelatedParties" xlink:title="label: LoansAndLeasesReceivableRelatedParties to label_LoansAndLeasesReceivableRelatedParties" xlink:to="label_LoansAndLeasesReceivableRelatedParties" xlink:type="arc"/>
    <label id="label_LoansAndLeasesReceivableRelatedParties_2" xlink:label="label_LoansAndLeasesReceivableRelatedParties_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoansAndLeasesReceivableRelatedParties" xlink:type="resource" xml:lang="en-US">Loan receivable from affiliate companies - Book Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndLeasesReceivableRelatedParties" xlink:title="label: LoansAndLeasesReceivableRelatedParties to label_LoansAndLeasesReceivableRelatedParties" xlink:to="label_LoansAndLeasesReceivableRelatedParties_2" xlink:type="arc"/>
    <label id="label_LoansAndLeasesReceivableRelatedParties_3" xlink:label="label_LoansAndLeasesReceivableRelatedParties_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LoansAndLeasesReceivableRelatedParties" xlink:type="resource" xml:lang="en-US">Portion of the carrying balance of related party loan</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndLeasesReceivableRelatedParties" xlink:title="label: LoansAndLeasesReceivableRelatedParties to label_LoansAndLeasesReceivableRelatedParties" xlink:to="label_LoansAndLeasesReceivableRelatedParties_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansAssumed1" xlink:label="LoansAssumed1" xlink:title="LoansAssumed1" xlink:type="locator"/>
    <label id="label_LoansAssumed1" xlink:label="label_LoansAssumed1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoansAssumed1" xlink:type="resource" xml:lang="en-US">Debt assumed in connection with acquisitions of businesses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAssumed1" xlink:title="label: LoansAssumed1 to label_LoansAssumed1" xlink:to="label_LoansAssumed1" xlink:type="arc"/>
    <label id="label_LoansAssumed1_2" xlink:label="label_LoansAssumed1_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LoansAssumed1" xlink:type="resource" xml:lang="en-US">Debt assumed in connection with acquisitions of businesses (Note 11)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAssumed1" xlink:title="label: LoansAssumed1 to label_LoansAssumed1" xlink:to="label_LoansAssumed1_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansPayableFairValueDisclosure" xlink:label="LoansPayableFairValueDisclosure" xlink:title="LoansPayableFairValueDisclosure" xlink:type="locator"/>
    <label id="label_LoansPayableFairValueDisclosure" xlink:label="label_LoansPayableFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoansPayableFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Loans Payable Fair Value Disclosure</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansPayableFairValueDisclosure" xlink:title="label: LoansPayableFairValueDisclosure to label_LoansPayableFairValueDisclosure" xlink:to="label_LoansPayableFairValueDisclosure" xlink:type="arc"/>
    <label id="label_LoansPayableFairValueDisclosure_2" xlink:label="label_LoansPayableFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LoansPayableFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Long term debt, including current portion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansPayableFairValueDisclosure" xlink:title="label: LoansPayableFairValueDisclosure to label_LoansPayableFairValueDisclosure" xlink:to="label_LoansPayableFairValueDisclosure_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansPayableToBank" xlink:label="LoansPayableToBank" xlink:title="LoansPayableToBank" xlink:type="locator"/>
    <label id="label_LoansPayableToBank_2" xlink:label="label_LoansPayableToBank" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_LoansPayableToBank" xlink:type="resource" xml:lang="en-US">Long term debt, including current portion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansPayableToBank" xlink:title="label: LoansPayableToBank to label_LoansPayableToBank" xlink:to="label_LoansPayableToBank" xlink:type="arc"/>
    <label id="label_LoansPayableToBank_3" xlink:label="label_LoansPayableToBank_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoansPayableToBank" xlink:type="resource" xml:lang="en-US">Loans Payable To Bank</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansPayableToBank" xlink:title="label: LoansPayableToBank to label_LoansPayableToBank" xlink:to="label_LoansPayableToBank_2" xlink:type="arc"/>
    <label id="label_LoansPayableToBank_4" xlink:label="label_LoansPayableToBank_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoansPayableToBank" xlink:type="resource" xml:lang="en-US">Loan facility</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansPayableToBank" xlink:title="label: LoansPayableToBank to label_LoansPayableToBank" xlink:to="label_LoansPayableToBank_3" xlink:type="arc"/>
    <label id="label_LoansPayableToBank_5" xlink:label="label_LoansPayableToBank_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LoansPayableToBank" xlink:type="resource" xml:lang="en-US">Long-term debt, including current portion - Book Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansPayableToBank" xlink:title="label: LoansPayableToBank to label_LoansPayableToBank" xlink:to="label_LoansPayableToBank_4" xlink:type="arc"/>
    <label id="label_LoansPayableToBank" xlink:label="label_LoansPayableToBank_5" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_LoansPayableToBank" xlink:type="resource" xml:lang="en-US">Long-term debt, including current portion - Book Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansPayableToBank" xlink:title="label: LoansPayableToBank to label_LoansPayableToBank" xlink:to="label_LoansPayableToBank_5" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansReceivableFairValueDisclosure" xlink:label="LoansReceivableFairValueDisclosure" xlink:title="LoansReceivableFairValueDisclosure" xlink:type="locator"/>
    <label id="label_LoansReceivableFairValueDisclosure" xlink:label="label_LoansReceivableFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoansReceivableFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Loans Receivable Fair Value Disclosure</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansReceivableFairValueDisclosure" xlink:title="label: LoansReceivableFairValueDisclosure to label_LoansReceivableFairValueDisclosure" xlink:to="label_LoansReceivableFairValueDisclosure" xlink:type="arc"/>
    <label id="label_LoansReceivableFairValueDisclosure_2" xlink:label="label_LoansReceivableFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoansReceivableFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Loan receivable from affiliated company</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansReceivableFairValueDisclosure" xlink:title="label: LoansReceivableFairValueDisclosure to label_LoansReceivableFairValueDisclosure" xlink:to="label_LoansReceivableFairValueDisclosure_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtCurrent" xlink:label="LongTermDebtCurrent" xlink:title="LongTermDebtCurrent" xlink:type="locator"/>
    <label id="label_LongTermDebtCurrent" xlink:label="label_LongTermDebtCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtCurrent" xlink:type="resource" xml:lang="en-US">Long Term Debt Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtCurrent" xlink:title="label: LongTermDebtCurrent to label_LongTermDebtCurrent" xlink:to="label_LongTermDebtCurrent" xlink:type="arc"/>
    <label id="label_LongTermDebtCurrent_2" xlink:label="label_LongTermDebtCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtCurrent" xlink:type="resource" xml:lang="en-US">Current portion of long-term debt, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtCurrent" xlink:title="label: LongTermDebtCurrent to label_LongTermDebtCurrent" xlink:to="label_LongTermDebtCurrent_2" xlink:type="arc"/>
    <label id="label_LongTermDebtCurrent_3" xlink:label="label_LongTermDebtCurrent_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LongTermDebtCurrent" xlink:type="resource" xml:lang="en-US">Current portion of long-term debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtCurrent" xlink:title="label: LongTermDebtCurrent to label_LongTermDebtCurrent" xlink:to="label_LongTermDebtCurrent_3" xlink:type="arc"/>
    <label id="label_LongTermDebtCurrent_4" xlink:label="label_LongTermDebtCurrent_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_LongTermDebtCurrent" xlink:type="resource" xml:lang="en-US">Less: current portion, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtCurrent" xlink:title="label: LongTermDebtCurrent to label_LongTermDebtCurrent" xlink:to="label_LongTermDebtCurrent_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentTerms" xlink:label="LongTermDebtMaturitiesRepaymentTerms" xlink:title="LongTermDebtMaturitiesRepaymentTerms" xlink:type="locator"/>
    <label id="label_LongTermDebtMaturitiesRepaymentTerms" xlink:label="label_LongTermDebtMaturitiesRepaymentTerms" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtMaturitiesRepaymentTerms" xlink:type="resource" xml:lang="en-US">Long Term Debt Maturities Repayment Terms</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentTerms" xlink:title="label: LongTermDebtMaturitiesRepaymentTerms to label_LongTermDebtMaturitiesRepaymentTerms" xlink:to="label_LongTermDebtMaturitiesRepaymentTerms" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentTerms_2" xlink:label="label_LongTermDebtMaturitiesRepaymentTerms_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtMaturitiesRepaymentTerms" xlink:type="resource" xml:lang="en-US">Repayment/Redemption terms</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentTerms" xlink:title="label: LongTermDebtMaturitiesRepaymentTerms to label_LongTermDebtMaturitiesRepaymentTerms" xlink:to="label_LongTermDebtMaturitiesRepaymentTerms_2" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentTerms_3" xlink:label="label_LongTermDebtMaturitiesRepaymentTerms_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LongTermDebtMaturitiesRepaymentTerms" xlink:type="resource" xml:lang="en-US">Repayment terms</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentTerms" xlink:title="label: LongTermDebtMaturitiesRepaymentTerms to label_LongTermDebtMaturitiesRepaymentTerms" xlink:to="label_LongTermDebtMaturitiesRepaymentTerms_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:label="LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:type="locator"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:type="resource" xml:lang="en-US">Long Term Debt Maturities Repayments Of Principal After Year Five</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive to label_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_2" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:type="resource" xml:lang="en-US">2026 and thereafter</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive to label_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:label="LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:type="locator"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:type="resource" xml:lang="en-US">Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths to label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_2" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:type="resource" xml:lang="en-US">2014</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths to label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:label="LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:type="locator"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:type="resource" xml:lang="en-US">Long Term Debt Maturities Repayments Of Principal In Next Twelve Months</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths to label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_2" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:type="resource" xml:lang="en-US">2021(including total accrued interest of $852 of NSM Loan &amp; $50.0 million NSM Loan)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths to label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive" xlink:label="LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive" xlink:type="locator"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive" xlink:type="resource" xml:lang="en-US">Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive to label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive_2" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive" xlink:type="resource" xml:lang="en-US">2019 and thereafter</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive to label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive" xlink:label="LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive" xlink:type="locator"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive" xlink:type="resource" xml:lang="en-US">Long Term Debt Maturities Repayments Of Principal In Rolling Year Five</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive to label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive_2" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive" xlink:type="resource" xml:lang="en-US">2018</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive to label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour" xlink:label="LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour" xlink:type="locator"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour" xlink:type="resource" xml:lang="en-US">LongTerm Debt Maturities Repayments Of PrincipalIn Rolling Year Four</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour to label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour_2" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour" xlink:type="resource" xml:lang="en-US">2017</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour to label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree" xlink:label="LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree" xlink:type="locator"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree" xlink:type="resource" xml:lang="en-US">Long Term Debt Maturities Repayments Of Principal In Rolling Year Three</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree to label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree_2" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree" xlink:type="resource" xml:lang="en-US">2016</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree to label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo" xlink:label="LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo" xlink:type="locator"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo" xlink:type="resource" xml:lang="en-US">Long Term Debt Maturities Repayments Of Principal In Rolling Year Two</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo to label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_2" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo" xlink:type="resource" xml:lang="en-US">2015</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo to label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:label="LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:type="locator"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:type="resource" xml:lang="en-US">Long Term Debt Maturities Repayments Of Principal In Year Five</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive to label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_2" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:type="resource" xml:lang="en-US">2025</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:label="LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:type="locator"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:type="resource" xml:lang="en-US">Long Term Debt Maturities Repayments Of Principal In Year Four</label>
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    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_2" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:type="resource" xml:lang="en-US">2024</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:label="LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:type="locator"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:type="resource" xml:lang="en-US">Long Term Debt Maturities Repayments Of Principal In Year Three</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree to label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_2" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:type="resource" xml:lang="en-US">2023</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:type="locator"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:type="resource" xml:lang="en-US">Long Term Debt Maturities Repayments Of Principal In Year Two</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:title="label: LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo to label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:to="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_2" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:type="resource" xml:lang="en-US">2022</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="LongTermDebtNoncurrent" xlink:title="LongTermDebtNoncurrent" xlink:type="locator"/>
    <label id="label_LongTermDebtNoncurrent" xlink:label="label_LongTermDebtNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtNoncurrent" xlink:type="resource" xml:lang="en-US">Long Term Debt Noncurrent</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtNoncurrent" xlink:title="label: LongTermDebtNoncurrent to label_LongTermDebtNoncurrent" xlink:to="label_LongTermDebtNoncurrent" xlink:type="arc"/>
    <label id="label_LongTermDebtNoncurrent_2" xlink:label="label_LongTermDebtNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtNoncurrent" xlink:type="resource" xml:lang="en-US">Total long-term borrowings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtNoncurrent" xlink:title="label: LongTermDebtNoncurrent to label_LongTermDebtNoncurrent" xlink:to="label_LongTermDebtNoncurrent_2" xlink:type="arc"/>
    <label id="label_LongTermDebtNoncurrent_3" xlink:label="label_LongTermDebtNoncurrent_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_LongTermDebtNoncurrent" xlink:type="resource" xml:lang="en-US">Total long-term borrowings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtNoncurrent" xlink:title="label: LongTermDebtNoncurrent to label_LongTermDebtNoncurrent" xlink:to="label_LongTermDebtNoncurrent_3" xlink:type="arc"/>
    <label id="label_LongTermDebtNoncurrent_4" xlink:label="label_LongTermDebtNoncurrent_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LongTermDebtNoncurrent" xlink:type="resource" xml:lang="en-US">Long-term debt, net of current portion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtNoncurrent" xlink:title="label: LongTermDebtNoncurrent to label_LongTermDebtNoncurrent" xlink:to="label_LongTermDebtNoncurrent_4" xlink:type="arc"/>
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    <label id="label_LongTermDebt" xlink:label="label_LongTermDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebt" xlink:type="resource" xml:lang="en-US">Long Term Debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebt" xlink:title="label: LongTermDebt to label_LongTermDebt" xlink:to="label_LongTermDebt" xlink:type="arc"/>
    <label id="label_LongTermDebt_2" xlink:label="label_LongTermDebt_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebt" xlink:type="resource" xml:lang="en-US">Long-term debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebt" xlink:title="label: LongTermDebt to label_LongTermDebt" xlink:to="label_LongTermDebt_2" xlink:type="arc"/>
    <label id="label_LongTermDebt_3" xlink:label="label_LongTermDebt_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LongTermDebt" xlink:type="resource" xml:lang="en-US">Long-term debt, net (including current and noncurrent portion)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebt" xlink:title="label: LongTermDebt to label_LongTermDebt" xlink:to="label_LongTermDebt_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermLoansFromBank" xlink:label="LongTermLoansFromBank" xlink:title="LongTermLoansFromBank" xlink:type="locator"/>
    <label id="label_LongTermLoansFromBank" xlink:label="label_LongTermLoansFromBank" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:title="label_LongTermLoansFromBank" xlink:type="resource" xml:lang="en-US">Long-term debt, net of current portion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermLoansFromBank" xlink:title="label: LongTermLoansFromBank to label_LongTermLoansFromBank" xlink:to="label_LongTermLoansFromBank" xlink:type="arc"/>
    <label id="label_LongTermLoansFromBank_2" xlink:label="label_LongTermLoansFromBank_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermLoansFromBank" xlink:type="resource" xml:lang="en-US">Long Term Loans From Bank</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermLoansFromBank" xlink:title="label: LongTermLoansFromBank to label_LongTermLoansFromBank" xlink:to="label_LongTermLoansFromBank_2" xlink:type="arc"/>
    <label id="label_LongTermLoansFromBank_3" xlink:label="label_LongTermLoansFromBank_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermLoansFromBank" xlink:type="resource" xml:lang="en-US">Long term debt, net of current portion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermLoansFromBank" xlink:title="label: LongTermLoansFromBank to label_LongTermLoansFromBank" xlink:to="label_LongTermLoansFromBank_3" xlink:type="arc"/>
    <label id="label_LongTermLoansFromBank_4" xlink:label="label_LongTermLoansFromBank_4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_LongTermLoansFromBank" xlink:type="resource" xml:lang="en-US">Total long-term borrowings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermLoansFromBank" xlink:title="label: LongTermLoansFromBank to label_LongTermLoansFromBank" xlink:to="label_LongTermLoansFromBank_4" xlink:type="arc"/>
    <label id="label_LongTermLoansFromBank_5" xlink:label="label_LongTermLoansFromBank_5" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LongTermLoansFromBank" xlink:type="resource" xml:lang="en-US">Long-term debt, net of current portion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermLoansFromBank" xlink:title="label: LongTermLoansFromBank to label_LongTermLoansFromBank" xlink:to="label_LongTermLoansFromBank_5" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermNotesAndLoans" xlink:label="LongTermNotesAndLoans" xlink:title="LongTermNotesAndLoans" xlink:type="locator"/>
    <label id="label_LongTermNotesAndLoans" xlink:label="label_LongTermNotesAndLoans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermNotesAndLoans" xlink:type="resource" xml:lang="en-US">Long-term debt, net of current portion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermNotesAndLoans" xlink:title="label: LongTermNotesAndLoans to label_LongTermNotesAndLoans" xlink:to="label_LongTermNotesAndLoans" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermPurchaseCommitmentTextBlock" xlink:label="LongTermPurchaseCommitmentTextBlock" xlink:title="LongTermPurchaseCommitmentTextBlock" xlink:type="locator"/>
    <label id="label_LongTermPurchaseCommitmentTextBlock" xlink:label="label_LongTermPurchaseCommitmentTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermPurchaseCommitmentTextBlock" xlink:type="resource" xml:lang="en-US">Long Term Purchase Commitment [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermPurchaseCommitmentTextBlock" xlink:title="label: LongTermPurchaseCommitmentTextBlock to label_LongTermPurchaseCommitmentTextBlock" xlink:to="label_LongTermPurchaseCommitmentTextBlock" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermPurchaseCommitmentTextBlock" xlink:title="label: LongTermPurchaseCommitmentTextBlock to label_LongTermPurchaseCommitmentTextBlock" xlink:to="label_LongTermPurchaseCommitmentTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="LongtermDebtTypeAxis" xlink:title="LongtermDebtTypeAxis" xlink:type="locator"/>
    <label id="label_LongtermDebtTypeAxis" xlink:label="label_LongtermDebtTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongtermDebtTypeAxis" xlink:type="resource" xml:lang="en-US">Long-term Debt, Type [Axis]</label>
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    <label id="label_LongtermDebtTypeDomain" xlink:label="label_LongtermDebtTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongtermDebtTypeDomain" xlink:type="resource" xml:lang="en-US">Long-term Debt, Type [Domain]</label>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LossContingenciesLineItems" xlink:title="label: LossContingenciesLineItems to label_LossContingenciesLineItems" xlink:to="label_LossContingenciesLineItems" xlink:type="arc"/>
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    <label id="label_LossContingenciesTable" xlink:label="label_LossContingenciesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LossContingenciesTable" xlink:type="resource" xml:lang="en-US">Loss Contingencies [Table]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LossContingenciesTable" xlink:title="label: LossContingenciesTable to label_LossContingenciesTable" xlink:to="label_LossContingenciesTable" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LossContingencyLawsuitFilingDate" xlink:label="LossContingencyLawsuitFilingDate" xlink:title="LossContingencyLawsuitFilingDate" xlink:type="locator"/>
    <label id="label_LossContingencyLawsuitFilingDate" xlink:label="label_LossContingencyLawsuitFilingDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LossContingencyLawsuitFilingDate" xlink:type="resource" xml:lang="en-US">Loss Contingency Lawsuit Filing Date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LossContingencyLawsuitFilingDate" xlink:title="label: LossContingencyLawsuitFilingDate to label_LossContingencyLawsuitFilingDate" xlink:to="label_LossContingencyLawsuitFilingDate" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LossContingencyLawsuitFilingDate" xlink:title="label: LossContingencyLawsuitFilingDate to label_LossContingencyLawsuitFilingDate" xlink:to="label_LossContingencyLawsuitFilingDate_2" xlink:type="arc"/>
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    <label id="label_LossContingencyNatureDomain" xlink:label="label_LossContingencyNatureDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LossContingencyNatureDomain" xlink:type="resource" xml:lang="en-US">Loss Contingency, Nature [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LossContingencyNatureDomain" xlink:title="label: LossContingencyNatureDomain to label_LossContingencyNatureDomain" xlink:to="label_LossContingencyNatureDomain" xlink:type="arc"/>
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    <label id="label_MajorPropertyClassAxis" xlink:label="label_MajorPropertyClassAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MajorPropertyClassAxis" xlink:type="resource" xml:lang="en-US">Major Property Class [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorPropertyClassAxis" xlink:title="label: MajorPropertyClassAxis to label_MajorPropertyClassAxis" xlink:to="label_MajorPropertyClassAxis" xlink:type="arc"/>
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    <label id="label_MajorPropertyClassDomain" xlink:label="label_MajorPropertyClassDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MajorPropertyClassDomain" xlink:type="resource" xml:lang="en-US">Major Property Class [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorPropertyClassDomain" xlink:title="label: MajorPropertyClassDomain to label_MajorPropertyClassDomain" xlink:to="label_MajorPropertyClassDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ManagementFeeExpense" xlink:label="ManagementFeeExpense" xlink:title="ManagementFeeExpense" xlink:type="locator"/>
    <label id="label_ManagementFeeExpense" xlink:label="label_ManagementFeeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ManagementFeeExpense" xlink:type="resource" xml:lang="en-US">Management Fee Expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementFeeExpense" xlink:title="label: ManagementFeeExpense to label_ManagementFeeExpense" xlink:to="label_ManagementFeeExpense" xlink:type="arc"/>
    <label id="label_ManagementFeeExpense_2" xlink:label="label_ManagementFeeExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ManagementFeeExpense" xlink:type="resource" xml:lang="en-US">Management fees</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementFeeExpense" xlink:title="label: ManagementFeeExpense to label_ManagementFeeExpense" xlink:to="label_ManagementFeeExpense_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MarginDepositAssets" xlink:label="MarginDepositAssets" xlink:title="MarginDepositAssets" xlink:type="locator"/>
    <label id="label_MarginDepositAssets" xlink:label="label_MarginDepositAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MarginDepositAssets" xlink:type="resource" xml:lang="en-US">Margin Deposit Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MarginDepositAssets" xlink:title="label: MarginDepositAssets to label_MarginDepositAssets" xlink:to="label_MarginDepositAssets" xlink:type="arc"/>
    <label id="label_MarginDepositAssets_2" xlink:label="label_MarginDepositAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MarginDepositAssets" xlink:type="resource" xml:lang="en-US">Restricted cash balance with NOS ASA</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MarginDepositAssets" xlink:title="label: MarginDepositAssets to label_MarginDepositAssets" xlink:to="label_MarginDepositAssets_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MaritimeEquipmentMember" xlink:label="MaritimeEquipmentMember" xlink:title="MaritimeEquipmentMember" xlink:type="locator"/>
    <label id="label_MaritimeEquipmentMember" xlink:label="label_MaritimeEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaritimeEquipmentMember" xlink:type="resource" xml:lang="en-US">Maritime Equipment [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaritimeEquipmentMember" xlink:title="label: MaritimeEquipmentMember to label_MaritimeEquipmentMember" xlink:to="label_MaritimeEquipmentMember" xlink:type="arc"/>
    <label id="label_MaritimeEquipmentMember_2" xlink:label="label_MaritimeEquipmentMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaritimeEquipmentMember" xlink:type="resource" xml:lang="en-US">Charter-in vessels in operation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaritimeEquipmentMember" xlink:title="label: MaritimeEquipmentMember to label_MaritimeEquipmentMember" xlink:to="label_MaritimeEquipmentMember_2" xlink:type="arc"/>
    <label id="label_MaritimeEquipmentMember_3" xlink:label="label_MaritimeEquipmentMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_MaritimeEquipmentMember" xlink:type="resource" xml:lang="en-US">Drybulk vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaritimeEquipmentMember" xlink:title="label: MaritimeEquipmentMember to label_MaritimeEquipmentMember" xlink:to="label_MaritimeEquipmentMember_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MinorityInterestDecreaseFromRedemptions" xlink:label="MinorityInterestDecreaseFromRedemptions" xlink:title="MinorityInterestDecreaseFromRedemptions" xlink:type="locator"/>
    <label id="label_MinorityInterestDecreaseFromRedemptions" xlink:label="label_MinorityInterestDecreaseFromRedemptions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterestDecreaseFromRedemptions" xlink:type="resource" xml:lang="en-US">Navios Logistics acquisition of noncontrolling interest (including transaction expenses) (Note 23)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestDecreaseFromRedemptions" xlink:title="label: MinorityInterestDecreaseFromRedemptions to label_MinorityInterestDecreaseFromRedemptions" xlink:to="label_MinorityInterestDecreaseFromRedemptions" xlink:type="arc"/>
    <label id="label_MinorityInterestDecreaseFromRedemptions_2" xlink:label="label_MinorityInterestDecreaseFromRedemptions_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinorityInterestDecreaseFromRedemptions" xlink:type="resource" xml:lang="en-US">Navios Logistics - acquisition of noncontrolling interest (including transaction expenses)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestDecreaseFromRedemptions" xlink:title="label: MinorityInterestDecreaseFromRedemptions to label_MinorityInterestDecreaseFromRedemptions" xlink:to="label_MinorityInterestDecreaseFromRedemptions_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MinorityInterestDisclosureTextBlock" xlink:label="MinorityInterestDisclosureTextBlock" xlink:title="MinorityInterestDisclosureTextBlock" xlink:type="locator"/>
    <label id="label_MinorityInterestDisclosureTextBlock" xlink:label="label_MinorityInterestDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterestDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">Minority Interest Disclosure [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestDisclosureTextBlock" xlink:title="label: MinorityInterestDisclosureTextBlock to label_MinorityInterestDisclosureTextBlock" xlink:to="label_MinorityInterestDisclosureTextBlock" xlink:type="arc"/>
    <label id="label_MinorityInterestDisclosureTextBlock_2" xlink:label="label_MinorityInterestDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinorityInterestDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">NONCONTROLLING INTEREST</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestDisclosureTextBlock" xlink:title="label: MinorityInterestDisclosureTextBlock to label_MinorityInterestDisclosureTextBlock" xlink:to="label_MinorityInterestDisclosureTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MinorityInterest" xlink:label="MinorityInterest" xlink:title="MinorityInterest" xlink:type="locator"/>
    <label id="label_MinorityInterest" xlink:label="label_MinorityInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterest" xlink:type="resource" xml:lang="en-US">Minority interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterest" xlink:title="label: MinorityInterest to label_MinorityInterest" xlink:to="label_MinorityInterest" xlink:type="arc"/>
    <label id="label_MinorityInterest_2" xlink:label="label_MinorityInterest_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_MinorityInterest" xlink:type="resource" xml:lang="en-US">Noncontrolling interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterest" xlink:title="label: MinorityInterest to label_MinorityInterest" xlink:to="label_MinorityInterest_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MoneyMarketFundsAtCarryingValue" xlink:label="MoneyMarketFundsAtCarryingValue" xlink:title="MoneyMarketFundsAtCarryingValue" xlink:type="locator"/>
    <label id="label_MoneyMarketFundsAtCarryingValue" xlink:label="label_MoneyMarketFundsAtCarryingValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MoneyMarketFundsAtCarryingValue" xlink:type="resource" xml:lang="en-US">Money Market Funds At Carrying Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MoneyMarketFundsAtCarryingValue" xlink:title="label: MoneyMarketFundsAtCarryingValue to label_MoneyMarketFundsAtCarryingValue" xlink:to="label_MoneyMarketFundsAtCarryingValue" xlink:type="arc"/>
    <label id="label_MoneyMarketFundsAtCarryingValue_2" xlink:label="label_MoneyMarketFundsAtCarryingValue_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MoneyMarketFundsAtCarryingValue" xlink:type="resource" xml:lang="en-US">Money market funds</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MoneyMarketFundsAtCarryingValue" xlink:title="label: MoneyMarketFundsAtCarryingValue to label_MoneyMarketFundsAtCarryingValue" xlink:to="label_MoneyMarketFundsAtCarryingValue_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MortgagesMember" xlink:label="MortgagesMember" xlink:title="MortgagesMember" xlink:type="locator"/>
    <label id="label_MortgagesMember" xlink:label="label_MortgagesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MortgagesMember" xlink:type="resource" xml:lang="en-US">Mortgages [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MortgagesMember" xlink:title="label: MortgagesMember to label_MortgagesMember" xlink:to="label_MortgagesMember" xlink:type="arc"/>
    <label id="label_MortgagesMember_2" xlink:label="label_MortgagesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MortgagesMember" xlink:type="resource" xml:lang="en-US">2017 Notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MortgagesMember" xlink:title="label: MortgagesMember to label_MortgagesMember" xlink:to="label_MortgagesMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:title="NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:type="locator"/>
    <label id="label_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="label_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:type="resource" xml:lang="en-US">FINANCING ACTIVITIES [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:title="label: NetCashProvidedByUsedInFinancingActivitiesAbstract to label_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="label_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:type="arc"/>
    <label id="label_NetCashProvidedByUsedInFinancingActivitiesAbstract_2" xlink:label="label_NetCashProvidedByUsedInFinancingActivitiesAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:type="resource" xml:lang="en-US">FINANCING ACTIVITIES:</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:title="label: NetCashProvidedByUsedInFinancingActivitiesAbstract to label_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="label_NetCashProvidedByUsedInFinancingActivitiesAbstract_2" xlink:type="arc"/>
    <label id="label_NetCashProvidedByUsedInFinancingActivitiesAbstract_3" xlink:label="label_NetCashProvidedByUsedInFinancingActivitiesAbstract_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:type="resource" xml:lang="en-US">Cash flows from financing activities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:title="label: NetCashProvidedByUsedInFinancingActivitiesAbstract to label_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="label_NetCashProvidedByUsedInFinancingActivitiesAbstract_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="NetCashProvidedByUsedInFinancingActivities" xlink:title="NetCashProvidedByUsedInFinancingActivities" xlink:type="locator"/>
    <label id="label_NetCashProvidedByUsedInFinancingActivities" xlink:label="label_NetCashProvidedByUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetCashProvidedByUsedInFinancingActivities" xlink:type="resource" xml:lang="en-US">Net cash provided by/(used in) financing activities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInFinancingActivities" xlink:title="label: NetCashProvidedByUsedInFinancingActivities to label_NetCashProvidedByUsedInFinancingActivities" xlink:to="label_NetCashProvidedByUsedInFinancingActivities" xlink:type="arc"/>
    <label id="label_NetCashProvidedByUsedInFinancingActivities_2" xlink:label="label_NetCashProvidedByUsedInFinancingActivities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetCashProvidedByUsedInFinancingActivities" xlink:type="resource" xml:lang="en-US">Net cash (used in)/provided by financing activities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInFinancingActivities" xlink:title="label: NetCashProvidedByUsedInFinancingActivities to label_NetCashProvidedByUsedInFinancingActivities" xlink:to="label_NetCashProvidedByUsedInFinancingActivities_2" xlink:type="arc"/>
    <label id="label_NetCashProvidedByUsedInFinancingActivities_3" xlink:label="label_NetCashProvidedByUsedInFinancingActivities_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NetCashProvidedByUsedInFinancingActivities" xlink:type="resource" xml:lang="en-US">Net cash provided by/(used in) financing activities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInFinancingActivities" xlink:title="label: NetCashProvidedByUsedInFinancingActivities to label_NetCashProvidedByUsedInFinancingActivities" xlink:to="label_NetCashProvidedByUsedInFinancingActivities_3" xlink:type="arc"/>
    <label id="label_NetCashProvidedByUsedInFinancingActivities_4" xlink:label="label_NetCashProvidedByUsedInFinancingActivities_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NetCashProvidedByUsedInFinancingActivities" xlink:type="resource" xml:lang="en-US">Net cash provided by financing activities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInFinancingActivities" xlink:title="label: NetCashProvidedByUsedInFinancingActivities to label_NetCashProvidedByUsedInFinancingActivities" xlink:to="label_NetCashProvidedByUsedInFinancingActivities_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:title="NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:type="locator"/>
    <label id="label_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="label_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:type="resource" xml:lang="en-US">INVESTING ACTIVITIES [Abstract]</label>
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    <label id="label_NetCashProvidedByUsedInInvestingActivitiesAbstract_2" xlink:label="label_NetCashProvidedByUsedInInvestingActivitiesAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:type="resource" xml:lang="en-US">INVESTING ACTIVITIES:</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:title="label: NetCashProvidedByUsedInInvestingActivitiesAbstract to label_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="label_NetCashProvidedByUsedInInvestingActivitiesAbstract_2" xlink:type="arc"/>
    <label id="label_NetCashProvidedByUsedInInvestingActivitiesAbstract_3" xlink:label="label_NetCashProvidedByUsedInInvestingActivitiesAbstract_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:type="resource" xml:lang="en-US">Cash flows from investing activities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:title="label: NetCashProvidedByUsedInInvestingActivitiesAbstract to label_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="label_NetCashProvidedByUsedInInvestingActivitiesAbstract_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="NetCashProvidedByUsedInInvestingActivities" xlink:title="NetCashProvidedByUsedInInvestingActivities" xlink:type="locator"/>
    <label id="label_NetCashProvidedByUsedInInvestingActivities" xlink:label="label_NetCashProvidedByUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetCashProvidedByUsedInInvestingActivities" xlink:type="resource" xml:lang="en-US">Net cash used in investing activities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInInvestingActivities" xlink:title="label: NetCashProvidedByUsedInInvestingActivities to label_NetCashProvidedByUsedInInvestingActivities" xlink:to="label_NetCashProvidedByUsedInInvestingActivities" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInInvestingActivities" xlink:title="label: NetCashProvidedByUsedInInvestingActivities to label_NetCashProvidedByUsedInInvestingActivities" xlink:to="label_NetCashProvidedByUsedInInvestingActivities_2" xlink:type="arc"/>
    <label id="label_NetCashProvidedByUsedInInvestingActivities_3" xlink:label="label_NetCashProvidedByUsedInInvestingActivities_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NetCashProvidedByUsedInInvestingActivities" xlink:type="resource" xml:lang="en-US">Net cash provided by/(used in) investing activities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInInvestingActivities" xlink:title="label: NetCashProvidedByUsedInInvestingActivities to label_NetCashProvidedByUsedInInvestingActivities" xlink:to="label_NetCashProvidedByUsedInInvestingActivities_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:title="NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="locator"/>
    <label id="label_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="label_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="resource" xml:lang="en-US">OPERATING ACTIVITIES: [Abstract]</label>
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    <label id="label_NetIncomeLossAttributableToNoncontrollingInterest_3" xlink:label="label_NetIncomeLossAttributableToNoncontrollingInterest_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NetIncomeLossAttributableToNoncontrollingInterest" xlink:type="resource" xml:lang="en-US">Net loss</label>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLossAttributableToNoncontrollingInterest" xlink:title="label: NetIncomeLossAttributableToNoncontrollingInterest to label_NetIncomeLossAttributableToNoncontrollingInterest" xlink:to="label_NetIncomeLossAttributableToNoncontrollingInterest_4" xlink:type="arc"/>
    <label id="label_NetIncomeLossAttributableToNoncontrollingInterest_5" xlink:label="label_NetIncomeLossAttributableToNoncontrollingInterest_5" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_NetIncomeLossAttributableToNoncontrollingInterest" xlink:type="resource" xml:lang="en-US">Less: Net income attributable to the noncontrolling interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLossAttributableToNoncontrollingInterest" xlink:title="label: NetIncomeLossAttributableToNoncontrollingInterest to label_NetIncomeLossAttributableToNoncontrollingInterest" xlink:to="label_NetIncomeLossAttributableToNoncontrollingInterest_5" xlink:type="arc"/>
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    <label id="label_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="label_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:type="resource" xml:lang="en-US">Loss available to Navios Holdings common stockholders, basic</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLossAvailableToCommonStockholdersBasic" xlink:title="label: NetIncomeLossAvailableToCommonStockholdersBasic to label_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:to="label_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:type="arc"/>
    <label id="label_NetIncomeLossAvailableToCommonStockholdersBasic_2" xlink:label="label_NetIncomeLossAvailableToCommonStockholdersBasic_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:type="resource" xml:lang="en-US">Net Income Loss Available To Common Stockholders Basic</label>
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    <label id="label_NetIncomeLossAvailableToCommonStockholdersBasic_3" xlink:label="label_NetIncomeLossAvailableToCommonStockholdersBasic_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:type="resource" xml:lang="en-US">Income available to Navios Holdings common stockholders, basic</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLossAvailableToCommonStockholdersBasic" xlink:title="label: NetIncomeLossAvailableToCommonStockholdersBasic to label_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:to="label_NetIncomeLossAvailableToCommonStockholdersBasic_3" xlink:type="arc"/>
    <label id="label_NetIncomeLossAvailableToCommonStockholdersBasic_4" xlink:label="label_NetIncomeLossAvailableToCommonStockholdersBasic_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:type="resource" xml:lang="en-US">Loss attributable to Navios Holdings common stockholders, basic</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLossAvailableToCommonStockholdersBasic" xlink:title="label: NetIncomeLossAvailableToCommonStockholdersBasic to label_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:to="label_NetIncomeLossAvailableToCommonStockholdersBasic_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:label="NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:title="NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:type="locator"/>
    <label id="label_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:label="label_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:type="resource" xml:lang="en-US">(Loss)/income available to Navios Holdings common stockholders, diluted</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:title="label: NetIncomeLossAvailableToCommonStockholdersDiluted to label_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:to="label_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:type="arc"/>
    <label id="label_NetIncomeLossAvailableToCommonStockholdersDiluted_2" xlink:label="label_NetIncomeLossAvailableToCommonStockholdersDiluted_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:type="resource" xml:lang="en-US">Net Income Loss Available To Common Stockholders Diluted</label>
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    <label id="label_NetIncomeLossAvailableToCommonStockholdersDiluted_3" xlink:label="label_NetIncomeLossAvailableToCommonStockholdersDiluted_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:type="resource" xml:lang="en-US">Income available to Navios Holdings common stockholders, diluted</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:title="label: NetIncomeLossAvailableToCommonStockholdersDiluted to label_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:to="label_NetIncomeLossAvailableToCommonStockholdersDiluted_3" xlink:type="arc"/>
    <label id="label_NetIncomeLossAvailableToCommonStockholdersDiluted_4" xlink:label="label_NetIncomeLossAvailableToCommonStockholdersDiluted_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:type="resource" xml:lang="en-US">Loss attributable to Navios Holdings common stockholders, diluted</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:title="label: NetIncomeLossAvailableToCommonStockholdersDiluted to label_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:to="label_NetIncomeLossAvailableToCommonStockholdersDiluted_4" xlink:type="arc"/>
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    <label id="label_NetIncomeLoss" xlink:label="label_NetIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetIncomeLoss" xlink:type="resource" xml:lang="en-US">Net income attributable to Navios Holdings common stockholders</label>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLoss" xlink:title="label: NetIncomeLoss to label_NetIncomeLoss" xlink:to="label_NetIncomeLoss_2" xlink:type="arc"/>
    <label id="label_NetIncomeLoss_3" xlink:label="label_NetIncomeLoss_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NetIncomeLoss" xlink:type="resource" xml:lang="en-US">Net loss attributable to Navios Holdings common stockholders</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLoss" xlink:title="label: NetIncomeLoss to label_NetIncomeLoss" xlink:to="label_NetIncomeLoss_3" xlink:type="arc"/>
    <label id="label_NetIncomeLoss_4" xlink:label="label_NetIncomeLoss_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NetIncomeLoss" xlink:type="resource" xml:lang="en-US">Net loss attributable to Navios Holdings common stockholders</label>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewAccountingPrinciplesEarlyAdoptionMember" xlink:title="label: NewAccountingPrinciplesEarlyAdoptionMember to label_NewAccountingPrinciplesEarlyAdoptionMember" xlink:to="label_NewAccountingPrinciplesEarlyAdoptionMember" xlink:type="arc"/>
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    <label id="label_NoncashInvestingAndFinancingItemsAbstract_2" xlink:label="label_NoncashInvestingAndFinancingItemsAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncashInvestingAndFinancingItemsAbstract" xlink:type="resource" xml:lang="en-US">Non-cash investing and financing activities</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:label="NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:title="NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:type="locator"/>
    <label id="label_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_2" xlink:label="label_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:type="resource" xml:lang="en-US">Issuance of preferred stock in connection with the acquisition of vessels (Note 7 and 17)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:title="label: NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 to label_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:to="label_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_2" xlink:type="arc"/>
    <label id="label_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_3" xlink:label="label_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:type="resource" xml:lang="en-US">Investment in available for sale securities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:title="label: NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 to label_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:to="label_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_3" xlink:type="arc"/>
    <label id="label_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:label="label_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:type="resource" xml:lang="en-US">Acquisition of vessels, port terminals and other fixed assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:title="label: NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 to label_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:to="label_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1" xlink:label="NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1" xlink:title="NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1" xlink:type="locator"/>
    <label id="label_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1" xlink:label="label_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1" xlink:type="resource" xml:lang="en-US">Noncash Or Part Noncash Acquisition Intangible Assets Acquired 1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1" xlink:title="label: NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 to label_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1" xlink:to="label_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1" xlink:type="arc"/>
    <label id="label_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1_2" xlink:label="label_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1" xlink:type="resource" xml:lang="en-US">Acquisition of intangible assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1" xlink:title="label: NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 to label_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1" xlink:to="label_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" xlink:label="NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" xlink:title="NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" xlink:type="locator"/>
    <label id="label_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1_2" xlink:label="label_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" xlink:type="resource" xml:lang="en-US">Issuance of convertible debt in connection with the acquisition of vessels (Note 7 and 11)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" xlink:title="label: NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 to label_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" xlink:to="label_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1_2" xlink:type="arc"/>
    <label id="label_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1_3" xlink:label="label_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" xlink:type="resource" xml:lang="en-US">Issuance of convertible debt in connection with the acquisition of vessels (Note 7 and 11)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" xlink:title="label: NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 to label_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" xlink:to="label_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1_3" xlink:type="arc"/>
    <label id="label_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" xlink:label="label_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" xlink:type="resource" xml:lang="en-US">Long-term liability recognized</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" xlink:title="label: NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 to label_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" xlink:to="label_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoncontrollingInterestAbstract" xlink:label="NoncontrollingInterestAbstract" xlink:title="NoncontrollingInterestAbstract" xlink:type="locator"/>
    <label id="label_NoncontrollingInterestAbstract" xlink:label="label_NoncontrollingInterestAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestAbstract" xlink:type="resource" xml:lang="en-US">NONCONTROLLING INTEREST [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestAbstract" xlink:title="label: NoncontrollingInterestAbstract to label_NoncontrollingInterestAbstract" xlink:to="label_NoncontrollingInterestAbstract" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoncontrollingInterestMember" xlink:label="NoncontrollingInterestMember" xlink:title="NoncontrollingInterestMember" xlink:type="locator"/>
    <label id="label_NoncontrollingInterestMember" xlink:label="label_NoncontrollingInterestMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestMember" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestMember" xlink:title="label: NoncontrollingInterestMember to label_NoncontrollingInterestMember" xlink:to="label_NoncontrollingInterestMember" xlink:type="arc"/>
    <label id="label_NoncontrollingInterestMember_2" xlink:label="label_NoncontrollingInterestMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingInterestMember" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestMember" xlink:title="label: NoncontrollingInterestMember to label_NoncontrollingInterestMember" xlink:to="label_NoncontrollingInterestMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesAndLoansPayableCurrent" xlink:label="NotesAndLoansPayableCurrent" xlink:title="NotesAndLoansPayableCurrent" xlink:type="locator"/>
    <label id="label_NotesAndLoansPayableCurrent" xlink:label="label_NotesAndLoansPayableCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesAndLoansPayableCurrent" xlink:type="resource" xml:lang="en-US">Current portion of long term debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesAndLoansPayableCurrent" xlink:title="label: NotesAndLoansPayableCurrent to label_NotesAndLoansPayableCurrent" xlink:to="label_NotesAndLoansPayableCurrent" xlink:type="arc"/>
    <label id="label_NotesAndLoansPayableCurrent_2" xlink:label="label_NotesAndLoansPayableCurrent_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_NotesAndLoansPayableCurrent" xlink:type="resource" xml:lang="en-US">Less: current portion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesAndLoansPayableCurrent" xlink:title="label: NotesAndLoansPayableCurrent to label_NotesAndLoansPayableCurrent" xlink:to="label_NotesAndLoansPayableCurrent_2" xlink:type="arc"/>
    <label id="label_NotesAndLoansPayableCurrent_3" xlink:label="label_NotesAndLoansPayableCurrent_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotesAndLoansPayableCurrent" xlink:type="resource" xml:lang="en-US">Current portion of loan payable to affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesAndLoansPayableCurrent" xlink:title="label: NotesAndLoansPayableCurrent to label_NotesAndLoansPayableCurrent" xlink:to="label_NotesAndLoansPayableCurrent_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesAndLoansReceivableNetNoncurrent" xlink:label="NotesAndLoansReceivableNetNoncurrent" xlink:title="NotesAndLoansReceivableNetNoncurrent" xlink:type="locator"/>
    <label id="label_NotesAndLoansReceivableNetNoncurrent" xlink:label="label_NotesAndLoansReceivableNetNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesAndLoansReceivableNetNoncurrent" xlink:type="resource" xml:lang="en-US">Loan receivable from affiliate company</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesAndLoansReceivableNetNoncurrent" xlink:title="label: NotesAndLoansReceivableNetNoncurrent to label_NotesAndLoansReceivableNetNoncurrent" xlink:to="label_NotesAndLoansReceivableNetNoncurrent" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesPayableFairValueDisclosure" xlink:label="NotesPayableFairValueDisclosure" xlink:title="NotesPayableFairValueDisclosure" xlink:type="locator"/>
    <label id="label_NotesPayableFairValueDisclosure" xlink:label="label_NotesPayableFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesPayableFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Notes Payable Fair Value Disclosure</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayableFairValueDisclosure" xlink:title="label: NotesPayableFairValueDisclosure to label_NotesPayableFairValueDisclosure" xlink:to="label_NotesPayableFairValueDisclosure" xlink:type="arc"/>
    <label id="label_NotesPayableFairValueDisclosure_2" xlink:label="label_NotesPayableFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NotesPayableFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Senior and ship mortgage notes, net of discount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayableFairValueDisclosure" xlink:title="label: NotesPayableFairValueDisclosure to label_NotesPayableFairValueDisclosure" xlink:to="label_NotesPayableFairValueDisclosure_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesPayableRelatedPartiesNoncurrent" xlink:label="NotesPayableRelatedPartiesNoncurrent" xlink:title="NotesPayableRelatedPartiesNoncurrent" xlink:type="locator"/>
    <label id="label_NotesPayableRelatedPartiesNoncurrent_2" xlink:label="label_NotesPayableRelatedPartiesNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesPayableRelatedPartiesNoncurrent" xlink:type="resource" xml:lang="en-US">Notes Payable, Related Parties, Noncurrent</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayableRelatedPartiesNoncurrent" xlink:title="label: NotesPayableRelatedPartiesNoncurrent to label_NotesPayableRelatedPartiesNoncurrent" xlink:to="label_NotesPayableRelatedPartiesNoncurrent" xlink:type="arc"/>
    <label id="label_NotesPayableRelatedPartiesNoncurrent_3" xlink:label="label_NotesPayableRelatedPartiesNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotesPayableRelatedPartiesNoncurrent" xlink:type="resource" xml:lang="en-US">Loans payable to affiliate companies, net of current portion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayableRelatedPartiesNoncurrent" xlink:title="label: NotesPayableRelatedPartiesNoncurrent to label_NotesPayableRelatedPartiesNoncurrent" xlink:to="label_NotesPayableRelatedPartiesNoncurrent_2" xlink:type="arc"/>
    <label id="label_NotesPayableRelatedPartiesNoncurrent_4" xlink:label="label_NotesPayableRelatedPartiesNoncurrent_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NotesPayableRelatedPartiesNoncurrent" xlink:type="resource" xml:lang="en-US">Long-term payable to affiliate company</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayableRelatedPartiesNoncurrent" xlink:title="label: NotesPayableRelatedPartiesNoncurrent to label_NotesPayableRelatedPartiesNoncurrent" xlink:to="label_NotesPayableRelatedPartiesNoncurrent_3" xlink:type="arc"/>
    <label id="label_NotesPayableRelatedPartiesNoncurrent" xlink:label="label_NotesPayableRelatedPartiesNoncurrent_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_NotesPayableRelatedPartiesNoncurrent" xlink:type="resource" xml:lang="en-US">Loan payable to affiliate company - Book Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayableRelatedPartiesNoncurrent" xlink:title="label: NotesPayableRelatedPartiesNoncurrent to label_NotesPayableRelatedPartiesNoncurrent" xlink:to="label_NotesPayableRelatedPartiesNoncurrent_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesPayable" xlink:label="NotesPayable" xlink:title="NotesPayable" xlink:type="locator"/>
    <label id="label_NotesPayable" xlink:label="label_NotesPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesPayable" xlink:type="resource" xml:lang="en-US">Notes Payable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayable" xlink:title="label: NotesPayable to label_NotesPayable" xlink:to="label_NotesPayable" xlink:type="arc"/>
    <label id="label_NotesPayable_2" xlink:label="label_NotesPayable_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotesPayable" xlink:type="resource" xml:lang="en-US">Senior Notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayable" xlink:title="label: NotesPayable to label_NotesPayable" xlink:to="label_NotesPayable_2" xlink:type="arc"/>
    <label id="label_NotesPayable_3" xlink:label="label_NotesPayable_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NotesPayable" xlink:type="resource" xml:lang="en-US">Notes payable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayable" xlink:title="label: NotesPayable to label_NotesPayable" xlink:to="label_NotesPayable_3" xlink:type="arc"/>
    <label id="label_NotesPayable_4" xlink:label="label_NotesPayable_4" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_NotesPayable" xlink:type="resource" xml:lang="en-US">Amount outstanding</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayable" xlink:title="label: NotesPayable to label_NotesPayable" xlink:to="label_NotesPayable_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OffBalanceSheetCreditExposurePolicyPolicyTextBlock" xlink:label="OffBalanceSheetCreditExposurePolicyPolicyTextBlock" xlink:title="OffBalanceSheetCreditExposurePolicyPolicyTextBlock" xlink:type="locator"/>
    <label id="label_OffBalanceSheetCreditExposurePolicyPolicyTextBlock" xlink:label="label_OffBalanceSheetCreditExposurePolicyPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OffBalanceSheetCreditExposurePolicyPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Guarantees [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffBalanceSheetCreditExposurePolicyPolicyTextBlock" xlink:title="label: OffBalanceSheetCreditExposurePolicyPolicyTextBlock to label_OffBalanceSheetCreditExposurePolicyPolicyTextBlock" xlink:to="label_OffBalanceSheetCreditExposurePolicyPolicyTextBlock" xlink:type="arc"/>
    <label id="label_OffBalanceSheetCreditExposurePolicyPolicyTextBlock_2" xlink:label="label_OffBalanceSheetCreditExposurePolicyPolicyTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OffBalanceSheetCreditExposurePolicyPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Guarantees</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffBalanceSheetCreditExposurePolicyPolicyTextBlock" xlink:title="label: OffBalanceSheetCreditExposurePolicyPolicyTextBlock to label_OffBalanceSheetCreditExposurePolicyPolicyTextBlock" xlink:to="label_OffBalanceSheetCreditExposurePolicyPolicyTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OffMarketLeaseUnfavorable" xlink:label="OffMarketLeaseUnfavorable" xlink:title="OffMarketLeaseUnfavorable" xlink:type="locator"/>
    <label id="label_OffMarketLeaseUnfavorable_2" xlink:label="label_OffMarketLeaseUnfavorable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OffMarketLeaseUnfavorable" xlink:type="resource" xml:lang="en-US">Off-market Lease, Unfavorable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseUnfavorable" xlink:title="label: OffMarketLeaseUnfavorable to label_OffMarketLeaseUnfavorable" xlink:to="label_OffMarketLeaseUnfavorable" xlink:type="arc"/>
    <label id="label_OffMarketLeaseUnfavorable" xlink:label="label_OffMarketLeaseUnfavorable_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OffMarketLeaseUnfavorable" xlink:type="resource" xml:lang="en-US">Acquisition Cost</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseUnfavorable" xlink:title="label: OffMarketLeaseUnfavorable to label_OffMarketLeaseUnfavorable" xlink:to="label_OffMarketLeaseUnfavorable_2" xlink:type="arc"/>
    <label id="label_OffMarketLeaseUnfavorable_3" xlink:label="label_OffMarketLeaseUnfavorable_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OffMarketLeaseUnfavorable" xlink:type="resource" xml:lang="en-US">Acquisition Cost</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OffMarketLeaseUnfavorable" xlink:title="label: OffMarketLeaseUnfavorable to label_OffMarketLeaseUnfavorable" xlink:to="label_OffMarketLeaseUnfavorable_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeasedAssetsLineItems" xlink:label="OperatingLeasedAssetsLineItems" xlink:title="OperatingLeasedAssetsLineItems" xlink:type="locator"/>
    <label id="label_OperatingLeasedAssetsLineItems" xlink:label="label_OperatingLeasedAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeasedAssetsLineItems" xlink:type="resource" xml:lang="en-US">Operating Leased Assets [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasedAssetsLineItems" xlink:title="label: OperatingLeasedAssetsLineItems to label_OperatingLeasedAssetsLineItems" xlink:to="label_OperatingLeasedAssetsLineItems" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:label="OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:title="OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:type="locator"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:label="label_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:type="resource" xml:lang="en-US">Operating Leases Future Minimum Payments Due Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:title="label: OperatingLeasesFutureMinimumPaymentsDueCurrent to label_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:to="label_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:type="arc"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsDueCurrent_2" xlink:label="label_OperatingLeasesFutureMinimumPaymentsDueCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:type="resource" xml:lang="en-US">2019</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:title="label: OperatingLeasesFutureMinimumPaymentsDueCurrent to label_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:to="label_OperatingLeasesFutureMinimumPaymentsDueCurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:label="OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:title="OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:type="locator"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:label="label_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:type="resource" xml:lang="en-US">Operating Leases Future Minimum Payments Due In Five Years</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:title="label: OperatingLeasesFutureMinimumPaymentsDueInFiveYears to label_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:to="label_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:type="arc"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_2" xlink:label="label_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:type="resource" xml:lang="en-US">2023</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:title="label: OperatingLeasesFutureMinimumPaymentsDueInFiveYears to label_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:to="label_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:label="OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:title="OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:type="locator"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:label="label_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:type="resource" xml:lang="en-US">Operating Leases Future Minimum Payments Due In Four Years</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:title="label: OperatingLeasesFutureMinimumPaymentsDueInFourYears to label_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:to="label_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:type="arc"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsDueInFourYears_2" xlink:label="label_OperatingLeasesFutureMinimumPaymentsDueInFourYears_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:type="resource" xml:lang="en-US">2022</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:title="label: OperatingLeasesFutureMinimumPaymentsDueInFourYears to label_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:to="label_OperatingLeasesFutureMinimumPaymentsDueInFourYears_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree" xlink:label="OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree" xlink:title="OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree" xlink:type="locator"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree" xlink:label="label_OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree" xlink:type="resource" xml:lang="en-US">OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree" xlink:title="label: OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree to label_OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree" xlink:to="label_OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree" xlink:type="arc"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree_2" xlink:label="label_OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree" xlink:type="resource" xml:lang="en-US">2016</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree" xlink:title="label: OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree to label_OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree" xlink:to="label_OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:label="OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:title="OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:type="locator"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:label="label_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:type="resource" xml:lang="en-US">Operating Leases Future Minimum Payments Due In Three Years</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:title="label: OperatingLeasesFutureMinimumPaymentsDueInThreeYears to label_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:to="label_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:type="arc"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_2" xlink:label="label_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:type="resource" xml:lang="en-US">2021</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:title="label: OperatingLeasesFutureMinimumPaymentsDueInThreeYears to label_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:to="label_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:label="OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:title="OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:type="locator"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:label="label_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:type="resource" xml:lang="en-US">Operating Leases Future Minimum Payments Due In Two Years</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:title="label: OperatingLeasesFutureMinimumPaymentsDueInTwoYears to label_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:to="label_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:type="arc"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_2" xlink:label="label_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:type="resource" xml:lang="en-US">2020</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:title="label: OperatingLeasesFutureMinimumPaymentsDueInTwoYears to label_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:to="label_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:label="OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:title="OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:type="locator"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:label="label_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:type="resource" xml:lang="en-US">Operating Leases Future Minimum Payments Due Thereafter</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:title="label: OperatingLeasesFutureMinimumPaymentsDueThereafter to label_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:to="label_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:type="arc"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsDueThereafter_2" xlink:label="label_OperatingLeasesFutureMinimumPaymentsDueThereafter_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:type="resource" xml:lang="en-US">2024 and thereafter</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:label="OperatingLeasesFutureMinimumPaymentsDue" xlink:title="OperatingLeasesFutureMinimumPaymentsDue" xlink:type="locator"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsDue" xlink:label="label_OperatingLeasesFutureMinimumPaymentsDue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeasesFutureMinimumPaymentsDue" xlink:type="resource" xml:lang="en-US">Operating Leases Future Minimum Payments Due</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsDue" xlink:title="label: OperatingLeasesFutureMinimumPaymentsDue to label_OperatingLeasesFutureMinimumPaymentsDue" xlink:to="label_OperatingLeasesFutureMinimumPaymentsDue" xlink:type="arc"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsDue_2" xlink:label="label_OperatingLeasesFutureMinimumPaymentsDue_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_OperatingLeasesFutureMinimumPaymentsDue" xlink:type="resource" xml:lang="en-US">Total</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsDue" xlink:title="label: OperatingLeasesFutureMinimumPaymentsDue to label_OperatingLeasesFutureMinimumPaymentsDue" xlink:to="label_OperatingLeasesFutureMinimumPaymentsDue_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:label="OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:title="OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:type="locator"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:label="label_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:type="resource" xml:lang="en-US">Operating Leases Future Minimum Payments Receivable Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:title="label: OperatingLeasesFutureMinimumPaymentsReceivableCurrent to label_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:to="label_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:type="arc"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_2" xlink:label="label_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:type="resource" xml:lang="en-US">2021</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:title="label: OperatingLeasesFutureMinimumPaymentsReceivableCurrent to label_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:to="label_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:label="OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:title="OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:type="locator"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:label="label_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:type="resource" xml:lang="en-US">Operating Leases Future Minimum Payments Receivable In Five Years</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:title="label: OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears to label_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:to="label_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:type="arc"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_2" xlink:label="label_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:type="resource" xml:lang="en-US">2025</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:label="OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:title="OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:type="locator"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:label="label_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:type="resource" xml:lang="en-US">Operating Leases Future Minimum Payments Receivable In Four Years</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:title="label: OperatingLeasesFutureMinimumPaymentsReceivableInFourYears to label_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:to="label_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:type="arc"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_2" xlink:label="label_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:type="resource" xml:lang="en-US">2024</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:title="label: OperatingLeasesFutureMinimumPaymentsReceivableInFourYears to label_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:to="label_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:label="OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:title="OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:type="locator"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:label="label_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:type="resource" xml:lang="en-US">Operating Leases Future Minimum Payments Receivable In Three Years</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:title="label: OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears to label_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:to="label_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:type="arc"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_2" xlink:label="label_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:type="resource" xml:lang="en-US">2023</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:title="label: OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears to label_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:to="label_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:label="OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:title="OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:type="locator"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:label="label_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:type="resource" xml:lang="en-US">Operating Leases Future Minimum Payments Receivable In Two Years</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:title="label: OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears to label_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:to="label_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:type="arc"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_2" xlink:label="label_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:type="resource" xml:lang="en-US">2022</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:label="OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:title="OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:type="locator"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:label="label_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:type="resource" xml:lang="en-US">Operating Leases Future Minimum Payments Receivable Thereafter</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:title="label: OperatingLeasesFutureMinimumPaymentsReceivableThereafter to label_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:to="label_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:type="arc"/>
    <label id="label_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_2" xlink:label="label_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:type="resource" xml:lang="en-US">2026 and thereafter</label>
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    <label id="label_OperatingLeasesFutureMinimumPaymentsReceivable" xlink:label="label_OperatingLeasesFutureMinimumPaymentsReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeasesFutureMinimumPaymentsReceivable" xlink:type="resource" xml:lang="en-US">Operating Leases Future Minimum Payments Receivable</label>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeLossNetOfTax" xlink:title="label: OtherComprehensiveIncomeLossNetOfTax to label_OtherComprehensiveIncomeLossNetOfTax" xlink:to="label_OtherComprehensiveIncomeLossNetOfTax_6" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:label="OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:title="OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:type="locator"/>
    <label id="label_OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:label="label_OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:type="resource" xml:lang="en-US">Other Employee Related Liabilities Current And Noncurrent</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:title="label: OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent to label_OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:to="label_OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:type="arc"/>
    <label id="label_OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent_2" xlink:label="label_OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:type="resource" xml:lang="en-US">Termination of indemnities liability</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:title="label: OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent to label_OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:to="label_OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherExpenseMember" xlink:label="OtherExpenseMember" xlink:title="OtherExpenseMember" xlink:type="locator"/>
    <label id="label_OtherExpenseMember" xlink:label="label_OtherExpenseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherExpenseMember" xlink:type="resource" xml:lang="en-US">Other Expense [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExpenseMember" xlink:title="label: OtherExpenseMember to label_OtherExpenseMember" xlink:to="label_OtherExpenseMember" xlink:type="arc"/>
    <label id="label_OtherExpenseMember_2" xlink:label="label_OtherExpenseMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherExpenseMember" xlink:type="resource" xml:lang="en-US">Other expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExpenseMember" xlink:title="label: OtherExpenseMember to label_OtherExpenseMember" xlink:to="label_OtherExpenseMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherExpenses" xlink:label="OtherExpenses" xlink:title="OtherExpenses" xlink:type="locator"/>
    <label id="label_OtherExpenses_2" xlink:label="label_OtherExpenses_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherExpenses" xlink:type="resource" xml:lang="en-US">Other Expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExpenses" xlink:title="label: OtherExpenses to label_OtherExpenses" xlink:to="label_OtherExpenses_2" xlink:type="arc"/>
    <label id="label_OtherExpenses_3" xlink:label="label_OtherExpenses_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherExpenses" xlink:type="resource" xml:lang="en-US">Fair value of the claim, recorded as ''Other expense''</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExpenses" xlink:title="label: OtherExpenses to label_OtherExpenses" xlink:to="label_OtherExpenses_3" xlink:type="arc"/>
    <label id="label_OtherExpenses_4" xlink:label="label_OtherExpenses_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OtherExpenses" xlink:type="resource" xml:lang="en-US">Other expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExpenses" xlink:title="label: OtherExpenses to label_OtherExpenses" xlink:to="label_OtherExpenses_4" xlink:type="arc"/>
    <label id="label_OtherExpenses" xlink:label="label_OtherExpenses" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherExpenses" xlink:type="resource" xml:lang="en-US">Other expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExpenses" xlink:title="label: OtherExpenses to label_OtherExpenses" xlink:to="label_OtherExpenses" xlink:type="arc"/>
    <label id="label_OtherExpenses_5" xlink:label="label_OtherExpenses_5" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_OtherExpenses" xlink:type="resource" xml:lang="en-US">Other expense, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExpenses" xlink:title="label: OtherExpenses to label_OtherExpenses" xlink:to="label_OtherExpenses_5" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherGeneralAndAdministrativeExpense" xlink:label="OtherGeneralAndAdministrativeExpense" xlink:title="OtherGeneralAndAdministrativeExpense" xlink:type="locator"/>
    <label id="label_OtherGeneralAndAdministrativeExpense" xlink:label="label_OtherGeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherGeneralAndAdministrativeExpense" xlink:type="resource" xml:lang="en-US">Other General And Administrative Expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherGeneralAndAdministrativeExpense" xlink:title="label: OtherGeneralAndAdministrativeExpense to label_OtherGeneralAndAdministrativeExpense" xlink:to="label_OtherGeneralAndAdministrativeExpense" xlink:type="arc"/>
    <label id="label_OtherGeneralAndAdministrativeExpense_2" xlink:label="label_OtherGeneralAndAdministrativeExpense_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OtherGeneralAndAdministrativeExpense" xlink:type="resource" xml:lang="en-US">General and administrative expenses incurred on behalf of affiliates</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherGeneralAndAdministrativeExpense" xlink:title="label: OtherGeneralAndAdministrativeExpense to label_OtherGeneralAndAdministrativeExpense" xlink:to="label_OtherGeneralAndAdministrativeExpense_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncomeAndExpensesAbstract" xlink:label="OtherIncomeAndExpensesAbstract" xlink:title="OtherIncomeAndExpensesAbstract" xlink:type="locator"/>
    <label id="label_OtherIncomeAndExpensesAbstract" xlink:label="label_OtherIncomeAndExpensesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherIncomeAndExpensesAbstract" xlink:type="resource" xml:lang="en-US">OTHER INCOME-OTHER EXPENSE [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIncomeAndExpensesAbstract" xlink:title="label: OtherIncomeAndExpensesAbstract to label_OtherIncomeAndExpensesAbstract" xlink:to="label_OtherIncomeAndExpensesAbstract" xlink:type="arc"/>
    <label id="label_OtherIncomeAndExpensesAbstract_2" xlink:label="label_OtherIncomeAndExpensesAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherIncomeAndExpensesAbstract" xlink:type="resource" xml:lang="en-US">OTHER INCOME-OTHER EXPENSE</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIncomeAndExpensesAbstract" xlink:title="label: OtherIncomeAndExpensesAbstract to label_OtherIncomeAndExpensesAbstract" xlink:to="label_OtherIncomeAndExpensesAbstract_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:label="OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:title="OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:type="locator"/>
    <label id="label_OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:label="label_OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">Other Income And Other Expense Disclosure [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:title="label: OtherIncomeAndOtherExpenseDisclosureTextBlock to label_OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:to="label_OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:type="arc"/>
    <label id="label_OtherIncomeAndOtherExpenseDisclosureTextBlock_2" xlink:label="label_OtherIncomeAndOtherExpenseDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">OTHER INCOME - OTHER EXPENSE</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:title="label: OtherIncomeAndOtherExpenseDisclosureTextBlock to label_OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:to="label_OtherIncomeAndOtherExpenseDisclosureTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncomeMember" xlink:label="OtherIncomeMember" xlink:title="OtherIncomeMember" xlink:type="locator"/>
    <label id="label_OtherIncomeMember" xlink:label="label_OtherIncomeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherIncomeMember" xlink:type="resource" xml:lang="en-US">Other Income [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIncomeMember" xlink:title="label: OtherIncomeMember to label_OtherIncomeMember" xlink:to="label_OtherIncomeMember" xlink:type="arc"/>
    <label id="label_OtherIncomeMember_2" xlink:label="label_OtherIncomeMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherIncomeMember" xlink:type="resource" xml:lang="en-US">Other income</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIncomeMember" xlink:title="label: OtherIncomeMember to label_OtherIncomeMember" xlink:to="label_OtherIncomeMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherLiabilitiesCurrent" xlink:label="OtherLiabilitiesCurrent" xlink:title="OtherLiabilitiesCurrent" xlink:type="locator"/>
    <label id="label_OtherLiabilitiesCurrent" xlink:label="label_OtherLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherLiabilitiesCurrent" xlink:type="resource" xml:lang="en-US">Other Liabilities Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLiabilitiesCurrent" xlink:title="label: OtherLiabilitiesCurrent to label_OtherLiabilitiesCurrent" xlink:to="label_OtherLiabilitiesCurrent" xlink:type="arc"/>
    <label id="label_OtherLiabilitiesCurrent_2" xlink:label="label_OtherLiabilitiesCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherLiabilitiesCurrent" xlink:type="resource" xml:lang="en-US">Other liability</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLiabilitiesCurrent" xlink:title="label: OtherLiabilitiesCurrent to label_OtherLiabilitiesCurrent" xlink:to="label_OtherLiabilitiesCurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherLoansPayableLongTerm" xlink:label="OtherLoansPayableLongTerm" xlink:title="OtherLoansPayableLongTerm" xlink:type="locator"/>
    <label id="label_OtherLoansPayableLongTerm" xlink:label="label_OtherLoansPayableLongTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherLoansPayableLongTerm" xlink:type="resource" xml:lang="en-US">Other Loans Payable Long Term</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLoansPayableLongTerm" xlink:title="label: OtherLoansPayableLongTerm to label_OtherLoansPayableLongTerm" xlink:to="label_OtherLoansPayableLongTerm" xlink:type="arc"/>
    <label id="label_OtherLoansPayableLongTerm_2" xlink:label="label_OtherLoansPayableLongTerm_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherLoansPayableLongTerm" xlink:type="resource" xml:lang="en-US">Other long-term loans</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLoansPayableLongTerm" xlink:title="label: OtherLoansPayableLongTerm to label_OtherLoansPayableLongTerm" xlink:to="label_OtherLoansPayableLongTerm_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherNoncashIncome" xlink:label="OtherNoncashIncome" xlink:title="OtherNoncashIncome" xlink:type="locator"/>
    <label id="label_OtherNoncashIncome" xlink:label="label_OtherNoncashIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNoncashIncome" xlink:type="resource" xml:lang="en-US">Compensation income</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncashIncome" xlink:title="label: OtherNoncashIncome to label_OtherNoncashIncome" xlink:to="label_OtherNoncashIncome" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherNoncurrentAssetsMember" xlink:label="OtherNoncurrentAssetsMember" xlink:title="OtherNoncurrentAssetsMember" xlink:type="locator"/>
    <label id="label_OtherNoncurrentAssetsMember" xlink:label="label_OtherNoncurrentAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNoncurrentAssetsMember" xlink:type="resource" xml:lang="en-US">Other Noncurrent Assets Member</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentAssetsMember" xlink:title="label: OtherNoncurrentAssetsMember to label_OtherNoncurrentAssetsMember" xlink:to="label_OtherNoncurrentAssetsMember" xlink:type="arc"/>
    <label id="label_OtherNoncurrentAssetsMember_2" xlink:label="label_OtherNoncurrentAssetsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherNoncurrentAssetsMember" xlink:type="resource" xml:lang="en-US">Other fixed assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentAssetsMember" xlink:title="label: OtherNoncurrentAssetsMember to label_OtherNoncurrentAssetsMember" xlink:to="label_OtherNoncurrentAssetsMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpense" xlink:label="OtherNonoperatingIncomeExpense" xlink:title="OtherNonoperatingIncomeExpense" xlink:type="locator"/>
    <label id="label_OtherNonoperatingIncomeExpense" xlink:label="label_OtherNonoperatingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNonoperatingIncomeExpense" xlink:type="resource" xml:lang="en-US">Other Nonoperating Income Expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNonoperatingIncomeExpense" xlink:title="label: OtherNonoperatingIncomeExpense to label_OtherNonoperatingIncomeExpense" xlink:to="label_OtherNonoperatingIncomeExpense" xlink:type="arc"/>
    <label id="label_OtherNonoperatingIncomeExpense_2" xlink:label="label_OtherNonoperatingIncomeExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherNonoperatingIncomeExpense" xlink:type="resource" xml:lang="en-US">Other (expense)/income, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNonoperatingIncomeExpense" xlink:title="label: OtherNonoperatingIncomeExpense to label_OtherNonoperatingIncomeExpense" xlink:to="label_OtherNonoperatingIncomeExpense_2" xlink:type="arc"/>
    <label id="label_OtherNonoperatingIncomeExpense_3" xlink:label="label_OtherNonoperatingIncomeExpense_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherNonoperatingIncomeExpense" xlink:type="resource" xml:lang="en-US">Other income/ (expense), net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNonoperatingIncomeExpense" xlink:title="label: OtherNonoperatingIncomeExpense to label_OtherNonoperatingIncomeExpense" xlink:to="label_OtherNonoperatingIncomeExpense_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherOperatingIncomeExpenseNet" xlink:label="OtherOperatingIncomeExpenseNet" xlink:title="OtherOperatingIncomeExpenseNet" xlink:type="locator"/>
    <label id="label_OtherOperatingIncomeExpenseNet_2" xlink:label="label_OtherOperatingIncomeExpenseNet" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_OtherOperatingIncomeExpenseNet" xlink:type="resource" xml:lang="en-US">Other income/ (expense), net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeExpenseNet" xlink:title="label: OtherOperatingIncomeExpenseNet to label_OtherOperatingIncomeExpenseNet" xlink:to="label_OtherOperatingIncomeExpenseNet" xlink:type="arc"/>
    <label id="label_OtherOperatingIncomeExpenseNet_3" xlink:label="label_OtherOperatingIncomeExpenseNet_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherOperatingIncomeExpenseNet" xlink:type="resource" xml:lang="en-US">Other Operating Income Expense Net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeExpenseNet" xlink:title="label: OtherOperatingIncomeExpenseNet to label_OtherOperatingIncomeExpenseNet" xlink:to="label_OtherOperatingIncomeExpenseNet_2" xlink:type="arc"/>
    <label id="label_OtherOperatingIncomeExpenseNet_4" xlink:label="label_OtherOperatingIncomeExpenseNet_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherOperatingIncomeExpenseNet" xlink:type="resource" xml:lang="en-US">Other (expense)/income, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeExpenseNet" xlink:title="label: OtherOperatingIncomeExpenseNet to label_OtherOperatingIncomeExpenseNet" xlink:to="label_OtherOperatingIncomeExpenseNet_3" xlink:type="arc"/>
    <label id="label_OtherOperatingIncomeExpenseNet" xlink:label="label_OtherOperatingIncomeExpenseNet_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherOperatingIncomeExpenseNet" xlink:type="resource" xml:lang="en-US">Other expense, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeExpenseNet" xlink:title="label: OtherOperatingIncomeExpenseNet to label_OtherOperatingIncomeExpenseNet" xlink:to="label_OtherOperatingIncomeExpenseNet_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherPaymentsToAcquireBusinesses" xlink:label="OtherPaymentsToAcquireBusinesses" xlink:title="OtherPaymentsToAcquireBusinesses" xlink:type="locator"/>
    <label id="label_OtherPaymentsToAcquireBusinesses" xlink:label="label_OtherPaymentsToAcquireBusinesses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherPaymentsToAcquireBusinesses" xlink:type="resource" xml:lang="en-US">Deposits in escrow in connection with acquisition of subsidiary</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPaymentsToAcquireBusinesses" xlink:title="label: OtherPaymentsToAcquireBusinesses to label_OtherPaymentsToAcquireBusinesses" xlink:to="label_OtherPaymentsToAcquireBusinesses" xlink:type="arc"/>
    <label id="label_OtherPaymentsToAcquireBusinesses_2" xlink:label="label_OtherPaymentsToAcquireBusinesses_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OtherPaymentsToAcquireBusinesses" xlink:type="resource" xml:lang="en-US">Deposits in escrow in connection with acquisition of subsidiary</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPaymentsToAcquireBusinesses" xlink:title="label: OtherPaymentsToAcquireBusinesses to label_OtherPaymentsToAcquireBusinesses" xlink:to="label_OtherPaymentsToAcquireBusinesses_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherPrepaidExpenseCurrent" xlink:label="OtherPrepaidExpenseCurrent" xlink:title="OtherPrepaidExpenseCurrent" xlink:type="locator"/>
    <label id="label_OtherPrepaidExpenseCurrent" xlink:label="label_OtherPrepaidExpenseCurrent" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_OtherPrepaidExpenseCurrent" xlink:type="resource" xml:lang="en-US">Prepaid voyage and operating costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPrepaidExpenseCurrent" xlink:title="label: OtherPrepaidExpenseCurrent to label_OtherPrepaidExpenseCurrent" xlink:to="label_OtherPrepaidExpenseCurrent" xlink:type="arc"/>
    <label id="label_OtherPrepaidExpenseCurrent_2" xlink:label="label_OtherPrepaidExpenseCurrent_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherPrepaidExpenseCurrent" xlink:type="resource" xml:lang="en-US">Other Prepaid Expense Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPrepaidExpenseCurrent" xlink:title="label: OtherPrepaidExpenseCurrent to label_OtherPrepaidExpenseCurrent" xlink:to="label_OtherPrepaidExpenseCurrent_2" xlink:type="arc"/>
    <label id="label_OtherPrepaidExpenseCurrent_3" xlink:label="label_OtherPrepaidExpenseCurrent_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherPrepaidExpenseCurrent" xlink:type="resource" xml:lang="en-US">Prepaid voyage costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPrepaidExpenseCurrent" xlink:title="label: OtherPrepaidExpenseCurrent to label_OtherPrepaidExpenseCurrent" xlink:to="label_OtherPrepaidExpenseCurrent_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherReceivablesNetCurrent" xlink:label="OtherReceivablesNetCurrent" xlink:title="OtherReceivablesNetCurrent" xlink:type="locator"/>
    <label id="label_OtherReceivablesNetCurrent" xlink:label="label_OtherReceivablesNetCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherReceivablesNetCurrent" xlink:type="resource" xml:lang="en-US">Other Receivables Net Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReceivablesNetCurrent" xlink:title="label: OtherReceivablesNetCurrent to label_OtherReceivablesNetCurrent" xlink:to="label_OtherReceivablesNetCurrent" xlink:type="arc"/>
    <label id="label_OtherReceivablesNetCurrent_2" xlink:label="label_OtherReceivablesNetCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherReceivablesNetCurrent" xlink:type="resource" xml:lang="en-US">Intercompany receivables</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReceivablesNetCurrent" xlink:title="label: OtherReceivablesNetCurrent to label_OtherReceivablesNetCurrent" xlink:to="label_OtherReceivablesNetCurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherReceivables" xlink:label="OtherReceivables" xlink:title="OtherReceivables" xlink:type="locator"/>
    <label id="label_OtherReceivables" xlink:label="label_OtherReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherReceivables" xlink:type="resource" xml:lang="en-US">Other Receivables</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReceivables" xlink:title="label: OtherReceivables to label_OtherReceivables" xlink:to="label_OtherReceivables" xlink:type="arc"/>
    <label id="label_OtherReceivables_2" xlink:label="label_OtherReceivables_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherReceivables" xlink:type="resource" xml:lang="en-US">Other</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReceivables" xlink:title="label: OtherReceivables to label_OtherReceivables" xlink:to="label_OtherReceivables_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationReceived1" xlink:label="OtherSignificantNoncashTransactionValueOfConsiderationReceived1" xlink:title="OtherSignificantNoncashTransactionValueOfConsiderationReceived1" xlink:type="locator"/>
    <label id="label_OtherSignificantNoncashTransactionValueOfConsiderationReceived1_2" xlink:label="label_OtherSignificantNoncashTransactionValueOfConsiderationReceived1_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherSignificantNoncashTransactionValueOfConsiderationReceived1" xlink:type="resource" xml:lang="en-US">Other Significant Noncash Transaction Value Of Consideration Received1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherSignificantNoncashTransactionValueOfConsiderationReceived1" xlink:title="label: OtherSignificantNoncashTransactionValueOfConsiderationReceived1 to label_OtherSignificantNoncashTransactionValueOfConsiderationReceived1" xlink:to="label_OtherSignificantNoncashTransactionValueOfConsiderationReceived1_2" xlink:type="arc"/>
    <label id="label_OtherSignificantNoncashTransactionValueOfConsiderationReceived1_3" xlink:label="label_OtherSignificantNoncashTransactionValueOfConsiderationReceived1_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherSignificantNoncashTransactionValueOfConsiderationReceived1" xlink:type="resource" xml:lang="en-US">Value of common units exchanged for sale of vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherSignificantNoncashTransactionValueOfConsiderationReceived1" xlink:title="label: OtherSignificantNoncashTransactionValueOfConsiderationReceived1 to label_OtherSignificantNoncashTransactionValueOfConsiderationReceived1" xlink:to="label_OtherSignificantNoncashTransactionValueOfConsiderationReceived1_3" xlink:type="arc"/>
    <label id="label_OtherSignificantNoncashTransactionValueOfConsiderationReceived1" xlink:label="label_OtherSignificantNoncashTransactionValueOfConsiderationReceived1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherSignificantNoncashTransactionValueOfConsiderationReceived1" xlink:type="resource" xml:lang="en-US">Consideration received</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherSignificantNoncashTransactionValueOfConsiderationReceived1" xlink:title="label: OtherSignificantNoncashTransactionValueOfConsiderationReceived1 to label_OtherSignificantNoncashTransactionValueOfConsiderationReceived1" xlink:to="label_OtherSignificantNoncashTransactionValueOfConsiderationReceived1" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ParentMember" xlink:label="ParentMember" xlink:title="ParentMember" xlink:type="locator"/>
    <label id="label_ParentMember" xlink:label="label_ParentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ParentMember" xlink:type="resource" xml:lang="en-US">Parent [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ParentMember" xlink:title="label: ParentMember to label_ParentMember" xlink:to="label_ParentMember" xlink:type="arc"/>
    <label id="label_ParentMember_2" xlink:label="label_ParentMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ParentMember" xlink:type="resource" xml:lang="en-US">Total Navios Holdings' Stockholders' (Deficit)/Equity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ParentMember" xlink:title="label: ParentMember to label_ParentMember" xlink:to="label_ParentMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ParticipatingMortgageLoansMortgageObligationsAmount" xlink:label="ParticipatingMortgageLoansMortgageObligationsAmount" xlink:title="ParticipatingMortgageLoansMortgageObligationsAmount" xlink:type="locator"/>
    <label id="label_ParticipatingMortgageLoansMortgageObligationsAmount" xlink:label="label_ParticipatingMortgageLoansMortgageObligationsAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ParticipatingMortgageLoansMortgageObligationsAmount" xlink:type="resource" xml:lang="en-US">Participating Mortgage Loans Mortgage Obligations Amount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ParticipatingMortgageLoansMortgageObligationsAmount" xlink:title="label: ParticipatingMortgageLoansMortgageObligationsAmount to label_ParticipatingMortgageLoansMortgageObligationsAmount" xlink:to="label_ParticipatingMortgageLoansMortgageObligationsAmount" xlink:type="arc"/>
    <label id="label_ParticipatingMortgageLoansMortgageObligationsAmount_2" xlink:label="label_ParticipatingMortgageLoansMortgageObligationsAmount_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ParticipatingMortgageLoansMortgageObligationsAmount" xlink:type="resource" xml:lang="en-US">Notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ParticipatingMortgageLoansMortgageObligationsAmount" xlink:title="label: ParticipatingMortgageLoansMortgageObligationsAmount to label_ParticipatingMortgageLoansMortgageObligationsAmount" xlink:to="label_ParticipatingMortgageLoansMortgageObligationsAmount_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PartnerTypeOfPartnersCapitalAccountAxis" xlink:label="PartnerTypeOfPartnersCapitalAccountAxis" xlink:title="PartnerTypeOfPartnersCapitalAccountAxis" xlink:type="locator"/>
    <label id="label_PartnerTypeOfPartnersCapitalAccountAxis" xlink:label="label_PartnerTypeOfPartnersCapitalAccountAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PartnerTypeOfPartnersCapitalAccountAxis" xlink:type="resource" xml:lang="en-US">Partner Type Of Partners Capital Account [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PartnerTypeOfPartnersCapitalAccountAxis" xlink:title="label: PartnerTypeOfPartnersCapitalAccountAxis to label_PartnerTypeOfPartnersCapitalAccountAxis" xlink:to="label_PartnerTypeOfPartnersCapitalAccountAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain" xlink:label="PartnerTypeOfPartnersCapitalAccountNameDomain" xlink:title="PartnerTypeOfPartnersCapitalAccountNameDomain" xlink:type="locator"/>
    <label id="label_PartnerTypeOfPartnersCapitalAccountNameDomain" xlink:label="label_PartnerTypeOfPartnersCapitalAccountNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PartnerTypeOfPartnersCapitalAccountNameDomain" xlink:type="resource" xml:lang="en-US">Partner Type Of Partners Capital Account Name [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PartnerTypeOfPartnersCapitalAccountNameDomain" xlink:title="label: PartnerTypeOfPartnersCapitalAccountNameDomain to label_PartnerTypeOfPartnersCapitalAccountNameDomain" xlink:to="label_PartnerTypeOfPartnersCapitalAccountNameDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PartnersCapitalAccountUnitsAcquisitions" xlink:label="PartnersCapitalAccountUnitsAcquisitions" xlink:title="PartnersCapitalAccountUnitsAcquisitions" xlink:type="locator"/>
    <label id="label_PartnersCapitalAccountUnitsAcquisitions" xlink:label="label_PartnersCapitalAccountUnitsAcquisitions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PartnersCapitalAccountUnitsAcquisitions" xlink:type="resource" xml:lang="en-US">Partners capital account units acquisitions</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PartnersCapitalAccountUnitsAcquisitions" xlink:title="label: PartnersCapitalAccountUnitsAcquisitions to label_PartnersCapitalAccountUnitsAcquisitions" xlink:to="label_PartnersCapitalAccountUnitsAcquisitions" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PartnersCapitalAccountUnitsConverted" xlink:label="PartnersCapitalAccountUnitsConverted" xlink:title="PartnersCapitalAccountUnitsConverted" xlink:type="locator"/>
    <label id="label_PartnersCapitalAccountUnitsConverted" xlink:label="label_PartnersCapitalAccountUnitsConverted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PartnersCapitalAccountUnitsConverted" xlink:type="resource" xml:lang="en-US">Partners Capital Account Units Converted</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PartnersCapitalAccountUnitsConverted" xlink:title="label: PartnersCapitalAccountUnitsConverted to label_PartnersCapitalAccountUnitsConverted" xlink:to="label_PartnersCapitalAccountUnitsConverted" xlink:type="arc"/>
    <label id="label_PartnersCapitalAccountUnitsConverted_2" xlink:label="label_PartnersCapitalAccountUnitsConverted_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PartnersCapitalAccountUnitsConverted" xlink:type="resource" xml:lang="en-US">Number of common units after the conversion of subordinated</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PartnersCapitalAccountUnitsConverted" xlink:title="label: PartnersCapitalAccountUnitsConverted to label_PartnersCapitalAccountUnitsConverted" xlink:to="label_PartnersCapitalAccountUnitsConverted_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PartnersCapitalAccountUnitsSoldInPrivatePlacement" xlink:label="PartnersCapitalAccountUnitsSoldInPrivatePlacement" xlink:title="PartnersCapitalAccountUnitsSoldInPrivatePlacement" xlink:type="locator"/>
    <label id="label_PartnersCapitalAccountUnitsSoldInPrivatePlacement" xlink:label="label_PartnersCapitalAccountUnitsSoldInPrivatePlacement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PartnersCapitalAccountUnitsSoldInPrivatePlacement" xlink:type="resource" xml:lang="en-US">Partners' Capital Account, Units, Sold in Private Placement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PartnersCapitalAccountUnitsSoldInPrivatePlacement" xlink:title="label: PartnersCapitalAccountUnitsSoldInPrivatePlacement to label_PartnersCapitalAccountUnitsSoldInPrivatePlacement" xlink:to="label_PartnersCapitalAccountUnitsSoldInPrivatePlacement" xlink:type="arc"/>
    <label id="label_PartnersCapitalAccountUnitsSoldInPrivatePlacement_2" xlink:label="label_PartnersCapitalAccountUnitsSoldInPrivatePlacement_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PartnersCapitalAccountUnitsSoldInPrivatePlacement" xlink:type="resource" xml:lang="en-US">Private placement of units to directors and/or officers</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PartnersCapitalAccountUnitsSoldInPrivatePlacement" xlink:title="label: PartnersCapitalAccountUnitsSoldInPrivatePlacement to label_PartnersCapitalAccountUnitsSoldInPrivatePlacement" xlink:to="label_PartnersCapitalAccountUnitsSoldInPrivatePlacement_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PartnersCapitalAccountUnitsSoldInPublicOffering" xlink:label="PartnersCapitalAccountUnitsSoldInPublicOffering" xlink:title="PartnersCapitalAccountUnitsSoldInPublicOffering" xlink:type="locator"/>
    <label id="label_PartnersCapitalAccountUnitsSoldInPublicOffering" xlink:label="label_PartnersCapitalAccountUnitsSoldInPublicOffering" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PartnersCapitalAccountUnitsSoldInPublicOffering" xlink:type="resource" xml:lang="en-US">Partners Capital Account Units Sold In Public Offering</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PartnersCapitalAccountUnitsSoldInPublicOffering" xlink:title="label: PartnersCapitalAccountUnitsSoldInPublicOffering to label_PartnersCapitalAccountUnitsSoldInPublicOffering" xlink:to="label_PartnersCapitalAccountUnitsSoldInPublicOffering" xlink:type="arc"/>
    <label id="label_PartnersCapitalAccountUnitsSoldInPublicOffering_2" xlink:label="label_PartnersCapitalAccountUnitsSoldInPublicOffering_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PartnersCapitalAccountUnitsSoldInPublicOffering" xlink:type="resource" xml:lang="en-US">Common Units issued in public offering</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PartnersCapitalAccountUnitsSoldInPublicOffering" xlink:title="label: PartnersCapitalAccountUnitsSoldInPublicOffering to label_PartnersCapitalAccountUnitsSoldInPublicOffering" xlink:to="label_PartnersCapitalAccountUnitsSoldInPublicOffering_2" xlink:type="arc"/>
    <label id="label_PartnersCapitalAccountUnitsSoldInPublicOffering_3" xlink:label="label_PartnersCapitalAccountUnitsSoldInPublicOffering_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PartnersCapitalAccountUnitsSoldInPublicOffering" xlink:type="resource" xml:lang="en-US">Common units sold</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PartnersCapitalAccountUnitsSoldInPublicOffering" xlink:title="label: PartnersCapitalAccountUnitsSoldInPublicOffering to label_PartnersCapitalAccountUnitsSoldInPublicOffering" xlink:to="label_PartnersCapitalAccountUnitsSoldInPublicOffering_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PartnersCapitalAccountUnits" xlink:label="PartnersCapitalAccountUnits" xlink:title="PartnersCapitalAccountUnits" xlink:type="locator"/>
    <label id="label_PartnersCapitalAccountUnits" xlink:label="label_PartnersCapitalAccountUnits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PartnersCapitalAccountUnits" xlink:type="resource" xml:lang="en-US">Partners' Capital Account, Units</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PartnersCapitalAccountUnits" xlink:title="label: PartnersCapitalAccountUnits to label_PartnersCapitalAccountUnits" xlink:to="label_PartnersCapitalAccountUnits" xlink:type="arc"/>
    <label id="label_PartnersCapitalAccountUnits_2" xlink:label="label_PartnersCapitalAccountUnits_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PartnersCapitalAccountUnits" xlink:type="resource" xml:lang="en-US">Number of units pledged as collateral</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PartnersCapitalAccountUnits" xlink:title="label: PartnersCapitalAccountUnits to label_PartnersCapitalAccountUnits" xlink:to="label_PartnersCapitalAccountUnits_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PayablesAndAccrualsAbstract" xlink:label="PayablesAndAccrualsAbstract" xlink:title="PayablesAndAccrualsAbstract" xlink:type="locator"/>
    <label id="label_PayablesAndAccrualsAbstract" xlink:label="label_PayablesAndAccrualsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PayablesAndAccrualsAbstract" xlink:type="resource" xml:lang="en-US">ACCRUED EXPENSES AND OTHER LIABILITIES [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PayablesAndAccrualsAbstract" xlink:title="label: PayablesAndAccrualsAbstract to label_PayablesAndAccrualsAbstract" xlink:to="label_PayablesAndAccrualsAbstract" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsForAdvanceToAffiliate" xlink:label="PaymentsForAdvanceToAffiliate" xlink:title="PaymentsForAdvanceToAffiliate" xlink:type="locator"/>
    <label id="label_PaymentsForAdvanceToAffiliate" xlink:label="label_PaymentsForAdvanceToAffiliate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsForAdvanceToAffiliate" xlink:type="resource" xml:lang="en-US">Loan proceeds to affiliate company</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForAdvanceToAffiliate" xlink:title="label: PaymentsForAdvanceToAffiliate to label_PaymentsForAdvanceToAffiliate" xlink:to="label_PaymentsForAdvanceToAffiliate" xlink:type="arc"/>
    <label id="label_PaymentsForAdvanceToAffiliate_2" xlink:label="label_PaymentsForAdvanceToAffiliate_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsForAdvanceToAffiliate" xlink:type="resource" xml:lang="en-US">Loan proceeds to affiliate company</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForAdvanceToAffiliate" xlink:title="label: PaymentsForAdvanceToAffiliate to label_PaymentsForAdvanceToAffiliate" xlink:to="label_PaymentsForAdvanceToAffiliate_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsForConstructionInProcess" xlink:label="PaymentsForConstructionInProcess" xlink:title="PaymentsForConstructionInProcess" xlink:type="locator"/>
    <label id="label_PaymentsForConstructionInProcess_2" xlink:label="label_PaymentsForConstructionInProcess" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsForConstructionInProcess" xlink:type="resource" xml:lang="en-US">Payments For Construction In Process</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForConstructionInProcess" xlink:title="label: PaymentsForConstructionInProcess to label_PaymentsForConstructionInProcess" xlink:to="label_PaymentsForConstructionInProcess" xlink:type="arc"/>
    <label id="label_PaymentsForConstructionInProcess" xlink:label="label_PaymentsForConstructionInProcess_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsForConstructionInProcess" xlink:type="resource" xml:lang="en-US">Payments for construction in process</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForConstructionInProcess" xlink:title="label: PaymentsForConstructionInProcess to label_PaymentsForConstructionInProcess" xlink:to="label_PaymentsForConstructionInProcess_2" xlink:type="arc"/>
    <label id="label_PaymentsForConstructionInProcess_3" xlink:label="label_PaymentsForConstructionInProcess_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsForConstructionInProcess" xlink:type="resource" xml:lang="en-US">Deposits for vessels, port terminals and other fixed assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForConstructionInProcess" xlink:title="label: PaymentsForConstructionInProcess to label_PaymentsForConstructionInProcess" xlink:to="label_PaymentsForConstructionInProcess_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="PaymentsForRepurchaseOfCommonStock" xlink:title="PaymentsForRepurchaseOfCommonStock" xlink:type="locator"/>
    <label id="label_PaymentsForRepurchaseOfCommonStock" xlink:label="label_PaymentsForRepurchaseOfCommonStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsForRepurchaseOfCommonStock" xlink:type="resource" xml:lang="en-US">Acquisition of treasury stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForRepurchaseOfCommonStock" xlink:title="label: PaymentsForRepurchaseOfCommonStock to label_PaymentsForRepurchaseOfCommonStock" xlink:to="label_PaymentsForRepurchaseOfCommonStock" xlink:type="arc"/>
    <label id="label_PaymentsForRepurchaseOfCommonStock_2" xlink:label="label_PaymentsForRepurchaseOfCommonStock_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsForRepurchaseOfCommonStock" xlink:type="resource" xml:lang="en-US">Acquisition of treasury stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForRepurchaseOfCommonStock" xlink:title="label: PaymentsForRepurchaseOfCommonStock to label_PaymentsForRepurchaseOfCommonStock" xlink:to="label_PaymentsForRepurchaseOfCommonStock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsForRepurchaseOfEquity" xlink:label="PaymentsForRepurchaseOfEquity" xlink:title="PaymentsForRepurchaseOfEquity" xlink:type="locator"/>
    <label id="label_PaymentsForRepurchaseOfEquity" xlink:label="label_PaymentsForRepurchaseOfEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsForRepurchaseOfEquity" xlink:type="resource" xml:lang="en-US">Payments for Repurchase of Equity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForRepurchaseOfEquity" xlink:title="label: PaymentsForRepurchaseOfEquity to label_PaymentsForRepurchaseOfEquity" xlink:to="label_PaymentsForRepurchaseOfEquity" xlink:type="arc"/>
    <label id="label_PaymentsForRepurchaseOfEquity_2" xlink:label="label_PaymentsForRepurchaseOfEquity_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsForRepurchaseOfEquity" xlink:type="resource" xml:lang="en-US">Acquisition of treasury stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForRepurchaseOfEquity" xlink:title="label: PaymentsForRepurchaseOfEquity to label_PaymentsForRepurchaseOfEquity" xlink:to="label_PaymentsForRepurchaseOfEquity_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:label="PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:title="PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:type="locator"/>
    <label id="label_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock_2" xlink:label="label_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:type="resource" xml:lang="en-US">Payments for Repurchase of Preferred Stock and Preference Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:title="label: PaymentsForRepurchaseOfPreferredStockAndPreferenceStock to label_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:to="label_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock_2" xlink:type="arc"/>
    <label id="label_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock_3" xlink:label="label_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:type="resource" xml:lang="en-US">Payments for repurchase of shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:title="label: PaymentsForRepurchaseOfPreferredStockAndPreferenceStock to label_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:to="label_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock_3" xlink:type="arc"/>
    <label id="label_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock_4" xlink:label="label_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:type="resource" xml:lang="en-US">Repurchase of preferred stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:title="label: PaymentsForRepurchaseOfPreferredStockAndPreferenceStock to label_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:to="label_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock_4" xlink:type="arc"/>
    <label id="label_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:label="label_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:type="resource" xml:lang="en-US">Payments for tender offer expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:title="label: PaymentsForRepurchaseOfPreferredStockAndPreferenceStock to label_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:to="label_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsOfDebtIssuanceCosts" xlink:label="PaymentsOfDebtIssuanceCosts" xlink:title="PaymentsOfDebtIssuanceCosts" xlink:type="locator"/>
    <label id="label_PaymentsOfDebtIssuanceCosts" xlink:label="label_PaymentsOfDebtIssuanceCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsOfDebtIssuanceCosts" xlink:type="resource" xml:lang="en-US">Debt issuance costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDebtIssuanceCosts" xlink:title="label: PaymentsOfDebtIssuanceCosts to label_PaymentsOfDebtIssuanceCosts" xlink:to="label_PaymentsOfDebtIssuanceCosts" xlink:type="arc"/>
    <label id="label_PaymentsOfDebtIssuanceCosts_2" xlink:label="label_PaymentsOfDebtIssuanceCosts_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsOfDebtIssuanceCosts" xlink:type="resource" xml:lang="en-US">Debt issuance costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDebtIssuanceCosts" xlink:title="label: PaymentsOfDebtIssuanceCosts to label_PaymentsOfDebtIssuanceCosts" xlink:to="label_PaymentsOfDebtIssuanceCosts_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsOfDividendsCommonStock" xlink:label="PaymentsOfDividendsCommonStock" xlink:title="PaymentsOfDividendsCommonStock" xlink:type="locator"/>
    <label id="label_PaymentsOfDividendsCommonStock_2" xlink:label="label_PaymentsOfDividendsCommonStock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsOfDividendsCommonStock" xlink:type="resource" xml:lang="en-US">Payments Of Dividends Common Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividendsCommonStock" xlink:title="label: PaymentsOfDividendsCommonStock to label_PaymentsOfDividendsCommonStock" xlink:to="label_PaymentsOfDividendsCommonStock_2" xlink:type="arc"/>
    <label id="label_PaymentsOfDividendsCommonStock" xlink:label="label_PaymentsOfDividendsCommonStock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsOfDividendsCommonStock" xlink:type="resource" xml:lang="en-US">Dividends paid to common stockholders</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividendsCommonStock" xlink:title="label: PaymentsOfDividendsCommonStock to label_PaymentsOfDividendsCommonStock" xlink:to="label_PaymentsOfDividendsCommonStock" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:label="PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:title="PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:type="locator"/>
    <label id="label_PaymentsOfDividendsPreferredStockAndPreferenceStock_2" xlink:label="label_PaymentsOfDividendsPreferredStockAndPreferenceStock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:type="resource" xml:lang="en-US">Payments Of Dividend Preferred Stock And Preference Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:title="label: PaymentsOfDividendsPreferredStockAndPreferenceStock to label_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:to="label_PaymentsOfDividendsPreferredStockAndPreferenceStock_2" xlink:type="arc"/>
    <label id="label_PaymentsOfDividendsPreferredStockAndPreferenceStock_3" xlink:label="label_PaymentsOfDividendsPreferredStockAndPreferenceStock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:type="resource" xml:lang="en-US">Dividends Paid</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:title="label: PaymentsOfDividendsPreferredStockAndPreferenceStock to label_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:to="label_PaymentsOfDividendsPreferredStockAndPreferenceStock_3" xlink:type="arc"/>
    <label id="label_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:label="label_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:type="resource" xml:lang="en-US">Dividends paid to preferred stockholders</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:title="label: PaymentsOfDividendsPreferredStockAndPreferenceStock to label_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:to="label_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsOfDividends" xlink:label="PaymentsOfDividends" xlink:title="PaymentsOfDividends" xlink:type="locator"/>
    <label id="label_PaymentsOfDividends" xlink:label="label_PaymentsOfDividends" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsOfDividends" xlink:type="resource" xml:lang="en-US">Dividends paid</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividends" xlink:title="label: PaymentsOfDividends to label_PaymentsOfDividends" xlink:to="label_PaymentsOfDividends" xlink:type="arc"/>
    <label id="label_PaymentsOfDividends_2" xlink:label="label_PaymentsOfDividends_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsOfDividends" xlink:type="resource" xml:lang="en-US">Dividends paid</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividends" xlink:title="label: PaymentsOfDividends to label_PaymentsOfDividends" xlink:to="label_PaymentsOfDividends_2" xlink:type="arc"/>
    <label id="label_PaymentsOfDividends_3" xlink:label="label_PaymentsOfDividends_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsOfDividends" xlink:type="resource" xml:lang="en-US">Dividends paid</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividends" xlink:title="label: PaymentsOfDividends to label_PaymentsOfDividends" xlink:to="label_PaymentsOfDividends_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsOfFinancingCosts" xlink:label="PaymentsOfFinancingCosts" xlink:title="PaymentsOfFinancingCosts" xlink:type="locator"/>
    <label id="label_PaymentsOfFinancingCosts" xlink:label="label_PaymentsOfFinancingCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsOfFinancingCosts" xlink:type="resource" xml:lang="en-US">Payments Of Financing Costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfFinancingCosts" xlink:title="label: PaymentsOfFinancingCosts to label_PaymentsOfFinancingCosts" xlink:to="label_PaymentsOfFinancingCosts" xlink:type="arc"/>
    <label id="label_PaymentsOfFinancingCosts_2" xlink:label="label_PaymentsOfFinancingCosts_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsOfFinancingCosts" xlink:type="resource" xml:lang="en-US">Debt issuance costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfFinancingCosts" xlink:title="label: PaymentsOfFinancingCosts to label_PaymentsOfFinancingCosts" xlink:to="label_PaymentsOfFinancingCosts_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:label="PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:title="PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:type="locator"/>
    <label id="label_PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:label="label_PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:type="resource" xml:lang="en-US">Payments To Acquire Businesses And Interest In Affiliates</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:title="label: PaymentsToAcquireBusinessesAndInterestInAffiliates to label_PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:to="label_PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:type="arc"/>
    <label id="label_PaymentsToAcquireBusinessesAndInterestInAffiliates_2" xlink:label="label_PaymentsToAcquireBusinessesAndInterestInAffiliates_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:type="resource" xml:lang="en-US">Payments to acquire common stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:title="label: PaymentsToAcquireBusinessesAndInterestInAffiliates to label_PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:to="label_PaymentsToAcquireBusinessesAndInterestInAffiliates_2" xlink:type="arc"/>
    <label id="label_PaymentsToAcquireBusinessesAndInterestInAffiliates_3" xlink:label="label_PaymentsToAcquireBusinessesAndInterestInAffiliates_3" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:type="resource" xml:lang="en-US">Acquisition of investments in affiliates</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:title="label: PaymentsToAcquireBusinessesAndInterestInAffiliates to label_PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:to="label_PaymentsToAcquireBusinessesAndInterestInAffiliates_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesGross" xlink:label="PaymentsToAcquireBusinessesGross" xlink:title="PaymentsToAcquireBusinessesGross" xlink:type="locator"/>
    <label id="label_PaymentsToAcquireBusinessesGross" xlink:label="label_PaymentsToAcquireBusinessesGross" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_PaymentsToAcquireBusinessesGross" xlink:type="resource" xml:lang="en-US">Deferred Payment For Acquisition Intangible Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireBusinessesGross" xlink:title="label: PaymentsToAcquireBusinessesGross to label_PaymentsToAcquireBusinessesGross" xlink:to="label_PaymentsToAcquireBusinessesGross" xlink:type="arc"/>
    <label id="label_PaymentsToAcquireBusinessesGross_2" xlink:label="label_PaymentsToAcquireBusinessesGross_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsToAcquireBusinessesGross" xlink:type="resource" xml:lang="en-US">Payments To Acquire Businesses Gross</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireBusinessesGross" xlink:title="label: PaymentsToAcquireBusinessesGross to label_PaymentsToAcquireBusinessesGross" xlink:to="label_PaymentsToAcquireBusinessesGross_2" xlink:type="arc"/>
    <label id="label_PaymentsToAcquireBusinessesGross_3" xlink:label="label_PaymentsToAcquireBusinessesGross_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsToAcquireBusinessesGross" xlink:type="resource" xml:lang="en-US">Cash consideration</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireBusinessesGross" xlink:title="label: PaymentsToAcquireBusinessesGross to label_PaymentsToAcquireBusinessesGross" xlink:to="label_PaymentsToAcquireBusinessesGross_3" xlink:type="arc"/>
    <label id="label_PaymentsToAcquireBusinessesGross_4" xlink:label="label_PaymentsToAcquireBusinessesGross_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PaymentsToAcquireBusinessesGross" xlink:type="resource" xml:lang="en-US">Total consideration for acquisition of vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireBusinessesGross" xlink:title="label: PaymentsToAcquireBusinessesGross to label_PaymentsToAcquireBusinessesGross" xlink:to="label_PaymentsToAcquireBusinessesGross_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireIntangibleAssets" xlink:label="PaymentsToAcquireIntangibleAssets" xlink:title="PaymentsToAcquireIntangibleAssets" xlink:type="locator"/>
    <label id="label_PaymentsToAcquireIntangibleAssets_2" xlink:label="label_PaymentsToAcquireIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsToAcquireIntangibleAssets" xlink:type="resource" xml:lang="en-US">Payments To Acquire Intangible Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireIntangibleAssets" xlink:title="label: PaymentsToAcquireIntangibleAssets to label_PaymentsToAcquireIntangibleAssets" xlink:to="label_PaymentsToAcquireIntangibleAssets" xlink:type="arc"/>
    <label id="label_PaymentsToAcquireIntangibleAssets_3" xlink:label="label_PaymentsToAcquireIntangibleAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsToAcquireIntangibleAssets" xlink:type="resource" xml:lang="en-US">Acquisition of intangible assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireIntangibleAssets" xlink:title="label: PaymentsToAcquireIntangibleAssets to label_PaymentsToAcquireIntangibleAssets" xlink:to="label_PaymentsToAcquireIntangibleAssets_2" xlink:type="arc"/>
    <label id="label_PaymentsToAcquireIntangibleAssets" xlink:label="label_PaymentsToAcquireIntangibleAssets_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PaymentsToAcquireIntangibleAssets" xlink:type="resource" xml:lang="en-US">Balance of the purchase price</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireIntangibleAssets" xlink:title="label: PaymentsToAcquireIntangibleAssets to label_PaymentsToAcquireIntangibleAssets" xlink:to="label_PaymentsToAcquireIntangibleAssets_3" xlink:type="arc"/>
    <label id="label_PaymentsToAcquireIntangibleAssets_4" xlink:label="label_PaymentsToAcquireIntangibleAssets_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsToAcquireIntangibleAssets" xlink:type="resource" xml:lang="en-US">Acquisition of intangible assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireIntangibleAssets" xlink:title="label: PaymentsToAcquireIntangibleAssets to label_PaymentsToAcquireIntangibleAssets" xlink:to="label_PaymentsToAcquireIntangibleAssets_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:label="PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:title="PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:type="locator"/>
    <label id="label_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:label="label_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:type="resource" xml:lang="en-US">Payments To Acquire Interest In Subsidiaries And Affiliates</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:title="label: PaymentsToAcquireInterestInSubsidiariesAndAffiliates to label_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:to="label_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:type="arc"/>
    <label id="label_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_2" xlink:label="label_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:type="resource" xml:lang="en-US">Acquisition of noncontrolling interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:title="label: PaymentsToAcquireInterestInSubsidiariesAndAffiliates to label_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:to="label_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_2" xlink:type="arc"/>
    <label id="label_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_3" xlink:label="label_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:type="resource" xml:lang="en-US">Acquisition of noncontrolling interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:title="label: PaymentsToAcquireInterestInSubsidiariesAndAffiliates to label_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:to="label_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireInvestments" xlink:label="PaymentsToAcquireInvestments" xlink:title="PaymentsToAcquireInvestments" xlink:type="locator"/>
    <label id="label_PaymentsToAcquireInvestments" xlink:label="label_PaymentsToAcquireInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsToAcquireInvestments" xlink:type="resource" xml:lang="en-US">Payments To Acquire Investments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireInvestments" xlink:title="label: PaymentsToAcquireInvestments to label_PaymentsToAcquireInvestments" xlink:to="label_PaymentsToAcquireInvestments" xlink:type="arc"/>
    <label id="label_PaymentsToAcquireInvestments_2" xlink:label="label_PaymentsToAcquireInvestments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsToAcquireInvestments" xlink:type="resource" xml:lang="en-US">Payments to acquire investment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireInvestments" xlink:title="label: PaymentsToAcquireInvestments to label_PaymentsToAcquireInvestments" xlink:to="label_PaymentsToAcquireInvestments_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:label="PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:title="PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:type="locator"/>
    <label id="label_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:label="label_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:type="resource" xml:lang="en-US">Payments To Acquire Other Property Plant And Equipment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:title="label: PaymentsToAcquireOtherPropertyPlantAndEquipment to label_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:to="label_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:type="arc"/>
    <label id="label_PaymentsToAcquireOtherPropertyPlantAndEquipment_2" xlink:label="label_PaymentsToAcquireOtherPropertyPlantAndEquipment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:type="resource" xml:lang="en-US">Purchase of property, equipment and other fixed assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:title="label: PaymentsToAcquireOtherPropertyPlantAndEquipment to label_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:to="label_PaymentsToAcquireOtherPropertyPlantAndEquipment_2" xlink:type="arc"/>
    <label id="label_PaymentsToAcquireOtherPropertyPlantAndEquipment_3" xlink:label="label_PaymentsToAcquireOtherPropertyPlantAndEquipment_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:type="resource" xml:lang="en-US">Purchase of property, equipment and other fixed assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:title="label: PaymentsToAcquireOtherPropertyPlantAndEquipment to label_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:to="label_PaymentsToAcquireOtherPropertyPlantAndEquipment_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="PaymentsToAcquirePropertyPlantAndEquipment" xlink:title="PaymentsToAcquirePropertyPlantAndEquipment" xlink:type="locator"/>
    <label id="label_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="label_PaymentsToAcquirePropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsToAcquirePropertyPlantAndEquipment" xlink:type="resource" xml:lang="en-US">Payments To Acquire Property Plant And Equipment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquirePropertyPlantAndEquipment" xlink:title="label: PaymentsToAcquirePropertyPlantAndEquipment to label_PaymentsToAcquirePropertyPlantAndEquipment" xlink:to="label_PaymentsToAcquirePropertyPlantAndEquipment" xlink:type="arc"/>
    <label id="label_PaymentsToAcquirePropertyPlantAndEquipment_2" xlink:label="label_PaymentsToAcquirePropertyPlantAndEquipment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsToAcquirePropertyPlantAndEquipment" xlink:type="resource" xml:lang="en-US">Cash consideration for purchase of property, plant and equipment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquirePropertyPlantAndEquipment" xlink:title="label: PaymentsToAcquirePropertyPlantAndEquipment to label_PaymentsToAcquirePropertyPlantAndEquipment" xlink:to="label_PaymentsToAcquirePropertyPlantAndEquipment_2" xlink:type="arc"/>
    <label id="label_PaymentsToAcquirePropertyPlantAndEquipment_3" xlink:label="label_PaymentsToAcquirePropertyPlantAndEquipment_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PaymentsToAcquirePropertyPlantAndEquipment" xlink:type="resource" xml:lang="en-US">Cash consideration for purchase of vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquirePropertyPlantAndEquipment" xlink:title="label: PaymentsToAcquirePropertyPlantAndEquipment to label_PaymentsToAcquirePropertyPlantAndEquipment" xlink:to="label_PaymentsToAcquirePropertyPlantAndEquipment_3" xlink:type="arc"/>
    <label id="label_PaymentsToAcquirePropertyPlantAndEquipment_4" xlink:label="label_PaymentsToAcquirePropertyPlantAndEquipment_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsToAcquirePropertyPlantAndEquipment" xlink:type="resource" xml:lang="en-US">Acquisition of/additions to vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquirePropertyPlantAndEquipment" xlink:title="label: PaymentsToAcquirePropertyPlantAndEquipment to label_PaymentsToAcquirePropertyPlantAndEquipment" xlink:to="label_PaymentsToAcquirePropertyPlantAndEquipment_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToMinorityShareholders" xlink:label="PaymentsToMinorityShareholders" xlink:title="PaymentsToMinorityShareholders" xlink:type="locator"/>
    <label id="label_PaymentsToMinorityShareholders" xlink:label="label_PaymentsToMinorityShareholders" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsToMinorityShareholders" xlink:type="resource" xml:lang="en-US">Acquisition of noncontrolling interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToMinorityShareholders" xlink:title="label: PaymentsToMinorityShareholders to label_PaymentsToMinorityShareholders" xlink:to="label_PaymentsToMinorityShareholders" xlink:type="arc"/>
    <label id="label_PaymentsToMinorityShareholders_2" xlink:label="label_PaymentsToMinorityShareholders_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsToMinorityShareholders" xlink:type="resource" xml:lang="en-US">Acquisition of noncontrolling interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToMinorityShareholders" xlink:title="label: PaymentsToMinorityShareholders to label_PaymentsToMinorityShareholders" xlink:to="label_PaymentsToMinorityShareholders_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PensionAndOtherPostretirementPlansPolicy" xlink:label="PensionAndOtherPostretirementPlansPolicy" xlink:title="PensionAndOtherPostretirementPlansPolicy" xlink:type="locator"/>
    <label id="label_PensionAndOtherPostretirementPlansPolicy" xlink:label="label_PensionAndOtherPostretirementPlansPolicy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PensionAndOtherPostretirementPlansPolicy" xlink:type="resource" xml:lang="en-US">Pension And Other Postretirement Plans [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PensionAndOtherPostretirementPlansPolicy" xlink:title="label: PensionAndOtherPostretirementPlansPolicy to label_PensionAndOtherPostretirementPlansPolicy" xlink:to="label_PensionAndOtherPostretirementPlansPolicy" xlink:type="arc"/>
    <label id="label_PensionAndOtherPostretirementPlansPolicy_2" xlink:label="label_PensionAndOtherPostretirementPlansPolicy_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PensionAndOtherPostretirementPlansPolicy" xlink:type="resource" xml:lang="en-US">Employee benefits</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PensionAndOtherPostretirementPlansPolicy" xlink:title="label: PensionAndOtherPostretirementPlansPolicy to label_PensionAndOtherPostretirementPlansPolicy" xlink:to="label_PensionAndOtherPostretirementPlansPolicy_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PensionPlansDefinedBenefitMember" xlink:label="PensionPlansDefinedBenefitMember" xlink:title="PensionPlansDefinedBenefitMember" xlink:type="locator"/>
    <label id="label_PensionPlansDefinedBenefitMember" xlink:label="label_PensionPlansDefinedBenefitMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PensionPlansDefinedBenefitMember" xlink:type="resource" xml:lang="en-US">Pension Plan [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PensionPlansDefinedBenefitMember" xlink:title="label: PensionPlansDefinedBenefitMember to label_PensionPlansDefinedBenefitMember" xlink:to="label_PensionPlansDefinedBenefitMember" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="PreferredStockDividendRatePercentage" xlink:title="PreferredStockDividendRatePercentage" xlink:type="locator"/>
    <label id="label_PreferredStockDividendRatePercentage" xlink:label="label_PreferredStockDividendRatePercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockDividendRatePercentage" xlink:type="resource" xml:lang="en-US">Preferred Stock Dividend Rate Percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockDividendRatePercentage" xlink:title="label: PreferredStockDividendRatePercentage to label_PreferredStockDividendRatePercentage" xlink:to="label_PreferredStockDividendRatePercentage" xlink:type="arc"/>
    <label id="label_PreferredStockDividendRatePercentage_2" xlink:label="label_PreferredStockDividendRatePercentage_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockDividendRatePercentage" xlink:type="resource" xml:lang="en-US">Dividend rate of preferred stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockDividendRatePercentage" xlink:title="label: PreferredStockDividendRatePercentage to label_PreferredStockDividendRatePercentage" xlink:to="label_PreferredStockDividendRatePercentage_2" xlink:type="arc"/>
    <label id="label_PreferredStockDividendRatePercentage_3" xlink:label="label_PreferredStockDividendRatePercentage_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PreferredStockDividendRatePercentage" xlink:type="resource" xml:lang="en-US">Annual dividend percentage for each holder of preferred stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockDividendRatePercentage" xlink:title="label: PreferredStockDividendRatePercentage to label_PreferredStockDividendRatePercentage" xlink:to="label_PreferredStockDividendRatePercentage_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PreferredStockDividendsAndOtherAdjustmentsAbstract" xlink:label="PreferredStockDividendsAndOtherAdjustmentsAbstract" xlink:title="PreferredStockDividendsAndOtherAdjustmentsAbstract" xlink:type="locator"/>
    <label id="label_PreferredStockDividendsAndOtherAdjustmentsAbstract" xlink:label="label_PreferredStockDividendsAndOtherAdjustmentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockDividendsAndOtherAdjustmentsAbstract" xlink:type="resource" xml:lang="en-US">Preferred Stock Dividends and Other Adjustments [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockDividendsAndOtherAdjustmentsAbstract" xlink:title="label: PreferredStockDividendsAndOtherAdjustmentsAbstract to label_PreferredStockDividendsAndOtherAdjustmentsAbstract" xlink:to="label_PreferredStockDividendsAndOtherAdjustmentsAbstract" xlink:type="arc"/>
    <label id="label_PreferredStockDividendsAndOtherAdjustmentsAbstract_2" xlink:label="label_PreferredStockDividendsAndOtherAdjustmentsAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockDividendsAndOtherAdjustmentsAbstract" xlink:type="resource" xml:lang="en-US">Plus:</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockDividendsAndOtherAdjustmentsAbstract" xlink:title="label: PreferredStockDividendsAndOtherAdjustmentsAbstract to label_PreferredStockDividendsAndOtherAdjustmentsAbstract" xlink:to="label_PreferredStockDividendsAndOtherAdjustmentsAbstract_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:label="PreferredStockDividendsIncomeStatementImpact" xlink:title="PreferredStockDividendsIncomeStatementImpact" xlink:type="locator"/>
    <label id="label_PreferredStockDividendsIncomeStatementImpact" xlink:label="label_PreferredStockDividendsIncomeStatementImpact" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockDividendsIncomeStatementImpact" xlink:type="resource" xml:lang="en-US">Preferred Stock Dividends Income Statement Impact</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockDividendsIncomeStatementImpact" xlink:title="label: PreferredStockDividendsIncomeStatementImpact to label_PreferredStockDividendsIncomeStatementImpact" xlink:to="label_PreferredStockDividendsIncomeStatementImpact" xlink:type="arc"/>
    <label id="label_PreferredStockDividendsIncomeStatementImpact_2" xlink:label="label_PreferredStockDividendsIncomeStatementImpact_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockDividendsIncomeStatementImpact" xlink:type="resource" xml:lang="en-US">Preferred stock dividends of subsidiary</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockDividendsIncomeStatementImpact" xlink:title="label: PreferredStockDividendsIncomeStatementImpact to label_PreferredStockDividendsIncomeStatementImpact" xlink:to="label_PreferredStockDividendsIncomeStatementImpact_2" xlink:type="arc"/>
    <label id="label_PreferredStockDividendsIncomeStatementImpact_3" xlink:label="label_PreferredStockDividendsIncomeStatementImpact_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PreferredStockDividendsIncomeStatementImpact" xlink:type="resource" xml:lang="en-US">Preferred stock dividends of subsidiary</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockDividendsIncomeStatementImpact" xlink:title="label: PreferredStockDividendsIncomeStatementImpact to label_PreferredStockDividendsIncomeStatementImpact" xlink:to="label_PreferredStockDividendsIncomeStatementImpact_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PreferredStockDividendsPerShareDeclared" xlink:label="PreferredStockDividendsPerShareDeclared" xlink:title="PreferredStockDividendsPerShareDeclared" xlink:type="locator"/>
    <label id="label_PreferredStockDividendsPerShareDeclared" xlink:label="label_PreferredStockDividendsPerShareDeclared" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockDividendsPerShareDeclared" xlink:type="resource" xml:lang="en-US">Preferred Stock Dividends Per Share Declared</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockDividendsPerShareDeclared" xlink:title="label: PreferredStockDividendsPerShareDeclared to label_PreferredStockDividendsPerShareDeclared" xlink:to="label_PreferredStockDividendsPerShareDeclared" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PreferredStockLiquidationPreference" xlink:label="PreferredStockLiquidationPreference" xlink:title="PreferredStockLiquidationPreference" xlink:type="locator"/>
    <label id="label_PreferredStockLiquidationPreference" xlink:label="label_PreferredStockLiquidationPreference" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockLiquidationPreference" xlink:type="resource" xml:lang="en-US">Preferred Stock, Liquidation Preference Per Share</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockLiquidationPreference" xlink:title="label: PreferredStockLiquidationPreference to label_PreferredStockLiquidationPreference" xlink:to="label_PreferredStockLiquidationPreference" xlink:type="arc"/>
    <label id="label_PreferredStockLiquidationPreference_2" xlink:label="label_PreferredStockLiquidationPreference_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockLiquidationPreference" xlink:type="resource" xml:lang="en-US">Preferred Stock Redemption Price per Share</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockLiquidationPreference" xlink:title="label: PreferredStockLiquidationPreference to label_PreferredStockLiquidationPreference" xlink:to="label_PreferredStockLiquidationPreference_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PreferredStockMember" xlink:label="PreferredStockMember" xlink:title="PreferredStockMember" xlink:type="locator"/>
    <label id="label_PreferredStockMember" xlink:label="label_PreferredStockMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockMember" xlink:type="resource" xml:lang="en-US">Preferred Stock [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockMember" xlink:title="label: PreferredStockMember to label_PreferredStockMember" xlink:to="label_PreferredStockMember" xlink:type="arc"/>
    <label id="label_PreferredStockMember_2" xlink:label="label_PreferredStockMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockMember" xlink:type="resource" xml:lang="en-US">Preferred Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockMember" xlink:title="label: PreferredStockMember to label_PreferredStockMember" xlink:to="label_PreferredStockMember_2" xlink:type="arc"/>
    <label id="label_PreferredStockMember_3" xlink:label="label_PreferredStockMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PreferredStockMember" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockMember" xlink:title="label: PreferredStockMember to label_PreferredStockMember" xlink:to="label_PreferredStockMember_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="PreferredStockParOrStatedValuePerShare" xlink:title="PreferredStockParOrStatedValuePerShare" xlink:type="locator"/>
    <label id="label_PreferredStockParOrStatedValuePerShare" xlink:label="label_PreferredStockParOrStatedValuePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockParOrStatedValuePerShare" xlink:type="resource" xml:lang="en-US">Preferred Stock Par Or Stated Value Per Share</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockParOrStatedValuePerShare" xlink:title="label: PreferredStockParOrStatedValuePerShare to label_PreferredStockParOrStatedValuePerShare" xlink:to="label_PreferredStockParOrStatedValuePerShare" xlink:type="arc"/>
    <label id="label_PreferredStockParOrStatedValuePerShare_2" xlink:label="label_PreferredStockParOrStatedValuePerShare_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockParOrStatedValuePerShare" xlink:type="resource" xml:lang="en-US">Preferred stock par value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockParOrStatedValuePerShare" xlink:title="label: PreferredStockParOrStatedValuePerShare to label_PreferredStockParOrStatedValuePerShare" xlink:to="label_PreferredStockParOrStatedValuePerShare_2" xlink:type="arc"/>
    <label id="label_PreferredStockParOrStatedValuePerShare_3" xlink:label="label_PreferredStockParOrStatedValuePerShare_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PreferredStockParOrStatedValuePerShare" xlink:type="resource" xml:lang="en-US">Par value of preferred stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockParOrStatedValuePerShare" xlink:title="label: PreferredStockParOrStatedValuePerShare to label_PreferredStockParOrStatedValuePerShare" xlink:to="label_PreferredStockParOrStatedValuePerShare_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PreferredStockRedemptionAmount" xlink:label="PreferredStockRedemptionAmount" xlink:title="PreferredStockRedemptionAmount" xlink:type="locator"/>
    <label id="label_PreferredStockRedemptionAmount_2" xlink:label="label_PreferredStockRedemptionAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockRedemptionAmount" xlink:type="resource" xml:lang="en-US">Preferred Stock Redemption Amount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockRedemptionAmount" xlink:title="label: PreferredStockRedemptionAmount to label_PreferredStockRedemptionAmount" xlink:to="label_PreferredStockRedemptionAmount" xlink:type="arc"/>
    <label id="label_PreferredStockRedemptionAmount_3" xlink:label="label_PreferredStockRedemptionAmount_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockRedemptionAmount" xlink:type="resource" xml:lang="en-US">Tender Offer - Redemption of preferred stock (Note 16), value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockRedemptionAmount" xlink:title="label: PreferredStockRedemptionAmount to label_PreferredStockRedemptionAmount" xlink:to="label_PreferredStockRedemptionAmount_2" xlink:type="arc"/>
    <label id="label_PreferredStockRedemptionAmount" xlink:label="label_PreferredStockRedemptionAmount_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PreferredStockRedemptionAmount" xlink:type="resource" xml:lang="en-US">Tender Offer ? Redemption of preferred stock Series G and H</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockRedemptionAmount" xlink:title="label: PreferredStockRedemptionAmount to label_PreferredStockRedemptionAmount" xlink:to="label_PreferredStockRedemptionAmount_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PreferredStockRedemptionPricePerShare" xlink:label="PreferredStockRedemptionPricePerShare" xlink:title="PreferredStockRedemptionPricePerShare" xlink:type="locator"/>
    <label id="label_PreferredStockRedemptionPricePerShare" xlink:label="label_PreferredStockRedemptionPricePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockRedemptionPricePerShare" xlink:type="resource" xml:lang="en-US">Preferred Stock Redemption Price Per Share</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockRedemptionPricePerShare" xlink:title="label: PreferredStockRedemptionPricePerShare to label_PreferredStockRedemptionPricePerShare" xlink:to="label_PreferredStockRedemptionPricePerShare" xlink:type="arc"/>
    <label id="label_PreferredStockRedemptionPricePerShare_2" xlink:label="label_PreferredStockRedemptionPricePerShare_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockRedemptionPricePerShare" xlink:type="resource" xml:lang="en-US">Sale of Stock- Redemption price per share</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockRedemptionPricePerShare" xlink:title="label: PreferredStockRedemptionPricePerShare to label_PreferredStockRedemptionPricePerShare" xlink:to="label_PreferredStockRedemptionPricePerShare_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PreferredStockRedemptionTerms" xlink:label="PreferredStockRedemptionTerms" xlink:title="PreferredStockRedemptionTerms" xlink:type="locator"/>
    <label id="label_PreferredStockRedemptionTerms" xlink:label="label_PreferredStockRedemptionTerms" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockRedemptionTerms" xlink:type="resource" xml:lang="en-US">Preferred Stock Redemption Terms</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockRedemptionTerms" xlink:title="label: PreferredStockRedemptionTerms to label_PreferredStockRedemptionTerms" xlink:to="label_PreferredStockRedemptionTerms" xlink:type="arc"/>
    <label id="label_PreferredStockRedemptionTerms_2" xlink:label="label_PreferredStockRedemptionTerms_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockRedemptionTerms" xlink:type="resource" xml:lang="en-US">Sale of Stock- redemption terms</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockRedemptionTerms" xlink:title="label: PreferredStockRedemptionTerms to label_PreferredStockRedemptionTerms" xlink:to="label_PreferredStockRedemptionTerms_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="PreferredStockSharesAuthorized" xlink:title="PreferredStockSharesAuthorized" xlink:type="locator"/>
    <label id="label_PreferredStockSharesAuthorized" xlink:label="label_PreferredStockSharesAuthorized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockSharesAuthorized" xlink:type="resource" xml:lang="en-US">Preferred Stock Shares Authorized</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockSharesAuthorized" xlink:title="label: PreferredStockSharesAuthorized to label_PreferredStockSharesAuthorized" xlink:to="label_PreferredStockSharesAuthorized" xlink:type="arc"/>
    <label id="label_PreferredStockSharesAuthorized_2" xlink:label="label_PreferredStockSharesAuthorized_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockSharesAuthorized" xlink:type="resource" xml:lang="en-US">Preferred stock shares authorized</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockSharesAuthorized" xlink:title="label: PreferredStockSharesAuthorized to label_PreferredStockSharesAuthorized" xlink:to="label_PreferredStockSharesAuthorized_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="PreferredStockSharesIssued" xlink:title="PreferredStockSharesIssued" xlink:type="locator"/>
    <label id="label_PreferredStockSharesIssued" xlink:label="label_PreferredStockSharesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockSharesIssued" xlink:type="resource" xml:lang="en-US">Preferred Stock Shares Issued</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockSharesIssued" xlink:title="label: PreferredStockSharesIssued to label_PreferredStockSharesIssued" xlink:to="label_PreferredStockSharesIssued" xlink:type="arc"/>
    <label id="label_PreferredStockSharesIssued_2" xlink:label="label_PreferredStockSharesIssued_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockSharesIssued" xlink:type="resource" xml:lang="en-US">Preferred stock shares issued</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockSharesIssued" xlink:title="label: PreferredStockSharesIssued to label_PreferredStockSharesIssued" xlink:to="label_PreferredStockSharesIssued_2" xlink:type="arc"/>
    <label id="label_PreferredStockSharesIssued_3" xlink:label="label_PreferredStockSharesIssued_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PreferredStockSharesIssued" xlink:type="resource" xml:lang="en-US">Nominal value per share of preferred stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockSharesIssued" xlink:title="label: PreferredStockSharesIssued to label_PreferredStockSharesIssued" xlink:to="label_PreferredStockSharesIssued_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="PreferredStockSharesOutstanding" xlink:title="PreferredStockSharesOutstanding" xlink:type="locator"/>
    <label id="label_PreferredStockSharesOutstanding" xlink:label="label_PreferredStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockSharesOutstanding" xlink:type="resource" xml:lang="en-US">Preferred Stock Shares Outstanding</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockSharesOutstanding" xlink:title="label: PreferredStockSharesOutstanding to label_PreferredStockSharesOutstanding" xlink:to="label_PreferredStockSharesOutstanding" xlink:type="arc"/>
    <label id="label_PreferredStockSharesOutstanding_2" xlink:label="label_PreferredStockSharesOutstanding_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockSharesOutstanding" xlink:type="resource" xml:lang="en-US">Preferred stock shares outstanding</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockSharesOutstanding" xlink:title="label: PreferredStockSharesOutstanding to label_PreferredStockSharesOutstanding" xlink:to="label_PreferredStockSharesOutstanding_2" xlink:type="arc"/>
    <label id="label_PreferredStockSharesOutstanding_3" xlink:label="label_PreferredStockSharesOutstanding_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PreferredStockSharesOutstanding" xlink:type="resource" xml:lang="en-US">Preferred stock, shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockSharesOutstanding" xlink:title="label: PreferredStockSharesOutstanding to label_PreferredStockSharesOutstanding" xlink:to="label_PreferredStockSharesOutstanding_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PreferredStockValueOutstanding" xlink:label="PreferredStockValueOutstanding" xlink:title="PreferredStockValueOutstanding" xlink:type="locator"/>
    <label id="label_PreferredStockValueOutstanding" xlink:label="label_PreferredStockValueOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockValueOutstanding" xlink:type="resource" xml:lang="en-US">Preferred Stock Value Outstanding</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockValueOutstanding" xlink:title="label: PreferredStockValueOutstanding to label_PreferredStockValueOutstanding" xlink:to="label_PreferredStockValueOutstanding" xlink:type="arc"/>
    <label id="label_PreferredStockValueOutstanding_2" xlink:label="label_PreferredStockValueOutstanding_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PreferredStockValueOutstanding" xlink:type="resource" xml:lang="en-US">Preferred Stock - $0.0001 par value, authorized 1,000,000 shares, 75,069 and 8,479 issued and outstanding as of December 31, 2014 and 2013, respectively.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockValueOutstanding" xlink:title="label: PreferredStockValueOutstanding to label_PreferredStockValueOutstanding" xlink:to="label_PreferredStockValueOutstanding_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="PreferredStockValue" xlink:title="PreferredStockValue" xlink:type="locator"/>
    <label id="label_PreferredStockValue_2" xlink:label="label_PreferredStockValue_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockValue" xlink:type="resource" xml:lang="en-US">Preferred Stock Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockValue" xlink:title="label: PreferredStockValue to label_PreferredStockValue" xlink:to="label_PreferredStockValue_2" xlink:type="arc"/>
    <label id="label_PreferredStockValue_3" xlink:label="label_PreferredStockValue_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockValue" xlink:type="resource" xml:lang="en-US">Preferred Stock &#x2014; $0.0001 par value, authorized 1,000,000 shares, 23,032 and 23,242 issued and outstanding as of December&#xA0;31, 2020 and 2019, respectively.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockValue" xlink:title="label: PreferredStockValue to label_PreferredStockValue" xlink:to="label_PreferredStockValue_3" xlink:type="arc"/>
    <label id="label_PreferredStockValue" xlink:label="label_PreferredStockValue" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PreferredStockValue" xlink:type="resource" xml:lang="en-US">Shares tendered, nominal value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockValue" xlink:title="label: PreferredStockValue to label_PreferredStockValue" xlink:to="label_PreferredStockValue" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PrepaidExpenseAndOtherAssetsCurrent" xlink:label="PrepaidExpenseAndOtherAssetsCurrent" xlink:title="PrepaidExpenseAndOtherAssetsCurrent" xlink:type="locator"/>
    <label id="label_PrepaidExpenseAndOtherAssetsCurrent" xlink:label="label_PrepaidExpenseAndOtherAssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrepaidExpenseAndOtherAssetsCurrent" xlink:type="resource" xml:lang="en-US">Prepaid expenses and other current assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidExpenseAndOtherAssetsCurrent" xlink:title="label: PrepaidExpenseAndOtherAssetsCurrent to label_PrepaidExpenseAndOtherAssetsCurrent" xlink:to="label_PrepaidExpenseAndOtherAssetsCurrent" xlink:type="arc"/>
    <label id="label_PrepaidExpenseAndOtherAssetsCurrent_2" xlink:label="label_PrepaidExpenseAndOtherAssetsCurrent_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_PrepaidExpenseAndOtherAssetsCurrent" xlink:type="resource" xml:lang="en-US">Total prepaid expenses and other current assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidExpenseAndOtherAssetsCurrent" xlink:title="label: PrepaidExpenseAndOtherAssetsCurrent to label_PrepaidExpenseAndOtherAssetsCurrent" xlink:to="label_PrepaidExpenseAndOtherAssetsCurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PrepaidTaxes" xlink:label="PrepaidTaxes" xlink:title="PrepaidTaxes" xlink:type="locator"/>
    <label id="label_PrepaidTaxes" xlink:label="label_PrepaidTaxes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrepaidTaxes" xlink:type="resource" xml:lang="en-US">Prepaid Taxes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidTaxes" xlink:title="label: PrepaidTaxes to label_PrepaidTaxes" xlink:to="label_PrepaidTaxes" xlink:type="arc"/>
    <label id="label_PrepaidTaxes_2" xlink:label="label_PrepaidTaxes_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PrepaidTaxes" xlink:type="resource" xml:lang="en-US">Prepaid other taxes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaidTaxes" xlink:title="label: PrepaidTaxes to label_PrepaidTaxes" xlink:to="label_PrepaidTaxes_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PrivatePlacementMember" xlink:label="PrivatePlacementMember" xlink:title="PrivatePlacementMember" xlink:type="locator"/>
    <label id="label_PrivatePlacementMember" xlink:label="label_PrivatePlacementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrivatePlacementMember" xlink:type="resource" xml:lang="en-US">Private placement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrivatePlacementMember" xlink:title="label: PrivatePlacementMember to label_PrivatePlacementMember" xlink:to="label_PrivatePlacementMember" xlink:type="arc"/>
    <label id="label_PrivatePlacementMember_2" xlink:label="label_PrivatePlacementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PrivatePlacementMember" xlink:type="resource" xml:lang="en-US">Private placement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrivatePlacementMember" xlink:title="label: PrivatePlacementMember to label_PrivatePlacementMember" xlink:to="label_PrivatePlacementMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromCollectionOfLeaseReceivables" xlink:label="ProceedsFromCollectionOfLeaseReceivables" xlink:title="ProceedsFromCollectionOfLeaseReceivables" xlink:type="locator"/>
    <label id="label_ProceedsFromCollectionOfLeaseReceivables_2" xlink:label="label_ProceedsFromCollectionOfLeaseReceivables_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromCollectionOfLeaseReceivables" xlink:type="resource" xml:lang="en-US">Receipts from investment in finance lease</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromCollectionOfLeaseReceivables" xlink:title="label: ProceedsFromCollectionOfLeaseReceivables to label_ProceedsFromCollectionOfLeaseReceivables" xlink:to="label_ProceedsFromCollectionOfLeaseReceivables_2" xlink:type="arc"/>
    <label id="label_ProceedsFromCollectionOfLeaseReceivables" xlink:label="label_ProceedsFromCollectionOfLeaseReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromCollectionOfLeaseReceivables" xlink:type="resource" xml:lang="en-US">Proceeds from lease receivable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromCollectionOfLeaseReceivables" xlink:title="label: ProceedsFromCollectionOfLeaseReceivables to label_ProceedsFromCollectionOfLeaseReceivables" xlink:to="label_ProceedsFromCollectionOfLeaseReceivables" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromCollectionOfLongtermLoansToRelatedParties" xlink:label="ProceedsFromCollectionOfLongtermLoansToRelatedParties" xlink:title="ProceedsFromCollectionOfLongtermLoansToRelatedParties" xlink:type="locator"/>
    <label id="label_ProceedsFromCollectionOfLongtermLoansToRelatedParties" xlink:label="label_ProceedsFromCollectionOfLongtermLoansToRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromCollectionOfLongtermLoansToRelatedParties" xlink:type="resource" xml:lang="en-US">Loan repayment from affiliate company</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromCollectionOfLongtermLoansToRelatedParties" xlink:title="label: ProceedsFromCollectionOfLongtermLoansToRelatedParties to label_ProceedsFromCollectionOfLongtermLoansToRelatedParties" xlink:to="label_ProceedsFromCollectionOfLongtermLoansToRelatedParties" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromDividendsReceived" xlink:label="ProceedsFromDividendsReceived" xlink:title="ProceedsFromDividendsReceived" xlink:type="locator"/>
    <label id="label_ProceedsFromDividendsReceived" xlink:label="label_ProceedsFromDividendsReceived" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_ProceedsFromDividendsReceived" xlink:type="resource" xml:lang="en-US">Reclassification from operating to investing activities of dividends received</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromDividendsReceived" xlink:title="label: ProceedsFromDividendsReceived to label_ProceedsFromDividendsReceived" xlink:to="label_ProceedsFromDividendsReceived" xlink:type="arc"/>
    <label id="label_ProceedsFromDividendsReceived_2" xlink:label="label_ProceedsFromDividendsReceived_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromDividendsReceived" xlink:type="resource" xml:lang="en-US">Proceeds From Dividends Received</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromDividendsReceived" xlink:title="label: ProceedsFromDividendsReceived to label_ProceedsFromDividendsReceived" xlink:to="label_ProceedsFromDividendsReceived_2" xlink:type="arc"/>
    <label id="label_ProceedsFromDividendsReceived_3" xlink:label="label_ProceedsFromDividendsReceived_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromDividendsReceived" xlink:type="resource" xml:lang="en-US">Dividends received</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromDividendsReceived" xlink:title="label: ProceedsFromDividendsReceived to label_ProceedsFromDividendsReceived" xlink:to="label_ProceedsFromDividendsReceived_3" xlink:type="arc"/>
    <label id="label_ProceedsFromDividendsReceived_4" xlink:label="label_ProceedsFromDividendsReceived_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ProceedsFromDividendsReceived" xlink:type="resource" xml:lang="en-US">Dividends from affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromDividendsReceived" xlink:title="label: ProceedsFromDividendsReceived to label_ProceedsFromDividendsReceived" xlink:to="label_ProceedsFromDividendsReceived_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromInsuranceSettlementOperatingActivities" xlink:label="ProceedsFromInsuranceSettlementOperatingActivities" xlink:title="ProceedsFromInsuranceSettlementOperatingActivities" xlink:type="locator"/>
    <label id="label_ProceedsFromInsuranceSettlementOperatingActivities" xlink:label="label_ProceedsFromInsuranceSettlementOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromInsuranceSettlementOperatingActivities" xlink:type="resource" xml:lang="en-US">Proceeds From Insurance Settlement Operating Activities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromInsuranceSettlementOperatingActivities" xlink:title="label: ProceedsFromInsuranceSettlementOperatingActivities to label_ProceedsFromInsuranceSettlementOperatingActivities" xlink:to="label_ProceedsFromInsuranceSettlementOperatingActivities" xlink:type="arc"/>
    <label id="label_ProceedsFromInsuranceSettlementOperatingActivities_2" xlink:label="label_ProceedsFromInsuranceSettlementOperatingActivities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromInsuranceSettlementOperatingActivities" xlink:type="resource" xml:lang="en-US">One-time upfront cash payment from insurance restructuring</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonLimitedPartnersUnits" xlink:label="ProceedsFromIssuanceOfCommonLimitedPartnersUnits" xlink:title="ProceedsFromIssuanceOfCommonLimitedPartnersUnits" xlink:type="locator"/>
    <label id="label_ProceedsFromIssuanceOfCommonLimitedPartnersUnits" xlink:label="label_ProceedsFromIssuanceOfCommonLimitedPartnersUnits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromIssuanceOfCommonLimitedPartnersUnits" xlink:type="resource" xml:lang="en-US">Proceeds From Issuance Of Common Limited Partners Units</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="ProceedsFromIssuanceOfCommonStock" xlink:title="ProceedsFromIssuanceOfCommonStock" xlink:type="locator"/>
    <label id="label_ProceedsFromIssuanceOfCommonStock" xlink:label="label_ProceedsFromIssuanceOfCommonStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromIssuanceOfCommonStock" xlink:type="resource" xml:lang="en-US">Proceeds From Issuance Of CommonStock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssuanceOfCommonStock" xlink:title="label: ProceedsFromIssuanceOfCommonStock to label_ProceedsFromIssuanceOfCommonStock" xlink:to="label_ProceedsFromIssuanceOfCommonStock" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromIssuanceOfConvertiblePreferredStock" xlink:label="ProceedsFromIssuanceOfConvertiblePreferredStock" xlink:title="ProceedsFromIssuanceOfConvertiblePreferredStock" xlink:type="locator"/>
    <label id="label_ProceedsFromIssuanceOfConvertiblePreferredStock" xlink:label="label_ProceedsFromIssuanceOfConvertiblePreferredStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromIssuanceOfConvertiblePreferredStock" xlink:type="resource" xml:lang="en-US">Proceeds From Issuance Of Convertible Preferred Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssuanceOfConvertiblePreferredStock" xlink:title="label: ProceedsFromIssuanceOfConvertiblePreferredStock to label_ProceedsFromIssuanceOfConvertiblePreferredStock" xlink:to="label_ProceedsFromIssuanceOfConvertiblePreferredStock" xlink:type="arc"/>
    <label id="label_ProceedsFromIssuanceOfConvertiblePreferredStock_2" xlink:label="label_ProceedsFromIssuanceOfConvertiblePreferredStock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromIssuanceOfConvertiblePreferredStock" xlink:type="resource" xml:lang="en-US">Sale of Stock-net proceeds</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet" xlink:label="ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet" xlink:title="ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet" xlink:type="locator"/>
    <label id="label_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet" xlink:label="label_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet" xlink:type="resource" xml:lang="en-US">Proceeds from issuance of senior and ship mortgage notes net of discount and debt issuance costs</label>
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    <label id="label_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet_2" xlink:label="label_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet" xlink:type="resource" xml:lang="en-US">Proceeds from issuance of senior notes, net of debt issuance costs</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:label="ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:title="ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:type="locator"/>
    <label id="label_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:label="label_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:type="resource" xml:lang="en-US">Proceeds from Issuance of Preferred Stock and Preference Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:title="label: ProceedsFromIssuanceOfPreferredStockAndPreferenceStock to label_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:to="label_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:type="arc"/>
    <label id="label_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock_2" xlink:label="label_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:type="resource" xml:lang="en-US">Sale of Stock-net proceeds</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromIssuanceOfPrivatePlacement" xlink:label="ProceedsFromIssuanceOfPrivatePlacement" xlink:title="ProceedsFromIssuanceOfPrivatePlacement" xlink:type="locator"/>
    <label id="label_ProceedsFromIssuanceOfPrivatePlacement" xlink:label="label_ProceedsFromIssuanceOfPrivatePlacement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromIssuanceOfPrivatePlacement" xlink:type="resource" xml:lang="en-US">Proceeds from Issuance of Private Placement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssuanceOfPrivatePlacement" xlink:title="label: ProceedsFromIssuanceOfPrivatePlacement to label_ProceedsFromIssuanceOfPrivatePlacement" xlink:to="label_ProceedsFromIssuanceOfPrivatePlacement" xlink:type="arc"/>
    <label id="label_ProceedsFromIssuanceOfPrivatePlacement_2" xlink:label="label_ProceedsFromIssuanceOfPrivatePlacement_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromIssuanceOfPrivatePlacement" xlink:type="resource" xml:lang="en-US">Proceeds from private placement of units to Navios Holdings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssuanceOfPrivatePlacement" xlink:title="label: ProceedsFromIssuanceOfPrivatePlacement to label_ProceedsFromIssuanceOfPrivatePlacement" xlink:to="label_ProceedsFromIssuanceOfPrivatePlacement_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromIssuanceOfRedeemablePreferredStock" xlink:label="ProceedsFromIssuanceOfRedeemablePreferredStock" xlink:title="ProceedsFromIssuanceOfRedeemablePreferredStock" xlink:type="locator"/>
    <label id="label_ProceedsFromIssuanceOfRedeemablePreferredStock" xlink:label="label_ProceedsFromIssuanceOfRedeemablePreferredStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromIssuanceOfRedeemablePreferredStock" xlink:type="resource" xml:lang="en-US">Proceeds From Issuance Of Redeemable Preferred Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssuanceOfRedeemablePreferredStock" xlink:title="label: ProceedsFromIssuanceOfRedeemablePreferredStock to label_ProceedsFromIssuanceOfRedeemablePreferredStock" xlink:to="label_ProceedsFromIssuanceOfRedeemablePreferredStock" xlink:type="arc"/>
    <label id="label_ProceedsFromIssuanceOfRedeemablePreferredStock_2" xlink:label="label_ProceedsFromIssuanceOfRedeemablePreferredStock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromIssuanceOfRedeemablePreferredStock" xlink:type="resource" xml:lang="en-US">Net proceeds from issuance of preferred stock</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions" xlink:label="ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions" xlink:title="ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions" xlink:type="locator"/>
    <label id="label_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions" xlink:label="label_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions" xlink:type="resource" xml:lang="en-US">Issuance of common stock- no</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromLegalSettlements" xlink:label="ProceedsFromLegalSettlements" xlink:title="ProceedsFromLegalSettlements" xlink:type="locator"/>
    <label id="label_ProceedsFromLegalSettlements" xlink:label="label_ProceedsFromLegalSettlements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromLegalSettlements" xlink:type="resource" xml:lang="en-US">Proceeds from legal settlements</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromLinesOfCredit" xlink:label="ProceedsFromLinesOfCredit" xlink:title="ProceedsFromLinesOfCredit" xlink:type="locator"/>
    <label id="label_ProceedsFromLinesOfCredit" xlink:label="label_ProceedsFromLinesOfCredit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromLinesOfCredit" xlink:type="resource" xml:lang="en-US">Proceeds From Lines Of Credit</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromLinesOfCredit" xlink:title="label: ProceedsFromLinesOfCredit to label_ProceedsFromLinesOfCredit" xlink:to="label_ProceedsFromLinesOfCredit" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromMinorityShareholders" xlink:label="ProceedsFromMinorityShareholders" xlink:title="ProceedsFromMinorityShareholders" xlink:type="locator"/>
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    <label id="label_ProceedsFromPaymentsToMinorityShareholders" xlink:label="label_ProceedsFromPaymentsToMinorityShareholders" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromPaymentsToMinorityShareholders" xlink:type="resource" xml:lang="en-US">Proceeds From Payments To Minority Shareholders</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromRelatedPartyDebt" xlink:label="ProceedsFromRelatedPartyDebt" xlink:title="ProceedsFromRelatedPartyDebt" xlink:type="locator"/>
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    <label id="label_ProceedsFromRelatedPartyDebt" xlink:label="label_ProceedsFromRelatedPartyDebt_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ProceedsFromRelatedPartyDebt" xlink:type="resource" xml:lang="en-US">Proceeds from loan payable to affiliate company, net of deferred finance fees</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt" xlink:label="ProceedsFromRepaymentsOfRelatedPartyDebt" xlink:title="ProceedsFromRepaymentsOfRelatedPartyDebt" xlink:type="locator"/>
    <label id="label_ProceedsFromRepaymentsOfRelatedPartyDebt_2" xlink:label="label_ProceedsFromRepaymentsOfRelatedPartyDebt_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromRepaymentsOfRelatedPartyDebt" xlink:type="resource" xml:lang="en-US">Proceeds From Repayments Of Related Party Debt</label>
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    <label id="label_ProceedsFromRepaymentsOfRelatedPartyDebt" xlink:label="label_ProceedsFromRepaymentsOfRelatedPartyDebt" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ProceedsFromRepaymentsOfRelatedPartyDebt" xlink:type="resource" xml:lang="en-US">(Repayment of)/proceeds from loan payable to affiliate company</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities" xlink:label="ProceedsFromRepaymentsOfRestrictedCashFinancingActivities" xlink:title="ProceedsFromRepaymentsOfRestrictedCashFinancingActivities" xlink:type="locator"/>
    <label id="label_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities" xlink:label="label_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities" xlink:type="resource" xml:lang="en-US">Decrease / (increase) in restricted cash</label>
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    <label id="label_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities_2" xlink:label="label_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities" xlink:type="resource" xml:lang="en-US">Decrease / (increase) in restricted cash</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromRepaymentsOfRestrictedCashFinancingActivities" xlink:title="label: ProceedsFromRepaymentsOfRestrictedCashFinancingActivities to label_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities" xlink:to="label_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities_2" xlink:type="arc"/>
    <label id="label_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities_3" xlink:label="label_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities" xlink:type="resource" xml:lang="en-US">(Increase)/ decrease in restricted cash</label>
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    <label id="label_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities_4" xlink:label="label_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities" xlink:type="resource" xml:lang="en-US">Increase in restricted cash</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity" xlink:label="ProceedsFromSaleOfAvailableForSaleSecuritiesEquity" xlink:title="ProceedsFromSaleOfAvailableForSaleSecuritiesEquity" xlink:type="locator"/>
    <label id="label_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity" xlink:label="label_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity" xlink:type="resource" xml:lang="en-US">Proceeds from Sale of Available-for-sale Securities, Equity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfAvailableForSaleSecuritiesEquity" xlink:title="label: ProceedsFromSaleOfAvailableForSaleSecuritiesEquity to label_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity" xlink:to="label_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity" xlink:type="arc"/>
    <label id="label_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity_2" xlink:label="label_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity" xlink:type="resource" xml:lang="en-US">Disposal of available-for-sale securities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfAvailableForSaleSecuritiesEquity" xlink:title="label: ProceedsFromSaleOfAvailableForSaleSecuritiesEquity to label_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity" xlink:to="label_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfInsuranceInvestments" xlink:label="ProceedsFromSaleOfInsuranceInvestments" xlink:title="ProceedsFromSaleOfInsuranceInvestments" xlink:type="locator"/>
    <label id="label_ProceedsFromSaleOfInsuranceInvestments" xlink:label="label_ProceedsFromSaleOfInsuranceInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromSaleOfInsuranceInvestments" xlink:type="resource" xml:lang="en-US">Proceeds from Sale of Insurance Investments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfInsuranceInvestments" xlink:title="label: ProceedsFromSaleOfInsuranceInvestments to label_ProceedsFromSaleOfInsuranceInvestments" xlink:to="label_ProceedsFromSaleOfInsuranceInvestments" xlink:type="arc"/>
    <label id="label_ProceedsFromSaleOfInsuranceInvestments_2" xlink:label="label_ProceedsFromSaleOfInsuranceInvestments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromSaleOfInsuranceInvestments" xlink:type="resource" xml:lang="en-US">Cash compensation receiverd</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfInsuranceInvestments" xlink:title="label: ProceedsFromSaleOfInsuranceInvestments to label_ProceedsFromSaleOfInsuranceInvestments" xlink:to="label_ProceedsFromSaleOfInsuranceInvestments_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfLongtermInvestments" xlink:label="ProceedsFromSaleOfLongtermInvestments" xlink:title="ProceedsFromSaleOfLongtermInvestments" xlink:type="locator"/>
    <label id="label_ProceedsFromSaleOfLongtermInvestments" xlink:label="label_ProceedsFromSaleOfLongtermInvestments_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromSaleOfLongtermInvestments" xlink:type="resource" xml:lang="en-US">Proceeds from transfer of debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfLongtermInvestments" xlink:title="label: ProceedsFromSaleOfLongtermInvestments to label_ProceedsFromSaleOfLongtermInvestments" xlink:to="label_ProceedsFromSaleOfLongtermInvestments_2" xlink:type="arc"/>
    <label id="label_ProceedsFromSaleOfLongtermInvestments_2" xlink:label="label_ProceedsFromSaleOfLongtermInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromSaleOfLongtermInvestments" xlink:type="resource" xml:lang="en-US">Proceeds from transfer of debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfLongtermInvestments" xlink:title="label: ProceedsFromSaleOfLongtermInvestments to label_ProceedsFromSaleOfLongtermInvestments" xlink:to="label_ProceedsFromSaleOfLongtermInvestments" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:label="ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:title="ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:type="locator"/>
    <label id="label_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:label="label_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:type="resource" xml:lang="en-US">Proceeds from sale of asset</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:title="label: ProceedsFromSaleOfPropertyPlantAndEquipment to label_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:to="label_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:type="arc"/>
    <label id="label_ProceedsFromSaleOfPropertyPlantAndEquipment_2" xlink:label="label_ProceedsFromSaleOfPropertyPlantAndEquipment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:type="resource" xml:lang="en-US">Cash consideration received</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:title="label: ProceedsFromSaleOfPropertyPlantAndEquipment to label_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:to="label_ProceedsFromSaleOfPropertyPlantAndEquipment_2" xlink:type="arc"/>
    <label id="label_ProceedsFromSaleOfPropertyPlantAndEquipment_3" xlink:label="label_ProceedsFromSaleOfPropertyPlantAndEquipment_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:type="resource" xml:lang="en-US">Cash consideration from sale of vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:title="label: ProceedsFromSaleOfPropertyPlantAndEquipment to label_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:to="label_ProceedsFromSaleOfPropertyPlantAndEquipment_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSalesOfAssetsInvestingActivities" xlink:label="ProceedsFromSalesOfAssetsInvestingActivities" xlink:title="ProceedsFromSalesOfAssetsInvestingActivities" xlink:type="locator"/>
    <label id="label_ProceedsFromSalesOfAssetsInvestingActivities" xlink:label="label_ProceedsFromSalesOfAssetsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromSalesOfAssetsInvestingActivities" xlink:type="resource" xml:lang="en-US">Proceeds From Sales Of Asset Investing Activities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSalesOfAssetsInvestingActivities" xlink:title="label: ProceedsFromSalesOfAssetsInvestingActivities to label_ProceedsFromSalesOfAssetsInvestingActivities" xlink:to="label_ProceedsFromSalesOfAssetsInvestingActivities" xlink:type="arc"/>
    <label id="label_ProceedsFromSalesOfAssetsInvestingActivities_2" xlink:label="label_ProceedsFromSalesOfAssetsInvestingActivities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromSalesOfAssetsInvestingActivities" xlink:type="resource" xml:lang="en-US">Proceeds from sale of assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSalesOfAssetsInvestingActivities" xlink:title="label: ProceedsFromSalesOfAssetsInvestingActivities to label_ProceedsFromSalesOfAssetsInvestingActivities" xlink:to="label_ProceedsFromSalesOfAssetsInvestingActivities_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProfitLoss" xlink:label="ProfitLoss" xlink:title="ProfitLoss" xlink:type="locator"/>
    <label id="label_ProfitLoss" xlink:label="label_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLoss" xlink:type="resource" xml:lang="en-US">Net income</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:title="label: ProfitLoss to label_ProfitLoss" xlink:to="label_ProfitLoss" xlink:type="arc"/>
    <label id="label_ProfitLoss_2" xlink:label="label_ProfitLoss_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLoss" xlink:type="resource" xml:lang="en-US">Net (loss)/income</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:title="label: ProfitLoss to label_ProfitLoss" xlink:to="label_ProfitLoss_2" xlink:type="arc"/>
    <label id="label_ProfitLoss_3" xlink:label="label_ProfitLoss_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ProfitLoss" xlink:type="resource" xml:lang="en-US">Net loss</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:title="label: ProfitLoss to label_ProfitLoss" xlink:to="label_ProfitLoss_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAbstract" xlink:label="PropertyPlantAndEquipmentAbstract" xlink:title="PropertyPlantAndEquipmentAbstract" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentAbstract" xlink:label="label_PropertyPlantAndEquipmentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentAbstract" xlink:type="resource" xml:lang="en-US">VESSELS, PORT TERMINALS AND OTHER FIXED ASSETS, NET [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentAbstract" xlink:title="label: PropertyPlantAndEquipmentAbstract to label_PropertyPlantAndEquipmentAbstract" xlink:to="label_PropertyPlantAndEquipmentAbstract" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAdditions" xlink:label="PropertyPlantAndEquipmentAdditions" xlink:title="PropertyPlantAndEquipmentAdditions" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentAdditions" xlink:label="label_PropertyPlantAndEquipmentAdditions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentAdditions" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Additions</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentAdditions" xlink:title="label: PropertyPlantAndEquipmentAdditions to label_PropertyPlantAndEquipmentAdditions" xlink:to="label_PropertyPlantAndEquipmentAdditions" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentAdditions_2" xlink:label="label_PropertyPlantAndEquipmentAdditions_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentAdditions" xlink:type="resource" xml:lang="en-US">Additions</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentAdditions" xlink:title="label: PropertyPlantAndEquipmentAdditions to label_PropertyPlantAndEquipmentAdditions" xlink:to="label_PropertyPlantAndEquipmentAdditions_2" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentAdditions_3" xlink:label="label_PropertyPlantAndEquipmentAdditions_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PropertyPlantAndEquipmentAdditions" xlink:type="resource" xml:lang="en-US">Vessel acquisition cost</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentAdditions" xlink:title="label: PropertyPlantAndEquipmentAdditions to label_PropertyPlantAndEquipmentAdditions" xlink:to="label_PropertyPlantAndEquipmentAdditions_3" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentAdditions_4" xlink:label="label_PropertyPlantAndEquipmentAdditions_4" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_PropertyPlantAndEquipmentAdditions" xlink:type="resource" xml:lang="en-US">Purchase price</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentAdditions" xlink:title="label: PropertyPlantAndEquipmentAdditions to label_PropertyPlantAndEquipmentAdditions" xlink:to="label_PropertyPlantAndEquipmentAdditions_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock" xlink:label="PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock" xlink:title="PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock" xlink:label="label_PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock" xlink:type="resource" xml:lang="en-US">Depreciation rates[Table Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock" xlink:title="label: PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock to label_PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock" xlink:to="label_PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock_2" xlink:label="label_PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock" xlink:type="resource" xml:lang="en-US">Depreciation rates</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock" xlink:title="label: PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock to label_PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock" xlink:to="label_PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="PropertyPlantAndEquipmentByTypeAxis" xlink:title="PropertyPlantAndEquipmentByTypeAxis" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentByTypeAxis" xlink:label="label_PropertyPlantAndEquipmentByTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentByTypeAxis" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment By Type [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentByTypeAxis" xlink:title="label: PropertyPlantAndEquipmentByTypeAxis to label_PropertyPlantAndEquipmentByTypeAxis" xlink:to="label_PropertyPlantAndEquipmentByTypeAxis" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentByTypeAxis" xlink:title="label: PropertyPlantAndEquipmentByTypeAxis to label_PropertyPlantAndEquipmentByTypeAxis" xlink:to="label_PropertyPlantAndEquipmentByTypeAxis_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:label="PropertyPlantAndEquipmentDisclosureTextBlock" xlink:title="PropertyPlantAndEquipmentDisclosureTextBlock" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:label="label_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Disclosure [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentDisclosureTextBlock" xlink:title="label: PropertyPlantAndEquipmentDisclosureTextBlock to label_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:to="label_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentDisclosureTextBlock_2" xlink:label="label_PropertyPlantAndEquipmentDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">VESSELS, PORT TERMINALS AND OTHER FIXED ASSETS, NET</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentDisposals" xlink:label="PropertyPlantAndEquipmentDisposals" xlink:title="PropertyPlantAndEquipmentDisposals" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentDisposals" xlink:label="label_PropertyPlantAndEquipmentDisposals" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentDisposals" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Disposals</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentDisposals" xlink:title="label: PropertyPlantAndEquipmentDisposals to label_PropertyPlantAndEquipmentDisposals" xlink:to="label_PropertyPlantAndEquipmentDisposals" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentDisposals_2" xlink:label="label_PropertyPlantAndEquipmentDisposals_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PropertyPlantAndEquipmentDisposals" xlink:type="resource" xml:lang="en-US">Disposals</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentDisposals" xlink:title="label: PropertyPlantAndEquipmentDisposals to label_PropertyPlantAndEquipmentDisposals" xlink:to="label_PropertyPlantAndEquipmentDisposals_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentEstimatedUsefulLives" xlink:label="PropertyPlantAndEquipmentEstimatedUsefulLives" xlink:title="PropertyPlantAndEquipmentEstimatedUsefulLives" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentEstimatedUsefulLives" xlink:label="label_PropertyPlantAndEquipmentEstimatedUsefulLives" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentEstimatedUsefulLives" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Estimated Useful Lives</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentEstimatedUsefulLives" xlink:title="label: PropertyPlantAndEquipmentEstimatedUsefulLives to label_PropertyPlantAndEquipmentEstimatedUsefulLives" xlink:to="label_PropertyPlantAndEquipmentEstimatedUsefulLives" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentEstimatedUsefulLives_2" xlink:label="label_PropertyPlantAndEquipmentEstimatedUsefulLives_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentEstimatedUsefulLives" xlink:type="resource" xml:lang="en-US">Useful life assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentEstimatedUsefulLives" xlink:title="label: PropertyPlantAndEquipmentEstimatedUsefulLives to label_PropertyPlantAndEquipmentEstimatedUsefulLives" xlink:to="label_PropertyPlantAndEquipmentEstimatedUsefulLives_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross" xlink:label="PropertyPlantAndEquipmentGross" xlink:title="PropertyPlantAndEquipmentGross" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentGross" xlink:label="label_PropertyPlantAndEquipmentGross" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_PropertyPlantAndEquipmentGross" xlink:type="resource" xml:lang="en-US">Balance</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentGross" xlink:title="label: PropertyPlantAndEquipmentGross to label_PropertyPlantAndEquipmentGross" xlink:to="label_PropertyPlantAndEquipmentGross" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentGross_2" xlink:label="label_PropertyPlantAndEquipmentGross_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_PropertyPlantAndEquipmentGross" xlink:type="resource" xml:lang="en-US">Balance</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentGross" xlink:title="label: PropertyPlantAndEquipmentGross to label_PropertyPlantAndEquipmentGross" xlink:to="label_PropertyPlantAndEquipmentGross_2" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentGross_3" xlink:label="label_PropertyPlantAndEquipmentGross_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentGross" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Gross</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentGross" xlink:title="label: PropertyPlantAndEquipmentGross to label_PropertyPlantAndEquipmentGross" xlink:to="label_PropertyPlantAndEquipmentGross_3" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentGross_4" xlink:label="label_PropertyPlantAndEquipmentGross_4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentGross" xlink:type="resource" xml:lang="en-US">Amount transferred to vessels' cost</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentGross" xlink:title="label: PropertyPlantAndEquipmentGross to label_PropertyPlantAndEquipmentGross" xlink:to="label_PropertyPlantAndEquipmentGross_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentImpairmentOrDisposalAbstract" xlink:label="PropertyPlantAndEquipmentImpairmentOrDisposalAbstract" xlink:title="PropertyPlantAndEquipmentImpairmentOrDisposalAbstract" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentImpairmentOrDisposalAbstract" xlink:label="label_PropertyPlantAndEquipmentImpairmentOrDisposalAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentImpairmentOrDisposalAbstract" xlink:type="resource" xml:lang="en-US">DISPOSAL OF ASSETS [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentImpairmentOrDisposalAbstract" xlink:title="label: PropertyPlantAndEquipmentImpairmentOrDisposalAbstract to label_PropertyPlantAndEquipmentImpairmentOrDisposalAbstract" xlink:to="label_PropertyPlantAndEquipmentImpairmentOrDisposalAbstract" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentImpairment" xlink:label="PropertyPlantAndEquipmentImpairment" xlink:title="PropertyPlantAndEquipmentImpairment" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentImpairment" xlink:label="label_PropertyPlantAndEquipmentImpairment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentImpairment" xlink:type="resource" xml:lang="en-US">Impairment of Long Lived Assets [Policy Text Block] xxx</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentImpairment" xlink:title="label: PropertyPlantAndEquipmentImpairment to label_PropertyPlantAndEquipmentImpairment" xlink:to="label_PropertyPlantAndEquipmentImpairment" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentImpairment_2" xlink:label="label_PropertyPlantAndEquipmentImpairment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentImpairment" xlink:type="resource" xml:lang="en-US">Impairment of Long Lived Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentImpairment" xlink:title="label: PropertyPlantAndEquipmentImpairment to label_PropertyPlantAndEquipmentImpairment" xlink:to="label_PropertyPlantAndEquipmentImpairment_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentLineItems" xlink:label="PropertyPlantAndEquipmentLineItems" xlink:title="PropertyPlantAndEquipmentLineItems" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentLineItems" xlink:label="label_PropertyPlantAndEquipmentLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentLineItems" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentLineItems" xlink:title="label: PropertyPlantAndEquipmentLineItems to label_PropertyPlantAndEquipmentLineItems" xlink:to="label_PropertyPlantAndEquipmentLineItems" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentLineItems_2" xlink:label="label_PropertyPlantAndEquipmentLineItems_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentLineItems" xlink:type="resource" xml:lang="en-US">Useful life</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentLineItems" xlink:title="label: PropertyPlantAndEquipmentLineItems to label_PropertyPlantAndEquipmentLineItems" xlink:to="label_PropertyPlantAndEquipmentLineItems_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="PropertyPlantAndEquipmentNet" xlink:title="PropertyPlantAndEquipmentNet" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentNet" xlink:label="label_PropertyPlantAndEquipmentNet" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_PropertyPlantAndEquipmentNet" xlink:type="resource" xml:lang="en-US">Balance</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentNet" xlink:title="label: PropertyPlantAndEquipmentNet to label_PropertyPlantAndEquipmentNet" xlink:to="label_PropertyPlantAndEquipmentNet" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentNet_2" xlink:label="label_PropertyPlantAndEquipmentNet_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_PropertyPlantAndEquipmentNet" xlink:type="resource" xml:lang="en-US">Balance</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentNet" xlink:title="label: PropertyPlantAndEquipmentNet to label_PropertyPlantAndEquipmentNet" xlink:to="label_PropertyPlantAndEquipmentNet_2" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentNet_3" xlink:label="label_PropertyPlantAndEquipmentNet_3" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_PropertyPlantAndEquipmentNet" xlink:type="resource" xml:lang="en-US">Book value of vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentNet" xlink:title="label: PropertyPlantAndEquipmentNet to label_PropertyPlantAndEquipmentNet" xlink:to="label_PropertyPlantAndEquipmentNet_3" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentNet_4" xlink:label="label_PropertyPlantAndEquipmentNet_4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentNet" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentNet" xlink:title="label: PropertyPlantAndEquipmentNet to label_PropertyPlantAndEquipmentNet" xlink:to="label_PropertyPlantAndEquipmentNet_4" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentNet_5" xlink:label="label_PropertyPlantAndEquipmentNet_5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentNet" xlink:type="resource" xml:lang="en-US">Net book value of long-lived assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentNet" xlink:title="label: PropertyPlantAndEquipmentNet to label_PropertyPlantAndEquipmentNet" xlink:to="label_PropertyPlantAndEquipmentNet_5" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentNet_6" xlink:label="label_PropertyPlantAndEquipmentNet_6" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PropertyPlantAndEquipmentNet" xlink:type="resource" xml:lang="en-US">Vessels, port terminals and other fixed assets, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentNet" xlink:title="label: PropertyPlantAndEquipmentNet to label_PropertyPlantAndEquipmentNet" xlink:to="label_PropertyPlantAndEquipmentNet_6" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentNet_7" xlink:label="label_PropertyPlantAndEquipmentNet_7" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PropertyPlantAndEquipmentNet" xlink:type="resource" xml:lang="en-US">Property plant and equipment net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentNet" xlink:title="label: PropertyPlantAndEquipmentNet to label_PropertyPlantAndEquipmentNet" xlink:to="label_PropertyPlantAndEquipmentNet_7" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentOtherTypesMember" xlink:label="PropertyPlantAndEquipmentOtherTypesMember" xlink:title="PropertyPlantAndEquipmentOtherTypesMember" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentOtherTypesMember" xlink:label="label_PropertyPlantAndEquipmentOtherTypesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentOtherTypesMember" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Other Types [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentOtherTypesMember" xlink:title="label: PropertyPlantAndEquipmentOtherTypesMember to label_PropertyPlantAndEquipmentOtherTypesMember" xlink:to="label_PropertyPlantAndEquipmentOtherTypesMember" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentOtherTypesMember_2" xlink:label="label_PropertyPlantAndEquipmentOtherTypesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentOtherTypesMember" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Other Types</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentOtherTypesMember" xlink:title="label: PropertyPlantAndEquipmentOtherTypesMember to label_PropertyPlantAndEquipmentOtherTypesMember" xlink:to="label_PropertyPlantAndEquipmentOtherTypesMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentPlannedMajorMaintenanceActivitiesPolicy" xlink:label="PropertyPlantAndEquipmentPlannedMajorMaintenanceActivitiesPolicy" xlink:title="PropertyPlantAndEquipmentPlannedMajorMaintenanceActivitiesPolicy" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentPlannedMajorMaintenanceActivitiesPolicy" xlink:label="label_PropertyPlantAndEquipmentPlannedMajorMaintenanceActivitiesPolicy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentPlannedMajorMaintenanceActivitiesPolicy" xlink:type="resource" xml:lang="en-US">Deferred Drydock and Special Survey Costs [Policy Text Block] xxx</label>
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    <label id="label_PropertyPlantAndEquipmentPlannedMajorMaintenanceActivitiesPolicy_2" xlink:label="label_PropertyPlantAndEquipmentPlannedMajorMaintenanceActivitiesPolicy_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentPlannedMajorMaintenanceActivitiesPolicy" xlink:type="resource" xml:lang="en-US">Deferred Drydock and Special Survey Costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentPlannedMajorMaintenanceActivitiesPolicy" xlink:title="label: PropertyPlantAndEquipmentPlannedMajorMaintenanceActivitiesPolicy to label_PropertyPlantAndEquipmentPlannedMajorMaintenanceActivitiesPolicy" xlink:to="label_PropertyPlantAndEquipmentPlannedMajorMaintenanceActivitiesPolicy_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:label="PropertyPlantAndEquipmentPolicyTextBlock" xlink:title="PropertyPlantAndEquipmentPolicyTextBlock" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentPolicyTextBlock" xlink:label="label_PropertyPlantAndEquipmentPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Vessel, Port Terminal, Tanker Vessels, Barges, Pushboats And Other Fixed Assets [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentPolicyTextBlock" xlink:title="label: PropertyPlantAndEquipmentPolicyTextBlock to label_PropertyPlantAndEquipmentPolicyTextBlock" xlink:to="label_PropertyPlantAndEquipmentPolicyTextBlock" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentPolicyTextBlock_2" xlink:label="label_PropertyPlantAndEquipmentPolicyTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Dry Bulk Vessels, Container Vessels, Port Terminals, Tanker Vessels, Barges, Pushboats and Other Fixed Assets, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentPolicyTextBlock" xlink:title="label: PropertyPlantAndEquipmentPolicyTextBlock to label_PropertyPlantAndEquipmentPolicyTextBlock" xlink:to="label_PropertyPlantAndEquipmentPolicyTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:label="PropertyPlantAndEquipmentTextBlock" xlink:title="PropertyPlantAndEquipmentTextBlock" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentTextBlock" xlink:label="label_PropertyPlantAndEquipmentTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentTextBlock" xlink:type="resource" xml:lang="en-US">Vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentTextBlock" xlink:title="label: PropertyPlantAndEquipmentTextBlock to label_PropertyPlantAndEquipmentTextBlock" xlink:to="label_PropertyPlantAndEquipmentTextBlock" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentTextBlock_2" xlink:label="label_PropertyPlantAndEquipmentTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentTextBlock" xlink:type="resource" xml:lang="en-US">Vessels, Port Terminals, Tanker Vessels, Barges, Push boats and other fixed assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentTextBlock" xlink:title="label: PropertyPlantAndEquipmentTextBlock to label_PropertyPlantAndEquipmentTextBlock" xlink:to="label_PropertyPlantAndEquipmentTextBlock_2" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentTextBlock_3" xlink:label="label_PropertyPlantAndEquipmentTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PropertyPlantAndEquipmentTextBlock" xlink:type="resource" xml:lang="en-US">Vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentTextBlock" xlink:title="label: PropertyPlantAndEquipmentTextBlock to label_PropertyPlantAndEquipmentTextBlock" xlink:to="label_PropertyPlantAndEquipmentTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTransfersAndChanges" xlink:label="PropertyPlantAndEquipmentTransfersAndChanges" xlink:title="PropertyPlantAndEquipmentTransfersAndChanges" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentTransfersAndChanges" xlink:label="label_PropertyPlantAndEquipmentTransfersAndChanges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentTransfersAndChanges" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Transfers And Changes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentTransfersAndChanges" xlink:title="label: PropertyPlantAndEquipmentTransfersAndChanges to label_PropertyPlantAndEquipmentTransfersAndChanges" xlink:to="label_PropertyPlantAndEquipmentTransfersAndChanges" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentTransfersAndChanges_2" xlink:label="label_PropertyPlantAndEquipmentTransfersAndChanges_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentTransfersAndChanges" xlink:type="resource" xml:lang="en-US">Transfers</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentTransfersAndChanges" xlink:title="label: PropertyPlantAndEquipmentTransfersAndChanges to label_PropertyPlantAndEquipmentTransfersAndChanges" xlink:to="label_PropertyPlantAndEquipmentTransfersAndChanges_2" xlink:type="arc"/>
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    <label id="label_PropertyPlantAndEquipmentTypeDomain" xlink:label="label_PropertyPlantAndEquipmentTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentTypeDomain" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Type [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentTypeDomain" xlink:title="label: PropertyPlantAndEquipmentTypeDomain to label_PropertyPlantAndEquipmentTypeDomain" xlink:to="label_PropertyPlantAndEquipmentTypeDomain" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentTypeDomain_2" xlink:label="label_PropertyPlantAndEquipmentTypeDomain_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentTypeDomain" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Type</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentTypeDomain" xlink:title="label: PropertyPlantAndEquipmentTypeDomain to label_PropertyPlantAndEquipmentTypeDomain" xlink:to="label_PropertyPlantAndEquipmentTypeDomain_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:label="PropertyPlantAndEquipmentUsefulLife" xlink:title="PropertyPlantAndEquipmentUsefulLife" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentUsefulLife" xlink:label="label_PropertyPlantAndEquipmentUsefulLife" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentUsefulLife" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Useful Life</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentUsefulLife" xlink:title="label: PropertyPlantAndEquipmentUsefulLife to label_PropertyPlantAndEquipmentUsefulLife" xlink:to="label_PropertyPlantAndEquipmentUsefulLife" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentUsefulLife_2" xlink:label="label_PropertyPlantAndEquipmentUsefulLife_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentUsefulLife" xlink:type="resource" xml:lang="en-US">Useful life assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentUsefulLife" xlink:title="label: PropertyPlantAndEquipmentUsefulLife to label_PropertyPlantAndEquipmentUsefulLife" xlink:to="label_PropertyPlantAndEquipmentUsefulLife_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertySubjectToOrAvailableForOperatingLeaseByMajorPropertyClassTable" xlink:label="PropertySubjectToOrAvailableForOperatingLeaseByMajorPropertyClassTable" xlink:title="PropertySubjectToOrAvailableForOperatingLeaseByMajorPropertyClassTable" xlink:type="locator"/>
    <label id="label_PropertySubjectToOrAvailableForOperatingLeaseByMajorPropertyClassTable" xlink:label="label_PropertySubjectToOrAvailableForOperatingLeaseByMajorPropertyClassTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertySubjectToOrAvailableForOperatingLeaseByMajorPropertyClassTable" xlink:type="resource" xml:lang="en-US">Property Subject To Or Available For Operating Lease By Major Property Class [Table]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertySubjectToOrAvailableForOperatingLeaseByMajorPropertyClassTable" xlink:title="label: PropertySubjectToOrAvailableForOperatingLeaseByMajorPropertyClassTable to label_PropertySubjectToOrAvailableForOperatingLeaseByMajorPropertyClassTable" xlink:to="label_PropertySubjectToOrAvailableForOperatingLeaseByMajorPropertyClassTable" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertySubjectToOrAvailableForOperatingLeaseLineItems" xlink:label="PropertySubjectToOrAvailableForOperatingLeaseLineItems" xlink:title="PropertySubjectToOrAvailableForOperatingLeaseLineItems" xlink:type="locator"/>
    <label id="label_PropertySubjectToOrAvailableForOperatingLeaseLineItems" xlink:label="label_PropertySubjectToOrAvailableForOperatingLeaseLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertySubjectToOrAvailableForOperatingLeaseLineItems" xlink:type="resource" xml:lang="en-US">Property Subject To Or Available For Operating Lease [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertySubjectToOrAvailableForOperatingLeaseLineItems" xlink:title="label: PropertySubjectToOrAvailableForOperatingLeaseLineItems to label_PropertySubjectToOrAvailableForOperatingLeaseLineItems" xlink:to="label_PropertySubjectToOrAvailableForOperatingLeaseLineItems" xlink:type="arc"/>
    <label id="label_PropertySubjectToOrAvailableForOperatingLeaseLineItems_2" xlink:label="label_PropertySubjectToOrAvailableForOperatingLeaseLineItems_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertySubjectToOrAvailableForOperatingLeaseLineItems" xlink:type="resource" xml:lang="en-US">Lease payments and dates [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertySubjectToOrAvailableForOperatingLeaseLineItems" xlink:title="label: PropertySubjectToOrAvailableForOperatingLeaseLineItems to label_PropertySubjectToOrAvailableForOperatingLeaseLineItems" xlink:to="label_PropertySubjectToOrAvailableForOperatingLeaseLineItems_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProvisionForDoubtfulAccounts" xlink:label="ProvisionForDoubtfulAccounts" xlink:title="ProvisionForDoubtfulAccounts" xlink:type="locator"/>
    <label id="label_ProvisionForDoubtfulAccounts" xlink:label="label_ProvisionForDoubtfulAccounts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionForDoubtfulAccounts" xlink:type="resource" xml:lang="en-US">Provision For Doubtful Accounts</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForDoubtfulAccounts" xlink:title="label: ProvisionForDoubtfulAccounts to label_ProvisionForDoubtfulAccounts" xlink:to="label_ProvisionForDoubtfulAccounts" xlink:type="arc"/>
    <label id="label_ProvisionForDoubtfulAccounts_2" xlink:label="label_ProvisionForDoubtfulAccounts_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ProvisionForDoubtfulAccounts" xlink:type="resource" xml:lang="en-US">Allowance for credit losses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForDoubtfulAccounts" xlink:title="label: ProvisionForDoubtfulAccounts to label_ProvisionForDoubtfulAccounts" xlink:to="label_ProvisionForDoubtfulAccounts_2" xlink:type="arc"/>
    <label id="label_ProvisionForDoubtfulAccounts_3" xlink:label="label_ProvisionForDoubtfulAccounts_3" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_ProvisionForDoubtfulAccounts" xlink:type="resource" xml:lang="en-US">Charges to Costs and Expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForDoubtfulAccounts" xlink:title="label: ProvisionForDoubtfulAccounts to label_ProvisionForDoubtfulAccounts" xlink:to="label_ProvisionForDoubtfulAccounts_3" xlink:type="arc"/>
    <label id="label_ProvisionForDoubtfulAccounts_4" xlink:label="label_ProvisionForDoubtfulAccounts_4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProvisionForDoubtfulAccounts" xlink:type="resource" xml:lang="en-US">Allowance for credit losses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForDoubtfulAccounts" xlink:title="label: ProvisionForDoubtfulAccounts to label_ProvisionForDoubtfulAccounts" xlink:to="label_ProvisionForDoubtfulAccounts_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProvisionForLossOnContracts" xlink:label="ProvisionForLossOnContracts" xlink:title="ProvisionForLossOnContracts" xlink:type="locator"/>
    <label id="label_ProvisionForLossOnContracts" xlink:label="label_ProvisionForLossOnContracts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionForLossOnContracts" xlink:type="resource" xml:lang="en-US">Provision For Loss On Contracts</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForLossOnContracts" xlink:title="label: ProvisionForLossOnContracts to label_ProvisionForLossOnContracts" xlink:to="label_ProvisionForLossOnContracts" xlink:type="arc"/>
    <label id="label_ProvisionForLossOnContracts_2" xlink:label="label_ProvisionForLossOnContracts_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProvisionForLossOnContracts" xlink:type="resource" xml:lang="en-US">Provision for losses on vessels time charter</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForLossOnContracts" xlink:title="label: ProvisionForLossOnContracts to label_ProvisionForLossOnContracts" xlink:to="label_ProvisionForLossOnContracts_2" xlink:type="arc"/>
    <label id="label_ProvisionForLossOnContracts_3" xlink:label="label_ProvisionForLossOnContracts_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ProvisionForLossOnContracts" xlink:type="resource" xml:lang="en-US">Provision for estimated losses on vessels under time charter</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForLossOnContracts" xlink:title="label: ProvisionForLossOnContracts to label_ProvisionForLossOnContracts" xlink:to="label_ProvisionForLossOnContracts_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesAbstract" xlink:label="ReceivablesAbstract" xlink:title="ReceivablesAbstract" xlink:type="locator"/>
    <label id="label_ReceivablesAbstract" xlink:label="label_ReceivablesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReceivablesAbstract" xlink:type="resource" xml:lang="en-US">ACCOUNTS RECEIVABLE,NET [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReceivablesAbstract" xlink:title="label: ReceivablesAbstract to label_ReceivablesAbstract" xlink:to="label_ReceivablesAbstract" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesPolicyTextBlock" xlink:label="ReceivablesPolicyTextBlock" xlink:title="ReceivablesPolicyTextBlock" xlink:type="locator"/>
    <label id="label_ReceivablesPolicyTextBlock" xlink:label="label_ReceivablesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReceivablesPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Receivables [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReceivablesPolicyTextBlock" xlink:title="label: ReceivablesPolicyTextBlock to label_ReceivablesPolicyTextBlock" xlink:to="label_ReceivablesPolicyTextBlock" xlink:type="arc"/>
    <label id="label_ReceivablesPolicyTextBlock_2" xlink:label="label_ReceivablesPolicyTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReceivablesPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Trade Accounts Receivable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReceivablesPolicyTextBlock" xlink:title="label: ReceivablesPolicyTextBlock to label_ReceivablesPolicyTextBlock" xlink:to="label_ReceivablesPolicyTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:label="ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:title="ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:type="locator"/>
    <label id="label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_3" xlink:label="label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:type="resource" xml:lang="en-US">Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:title="label: ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax to label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:to="label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_3" xlink:type="arc"/>
    <label id="label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_4" xlink:label="label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:type="resource" xml:lang="en-US">Reclassification to earnings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:title="label: ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax to label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:to="label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_4" xlink:type="arc"/>
    <label id="label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_5" xlink:label="label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_5" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:type="resource" xml:lang="en-US">Realized holding loss on investments in-available-for-sale-securities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:title="label: ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax to label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:to="label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_5" xlink:type="arc"/>
    <label id="label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:label="label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:type="resource" xml:lang="en-US">Reclassification to earnings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:title="label: ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax to label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:to="label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:title="label: ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax to label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:to="label_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RedeemablePreferredStockDividends" xlink:label="RedeemablePreferredStockDividends" xlink:title="RedeemablePreferredStockDividends" xlink:type="locator"/>
    <label id="label_RedeemablePreferredStockDividends" xlink:label="label_RedeemablePreferredStockDividends" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RedeemablePreferredStockDividends" xlink:type="resource" xml:lang="en-US">Redeemable Preferred Stock Dividends</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RedeemablePreferredStockDividends" xlink:title="label: RedeemablePreferredStockDividends to label_RedeemablePreferredStockDividends" xlink:to="label_RedeemablePreferredStockDividends" xlink:type="arc"/>
    <label id="label_RedeemablePreferredStockDividends_2" xlink:label="label_RedeemablePreferredStockDividends_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RedeemablePreferredStockDividends" xlink:type="resource" xml:lang="en-US">Dividend on Preferred Stock and on unvested restricted shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RedeemablePreferredStockDividends" xlink:title="label: RedeemablePreferredStockDividends to label_RedeemablePreferredStockDividends" xlink:to="label_RedeemablePreferredStockDividends_2" xlink:type="arc"/>
    <label id="label_RedeemablePreferredStockDividends_3" xlink:label="label_RedeemablePreferredStockDividends_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_RedeemablePreferredStockDividends" xlink:type="resource" xml:lang="en-US">Undeclared dividend on preferred stock and on unvested restricted shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RedeemablePreferredStockDividends" xlink:title="label: RedeemablePreferredStockDividends to label_RedeemablePreferredStockDividends" xlink:to="label_RedeemablePreferredStockDividends_3" xlink:type="arc"/>
    <label id="label_RedeemablePreferredStockDividends_4" xlink:label="label_RedeemablePreferredStockDividends_4" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_RedeemablePreferredStockDividends" xlink:type="resource" xml:lang="en-US">Less: Dividend on preferred stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RedeemablePreferredStockDividends" xlink:title="label: RedeemablePreferredStockDividends to label_RedeemablePreferredStockDividends" xlink:to="label_RedeemablePreferredStockDividends_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="RelatedPartyDomain" xlink:title="RelatedPartyDomain" xlink:type="locator"/>
    <label id="label_RelatedPartyDomain" xlink:label="label_RelatedPartyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyDomain" xlink:type="resource" xml:lang="en-US">Related Party [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyDomain" xlink:title="label: RelatedPartyDomain to label_RelatedPartyDomain" xlink:to="label_RelatedPartyDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionAxis" xlink:label="RelatedPartyTransactionAxis" xlink:title="RelatedPartyTransactionAxis" xlink:type="locator"/>
    <label id="label_RelatedPartyTransactionAxis" xlink:label="label_RelatedPartyTransactionAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTransactionAxis" xlink:type="resource" xml:lang="en-US">Related Party Transaction [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionAxis" xlink:title="label: RelatedPartyTransactionAxis to label_RelatedPartyTransactionAxis" xlink:to="label_RelatedPartyTransactionAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionDate" xlink:label="RelatedPartyTransactionDate" xlink:title="RelatedPartyTransactionDate" xlink:type="locator"/>
    <label id="label_RelatedPartyTransactionDate" xlink:label="label_RelatedPartyTransactionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTransactionDate" xlink:type="resource" xml:lang="en-US">Related Party Transaction, Date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionDate" xlink:title="label: RelatedPartyTransactionDate to label_RelatedPartyTransactionDate" xlink:to="label_RelatedPartyTransactionDate" xlink:type="arc"/>
    <label id="label_RelatedPartyTransactionDate_2" xlink:label="label_RelatedPartyTransactionDate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RelatedPartyTransactionDate" xlink:type="resource" xml:lang="en-US">Termination date of agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionDate" xlink:title="label: RelatedPartyTransactionDate to label_RelatedPartyTransactionDate" xlink:to="label_RelatedPartyTransactionDate_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionDomain" xlink:label="RelatedPartyTransactionDomain" xlink:title="RelatedPartyTransactionDomain" xlink:type="locator"/>
    <label id="label_RelatedPartyTransactionDomain" xlink:label="label_RelatedPartyTransactionDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTransactionDomain" xlink:type="resource" xml:lang="en-US">Related Party Transaction [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionDomain" xlink:title="label: RelatedPartyTransactionDomain to label_RelatedPartyTransactionDomain" xlink:to="label_RelatedPartyTransactionDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionLineItems" xlink:label="RelatedPartyTransactionLineItems" xlink:title="RelatedPartyTransactionLineItems" xlink:type="locator"/>
    <label id="label_RelatedPartyTransactionLineItems" xlink:label="label_RelatedPartyTransactionLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTransactionLineItems" xlink:type="resource" xml:lang="en-US">Related Party Transaction [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionLineItems" xlink:title="label: RelatedPartyTransactionLineItems to label_RelatedPartyTransactionLineItems" xlink:to="label_RelatedPartyTransactionLineItems" xlink:type="arc"/>
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    <label id="label_RelatedPartyTransactionPurchasesFromRelatedParty" xlink:label="label_RelatedPartyTransactionPurchasesFromRelatedParty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTransactionPurchasesFromRelatedParty" xlink:type="resource" xml:lang="en-US">Related Party Transaction Purchases From Related Party</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionPurchasesFromRelatedParty" xlink:title="label: RelatedPartyTransactionPurchasesFromRelatedParty to label_RelatedPartyTransactionPurchasesFromRelatedParty" xlink:to="label_RelatedPartyTransactionPurchasesFromRelatedParty" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionPurchasesFromRelatedParty" xlink:title="label: RelatedPartyTransactionPurchasesFromRelatedParty to label_RelatedPartyTransactionPurchasesFromRelatedParty" xlink:to="label_RelatedPartyTransactionPurchasesFromRelatedParty_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:label="RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:title="RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:type="locator"/>
    <label id="label_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:label="label_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:type="resource" xml:lang="en-US">Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:title="label: RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty to label_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:to="label_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:type="arc"/>
    <label id="label_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty_2" xlink:label="label_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:type="resource" xml:lang="en-US">General and administrative expenses incurred on behalf of affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:title="label: RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty to label_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:to="label_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionTermsAndMannerOfSettlement" xlink:label="RelatedPartyTransactionTermsAndMannerOfSettlement" xlink:title="RelatedPartyTransactionTermsAndMannerOfSettlement" xlink:type="locator"/>
    <label id="label_RelatedPartyTransactionTermsAndMannerOfSettlement" xlink:label="label_RelatedPartyTransactionTermsAndMannerOfSettlement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTransactionTermsAndMannerOfSettlement" xlink:type="resource" xml:lang="en-US">Related Party Transaction Terms And Manner Of Settlement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionTermsAndMannerOfSettlement" xlink:title="label: RelatedPartyTransactionTermsAndMannerOfSettlement to label_RelatedPartyTransactionTermsAndMannerOfSettlement" xlink:to="label_RelatedPartyTransactionTermsAndMannerOfSettlement" xlink:type="arc"/>
    <label id="label_RelatedPartyTransactionTermsAndMannerOfSettlement_2" xlink:label="label_RelatedPartyTransactionTermsAndMannerOfSettlement_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RelatedPartyTransactionTermsAndMannerOfSettlement" xlink:type="resource" xml:lang="en-US">Drydocking expenses reimbursement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionTermsAndMannerOfSettlement" xlink:title="label: RelatedPartyTransactionTermsAndMannerOfSettlement to label_RelatedPartyTransactionTermsAndMannerOfSettlement" xlink:to="label_RelatedPartyTransactionTermsAndMannerOfSettlement_2" xlink:type="arc"/>
    <label id="label_RelatedPartyTransactionTermsAndMannerOfSettlement_3" xlink:label="label_RelatedPartyTransactionTermsAndMannerOfSettlement_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_RelatedPartyTransactionTermsAndMannerOfSettlement" xlink:type="resource" xml:lang="en-US">Terms of settlement of related party transaction</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionTermsAndMannerOfSettlement" xlink:title="label: RelatedPartyTransactionTermsAndMannerOfSettlement to label_RelatedPartyTransactionTermsAndMannerOfSettlement" xlink:to="label_RelatedPartyTransactionTermsAndMannerOfSettlement_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="RelatedPartyTransactionsAbstract" xlink:title="RelatedPartyTransactionsAbstract" xlink:type="locator"/>
    <label id="label_RelatedPartyTransactionsAbstract" xlink:label="label_RelatedPartyTransactionsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTransactionsAbstract" xlink:type="resource" xml:lang="en-US">TRANSACTIONS WITH RELATED PARTIES [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionsAbstract" xlink:title="label: RelatedPartyTransactionsAbstract to label_RelatedPartyTransactionsAbstract" xlink:to="label_RelatedPartyTransactionsAbstract" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="RelatedPartyTransactionsByRelatedPartyAxis" xlink:title="RelatedPartyTransactionsByRelatedPartyAxis" xlink:type="locator"/>
    <label id="label_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="label_RelatedPartyTransactionsByRelatedPartyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTransactionsByRelatedPartyAxis" xlink:type="resource" xml:lang="en-US">Related Party Transactions By Related Party [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionsByRelatedPartyAxis" xlink:title="label: RelatedPartyTransactionsByRelatedPartyAxis to label_RelatedPartyTransactionsByRelatedPartyAxis" xlink:to="label_RelatedPartyTransactionsByRelatedPartyAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="RelatedPartyTransactionsDisclosureTextBlock" xlink:title="RelatedPartyTransactionsDisclosureTextBlock" xlink:type="locator"/>
    <label id="label_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="label_RelatedPartyTransactionsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTransactionsDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">Related Party Transactions Disclosure [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionsDisclosureTextBlock" xlink:title="label: RelatedPartyTransactionsDisclosureTextBlock to label_RelatedPartyTransactionsDisclosureTextBlock" xlink:to="label_RelatedPartyTransactionsDisclosureTextBlock" xlink:type="arc"/>
    <label id="label_RelatedPartyTransactionsDisclosureTextBlock_2" xlink:label="label_RelatedPartyTransactionsDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RelatedPartyTransactionsDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">TRANSACTIONS WITH RELATED PARTIES</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionsDisclosureTextBlock" xlink:title="label: RelatedPartyTransactionsDisclosureTextBlock to label_RelatedPartyTransactionsDisclosureTextBlock" xlink:to="label_RelatedPartyTransactionsDisclosureTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepaymentsOfConvertibleDebt" xlink:label="RepaymentsOfConvertibleDebt" xlink:title="RepaymentsOfConvertibleDebt" xlink:type="locator"/>
    <label id="label_RepaymentsOfConvertibleDebt" xlink:label="label_RepaymentsOfConvertibleDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepaymentsOfConvertibleDebt" xlink:type="resource" xml:lang="en-US">Repurchase of convertible bond</label>
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    <label id="label_RepaymentsOfConvertibleDebt_2" xlink:label="label_RepaymentsOfConvertibleDebt_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_RepaymentsOfConvertibleDebt" xlink:type="resource" xml:lang="en-US">Repurchase of convertible bond</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfConvertibleDebt" xlink:title="label: RepaymentsOfConvertibleDebt to label_RepaymentsOfConvertibleDebt" xlink:to="label_RepaymentsOfConvertibleDebt_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations" xlink:label="RepaymentsOfDebtAndCapitalLeaseObligations" xlink:title="RepaymentsOfDebtAndCapitalLeaseObligations" xlink:type="locator"/>
    <label id="label_RepaymentsOfDebtAndCapitalLeaseObligations" xlink:label="label_RepaymentsOfDebtAndCapitalLeaseObligations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepaymentsOfDebtAndCapitalLeaseObligations" xlink:type="resource" xml:lang="en-US">Payments of obligations under capital leases</label>
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    <label id="label_RepaymentsOfDebtAndCapitalLeaseObligations_2" xlink:label="label_RepaymentsOfDebtAndCapitalLeaseObligations_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RepaymentsOfDebtAndCapitalLeaseObligations" xlink:type="resource" xml:lang="en-US">Repayments of obligations under capital leases</label>
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    <label id="label_RepaymentsOfDebtAndCapitalLeaseObligations_3" xlink:label="label_RepaymentsOfDebtAndCapitalLeaseObligations_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_RepaymentsOfDebtAndCapitalLeaseObligations" xlink:type="resource" xml:lang="en-US">Payments of obligations under capital leases</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepaymentsOfDebt" xlink:label="RepaymentsOfDebt" xlink:title="RepaymentsOfDebt" xlink:type="locator"/>
    <label id="label_RepaymentsOfDebt" xlink:label="label_RepaymentsOfDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepaymentsOfDebt" xlink:type="resource" xml:lang="en-US">Repayments Of Debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfDebt" xlink:title="label: RepaymentsOfDebt to label_RepaymentsOfDebt" xlink:to="label_RepaymentsOfDebt" xlink:type="arc"/>
    <label id="label_RepaymentsOfDebt_2" xlink:label="label_RepaymentsOfDebt_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RepaymentsOfDebt" xlink:type="resource" xml:lang="en-US">Repayment of debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfDebt" xlink:title="label: RepaymentsOfDebt to label_RepaymentsOfDebt" xlink:to="label_RepaymentsOfDebt_2" xlink:type="arc"/>
    <label id="label_RepaymentsOfDebt_3" xlink:label="label_RepaymentsOfDebt_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_RepaymentsOfDebt" xlink:type="resource" xml:lang="en-US">Amount used for repayment of debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfDebt" xlink:title="label: RepaymentsOfDebt to label_RepaymentsOfDebt" xlink:to="label_RepaymentsOfDebt_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepaymentsOfLongTermCapitalLeaseObligations" xlink:label="RepaymentsOfLongTermCapitalLeaseObligations" xlink:title="RepaymentsOfLongTermCapitalLeaseObligations" xlink:type="locator"/>
    <label id="label_RepaymentsOfLongTermCapitalLeaseObligations" xlink:label="label_RepaymentsOfLongTermCapitalLeaseObligations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepaymentsOfLongTermCapitalLeaseObligations" xlink:type="resource" xml:lang="en-US">Repayments Of Long Term Capital Lease Obligations</label>
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    <label id="label_RepaymentsOfLongTermCapitalLeaseObligations_2" xlink:label="label_RepaymentsOfLongTermCapitalLeaseObligations_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_RepaymentsOfLongTermCapitalLeaseObligations" xlink:type="resource" xml:lang="en-US">Repayments of obligations under capital leases</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfLongTermCapitalLeaseObligations" xlink:title="label: RepaymentsOfLongTermCapitalLeaseObligations to label_RepaymentsOfLongTermCapitalLeaseObligations" xlink:to="label_RepaymentsOfLongTermCapitalLeaseObligations_2" xlink:type="arc"/>
    <label id="label_RepaymentsOfLongTermCapitalLeaseObligations_3" xlink:label="label_RepaymentsOfLongTermCapitalLeaseObligations_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_RepaymentsOfLongTermCapitalLeaseObligations" xlink:type="resource" xml:lang="en-US">Payments of obligations under capital leases</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepaymentsOfSecuredDebt" xlink:label="RepaymentsOfSecuredDebt" xlink:title="RepaymentsOfSecuredDebt" xlink:type="locator"/>
    <label id="label_RepaymentsOfSecuredDebt" xlink:label="label_RepaymentsOfSecuredDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepaymentsOfSecuredDebt" xlink:type="resource" xml:lang="en-US">Repayments Of Secured Debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfSecuredDebt" xlink:title="label: RepaymentsOfSecuredDebt to label_RepaymentsOfSecuredDebt" xlink:to="label_RepaymentsOfSecuredDebt" xlink:type="arc"/>
    <label id="label_RepaymentsOfSecuredDebt_2" xlink:label="label_RepaymentsOfSecuredDebt_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RepaymentsOfSecuredDebt" xlink:type="resource" xml:lang="en-US">Payment of secured credit facility</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepaymentsOfSeniorDebt" xlink:label="RepaymentsOfSeniorDebt" xlink:title="RepaymentsOfSeniorDebt" xlink:type="locator"/>
    <label id="label_RepaymentsOfSeniorDebt" xlink:label="label_RepaymentsOfSeniorDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepaymentsOfSeniorDebt" xlink:type="resource" xml:lang="en-US">Repayments Of Senior Debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfSeniorDebt" xlink:title="label: RepaymentsOfSeniorDebt to label_RepaymentsOfSeniorDebt" xlink:to="label_RepaymentsOfSeniorDebt" xlink:type="arc"/>
    <label id="label_RepaymentsOfSeniorDebt_2" xlink:label="label_RepaymentsOfSeniorDebt_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RepaymentsOfSeniorDebt" xlink:type="resource" xml:lang="en-US">Repayment of senior notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfSeniorDebt" xlink:title="label: RepaymentsOfSeniorDebt to label_RepaymentsOfSeniorDebt" xlink:to="label_RepaymentsOfSeniorDebt_2" xlink:type="arc"/>
    <label id="label_RepaymentsOfSeniorDebt_3" xlink:label="label_RepaymentsOfSeniorDebt_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_RepaymentsOfSeniorDebt" xlink:type="resource" xml:lang="en-US">Repayment of senior and ship mortgage notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfSeniorDebt" xlink:title="label: RepaymentsOfSeniorDebt to label_RepaymentsOfSeniorDebt" xlink:to="label_RepaymentsOfSeniorDebt_3" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfSeniorDebt" xlink:title="label: RepaymentsOfSeniorDebt to label_RepaymentsOfSeniorDebt" xlink:to="label_RepaymentsOfSeniorDebt_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:label="RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:title="RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:type="locator"/>
    <label id="label_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:label="label_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:type="resource" xml:lang="en-US">Restricted cash</label>
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    <label id="label_RestrictedCashAndCashEquivalentsAtCarryingValue_2" xlink:label="label_RestrictedCashAndCashEquivalentsAtCarryingValue_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:type="resource" xml:lang="en-US">Restricted cash - Book Value</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" xlink:label="RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" xlink:title="RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" xlink:type="locator"/>
    <label id="label_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" xlink:label="label_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" xlink:type="resource" xml:lang="en-US">Restricted Cash And Cash Equivalents Cash And Cash Equivalents [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" xlink:title="label: RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis to label_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" xlink:to="label_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:label="RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:title="RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:type="locator"/>
    <label id="label_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:label="label_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:title="label: RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember to label_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:to="label_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsItemsLineItems" xlink:label="RestrictedCashAndCashEquivalentsItemsLineItems" xlink:title="RestrictedCashAndCashEquivalentsItemsLineItems" xlink:type="locator"/>
    <label id="label_RestrictedCashAndCashEquivalentsItemsLineItems" xlink:label="label_RestrictedCashAndCashEquivalentsItemsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestrictedCashAndCashEquivalentsItemsLineItems" xlink:type="resource" xml:lang="en-US">Restricted Cash And Cash Equivalents Items [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedCashAndCashEquivalentsItemsLineItems" xlink:title="label: RestrictedCashAndCashEquivalentsItemsLineItems to label_RestrictedCashAndCashEquivalentsItemsLineItems" xlink:to="label_RestrictedCashAndCashEquivalentsItemsLineItems" xlink:type="arc"/>
    <label id="label_RestrictedCashAndCashEquivalentsItemsLineItems_2" xlink:label="label_RestrictedCashAndCashEquivalentsItemsLineItems_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RestrictedCashAndCashEquivalentsItemsLineItems" xlink:type="resource" xml:lang="en-US">Restricted Cash Balances and Types</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedCashAndCashEquivalentsItemsLineItems" xlink:title="label: RestrictedCashAndCashEquivalentsItemsLineItems to label_RestrictedCashAndCashEquivalentsItemsLineItems" xlink:to="label_RestrictedCashAndCashEquivalentsItemsLineItems_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedStockMember" xlink:label="RestrictedStockMember" xlink:title="RestrictedStockMember" xlink:type="locator"/>
    <label id="label_RestrictedStockMember" xlink:label="label_RestrictedStockMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestrictedStockMember" xlink:type="resource" xml:lang="en-US">Restricted Stock [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedStockMember" xlink:title="label: RestrictedStockMember to label_RestrictedStockMember" xlink:to="label_RestrictedStockMember" xlink:type="arc"/>
    <label id="label_RestrictedStockMember_2" xlink:label="label_RestrictedStockMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RestrictedStockMember" xlink:type="resource" xml:lang="en-US">Restricted share unit</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedStockMember" xlink:title="label: RestrictedStockMember to label_RestrictedStockMember" xlink:to="label_RestrictedStockMember_2" xlink:type="arc"/>
    <label id="label_RestrictedStockMember_3" xlink:label="label_RestrictedStockMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_RestrictedStockMember" xlink:type="resource" xml:lang="en-US">Restricted common stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedStockMember" xlink:title="label: RestrictedStockMember to label_RestrictedStockMember" xlink:to="label_RestrictedStockMember_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings" xlink:label="RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings" xlink:title="RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings" xlink:type="locator"/>
    <label id="label_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings" xlink:label="label_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings" xlink:type="resource" xml:lang="en-US">Restricted Stock Shares Issued Net Of Shares For Tax Withholdings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings" xlink:title="label: RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings to label_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings" xlink:to="label_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings" xlink:type="arc"/>
    <label id="label_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings_2" xlink:label="label_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings" xlink:type="resource" xml:lang="en-US">Restricted common stock issued number</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings" xlink:title="label: RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings to label_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings" xlink:to="label_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings_2" xlink:type="arc"/>
    <label id="label_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings_3" xlink:label="label_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings" xlink:type="resource" xml:lang="en-US">Number of restricted common stock issued to employees</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings" xlink:title="label: RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings to label_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings" xlink:to="label_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedStockUnitsRSUMember" xlink:label="RestrictedStockUnitsRSUMember" xlink:title="RestrictedStockUnitsRSUMember" xlink:type="locator"/>
    <label id="label_RestrictedStockUnitsRSUMember" xlink:label="label_RestrictedStockUnitsRSUMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestrictedStockUnitsRSUMember" xlink:type="resource" xml:lang="en-US">Restricted Stock Units (RSUs) [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedStockUnitsRSUMember" xlink:title="label: RestrictedStockUnitsRSUMember to label_RestrictedStockUnitsRSUMember" xlink:to="label_RestrictedStockUnitsRSUMember" xlink:type="arc"/>
    <label id="label_RestrictedStockUnitsRSUMember_2" xlink:label="label_RestrictedStockUnitsRSUMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RestrictedStockUnitsRSUMember" xlink:type="resource" xml:lang="en-US">Restricted stock units</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedStockUnitsRSUMember" xlink:title="label: RestrictedStockUnitsRSUMember to label_RestrictedStockUnitsRSUMember" xlink:to="label_RestrictedStockUnitsRSUMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="RetainedEarningsAccumulatedDeficit" xlink:title="RetainedEarningsAccumulatedDeficit" xlink:type="locator"/>
    <label id="label_RetainedEarningsAccumulatedDeficit_2" xlink:label="label_RetainedEarningsAccumulatedDeficit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RetainedEarningsAccumulatedDeficit" xlink:type="resource" xml:lang="en-US">Retained Earnings Accumulated Deficit</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsAccumulatedDeficit" xlink:title="label: RetainedEarningsAccumulatedDeficit to label_RetainedEarningsAccumulatedDeficit" xlink:to="label_RetainedEarningsAccumulatedDeficit" xlink:type="arc"/>
    <label id="label_RetainedEarningsAccumulatedDeficit_3" xlink:label="label_RetainedEarningsAccumulatedDeficit_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RetainedEarningsAccumulatedDeficit" xlink:type="resource" xml:lang="en-US">Retained earnings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsAccumulatedDeficit" xlink:title="label: RetainedEarningsAccumulatedDeficit to label_RetainedEarningsAccumulatedDeficit" xlink:to="label_RetainedEarningsAccumulatedDeficit_2" xlink:type="arc"/>
    <label id="label_RetainedEarningsAccumulatedDeficit" xlink:label="label_RetainedEarningsAccumulatedDeficit_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_RetainedEarningsAccumulatedDeficit" xlink:type="resource" xml:lang="en-US">Accumulated deficit</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsAccumulatedDeficit" xlink:title="label: RetainedEarningsAccumulatedDeficit to label_RetainedEarningsAccumulatedDeficit" xlink:to="label_RetainedEarningsAccumulatedDeficit_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="RetainedEarningsMember" xlink:title="RetainedEarningsMember" xlink:type="locator"/>
    <label id="label_RetainedEarningsMember" xlink:label="label_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RetainedEarningsMember" xlink:type="resource" xml:lang="en-US">Retained Earnings [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsMember" xlink:title="label: RetainedEarningsMember to label_RetainedEarningsMember" xlink:to="label_RetainedEarningsMember" xlink:type="arc"/>
    <label id="label_RetainedEarningsMember_2" xlink:label="label_RetainedEarningsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RetainedEarningsMember" xlink:type="resource" xml:lang="en-US">Accumulated Deficit</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsMember" xlink:title="label: RetainedEarningsMember to label_RetainedEarningsMember" xlink:to="label_RetainedEarningsMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RevenueRecognitionLeases" xlink:label="RevenueRecognitionLeases" xlink:title="RevenueRecognitionLeases" xlink:type="locator"/>
    <label id="label_RevenueRecognitionLeases" xlink:label="label_RevenueRecognitionLeases" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenueRecognitionLeases" xlink:type="resource" xml:lang="en-US">Leases [Policy Text Block] xxx</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueRecognitionLeases" xlink:title="label: RevenueRecognitionLeases to label_RevenueRecognitionLeases" xlink:to="label_RevenueRecognitionLeases" xlink:type="arc"/>
    <label id="label_RevenueRecognitionLeases_2" xlink:label="label_RevenueRecognitionLeases_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RevenueRecognitionLeases" xlink:type="resource" xml:lang="en-US">Leases</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueRecognitionLeases" xlink:title="label: RevenueRecognitionLeases to label_RevenueRecognitionLeases" xlink:to="label_RevenueRecognitionLeases_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RevenueRecognitionSalesOfServices" xlink:label="RevenueRecognitionSalesOfServices" xlink:title="RevenueRecognitionSalesOfServices" xlink:type="locator"/>
    <label id="label_RevenueRecognitionSalesOfServices" xlink:label="label_RevenueRecognitionSalesOfServices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenueRecognitionSalesOfServices" xlink:type="resource" xml:lang="en-US">Revenue and Expense Recognition [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueRecognitionSalesOfServices" xlink:title="label: RevenueRecognitionSalesOfServices to label_RevenueRecognitionSalesOfServices" xlink:to="label_RevenueRecognitionSalesOfServices" xlink:type="arc"/>
    <label id="label_RevenueRecognitionSalesOfServices_2" xlink:label="label_RevenueRecognitionSalesOfServices_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RevenueRecognitionSalesOfServices" xlink:type="resource" xml:lang="en-US">Revenue and Expense Recognition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueRecognitionSalesOfServices" xlink:title="label: RevenueRecognitionSalesOfServices to label_RevenueRecognitionSalesOfServices" xlink:to="label_RevenueRecognitionSalesOfServices_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems" xlink:label="RevenuesFromExternalCustomersAndLongLivedAssetsLineItems" xlink:title="RevenuesFromExternalCustomersAndLongLivedAssetsLineItems" xlink:type="locator"/>
    <label id="label_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems" xlink:label="label_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems" xlink:type="resource" xml:lang="en-US">Revenues From External Customers And Long Lived Assets [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenuesFromExternalCustomersAndLongLivedAssetsLineItems" xlink:title="label: RevenuesFromExternalCustomersAndLongLivedAssetsLineItems to label_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems" xlink:to="label_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Revenues" xlink:label="Revenues" xlink:title="Revenues" xlink:type="locator"/>
    <label id="label_Revenues" xlink:label="label_Revenues" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Revenues" xlink:type="resource" xml:lang="en-US">Revenue</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Revenues" xlink:title="label: Revenues to label_Revenues" xlink:to="label_Revenues" xlink:type="arc"/>
    <label id="label_Revenues_2" xlink:label="label_Revenues_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Revenues" xlink:type="resource" xml:lang="en-US">Revenue</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Revenues" xlink:title="label: Revenues to label_Revenues" xlink:to="label_Revenues_2" xlink:type="arc"/>
    <label id="label_Revenues_3" xlink:label="label_Revenues_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_Revenues" xlink:type="resource" xml:lang="en-US">Revenue by geographic region</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Revenues" xlink:title="label: Revenues to label_Revenues" xlink:to="label_Revenues_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RevolvingCreditFacilityMember" xlink:label="RevolvingCreditFacilityMember" xlink:title="RevolvingCreditFacilityMember" xlink:type="locator"/>
    <label id="label_RevolvingCreditFacilityMember" xlink:label="label_RevolvingCreditFacilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevolvingCreditFacilityMember" xlink:type="resource" xml:lang="en-US">Revolving Credit Facility [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevolvingCreditFacilityMember" xlink:title="label: RevolvingCreditFacilityMember to label_RevolvingCreditFacilityMember" xlink:to="label_RevolvingCreditFacilityMember" xlink:type="arc"/>
    <label id="label_RevolvingCreditFacilityMember_2" xlink:label="label_RevolvingCreditFacilityMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RevolvingCreditFacilityMember" xlink:type="resource" xml:lang="en-US">Revolving Credit Facility</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevolvingCreditFacilityMember" xlink:title="label: RevolvingCreditFacilityMember to label_RevolvingCreditFacilityMember" xlink:to="label_RevolvingCreditFacilityMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SaleOfStockNameOfTransactionDomain" xlink:label="SaleOfStockNameOfTransactionDomain" xlink:title="SaleOfStockNameOfTransactionDomain" xlink:type="locator"/>
    <label id="label_SaleOfStockNameOfTransactionDomain" xlink:label="label_SaleOfStockNameOfTransactionDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SaleOfStockNameOfTransactionDomain" xlink:type="resource" xml:lang="en-US">Sale Of Stock Name Of Transaction [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleOfStockNameOfTransactionDomain" xlink:title="label: SaleOfStockNameOfTransactionDomain to label_SaleOfStockNameOfTransactionDomain" xlink:to="label_SaleOfStockNameOfTransactionDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction" xlink:label="SaleOfStockNumberOfSharesIssuedInTransaction" xlink:title="SaleOfStockNumberOfSharesIssuedInTransaction" xlink:type="locator"/>
    <label id="label_SaleOfStockNumberOfSharesIssuedInTransaction" xlink:label="label_SaleOfStockNumberOfSharesIssuedInTransaction" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SaleOfStockNumberOfSharesIssuedInTransaction" xlink:type="resource" xml:lang="en-US">Sale Of Stock Number Of Shares Issued InTransaction</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleOfStockNumberOfSharesIssuedInTransaction" xlink:title="label: SaleOfStockNumberOfSharesIssuedInTransaction to label_SaleOfStockNumberOfSharesIssuedInTransaction" xlink:to="label_SaleOfStockNumberOfSharesIssuedInTransaction" xlink:type="arc"/>
    <label id="label_SaleOfStockNumberOfSharesIssuedInTransaction_2" xlink:label="label_SaleOfStockNumberOfSharesIssuedInTransaction_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SaleOfStockNumberOfSharesIssuedInTransaction" xlink:type="resource" xml:lang="en-US">Number of shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleOfStockNumberOfSharesIssuedInTransaction" xlink:title="label: SaleOfStockNumberOfSharesIssuedInTransaction to label_SaleOfStockNumberOfSharesIssuedInTransaction" xlink:to="label_SaleOfStockNumberOfSharesIssuedInTransaction_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SaleOfStockPricePerShare" xlink:label="SaleOfStockPricePerShare" xlink:title="SaleOfStockPricePerShare" xlink:type="locator"/>
    <label id="label_SaleOfStockPricePerShare" xlink:label="label_SaleOfStockPricePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SaleOfStockPricePerShare" xlink:type="resource" xml:lang="en-US">Sale Of Stock Price Per Share</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleOfStockPricePerShare" xlink:title="label: SaleOfStockPricePerShare to label_SaleOfStockPricePerShare" xlink:to="label_SaleOfStockPricePerShare" xlink:type="arc"/>
    <label id="label_SaleOfStockPricePerShare_2" xlink:label="label_SaleOfStockPricePerShare_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SaleOfStockPricePerShare" xlink:type="resource" xml:lang="en-US">Price per share offered</label>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_3" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:label="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:title="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:type="locator"/>
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    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:type="resource" xml:lang="en-US">Outstanding aggregate fair value end of period</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_2" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_3" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_4" xlink:type="arc"/>
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    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:type="resource" xml:lang="en-US">Outstanding number of shares end of period</label>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_2" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_3" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_4" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:type="resource" xml:lang="en-US">Outstanding, shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_4" xlink:type="arc"/>
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    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price</label>
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    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_2" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber" xlink:type="resource" xml:lang="en-US">Vested, shares</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:title="ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:type="locator"/>
    <label id="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:type="resource" xml:lang="en-US">Equity Award [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:title="label: ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain to label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:label="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:title="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:type="locator"/>
    <label id="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:label="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:title="label: ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice to label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:to="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_2" xlink:label="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:type="resource" xml:lang="en-US">Exercise price</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:title="label: ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice to label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:to="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:label="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:title="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:type="locator"/>
    <label id="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:label="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:type="resource" xml:lang="en-US">Fair value of stock granted</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:title="label: ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice to label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:to="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_2" xlink:label="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:title="label: ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice to label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:to="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_2" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_3" xlink:label="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:type="resource" xml:lang="en-US">Granted weighted average exercise price</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:title="label: ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice to label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:to="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_3" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_4" xlink:label="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:type="resource" xml:lang="en-US">Granted</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:title="label: ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice to label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:to="label_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationAwardTrancheOneMember" xlink:label="ShareBasedCompensationAwardTrancheOneMember" xlink:title="ShareBasedCompensationAwardTrancheOneMember" xlink:type="locator"/>
    <label id="label_ShareBasedCompensationAwardTrancheOneMember" xlink:label="label_ShareBasedCompensationAwardTrancheOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareBasedCompensationAwardTrancheOneMember" xlink:type="resource" xml:lang="en-US">Share-based Compensation Award, Tranche One [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationAwardTrancheOneMember" xlink:title="label: ShareBasedCompensationAwardTrancheOneMember to label_ShareBasedCompensationAwardTrancheOneMember" xlink:to="label_ShareBasedCompensationAwardTrancheOneMember" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationAwardTrancheOneMember_2" xlink:label="label_ShareBasedCompensationAwardTrancheOneMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareBasedCompensationAwardTrancheOneMember" xlink:type="resource" xml:lang="en-US">Tranche - Year 1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationAwardTrancheOneMember" xlink:title="label: ShareBasedCompensationAwardTrancheOneMember to label_ShareBasedCompensationAwardTrancheOneMember" xlink:to="label_ShareBasedCompensationAwardTrancheOneMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationAwardTrancheThreeMember" xlink:label="ShareBasedCompensationAwardTrancheThreeMember" xlink:title="ShareBasedCompensationAwardTrancheThreeMember" xlink:type="locator"/>
    <label id="label_ShareBasedCompensationAwardTrancheThreeMember" xlink:label="label_ShareBasedCompensationAwardTrancheThreeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareBasedCompensationAwardTrancheThreeMember" xlink:type="resource" xml:lang="en-US">Share-based Compensation Award, Tranche Three [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationAwardTrancheThreeMember" xlink:title="label: ShareBasedCompensationAwardTrancheThreeMember to label_ShareBasedCompensationAwardTrancheThreeMember" xlink:to="label_ShareBasedCompensationAwardTrancheThreeMember" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationAwardTrancheThreeMember_2" xlink:label="label_ShareBasedCompensationAwardTrancheThreeMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareBasedCompensationAwardTrancheThreeMember" xlink:type="resource" xml:lang="en-US">Tranche - Year 3</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationAwardTrancheThreeMember" xlink:title="label: ShareBasedCompensationAwardTrancheThreeMember to label_ShareBasedCompensationAwardTrancheThreeMember" xlink:to="label_ShareBasedCompensationAwardTrancheThreeMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationAwardTrancheTwoMember" xlink:label="ShareBasedCompensationAwardTrancheTwoMember" xlink:title="ShareBasedCompensationAwardTrancheTwoMember" xlink:type="locator"/>
    <label id="label_ShareBasedCompensationAwardTrancheTwoMember" xlink:label="label_ShareBasedCompensationAwardTrancheTwoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareBasedCompensationAwardTrancheTwoMember" xlink:type="resource" xml:lang="en-US">Share-based Compensation Award, Tranche Two [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationAwardTrancheTwoMember" xlink:title="label: ShareBasedCompensationAwardTrancheTwoMember to label_ShareBasedCompensationAwardTrancheTwoMember" xlink:to="label_ShareBasedCompensationAwardTrancheTwoMember" xlink:type="arc"/>
    <label id="label_ShareBasedCompensationAwardTrancheTwoMember_2" xlink:label="label_ShareBasedCompensationAwardTrancheTwoMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareBasedCompensationAwardTrancheTwoMember" xlink:type="resource" xml:lang="en-US">Tranche - Year 2</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationAwardTrancheTwoMember" xlink:title="label: ShareBasedCompensationAwardTrancheTwoMember to label_ShareBasedCompensationAwardTrancheTwoMember" xlink:to="label_ShareBasedCompensationAwardTrancheTwoMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:label="ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:title="ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:type="locator"/>
    <label id="label_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:label="label_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:type="resource" xml:lang="en-US">Share Based Compensation Shares Authorized Under Stock Option Plans By Exercise Price Range [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:title="label: ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis to label_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:to="label_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:label="ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:title="ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:type="locator"/>
    <label id="label_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:label="label_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:type="resource" xml:lang="en-US">Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:title="label: ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain to label_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:to="label_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="ShareBasedCompensation" xlink:title="ShareBasedCompensation" xlink:type="locator"/>
    <label id="label_ShareBasedCompensation" xlink:label="label_ShareBasedCompensation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareBasedCompensation" xlink:type="resource" xml:lang="en-US">Share based compensation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensation" xlink:title="label: ShareBasedCompensation to label_ShareBasedCompensation" xlink:to="label_ShareBasedCompensation" xlink:type="arc"/>
    <label id="label_ShareBasedCompensation_2" xlink:label="label_ShareBasedCompensation_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareBasedCompensation" xlink:type="resource" xml:lang="en-US">Stock based compensation, value (note 17)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensation" xlink:title="label: ShareBasedCompensation to label_ShareBasedCompensation" xlink:to="label_ShareBasedCompensation_2" xlink:type="arc"/>
    <label id="label_ShareBasedCompensation_3" xlink:label="label_ShareBasedCompensation_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ShareBasedCompensation" xlink:type="resource" xml:lang="en-US">Stock-based compensation expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareBasedCompensation" xlink:title="label: ShareBasedCompensation to label_ShareBasedCompensation" xlink:to="label_ShareBasedCompensation_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SharePrice" xlink:label="SharePrice" xlink:title="SharePrice" xlink:type="locator"/>
    <label id="label_SharePrice_2" xlink:label="label_SharePrice_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharePrice" xlink:type="resource" xml:lang="en-US">Share Price</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharePrice" xlink:title="label: SharePrice to label_SharePrice" xlink:to="label_SharePrice_2" xlink:type="arc"/>
    <label id="label_SharePrice_3" xlink:label="label_SharePrice_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharePrice" xlink:type="resource" xml:lang="en-US">Closing price of the common stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharePrice" xlink:title="label: SharePrice to label_SharePrice" xlink:to="label_SharePrice_3" xlink:type="arc"/>
    <label id="label_SharePrice" xlink:label="label_SharePrice" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_SharePrice" xlink:type="resource" xml:lang="en-US">Price per common unit</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharePrice" xlink:title="label: SharePrice to label_SharePrice" xlink:to="label_SharePrice" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareRepurchaseProgramAxis" xlink:label="ShareRepurchaseProgramAxis" xlink:title="ShareRepurchaseProgramAxis" xlink:type="locator"/>
    <label id="label_ShareRepurchaseProgramAxis" xlink:label="label_ShareRepurchaseProgramAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareRepurchaseProgramAxis" xlink:type="resource" xml:lang="en-US">Share Repurchase Program [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareRepurchaseProgramAxis" xlink:title="label: ShareRepurchaseProgramAxis to label_ShareRepurchaseProgramAxis" xlink:to="label_ShareRepurchaseProgramAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareRepurchaseProgramDomain" xlink:label="ShareRepurchaseProgramDomain" xlink:title="ShareRepurchaseProgramDomain" xlink:type="locator"/>
    <label id="label_ShareRepurchaseProgramDomain" xlink:label="label_ShareRepurchaseProgramDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareRepurchaseProgramDomain" xlink:type="resource" xml:lang="en-US">Share Repurchase Program [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareRepurchaseProgramDomain" xlink:title="label: ShareRepurchaseProgramDomain to label_ShareRepurchaseProgramDomain" xlink:to="label_ShareRepurchaseProgramDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage" xlink:label="SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage" xlink:title="SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage" xlink:type="locator"/>
    <label id="label_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage" xlink:label="label_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage" xlink:title="label: SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage to label_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage" xlink:to="label_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage" xlink:type="arc"/>
    <label id="label_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_2" xlink:label="label_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage" xlink:type="resource" xml:lang="en-US">Percentage of vesting of the service conditions options, per each year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage" xlink:title="label: SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage to label_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage" xlink:to="label_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:label="SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:title="SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:type="locator"/>
    <label id="label_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:label="label_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:title="label: SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod to label_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:to="label_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:type="arc"/>
    <label id="label_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_2" xlink:label="label_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:type="resource" xml:lang="en-US">Contractual term of the award</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:label="SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:title="SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:type="locator"/>
    <label id="label_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:label="label_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:type="resource" xml:lang="en-US">Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:title="label: SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 to label_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:to="label_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:type="arc"/>
    <label id="label_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_2" xlink:label="label_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:type="resource" xml:lang="en-US">Years to maturity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:title="label: SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 to label_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:to="label_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:label="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:title="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:type="locator"/>
    <label id="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:label="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:type="resource" xml:lang="en-US">Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:title="label: SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2 to label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:to="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:type="arc"/>
    <label id="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_2" xlink:label="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:type="resource" xml:lang="en-US">Weighted average remaining term</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:title="label: SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2 to label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:to="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_2" xlink:type="arc"/>
    <label id="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_3" xlink:label="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:type="resource" xml:lang="en-US">Weighted average time to vest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:title="label: SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2 to label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:to="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:label="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:title="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:type="locator"/>
    <label id="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:label="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:type="resource" xml:lang="en-US">Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:title="label: SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1 to label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:to="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:type="arc"/>
    <label id="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1_2" xlink:label="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:type="resource" xml:lang="en-US">Non vested stock option remaining contractual term</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:title="label: SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1 to label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:to="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" xlink:label="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" xlink:title="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" xlink:type="locator"/>
    <label id="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" xlink:label="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" xlink:title="label: SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares to label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" xlink:to="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" xlink:type="arc"/>
    <label id="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_2" xlink:label="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" xlink:type="resource" xml:lang="en-US">Vested, shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" xlink:title="label: SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares to label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" xlink:to="label_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SharesIssuedPricePerShare" xlink:label="SharesIssuedPricePerShare" xlink:title="SharesIssuedPricePerShare" xlink:type="locator"/>
    <label id="label_SharesIssuedPricePerShare" xlink:label="label_SharesIssuedPricePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharesIssuedPricePerShare" xlink:type="resource" xml:lang="en-US">Shares Issued Price Per Share</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesIssuedPricePerShare" xlink:title="label: SharesIssuedPricePerShare to label_SharesIssuedPricePerShare" xlink:to="label_SharesIssuedPricePerShare" xlink:type="arc"/>
    <label id="label_SharesIssuedPricePerShare_2" xlink:label="label_SharesIssuedPricePerShare_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharesIssuedPricePerShare" xlink:type="resource" xml:lang="en-US">Price per unit</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesIssuedPricePerShare" xlink:title="label: SharesIssuedPricePerShare to label_SharesIssuedPricePerShare" xlink:to="label_SharesIssuedPricePerShare_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SharesIssued" xlink:label="SharesIssued" xlink:title="SharesIssued" xlink:type="locator"/>
    <label id="label_SharesIssued" xlink:label="label_SharesIssued" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_SharesIssued" xlink:type="resource" xml:lang="en-US">Balance, shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesIssued" xlink:title="label: SharesIssued to label_SharesIssued" xlink:to="label_SharesIssued" xlink:type="arc"/>
    <label id="label_SharesIssued_2" xlink:label="label_SharesIssued_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_SharesIssued" xlink:type="resource" xml:lang="en-US">Balance, shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesIssued" xlink:title="label: SharesIssued to label_SharesIssued" xlink:to="label_SharesIssued_2" xlink:type="arc"/>
    <label id="label_SharesIssued_3" xlink:label="label_SharesIssued_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharesIssued" xlink:type="resource" xml:lang="en-US">Shares Issued</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesIssued" xlink:title="label: SharesIssued to label_SharesIssued" xlink:to="label_SharesIssued_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock" xlink:label="SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock" xlink:title="SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock" xlink:type="locator"/>
    <label id="label_SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock" xlink:label="label_SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock" xlink:title="label: SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock to label_SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock" xlink:to="label_SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock" xlink:type="arc"/>
    <label id="label_SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock_2" xlink:label="label_SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock" xlink:title="label: SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock to label_SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock" xlink:to="label_SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtMember" xlink:label="ShortTermDebtMember" xlink:title="ShortTermDebtMember" xlink:type="locator"/>
    <label id="label_ShortTermDebtMember" xlink:label="label_ShortTermDebtMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShortTermDebtMember" xlink:type="resource" xml:lang="en-US">Short Term Debt [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShortTermDebtMember" xlink:title="label: ShortTermDebtMember to label_ShortTermDebtMember" xlink:to="label_ShortTermDebtMember" xlink:type="arc"/>
    <label id="label_ShortTermDebtMember_2" xlink:label="label_ShortTermDebtMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShortTermDebtMember" xlink:type="resource" xml:lang="en-US">Short Term debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShortTermDebtMember" xlink:title="label: ShortTermDebtMember to label_ShortTermDebtMember" xlink:to="label_ShortTermDebtMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeAxis" xlink:label="ShortTermDebtTypeAxis" xlink:title="ShortTermDebtTypeAxis" xlink:type="locator"/>
    <label id="label_ShortTermDebtTypeAxis" xlink:label="label_ShortTermDebtTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShortTermDebtTypeAxis" xlink:type="resource" xml:lang="en-US">Short-term Debt, Type [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShortTermDebtTypeAxis" xlink:title="label: ShortTermDebtTypeAxis to label_ShortTermDebtTypeAxis" xlink:to="label_ShortTermDebtTypeAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeDomain" xlink:label="ShortTermDebtTypeDomain" xlink:title="ShortTermDebtTypeDomain" xlink:type="locator"/>
    <label id="label_ShortTermDebtTypeDomain" xlink:label="label_ShortTermDebtTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShortTermDebtTypeDomain" xlink:type="resource" xml:lang="en-US">Short-term Debt, Type [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShortTermDebtTypeDomain" xlink:title="label: ShortTermDebtTypeDomain to label_ShortTermDebtTypeDomain" xlink:to="label_ShortTermDebtTypeDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="SignificantAccountingPoliciesTextBlock" xlink:title="SignificantAccountingPoliciesTextBlock" xlink:type="locator"/>
    <label id="label_SignificantAccountingPoliciesTextBlock" xlink:label="label_SignificantAccountingPoliciesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SignificantAccountingPoliciesTextBlock" xlink:type="resource" xml:lang="en-US">Significant Accounting Policies [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantAccountingPoliciesTextBlock" xlink:title="label: SignificantAccountingPoliciesTextBlock to label_SignificantAccountingPoliciesTextBlock" xlink:to="label_SignificantAccountingPoliciesTextBlock" xlink:type="arc"/>
    <label id="label_SignificantAccountingPoliciesTextBlock_2" xlink:label="label_SignificantAccountingPoliciesTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SignificantAccountingPoliciesTextBlock" xlink:type="resource" xml:lang="en-US">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantAccountingPoliciesTextBlock" xlink:title="label: SignificantAccountingPoliciesTextBlock to label_SignificantAccountingPoliciesTextBlock" xlink:to="label_SignificantAccountingPoliciesTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="StatementBusinessSegmentsAxis" xlink:title="StatementBusinessSegmentsAxis" xlink:type="locator"/>
    <label id="label_StatementBusinessSegmentsAxis" xlink:label="label_StatementBusinessSegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementBusinessSegmentsAxis" xlink:type="resource" xml:lang="en-US">Statement Business Segments [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementBusinessSegmentsAxis" xlink:title="label: StatementBusinessSegmentsAxis to label_StatementBusinessSegmentsAxis" xlink:to="label_StatementBusinessSegmentsAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="StatementClassOfStockAxis" xlink:title="StatementClassOfStockAxis" xlink:type="locator"/>
    <label id="label_StatementClassOfStockAxis" xlink:label="label_StatementClassOfStockAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementClassOfStockAxis" xlink:type="resource" xml:lang="en-US">Class of Stock [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementClassOfStockAxis" xlink:title="label: StatementClassOfStockAxis to label_StatementClassOfStockAxis" xlink:to="label_StatementClassOfStockAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="StatementEquityComponentsAxis" xlink:title="StatementEquityComponentsAxis" xlink:type="locator"/>
    <label id="label_StatementEquityComponentsAxis" xlink:label="label_StatementEquityComponentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementEquityComponentsAxis" xlink:type="resource" xml:lang="en-US">Statement Equity Components [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementEquityComponentsAxis" xlink:title="label: StatementEquityComponentsAxis to label_StatementEquityComponentsAxis" xlink:to="label_StatementEquityComponentsAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="StatementLineItems" xlink:title="StatementLineItems" xlink:type="locator"/>
    <label id="label_StatementLineItems" xlink:label="label_StatementLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementLineItems" xlink:type="resource" xml:lang="en-US">Statement [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementLineItems" xlink:title="label: StatementLineItems to label_StatementLineItems" xlink:to="label_StatementLineItems" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="StatementOfCashFlowsAbstract" xlink:title="StatementOfCashFlowsAbstract" xlink:type="locator"/>
    <label id="label_StatementOfCashFlowsAbstract" xlink:label="label_StatementOfCashFlowsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfCashFlowsAbstract" xlink:type="resource" xml:lang="en-US">CONSOLIDATED STATEMENTS OF CASH FLOWS [Abstract]</label>
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    <label id="label_StatementOfFinancialPositionAbstract" xlink:label="label_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfFinancialPositionAbstract" xlink:type="resource" xml:lang="en-US">CONSOLIDATED BALANCE SHEETS [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfFinancialPositionAbstract" xlink:title="label: StatementOfFinancialPositionAbstract to label_StatementOfFinancialPositionAbstract" xlink:to="label_StatementOfFinancialPositionAbstract" xlink:type="arc"/>
    <label id="label_StatementOfFinancialPositionAbstract_2" xlink:label="label_StatementOfFinancialPositionAbstract_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_StatementOfFinancialPositionAbstract" xlink:type="resource" xml:lang="en-US">Balance sheet</label>
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    <label id="label_StatementOfStockholdersEquityAbstract" xlink:label="label_StatementOfStockholdersEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfStockholdersEquityAbstract" xlink:type="resource" xml:lang="en-US">CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfStockholdersEquityAbstract" xlink:title="label: StatementOfStockholdersEquityAbstract to label_StatementOfStockholdersEquityAbstract" xlink:to="label_StatementOfStockholdersEquityAbstract" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="StatementTable" xlink:title="StatementTable" xlink:type="locator"/>
    <label id="label_StatementTable" xlink:label="label_StatementTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementTable" xlink:type="resource" xml:lang="en-US">Statement [Table]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementTable" xlink:title="label: StatementTable to label_StatementTable" xlink:to="label_StatementTable" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockCompensationPlanMember" xlink:label="StockCompensationPlanMember" xlink:title="StockCompensationPlanMember" xlink:type="locator"/>
    <label id="label_StockCompensationPlanMember" xlink:label="label_StockCompensationPlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockCompensationPlanMember" xlink:type="resource" xml:lang="en-US">Stock Compensation Plan [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockCompensationPlanMember" xlink:title="label: StockCompensationPlanMember to label_StockCompensationPlanMember" xlink:to="label_StockCompensationPlanMember" xlink:type="arc"/>
    <label id="label_StockCompensationPlanMember_2" xlink:label="label_StockCompensationPlanMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockCompensationPlanMember" xlink:type="resource" xml:lang="en-US">Restricted share unit awards</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockCompensationPlanMember" xlink:title="label: StockCompensationPlanMember to label_StockCompensationPlanMember" xlink:to="label_StockCompensationPlanMember_2" xlink:type="arc"/>
    <label id="label_StockCompensationPlanMember_3" xlink:label="label_StockCompensationPlanMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_StockCompensationPlanMember" xlink:type="resource" xml:lang="en-US">Stock-Based Compensation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockCompensationPlanMember" xlink:title="label: StockCompensationPlanMember to label_StockCompensationPlanMember" xlink:to="label_StockCompensationPlanMember_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesAcquisitions" xlink:label="StockIssuedDuringPeriodSharesAcquisitions" xlink:title="StockIssuedDuringPeriodSharesAcquisitions" xlink:type="locator"/>
    <label id="label_StockIssuedDuringPeriodSharesAcquisitions" xlink:label="label_StockIssuedDuringPeriodSharesAcquisitions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodSharesAcquisitions" xlink:type="resource" xml:lang="en-US">Stock acquired during period</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesAcquisitions" xlink:title="label: StockIssuedDuringPeriodSharesAcquisitions to label_StockIssuedDuringPeriodSharesAcquisitions" xlink:to="label_StockIssuedDuringPeriodSharesAcquisitions" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:label="StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:title="StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:type="locator"/>
    <label id="label_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:label="label_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:type="resource" xml:lang="en-US">Conversion of Preferred Stock, Shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:title="label: StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities to label_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:to="label_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_2" xlink:label="label_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:type="resource" xml:lang="en-US">Conversion of Preferred Stock, Number of Shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:title="label: StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities to label_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:to="label_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="StockIssuedDuringPeriodSharesNewIssues" xlink:title="StockIssuedDuringPeriodSharesNewIssues" xlink:type="locator"/>
    <label id="label_StockIssuedDuringPeriodSharesNewIssues" xlink:label="label_StockIssuedDuringPeriodSharesNewIssues" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodSharesNewIssues" xlink:type="resource" xml:lang="en-US">Stock Issued During Period Shares New Issues</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesNewIssues" xlink:title="label: StockIssuedDuringPeriodSharesNewIssues to label_StockIssuedDuringPeriodSharesNewIssues" xlink:to="label_StockIssuedDuringPeriodSharesNewIssues" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodSharesNewIssues_2" xlink:label="label_StockIssuedDuringPeriodSharesNewIssues_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssuedDuringPeriodSharesNewIssues" xlink:type="resource" xml:lang="en-US">Number of shares issued-common stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesNewIssues" xlink:title="label: StockIssuedDuringPeriodSharesNewIssues to label_StockIssuedDuringPeriodSharesNewIssues" xlink:to="label_StockIssuedDuringPeriodSharesNewIssues_2" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodSharesNewIssues_3" xlink:label="label_StockIssuedDuringPeriodSharesNewIssues_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_StockIssuedDuringPeriodSharesNewIssues" xlink:type="resource" xml:lang="en-US">Issuance of common stock (Note 17), shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesNewIssues" xlink:title="label: StockIssuedDuringPeriodSharesNewIssues to label_StockIssuedDuringPeriodSharesNewIssues" xlink:to="label_StockIssuedDuringPeriodSharesNewIssues_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesOther" xlink:label="StockIssuedDuringPeriodSharesOther" xlink:title="StockIssuedDuringPeriodSharesOther" xlink:type="locator"/>
    <label id="label_StockIssuedDuringPeriodSharesOther_2" xlink:label="label_StockIssuedDuringPeriodSharesOther" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodSharesOther" xlink:type="resource" xml:lang="en-US">Stock Issued During Period, Shares, Other</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesOther" xlink:title="label: StockIssuedDuringPeriodSharesOther to label_StockIssuedDuringPeriodSharesOther" xlink:to="label_StockIssuedDuringPeriodSharesOther" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodSharesOther" xlink:label="label_StockIssuedDuringPeriodSharesOther_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssuedDuringPeriodSharesOther" xlink:type="resource" xml:lang="en-US">Tender Offer - redemption of preferred stock (Note 17), shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesOther" xlink:title="label: StockIssuedDuringPeriodSharesOther to label_StockIssuedDuringPeriodSharesOther" xlink:to="label_StockIssuedDuringPeriodSharesOther_2" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodSharesOther_3" xlink:label="label_StockIssuedDuringPeriodSharesOther_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_StockIssuedDuringPeriodSharesOther" xlink:type="resource" xml:lang="en-US">Tender offer, stocks</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesOther" xlink:title="label: StockIssuedDuringPeriodSharesOther to label_StockIssuedDuringPeriodSharesOther" xlink:to="label_StockIssuedDuringPeriodSharesOther_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesPurchaseOfAssets" xlink:label="StockIssuedDuringPeriodSharesPurchaseOfAssets" xlink:title="StockIssuedDuringPeriodSharesPurchaseOfAssets" xlink:type="locator"/>
    <label id="label_StockIssuedDuringPeriodSharesPurchaseOfAssets" xlink:label="label_StockIssuedDuringPeriodSharesPurchaseOfAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodSharesPurchaseOfAssets" xlink:type="resource" xml:lang="en-US">StockIssued During Period Shares Purchase Of Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesPurchaseOfAssets" xlink:title="label: StockIssuedDuringPeriodSharesPurchaseOfAssets to label_StockIssuedDuringPeriodSharesPurchaseOfAssets" xlink:to="label_StockIssuedDuringPeriodSharesPurchaseOfAssets" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodSharesPurchaseOfAssets_2" xlink:label="label_StockIssuedDuringPeriodSharesPurchaseOfAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssuedDuringPeriodSharesPurchaseOfAssets" xlink:type="resource" xml:lang="en-US">Issuance of preferred shares to finance purchase of vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesPurchaseOfAssets" xlink:title="label: StockIssuedDuringPeriodSharesPurchaseOfAssets to label_StockIssuedDuringPeriodSharesPurchaseOfAssets" xlink:to="label_StockIssuedDuringPeriodSharesPurchaseOfAssets_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensationForfeited" xlink:label="StockIssuedDuringPeriodSharesShareBasedCompensationForfeited" xlink:title="StockIssuedDuringPeriodSharesShareBasedCompensationForfeited" xlink:type="locator"/>
    <label id="label_StockIssuedDuringPeriodSharesShareBasedCompensationForfeited" xlink:label="label_StockIssuedDuringPeriodSharesShareBasedCompensationForfeited" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodSharesShareBasedCompensationForfeited" xlink:type="resource" xml:lang="en-US">Stock Issued During Period Shares Share Based Compensation Forfeited</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesShareBasedCompensationForfeited" xlink:title="label: StockIssuedDuringPeriodSharesShareBasedCompensationForfeited to label_StockIssuedDuringPeriodSharesShareBasedCompensationForfeited" xlink:to="label_StockIssuedDuringPeriodSharesShareBasedCompensationForfeited" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodSharesShareBasedCompensationForfeited_2" xlink:label="label_StockIssuedDuringPeriodSharesShareBasedCompensationForfeited_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssuedDuringPeriodSharesShareBasedCompensationForfeited" xlink:type="resource" xml:lang="en-US">Forfeited restricted shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesShareBasedCompensationForfeited" xlink:title="label: StockIssuedDuringPeriodSharesShareBasedCompensationForfeited to label_StockIssuedDuringPeriodSharesShareBasedCompensationForfeited" xlink:to="label_StockIssuedDuringPeriodSharesShareBasedCompensationForfeited_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:label="StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:title="StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:type="locator"/>
    <label id="label_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:label="label_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:type="resource" xml:lang="en-US">Stock Issued During Period Shares Share Based Compensation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:title="label: StockIssuedDuringPeriodSharesShareBasedCompensation to label_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:to="label_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodSharesShareBasedCompensation_2" xlink:label="label_StockIssuedDuringPeriodSharesShareBasedCompensation_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:type="resource" xml:lang="en-US">Stock-based compensation expenses (Note 17), shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:title="label: StockIssuedDuringPeriodSharesShareBasedCompensation to label_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:to="label_StockIssuedDuringPeriodSharesShareBasedCompensation_2" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodSharesShareBasedCompensation_3" xlink:label="label_StockIssuedDuringPeriodSharesShareBasedCompensation_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:type="resource" xml:lang="en-US">Number of common stock issued to employees</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:title="label: StockIssuedDuringPeriodSharesShareBasedCompensation to label_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:to="label_StockIssuedDuringPeriodSharesShareBasedCompensation_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:title="StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:type="locator"/>
    <label id="label_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="label_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:type="resource" xml:lang="en-US">Stock Issued During Period Shares Stock Options Exercised</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:title="label: StockIssuedDuringPeriodSharesStockOptionsExercised to label_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:to="label_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodSharesStockOptionsExercised_2" xlink:label="label_StockIssuedDuringPeriodSharesStockOptionsExercised_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:type="resource" xml:lang="en-US">Exercised, shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:title="label: StockIssuedDuringPeriodSharesStockOptionsExercised to label_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:to="label_StockIssuedDuringPeriodSharesStockOptionsExercised_2" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodSharesStockOptionsExercised_3" xlink:label="label_StockIssuedDuringPeriodSharesStockOptionsExercised_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:type="resource" xml:lang="en-US">Exercised number of shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:title="label: StockIssuedDuringPeriodSharesStockOptionsExercised to label_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:to="label_StockIssuedDuringPeriodSharesStockOptionsExercised_3" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodSharesStockOptionsExercised_4" xlink:label="label_StockIssuedDuringPeriodSharesStockOptionsExercised_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:type="resource" xml:lang="en-US">Exercised number of shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:title="label: StockIssuedDuringPeriodSharesStockOptionsExercised to label_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:to="label_StockIssuedDuringPeriodSharesStockOptionsExercised_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:label="StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:title="StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:type="locator"/>
    <label id="label_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:label="label_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:type="resource" xml:lang="en-US">Conversion of Preferred Stock, Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:title="label: StockIssuedDuringPeriodValueConversionOfConvertibleSecurities to label_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:to="label_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities_2" xlink:label="label_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:type="resource" xml:lang="en-US">Conversion of Preferred Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:title="label: StockIssuedDuringPeriodValueConversionOfConvertibleSecurities to label_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:to="label_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:label="StockIssuedDuringPeriodValueNewIssues" xlink:title="StockIssuedDuringPeriodValueNewIssues" xlink:type="locator"/>
    <label id="label_StockIssuedDuringPeriodValueNewIssues" xlink:label="label_StockIssuedDuringPeriodValueNewIssues" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodValueNewIssues" xlink:type="resource" xml:lang="en-US">Stock Issued During Period Value New Issues</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueNewIssues" xlink:title="label: StockIssuedDuringPeriodValueNewIssues to label_StockIssuedDuringPeriodValueNewIssues" xlink:to="label_StockIssuedDuringPeriodValueNewIssues" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodValueNewIssues_2" xlink:label="label_StockIssuedDuringPeriodValueNewIssues_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssuedDuringPeriodValueNewIssues" xlink:type="resource" xml:lang="en-US">Issuance of preferred stock, net of expenses (Note 16), values</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueNewIssues" xlink:title="label: StockIssuedDuringPeriodValueNewIssues to label_StockIssuedDuringPeriodValueNewIssues" xlink:to="label_StockIssuedDuringPeriodValueNewIssues_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueOther" xlink:label="StockIssuedDuringPeriodValueOther" xlink:title="StockIssuedDuringPeriodValueOther" xlink:type="locator"/>
    <label id="label_StockIssuedDuringPeriodValueOther" xlink:label="label_StockIssuedDuringPeriodValueOther" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodValueOther" xlink:type="resource" xml:lang="en-US">Stock Issued During Period, Value, Other</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueOther" xlink:title="label: StockIssuedDuringPeriodValueOther to label_StockIssuedDuringPeriodValueOther" xlink:to="label_StockIssuedDuringPeriodValueOther" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodValueOther_2" xlink:label="label_StockIssuedDuringPeriodValueOther_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssuedDuringPeriodValueOther" xlink:type="resource" xml:lang="en-US">Tender Offer - Redemption of preferred stock (Note 16), value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueOther" xlink:title="label: StockIssuedDuringPeriodValueOther to label_StockIssuedDuringPeriodValueOther" xlink:to="label_StockIssuedDuringPeriodValueOther_2" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodValueOther_3" xlink:label="label_StockIssuedDuringPeriodValueOther_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_StockIssuedDuringPeriodValueOther" xlink:type="resource" xml:lang="en-US">Aggregate amount of tender offer</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueOther" xlink:title="label: StockIssuedDuringPeriodValueOther to label_StockIssuedDuringPeriodValueOther" xlink:to="label_StockIssuedDuringPeriodValueOther_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense" xlink:label="StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense" xlink:title="StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense" xlink:type="locator"/>
    <label id="label_StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense" xlink:label="label_StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense" xlink:type="resource" xml:lang="en-US">Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense" xlink:title="label: StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense to label_StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense" xlink:to="label_StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense_2" xlink:label="label_StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense" xlink:type="resource" xml:lang="en-US">Total amount of shares issued</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense" xlink:title="label: StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense to label_StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense" xlink:to="label_StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockRedeemedOrCalledDuringPeriodShares" xlink:label="StockRedeemedOrCalledDuringPeriodShares" xlink:title="StockRedeemedOrCalledDuringPeriodShares" xlink:type="locator"/>
    <label id="label_StockRedeemedOrCalledDuringPeriodShares_2" xlink:label="label_StockRedeemedOrCalledDuringPeriodShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockRedeemedOrCalledDuringPeriodShares" xlink:type="resource" xml:lang="en-US">Stock Redeemed Or Called During Period Shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRedeemedOrCalledDuringPeriodShares" xlink:title="label: StockRedeemedOrCalledDuringPeriodShares to label_StockRedeemedOrCalledDuringPeriodShares" xlink:to="label_StockRedeemedOrCalledDuringPeriodShares" xlink:type="arc"/>
    <label id="label_StockRedeemedOrCalledDuringPeriodShares" xlink:label="label_StockRedeemedOrCalledDuringPeriodShares_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockRedeemedOrCalledDuringPeriodShares" xlink:type="resource" xml:lang="en-US">Number of shares issued for the exchange offer</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRedeemedOrCalledDuringPeriodShares" xlink:title="label: StockRedeemedOrCalledDuringPeriodShares to label_StockRedeemedOrCalledDuringPeriodShares" xlink:to="label_StockRedeemedOrCalledDuringPeriodShares_2" xlink:type="arc"/>
    <label id="label_StockRedeemedOrCalledDuringPeriodShares_3" xlink:label="label_StockRedeemedOrCalledDuringPeriodShares_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_StockRedeemedOrCalledDuringPeriodShares" xlink:type="resource" xml:lang="en-US">Tender Offer - redemption of preferred stock (Note 17), shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRedeemedOrCalledDuringPeriodShares" xlink:title="label: StockRedeemedOrCalledDuringPeriodShares to label_StockRedeemedOrCalledDuringPeriodShares" xlink:to="label_StockRedeemedOrCalledDuringPeriodShares_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockRedeemedOrCalledDuringPeriodValue" xlink:label="StockRedeemedOrCalledDuringPeriodValue" xlink:title="StockRedeemedOrCalledDuringPeriodValue" xlink:type="locator"/>
    <label id="label_StockRedeemedOrCalledDuringPeriodValue_4" xlink:label="label_StockRedeemedOrCalledDuringPeriodValue" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_StockRedeemedOrCalledDuringPeriodValue" xlink:type="resource" xml:lang="en-US">Tender Offer Redemption of preferred stock Series G and H</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRedeemedOrCalledDuringPeriodValue" xlink:title="label: StockRedeemedOrCalledDuringPeriodValue to label_StockRedeemedOrCalledDuringPeriodValue" xlink:to="label_StockRedeemedOrCalledDuringPeriodValue" xlink:type="arc"/>
    <label id="label_StockRedeemedOrCalledDuringPeriodValue" xlink:label="label_StockRedeemedOrCalledDuringPeriodValue_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockRedeemedOrCalledDuringPeriodValue" xlink:type="resource" xml:lang="en-US">Stock Redeemed or Called During Period, Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRedeemedOrCalledDuringPeriodValue" xlink:title="label: StockRedeemedOrCalledDuringPeriodValue to label_StockRedeemedOrCalledDuringPeriodValue" xlink:to="label_StockRedeemedOrCalledDuringPeriodValue_2" xlink:type="arc"/>
    <label id="label_StockRedeemedOrCalledDuringPeriodValue_2" xlink:label="label_StockRedeemedOrCalledDuringPeriodValue_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockRedeemedOrCalledDuringPeriodValue" xlink:type="resource" xml:lang="en-US">Tender Offer - redemption of preferred stock (Note 17), value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRedeemedOrCalledDuringPeriodValue" xlink:title="label: StockRedeemedOrCalledDuringPeriodValue to label_StockRedeemedOrCalledDuringPeriodValue" xlink:to="label_StockRedeemedOrCalledDuringPeriodValue_3" xlink:type="arc"/>
    <label id="label_StockRedeemedOrCalledDuringPeriodValue_3" xlink:label="label_StockRedeemedOrCalledDuringPeriodValue_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_StockRedeemedOrCalledDuringPeriodValue" xlink:type="resource" xml:lang="en-US">Gain/ (Loss) from stock redemption recognized in Retained Earnings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRedeemedOrCalledDuringPeriodValue" xlink:title="label: StockRedeemedOrCalledDuringPeriodValue to label_StockRedeemedOrCalledDuringPeriodValue" xlink:to="label_StockRedeemedOrCalledDuringPeriodValue_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:label="StockRepurchaseProgramAuthorizedAmount1" xlink:title="StockRepurchaseProgramAuthorizedAmount1" xlink:type="locator"/>
    <label id="label_StockRepurchaseProgramAuthorizedAmount1" xlink:label="label_StockRepurchaseProgramAuthorizedAmount1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockRepurchaseProgramAuthorizedAmount1" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program Authorized Amount 1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRepurchaseProgramAuthorizedAmount1" xlink:title="label: StockRepurchaseProgramAuthorizedAmount1 to label_StockRepurchaseProgramAuthorizedAmount1" xlink:to="label_StockRepurchaseProgramAuthorizedAmount1" xlink:type="arc"/>
    <label id="label_StockRepurchaseProgramAuthorizedAmount1_2" xlink:label="label_StockRepurchaseProgramAuthorizedAmount1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockRepurchaseProgramAuthorizedAmount1" xlink:type="resource" xml:lang="en-US">Share repurchase program, Authorized amount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRepurchaseProgramAuthorizedAmount1" xlink:title="label: StockRepurchaseProgramAuthorizedAmount1 to label_StockRepurchaseProgramAuthorizedAmount1" xlink:to="label_StockRepurchaseProgramAuthorizedAmount1_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockRepurchasedAndRetiredDuringPeriodShares" xlink:label="StockRepurchasedAndRetiredDuringPeriodShares" xlink:title="StockRepurchasedAndRetiredDuringPeriodShares" xlink:type="locator"/>
    <label id="label_StockRepurchasedAndRetiredDuringPeriodShares" xlink:label="label_StockRepurchasedAndRetiredDuringPeriodShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockRepurchasedAndRetiredDuringPeriodShares" xlink:type="resource" xml:lang="en-US">Stock Repurchased And Retired During Period Shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRepurchasedAndRetiredDuringPeriodShares" xlink:title="label: StockRepurchasedAndRetiredDuringPeriodShares to label_StockRepurchasedAndRetiredDuringPeriodShares" xlink:to="label_StockRepurchasedAndRetiredDuringPeriodShares" xlink:type="arc"/>
    <label id="label_StockRepurchasedAndRetiredDuringPeriodShares_2" xlink:label="label_StockRepurchasedAndRetiredDuringPeriodShares_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_StockRepurchasedAndRetiredDuringPeriodShares" xlink:type="resource" xml:lang="en-US">Shares returned to the company</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRepurchasedAndRetiredDuringPeriodShares" xlink:title="label: StockRepurchasedAndRetiredDuringPeriodShares to label_StockRepurchasedAndRetiredDuringPeriodShares" xlink:to="label_StockRepurchasedAndRetiredDuringPeriodShares_2" xlink:type="arc"/>
    <label id="label_StockRepurchasedAndRetiredDuringPeriodShares_3" xlink:label="label_StockRepurchasedAndRetiredDuringPeriodShares_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_StockRepurchasedAndRetiredDuringPeriodShares" xlink:type="resource" xml:lang="en-US">Cancellation of shares (Note 17), shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRepurchasedAndRetiredDuringPeriodShares" xlink:title="label: StockRepurchasedAndRetiredDuringPeriodShares to label_StockRepurchasedAndRetiredDuringPeriodShares" xlink:to="label_StockRepurchasedAndRetiredDuringPeriodShares_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="StockholdersEquityAbstract" xlink:title="StockholdersEquityAbstract" xlink:type="locator"/>
    <label id="label_StockholdersEquityAbstract" xlink:label="label_StockholdersEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockholdersEquityAbstract" xlink:type="resource" xml:lang="en-US">Stockholders' equity [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityAbstract" xlink:title="label: StockholdersEquityAbstract to label_StockholdersEquityAbstract" xlink:to="label_StockholdersEquityAbstract" xlink:type="arc"/>
    <label id="label_StockholdersEquityAbstract_2" xlink:label="label_StockholdersEquityAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockholdersEquityAbstract" xlink:type="resource" xml:lang="en-US">Stockholders' equity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityAbstract" xlink:title="label: StockholdersEquityAbstract to label_StockholdersEquityAbstract" xlink:to="label_StockholdersEquityAbstract_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:title="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:type="locator"/>
    <label id="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:type="resource" xml:lang="en-US">Balance, value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:title="label: StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest to label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:type="arc"/>
    <label id="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_2" xlink:label="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:type="resource" xml:lang="en-US">Balance, value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:title="label: StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest to label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_2" xlink:type="arc"/>
    <label id="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_3" xlink:label="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:type="resource" xml:lang="en-US">Stockholders Equity Including Portion Attributable To Noncontrolling Interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:title="label: StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest to label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_3" xlink:type="arc"/>
    <label id="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_4" xlink:label="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:type="resource" xml:lang="en-US">Total stockholders&#x2019; (deficit)/ equity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:title="label: StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest to label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="StockholdersEquityNoteDisclosureTextBlock" xlink:title="StockholdersEquityNoteDisclosureTextBlock" xlink:type="locator"/>
    <label id="label_StockholdersEquityNoteDisclosureTextBlock" xlink:label="label_StockholdersEquityNoteDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockholdersEquityNoteDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">Stockholders Equity Note Disclosure [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityNoteDisclosureTextBlock" xlink:title="label: StockholdersEquityNoteDisclosureTextBlock to label_StockholdersEquityNoteDisclosureTextBlock" xlink:to="label_StockholdersEquityNoteDisclosureTextBlock" xlink:type="arc"/>
    <label id="label_StockholdersEquityNoteDisclosureTextBlock_2" xlink:label="label_StockholdersEquityNoteDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockholdersEquityNoteDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">PREFERRED AND COMMON STOCK</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityNoteDisclosureTextBlock" xlink:title="label: StockholdersEquityNoteDisclosureTextBlock to label_StockholdersEquityNoteDisclosureTextBlock" xlink:to="label_StockholdersEquityNoteDisclosureTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy" xlink:label="StockholdersEquityNoteRedeemablePreferredStockIssuePolicy" xlink:title="StockholdersEquityNoteRedeemablePreferredStockIssuePolicy" xlink:type="locator"/>
    <label id="label_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy" xlink:label="label_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy" xlink:type="resource" xml:lang="en-US">Stockholders Equity Note Redeemable Preferred Stock Issue [Policy]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityNoteRedeemablePreferredStockIssuePolicy" xlink:title="label: StockholdersEquityNoteRedeemablePreferredStockIssuePolicy to label_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy" xlink:to="label_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy" xlink:type="arc"/>
    <label id="label_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy_2" xlink:label="label_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy" xlink:type="resource" xml:lang="en-US">Cumulative Redeemable Perpetual Preferred Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityNoteRedeemablePreferredStockIssuePolicy" xlink:title="label: StockholdersEquityNoteRedeemablePreferredStockIssuePolicy to label_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy" xlink:to="label_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="StockholdersEquity" xlink:title="StockholdersEquity" xlink:type="locator"/>
    <label id="label_StockholdersEquity" xlink:label="label_StockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockholdersEquity" xlink:type="resource" xml:lang="en-US">Navios Holdings' stockholders' equity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquity" xlink:title="label: StockholdersEquity to label_StockholdersEquity" xlink:to="label_StockholdersEquity" xlink:type="arc"/>
    <label id="label_StockholdersEquity_2" xlink:label="label_StockholdersEquity_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockholdersEquity" xlink:type="resource" xml:lang="en-US">Total Navios Holdings stockholders' equity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquity" xlink:title="label: StockholdersEquity to label_StockholdersEquity" xlink:to="label_StockholdersEquity_2" xlink:type="arc"/>
    <label id="label_StockholdersEquity_3" xlink:label="label_StockholdersEquity_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_StockholdersEquity" xlink:type="resource" xml:lang="en-US">Total Navios Holdings stockholders&#x2019; (deficit)/ equity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquity" xlink:title="label: StockholdersEquity to label_StockholdersEquity" xlink:to="label_StockholdersEquity_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SubordinatedDebtMember" xlink:label="SubordinatedDebtMember" xlink:title="SubordinatedDebtMember" xlink:type="locator"/>
    <label id="label_SubordinatedDebtMember" xlink:label="label_SubordinatedDebtMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubordinatedDebtMember" xlink:type="resource" xml:lang="en-US">Subordinated Debt [Member]</label>
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    <label id="label_SubordinatedDebtMember_2" xlink:label="label_SubordinatedDebtMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SubordinatedDebtMember" xlink:type="resource" xml:lang="en-US">Subordinated Debt</label>
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    <label id="label_SubsequentEventLineItems" xlink:label="label_SubsequentEventLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsequentEventLineItems" xlink:type="resource" xml:lang="en-US">Subsequent Event [Line Items]</label>
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    <label id="label_SubsequentEventMember" xlink:label="label_SubsequentEventMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsequentEventMember" xlink:type="resource" xml:lang="en-US">Subsequent Event [Member]</label>
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    <label id="label_SubsequentEventTypeAxis" xlink:label="label_SubsequentEventTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsequentEventTypeAxis" xlink:type="resource" xml:lang="en-US">Subsequent Event Type [Axis]</label>
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    <label id="label_SubsequentEventTypeDomain" xlink:label="label_SubsequentEventTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsequentEventTypeDomain" xlink:type="resource" xml:lang="en-US">Subsequent Event Type [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsequentEventTypeDomain" xlink:title="label: SubsequentEventTypeDomain to label_SubsequentEventTypeDomain" xlink:to="label_SubsequentEventTypeDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SubsequentEventsAbstract" xlink:label="SubsequentEventsAbstract" xlink:title="SubsequentEventsAbstract" xlink:type="locator"/>
    <label id="label_SubsequentEventsAbstract" xlink:label="label_SubsequentEventsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsequentEventsAbstract" xlink:type="resource" xml:lang="en-US">SUBSEQUENT EVENTS [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsequentEventsAbstract" xlink:title="label: SubsequentEventsAbstract to label_SubsequentEventsAbstract" xlink:to="label_SubsequentEventsAbstract" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SubsequentEventsTextBlock" xlink:label="SubsequentEventsTextBlock" xlink:title="SubsequentEventsTextBlock" xlink:type="locator"/>
    <label id="label_SubsequentEventsTextBlock" xlink:label="label_SubsequentEventsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsequentEventsTextBlock" xlink:type="resource" xml:lang="en-US">SUBSEQUENT EVENTS [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsequentEventsTextBlock" xlink:title="label: SubsequentEventsTextBlock to label_SubsequentEventsTextBlock" xlink:to="label_SubsequentEventsTextBlock" xlink:type="arc"/>
    <label id="label_SubsequentEventsTextBlock_2" xlink:label="label_SubsequentEventsTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SubsequentEventsTextBlock" xlink:type="resource" xml:lang="en-US">SUBSEQUENT EVENTS</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsequentEventsTextBlock" xlink:title="label: SubsequentEventsTextBlock to label_SubsequentEventsTextBlock" xlink:to="label_SubsequentEventsTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions" xlink:label="SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions" xlink:title="SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions" xlink:type="locator"/>
    <label id="label_SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions" xlink:label="label_SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions" xlink:type="resource" xml:lang="en-US">Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions" xlink:title="label: SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions to label_SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions" xlink:to="label_SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SubsidiaryOrEquityMethodInvesteeLineItems" xlink:label="SubsidiaryOrEquityMethodInvesteeLineItems" xlink:title="SubsidiaryOrEquityMethodInvesteeLineItems" xlink:type="locator"/>
    <label id="label_SubsidiaryOrEquityMethodInvesteeLineItems" xlink:label="label_SubsidiaryOrEquityMethodInvesteeLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsidiaryOrEquityMethodInvesteeLineItems" xlink:type="resource" xml:lang="en-US">Subsidiary or Equity Method Investee [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiaryOrEquityMethodInvesteeLineItems" xlink:title="label: SubsidiaryOrEquityMethodInvesteeLineItems to label_SubsidiaryOrEquityMethodInvesteeLineItems" xlink:to="label_SubsidiaryOrEquityMethodInvesteeLineItems" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SubsidiaryOrEquityMethodInvesteeNatureOfOperations" xlink:label="SubsidiaryOrEquityMethodInvesteeNatureOfOperations" xlink:title="SubsidiaryOrEquityMethodInvesteeNatureOfOperations" xlink:type="locator"/>
    <label id="label_SubsidiaryOrEquityMethodInvesteeNatureOfOperations" xlink:label="label_SubsidiaryOrEquityMethodInvesteeNatureOfOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsidiaryOrEquityMethodInvesteeNatureOfOperations" xlink:type="resource" xml:lang="en-US">Subsidiary Or Equity Method Investee Nature Of Operations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsidiaryOrEquityMethodInvesteeNatureOfOperations" xlink:title="label: SubsidiaryOrEquityMethodInvesteeNatureOfOperations to label_SubsidiaryOrEquityMethodInvesteeNatureOfOperations" xlink:to="label_SubsidiaryOrEquityMethodInvesteeNatureOfOperations" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SubsidiarySaleOfStockAxis" xlink:label="SubsidiarySaleOfStockAxis" xlink:title="SubsidiarySaleOfStockAxis" xlink:type="locator"/>
    <label id="label_SubsidiarySaleOfStockAxis" xlink:label="label_SubsidiarySaleOfStockAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsidiarySaleOfStockAxis" xlink:type="resource" xml:lang="en-US">Subsidiary Sale Of Stock [Axis]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="SupplementalCashFlowInformationAbstract" xlink:title="SupplementalCashFlowInformationAbstract" xlink:type="locator"/>
    <label id="label_SupplementalCashFlowInformationAbstract" xlink:label="label_SupplementalCashFlowInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SupplementalCashFlowInformationAbstract" xlink:type="resource" xml:lang="en-US">SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SupplementalCashFlowInformationAbstract" xlink:title="label: SupplementalCashFlowInformationAbstract to label_SupplementalCashFlowInformationAbstract" xlink:to="label_SupplementalCashFlowInformationAbstract" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Supplies" xlink:label="Supplies" xlink:title="Supplies" xlink:type="locator"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:label="TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:title="TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:type="locator"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TreasuryStockSharesAcquired" xlink:label="TreasuryStockSharesAcquired" xlink:title="TreasuryStockSharesAcquired" xlink:type="locator"/>
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    <label id="label_TreasuryStockValueAcquiredCostMethod" xlink:label="label_TreasuryStockValueAcquiredCostMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TreasuryStockValueAcquiredCostMethod" xlink:type="resource" xml:lang="en-US">Treasury Stock Value Acquired Cost Method</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TreasuryStockValueAcquiredCostMethod" xlink:title="label: TreasuryStockValueAcquiredCostMethod to label_TreasuryStockValueAcquiredCostMethod" xlink:to="label_TreasuryStockValueAcquiredCostMethod" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnamortizedDebtIssuanceExpense" xlink:label="UnamortizedDebtIssuanceExpense" xlink:title="UnamortizedDebtIssuanceExpense" xlink:type="locator"/>
    <label id="label_UnamortizedDebtIssuanceExpense" xlink:label="label_UnamortizedDebtIssuanceExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnamortizedDebtIssuanceExpense" xlink:type="resource" xml:lang="en-US">Unamortized Debt Issuance Expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnamortizedDebtIssuanceExpense" xlink:title="label: UnamortizedDebtIssuanceExpense to label_UnamortizedDebtIssuanceExpense" xlink:to="label_UnamortizedDebtIssuanceExpense" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnamortizedDebtIssuanceExpense" xlink:title="label: UnamortizedDebtIssuanceExpense to label_UnamortizedDebtIssuanceExpense" xlink:to="label_UnamortizedDebtIssuanceExpense_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnitsOfPartnershipInterestAmount" xlink:label="UnitsOfPartnershipInterestAmount" xlink:title="UnitsOfPartnershipInterestAmount" xlink:type="locator"/>
    <label id="label_UnitsOfPartnershipInterestAmount" xlink:label="label_UnitsOfPartnershipInterestAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnitsOfPartnershipInterestAmount" xlink:type="resource" xml:lang="en-US">Units of Partnership Interest, Amount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnitsOfPartnershipInterestAmount" xlink:title="label: UnitsOfPartnershipInterestAmount to label_UnitsOfPartnershipInterestAmount" xlink:to="label_UnitsOfPartnershipInterestAmount" xlink:type="arc"/>
    <label id="label_UnitsOfPartnershipInterestAmount_2" xlink:label="label_UnitsOfPartnershipInterestAmount_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UnitsOfPartnershipInterestAmount" xlink:type="resource" xml:lang="en-US">General partnership interests</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnitsOfPartnershipInterestAmount" xlink:title="label: UnitsOfPartnershipInterestAmount to label_UnitsOfPartnershipInterestAmount" xlink:to="label_UnitsOfPartnershipInterestAmount_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="UnrealizedGainLossOnDerivatives" xlink:title="UnrealizedGainLossOnDerivatives" xlink:type="locator"/>
    <label id="label_UnrealizedGainLossOnDerivatives" xlink:label="label_UnrealizedGainLossOnDerivatives" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnrealizedGainLossOnDerivatives" xlink:type="resource" xml:lang="en-US">Unrealized Gain (Loss) on Derivatives</label>
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    <label id="label_UnrealizedGainLossOnDerivatives_2" xlink:label="label_UnrealizedGainLossOnDerivatives_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UnrealizedGainLossOnDerivatives" xlink:type="resource" xml:lang="en-US">Net unrealized (losses)/gains on FFAs</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnsecuredDebtMember" xlink:label="UnsecuredDebtMember" xlink:title="UnsecuredDebtMember" xlink:type="locator"/>
    <label id="label_UnsecuredDebtMember" xlink:label="label_UnsecuredDebtMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnsecuredDebtMember" xlink:type="resource" xml:lang="en-US">Unsecured Debt [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnsecuredDebtMember" xlink:title="label: UnsecuredDebtMember to label_UnsecuredDebtMember" xlink:to="label_UnsecuredDebtMember" xlink:type="arc"/>
    <label id="label_UnsecuredDebtMember_2" xlink:label="label_UnsecuredDebtMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UnsecuredDebtMember" xlink:type="resource" xml:lang="en-US">Unsecured bond</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnsecuredDebtMember" xlink:title="label: UnsecuredDebtMember to label_UnsecuredDebtMember" xlink:to="label_UnsecuredDebtMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UseOfEstimates" xlink:label="UseOfEstimates" xlink:title="UseOfEstimates" xlink:type="locator"/>
    <label id="label_UseOfEstimates" xlink:label="label_UseOfEstimates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UseOfEstimates" xlink:type="resource" xml:lang="en-US">Use of Estimates [Policy Text Block]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityOwnershipPercentage" xlink:label="VariableInterestEntityOwnershipPercentage" xlink:title="VariableInterestEntityOwnershipPercentage" xlink:type="locator"/>
    <label id="label_VariableInterestEntityOwnershipPercentage" xlink:label="label_VariableInterestEntityOwnershipPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VariableInterestEntityOwnershipPercentage" xlink:type="resource" xml:lang="en-US">Variable Interest Entity Ownership Percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityOwnershipPercentage" xlink:title="label: VariableInterestEntityOwnershipPercentage to label_VariableInterestEntityOwnershipPercentage" xlink:to="label_VariableInterestEntityOwnershipPercentage" xlink:type="arc"/>
    <label id="label_VariableInterestEntityOwnershipPercentage_2" xlink:label="label_VariableInterestEntityOwnershipPercentage_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VariableInterestEntityOwnershipPercentage" xlink:type="resource" xml:lang="en-US">Percentage of voting stock of Navios Holdings in Navios Acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityOwnershipPercentage" xlink:title="label: VariableInterestEntityOwnershipPercentage to label_VariableInterestEntityOwnershipPercentage" xlink:to="label_VariableInterestEntityOwnershipPercentage_2" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityOwnershipPercentage" xlink:title="label: VariableInterestEntityOwnershipPercentage to label_VariableInterestEntityOwnershipPercentage" xlink:to="label_VariableInterestEntityOwnershipPercentage_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VestingAxis" xlink:label="VestingAxis" xlink:title="VestingAxis" xlink:type="locator"/>
    <label id="label_VestingAxis" xlink:label="label_VestingAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VestingAxis" xlink:type="resource" xml:lang="en-US">Vesting [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VestingAxis" xlink:title="label: VestingAxis to label_VestingAxis" xlink:to="label_VestingAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VestingDomain" xlink:label="VestingDomain" xlink:title="VestingDomain" xlink:type="locator"/>
    <label id="label_VestingDomain" xlink:label="label_VestingDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VestingDomain" xlink:type="resource" xml:lang="en-US">Vesting [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VestingDomain" xlink:title="label: VestingDomain to label_VestingDomain" xlink:to="label_VestingDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:label="WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:title="WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:type="locator"/>
    <label id="label_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:label="label_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:type="resource" xml:lang="en-US">Weighted Average Number Diluted Shares Outstanding Adjustment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:title="label: WeightedAverageNumberDilutedSharesOutstandingAdjustment to label_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:to="label_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="WeightedAverageNumberOfDilutedSharesOutstanding" xlink:title="WeightedAverageNumberOfDilutedSharesOutstanding" xlink:type="locator"/>
    <label id="label_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="label_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:type="resource" xml:lang="en-US">Weighted average number of shares, diluted</label>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageNumberOfDilutedSharesOutstanding" xlink:title="label: WeightedAverageNumberOfDilutedSharesOutstanding to label_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:to="label_WeightedAverageNumberOfDilutedSharesOutstanding_2" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:label="WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:title="WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:type="locator"/>
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    <label id="label_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:label="label_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:type="resource" xml:lang="en-US">Weighted average number of shares, basic and diluted</label>
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    <label id="label_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="label_WeightedAverageNumberOfSharesOutstandingBasic" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WeightedAverageNumberOfSharesOutstandingBasic" xlink:type="resource" xml:lang="en-US">Weighted average number of shares, basic</label>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageNumberOfSharesOutstandingBasic" xlink:title="label: WeightedAverageNumberOfSharesOutstandingBasic to label_WeightedAverageNumberOfSharesOutstandingBasic" xlink:to="label_WeightedAverageNumberOfSharesOutstandingBasic_2" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LessorLeasesPolicyTextBlock" xlink:label="LessorLeasesPolicyTextBlock" xlink:title="LessorLeasesPolicyTextBlock" xlink:type="locator"/>
    <label id="label_LessorLeasesPolicyTextBlock" xlink:label="label_LessorLeasesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LessorLeasesPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Leases</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DomesticPlanMember" xlink:label="DomesticPlanMember" xlink:title="DomesticPlanMember" xlink:type="locator"/>
    <label id="label_DomesticPlanMember" xlink:label="label_DomesticPlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DomesticPlanMember" xlink:type="resource" xml:lang="en-US">Retirement Compensation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DomesticPlanMember" xlink:title="label: DomesticPlanMember to label_DomesticPlanMember" xlink:to="label_DomesticPlanMember" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ForeignPlanMember" xlink:label="ForeignPlanMember" xlink:title="ForeignPlanMember" xlink:type="locator"/>
    <label id="label_ForeignPlanMember" xlink:label="label_ForeignPlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignPlanMember" xlink:type="resource" xml:lang="en-US">US Retirement Savings Plan</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignPlanMember" xlink:title="label: ForeignPlanMember to label_ForeignPlanMember" xlink:to="label_ForeignPlanMember" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RetirementPlanTypeAxis" xlink:label="RetirementPlanTypeAxis" xlink:title="RetirementPlanTypeAxis" xlink:type="locator"/>
    <label id="label_RetirementPlanTypeAxis" xlink:label="label_RetirementPlanTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RetirementPlanTypeAxis" xlink:type="resource" xml:lang="en-US">Retirement Plan Type [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetirementPlanTypeAxis" xlink:title="label: RetirementPlanTypeAxis to label_RetirementPlanTypeAxis" xlink:to="label_RetirementPlanTypeAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RetirementPlanSponsorLocationDomain" xlink:label="RetirementPlanSponsorLocationDomain" xlink:title="RetirementPlanSponsorLocationDomain" xlink:type="locator"/>
    <label id="label_RetirementPlanSponsorLocationDomain" xlink:label="label_RetirementPlanSponsorLocationDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RetirementPlanSponsorLocationDomain" xlink:type="resource" xml:lang="en-US">Retirement Plan Sponsor Location [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetirementPlanSponsorLocationDomain" xlink:title="label: RetirementPlanSponsorLocationDomain to label_RetirementPlanSponsorLocationDomain" xlink:to="label_RetirementPlanSponsorLocationDomain" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosLogisticsSubsidiaryMember" xlink:label="NaviosLogisticsSubsidiaryMember" xlink:title="NaviosLogisticsSubsidiaryMember" xlink:type="locator"/>
    <label id="label_NaviosLogisticsSubsidiaryMember" xlink:label="label_NaviosLogisticsSubsidiaryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosLogisticsSubsidiaryMember" xlink:type="resource" xml:lang="en-US">Navios Logistics Subsidiary [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsSubsidiaryMember" xlink:title="label: NaviosLogisticsSubsidiaryMember to label_NaviosLogisticsSubsidiaryMember" xlink:to="label_NaviosLogisticsSubsidiaryMember" xlink:type="arc"/>
    <label id="label_NaviosLogisticsSubsidiaryMember_2" xlink:label="label_NaviosLogisticsSubsidiaryMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosLogisticsSubsidiaryMember" xlink:type="resource" xml:lang="en-US">Navios Logistics</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsSubsidiaryMember" xlink:title="label: NaviosLogisticsSubsidiaryMember to label_NaviosLogisticsSubsidiaryMember" xlink:to="label_NaviosLogisticsSubsidiaryMember_2" xlink:type="arc"/>
    <label id="label_NaviosLogisticsSubsidiaryMember_3" xlink:label="label_NaviosLogisticsSubsidiaryMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NaviosLogisticsSubsidiaryMember" xlink:type="resource" xml:lang="en-US">Navios South American Logistics Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsSubsidiaryMember" xlink:title="label: NaviosLogisticsSubsidiaryMember to label_NaviosLogisticsSubsidiaryMember" xlink:to="label_NaviosLogisticsSubsidiaryMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHoldingsConsolidatedMember" xlink:label="NaviosHoldingsConsolidatedMember" xlink:title="NaviosHoldingsConsolidatedMember" xlink:type="locator"/>
    <label id="label_NaviosHoldingsConsolidatedMember" xlink:label="label_NaviosHoldingsConsolidatedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHoldingsConsolidatedMember" xlink:type="resource" xml:lang="en-US">Navios Holdings Consolidated [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsConsolidatedMember" xlink:title="label: NaviosHoldingsConsolidatedMember to label_NaviosHoldingsConsolidatedMember" xlink:to="label_NaviosHoldingsConsolidatedMember" xlink:type="arc"/>
    <label id="label_NaviosHoldingsConsolidatedMember_2" xlink:label="label_NaviosHoldingsConsolidatedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHoldingsConsolidatedMember" xlink:type="resource" xml:lang="en-US">Navios Holdings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsConsolidatedMember" xlink:title="label: NaviosHoldingsConsolidatedMember to label_NaviosHoldingsConsolidatedMember" xlink:to="label_NaviosHoldingsConsolidatedMember_2" xlink:type="arc"/>
    <label id="label_NaviosHoldingsConsolidatedMember_3" xlink:label="label_NaviosHoldingsConsolidatedMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NaviosHoldingsConsolidatedMember" xlink:type="resource" xml:lang="en-US">Navios Holdings borrowings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldingsConsolidatedMember" xlink:title="label: NaviosHoldingsConsolidatedMember to label_NaviosHoldingsConsolidatedMember" xlink:to="label_NaviosHoldingsConsolidatedMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosAcquisitionConsolidatedMember" xlink:label="NaviosAcquisitionConsolidatedMember" xlink:title="NaviosAcquisitionConsolidatedMember" xlink:type="locator"/>
    <label id="label_NaviosAcquisitionConsolidatedMember" xlink:label="label_NaviosAcquisitionConsolidatedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosAcquisitionConsolidatedMember" xlink:type="resource" xml:lang="en-US">Navios Acquisition Consolidated [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAcquisitionConsolidatedMember" xlink:title="label: NaviosAcquisitionConsolidatedMember to label_NaviosAcquisitionConsolidatedMember" xlink:to="label_NaviosAcquisitionConsolidatedMember" xlink:type="arc"/>
    <label id="label_NaviosAcquisitionConsolidatedMember_2" xlink:label="label_NaviosAcquisitionConsolidatedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosAcquisitionConsolidatedMember" xlink:type="resource" xml:lang="en-US">Navios Acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAcquisitionConsolidatedMember" xlink:title="label: NaviosAcquisitionConsolidatedMember to label_NaviosAcquisitionConsolidatedMember" xlink:to="label_NaviosAcquisitionConsolidatedMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosPartnersConsolidatedMember" xlink:label="NaviosPartnersConsolidatedMember" xlink:title="NaviosPartnersConsolidatedMember" xlink:type="locator"/>
    <label id="label_NaviosPartnersConsolidatedMember" xlink:label="label_NaviosPartnersConsolidatedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosPartnersConsolidatedMember" xlink:type="resource" xml:lang="en-US">Navios Partners Consolidated [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartnersConsolidatedMember" xlink:title="label: NaviosPartnersConsolidatedMember to label_NaviosPartnersConsolidatedMember" xlink:to="label_NaviosPartnersConsolidatedMember" xlink:type="arc"/>
    <label id="label_NaviosPartnersConsolidatedMember_2" xlink:label="label_NaviosPartnersConsolidatedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosPartnersConsolidatedMember" xlink:type="resource" xml:lang="en-US">Navios Partners</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartnersConsolidatedMember" xlink:title="label: NaviosPartnersConsolidatedMember to label_NaviosPartnersConsolidatedMember" xlink:to="label_NaviosPartnersConsolidatedMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosEuropeConsolidatedMember" xlink:label="NaviosEuropeConsolidatedMember" xlink:title="NaviosEuropeConsolidatedMember" xlink:type="locator"/>
    <label id="label_NaviosEuropeConsolidatedMember" xlink:label="label_NaviosEuropeConsolidatedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosEuropeConsolidatedMember" xlink:type="resource" xml:lang="en-US">Navios Europe Consolidated [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEuropeConsolidatedMember" xlink:title="label: NaviosEuropeConsolidatedMember to label_NaviosEuropeConsolidatedMember" xlink:to="label_NaviosEuropeConsolidatedMember" xlink:type="arc"/>
    <label id="label_NaviosEuropeConsolidatedMember_2" xlink:label="label_NaviosEuropeConsolidatedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosEuropeConsolidatedMember" xlink:type="resource" xml:lang="en-US">Navios Europe I</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEuropeConsolidatedMember" xlink:title="label: NaviosEuropeConsolidatedMember to label_NaviosEuropeConsolidatedMember" xlink:to="label_NaviosEuropeConsolidatedMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosEuropeIIConsolidatedMember" xlink:label="NaviosEuropeIIConsolidatedMember" xlink:title="NaviosEuropeIIConsolidatedMember" xlink:type="locator"/>
    <label id="label_NaviosEuropeIIConsolidatedMember" xlink:label="label_NaviosEuropeIIConsolidatedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosEuropeIIConsolidatedMember" xlink:type="resource" xml:lang="en-US">Navios Europe II Consolidated [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEuropeIIConsolidatedMember" xlink:title="label: NaviosEuropeIIConsolidatedMember to label_NaviosEuropeIIConsolidatedMember" xlink:to="label_NaviosEuropeIIConsolidatedMember" xlink:type="arc"/>
    <label id="label_NaviosEuropeIIConsolidatedMember_2" xlink:label="label_NaviosEuropeIIConsolidatedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosEuropeIIConsolidatedMember" xlink:type="resource" xml:lang="en-US">Navios Europe II</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEuropeIIConsolidatedMember" xlink:title="label: NaviosEuropeIIConsolidatedMember to label_NaviosEuropeIIConsolidatedMember" xlink:to="label_NaviosEuropeIIConsolidatedMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosLogisticsConsolidatedMember" xlink:label="NaviosLogisticsConsolidatedMember" xlink:title="NaviosLogisticsConsolidatedMember" xlink:type="locator"/>
    <label id="label_NaviosLogisticsConsolidatedMember" xlink:label="label_NaviosLogisticsConsolidatedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosLogisticsConsolidatedMember" xlink:type="resource" xml:lang="en-US">Navios Logistics Consolidated [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsConsolidatedMember" xlink:title="label: NaviosLogisticsConsolidatedMember to label_NaviosLogisticsConsolidatedMember" xlink:to="label_NaviosLogisticsConsolidatedMember" xlink:type="arc"/>
    <label id="label_NaviosLogisticsConsolidatedMember_2" xlink:label="label_NaviosLogisticsConsolidatedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosLogisticsConsolidatedMember" xlink:type="resource" xml:lang="en-US">Navios Logistics borrowings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsConsolidatedMember" xlink:title="label: NaviosLogisticsConsolidatedMember to label_NaviosLogisticsConsolidatedMember" xlink:to="label_NaviosLogisticsConsolidatedMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RetirementPlanSponsorLocationAxis" xlink:label="RetirementPlanSponsorLocationAxis" xlink:title="RetirementPlanSponsorLocationAxis" xlink:type="locator"/>
    <label id="label_RetirementPlanSponsorLocationAxis" xlink:label="label_RetirementPlanSponsorLocationAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RetirementPlanSponsorLocationAxis" xlink:type="resource" xml:lang="en-US">Retirement Plan Sponsor Location [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetirementPlanSponsorLocationAxis" xlink:title="label: RetirementPlanSponsorLocationAxis to label_RetirementPlanSponsorLocationAxis" xlink:to="label_RetirementPlanSponsorLocationAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ImpairmentOfLongLivedAssetsToBeDisposedOf" xlink:label="ImpairmentOfLongLivedAssetsToBeDisposedOf" xlink:title="ImpairmentOfLongLivedAssetsToBeDisposedOf" xlink:type="locator"/>
    <label id="label_ImpairmentOfLongLivedAssetsToBeDisposedOf" xlink:label="label_ImpairmentOfLongLivedAssetsToBeDisposedOf" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ImpairmentOfLongLivedAssetsToBeDisposedOf" xlink:type="resource" xml:lang="en-US">Impairment Of Long Lived Assets To Be Disposed Of</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentOfLongLivedAssetsToBeDisposedOf" xlink:title="label: ImpairmentOfLongLivedAssetsToBeDisposedOf to label_ImpairmentOfLongLivedAssetsToBeDisposedOf" xlink:to="label_ImpairmentOfLongLivedAssetsToBeDisposedOf" xlink:type="arc"/>
    <label id="label_ImpairmentOfLongLivedAssetsToBeDisposedOf_2" xlink:label="label_ImpairmentOfLongLivedAssetsToBeDisposedOf_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ImpairmentOfLongLivedAssetsToBeDisposedOf" xlink:type="resource" xml:lang="en-US">Impairment losses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentOfLongLivedAssetsToBeDisposedOf" xlink:title="label: ImpairmentOfLongLivedAssetsToBeDisposedOf to label_ImpairmentOfLongLivedAssetsToBeDisposedOf" xlink:to="label_ImpairmentOfLongLivedAssetsToBeDisposedOf_2" xlink:type="arc"/>
    <label id="label_ImpairmentOfLongLivedAssetsToBeDisposedOf_3" xlink:label="label_ImpairmentOfLongLivedAssetsToBeDisposedOf_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ImpairmentOfLongLivedAssetsToBeDisposedOf" xlink:type="resource" xml:lang="en-US">Vessel impairment loss</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentOfLongLivedAssetsToBeDisposedOf" xlink:title="label: ImpairmentOfLongLivedAssetsToBeDisposedOf to label_ImpairmentOfLongLivedAssetsToBeDisposedOf" xlink:to="label_ImpairmentOfLongLivedAssetsToBeDisposedOf_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInDepositsOutstanding" xlink:label="IncreaseDecreaseInDepositsOutstanding" xlink:title="IncreaseDecreaseInDepositsOutstanding" xlink:type="locator"/>
    <label id="label_IncreaseDecreaseInDepositsOutstanding" xlink:label="label_IncreaseDecreaseInDepositsOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInDepositsOutstanding" xlink:type="resource" xml:lang="en-US">Increase Decrease In Deposits Outstanding</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInDepositsOutstanding" xlink:title="label: IncreaseDecreaseInDepositsOutstanding to label_IncreaseDecreaseInDepositsOutstanding" xlink:to="label_IncreaseDecreaseInDepositsOutstanding" xlink:type="arc"/>
    <label id="label_IncreaseDecreaseInDepositsOutstanding_2" xlink:label="label_IncreaseDecreaseInDepositsOutstanding_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncreaseDecreaseInDepositsOutstanding" xlink:type="resource" xml:lang="en-US">Deposit for option to acquire vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInDepositsOutstanding" xlink:title="label: IncreaseDecreaseInDepositsOutstanding to label_IncreaseDecreaseInDepositsOutstanding" xlink:to="label_IncreaseDecreaseInDepositsOutstanding_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfIntangibleAssets" xlink:label="ProceedsFromSaleOfIntangibleAssets" xlink:title="ProceedsFromSaleOfIntangibleAssets" xlink:type="locator"/>
    <label id="label_ProceedsFromSaleOfIntangibleAssets" xlink:label="label_ProceedsFromSaleOfIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromSaleOfIntangibleAssets" xlink:type="resource" xml:lang="en-US">Proceeds From Sale Of Intangible Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfIntangibleAssets" xlink:title="label: ProceedsFromSaleOfIntangibleAssets to label_ProceedsFromSaleOfIntangibleAssets" xlink:to="label_ProceedsFromSaleOfIntangibleAssets" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsOfDividendsMinorityInterest" xlink:label="PaymentsOfDividendsMinorityInterest" xlink:title="PaymentsOfDividendsMinorityInterest" xlink:type="locator"/>
    <label id="label_PaymentsOfDividendsMinorityInterest" xlink:label="label_PaymentsOfDividendsMinorityInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsOfDividendsMinorityInterest" xlink:type="resource" xml:lang="en-US">Payments Of Dividends Minority Interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividendsMinorityInterest" xlink:title="label: PaymentsOfDividendsMinorityInterest to label_PaymentsOfDividendsMinorityInterest" xlink:to="label_PaymentsOfDividendsMinorityInterest" xlink:type="arc"/>
    <label id="label_PaymentsOfDividendsMinorityInterest_2" xlink:label="label_PaymentsOfDividendsMinorityInterest_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsOfDividendsMinorityInterest" xlink:type="resource" xml:lang="en-US">Dividends paid to noncontrolling shareholders</label>
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    <label id="label_PaymentsOfDividendsMinorityInterest_3" xlink:label="label_PaymentsOfDividendsMinorityInterest_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsOfDividendsMinorityInterest" xlink:type="resource" xml:lang="en-US">Dividends paid to noncontrolling shareholders</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividendsMinorityInterest" xlink:title="label: PaymentsOfDividendsMinorityInterest to label_PaymentsOfDividendsMinorityInterest" xlink:to="label_PaymentsOfDividendsMinorityInterest_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionPayablesAssumed1" xlink:label="NoncashOrPartNoncashAcquisitionPayablesAssumed1" xlink:title="NoncashOrPartNoncashAcquisitionPayablesAssumed1" xlink:type="locator"/>
    <label id="label_NoncashOrPartNoncashAcquisitionPayablesAssumed1" xlink:label="label_NoncashOrPartNoncashAcquisitionPayablesAssumed1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncashOrPartNoncashAcquisitionPayablesAssumed1" xlink:type="resource" xml:lang="en-US">Noncash Or Part Noncash Acquisition Payables Assumed 1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncashOrPartNoncashAcquisitionPayablesAssumed1" xlink:title="label: NoncashOrPartNoncashAcquisitionPayablesAssumed1 to label_NoncashOrPartNoncashAcquisitionPayablesAssumed1" xlink:to="label_NoncashOrPartNoncashAcquisitionPayablesAssumed1" xlink:type="arc"/>
    <label id="label_NoncashOrPartNoncashAcquisitionPayablesAssumed1_2" xlink:label="label_NoncashOrPartNoncashAcquisitionPayablesAssumed1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncashOrPartNoncashAcquisitionPayablesAssumed1" xlink:type="resource" xml:lang="en-US">Long-term payable to affiliate company</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncashOrPartNoncashAcquisitionPayablesAssumed1" xlink:title="label: NoncashOrPartNoncashAcquisitionPayablesAssumed1 to label_NoncashOrPartNoncashAcquisitionPayablesAssumed1" xlink:to="label_NoncashOrPartNoncashAcquisitionPayablesAssumed1_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockRepurchasedAndRetiredDuringPeriodValue" xlink:label="StockRepurchasedAndRetiredDuringPeriodValue" xlink:title="StockRepurchasedAndRetiredDuringPeriodValue" xlink:type="locator"/>
    <label id="label_StockRepurchasedAndRetiredDuringPeriodValue" xlink:label="label_StockRepurchasedAndRetiredDuringPeriodValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockRepurchasedAndRetiredDuringPeriodValue" xlink:type="resource" xml:lang="en-US">Stock Repurchased And Retired During Period Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRepurchasedAndRetiredDuringPeriodValue" xlink:title="label: StockRepurchasedAndRetiredDuringPeriodValue to label_StockRepurchasedAndRetiredDuringPeriodValue" xlink:to="label_StockRepurchasedAndRetiredDuringPeriodValue" xlink:type="arc"/>
    <label id="label_StockRepurchasedAndRetiredDuringPeriodValue_2" xlink:label="label_StockRepurchasedAndRetiredDuringPeriodValue_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockRepurchasedAndRetiredDuringPeriodValue" xlink:type="resource" xml:lang="en-US">Cancellation of shares (Note 17), value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRepurchasedAndRetiredDuringPeriodValue" xlink:title="label: StockRepurchasedAndRetiredDuringPeriodValue to label_StockRepurchasedAndRetiredDuringPeriodValue" xlink:to="label_StockRepurchasedAndRetiredDuringPeriodValue_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireProductiveAssets" xlink:label="PaymentsToAcquireProductiveAssets" xlink:title="PaymentsToAcquireProductiveAssets" xlink:type="locator"/>
    <label id="label_PaymentsToAcquireProductiveAssets" xlink:label="label_PaymentsToAcquireProductiveAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsToAcquireProductiveAssets" xlink:type="resource" xml:lang="en-US">Payments To Acquire Productive Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireProductiveAssets" xlink:title="label: PaymentsToAcquireProductiveAssets to label_PaymentsToAcquireProductiveAssets" xlink:to="label_PaymentsToAcquireProductiveAssets" xlink:type="arc"/>
    <label id="label_PaymentsToAcquireProductiveAssets_2" xlink:label="label_PaymentsToAcquireProductiveAssets_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsToAcquireProductiveAssets" xlink:type="resource" xml:lang="en-US">Deposit for option to acquire vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireProductiveAssets" xlink:title="label: PaymentsToAcquireProductiveAssets to label_PaymentsToAcquireProductiveAssets" xlink:to="label_PaymentsToAcquireProductiveAssets_2" xlink:type="arc"/>
    <label id="label_PaymentsToAcquireProductiveAssets_3" xlink:label="label_PaymentsToAcquireProductiveAssets_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsToAcquireProductiveAssets" xlink:type="resource" xml:lang="en-US">Deposit for option to acquire vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireProductiveAssets" xlink:title="label: PaymentsToAcquireProductiveAssets to label_PaymentsToAcquireProductiveAssets" xlink:to="label_PaymentsToAcquireProductiveAssets_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PaymentsOfDividendsNoncontrollingShareholders" xlink:label="PaymentsOfDividendsNoncontrollingShareholders" xlink:title="PaymentsOfDividendsNoncontrollingShareholders" xlink:type="locator"/>
    <label id="label_PaymentsOfDividendsNoncontrollingShareholders" xlink:label="label_PaymentsOfDividendsNoncontrollingShareholders" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsOfDividendsNoncontrollingShareholders" xlink:type="resource" xml:lang="en-US">Payments Of Dividends Noncontrolling Shareholders</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividendsNoncontrollingShareholders" xlink:title="label: PaymentsOfDividendsNoncontrollingShareholders to label_PaymentsOfDividendsNoncontrollingShareholders" xlink:to="label_PaymentsOfDividendsNoncontrollingShareholders" xlink:type="arc"/>
    <label id="label_PaymentsOfDividendsNoncontrollingShareholders_2" xlink:label="label_PaymentsOfDividendsNoncontrollingShareholders_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsOfDividendsNoncontrollingShareholders" xlink:type="resource" xml:lang="en-US">Dividends paid to noncontrolling shareholders</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividendsNoncontrollingShareholders" xlink:title="label: PaymentsOfDividendsNoncontrollingShareholders to label_PaymentsOfDividendsNoncontrollingShareholders" xlink:to="label_PaymentsOfDividendsNoncontrollingShareholders_2" xlink:type="arc"/>
    <label id="label_PaymentsOfDividendsNoncontrollingShareholders_3" xlink:label="label_PaymentsOfDividendsNoncontrollingShareholders_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PaymentsOfDividendsNoncontrollingShareholders" xlink:type="resource" xml:lang="en-US">Cash outflow in the form of capital distributions and dividends to noncontrolling shareholders.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividendsNoncontrollingShareholders" xlink:title="label: PaymentsOfDividendsNoncontrollingShareholders to label_PaymentsOfDividendsNoncontrollingShareholders" xlink:to="label_PaymentsOfDividendsNoncontrollingShareholders_3" xlink:type="arc"/>
    <label id="label_PaymentsOfDividendsNoncontrollingShareholders_4" xlink:label="label_PaymentsOfDividendsNoncontrollingShareholders_4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsOfDividendsNoncontrollingShareholders" xlink:type="resource" xml:lang="en-US">Dividends paid to noncontrolling shareholders</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividendsNoncontrollingShareholders" xlink:title="label: PaymentsOfDividendsNoncontrollingShareholders to label_PaymentsOfDividendsNoncontrollingShareholders" xlink:to="label_PaymentsOfDividendsNoncontrollingShareholders_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_IncreaseDecreaseInInterestPayableOnLoanToAffiliate" xlink:label="IncreaseDecreaseInInterestPayableOnLoanToAffiliate" xlink:title="IncreaseDecreaseInInterestPayableOnLoanToAffiliate" xlink:type="locator"/>
    <label id="label_IncreaseDecreaseInInterestPayableOnLoanToAffiliate" xlink:label="label_IncreaseDecreaseInInterestPayableOnLoanToAffiliate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInInterestPayableOnLoanToAffiliate" xlink:type="resource" xml:lang="en-US">Increase Decrease In Interest Payable On Loan To Affiliate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInInterestPayableOnLoanToAffiliate" xlink:title="label: IncreaseDecreaseInInterestPayableOnLoanToAffiliate to label_IncreaseDecreaseInInterestPayableOnLoanToAffiliate" xlink:to="label_IncreaseDecreaseInInterestPayableOnLoanToAffiliate" xlink:type="arc"/>
    <label id="label_IncreaseDecreaseInInterestPayableOnLoanToAffiliate_2" xlink:label="label_IncreaseDecreaseInInterestPayableOnLoanToAffiliate_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncreaseDecreaseInInterestPayableOnLoanToAffiliate" xlink:type="resource" xml:lang="en-US">Accrued interest expense on loan payable to affiliate company</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInInterestPayableOnLoanToAffiliate" xlink:title="label: IncreaseDecreaseInInterestPayableOnLoanToAffiliate to label_IncreaseDecreaseInInterestPayableOnLoanToAffiliate" xlink:to="label_IncreaseDecreaseInInterestPayableOnLoanToAffiliate_2" xlink:type="arc"/>
    <label id="label_IncreaseDecreaseInInterestPayableOnLoanToAffiliate_3" xlink:label="label_IncreaseDecreaseInInterestPayableOnLoanToAffiliate_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseInInterestPayableOnLoanToAffiliate" xlink:type="resource" xml:lang="en-US">The increase (decrease) during the reporting period in interest payable, which represents the amount owed to affiliate parties for interest earned on loans or credit extended to the reporting entity.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInInterestPayableOnLoanToAffiliate" xlink:title="label: IncreaseDecreaseInInterestPayableOnLoanToAffiliate to label_IncreaseDecreaseInInterestPayableOnLoanToAffiliate" xlink:to="label_IncreaseDecreaseInInterestPayableOnLoanToAffiliate_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_IncreaseDecreaseInInterestPayableToAffiliate" xlink:label="IncreaseDecreaseInInterestPayableToAffiliate" xlink:title="IncreaseDecreaseInInterestPayableToAffiliate" xlink:type="locator"/>
    <label id="label_IncreaseDecreaseInInterestPayableToAffiliate" xlink:label="label_IncreaseDecreaseInInterestPayableToAffiliate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInInterestPayableToAffiliate" xlink:type="resource" xml:lang="en-US">Increase Decrease In Interest Payable To Affiliate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInInterestPayableToAffiliate" xlink:title="label: IncreaseDecreaseInInterestPayableToAffiliate to label_IncreaseDecreaseInInterestPayableToAffiliate" xlink:to="label_IncreaseDecreaseInInterestPayableToAffiliate" xlink:type="arc"/>
    <label id="label_IncreaseDecreaseInInterestPayableToAffiliate_2" xlink:label="label_IncreaseDecreaseInInterestPayableToAffiliate_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseInInterestPayableToAffiliate" xlink:type="resource" xml:lang="en-US">The increase (decrease) during the reporting period in interest expense payable, which represents the amount that affiliate parties earned as interest on loans or credit extended to the reporting entity.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInInterestPayableToAffiliate" xlink:title="label: IncreaseDecreaseInInterestPayableToAffiliate to label_IncreaseDecreaseInInterestPayableToAffiliate" xlink:to="label_IncreaseDecreaseInInterestPayableToAffiliate_2" xlink:type="arc"/>
    <label id="label_IncreaseDecreaseInInterestPayableToAffiliate_3" xlink:label="label_IncreaseDecreaseInInterestPayableToAffiliate_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncreaseDecreaseInInterestPayableToAffiliate" xlink:type="resource" xml:lang="en-US">Accrued interest expense payable to affiliate company</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInInterestPayableToAffiliate" xlink:title="label: IncreaseDecreaseInInterestPayableToAffiliate to label_IncreaseDecreaseInInterestPayableToAffiliate" xlink:to="label_IncreaseDecreaseInInterestPayableToAffiliate_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:label="NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:title="NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:type="locator"/>
    <label id="label_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:label="label_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest Increase From Subsidiary Equity Issuance</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:title="label: NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance to label_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:to="label_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:type="arc"/>
    <label id="label_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance_2" xlink:label="label_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest, Increase from Subsidiary Equity Issuance</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:title="label: NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance to label_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:to="label_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance_2" xlink:type="arc"/>
    <label id="label_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance_3" xlink:label="label_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:type="resource" xml:lang="en-US">Investments on the equity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:title="label: NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance to label_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:to="label_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosContainersIIMember" xlink:label="NaviosContainersIIMember" xlink:title="NaviosContainersIIMember" xlink:type="locator"/>
    <label id="label_NaviosContainersIIMember" xlink:label="label_NaviosContainersIIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosContainersIIMember" xlink:type="resource" xml:lang="en-US">Navios Containers II [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersIIMember" xlink:title="label: NaviosContainersIIMember to label_NaviosContainersIIMember" xlink:to="label_NaviosContainersIIMember" xlink:type="arc"/>
    <label id="label_NaviosContainersIIMember_2" xlink:label="label_NaviosContainersIIMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosContainersIIMember" xlink:type="resource" xml:lang="en-US">Navios Containers</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersIIMember" xlink:title="label: NaviosContainersIIMember to label_NaviosContainersIIMember" xlink:to="label_NaviosContainersIIMember_2" xlink:type="arc"/>
    <label id="label_NaviosContainersIIMember_3" xlink:label="label_NaviosContainersIIMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NaviosContainersIIMember" xlink:type="resource" xml:lang="en-US">Navios Maritime Containers L.P.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersIIMember" xlink:title="label: NaviosContainersIIMember to label_NaviosContainersIIMember" xlink:to="label_NaviosContainersIIMember_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:label="MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:title="MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:type="locator"/>
    <label id="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:label="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:type="resource" xml:lang="en-US">Minority Interest Ownership Percentage By Noncontrolling Owners</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:title="label: MinorityInterestOwnershipPercentageByNoncontrollingOwners to label_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:to="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:type="arc"/>
    <label id="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners_2" xlink:label="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:title="label: MinorityInterestOwnershipPercentageByNoncontrollingOwners to label_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:to="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners_2" xlink:type="arc"/>
    <label id="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners_3" xlink:label="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:type="resource" xml:lang="en-US">Ownership interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:title="label: MinorityInterestOwnershipPercentageByNoncontrollingOwners to label_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:to="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners_3" xlink:type="arc"/>
    <label id="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners_4" xlink:label="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners_4" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:type="resource" xml:lang="en-US">Ownership by Noncontrolling interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:title="label: MinorityInterestOwnershipPercentageByNoncontrollingOwners to label_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:to="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AlphaMeritCorporationMember" xlink:label="AlphaMeritCorporationMember" xlink:title="AlphaMeritCorporationMember" xlink:type="locator"/>
    <label id="label_AlphaMeritCorporationMember" xlink:label="label_AlphaMeritCorporationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AlphaMeritCorporationMember" xlink:type="resource" xml:lang="en-US">Alpha Merit Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AlphaMeritCorporationMember" xlink:title="label: AlphaMeritCorporationMember to label_AlphaMeritCorporationMember" xlink:to="label_AlphaMeritCorporationMember" xlink:type="arc"/>
    <label id="label_AlphaMeritCorporationMember_2" xlink:label="label_AlphaMeritCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AlphaMeritCorporationMember" xlink:type="resource" xml:lang="en-US">Alpha Merit Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AlphaMeritCorporationMember" xlink:title="label: AlphaMeritCorporationMember to label_AlphaMeritCorporationMember" xlink:to="label_AlphaMeritCorporationMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ThalassaMarineSaMember" xlink:label="ThalassaMarineSaMember" xlink:title="ThalassaMarineSaMember" xlink:type="locator"/>
    <label id="label_ThalassaMarineSaMember" xlink:label="label_ThalassaMarineSaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ThalassaMarineSaMember" xlink:type="resource" xml:lang="en-US">Thalassa Marine S.A. [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThalassaMarineSaMember" xlink:title="label: ThalassaMarineSaMember to label_ThalassaMarineSaMember" xlink:to="label_ThalassaMarineSaMember" xlink:type="arc"/>
    <label id="label_ThalassaMarineSaMember_2" xlink:label="label_ThalassaMarineSaMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ThalassaMarineSaMember" xlink:type="resource" xml:lang="en-US">Thalassa Marine S.A.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThalassaMarineSaMember" xlink:title="label: ThalassaMarineSaMember to label_ThalassaMarineSaMember" xlink:to="label_ThalassaMarineSaMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OneVesselHeldAndUsedMember" xlink:label="OneVesselHeldAndUsedMember" xlink:title="OneVesselHeldAndUsedMember" xlink:type="locator"/>
    <label id="label_OneVesselHeldAndUsedMember" xlink:label="label_OneVesselHeldAndUsedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OneVesselHeldAndUsedMember" xlink:type="resource" xml:lang="en-US">One Vessel Held And Used [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OneVesselHeldAndUsedMember" xlink:title="label: OneVesselHeldAndUsedMember to label_OneVesselHeldAndUsedMember" xlink:to="label_OneVesselHeldAndUsedMember" xlink:type="arc"/>
    <label id="label_OneVesselHeldAndUsedMember_2" xlink:label="label_OneVesselHeldAndUsedMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OneVesselHeldAndUsedMember" xlink:type="resource" xml:lang="en-US">One vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OneVesselHeldAndUsedMember" xlink:title="label: OneVesselHeldAndUsedMember to label_OneVesselHeldAndUsedMember" xlink:to="label_OneVesselHeldAndUsedMember_2" xlink:type="arc"/>
    <label id="label_OneVesselHeldAndUsedMember_3" xlink:label="label_OneVesselHeldAndUsedMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OneVesselHeldAndUsedMember" xlink:type="resource" xml:lang="en-US">One dry bulk vessel held and used</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OneVesselHeldAndUsedMember" xlink:title="label: OneVesselHeldAndUsedMember to label_OneVesselHeldAndUsedMember" xlink:to="label_OneVesselHeldAndUsedMember_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" xlink:label="IncreaseDecreaseInDeferredIncomeTaxes" xlink:title="IncreaseDecreaseInDeferredIncomeTaxes" xlink:type="locator"/>
    <label id="label_IncreaseDecreaseInDeferredIncomeTaxes" xlink:label="label_IncreaseDecreaseInDeferredIncomeTaxes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseInDeferredIncomeTaxes" xlink:type="resource" xml:lang="en-US">Income tax benefit</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInDeferredIncomeTaxes" xlink:title="label: IncreaseDecreaseInDeferredIncomeTaxes to label_IncreaseDecreaseInDeferredIncomeTaxes" xlink:to="label_IncreaseDecreaseInDeferredIncomeTaxes" xlink:type="arc"/>
    <label id="label_IncreaseDecreaseInDeferredIncomeTaxes_2" xlink:label="label_IncreaseDecreaseInDeferredIncomeTaxes_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInDeferredIncomeTaxes" xlink:type="resource" xml:lang="en-US">Increase Decrease In Deferred Income Taxes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInDeferredIncomeTaxes" xlink:title="label: IncreaseDecreaseInDeferredIncomeTaxes to label_IncreaseDecreaseInDeferredIncomeTaxes" xlink:to="label_IncreaseDecreaseInDeferredIncomeTaxes_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TaxReformMember" xlink:label="TaxReformMember" xlink:title="TaxReformMember" xlink:type="locator"/>
    <label id="label_TaxReformMember" xlink:label="label_TaxReformMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxReformMember" xlink:type="resource" xml:lang="en-US">Tax Reform [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxReformMember" xlink:title="label: TaxReformMember to label_TaxReformMember" xlink:to="label_TaxReformMember" xlink:type="arc"/>
    <label id="label_TaxReformMember_2" xlink:label="label_TaxReformMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TaxReformMember" xlink:type="resource" xml:lang="en-US">Tax Reform</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxReformMember" xlink:title="label: TaxReformMember to label_TaxReformMember" xlink:to="label_TaxReformMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TangibleAssetImpairmentCharges" xlink:label="TangibleAssetImpairmentCharges" xlink:title="TangibleAssetImpairmentCharges" xlink:type="locator"/>
    <label id="label_TangibleAssetImpairmentCharges" xlink:label="label_TangibleAssetImpairmentCharges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TangibleAssetImpairmentCharges" xlink:type="resource" xml:lang="en-US">Tangible Asset Impairment Charges</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TangibleAssetImpairmentCharges" xlink:title="label: TangibleAssetImpairmentCharges to label_TangibleAssetImpairmentCharges" xlink:to="label_TangibleAssetImpairmentCharges" xlink:type="arc"/>
    <label id="label_TangibleAssetImpairmentCharges_2" xlink:label="label_TangibleAssetImpairmentCharges_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_TangibleAssetImpairmentCharges" xlink:type="resource" xml:lang="en-US">Vessel impairment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TangibleAssetImpairmentCharges" xlink:title="label: TangibleAssetImpairmentCharges to label_TangibleAssetImpairmentCharges" xlink:to="label_TangibleAssetImpairmentCharges_2" xlink:type="arc"/>
    <label id="label_TangibleAssetImpairmentCharges_3" xlink:label="label_TangibleAssetImpairmentCharges_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TangibleAssetImpairmentCharges" xlink:type="resource" xml:lang="en-US">Impairment loss</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TangibleAssetImpairmentCharges" xlink:title="label: TangibleAssetImpairmentCharges to label_TangibleAssetImpairmentCharges" xlink:to="label_TangibleAssetImpairmentCharges_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment" xlink:label="AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment" xlink:title="AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment" xlink:type="locator"/>
    <label id="label_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment" xlink:label="label_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment" xlink:type="resource" xml:lang="en-US">Accumulated Depreciation DepletionAnd Amortization Impairment Loss Of Property Plant And Equipment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment" xlink:title="label: AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment to label_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment" xlink:to="label_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment" xlink:type="arc"/>
    <label id="label_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment_2" xlink:label="label_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment" xlink:type="resource" xml:lang="en-US">Vessel impairment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment" xlink:title="label: AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment to label_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment" xlink:to="label_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment_2" xlink:type="arc"/>
    <label id="label_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment_3" xlink:label="label_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment" xlink:type="resource" xml:lang="en-US">Amount of decrease in accumulated depreciation, depletion and amortization as a result of impairment of property, plant and equipment.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment" xlink:title="label: AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment to label_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment" xlink:to="label_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHorizonMember" xlink:label="NaviosHorizonMember" xlink:title="NaviosHorizonMember" xlink:type="locator"/>
    <label id="label_NaviosHorizonMember" xlink:label="label_NaviosHorizonMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHorizonMember" xlink:type="resource" xml:lang="en-US">Navios Horizon [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHorizonMember" xlink:title="label: NaviosHorizonMember to label_NaviosHorizonMember" xlink:to="label_NaviosHorizonMember" xlink:type="arc"/>
    <label id="label_NaviosHorizonMember_2" xlink:label="label_NaviosHorizonMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHorizonMember" xlink:type="resource" xml:lang="en-US">Navios Horizon</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHorizonMember" xlink:title="label: NaviosHorizonMember to label_NaviosHorizonMember" xlink:to="label_NaviosHorizonMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationConsideration" xlink:label="DisposalGroupIncludingDiscontinuedOperationConsideration" xlink:title="DisposalGroupIncludingDiscontinuedOperationConsideration" xlink:type="locator"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationConsideration" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationConsideration" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationConsideration" xlink:type="resource" xml:lang="en-US">Disposal Group, Including Discontinued Operation, Consideration</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationConsideration" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationConsideration to label_DisposalGroupIncludingDiscontinuedOperationConsideration" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationConsideration" xlink:type="arc"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationConsideration_2" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationConsideration_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationConsideration" xlink:type="resource" xml:lang="en-US">Vessel sale price</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationConsideration" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationConsideration to label_DisposalGroupIncludingDiscontinuedOperationConsideration" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationConsideration_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CapitalizedCostImpairmentLoss" xlink:label="CapitalizedCostImpairmentLoss" xlink:title="CapitalizedCostImpairmentLoss" xlink:type="locator"/>
    <label id="label_CapitalizedCostImpairmentLoss" xlink:label="label_CapitalizedCostImpairmentLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CapitalizedCostImpairmentLoss" xlink:type="resource" xml:lang="en-US">Amount of impairment loss on capitalized special survey and dry dock costs.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalizedCostImpairmentLoss" xlink:title="label: CapitalizedCostImpairmentLoss to label_CapitalizedCostImpairmentLoss" xlink:to="label_CapitalizedCostImpairmentLoss" xlink:type="arc"/>
    <label id="label_CapitalizedCostImpairmentLoss_2" xlink:label="label_CapitalizedCostImpairmentLoss_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CapitalizedCostImpairmentLoss" xlink:type="resource" xml:lang="en-US">Capitalized Cost Impairment Loss</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalizedCostImpairmentLoss" xlink:title="label: CapitalizedCostImpairmentLoss to label_CapitalizedCostImpairmentLoss" xlink:to="label_CapitalizedCostImpairmentLoss_2" xlink:type="arc"/>
    <label id="label_CapitalizedCostImpairmentLoss_3" xlink:label="label_CapitalizedCostImpairmentLoss_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CapitalizedCostImpairmentLoss" xlink:type="resource" xml:lang="en-US">Capitalized Cost, Impairment Loss</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalizedCostImpairmentLoss" xlink:title="label: CapitalizedCostImpairmentLoss to label_CapitalizedCostImpairmentLoss" xlink:to="label_CapitalizedCostImpairmentLoss_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CoversForDryBargesMember" xlink:label="CoversForDryBargesMember" xlink:title="CoversForDryBargesMember" xlink:type="locator"/>
    <label id="label_CoversForDryBargesMember" xlink:label="label_CoversForDryBargesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CoversForDryBargesMember" xlink:type="resource" xml:lang="en-US">Covers For Dry Barges [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CoversForDryBargesMember" xlink:title="label: CoversForDryBargesMember to label_CoversForDryBargesMember" xlink:to="label_CoversForDryBargesMember" xlink:type="arc"/>
    <label id="label_CoversForDryBargesMember_2" xlink:label="label_CoversForDryBargesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CoversForDryBargesMember" xlink:type="resource" xml:lang="en-US">Covers for Dry Barges</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CoversForDryBargesMember" xlink:title="label: CoversForDryBargesMember to label_CoversForDryBargesMember" xlink:to="label_CoversForDryBargesMember_2" xlink:type="arc"/>
    <label id="label_CoversForDryBargesMember_3" xlink:label="label_CoversForDryBargesMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CoversForDryBargesMember" xlink:type="resource" xml:lang="en-US">Construction of covers of barges</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CoversForDryBargesMember" xlink:title="label: CoversForDryBargesMember to label_CoversForDryBargesMember" xlink:to="label_CoversForDryBargesMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ConsiderationEquityComponent" xlink:label="ConsiderationEquityComponent" xlink:title="ConsiderationEquityComponent" xlink:type="locator"/>
    <label id="label_ConsiderationEquityComponent" xlink:label="label_ConsiderationEquityComponent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConsiderationEquityComponent" xlink:type="resource" xml:lang="en-US">Consideration Equity Component</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsiderationEquityComponent" xlink:title="label: ConsiderationEquityComponent to label_ConsiderationEquityComponent" xlink:to="label_ConsiderationEquityComponent" xlink:type="arc"/>
    <label id="label_ConsiderationEquityComponent_2" xlink:label="label_ConsiderationEquityComponent_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ConsiderationEquityComponent" xlink:type="resource" xml:lang="en-US">The carrying amount of the equity component of notes receivable.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsiderationEquityComponent" xlink:title="label: ConsiderationEquityComponent to label_ConsiderationEquityComponent" xlink:to="label_ConsiderationEquityComponent_2" xlink:type="arc"/>
    <label id="label_ConsiderationEquityComponent_3" xlink:label="label_ConsiderationEquityComponent_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConsiderationEquityComponent" xlink:type="resource" xml:lang="en-US">Consideration equity component</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsiderationEquityComponent" xlink:title="label: ConsiderationEquityComponent to label_ConsiderationEquityComponent" xlink:to="label_ConsiderationEquityComponent_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosRevolvingLoansITransferMember" xlink:label="NaviosRevolvingLoansITransferMember" xlink:title="NaviosRevolvingLoansITransferMember" xlink:type="locator"/>
    <label id="label_NaviosRevolvingLoansITransferMember" xlink:label="label_NaviosRevolvingLoansITransferMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosRevolvingLoansITransferMember" xlink:type="resource" xml:lang="en-US">Navios Revolving Loans I Transfer [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosRevolvingLoansITransferMember" xlink:title="label: NaviosRevolvingLoansITransferMember to label_NaviosRevolvingLoansITransferMember" xlink:to="label_NaviosRevolvingLoansITransferMember" xlink:type="arc"/>
    <label id="label_NaviosRevolvingLoansITransferMember_2" xlink:label="label_NaviosRevolvingLoansITransferMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosRevolvingLoansITransferMember" xlink:type="resource" xml:lang="en-US">Navios Revolving Loans I Transfer</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosRevolvingLoansITransferMember" xlink:title="label: NaviosRevolvingLoansITransferMember to label_NaviosRevolvingLoansITransferMember" xlink:to="label_NaviosRevolvingLoansITransferMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosContainersIIIMember" xlink:label="NaviosContainersIIIMember" xlink:title="NaviosContainersIIIMember" xlink:type="locator"/>
    <label id="label_NaviosContainersIIIMember" xlink:label="label_NaviosContainersIIIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosContainersIIIMember" xlink:type="resource" xml:lang="en-US">Navios Containers III [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersIIIMember" xlink:title="label: NaviosContainersIIIMember to label_NaviosContainersIIIMember" xlink:to="label_NaviosContainersIIIMember" xlink:type="arc"/>
    <label id="label_NaviosContainersIIIMember_2" xlink:label="label_NaviosContainersIIIMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosContainersIIIMember" xlink:type="resource" xml:lang="en-US">Navios Containers</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersIIIMember" xlink:title="label: NaviosContainersIIIMember to label_NaviosContainersIIIMember" xlink:to="label_NaviosContainersIIIMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosContainersIMember" xlink:label="NaviosContainersIMember" xlink:title="NaviosContainersIMember" xlink:type="locator"/>
    <label id="label_NaviosContainersIMember" xlink:label="label_NaviosContainersIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosContainersIMember" xlink:type="resource" xml:lang="en-US">Navios Containers I [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersIMember" xlink:title="label: NaviosContainersIMember to label_NaviosContainersIMember" xlink:to="label_NaviosContainersIMember" xlink:type="arc"/>
    <label id="label_NaviosContainersIMember_2" xlink:label="label_NaviosContainersIMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosContainersIMember" xlink:type="resource" xml:lang="en-US">Navios Containers</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersIMember" xlink:title="label: NaviosContainersIMember to label_NaviosContainersIMember" xlink:to="label_NaviosContainersIMember_2" xlink:type="arc"/>
    <label id="label_NaviosContainersIMember_3" xlink:label="label_NaviosContainersIMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NaviosContainersIMember" xlink:type="resource" xml:lang="en-US">Navios Containers borrowings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersIMember" xlink:title="label: NaviosContainersIMember to label_NaviosContainersIMember" xlink:to="label_NaviosContainersIMember_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WarrantMember" xlink:label="WarrantMember" xlink:title="WarrantMember" xlink:type="locator"/>
    <label id="label_WarrantMember" xlink:label="label_WarrantMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WarrantMember" xlink:type="resource" xml:lang="en-US">Warrant [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WarrantMember" xlink:title="label: WarrantMember to label_WarrantMember" xlink:to="label_WarrantMember" xlink:type="arc"/>
    <label id="label_WarrantMember_2" xlink:label="label_WarrantMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WarrantMember" xlink:type="resource" xml:lang="en-US">Warrants</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WarrantMember" xlink:title="label: WarrantMember to label_WarrantMember" xlink:to="label_WarrantMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RetirementPlanTypeDomain" xlink:label="RetirementPlanTypeDomain" xlink:title="RetirementPlanTypeDomain" xlink:type="locator"/>
    <label id="label_RetirementPlanTypeDomain" xlink:label="label_RetirementPlanTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RetirementPlanTypeDomain" xlink:type="resource" xml:lang="en-US">Retirement Plan Type [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetirementPlanTypeDomain" xlink:title="label: RetirementPlanTypeDomain to label_RetirementPlanTypeDomain" xlink:to="label_RetirementPlanTypeDomain" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SeveranceAndRetirementCompensationPlanMember" xlink:label="SeveranceAndRetirementCompensationPlanMember" xlink:title="SeveranceAndRetirementCompensationPlanMember" xlink:type="locator"/>
    <label id="label_SeveranceAndRetirementCompensationPlanMember" xlink:label="label_SeveranceAndRetirementCompensationPlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeveranceAndRetirementCompensationPlanMember" xlink:type="resource" xml:lang="en-US">Severance And Retirement Compensation Plan [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeveranceAndRetirementCompensationPlanMember" xlink:title="label: SeveranceAndRetirementCompensationPlanMember to label_SeveranceAndRetirementCompensationPlanMember" xlink:to="label_SeveranceAndRetirementCompensationPlanMember" xlink:type="arc"/>
    <label id="label_SeveranceAndRetirementCompensationPlanMember_2" xlink:label="label_SeveranceAndRetirementCompensationPlanMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeveranceAndRetirementCompensationPlanMember" xlink:type="resource" xml:lang="en-US">Severance and retirement compensation plan</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeveranceAndRetirementCompensationPlanMember" xlink:title="label: SeveranceAndRetirementCompensationPlanMember to label_SeveranceAndRetirementCompensationPlanMember" xlink:to="label_SeveranceAndRetirementCompensationPlanMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill" xlink:label="ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill" xlink:title="ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill" xlink:type="locator"/>
    <label id="label_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill" xlink:label="label_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill" xlink:type="resource" xml:lang="en-US">Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill" xlink:title="label: ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill to label_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill" xlink:to="label_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill" xlink:type="arc"/>
    <label id="label_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill_2" xlink:label="label_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill" xlink:type="resource" xml:lang="en-US">Impairment loss of intangible assets other than goodwill</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill" xlink:title="label: ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill to label_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill" xlink:to="label_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PercentageFinancedByThirdParty" xlink:label="PercentageFinancedByThirdParty" xlink:title="PercentageFinancedByThirdParty" xlink:type="locator"/>
    <label id="label_PercentageFinancedByThirdParty" xlink:label="label_PercentageFinancedByThirdParty" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentageFinancedByThirdParty" xlink:type="resource" xml:lang="en-US">Percentage of an acquisition purchase price financed by a third party.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageFinancedByThirdParty" xlink:title="label: PercentageFinancedByThirdParty to label_PercentageFinancedByThirdParty" xlink:to="label_PercentageFinancedByThirdParty" xlink:type="arc"/>
    <label id="label_PercentageFinancedByThirdParty_2" xlink:label="label_PercentageFinancedByThirdParty_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageFinancedByThirdParty" xlink:type="resource" xml:lang="en-US">Percentage Financed By Third Party</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageFinancedByThirdParty" xlink:title="label: PercentageFinancedByThirdParty to label_PercentageFinancedByThirdParty" xlink:to="label_PercentageFinancedByThirdParty_2" xlink:type="arc"/>
    <label id="label_PercentageFinancedByThirdParty_3" xlink:label="label_PercentageFinancedByThirdParty_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageFinancedByThirdParty" xlink:type="resource" xml:lang="en-US">Percentage financed by third party</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageFinancedByThirdParty" xlink:title="label: PercentageFinancedByThirdParty to label_PercentageFinancedByThirdParty" xlink:to="label_PercentageFinancedByThirdParty_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AmountFinancedByThirdParty" xlink:label="AmountFinancedByThirdParty" xlink:title="AmountFinancedByThirdParty" xlink:type="locator"/>
    <label id="label_AmountFinancedByThirdParty" xlink:label="label_AmountFinancedByThirdParty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountFinancedByThirdParty" xlink:type="resource" xml:lang="en-US">Amount Financed By Third Party</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountFinancedByThirdParty" xlink:title="label: AmountFinancedByThirdParty to label_AmountFinancedByThirdParty" xlink:to="label_AmountFinancedByThirdParty" xlink:type="arc"/>
    <label id="label_AmountFinancedByThirdParty_2" xlink:label="label_AmountFinancedByThirdParty_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmountFinancedByThirdParty" xlink:type="resource" xml:lang="en-US">Amount financed by third party</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountFinancedByThirdParty" xlink:title="label: AmountFinancedByThirdParty to label_AmountFinancedByThirdParty" xlink:to="label_AmountFinancedByThirdParty_2" xlink:type="arc"/>
    <label id="label_AmountFinancedByThirdParty_3" xlink:label="label_AmountFinancedByThirdParty_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmountFinancedByThirdParty" xlink:type="resource" xml:lang="en-US">Amount of credit secured from a third party in a transaction.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountFinancedByThirdParty" xlink:title="label: AmountFinancedByThirdParty to label_AmountFinancedByThirdParty" xlink:to="label_AmountFinancedByThirdParty_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:label="VariableInterestEntityEntityMaximumLossExposureAmount" xlink:title="VariableInterestEntityEntityMaximumLossExposureAmount" xlink:type="locator"/>
    <label id="label_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:label="label_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityEntityMaximumLossExposureAmount" xlink:title="label: VariableInterestEntityEntityMaximumLossExposureAmount to label_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:to="label_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:type="arc"/>
    <label id="label_VariableInterestEntityEntityMaximumLossExposureAmount_2" xlink:label="label_VariableInterestEntityEntityMaximumLossExposureAmount_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:type="resource" xml:lang="en-US">Estimated maximum potential loss</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityEntityMaximumLossExposureAmount" xlink:title="label: VariableInterestEntityEntityMaximumLossExposureAmount to label_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:to="label_VariableInterestEntityEntityMaximumLossExposureAmount_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1" xlink:label="ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1" xlink:title="ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1" xlink:type="locator"/>
    <label id="label_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1" xlink:label="label_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1" xlink:type="resource" xml:lang="en-US">Class of Warrant or Right, Exercise Price of Warrants or Rights</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1" xlink:title="label: ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1 to label_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1" xlink:to="label_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1" xlink:type="arc"/>
    <label id="label_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_2" xlink:label="label_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1" xlink:type="resource" xml:lang="en-US">Exercise price</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1" xlink:title="label: ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1 to label_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1" xlink:to="label_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SaleOfStockPercentageOfOwnershipAfterTransaction" xlink:label="SaleOfStockPercentageOfOwnershipAfterTransaction" xlink:title="SaleOfStockPercentageOfOwnershipAfterTransaction" xlink:type="locator"/>
    <label id="label_SaleOfStockPercentageOfOwnershipAfterTransaction" xlink:label="label_SaleOfStockPercentageOfOwnershipAfterTransaction" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SaleOfStockPercentageOfOwnershipAfterTransaction" xlink:type="resource" xml:lang="en-US">Sale of Stock, Percentage of Ownership after Transaction</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleOfStockPercentageOfOwnershipAfterTransaction" xlink:title="label: SaleOfStockPercentageOfOwnershipAfterTransaction to label_SaleOfStockPercentageOfOwnershipAfterTransaction" xlink:to="label_SaleOfStockPercentageOfOwnershipAfterTransaction" xlink:type="arc"/>
    <label id="label_SaleOfStockPercentageOfOwnershipAfterTransaction_2" xlink:label="label_SaleOfStockPercentageOfOwnershipAfterTransaction_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SaleOfStockPercentageOfOwnershipAfterTransaction" xlink:type="resource" xml:lang="en-US">Ownership percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleOfStockPercentageOfOwnershipAfterTransaction" xlink:title="label: SaleOfStockPercentageOfOwnershipAfterTransaction to label_SaleOfStockPercentageOfOwnershipAfterTransaction" xlink:to="label_SaleOfStockPercentageOfOwnershipAfterTransaction_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_HSHNordbankMember" xlink:label="HSHNordbankMember" xlink:title="HSHNordbankMember" xlink:type="locator"/>
    <label id="label_HSHNordbankMember" xlink:label="label_HSHNordbankMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HSHNordbankMember" xlink:type="resource" xml:lang="en-US">HSH Nordbank [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HSHNordbankMember" xlink:title="label: HSHNordbankMember to label_HSHNordbankMember" xlink:to="label_HSHNordbankMember" xlink:type="arc"/>
    <label id="label_HSHNordbankMember_2" xlink:label="label_HSHNordbankMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HSHNordbankMember" xlink:type="resource" xml:lang="en-US">HSH Nordbank ($15,300)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HSHNordbankMember" xlink:title="label: HSHNordbankMember to label_HSHNordbankMember" xlink:to="label_HSHNordbankMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosLogisticsAlphaBankLoanMember" xlink:label="NaviosLogisticsAlphaBankLoanMember" xlink:title="NaviosLogisticsAlphaBankLoanMember" xlink:type="locator"/>
    <label id="label_NaviosLogisticsAlphaBankLoanMember" xlink:label="label_NaviosLogisticsAlphaBankLoanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosLogisticsAlphaBankLoanMember" xlink:type="resource" xml:lang="en-US">Navios Logistics Alpha Bank Loan [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsAlphaBankLoanMember" xlink:title="label: NaviosLogisticsAlphaBankLoanMember to label_NaviosLogisticsAlphaBankLoanMember" xlink:to="label_NaviosLogisticsAlphaBankLoanMember" xlink:type="arc"/>
    <label id="label_NaviosLogisticsAlphaBankLoanMember_2" xlink:label="label_NaviosLogisticsAlphaBankLoanMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosLogisticsAlphaBankLoanMember" xlink:type="resource" xml:lang="en-US">Navios Logistics Alpha Bank Loan</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsAlphaBankLoanMember" xlink:title="label: NaviosLogisticsAlphaBankLoanMember to label_NaviosLogisticsAlphaBankLoanMember" xlink:to="label_NaviosLogisticsAlphaBankLoanMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosLogisticsTermLoanBFacilityMember" xlink:label="NaviosLogisticsTermLoanBFacilityMember" xlink:title="NaviosLogisticsTermLoanBFacilityMember" xlink:type="locator"/>
    <label id="label_NaviosLogisticsTermLoanBFacilityMember" xlink:label="label_NaviosLogisticsTermLoanBFacilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosLogisticsTermLoanBFacilityMember" xlink:type="resource" xml:lang="en-US">Navios Logistics Term Loan B Facility [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsTermLoanBFacilityMember" xlink:title="label: NaviosLogisticsTermLoanBFacilityMember to label_NaviosLogisticsTermLoanBFacilityMember" xlink:to="label_NaviosLogisticsTermLoanBFacilityMember" xlink:type="arc"/>
    <label id="label_NaviosLogisticsTermLoanBFacilityMember_2" xlink:label="label_NaviosLogisticsTermLoanBFacilityMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosLogisticsTermLoanBFacilityMember" xlink:type="resource" xml:lang="en-US">Navios Logistics Term Loan B Facility</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsTermLoanBFacilityMember" xlink:title="label: NaviosLogisticsTermLoanBFacilityMember to label_NaviosLogisticsTermLoanBFacilityMember" xlink:to="label_NaviosLogisticsTermLoanBFacilityMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SeniorSecuredNotesMember" xlink:label="SeniorSecuredNotesMember" xlink:title="SeniorSecuredNotesMember" xlink:type="locator"/>
    <label id="label_SeniorSecuredNotesMember" xlink:label="label_SeniorSecuredNotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeniorSecuredNotesMember" xlink:type="resource" xml:lang="en-US">Senior Secured Notes [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorSecuredNotesMember" xlink:title="label: SeniorSecuredNotesMember to label_SeniorSecuredNotesMember" xlink:to="label_SeniorSecuredNotesMember" xlink:type="arc"/>
    <label id="label_SeniorSecuredNotesMember_2" xlink:label="label_SeniorSecuredNotesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeniorSecuredNotesMember" xlink:type="resource" xml:lang="en-US">2022 Senior Secured Notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorSecuredNotesMember" xlink:title="label: SeniorSecuredNotesMember to label_SeniorSecuredNotesMember" xlink:to="label_SeniorSecuredNotesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DebtInstrumentIssuancePricePercentage" xlink:label="DebtInstrumentIssuancePricePercentage" xlink:title="DebtInstrumentIssuancePricePercentage" xlink:type="locator"/>
    <label id="label_DebtInstrumentIssuancePricePercentage" xlink:label="label_DebtInstrumentIssuancePricePercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentIssuancePricePercentage" xlink:type="resource" xml:lang="en-US">Debt Instrument Issuance Price Percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentIssuancePricePercentage" xlink:title="label: DebtInstrumentIssuancePricePercentage to label_DebtInstrumentIssuancePricePercentage" xlink:to="label_DebtInstrumentIssuancePricePercentage" xlink:type="arc"/>
    <label id="label_DebtInstrumentIssuancePricePercentage_2" xlink:label="label_DebtInstrumentIssuancePricePercentage_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentIssuancePricePercentage" xlink:type="resource" xml:lang="en-US">Debt instrument, issuance price percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentIssuancePricePercentage" xlink:title="label: DebtInstrumentIssuancePricePercentage to label_DebtInstrumentIssuancePricePercentage" xlink:to="label_DebtInstrumentIssuancePricePercentage_2" xlink:type="arc"/>
    <label id="label_DebtInstrumentIssuancePricePercentage_3" xlink:label="label_DebtInstrumentIssuancePricePercentage_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtInstrumentIssuancePricePercentage" xlink:type="resource" xml:lang="en-US">Percentage price of original principal amount of debt at which debt was issued.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentIssuancePricePercentage" xlink:title="label: DebtInstrumentIssuancePricePercentage to label_DebtInstrumentIssuancePricePercentage" xlink:to="label_DebtInstrumentIssuancePricePercentage_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SeniorSecuredNotes2Member" xlink:label="SeniorSecuredNotes2Member" xlink:title="SeniorSecuredNotes2Member" xlink:type="locator"/>
    <label id="label_SeniorSecuredNotes2Member" xlink:label="label_SeniorSecuredNotes2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeniorSecuredNotes2Member" xlink:type="resource" xml:lang="en-US">Senior Secured Notes 2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorSecuredNotes2Member" xlink:title="label: SeniorSecuredNotes2Member to label_SeniorSecuredNotes2Member" xlink:to="label_SeniorSecuredNotes2Member" xlink:type="arc"/>
    <label id="label_SeniorSecuredNotes2Member_2" xlink:label="label_SeniorSecuredNotes2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeniorSecuredNotes2Member" xlink:type="resource" xml:lang="en-US">Senior Secured Notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorSecuredNotes2Member" xlink:title="label: SeniorSecuredNotes2Member to label_SeniorSecuredNotes2Member" xlink:to="label_SeniorSecuredNotes2Member_2" xlink:type="arc"/>
    <label id="label_SeniorSecuredNotes2Member_3" xlink:label="label_SeniorSecuredNotes2Member_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_SeniorSecuredNotes2Member" xlink:type="resource" xml:lang="en-US">2022 Senior Secured Notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorSecuredNotes2Member" xlink:title="label: SeniorSecuredNotes2Member to label_SeniorSecuredNotes2Member" xlink:to="label_SeniorSecuredNotes2Member_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DebtInstrumentRedemptionPeriodSeniorSecuredNotesMember" xlink:label="DebtInstrumentRedemptionPeriodSeniorSecuredNotesMember" xlink:title="DebtInstrumentRedemptionPeriodSeniorSecuredNotesMember" xlink:type="locator"/>
    <label id="label_DebtInstrumentRedemptionPeriodSeniorSecuredNotesMember" xlink:label="label_DebtInstrumentRedemptionPeriodSeniorSecuredNotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentRedemptionPeriodSeniorSecuredNotesMember" xlink:type="resource" xml:lang="en-US">Debt Instrument Redemption Period Senior Secured Notes [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodSeniorSecuredNotesMember" xlink:title="label: DebtInstrumentRedemptionPeriodSeniorSecuredNotesMember to label_DebtInstrumentRedemptionPeriodSeniorSecuredNotesMember" xlink:to="label_DebtInstrumentRedemptionPeriodSeniorSecuredNotesMember" xlink:type="arc"/>
    <label id="label_DebtInstrumentRedemptionPeriodSeniorSecuredNotesMember_2" xlink:label="label_DebtInstrumentRedemptionPeriodSeniorSecuredNotesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentRedemptionPeriodSeniorSecuredNotesMember" xlink:type="resource" xml:lang="en-US">On or after November 21, 2017</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodSeniorSecuredNotesMember" xlink:title="label: DebtInstrumentRedemptionPeriodSeniorSecuredNotesMember to label_DebtInstrumentRedemptionPeriodSeniorSecuredNotesMember" xlink:to="label_DebtInstrumentRedemptionPeriodSeniorSecuredNotesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FromSecondToNinthInstallmentMember" xlink:label="FromSecondToNinthInstallmentMember" xlink:title="FromSecondToNinthInstallmentMember" xlink:type="locator"/>
    <label id="label_FromSecondToNinthInstallmentMember" xlink:label="label_FromSecondToNinthInstallmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FromSecondToNinthInstallmentMember" xlink:type="resource" xml:lang="en-US">From Second To Ninth Installment [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FromSecondToNinthInstallmentMember" xlink:title="label: FromSecondToNinthInstallmentMember to label_FromSecondToNinthInstallmentMember" xlink:to="label_FromSecondToNinthInstallmentMember" xlink:type="arc"/>
    <label id="label_FromSecondToNinthInstallmentMember_2" xlink:label="label_FromSecondToNinthInstallmentMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FromSecondToNinthInstallmentMember" xlink:type="resource" xml:lang="en-US">From 2nd to 9th installment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FromSecondToNinthInstallmentMember" xlink:title="label: FromSecondToNinthInstallmentMember to label_FromSecondToNinthInstallmentMember" xlink:to="label_FromSecondToNinthInstallmentMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax" xlink:label="OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax" xlink:title="OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax" xlink:type="locator"/>
    <label id="label_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax" xlink:label="label_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax" xlink:type="resource" xml:lang="en-US">Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, before Tax</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax" xlink:title="label: OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax to label_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax" xlink:to="label_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax" xlink:type="arc"/>
    <label id="label_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax_2" xlink:label="label_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax" xlink:type="resource" xml:lang="en-US">Realized holding loss on investments in-available-for-sale-securities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax" xlink:title="label: OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax to label_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax" xlink:to="label_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xlink:label="OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xlink:title="OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xlink:type="locator"/>
    <label id="label_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xlink:label="label_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xlink:type="resource" xml:lang="en-US">Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Loss, before Tax, Including Portion Attributable to Noncontrolling Interest, Available-for-sale Securities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xlink:title="label: OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities to label_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xlink:to="label_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xlink:type="arc"/>
    <label id="label_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities_2" xlink:label="label_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xlink:type="resource" xml:lang="en-US">Realized holding loss on investments in-available-for-sale-securities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xlink:title="label: OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities to label_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xlink:to="label_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoanRestructuringModificationAxis" xlink:label="LoanRestructuringModificationAxis" xlink:title="LoanRestructuringModificationAxis" xlink:type="locator"/>
    <label id="label_LoanRestructuringModificationAxis" xlink:label="label_LoanRestructuringModificationAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoanRestructuringModificationAxis" xlink:type="resource" xml:lang="en-US">Loan Restructuring Modification [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanRestructuringModificationAxis" xlink:title="label: LoanRestructuringModificationAxis to label_LoanRestructuringModificationAxis" xlink:to="label_LoanRestructuringModificationAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoanRestructuringModificationDomain" xlink:label="LoanRestructuringModificationDomain" xlink:title="LoanRestructuringModificationDomain" xlink:type="locator"/>
    <label id="label_LoanRestructuringModificationDomain" xlink:label="label_LoanRestructuringModificationDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoanRestructuringModificationDomain" xlink:type="resource" xml:lang="en-US">Loan Restructuring Modification [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoanRestructuringModificationDomain" xlink:title="label: LoanRestructuringModificationDomain to label_LoanRestructuringModificationDomain" xlink:to="label_LoanRestructuringModificationDomain" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ExtendedMaturity1Member" xlink:label="ExtendedMaturity1Member" xlink:title="ExtendedMaturity1Member" xlink:type="locator"/>
    <label id="label_ExtendedMaturity1Member" xlink:label="label_ExtendedMaturity1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExtendedMaturity1Member" xlink:type="resource" xml:lang="en-US">Extended Maturity 1 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtendedMaturity1Member" xlink:title="label: ExtendedMaturity1Member to label_ExtendedMaturity1Member" xlink:to="label_ExtendedMaturity1Member" xlink:type="arc"/>
    <label id="label_ExtendedMaturity1Member_2" xlink:label="label_ExtendedMaturity1Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExtendedMaturity1Member" xlink:type="resource" xml:lang="en-US">Amount outstanding to be repaid within the extended period (up to August 2021)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtendedMaturity1Member" xlink:title="label: ExtendedMaturity1Member to label_ExtendedMaturity1Member" xlink:to="label_ExtendedMaturity1Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FromSecondToTenthInstallmentMember" xlink:label="FromSecondToTenthInstallmentMember" xlink:title="FromSecondToTenthInstallmentMember" xlink:type="locator"/>
    <label id="label_FromSecondToTenthInstallmentMember" xlink:label="label_FromSecondToTenthInstallmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FromSecondToTenthInstallmentMember" xlink:type="resource" xml:lang="en-US">From Second To Tenth Installment [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FromSecondToTenthInstallmentMember" xlink:title="label: FromSecondToTenthInstallmentMember to label_FromSecondToTenthInstallmentMember" xlink:to="label_FromSecondToTenthInstallmentMember" xlink:type="arc"/>
    <label id="label_FromSecondToTenthInstallmentMember_2" xlink:label="label_FromSecondToTenthInstallmentMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FromSecondToTenthInstallmentMember" xlink:type="resource" xml:lang="en-US">From 2nd to 7th installment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FromSecondToTenthInstallmentMember" xlink:title="label: FromSecondToTenthInstallmentMember to label_FromSecondToTenthInstallmentMember" xlink:to="label_FromSecondToTenthInstallmentMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FromSecondToEightethInstallmentMember" xlink:label="FromSecondToEightethInstallmentMember" xlink:title="FromSecondToEightethInstallmentMember" xlink:type="locator"/>
    <label id="label_FromSecondToEightethInstallmentMember" xlink:label="label_FromSecondToEightethInstallmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FromSecondToEightethInstallmentMember" xlink:type="resource" xml:lang="en-US">From Second To Eighteth Installment [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FromSecondToEightethInstallmentMember" xlink:title="label: FromSecondToEightethInstallmentMember to label_FromSecondToEightethInstallmentMember" xlink:to="label_FromSecondToEightethInstallmentMember" xlink:type="arc"/>
    <label id="label_FromSecondToEightethInstallmentMember_2" xlink:label="label_FromSecondToEightethInstallmentMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FromSecondToEightethInstallmentMember" xlink:type="resource" xml:lang="en-US">From 2nd to 8th installment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FromSecondToEightethInstallmentMember" xlink:title="label: FromSecondToEightethInstallmentMember to label_FromSecondToEightethInstallmentMember" xlink:to="label_FromSecondToEightethInstallmentMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_HSHNordbank2Member" xlink:label="HSHNordbank2Member" xlink:title="HSHNordbank2Member" xlink:type="locator"/>
    <label id="label_HSHNordbank2Member" xlink:label="label_HSHNordbank2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HSHNordbank2Member" xlink:type="resource" xml:lang="en-US">HSH Nordbank 2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HSHNordbank2Member" xlink:title="label: HSHNordbank2Member to label_HSHNordbank2Member" xlink:to="label_HSHNordbank2Member" xlink:type="arc"/>
    <label id="label_HSHNordbank2Member_2" xlink:label="label_HSHNordbank2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HSHNordbank2Member" xlink:type="resource" xml:lang="en-US">HSH Nordbank A.G. ($15,300) to partially refinance the 4th tranche of the Commerzbank facility</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HSHNordbank2Member" xlink:title="label: HSHNordbank2Member to label_HSHNordbank2Member" xlink:to="label_HSHNordbank2Member_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentMaturityDateRangeEnd1" xlink:label="DebtInstrumentMaturityDateRangeEnd1" xlink:title="DebtInstrumentMaturityDateRangeEnd1" xlink:type="locator"/>
    <label id="label_DebtInstrumentMaturityDateRangeEnd1" xlink:label="label_DebtInstrumentMaturityDateRangeEnd1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentMaturityDateRangeEnd1" xlink:type="resource" xml:lang="en-US">Debt Instrument, Maturity Date Range, End</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentMaturityDateRangeEnd1" xlink:title="label: DebtInstrumentMaturityDateRangeEnd1 to label_DebtInstrumentMaturityDateRangeEnd1" xlink:to="label_DebtInstrumentMaturityDateRangeEnd1" xlink:type="arc"/>
    <label id="label_DebtInstrumentMaturityDateRangeEnd1_2" xlink:label="label_DebtInstrumentMaturityDateRangeEnd1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentMaturityDateRangeEnd1" xlink:type="resource" xml:lang="en-US">Last day of outstanding debt to be repaid</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentMaturityDateRangeEnd1" xlink:title="label: DebtInstrumentMaturityDateRangeEnd1 to label_DebtInstrumentMaturityDateRangeEnd1" xlink:to="label_DebtInstrumentMaturityDateRangeEnd1_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:label="MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:title="MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:type="locator"/>
    <label id="label_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:label="label_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:type="resource" xml:lang="en-US">Noncontrolling interest of Navios Containers (Note 3)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:title="label: MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders to label_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:to="label_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:type="arc"/>
    <label id="label_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_2" xlink:label="label_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:title="label: MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders to label_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:to="label_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_2" xlink:type="arc"/>
    <label id="label_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_3" xlink:label="label_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:type="resource" xml:lang="en-US">Dividends paid to the non controlling shareholders</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:title="label: MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders to label_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:to="label_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityExpirationPeriod" xlink:label="LineOfCreditFacilityExpirationPeriod" xlink:title="LineOfCreditFacilityExpirationPeriod" xlink:type="locator"/>
    <label id="label_LineOfCreditFacilityExpirationPeriod" xlink:label="label_LineOfCreditFacilityExpirationPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineOfCreditFacilityExpirationPeriod" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Expiration Period</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityExpirationPeriod" xlink:title="label: LineOfCreditFacilityExpirationPeriod to label_LineOfCreditFacilityExpirationPeriod" xlink:to="label_LineOfCreditFacilityExpirationPeriod" xlink:type="arc"/>
    <label id="label_LineOfCreditFacilityExpirationPeriod_2" xlink:label="label_LineOfCreditFacilityExpirationPeriod_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LineOfCreditFacilityExpirationPeriod" xlink:type="resource" xml:lang="en-US">Line of credit facility, expiration period</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityExpirationPeriod" xlink:title="label: LineOfCreditFacilityExpirationPeriod to label_LineOfCreditFacilityExpirationPeriod" xlink:to="label_LineOfCreditFacilityExpirationPeriod_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ExtendedMaturity2Member" xlink:label="ExtendedMaturity2Member" xlink:title="ExtendedMaturity2Member" xlink:type="locator"/>
    <label id="label_ExtendedMaturity2Member" xlink:label="label_ExtendedMaturity2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExtendedMaturity2Member" xlink:type="resource" xml:lang="en-US">Extended Maturity 2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtendedMaturity2Member" xlink:title="label: ExtendedMaturity2Member to label_ExtendedMaturity2Member" xlink:to="label_ExtendedMaturity2Member" xlink:type="arc"/>
    <label id="label_ExtendedMaturity2Member_2" xlink:label="label_ExtendedMaturity2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExtendedMaturity2Member" xlink:type="resource" xml:lang="en-US">Amount outstanding to be repaid within the extended period (up to September 2021)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtendedMaturity2Member" xlink:title="label: ExtendedMaturity2Member to label_ExtendedMaturity2Member" xlink:to="label_ExtendedMaturity2Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ValueToLoanRatio" xlink:label="ValueToLoanRatio" xlink:title="ValueToLoanRatio" xlink:type="locator"/>
    <label id="label_ValueToLoanRatio" xlink:label="label_ValueToLoanRatio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ValueToLoanRatio" xlink:type="resource" xml:lang="en-US">Value To Loan Ratio</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValueToLoanRatio" xlink:title="label: ValueToLoanRatio to label_ValueToLoanRatio" xlink:to="label_ValueToLoanRatio" xlink:type="arc"/>
    <label id="label_ValueToLoanRatio_2" xlink:label="label_ValueToLoanRatio_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ValueToLoanRatio" xlink:type="resource" xml:lang="en-US">Value to loan ratio</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValueToLoanRatio" xlink:title="label: ValueToLoanRatio to label_ValueToLoanRatio" xlink:to="label_ValueToLoanRatio_2" xlink:type="arc"/>
    <label id="label_ValueToLoanRatio_3" xlink:label="label_ValueToLoanRatio_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ValueToLoanRatio" xlink:type="resource" xml:lang="en-US">The value to loan ratio, is a lending risk assessment ratio that is calculated as the amount of the appraised value of the assets to the loan amount, expressed as a percentage.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValueToLoanRatio" xlink:title="label: ValueToLoanRatio to label_ValueToLoanRatio" xlink:to="label_ValueToLoanRatio_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CompensatingBalanceAmount" xlink:label="CompensatingBalanceAmount" xlink:title="CompensatingBalanceAmount" xlink:type="locator"/>
    <label id="label_CompensatingBalanceAmount" xlink:label="label_CompensatingBalanceAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CompensatingBalanceAmount" xlink:type="resource" xml:lang="en-US">Compensating Balance Amount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CompensatingBalanceAmount" xlink:title="label: CompensatingBalanceAmount to label_CompensatingBalanceAmount" xlink:to="label_CompensatingBalanceAmount" xlink:type="arc"/>
    <label id="label_CompensatingBalanceAmount_2" xlink:label="label_CompensatingBalanceAmount_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CompensatingBalanceAmount" xlink:type="resource" xml:lang="en-US">Minimum liquidity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CompensatingBalanceAmount" xlink:title="label: CompensatingBalanceAmount to label_CompensatingBalanceAmount" xlink:to="label_CompensatingBalanceAmount_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NetTotalDebtToAssets" xlink:label="NetTotalDebtToAssets" xlink:title="NetTotalDebtToAssets" xlink:type="locator"/>
    <label id="label_NetTotalDebtToAssets" xlink:label="label_NetTotalDebtToAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetTotalDebtToAssets" xlink:type="resource" xml:lang="en-US">Net Total Debt To Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetTotalDebtToAssets" xlink:title="label: NetTotalDebtToAssets to label_NetTotalDebtToAssets" xlink:to="label_NetTotalDebtToAssets" xlink:type="arc"/>
    <label id="label_NetTotalDebtToAssets_2" xlink:label="label_NetTotalDebtToAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetTotalDebtToAssets" xlink:type="resource" xml:lang="en-US">Net total debt to assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetTotalDebtToAssets" xlink:title="label: NetTotalDebtToAssets to label_NetTotalDebtToAssets" xlink:to="label_NetTotalDebtToAssets_2" xlink:type="arc"/>
    <label id="label_NetTotalDebtToAssets_3" xlink:label="label_NetTotalDebtToAssets_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NetTotalDebtToAssets" xlink:type="resource" xml:lang="en-US">Total debt to total assets ratio, is a leverage ratio that defines the amount of debt relative to assets, expressed as a percentage.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetTotalDebtToAssets" xlink:title="label: NetTotalDebtToAssets to label_NetTotalDebtToAssets" xlink:to="label_NetTotalDebtToAssets_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CovenantsWaivedUpToFourQuartersMember" xlink:label="CovenantsWaivedUpToFourQuartersMember" xlink:title="CovenantsWaivedUpToFourQuartersMember" xlink:type="locator"/>
    <label id="label_CovenantsWaivedUpToFourQuartersMember" xlink:label="label_CovenantsWaivedUpToFourQuartersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CovenantsWaivedUpToFourQuartersMember" xlink:type="resource" xml:lang="en-US">Covenants Waived Up To Four Quarters [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CovenantsWaivedUpToFourQuartersMember" xlink:title="label: CovenantsWaivedUpToFourQuartersMember to label_CovenantsWaivedUpToFourQuartersMember" xlink:to="label_CovenantsWaivedUpToFourQuartersMember" xlink:type="arc"/>
    <label id="label_CovenantsWaivedUpToFourQuartersMember_2" xlink:label="label_CovenantsWaivedUpToFourQuartersMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CovenantsWaivedUpToFourQuartersMember" xlink:type="resource" xml:lang="en-US">Covenants waived up to four quarters</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CovenantsWaivedUpToFourQuartersMember" xlink:title="label: CovenantsWaivedUpToFourQuartersMember to label_CovenantsWaivedUpToFourQuartersMember" xlink:to="label_CovenantsWaivedUpToFourQuartersMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DvbBankFacility3Member" xlink:label="DvbBankFacility3Member" xlink:title="DvbBankFacility3Member" xlink:type="locator"/>
    <label id="label_DvbBankFacility3Member" xlink:label="label_DvbBankFacility3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DvbBankFacility3Member" xlink:type="resource" xml:lang="en-US">Dvb Bank Facility 3 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DvbBankFacility3Member" xlink:title="label: DvbBankFacility3Member to label_DvbBankFacility3Member" xlink:to="label_DvbBankFacility3Member" xlink:type="arc"/>
    <label id="label_DvbBankFacility3Member_2" xlink:label="label_DvbBankFacility3Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DvbBankFacility3Member" xlink:type="resource" xml:lang="en-US">Loan Facility DVB Bank SE ($41,000)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DvbBankFacility3Member" xlink:title="label: DvbBankFacility3Member to label_DvbBankFacility3Member" xlink:to="label_DvbBankFacility3Member_2" xlink:type="arc"/>
    <label id="label_DvbBankFacility3Member_3" xlink:label="label_DvbBankFacility3Member_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DvbBankFacility3Member" xlink:type="resource" xml:lang="en-US">DVB Bank Facility</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DvbBankFacility3Member" xlink:title="label: DvbBankFacility3Member to label_DvbBankFacility3Member" xlink:to="label_DvbBankFacility3Member_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromPaymentsForLongTermLoansForRelatedParties" xlink:label="ProceedsFromPaymentsForLongTermLoansForRelatedParties" xlink:title="ProceedsFromPaymentsForLongTermLoansForRelatedParties" xlink:type="locator"/>
    <label id="label_ProceedsFromPaymentsForLongTermLoansForRelatedParties" xlink:label="label_ProceedsFromPaymentsForLongTermLoansForRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromPaymentsForLongTermLoansForRelatedParties" xlink:type="resource" xml:lang="en-US">Proceeds from Collection of (Payments to Fund) Long-term Loans to Related Parties</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromPaymentsForLongTermLoansForRelatedParties" xlink:title="label: ProceedsFromPaymentsForLongTermLoansForRelatedParties to label_ProceedsFromPaymentsForLongTermLoansForRelatedParties" xlink:to="label_ProceedsFromPaymentsForLongTermLoansForRelatedParties" xlink:type="arc"/>
    <label id="label_ProceedsFromPaymentsForLongTermLoansForRelatedParties_2" xlink:label="label_ProceedsFromPaymentsForLongTermLoansForRelatedParties_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromPaymentsForLongTermLoansForRelatedParties" xlink:type="resource" xml:lang="en-US">Loan repayment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromPaymentsForLongTermLoansForRelatedParties" xlink:title="label: ProceedsFromPaymentsForLongTermLoansForRelatedParties to label_ProceedsFromPaymentsForLongTermLoansForRelatedParties" xlink:to="label_ProceedsFromPaymentsForLongTermLoansForRelatedParties_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToFundLongtermLoansToRelatedParties" xlink:label="PaymentsToFundLongtermLoansToRelatedParties" xlink:title="PaymentsToFundLongtermLoansToRelatedParties" xlink:type="locator"/>
    <label id="label_PaymentsToFundLongtermLoansToRelatedParties" xlink:label="label_PaymentsToFundLongtermLoansToRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsToFundLongtermLoansToRelatedParties" xlink:type="resource" xml:lang="en-US">Payments to Fund Long-term Loans to Related Parties</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToFundLongtermLoansToRelatedParties" xlink:title="label: PaymentsToFundLongtermLoansToRelatedParties to label_PaymentsToFundLongtermLoansToRelatedParties" xlink:to="label_PaymentsToFundLongtermLoansToRelatedParties" xlink:type="arc"/>
    <label id="label_PaymentsToFundLongtermLoansToRelatedParties_2" xlink:label="label_PaymentsToFundLongtermLoansToRelatedParties_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsToFundLongtermLoansToRelatedParties" xlink:type="resource" xml:lang="en-US">Prepayment amount of loan facility with related party</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToFundLongtermLoansToRelatedParties" xlink:title="label: PaymentsToFundLongtermLoansToRelatedParties to label_PaymentsToFundLongtermLoansToRelatedParties" xlink:to="label_PaymentsToFundLongtermLoansToRelatedParties_2" xlink:type="arc"/>
    <label id="label_PaymentsToFundLongtermLoansToRelatedParties_3" xlink:label="label_PaymentsToFundLongtermLoansToRelatedParties_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PaymentsToFundLongtermLoansToRelatedParties" xlink:type="resource" xml:lang="en-US">Payments to fund loans</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToFundLongtermLoansToRelatedParties" xlink:title="label: PaymentsToFundLongtermLoansToRelatedParties to label_PaymentsToFundLongtermLoansToRelatedParties" xlink:to="label_PaymentsToFundLongtermLoansToRelatedParties_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseRelatedParty" xlink:label="InterestExpenseRelatedParty" xlink:title="InterestExpenseRelatedParty" xlink:type="locator"/>
    <label id="label_InterestExpenseRelatedParty" xlink:label="label_InterestExpenseRelatedParty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestExpenseRelatedParty" xlink:type="resource" xml:lang="en-US">Interest Expense, Related Party</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseRelatedParty" xlink:title="label: InterestExpenseRelatedParty to label_InterestExpenseRelatedParty" xlink:to="label_InterestExpenseRelatedParty" xlink:type="arc"/>
    <label id="label_InterestExpenseRelatedParty_2" xlink:label="label_InterestExpenseRelatedParty_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestExpenseRelatedParty" xlink:type="resource" xml:lang="en-US">Interest expense, related party</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseRelatedParty" xlink:title="label: InterestExpenseRelatedParty to label_InterestExpenseRelatedParty" xlink:to="label_InterestExpenseRelatedParty_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentTerm" xlink:label="DebtInstrumentTerm" xlink:title="DebtInstrumentTerm" xlink:type="locator"/>
    <label id="label_DebtInstrumentTerm" xlink:label="label_DebtInstrumentTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentTerm" xlink:type="resource" xml:lang="en-US">Debt Instrument, Term</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentTerm" xlink:title="label: DebtInstrumentTerm to label_DebtInstrumentTerm" xlink:to="label_DebtInstrumentTerm" xlink:type="arc"/>
    <label id="label_DebtInstrumentTerm_2" xlink:label="label_DebtInstrumentTerm_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentTerm" xlink:type="resource" xml:lang="en-US">Duration of loan</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentTerm" xlink:title="label: DebtInstrumentTerm to label_DebtInstrumentTerm" xlink:to="label_DebtInstrumentTerm_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DebtAmortizationPercentage" xlink:label="DebtAmortizationPercentage" xlink:title="DebtAmortizationPercentage" xlink:type="locator"/>
    <label id="label_DebtAmortizationPercentage" xlink:label="label_DebtAmortizationPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtAmortizationPercentage" xlink:type="resource" xml:lang="en-US">Debt Amortization Percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtAmortizationPercentage" xlink:title="label: DebtAmortizationPercentage to label_DebtAmortizationPercentage" xlink:to="label_DebtAmortizationPercentage" xlink:type="arc"/>
    <label id="label_DebtAmortizationPercentage_2" xlink:label="label_DebtAmortizationPercentage_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtAmortizationPercentage" xlink:type="resource" xml:lang="en-US">Debt amortization percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtAmortizationPercentage" xlink:title="label: DebtAmortizationPercentage to label_DebtAmortizationPercentage" xlink:to="label_DebtAmortizationPercentage_2" xlink:type="arc"/>
    <label id="label_DebtAmortizationPercentage_3" xlink:label="label_DebtAmortizationPercentage_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtAmortizationPercentage" xlink:type="resource" xml:lang="en-US">This element represents the debt amortization percentage.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtAmortizationPercentage" xlink:title="label: DebtAmortizationPercentage to label_DebtAmortizationPercentage" xlink:to="label_DebtAmortizationPercentage_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SecuredCreditFacilitiesOneFacilityMember" xlink:label="SecuredCreditFacilitiesOneFacilityMember" xlink:title="SecuredCreditFacilitiesOneFacilityMember" xlink:type="locator"/>
    <label id="label_SecuredCreditFacilitiesOneFacilityMember" xlink:label="label_SecuredCreditFacilitiesOneFacilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SecuredCreditFacilitiesOneFacilityMember" xlink:type="resource" xml:lang="en-US">Secured Credit Facilities One Facility [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecuredCreditFacilitiesOneFacilityMember" xlink:title="label: SecuredCreditFacilitiesOneFacilityMember to label_SecuredCreditFacilitiesOneFacilityMember" xlink:to="label_SecuredCreditFacilitiesOneFacilityMember" xlink:type="arc"/>
    <label id="label_SecuredCreditFacilitiesOneFacilityMember_2" xlink:label="label_SecuredCreditFacilitiesOneFacilityMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SecuredCreditFacilitiesOneFacilityMember" xlink:type="resource" xml:lang="en-US">One of the secured credit facilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecuredCreditFacilitiesOneFacilityMember" xlink:title="label: SecuredCreditFacilitiesOneFacilityMember to label_SecuredCreditFacilitiesOneFacilityMember" xlink:to="label_SecuredCreditFacilitiesOneFacilityMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SecuredNotesOneNoteMember" xlink:label="SecuredNotesOneNoteMember" xlink:title="SecuredNotesOneNoteMember" xlink:type="locator"/>
    <label id="label_SecuredNotesOneNoteMember" xlink:label="label_SecuredNotesOneNoteMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SecuredNotesOneNoteMember" xlink:type="resource" xml:lang="en-US">Secured Notes One Note Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecuredNotesOneNoteMember" xlink:title="label: SecuredNotesOneNoteMember to label_SecuredNotesOneNoteMember" xlink:to="label_SecuredNotesOneNoteMember" xlink:type="arc"/>
    <label id="label_SecuredNotesOneNoteMember_2" xlink:label="label_SecuredNotesOneNoteMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SecuredNotesOneNoteMember" xlink:type="resource" xml:lang="en-US">One of the secured notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecuredNotesOneNoteMember" xlink:title="label: SecuredNotesOneNoteMember to label_SecuredNotesOneNoteMember" xlink:to="label_SecuredNotesOneNoteMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ForTheYear2018Member" xlink:label="ForTheYear2018Member" xlink:title="ForTheYear2018Member" xlink:type="locator"/>
    <label id="label_ForTheYear2018Member" xlink:label="label_ForTheYear2018Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForTheYear2018Member" xlink:type="resource" xml:lang="en-US">For The Year 2018 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForTheYear2018Member" xlink:title="label: ForTheYear2018Member to label_ForTheYear2018Member" xlink:to="label_ForTheYear2018Member" xlink:type="arc"/>
    <label id="label_ForTheYear2018Member_2" xlink:label="label_ForTheYear2018Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForTheYear2018Member" xlink:type="resource" xml:lang="en-US">For the year 2018</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForTheYear2018Member" xlink:title="label: ForTheYear2018Member to label_ForTheYear2018Member" xlink:to="label_ForTheYear2018Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_From2022OnwardsMember" xlink:label="From2020OnwardsMember" xlink:title="From2020OnwardsMember" xlink:type="locator"/>
    <label id="label_From2020OnwardsMember" xlink:label="label_From2020OnwardsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_From2020OnwardsMember" xlink:type="resource" xml:lang="en-US">From 2022 Onwards [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="From2020OnwardsMember" xlink:title="label: From2020OnwardsMember to label_From2020OnwardsMember" xlink:to="label_From2020OnwardsMember" xlink:type="arc"/>
    <label id="label_From2020OnwardsMember_2" xlink:label="label_From2020OnwardsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_From2020OnwardsMember" xlink:type="resource" xml:lang="en-US">From 2022 onwards</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="From2020OnwardsMember" xlink:title="label: From2020OnwardsMember to label_From2020OnwardsMember" xlink:to="label_From2020OnwardsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_From2020to2021Member" xlink:label="FromJanuary2019Member" xlink:title="FromJanuary2019Member" xlink:type="locator"/>
    <label id="label_FromJanuary2019Member" xlink:label="label_FromJanuary2019Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FromJanuary2019Member" xlink:type="resource" xml:lang="en-US">From 2020 to 2021 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FromJanuary2019Member" xlink:title="label: FromJanuary2019Member to label_FromJanuary2019Member" xlink:to="label_FromJanuary2019Member" xlink:type="arc"/>
    <label id="label_FromJanuary2019Member_2" xlink:label="label_FromJanuary2019Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FromJanuary2019Member" xlink:type="resource" xml:lang="en-US">From 2020 to 2021</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FromJanuary2019Member" xlink:title="label: FromJanuary2019Member to label_FromJanuary2019Member" xlink:to="label_FromJanuary2019Member_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NumberOfReportableSegments" xlink:label="NumberOfReportableSegments" xlink:title="NumberOfReportableSegments" xlink:type="locator"/>
    <label id="label_NumberOfReportableSegments" xlink:label="label_NumberOfReportableSegments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfReportableSegments" xlink:type="resource" xml:lang="en-US">Number Of Reportable Segments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfReportableSegments" xlink:title="label: NumberOfReportableSegments to label_NumberOfReportableSegments" xlink:to="label_NumberOfReportableSegments" xlink:type="arc"/>
    <label id="label_NumberOfReportableSegments_2" xlink:label="label_NumberOfReportableSegments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfReportableSegments" xlink:type="resource" xml:lang="en-US">Number of Reportable Segments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfReportableSegments" xlink:title="label: NumberOfReportableSegments to label_NumberOfReportableSegments" xlink:to="label_NumberOfReportableSegments_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentFairValueDisclosure" xlink:label="PropertyPlantAndEquipmentFairValueDisclosure" xlink:title="PropertyPlantAndEquipmentFairValueDisclosure" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentFairValueDisclosure" xlink:label="label_PropertyPlantAndEquipmentFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Property, Plant, and Equipment, Fair Value Disclosure</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentFairValueDisclosure" xlink:title="label: PropertyPlantAndEquipmentFairValueDisclosure to label_PropertyPlantAndEquipmentFairValueDisclosure" xlink:to="label_PropertyPlantAndEquipmentFairValueDisclosure" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentFairValueDisclosure_2" xlink:label="label_PropertyPlantAndEquipmentFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Vessels, port terminals and other fixed assets, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentFairValueDisclosure" xlink:title="label: PropertyPlantAndEquipmentFairValueDisclosure to label_PropertyPlantAndEquipmentFairValueDisclosure" xlink:to="label_PropertyPlantAndEquipmentFairValueDisclosure_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FirstJapaneseBulkCarrierMember" xlink:label="FirstJapaneseBulkCarrierMember" xlink:title="FirstJapaneseBulkCarrierMember" xlink:type="locator"/>
    <label id="label_FirstJapaneseBulkCarrierMember" xlink:label="label_FirstJapaneseBulkCarrierMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FirstJapaneseBulkCarrierMember" xlink:type="resource" xml:lang="en-US">First Japanese Bulk Carrier [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstJapaneseBulkCarrierMember" xlink:title="label: FirstJapaneseBulkCarrierMember to label_FirstJapaneseBulkCarrierMember" xlink:to="label_FirstJapaneseBulkCarrierMember" xlink:type="arc"/>
    <label id="label_FirstJapaneseBulkCarrierMember_2" xlink:label="label_FirstJapaneseBulkCarrierMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FirstJapaneseBulkCarrierMember" xlink:type="resource" xml:lang="en-US">First Japanese bulk carrier</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstJapaneseBulkCarrierMember" xlink:title="label: FirstJapaneseBulkCarrierMember to label_FirstJapaneseBulkCarrierMember" xlink:to="label_FirstJapaneseBulkCarrierMember_2" xlink:type="arc"/>
    <label id="label_FirstJapaneseBulkCarrierMember_3" xlink:label="label_FirstJapaneseBulkCarrierMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FirstJapaneseBulkCarrierMember" xlink:type="resource" xml:lang="en-US">First newbuilding bulk carrier</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstJapaneseBulkCarrierMember" xlink:title="label: FirstJapaneseBulkCarrierMember to label_FirstJapaneseBulkCarrierMember" xlink:to="label_FirstJapaneseBulkCarrierMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SecondJapaneseBulkCarrierMember" xlink:label="SecondJapaneseBulkCarrierMember" xlink:title="SecondJapaneseBulkCarrierMember" xlink:type="locator"/>
    <label id="label_SecondJapaneseBulkCarrierMember" xlink:label="label_SecondJapaneseBulkCarrierMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SecondJapaneseBulkCarrierMember" xlink:type="resource" xml:lang="en-US">Second Japanese Bulk Carrier [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecondJapaneseBulkCarrierMember" xlink:title="label: SecondJapaneseBulkCarrierMember to label_SecondJapaneseBulkCarrierMember" xlink:to="label_SecondJapaneseBulkCarrierMember" xlink:type="arc"/>
    <label id="label_SecondJapaneseBulkCarrierMember_2" xlink:label="label_SecondJapaneseBulkCarrierMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SecondJapaneseBulkCarrierMember" xlink:type="resource" xml:lang="en-US">Second Japanese bulk carrier</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecondJapaneseBulkCarrierMember" xlink:title="label: SecondJapaneseBulkCarrierMember to label_SecondJapaneseBulkCarrierMember" xlink:to="label_SecondJapaneseBulkCarrierMember_2" xlink:type="arc"/>
    <label id="label_SecondJapaneseBulkCarrierMember_3" xlink:label="label_SecondJapaneseBulkCarrierMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_SecondJapaneseBulkCarrierMember" xlink:type="resource" xml:lang="en-US">Second newbuilding bulk carrier</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecondJapaneseBulkCarrierMember" xlink:title="label: SecondJapaneseBulkCarrierMember to label_SecondJapaneseBulkCarrierMember" xlink:to="label_SecondJapaneseBulkCarrierMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_JapaneseBulkCarriersMember" xlink:label="JapaneseBulkCarriersMember" xlink:title="JapaneseBulkCarriersMember" xlink:type="locator"/>
    <label id="label_JapaneseBulkCarriersMember" xlink:label="label_JapaneseBulkCarriersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_JapaneseBulkCarriersMember" xlink:type="resource" xml:lang="en-US">Japanese Bulk Carriers [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JapaneseBulkCarriersMember" xlink:title="label: JapaneseBulkCarriersMember to label_JapaneseBulkCarriersMember" xlink:to="label_JapaneseBulkCarriersMember" xlink:type="arc"/>
    <label id="label_JapaneseBulkCarriersMember_2" xlink:label="label_JapaneseBulkCarriersMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_JapaneseBulkCarriersMember" xlink:type="resource" xml:lang="en-US">Japanese bulk carriers</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JapaneseBulkCarriersMember" xlink:title="label: JapaneseBulkCarriersMember to label_JapaneseBulkCarriersMember" xlink:to="label_JapaneseBulkCarriersMember_2" xlink:type="arc"/>
    <label id="label_JapaneseBulkCarriersMember_3" xlink:label="label_JapaneseBulkCarriersMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_JapaneseBulkCarriersMember" xlink:type="resource" xml:lang="en-US">Newbuilding bulk carriers</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JapaneseBulkCarriersMember" xlink:title="label: JapaneseBulkCarriersMember to label_JapaneseBulkCarriersMember" xlink:to="label_JapaneseBulkCarriersMember_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits" xlink:label="PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits" xlink:title="PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits" xlink:type="locator"/>
    <label id="label_PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits" xlink:label="label_PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits" xlink:type="resource" xml:lang="en-US">Property Subject to or Available for Operating Lease, Number of Units</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits" xlink:title="label: PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits to label_PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits" xlink:to="label_PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits" xlink:type="arc"/>
    <label id="label_PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits_2" xlink:label="label_PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits" xlink:type="resource" xml:lang="en-US">Number of vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits" xlink:title="label: PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits to label_PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits" xlink:to="label_PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PaymentForCharterInUponContractSigning" xlink:label="PaymentForCharterInUponContractSigning" xlink:title="PaymentForCharterInUponContractSigning" xlink:type="locator"/>
    <label id="label_PaymentForCharterInUponContractSigning_3" xlink:label="label_PaymentForCharterInUponContractSigning_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentForCharterInUponContractSigning" xlink:type="resource" xml:lang="en-US">Payment For Charter In Upon Contract Signing</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentForCharterInUponContractSigning" xlink:title="label: PaymentForCharterInUponContractSigning to label_PaymentForCharterInUponContractSigning" xlink:to="label_PaymentForCharterInUponContractSigning_3" xlink:type="arc"/>
    <label id="label_PaymentForCharterInUponContractSigning" xlink:label="label_PaymentForCharterInUponContractSigning" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentForCharterInUponContractSigning" xlink:type="resource" xml:lang="en-US">Payment upon signing of contract</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentForCharterInUponContractSigning" xlink:title="label: PaymentForCharterInUponContractSigning to label_PaymentForCharterInUponContractSigning" xlink:to="label_PaymentForCharterInUponContractSigning" xlink:type="arc"/>
    <label id="label_PaymentForCharterInUponContractSigning_2" xlink:label="label_PaymentForCharterInUponContractSigning_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PaymentForCharterInUponContractSigning" xlink:type="resource" xml:lang="en-US">Amount of cash paid upon the signing of the contract.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentForCharterInUponContractSigning" xlink:title="label: PaymentForCharterInUponContractSigning to label_PaymentForCharterInUponContractSigning" xlink:to="label_PaymentForCharterInUponContractSigning_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosEquatorProsperMember" xlink:label="NaviosEquatorProsperMember" xlink:title="NaviosEquatorProsperMember" xlink:type="locator"/>
    <label id="label_NaviosEquatorProsperMember" xlink:label="label_NaviosEquatorProsperMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosEquatorProsperMember" xlink:type="resource" xml:lang="en-US">Navios Equator Prosper [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEquatorProsperMember" xlink:title="label: NaviosEquatorProsperMember to label_NaviosEquatorProsperMember" xlink:to="label_NaviosEquatorProsperMember" xlink:type="arc"/>
    <label id="label_NaviosEquatorProsperMember_2" xlink:label="label_NaviosEquatorProsperMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosEquatorProsperMember" xlink:type="resource" xml:lang="en-US">Navios Equator Prosper</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosEquatorProsperMember" xlink:title="label: NaviosEquatorProsperMember to label_NaviosEquatorProsperMember" xlink:to="label_NaviosEquatorProsperMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHeraklesMember" xlink:label="NaviosHeraklesMember" xlink:title="NaviosHeraklesMember" xlink:type="locator"/>
    <label id="label_NaviosHeraklesMember" xlink:label="label_NaviosHeraklesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHeraklesMember" xlink:type="resource" xml:lang="en-US">Navios Herakles [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHeraklesMember" xlink:title="label: NaviosHeraklesMember to label_NaviosHeraklesMember" xlink:to="label_NaviosHeraklesMember" xlink:type="arc"/>
    <label id="label_NaviosHeraklesMember_2" xlink:label="label_NaviosHeraklesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHeraklesMember" xlink:type="resource" xml:lang="en-US">Navios Herakles</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHeraklesMember" xlink:title="label: NaviosHeraklesMember to label_NaviosHeraklesMember" xlink:to="label_NaviosHeraklesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FirstInstallmentMember" xlink:label="FirstInstallmentMember" xlink:title="FirstInstallmentMember" xlink:type="locator"/>
    <label id="label_FirstInstallmentMember" xlink:label="label_FirstInstallmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FirstInstallmentMember" xlink:type="resource" xml:lang="en-US">First Installment [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstInstallmentMember" xlink:title="label: FirstInstallmentMember to label_FirstInstallmentMember" xlink:to="label_FirstInstallmentMember" xlink:type="arc"/>
    <label id="label_FirstInstallmentMember_2" xlink:label="label_FirstInstallmentMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FirstInstallmentMember" xlink:type="resource" xml:lang="en-US">First installment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstInstallmentMember" xlink:title="label: FirstInstallmentMember to label_FirstInstallmentMember" xlink:to="label_FirstInstallmentMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeasePayments" xlink:label="OperatingLeasePayments" xlink:title="OperatingLeasePayments" xlink:type="locator"/>
    <label id="label_OperatingLeasePayments" xlink:label="label_OperatingLeasePayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeasePayments" xlink:type="resource" xml:lang="en-US">Operating Lease, Payments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasePayments" xlink:title="label: OperatingLeasePayments to label_OperatingLeasePayments" xlink:to="label_OperatingLeasePayments" xlink:type="arc"/>
    <label id="label_OperatingLeasePayments_2" xlink:label="label_OperatingLeasePayments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeasePayments" xlink:type="resource" xml:lang="en-US">Payment under a lease contract agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasePayments" xlink:title="label: OperatingLeasePayments to label_OperatingLeasePayments" xlink:to="label_OperatingLeasePayments_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LeaseArrangementTypeDomain" xlink:label="LeaseArrangementTypeDomain" xlink:title="LeaseArrangementTypeDomain" xlink:type="locator"/>
    <label id="label_LeaseArrangementTypeDomain" xlink:label="label_LeaseArrangementTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LeaseArrangementTypeDomain" xlink:type="resource" xml:lang="en-US">Lease Arrangement, Type [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseArrangementTypeDomain" xlink:title="label: LeaseArrangementTypeDomain to label_LeaseArrangementTypeDomain" xlink:to="label_LeaseArrangementTypeDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LeaseArrangementTypeAxis" xlink:label="LeaseArrangementTypeAxis" xlink:title="LeaseArrangementTypeAxis" xlink:type="locator"/>
    <label id="label_LeaseArrangementTypeAxis" xlink:label="label_LeaseArrangementTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LeaseArrangementTypeAxis" xlink:type="resource" xml:lang="en-US">Lease Arrangement, Type [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseArrangementTypeAxis" xlink:title="label: LeaseArrangementTypeAxis to label_LeaseArrangementTypeAxis" xlink:to="label_LeaseArrangementTypeAxis" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FutureLeasePaymentsMember" xlink:label="FutureLeasePaymentsMember" xlink:title="FutureLeasePaymentsMember" xlink:type="locator"/>
    <label id="label_FutureLeasePaymentsMember" xlink:label="label_FutureLeasePaymentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FutureLeasePaymentsMember" xlink:type="resource" xml:lang="en-US">Future Lease Payments [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FutureLeasePaymentsMember" xlink:title="label: FutureLeasePaymentsMember to label_FutureLeasePaymentsMember" xlink:to="label_FutureLeasePaymentsMember" xlink:type="arc"/>
    <label id="label_FutureLeasePaymentsMember_2" xlink:label="label_FutureLeasePaymentsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FutureLeasePaymentsMember" xlink:type="resource" xml:lang="en-US">Future lease payments, until either party terminates the agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FutureLeasePaymentsMember" xlink:title="label: FutureLeasePaymentsMember to label_FutureLeasePaymentsMember" xlink:to="label_FutureLeasePaymentsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AutomaticExtensionOfManagementAgreementMember" xlink:label="AutomaticExtensionOfManagementAgreementMember" xlink:title="AutomaticExtensionOfManagementAgreementMember" xlink:type="locator"/>
    <label id="label_AutomaticExtensionOfManagementAgreementMember" xlink:label="label_AutomaticExtensionOfManagementAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AutomaticExtensionOfManagementAgreementMember" xlink:type="resource" xml:lang="en-US">Automatic Extension Of Management Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AutomaticExtensionOfManagementAgreementMember" xlink:title="label: AutomaticExtensionOfManagementAgreementMember to label_AutomaticExtensionOfManagementAgreementMember" xlink:to="label_AutomaticExtensionOfManagementAgreementMember" xlink:type="arc"/>
    <label id="label_AutomaticExtensionOfManagementAgreementMember_2" xlink:label="label_AutomaticExtensionOfManagementAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AutomaticExtensionOfManagementAgreementMember" xlink:type="resource" xml:lang="en-US">Automatic extension of management agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AutomaticExtensionOfManagementAgreementMember" xlink:title="label: AutomaticExtensionOfManagementAgreementMember to label_AutomaticExtensionOfManagementAgreementMember" xlink:to="label_AutomaticExtensionOfManagementAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosContainersAgreementMember" xlink:label="NaviosContainersAgreementMember" xlink:title="NaviosContainersAgreementMember" xlink:type="locator"/>
    <label id="label_NaviosContainersAgreementMember" xlink:label="label_NaviosContainersAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosContainersAgreementMember" xlink:type="resource" xml:lang="en-US">Navios Containers Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersAgreementMember" xlink:title="label: NaviosContainersAgreementMember to label_NaviosContainersAgreementMember" xlink:to="label_NaviosContainersAgreementMember" xlink:type="arc"/>
    <label id="label_NaviosContainersAgreementMember_2" xlink:label="label_NaviosContainersAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosContainersAgreementMember" xlink:type="resource" xml:lang="en-US">Navios Containers agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersAgreementMember" xlink:title="label: NaviosContainersAgreementMember to label_NaviosContainersAgreementMember" xlink:to="label_NaviosContainersAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosContainersAutomaticExtensionAgreementMember" xlink:label="NaviosContainersAutomaticExtensionAgreementMember" xlink:title="NaviosContainersAutomaticExtensionAgreementMember" xlink:type="locator"/>
    <label id="label_NaviosContainersAutomaticExtensionAgreementMember" xlink:label="label_NaviosContainersAutomaticExtensionAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosContainersAutomaticExtensionAgreementMember" xlink:type="resource" xml:lang="en-US">Navios Containers Automatic Extension Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersAutomaticExtensionAgreementMember" xlink:title="label: NaviosContainersAutomaticExtensionAgreementMember to label_NaviosContainersAutomaticExtensionAgreementMember" xlink:to="label_NaviosContainersAutomaticExtensionAgreementMember" xlink:type="arc"/>
    <label id="label_NaviosContainersAutomaticExtensionAgreementMember_2" xlink:label="label_NaviosContainersAutomaticExtensionAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosContainersAutomaticExtensionAgreementMember" xlink:type="resource" xml:lang="en-US">Navios Containers agreement with automatic extension</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersAutomaticExtensionAgreementMember" xlink:title="label: NaviosContainersAutomaticExtensionAgreementMember to label_NaviosContainersAutomaticExtensionAgreementMember" xlink:to="label_NaviosContainersAutomaticExtensionAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ContainerVesselMoreThanFourThousandTwentyFootEquivalentUnitsMember" xlink:label="ContainerVesselMoreThanFourThousandTwentyFootEquivalentUnitsMember" xlink:title="ContainerVesselMoreThanFourThousandTwentyFootEquivalentUnitsMember" xlink:type="locator"/>
    <label id="label_ContainerVesselMoreThanFourThousandTwentyFootEquivalentUnitsMember" xlink:label="label_ContainerVesselMoreThanFourThousandTwentyFootEquivalentUnitsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContainerVesselMoreThanFourThousandTwentyFootEquivalentUnitsMember" xlink:type="resource" xml:lang="en-US">Container Vessel More Than Four Thousand Twenty Foot Equivalent Units [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselMoreThanFourThousandTwentyFootEquivalentUnitsMember" xlink:title="label: ContainerVesselMoreThanFourThousandTwentyFootEquivalentUnitsMember to label_ContainerVesselMoreThanFourThousandTwentyFootEquivalentUnitsMember" xlink:to="label_ContainerVesselMoreThanFourThousandTwentyFootEquivalentUnitsMember" xlink:type="arc"/>
    <label id="label_ContainerVesselMoreThanFourThousandTwentyFootEquivalentUnitsMember_2" xlink:label="label_ContainerVesselMoreThanFourThousandTwentyFootEquivalentUnitsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContainerVesselMoreThanFourThousandTwentyFootEquivalentUnitsMember" xlink:type="resource" xml:lang="en-US">Container vessel of 4,250 TEU</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselMoreThanFourThousandTwentyFootEquivalentUnitsMember" xlink:title="label: ContainerVesselMoreThanFourThousandTwentyFootEquivalentUnitsMember to label_ContainerVesselMoreThanFourThousandTwentyFootEquivalentUnitsMember" xlink:to="label_ContainerVesselMoreThanFourThousandTwentyFootEquivalentUnitsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ContainerVesselMoreThanThreeThousandFourHundredFIftyFootEquivalentUnitsMember" xlink:label="ContainerVesselMoreThanThreeThousandFourHundredFIftyFootEquivalentUnitsMember" xlink:title="ContainerVesselMoreThanThreeThousandFourHundredFIftyFootEquivalentUnitsMember" xlink:type="locator"/>
    <label id="label_ContainerVesselMoreThanThreeThousandFourHundredFIftyFootEquivalentUnitsMember" xlink:label="label_ContainerVesselMoreThanThreeThousandFourHundredFIftyFootEquivalentUnitsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContainerVesselMoreThanThreeThousandFourHundredFIftyFootEquivalentUnitsMember" xlink:type="resource" xml:lang="en-US">Container Vessel More Than Three Thousand Four Hundred FIfty Foot Equivalent Units [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselMoreThanThreeThousandFourHundredFIftyFootEquivalentUnitsMember" xlink:title="label: ContainerVesselMoreThanThreeThousandFourHundredFIftyFootEquivalentUnitsMember to label_ContainerVesselMoreThanThreeThousandFourHundredFIftyFootEquivalentUnitsMember" xlink:to="label_ContainerVesselMoreThanThreeThousandFourHundredFIftyFootEquivalentUnitsMember" xlink:type="arc"/>
    <label id="label_ContainerVesselMoreThanThreeThousandFourHundredFIftyFootEquivalentUnitsMember_2" xlink:label="label_ContainerVesselMoreThanThreeThousandFourHundredFIftyFootEquivalentUnitsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContainerVesselMoreThanThreeThousandFourHundredFIftyFootEquivalentUnitsMember" xlink:type="resource" xml:lang="en-US">Container vessel of 3,450 TEU</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselMoreThanThreeThousandFourHundredFIftyFootEquivalentUnitsMember" xlink:title="label: ContainerVesselMoreThanThreeThousandFourHundredFIftyFootEquivalentUnitsMember to label_ContainerVesselMoreThanThreeThousandFourHundredFIftyFootEquivalentUnitsMember" xlink:to="label_ContainerVesselMoreThanThreeThousandFourHundredFIftyFootEquivalentUnitsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ContainerVesselMoreThanFiveThousandFiveHundredFootEquivalentUnitsMember" xlink:label="ContainerVesselMoreThanFiveThousandFiveHundredFootEquivalentUnitsMember" xlink:title="ContainerVesselMoreThanFiveThousandFiveHundredFootEquivalentUnitsMember" xlink:type="locator"/>
    <label id="label_ContainerVesselMoreThanFiveThousandFiveHundredFootEquivalentUnitsMember" xlink:label="label_ContainerVesselMoreThanFiveThousandFiveHundredFootEquivalentUnitsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContainerVesselMoreThanFiveThousandFiveHundredFootEquivalentUnitsMember" xlink:type="resource" xml:lang="en-US">Container Vessel More Than Five Thousand Five Hundred Foot Equivalent Units [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselMoreThanFiveThousandFiveHundredFootEquivalentUnitsMember" xlink:title="label: ContainerVesselMoreThanFiveThousandFiveHundredFootEquivalentUnitsMember to label_ContainerVesselMoreThanFiveThousandFiveHundredFootEquivalentUnitsMember" xlink:to="label_ContainerVesselMoreThanFiveThousandFiveHundredFootEquivalentUnitsMember" xlink:type="arc"/>
    <label id="label_ContainerVesselMoreThanFiveThousandFiveHundredFootEquivalentUnitsMember_2" xlink:label="label_ContainerVesselMoreThanFiveThousandFiveHundredFootEquivalentUnitsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContainerVesselMoreThanFiveThousandFiveHundredFootEquivalentUnitsMember" xlink:type="resource" xml:lang="en-US">Container vessel of 5,500 TEU</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselMoreThanFiveThousandFiveHundredFootEquivalentUnitsMember" xlink:title="label: ContainerVesselMoreThanFiveThousandFiveHundredFootEquivalentUnitsMember to label_ContainerVesselMoreThanFiveThousandFiveHundredFootEquivalentUnitsMember" xlink:to="label_ContainerVesselMoreThanFiveThousandFiveHundredFootEquivalentUnitsMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ImpairmentOfIntangibleAssetsExcludingGoodwill" xlink:label="ImpairmentOfIntangibleAssetsExcludingGoodwill" xlink:title="ImpairmentOfIntangibleAssetsExcludingGoodwill" xlink:type="locator"/>
    <label id="label_ImpairmentOfIntangibleAssetsExcludingGoodwill" xlink:label="label_ImpairmentOfIntangibleAssetsExcludingGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ImpairmentOfIntangibleAssetsExcludingGoodwill" xlink:type="resource" xml:lang="en-US">Impairment of Intangible Assets (Excluding Goodwill)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentOfIntangibleAssetsExcludingGoodwill" xlink:title="label: ImpairmentOfIntangibleAssetsExcludingGoodwill to label_ImpairmentOfIntangibleAssetsExcludingGoodwill" xlink:to="label_ImpairmentOfIntangibleAssetsExcludingGoodwill" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_IncreaseDecreasePercentageOfPreferredStockDividendRate" xlink:label="IncreaseDecreasePercentageOfPreferredStockDividendRate" xlink:title="IncreaseDecreasePercentageOfPreferredStockDividendRate" xlink:type="locator"/>
    <label id="label_IncreaseDecreasePercentageOfPreferredStockDividendRate" xlink:label="label_IncreaseDecreasePercentageOfPreferredStockDividendRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreasePercentageOfPreferredStockDividendRate" xlink:type="resource" xml:lang="en-US">Increase Decrease Percentage Of Preferred Stock Dividend Rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreasePercentageOfPreferredStockDividendRate" xlink:title="label: IncreaseDecreasePercentageOfPreferredStockDividendRate to label_IncreaseDecreasePercentageOfPreferredStockDividendRate" xlink:to="label_IncreaseDecreasePercentageOfPreferredStockDividendRate" xlink:type="arc"/>
    <label id="label_IncreaseDecreasePercentageOfPreferredStockDividendRate_2" xlink:label="label_IncreaseDecreasePercentageOfPreferredStockDividendRate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreasePercentageOfPreferredStockDividendRate" xlink:type="resource" xml:lang="en-US">Percentage of the increase of the preferred dividend rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreasePercentageOfPreferredStockDividendRate" xlink:title="label: IncreaseDecreasePercentageOfPreferredStockDividendRate to label_IncreaseDecreasePercentageOfPreferredStockDividendRate" xlink:to="label_IncreaseDecreasePercentageOfPreferredStockDividendRate_2" xlink:type="arc"/>
    <label id="label_IncreaseDecreasePercentageOfPreferredStockDividendRate_3" xlink:label="label_IncreaseDecreasePercentageOfPreferredStockDividendRate_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreasePercentageOfPreferredStockDividendRate" xlink:type="resource" xml:lang="en-US">The percentage of increase (decrease) over the percentage rate used to calculate dividend payments on preferred stock.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreasePercentageOfPreferredStockDividendRate" xlink:title="label: IncreaseDecreasePercentageOfPreferredStockDividendRate to label_IncreaseDecreasePercentageOfPreferredStockDividendRate" xlink:to="label_IncreaseDecreasePercentageOfPreferredStockDividendRate_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PreferredStockLiquidationPreferenceValue" xlink:label="PreferredStockLiquidationPreferenceValue" xlink:title="PreferredStockLiquidationPreferenceValue" xlink:type="locator"/>
    <label id="label_PreferredStockLiquidationPreferenceValue" xlink:label="label_PreferredStockLiquidationPreferenceValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockLiquidationPreferenceValue" xlink:type="resource" xml:lang="en-US">Preferred Stock Liquidation Preference Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockLiquidationPreferenceValue" xlink:title="label: PreferredStockLiquidationPreferenceValue to label_PreferredStockLiquidationPreferenceValue" xlink:to="label_PreferredStockLiquidationPreferenceValue" xlink:type="arc"/>
    <label id="label_PreferredStockLiquidationPreferenceValue_2" xlink:label="label_PreferredStockLiquidationPreferenceValue_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockLiquidationPreferenceValue" xlink:type="resource" xml:lang="en-US">Preferred stock liquidation preference</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockLiquidationPreferenceValue" xlink:title="label: PreferredStockLiquidationPreferenceValue to label_PreferredStockLiquidationPreferenceValue" xlink:to="label_PreferredStockLiquidationPreferenceValue_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SeriesGAndSeriesHMember" xlink:label="SeriesGAndSeriesHMember" xlink:title="SeriesGAndSeriesHMember" xlink:type="locator"/>
    <label id="label_SeriesGAndSeriesHMember" xlink:label="label_SeriesGAndSeriesHMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeriesGAndSeriesHMember" xlink:type="resource" xml:lang="en-US">Series G And Series H [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeriesGAndSeriesHMember" xlink:title="label: SeriesGAndSeriesHMember to label_SeriesGAndSeriesHMember" xlink:to="label_SeriesGAndSeriesHMember" xlink:type="arc"/>
    <label id="label_SeriesGAndSeriesHMember_2" xlink:label="label_SeriesGAndSeriesHMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeriesGAndSeriesHMember" xlink:type="resource" xml:lang="en-US">Series G and Series H</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeriesGAndSeriesHMember" xlink:title="label: SeriesGAndSeriesHMember to label_SeriesGAndSeriesHMember" xlink:to="label_SeriesGAndSeriesHMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FirstConversionMember" xlink:label="FirstConversionMember" xlink:title="FirstConversionMember" xlink:type="locator"/>
    <label id="label_FirstConversionMember" xlink:label="label_FirstConversionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FirstConversionMember" xlink:type="resource" xml:lang="en-US">First Conversion [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstConversionMember" xlink:title="label: FirstConversionMember to label_FirstConversionMember" xlink:to="label_FirstConversionMember" xlink:type="arc"/>
    <label id="label_FirstConversionMember_2" xlink:label="label_FirstConversionMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FirstConversionMember" xlink:type="resource" xml:lang="en-US">First conversion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstConversionMember" xlink:title="label: FirstConversionMember to label_FirstConversionMember" xlink:to="label_FirstConversionMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SecondConversionMember" xlink:label="SecondConversionMember" xlink:title="SecondConversionMember" xlink:type="locator"/>
    <label id="label_SecondConversionMember" xlink:label="label_SecondConversionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SecondConversionMember" xlink:type="resource" xml:lang="en-US">Second Conversion [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecondConversionMember" xlink:title="label: SecondConversionMember to label_SecondConversionMember" xlink:to="label_SecondConversionMember" xlink:type="arc"/>
    <label id="label_SecondConversionMember_2" xlink:label="label_SecondConversionMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SecondConversionMember" xlink:type="resource" xml:lang="en-US">Second conversion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecondConversionMember" xlink:title="label: SecondConversionMember to label_SecondConversionMember" xlink:to="label_SecondConversionMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_BulkCarrierVesselMember" xlink:label="BulkCarrierVesselMember" xlink:title="BulkCarrierVesselMember" xlink:type="locator"/>
    <label id="label_BulkCarrierVesselMember" xlink:label="label_BulkCarrierVesselMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BulkCarrierVesselMember" xlink:type="resource" xml:lang="en-US">Bulk Carrier Vessel [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BulkCarrierVesselMember" xlink:title="label: BulkCarrierVesselMember to label_BulkCarrierVesselMember" xlink:to="label_BulkCarrierVesselMember" xlink:type="arc"/>
    <label id="label_BulkCarrierVesselMember_2" xlink:label="label_BulkCarrierVesselMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BulkCarrierVesselMember" xlink:type="resource" xml:lang="en-US">One newbuilding bulk carrier</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BulkCarrierVesselMember" xlink:title="label: BulkCarrierVesselMember to label_BulkCarrierVesselMember" xlink:to="label_BulkCarrierVesselMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LitigationSettlementAmountAwardedFromOtherParty" xlink:label="LitigationSettlementAmountAwardedFromOtherParty" xlink:title="LitigationSettlementAmountAwardedFromOtherParty" xlink:type="locator"/>
    <label id="label_LitigationSettlementAmountAwardedFromOtherParty" xlink:label="label_LitigationSettlementAmountAwardedFromOtherParty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LitigationSettlementAmountAwardedFromOtherParty" xlink:type="resource" xml:lang="en-US">Litigation Settlement, Amount Awarded from Other Party</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LitigationSettlementAmountAwardedFromOtherParty" xlink:title="label: LitigationSettlementAmountAwardedFromOtherParty to label_LitigationSettlementAmountAwardedFromOtherParty" xlink:to="label_LitigationSettlementAmountAwardedFromOtherParty" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DecreaseInRestrictedCash" xlink:label="DecreaseInRestrictedCash" xlink:title="DecreaseInRestrictedCash" xlink:type="locator"/>
    <label id="label_DecreaseInRestrictedCash" xlink:label="label_DecreaseInRestrictedCash" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DecreaseInRestrictedCash" xlink:type="resource" xml:lang="en-US">Decrease in Restricted Cash</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseInRestrictedCash" xlink:title="label: DecreaseInRestrictedCash to label_DecreaseInRestrictedCash" xlink:to="label_DecreaseInRestrictedCash" xlink:type="arc"/>
    <label id="label_DecreaseInRestrictedCash_2" xlink:label="label_DecreaseInRestrictedCash_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DecreaseInRestrictedCash" xlink:type="resource" xml:lang="en-US">Collateralized cash amount released</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseInRestrictedCash" xlink:title="label: DecreaseInRestrictedCash to label_DecreaseInRestrictedCash" xlink:to="label_DecreaseInRestrictedCash_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PreferredStockValueNetOfFees" xlink:label="PreferredStockValueNetOfFees" xlink:title="PreferredStockValueNetOfFees" xlink:type="locator"/>
    <label id="label_PreferredStockValueNetOfFees" xlink:label="label_PreferredStockValueNetOfFees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockValueNetOfFees" xlink:type="resource" xml:lang="en-US">Preferred Stock Value Net Of Fees</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockValueNetOfFees" xlink:title="label: PreferredStockValueNetOfFees to label_PreferredStockValueNetOfFees" xlink:to="label_PreferredStockValueNetOfFees" xlink:type="arc"/>
    <label id="label_PreferredStockValueNetOfFees_2" xlink:label="label_PreferredStockValueNetOfFees_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PreferredStockValueNetOfFees" xlink:type="resource" xml:lang="en-US">The value of preferred stock net of fees.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockValueNetOfFees" xlink:title="label: PreferredStockValueNetOfFees to label_PreferredStockValueNetOfFees" xlink:to="label_PreferredStockValueNetOfFees_2" xlink:type="arc"/>
    <label id="label_PreferredStockValueNetOfFees_3" xlink:label="label_PreferredStockValueNetOfFees_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockValueNetOfFees" xlink:type="resource" xml:lang="en-US">Shares tendered, value net of fees</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockValueNetOfFees" xlink:title="label: PreferredStockValueNetOfFees to label_PreferredStockValueNetOfFees" xlink:to="label_PreferredStockValueNetOfFees_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FirstPriorityShipMortgageNotesMember" xlink:label="FirstPriorityShipMortgageNotesMember" xlink:title="FirstPriorityShipMortgageNotesMember" xlink:type="locator"/>
    <label id="label_FirstPriorityShipMortgageNotesMember" xlink:label="label_FirstPriorityShipMortgageNotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FirstPriorityShipMortgageNotesMember" xlink:type="resource" xml:lang="en-US">First Priority Ship Mortgage Notes [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstPriorityShipMortgageNotesMember" xlink:title="label: FirstPriorityShipMortgageNotesMember to label_FirstPriorityShipMortgageNotesMember" xlink:to="label_FirstPriorityShipMortgageNotesMember" xlink:type="arc"/>
    <label id="label_FirstPriorityShipMortgageNotesMember_2" xlink:label="label_FirstPriorityShipMortgageNotesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FirstPriorityShipMortgageNotesMember" xlink:type="resource" xml:lang="en-US">First priority ship mortgage notes due on November 1, 2017 repaid by 2022 Notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstPriorityShipMortgageNotesMember" xlink:title="label: FirstPriorityShipMortgageNotesMember to label_FirstPriorityShipMortgageNotesMember" xlink:to="label_FirstPriorityShipMortgageNotesMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentCollateral" xlink:label="DebtInstrumentCollateral" xlink:title="DebtInstrumentCollateral" xlink:type="locator"/>
    <label id="label_DebtInstrumentCollateral" xlink:label="label_DebtInstrumentCollateral" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentCollateral" xlink:type="resource" xml:lang="en-US">Debt Instrument Collateral</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentCollateral" xlink:title="label: DebtInstrumentCollateral to label_DebtInstrumentCollateral" xlink:to="label_DebtInstrumentCollateral" xlink:type="arc"/>
    <label id="label_DebtInstrumentCollateral_2" xlink:label="label_DebtInstrumentCollateral_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentCollateral" xlink:type="resource" xml:lang="en-US">Debt instrument collateral</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentCollateral" xlink:title="label: DebtInstrumentCollateral to label_DebtInstrumentCollateral" xlink:to="label_DebtInstrumentCollateral_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransactionTypeAxis" xlink:label="TransactionTypeAxis" xlink:title="TransactionTypeAxis" xlink:type="locator"/>
    <label id="label_TransactionTypeAxis" xlink:label="label_TransactionTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TransactionTypeAxis" xlink:type="resource" xml:lang="en-US">Transaction Type [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionTypeAxis" xlink:title="label: TransactionTypeAxis to label_TransactionTypeAxis" xlink:to="label_TransactionTypeAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransactionDomain" xlink:label="TransactionDomain" xlink:title="TransactionDomain" xlink:type="locator"/>
    <label id="label_TransactionDomain" xlink:label="label_TransactionDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TransactionDomain" xlink:type="resource" xml:lang="en-US">Transaction [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransactionDomain" xlink:title="label: TransactionDomain to label_TransactionDomain" xlink:to="label_TransactionDomain" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AmericanDepositarySharesExchangeOfferMember" xlink:label="AmericanDepositarySharesExchangeOfferMember" xlink:title="AmericanDepositarySharesExchangeOfferMember" xlink:type="locator"/>
    <label id="label_AmericanDepositarySharesExchangeOfferMember" xlink:label="label_AmericanDepositarySharesExchangeOfferMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmericanDepositarySharesExchangeOfferMember" xlink:type="resource" xml:lang="en-US">American Depositary Shares Exchange Offer [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmericanDepositarySharesExchangeOfferMember" xlink:title="label: AmericanDepositarySharesExchangeOfferMember to label_AmericanDepositarySharesExchangeOfferMember" xlink:to="label_AmericanDepositarySharesExchangeOfferMember" xlink:type="arc"/>
    <label id="label_AmericanDepositarySharesExchangeOfferMember_2" xlink:label="label_AmericanDepositarySharesExchangeOfferMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmericanDepositarySharesExchangeOfferMember" xlink:type="resource" xml:lang="en-US">ADS Exchange Offer</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmericanDepositarySharesExchangeOfferMember" xlink:title="label: AmericanDepositarySharesExchangeOfferMember to label_AmericanDepositarySharesExchangeOfferMember" xlink:to="label_AmericanDepositarySharesExchangeOfferMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:label="AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:title="AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:type="locator"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax" xlink:label="OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax" xlink:title="OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax" xlink:type="locator"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax" xlink:label="RevenueFromContractWithCustomerIncludingAssessedTax" xlink:title="RevenueFromContractWithCustomerIncludingAssessedTax" xlink:type="locator"/>
    <label id="label_RevenueFromContractWithCustomerIncludingAssessedTax" xlink:label="label_RevenueFromContractWithCustomerIncludingAssessedTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenueFromContractWithCustomerIncludingAssessedTax" xlink:type="resource" xml:lang="en-US">Revenue From Contract With Customer Including Assessed Tax</label>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromContractWithCustomerIncludingAssessedTax" xlink:title="label: RevenueFromContractWithCustomerIncludingAssessedTax to label_RevenueFromContractWithCustomerIncludingAssessedTax" xlink:to="label_RevenueFromContractWithCustomerIncludingAssessedTax_2" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MarketableSecuritiesPolicy" xlink:label="MarketableSecuritiesPolicy" xlink:title="MarketableSecuritiesPolicy" xlink:type="locator"/>
    <label id="label_MarketableSecuritiesPolicy" xlink:label="label_MarketableSecuritiesPolicy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MarketableSecuritiesPolicy" xlink:type="resource" xml:lang="en-US">Marketable Securities Policy</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MarketableSecuritiesPolicy" xlink:title="label: MarketableSecuritiesPolicy to label_MarketableSecuritiesPolicy" xlink:to="label_MarketableSecuritiesPolicy" xlink:type="arc"/>
    <label id="label_MarketableSecuritiesPolicy_2" xlink:label="label_MarketableSecuritiesPolicy_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MarketableSecuritiesPolicy" xlink:type="resource" xml:lang="en-US">Investment in Available-for-Sale Securities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MarketableSecuritiesPolicy" xlink:title="label: MarketableSecuritiesPolicy to label_MarketableSecuritiesPolicy" xlink:to="label_MarketableSecuritiesPolicy_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_WarrantsAndRightsOutstandingTerm" xlink:label="WarrantsAndRightsOutstandingTerm" xlink:title="WarrantsAndRightsOutstandingTerm" xlink:type="locator"/>
    <label id="label_WarrantsAndRightsOutstandingTerm" xlink:label="label_WarrantsAndRightsOutstandingTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WarrantsAndRightsOutstandingTerm" xlink:type="resource" xml:lang="en-US">Warrants And Rights Outstanding Term</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WarrantsAndRightsOutstandingTerm" xlink:title="label: WarrantsAndRightsOutstandingTerm to label_WarrantsAndRightsOutstandingTerm" xlink:to="label_WarrantsAndRightsOutstandingTerm" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WarrantsAndRightsOutstandingTerm" xlink:title="label: WarrantsAndRightsOutstandingTerm to label_WarrantsAndRightsOutstandingTerm" xlink:to="label_WarrantsAndRightsOutstandingTerm_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputTypeAxis" xlink:label="MeasurementInputTypeAxis" xlink:title="MeasurementInputTypeAxis" xlink:type="locator"/>
    <label id="label_MeasurementInputTypeAxis" xlink:label="label_MeasurementInputTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MeasurementInputTypeAxis" xlink:type="resource" xml:lang="en-US">Measurement Input Type [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MeasurementInputTypeAxis" xlink:title="label: MeasurementInputTypeAxis to label_MeasurementInputTypeAxis" xlink:to="label_MeasurementInputTypeAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputTypeDomain" xlink:label="MeasurementInputTypeDomain" xlink:title="MeasurementInputTypeDomain" xlink:type="locator"/>
    <label id="label_MeasurementInputTypeDomain" xlink:label="label_MeasurementInputTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MeasurementInputTypeDomain" xlink:type="resource" xml:lang="en-US">Measurement Input Type [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MeasurementInputTypeDomain" xlink:title="label: MeasurementInputTypeDomain to label_MeasurementInputTypeDomain" xlink:to="label_MeasurementInputTypeDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputExpectedTermMember" xlink:label="MeasurementInputExpectedTermMember" xlink:title="MeasurementInputExpectedTermMember" xlink:type="locator"/>
    <label id="label_MeasurementInputExpectedTermMember" xlink:label="label_MeasurementInputExpectedTermMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MeasurementInputExpectedTermMember" xlink:type="resource" xml:lang="en-US">Measurement Input Expected Term [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MeasurementInputExpectedTermMember" xlink:title="label: MeasurementInputExpectedTermMember to label_MeasurementInputExpectedTermMember" xlink:to="label_MeasurementInputExpectedTermMember" xlink:type="arc"/>
    <label id="label_MeasurementInputExpectedTermMember_2" xlink:label="label_MeasurementInputExpectedTermMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MeasurementInputExpectedTermMember" xlink:type="resource" xml:lang="en-US">Expected term</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MeasurementInputExpectedTermMember" xlink:title="label: MeasurementInputExpectedTermMember to label_MeasurementInputExpectedTermMember" xlink:to="label_MeasurementInputExpectedTermMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityFairValueDisclosure" xlink:label="EquityFairValueDisclosure" xlink:title="EquityFairValueDisclosure" xlink:type="locator"/>
    <label id="label_EquityFairValueDisclosure" xlink:label="label_EquityFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Equity Fair Value Disclosure</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityFairValueDisclosure" xlink:title="label: EquityFairValueDisclosure to label_EquityFairValueDisclosure" xlink:to="label_EquityFairValueDisclosure" xlink:type="arc"/>
    <label id="label_EquityFairValueDisclosure_2" xlink:label="label_EquityFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Fair value of stock issued</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityFairValueDisclosure" xlink:title="label: EquityFairValueDisclosure to label_EquityFairValueDisclosure" xlink:to="label_EquityFairValueDisclosure_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FairValueAssumptionsExpectedDividendToBePaid" xlink:label="FairValueAssumptionsExpectedDividendToBePaid" xlink:title="FairValueAssumptionsExpectedDividendToBePaid" xlink:type="locator"/>
    <label id="label_FairValueAssumptionsExpectedDividendToBePaid" xlink:label="label_FairValueAssumptionsExpectedDividendToBePaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueAssumptionsExpectedDividendToBePaid" xlink:type="resource" xml:lang="en-US">Fair Value Assumptions Expected Dividend To Be Paid</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueAssumptionsExpectedDividendToBePaid" xlink:title="label: FairValueAssumptionsExpectedDividendToBePaid to label_FairValueAssumptionsExpectedDividendToBePaid" xlink:to="label_FairValueAssumptionsExpectedDividendToBePaid" xlink:type="arc"/>
    <label id="label_FairValueAssumptionsExpectedDividendToBePaid_2" xlink:label="label_FairValueAssumptionsExpectedDividendToBePaid_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FairValueAssumptionsExpectedDividendToBePaid" xlink:type="resource" xml:lang="en-US">Expected dividend assumption</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueAssumptionsExpectedDividendToBePaid" xlink:title="label: FairValueAssumptionsExpectedDividendToBePaid to label_FairValueAssumptionsExpectedDividendToBePaid" xlink:to="label_FairValueAssumptionsExpectedDividendToBePaid_2" xlink:type="arc"/>
    <label id="label_FairValueAssumptionsExpectedDividendToBePaid_3" xlink:label="label_FairValueAssumptionsExpectedDividendToBePaid_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FairValueAssumptionsExpectedDividendToBePaid" xlink:type="resource" xml:lang="en-US">Amount of dividends expected to be paid to holders of the underlying shares or contracted instruments over the term of the instruments life.</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetIncome" xlink:label="NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetIncome" xlink:title="NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetIncome" xlink:type="locator"/>
    <label id="label_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetIncome" xlink:label="label_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetIncome" xlink:type="resource" xml:lang="en-US">New Accounting Pronouncemen Or Change In Accounting Principle Effect Of Change On Net Income</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" xlink:label="AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" xlink:title="AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" xlink:type="locator"/>
    <label id="label_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" xlink:label="label_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" xlink:type="resource" xml:lang="en-US">Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingAssets" xlink:label="IncreaseDecreaseInOperatingAssets" xlink:title="IncreaseDecreaseInOperatingAssets" xlink:type="locator"/>
    <label id="label_IncreaseDecreaseInOperatingAssets" xlink:label="label_IncreaseDecreaseInOperatingAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInOperatingAssets" xlink:type="resource" xml:lang="en-US">Increase Decrease In Operating Assets</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingLiabilities" xlink:label="IncreaseDecreaseInOperatingLiabilities" xlink:title="IncreaseDecreaseInOperatingLiabilities" xlink:type="locator"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:label="CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:title="CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:type="locator"/>
    <label id="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:label="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:type="resource" xml:lang="en-US">Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:title="label: CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents to label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:type="arc"/>
    <label id="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_2" xlink:label="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents and restricted cash, beginning of year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:title="label: CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents to label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_2" xlink:type="arc"/>
    <label id="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_3" xlink:label="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_3" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents and restricted cash, end of year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:title="label: CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents to label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_3" xlink:type="arc"/>
    <label id="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_4" xlink:label="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents and restricted cash</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:title="label: CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents to label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_4" xlink:type="arc"/>
    <label id="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_5" xlink:label="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents, including restricted cash</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:title="label: CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents to label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_5" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:label="CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:title="CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:type="locator"/>
    <label id="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:label="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:type="resource" xml:lang="en-US">Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:title="label: CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect to label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:to="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:type="arc"/>
    <label id="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_2" xlink:label="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:type="resource" xml:lang="en-US">Increase/(decrease) in cash and cash equivalents and restricted cash</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:title="label: CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect to label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:to="label_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentOther" xlink:label="PropertyPlantAndEquipmentOther" xlink:title="PropertyPlantAndEquipmentOther" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentOther" xlink:label="label_PropertyPlantAndEquipmentOther" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentOther" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Other</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentOther" xlink:title="label: PropertyPlantAndEquipmentOther to label_PropertyPlantAndEquipmentOther" xlink:to="label_PropertyPlantAndEquipmentOther" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentOther_2" xlink:label="label_PropertyPlantAndEquipmentOther_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentOther" xlink:type="resource" xml:lang="en-US">Vessel acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentOther" xlink:title="label: PropertyPlantAndEquipmentOther to label_PropertyPlantAndEquipmentOther" xlink:to="label_PropertyPlantAndEquipmentOther_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentOtherNet" xlink:label="PropertyPlantAndEquipmentOtherNet" xlink:title="PropertyPlantAndEquipmentOtherNet" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentOtherNet" xlink:label="label_PropertyPlantAndEquipmentOtherNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentOtherNet" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Other Net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentOtherNet" xlink:title="label: PropertyPlantAndEquipmentOtherNet to label_PropertyPlantAndEquipmentOtherNet" xlink:to="label_PropertyPlantAndEquipmentOtherNet" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentOtherNet_2" xlink:label="label_PropertyPlantAndEquipmentOtherNet_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentOtherNet" xlink:type="resource" xml:lang="en-US">Vessel acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentOtherNet" xlink:title="label: PropertyPlantAndEquipmentOtherNet to label_PropertyPlantAndEquipmentOtherNet" xlink:to="label_PropertyPlantAndEquipmentOtherNet_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PropertyPlantAndEquipmentAcquisition" xlink:label="PropertyPlantAndEquipmentAcquisition" xlink:title="PropertyPlantAndEquipmentAcquisition" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentAcquisition" xlink:label="label_PropertyPlantAndEquipmentAcquisition" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentAcquisition" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentAcquisition" xlink:title="label: PropertyPlantAndEquipmentAcquisition to label_PropertyPlantAndEquipmentAcquisition" xlink:to="label_PropertyPlantAndEquipmentAcquisition" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentAcquisition_2" xlink:label="label_PropertyPlantAndEquipmentAcquisition_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentAcquisition" xlink:type="resource" xml:lang="en-US">Vessel acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentAcquisition" xlink:title="label: PropertyPlantAndEquipmentAcquisition to label_PropertyPlantAndEquipmentAcquisition" xlink:to="label_PropertyPlantAndEquipmentAcquisition_2" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentAcquisition_3" xlink:label="label_PropertyPlantAndEquipmentAcquisition_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PropertyPlantAndEquipmentAcquisition" xlink:type="resource" xml:lang="en-US">Amount of acquisition of long-lived, second hand physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentAcquisition" xlink:title="label: PropertyPlantAndEquipmentAcquisition to label_PropertyPlantAndEquipmentAcquisition" xlink:to="label_PropertyPlantAndEquipmentAcquisition_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PropertyPlantAndEquipmentAcquisitionNet" xlink:label="PropertyPlantAndEquipmentAcquisitionNet" xlink:title="PropertyPlantAndEquipmentAcquisitionNet" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentAcquisitionNet" xlink:label="label_PropertyPlantAndEquipmentAcquisitionNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentAcquisitionNet" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Acquisition Net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentAcquisitionNet" xlink:title="label: PropertyPlantAndEquipmentAcquisitionNet to label_PropertyPlantAndEquipmentAcquisitionNet" xlink:to="label_PropertyPlantAndEquipmentAcquisitionNet" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentAcquisitionNet_2" xlink:label="label_PropertyPlantAndEquipmentAcquisitionNet_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentAcquisitionNet" xlink:type="resource" xml:lang="en-US">Vessel acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentAcquisitionNet" xlink:title="label: PropertyPlantAndEquipmentAcquisitionNet to label_PropertyPlantAndEquipmentAcquisitionNet" xlink:to="label_PropertyPlantAndEquipmentAcquisitionNet_2" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentAcquisitionNet_3" xlink:label="label_PropertyPlantAndEquipmentAcquisitionNet_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PropertyPlantAndEquipmentAcquisitionNet" xlink:type="resource" xml:lang="en-US">The amount of expense charged against the net book value of second hand assets in the current period.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentAcquisitionNet" xlink:title="label: PropertyPlantAndEquipmentAcquisitionNet to label_PropertyPlantAndEquipmentAcquisitionNet" xlink:to="label_PropertyPlantAndEquipmentAcquisitionNet_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AcquisitionsAccumulatedDepreciation" xlink:label="AcquisitionsAccumulatedDepreciation" xlink:title="AcquisitionsAccumulatedDepreciation" xlink:type="locator"/>
    <label id="label_AcquisitionsAccumulatedDepreciation" xlink:label="label_AcquisitionsAccumulatedDepreciation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AcquisitionsAccumulatedDepreciation" xlink:type="resource" xml:lang="en-US">Acquisitions Accumulated Depreciation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionsAccumulatedDepreciation" xlink:title="label: AcquisitionsAccumulatedDepreciation to label_AcquisitionsAccumulatedDepreciation" xlink:to="label_AcquisitionsAccumulatedDepreciation" xlink:type="arc"/>
    <label id="label_AcquisitionsAccumulatedDepreciation_2" xlink:label="label_AcquisitionsAccumulatedDepreciation_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AcquisitionsAccumulatedDepreciation" xlink:type="resource" xml:lang="en-US">Vessel acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionsAccumulatedDepreciation" xlink:title="label: AcquisitionsAccumulatedDepreciation to label_AcquisitionsAccumulatedDepreciation" xlink:to="label_AcquisitionsAccumulatedDepreciation_2" xlink:type="arc"/>
    <label id="label_AcquisitionsAccumulatedDepreciation_3" xlink:label="label_AcquisitionsAccumulatedDepreciation_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AcquisitionsAccumulatedDepreciation" xlink:type="resource" xml:lang="en-US">The amount of expense recognized in the current period that reflects the allocation of the cost of second hand tangible assets over the assets' useful lives. Includes production and non-production related depreciation.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionsAccumulatedDepreciation" xlink:title="label: AcquisitionsAccumulatedDepreciation to label_AcquisitionsAccumulatedDepreciation" xlink:to="label_AcquisitionsAccumulatedDepreciation_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PropertyPlantAndEquipmentOtherDisposals" xlink:label="PropertyPlantAndEquipmentOtherDisposals" xlink:title="PropertyPlantAndEquipmentOtherDisposals" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentOtherDisposals" xlink:label="label_PropertyPlantAndEquipmentOtherDisposals" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentOtherDisposals" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Other Disposals</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentOtherDisposals" xlink:title="label: PropertyPlantAndEquipmentOtherDisposals to label_PropertyPlantAndEquipmentOtherDisposals" xlink:to="label_PropertyPlantAndEquipmentOtherDisposals" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentOtherDisposals_2" xlink:label="label_PropertyPlantAndEquipmentOtherDisposals_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PropertyPlantAndEquipmentOtherDisposals" xlink:type="resource" xml:lang="en-US">Other disposals</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentOtherDisposals" xlink:title="label: PropertyPlantAndEquipmentOtherDisposals to label_PropertyPlantAndEquipmentOtherDisposals" xlink:to="label_PropertyPlantAndEquipmentOtherDisposals_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AccumulatedDepreciationDepletionAndAmortizationSaleOfOtherPropertyPlantAndEquipment1" xlink:label="AccumulatedDepreciationDepletionAndAmortizationSaleOfOtherPropertyPlantAndEquipment1" xlink:title="AccumulatedDepreciationDepletionAndAmortizationSaleOfOtherPropertyPlantAndEquipment1" xlink:type="locator"/>
    <label id="label_AccumulatedDepreciationDepletionAndAmortizationSaleOfOtherPropertyPlantAndEquipment1" xlink:label="label_AccumulatedDepreciationDepletionAndAmortizationSaleOfOtherPropertyPlantAndEquipment1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedDepreciationDepletionAndAmortizationSaleOfOtherPropertyPlantAndEquipment1" xlink:type="resource" xml:lang="en-US">Accumulated Depreciation Depletion And Amortization Sale Of Other Property Plant And Equipment 1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationDepletionAndAmortizationSaleOfOtherPropertyPlantAndEquipment1" xlink:title="label: AccumulatedDepreciationDepletionAndAmortizationSaleOfOtherPropertyPlantAndEquipment1 to label_AccumulatedDepreciationDepletionAndAmortizationSaleOfOtherPropertyPlantAndEquipment1" xlink:to="label_AccumulatedDepreciationDepletionAndAmortizationSaleOfOtherPropertyPlantAndEquipment1" xlink:type="arc"/>
    <label id="label_AccumulatedDepreciationDepletionAndAmortizationSaleOfOtherPropertyPlantAndEquipment1_2" xlink:label="label_AccumulatedDepreciationDepletionAndAmortizationSaleOfOtherPropertyPlantAndEquipment1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccumulatedDepreciationDepletionAndAmortizationSaleOfOtherPropertyPlantAndEquipment1" xlink:type="resource" xml:lang="en-US">Other disposals</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationDepletionAndAmortizationSaleOfOtherPropertyPlantAndEquipment1" xlink:title="label: AccumulatedDepreciationDepletionAndAmortizationSaleOfOtherPropertyPlantAndEquipment1 to label_AccumulatedDepreciationDepletionAndAmortizationSaleOfOtherPropertyPlantAndEquipment1" xlink:to="label_AccumulatedDepreciationDepletionAndAmortizationSaleOfOtherPropertyPlantAndEquipment1_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PropertyPlantAndEquipmentOtherDisposalsAccumulatedDepreciation" xlink:label="PropertyPlantAndEquipmentOtherDisposalsAccumulatedDepreciation" xlink:title="PropertyPlantAndEquipmentOtherDisposalsAccumulatedDepreciation" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentOtherDisposalsAccumulatedDepreciation" xlink:label="label_PropertyPlantAndEquipmentOtherDisposalsAccumulatedDepreciation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentOtherDisposalsAccumulatedDepreciation" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Other Disposals Accumulated Depreciation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentOtherDisposalsAccumulatedDepreciation" xlink:title="label: PropertyPlantAndEquipmentOtherDisposalsAccumulatedDepreciation to label_PropertyPlantAndEquipmentOtherDisposalsAccumulatedDepreciation" xlink:to="label_PropertyPlantAndEquipmentOtherDisposalsAccumulatedDepreciation" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentOtherDisposalsAccumulatedDepreciation_2" xlink:label="label_PropertyPlantAndEquipmentOtherDisposalsAccumulatedDepreciation_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PropertyPlantAndEquipmentOtherDisposalsAccumulatedDepreciation" xlink:type="resource" xml:lang="en-US">Other disposals</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentOtherDisposalsAccumulatedDepreciation" xlink:title="label: PropertyPlantAndEquipmentOtherDisposalsAccumulatedDepreciation to label_PropertyPlantAndEquipmentOtherDisposalsAccumulatedDepreciation" xlink:to="label_PropertyPlantAndEquipmentOtherDisposalsAccumulatedDepreciation_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_OwnershipAxis" xlink:label="OwnershipAxis" xlink:title="OwnershipAxis" xlink:type="locator"/>
    <label id="label_OwnershipAxis" xlink:label="label_OwnershipAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OwnershipAxis" xlink:type="resource" xml:lang="en-US">Ownership [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OwnershipAxis" xlink:title="label: OwnershipAxis to label_OwnershipAxis" xlink:to="label_OwnershipAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_OwnershipDomain" xlink:label="OwnershipDomain" xlink:title="OwnershipDomain" xlink:type="locator"/>
    <label id="label_OwnershipDomain" xlink:label="label_OwnershipDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OwnershipDomain" xlink:type="resource" xml:lang="en-US">Ownership [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OwnershipDomain" xlink:title="label: OwnershipDomain to label_OwnershipDomain" xlink:to="label_OwnershipDomain" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SeniorNotesLogistics2022Member" xlink:label="SeniorNotesLogistics2022Member" xlink:title="SeniorNotesLogistics2022Member" xlink:type="locator"/>
    <label id="label_SeniorNotesLogistics2022Member" xlink:label="label_SeniorNotesLogistics2022Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeniorNotesLogistics2022Member" xlink:type="resource" xml:lang="en-US">Senior Notes Logistics 2022 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorNotesLogistics2022Member" xlink:title="label: SeniorNotesLogistics2022Member to label_SeniorNotesLogistics2022Member" xlink:to="label_SeniorNotesLogistics2022Member" xlink:type="arc"/>
    <label id="label_SeniorNotesLogistics2022Member_2" xlink:label="label_SeniorNotesLogistics2022Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeniorNotesLogistics2022Member" xlink:type="resource" xml:lang="en-US">2022 Logistics Senior Notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorNotesLogistics2022Member" xlink:title="label: SeniorNotesLogistics2022Member to label_SeniorNotesLogistics2022Member" xlink:to="label_SeniorNotesLogistics2022Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosContainersIIIIMember" xlink:label="NaviosContainersIIIIMember" xlink:title="NaviosContainersIIIIMember" xlink:type="locator"/>
    <label id="label_NaviosContainersIIIIMember" xlink:label="label_NaviosContainersIIIIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosContainersIIIIMember" xlink:type="resource" xml:lang="en-US">Navios Containers IIII [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersIIIIMember" xlink:title="label: NaviosContainersIIIIMember to label_NaviosContainersIIIIMember" xlink:to="label_NaviosContainersIIIIMember" xlink:type="arc"/>
    <label id="label_NaviosContainersIIIIMember_2" xlink:label="label_NaviosContainersIIIIMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosContainersIIIIMember" xlink:type="resource" xml:lang="en-US">Navios Containers</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersIIIIMember" xlink:title="label: NaviosContainersIIIIMember to label_NaviosContainersIIIIMember" xlink:to="label_NaviosContainersIIIIMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosContainersIIIIIMember" xlink:label="NaviosContainersIIIIIMember" xlink:title="NaviosContainersIIIIIMember" xlink:type="locator"/>
    <label id="label_NaviosContainersIIIIIMember" xlink:label="label_NaviosContainersIIIIIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosContainersIIIIIMember" xlink:type="resource" xml:lang="en-US">Navios Containers IIIII [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersIIIIIMember" xlink:title="label: NaviosContainersIIIIIMember to label_NaviosContainersIIIIIMember" xlink:to="label_NaviosContainersIIIIIMember" xlink:type="arc"/>
    <label id="label_NaviosContainersIIIIIMember_2" xlink:label="label_NaviosContainersIIIIIMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosContainersIIIIIMember" xlink:type="resource" xml:lang="en-US">Navios Containers</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersIIIIIMember" xlink:title="label: NaviosContainersIIIIIMember to label_NaviosContainersIIIIIMember" xlink:to="label_NaviosContainersIIIIIMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredRevenueCurrent" xlink:label="DeferredRevenueCurrent" xlink:title="DeferredRevenueCurrent" xlink:type="locator"/>
    <label id="label_DeferredRevenueCurrent" xlink:label="label_DeferredRevenueCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredRevenueCurrent" xlink:type="resource" xml:lang="en-US">Deferred income and cash received in advance</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueCurrent" xlink:title="label: DeferredRevenueCurrent to label_DeferredRevenueCurrent" xlink:to="label_DeferredRevenueCurrent" xlink:type="arc"/>
    <label id="label_DeferredRevenueCurrent_2" xlink:label="label_DeferredRevenueCurrent_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredRevenueCurrent" xlink:type="resource" xml:lang="en-US">Deferred Revenue, Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueCurrent" xlink:title="label: DeferredRevenueCurrent to label_DeferredRevenueCurrent" xlink:to="label_DeferredRevenueCurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredRevenueNoncurrent" xlink:label="DeferredRevenueNoncurrent" xlink:title="DeferredRevenueNoncurrent" xlink:type="locator"/>
    <label id="label_DeferredRevenueNoncurrent" xlink:label="label_DeferredRevenueNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredRevenueNoncurrent" xlink:type="resource" xml:lang="en-US">Deferred Revenue, Noncurrent</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueNoncurrent" xlink:title="label: DeferredRevenueNoncurrent to label_DeferredRevenueNoncurrent" xlink:to="label_DeferredRevenueNoncurrent" xlink:type="arc"/>
    <label id="label_DeferredRevenueNoncurrent_2" xlink:label="label_DeferredRevenueNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredRevenueNoncurrent" xlink:type="resource" xml:lang="en-US">Other long-term liabilities and deferred income</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredRevenueNoncurrent" xlink:title="label: DeferredRevenueNoncurrent to label_DeferredRevenueNoncurrent" xlink:to="label_DeferredRevenueNoncurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount" xlink:label="BusinessCombinationBargainPurchaseGainRecognizedAmount" xlink:title="BusinessCombinationBargainPurchaseGainRecognizedAmount" xlink:type="locator"/>
    <label id="label_BusinessCombinationBargainPurchaseGainRecognizedAmount" xlink:label="label_BusinessCombinationBargainPurchaseGainRecognizedAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessCombinationBargainPurchaseGainRecognizedAmount" xlink:type="resource" xml:lang="en-US">Business Combination, Bargain Purchase, Gain Recognized, Amount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationBargainPurchaseGainRecognizedAmount" xlink:title="label: BusinessCombinationBargainPurchaseGainRecognizedAmount to label_BusinessCombinationBargainPurchaseGainRecognizedAmount" xlink:to="label_BusinessCombinationBargainPurchaseGainRecognizedAmount" xlink:type="arc"/>
    <label id="label_BusinessCombinationBargainPurchaseGainRecognizedAmount_2" xlink:label="label_BusinessCombinationBargainPurchaseGainRecognizedAmount_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BusinessCombinationBargainPurchaseGainRecognizedAmount" xlink:type="resource" xml:lang="en-US">Bargain gain upon obtaining control</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationBargainPurchaseGainRecognizedAmount" xlink:title="label: BusinessCombinationBargainPurchaseGainRecognizedAmount to label_BusinessCombinationBargainPurchaseGainRecognizedAmount" xlink:to="label_BusinessCombinationBargainPurchaseGainRecognizedAmount_2" xlink:type="arc"/>
    <label id="label_BusinessCombinationBargainPurchaseGainRecognizedAmount_3" xlink:label="label_BusinessCombinationBargainPurchaseGainRecognizedAmount_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_BusinessCombinationBargainPurchaseGainRecognizedAmount" xlink:type="resource" xml:lang="en-US">(Loss on loss of control)/Bargain gain upon obtaining control</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationBargainPurchaseGainRecognizedAmount" xlink:title="label: BusinessCombinationBargainPurchaseGainRecognizedAmount to label_BusinessCombinationBargainPurchaseGainRecognizedAmount" xlink:to="label_BusinessCombinationBargainPurchaseGainRecognizedAmount_3" xlink:type="arc"/>
    <label id="label_BusinessCombinationBargainPurchaseGainRecognizedAmount_4" xlink:label="label_BusinessCombinationBargainPurchaseGainRecognizedAmount_4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_BusinessCombinationBargainPurchaseGainRecognizedAmount" xlink:type="resource" xml:lang="en-US">Bargain gain upon obtaining control</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationBargainPurchaseGainRecognizedAmount" xlink:title="label: BusinessCombinationBargainPurchaseGainRecognizedAmount to label_BusinessCombinationBargainPurchaseGainRecognizedAmount" xlink:to="label_BusinessCombinationBargainPurchaseGainRecognizedAmount_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:label="BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:title="BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:type="locator"/>
    <label id="label_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:label="label_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:type="resource" xml:lang="en-US">Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:title="label: BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue to label_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:to="label_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:type="arc"/>
    <label id="label_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue_2" xlink:label="label_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:type="resource" xml:lang="en-US">Noncontrolling interest of Navios Containers (Note 3)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:title="label: BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue to label_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:to="label_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue_2" xlink:type="arc"/>
    <label id="label_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue_3" xlink:label="label_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:type="resource" xml:lang="en-US">Fair value of noncontrolling interest (96.3%)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:title="label: BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue to label_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue" xlink:to="label_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:label="NoncontrollingInterestIncreaseFromBusinessCombination" xlink:title="NoncontrollingInterestIncreaseFromBusinessCombination" xlink:type="locator"/>
    <label id="label_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:label="label_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest, Increase from Business Combination</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestIncreaseFromBusinessCombination" xlink:title="label: NoncontrollingInterestIncreaseFromBusinessCombination to label_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:to="label_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:type="arc"/>
    <label id="label_NoncontrollingInterestIncreaseFromBusinessCombination_2" xlink:label="label_NoncontrollingInterestIncreaseFromBusinessCombination_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:type="resource" xml:lang="en-US">Noncontrolling interest of Navios Containers (Note 3)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestIncreaseFromBusinessCombination" xlink:title="label: NoncontrollingInterestIncreaseFromBusinessCombination to label_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:to="label_NoncontrollingInterestIncreaseFromBusinessCombination_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationDate" xlink:label="LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationDate" xlink:title="LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationDate" xlink:type="locator"/>
    <label id="label_LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationDate" xlink:label="label_LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationDate" xlink:type="resource" xml:lang="en-US">Limited Liability Company or Limited Partnership, Business, Formation Date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationDate" xlink:title="label: LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationDate to label_LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationDate" xlink:to="label_LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationDate" xlink:type="arc"/>
    <label id="label_LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationDate_2" xlink:label="label_LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationDate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationDate" xlink:type="resource" xml:lang="en-US">Date of conversion into a limited partnership</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationDate" xlink:title="label: LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationDate to label_LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationDate" xlink:to="label_LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationDate_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosAcquisitionIMember" xlink:label="NaviosAcquisitionIMember" xlink:title="NaviosAcquisitionIMember" xlink:type="locator"/>
    <label id="label_NaviosAcquisitionIMember" xlink:label="label_NaviosAcquisitionIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosAcquisitionIMember" xlink:type="resource" xml:lang="en-US">Navios Acquisition I [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAcquisitionIMember" xlink:title="label: NaviosAcquisitionIMember to label_NaviosAcquisitionIMember" xlink:to="label_NaviosAcquisitionIMember" xlink:type="arc"/>
    <label id="label_NaviosAcquisitionIMember_2" xlink:label="label_NaviosAcquisitionIMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosAcquisitionIMember" xlink:type="resource" xml:lang="en-US">Navios Acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAcquisitionIMember" xlink:title="label: NaviosAcquisitionIMember to label_NaviosAcquisitionIMember" xlink:to="label_NaviosAcquisitionIMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquityReverseStockSplit" xlink:label="StockholdersEquityReverseStockSplit" xlink:title="StockholdersEquityReverseStockSplit" xlink:type="locator"/>
    <label id="label_StockholdersEquityReverseStockSplit" xlink:label="label_StockholdersEquityReverseStockSplit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockholdersEquityReverseStockSplit" xlink:type="resource" xml:lang="en-US">Stockholders' Equity, Reverse Stock Split</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityReverseStockSplit" xlink:title="label: StockholdersEquityReverseStockSplit to label_StockholdersEquityReverseStockSplit" xlink:to="label_StockholdersEquityReverseStockSplit" xlink:type="arc"/>
    <label id="label_StockholdersEquityReverseStockSplit_2" xlink:label="label_StockholdersEquityReverseStockSplit_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockholdersEquityReverseStockSplit" xlink:type="resource" xml:lang="en-US">Stockholders' equity, Reverse stock split</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityReverseStockSplit" xlink:title="label: StockholdersEquityReverseStockSplit to label_StockholdersEquityReverseStockSplit" xlink:to="label_StockholdersEquityReverseStockSplit_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockRepurchaseProgramPeriodInForce1" xlink:label="StockRepurchaseProgramPeriodInForce1" xlink:title="StockRepurchaseProgramPeriodInForce1" xlink:type="locator"/>
    <label id="label_StockRepurchaseProgramPeriodInForce1" xlink:label="label_StockRepurchaseProgramPeriodInForce1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockRepurchaseProgramPeriodInForce1" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Period in Force</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRepurchaseProgramPeriodInForce1" xlink:title="label: StockRepurchaseProgramPeriodInForce1 to label_StockRepurchaseProgramPeriodInForce1" xlink:to="label_StockRepurchaseProgramPeriodInForce1" xlink:type="arc"/>
    <label id="label_StockRepurchaseProgramPeriodInForce1_2" xlink:label="label_StockRepurchaseProgramPeriodInForce1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockRepurchaseProgramPeriodInForce1" xlink:type="resource" xml:lang="en-US">Share repurchase program, Period in force</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRepurchaseProgramPeriodInForce1" xlink:title="label: StockRepurchaseProgramPeriodInForce1 to label_StockRepurchaseProgramPeriodInForce1" xlink:to="label_StockRepurchaseProgramPeriodInForce1_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ShareRepurchaseProgramIMember" xlink:label="ShareRepurchaseProgramIMember" xlink:title="ShareRepurchaseProgramIMember" xlink:type="locator"/>
    <label id="label_ShareRepurchaseProgramIMember" xlink:label="label_ShareRepurchaseProgramIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareRepurchaseProgramIMember" xlink:type="resource" xml:lang="en-US">Share Repurchase Program I [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareRepurchaseProgramIMember" xlink:title="label: ShareRepurchaseProgramIMember to label_ShareRepurchaseProgramIMember" xlink:to="label_ShareRepurchaseProgramIMember" xlink:type="arc"/>
    <label id="label_ShareRepurchaseProgramIMember_2" xlink:label="label_ShareRepurchaseProgramIMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareRepurchaseProgramIMember" xlink:type="resource" xml:lang="en-US">Share Repurchase Program</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareRepurchaseProgramIMember" xlink:title="label: ShareRepurchaseProgramIMember to label_ShareRepurchaseProgramIMember" xlink:to="label_ShareRepurchaseProgramIMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AsteroidShippingSAMember" xlink:label="AsteroidShippingSAMember" xlink:title="AsteroidShippingSAMember" xlink:type="locator"/>
    <label id="label_AsteroidShippingSAMember" xlink:label="label_AsteroidShippingSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AsteroidShippingSAMember" xlink:type="resource" xml:lang="en-US">Asteroid Shipping SA [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AsteroidShippingSAMember" xlink:title="label: AsteroidShippingSAMember to label_AsteroidShippingSAMember" xlink:to="label_AsteroidShippingSAMember" xlink:type="arc"/>
    <label id="label_AsteroidShippingSAMember_2" xlink:label="label_AsteroidShippingSAMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AsteroidShippingSAMember" xlink:type="resource" xml:lang="en-US">Asteroid Shipping S.A.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AsteroidShippingSAMember" xlink:title="label: AsteroidShippingSAMember to label_AsteroidShippingSAMember" xlink:to="label_AsteroidShippingSAMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CloudAtlasMarineSAMember" xlink:label="CloudAtlasMarineSAMember" xlink:title="CloudAtlasMarineSAMember" xlink:type="locator"/>
    <label id="label_CloudAtlasMarineSAMember" xlink:label="label_CloudAtlasMarineSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CloudAtlasMarineSAMember" xlink:type="resource" xml:lang="en-US">Cloud Atlas Marine SA [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CloudAtlasMarineSAMember" xlink:title="label: CloudAtlasMarineSAMember to label_CloudAtlasMarineSAMember" xlink:to="label_CloudAtlasMarineSAMember" xlink:type="arc"/>
    <label id="label_CloudAtlasMarineSAMember_2" xlink:label="label_CloudAtlasMarineSAMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CloudAtlasMarineSAMember" xlink:type="resource" xml:lang="en-US">Cloud Atlas Marine S.A.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CloudAtlasMarineSAMember" xlink:title="label: CloudAtlasMarineSAMember to label_CloudAtlasMarineSAMember" xlink:to="label_CloudAtlasMarineSAMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_HeodorShippingIncMember" xlink:label="HeodorShippingIncMember" xlink:title="HeodorShippingIncMember" xlink:type="locator"/>
    <label id="label_HeodorShippingIncMember" xlink:label="label_HeodorShippingIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HeodorShippingIncMember" xlink:type="resource" xml:lang="en-US">Heodor Shipping Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HeodorShippingIncMember" xlink:title="label: HeodorShippingIncMember to label_HeodorShippingIncMember" xlink:to="label_HeodorShippingIncMember" xlink:type="arc"/>
    <label id="label_HeodorShippingIncMember_2" xlink:label="label_HeodorShippingIncMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HeodorShippingIncMember" xlink:type="resource" xml:lang="en-US">Heodor Shipping Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HeodorShippingIncMember" xlink:title="label: HeodorShippingIncMember to label_HeodorShippingIncMember" xlink:to="label_HeodorShippingIncMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosMaritimeContainersGPMember" xlink:label="NaviosMaritimeContainersGPMember" xlink:title="NaviosMaritimeContainersGPMember" xlink:type="locator"/>
    <label id="label_NaviosMaritimeContainersGPMember" xlink:label="label_NaviosMaritimeContainersGPMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosMaritimeContainersGPMember" xlink:type="resource" xml:lang="en-US">Navios Maritime Containers GP [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMaritimeContainersGPMember" xlink:title="label: NaviosMaritimeContainersGPMember to label_NaviosMaritimeContainersGPMember" xlink:to="label_NaviosMaritimeContainersGPMember" xlink:type="arc"/>
    <label id="label_NaviosMaritimeContainersGPMember_2" xlink:label="label_NaviosMaritimeContainersGPMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosMaritimeContainersGPMember" xlink:type="resource" xml:lang="en-US">Navios Maritime Containers GP LLC</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMaritimeContainersGPMember" xlink:title="label: NaviosMaritimeContainersGPMember to label_NaviosMaritimeContainersGPMember" xlink:to="label_NaviosMaritimeContainersGPMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosContainersManagementIncMember" xlink:label="NaviosContainersManagementIncMember" xlink:title="NaviosContainersManagementIncMember" xlink:type="locator"/>
    <label id="label_NaviosContainersManagementIncMember" xlink:label="label_NaviosContainersManagementIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosContainersManagementIncMember" xlink:type="resource" xml:lang="en-US">Navios Containers Management Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersManagementIncMember" xlink:title="label: NaviosContainersManagementIncMember to label_NaviosContainersManagementIncMember" xlink:to="label_NaviosContainersManagementIncMember" xlink:type="arc"/>
    <label id="label_NaviosContainersManagementIncMember_2" xlink:label="label_NaviosContainersManagementIncMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosContainersManagementIncMember" xlink:type="resource" xml:lang="en-US">Navios Containers Management Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersManagementIncMember" xlink:title="label: NaviosContainersManagementIncMember to label_NaviosContainersManagementIncMember" xlink:to="label_NaviosContainersManagementIncMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PacificoNavigationCorpMember" xlink:label="PacificoNavigationCorpMember" xlink:title="PacificoNavigationCorpMember" xlink:type="locator"/>
    <label id="label_PacificoNavigationCorpMember" xlink:label="label_PacificoNavigationCorpMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PacificoNavigationCorpMember" xlink:type="resource" xml:lang="en-US">Pacifico Navigation Corp [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PacificoNavigationCorpMember" xlink:title="label: PacificoNavigationCorpMember to label_PacificoNavigationCorpMember" xlink:to="label_PacificoNavigationCorpMember" xlink:type="arc"/>
    <label id="label_PacificoNavigationCorpMember_2" xlink:label="label_PacificoNavigationCorpMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PacificoNavigationCorpMember" xlink:type="resource" xml:lang="en-US">Pacifico Navigation Corp.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PacificoNavigationCorpMember" xlink:title="label: PacificoNavigationCorpMember to label_PacificoNavigationCorpMember" xlink:to="label_PacificoNavigationCorpMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RiderShipmanagementIncMember" xlink:label="RiderShipmanagementIncMember" xlink:title="RiderShipmanagementIncMember" xlink:type="locator"/>
    <label id="label_RiderShipmanagementIncMember" xlink:label="label_RiderShipmanagementIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RiderShipmanagementIncMember" xlink:type="resource" xml:lang="en-US">Rider Shipmanagement Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RiderShipmanagementIncMember" xlink:title="label: RiderShipmanagementIncMember to label_RiderShipmanagementIncMember" xlink:to="label_RiderShipmanagementIncMember" xlink:type="arc"/>
    <label id="label_RiderShipmanagementIncMember_2" xlink:label="label_RiderShipmanagementIncMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RiderShipmanagementIncMember" xlink:type="resource" xml:lang="en-US">Rider Shipmanagement Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RiderShipmanagementIncMember" xlink:title="label: RiderShipmanagementIncMember to label_RiderShipmanagementIncMember" xlink:to="label_RiderShipmanagementIncMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TaliaShiptradeSAMember" xlink:label="TaliaShiptradeSAMember" xlink:title="TaliaShiptradeSAMember" xlink:type="locator"/>
    <label id="label_TaliaShiptradeSAMember" xlink:label="label_TaliaShiptradeSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaliaShiptradeSAMember" xlink:type="resource" xml:lang="en-US">Talia Shiptrade SA [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaliaShiptradeSAMember" xlink:title="label: TaliaShiptradeSAMember to label_TaliaShiptradeSAMember" xlink:to="label_TaliaShiptradeSAMember" xlink:type="arc"/>
    <label id="label_TaliaShiptradeSAMember_2" xlink:label="label_TaliaShiptradeSAMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TaliaShiptradeSAMember" xlink:type="resource" xml:lang="en-US">Talia Shiptrade S.A.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaliaShiptradeSAMember" xlink:title="label: TaliaShiptradeSAMember to label_TaliaShiptradeSAMember" xlink:to="label_TaliaShiptradeSAMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsAbstract" xlink:label="RestrictedCashAndCashEquivalentsAbstract" xlink:title="RestrictedCashAndCashEquivalentsAbstract" xlink:type="locator"/>
    <label id="label_RestrictedCashAndCashEquivalentsAbstract" xlink:label="label_RestrictedCashAndCashEquivalentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestrictedCashAndCashEquivalentsAbstract" xlink:type="resource" xml:lang="en-US">Restricted Cash and Cash Equivalents [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestrictedCashAndCashEquivalentsAbstract" xlink:title="label: RestrictedCashAndCashEquivalentsAbstract to label_RestrictedCashAndCashEquivalentsAbstract" xlink:to="label_RestrictedCashAndCashEquivalentsAbstract" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RestatementAxis" xlink:label="RestatementAxis" xlink:title="RestatementAxis" xlink:type="locator"/>
    <label id="label_RestatementAxis" xlink:label="label_RestatementAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestatementAxis" xlink:type="resource" xml:lang="en-US">Restatement [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestatementAxis" xlink:title="label: RestatementAxis to label_RestatementAxis" xlink:to="label_RestatementAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RestatementDomain" xlink:label="RestatementDomain" xlink:title="RestatementDomain" xlink:type="locator"/>
    <label id="label_RestatementDomain" xlink:label="label_RestatementDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestatementDomain" xlink:type="resource" xml:lang="en-US">Restatement [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestatementDomain" xlink:title="label: RestatementDomain to label_RestatementDomain" xlink:to="label_RestatementDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RestatementAdjustmentMember" xlink:label="RestatementAdjustmentMember" xlink:title="RestatementAdjustmentMember" xlink:type="locator"/>
    <label id="label_RestatementAdjustmentMember" xlink:label="label_RestatementAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RestatementAdjustmentMember" xlink:type="resource" xml:lang="en-US">Restatement Adjustment [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestatementAdjustmentMember" xlink:title="label: RestatementAdjustmentMember to label_RestatementAdjustmentMember" xlink:to="label_RestatementAdjustmentMember" xlink:type="arc"/>
    <label id="label_RestatementAdjustmentMember_2" xlink:label="label_RestatementAdjustmentMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RestatementAdjustmentMember" xlink:type="resource" xml:lang="en-US">Effect of Standard Adoption</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RestatementAdjustmentMember" xlink:title="label: RestatementAdjustmentMember to label_RestatementAdjustmentMember" xlink:to="label_RestatementAdjustmentMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:label="AdjustmentsForNewAccountingPronouncementsAxis" xlink:title="AdjustmentsForNewAccountingPronouncementsAxis" xlink:type="locator"/>
    <label id="label_AdjustmentsForNewAccountingPronouncementsAxis" xlink:label="label_AdjustmentsForNewAccountingPronouncementsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForNewAccountingPronouncementsAxis" xlink:type="resource" xml:lang="en-US">Adjustments for New Accounting Pronouncements [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForNewAccountingPronouncementsAxis" xlink:title="label: AdjustmentsForNewAccountingPronouncementsAxis to label_AdjustmentsForNewAccountingPronouncementsAxis" xlink:to="label_AdjustmentsForNewAccountingPronouncementsAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TypeOfAdoptionMember" xlink:label="TypeOfAdoptionMember" xlink:title="TypeOfAdoptionMember" xlink:type="locator"/>
    <label id="label_TypeOfAdoptionMember" xlink:label="label_TypeOfAdoptionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TypeOfAdoptionMember" xlink:type="resource" xml:lang="en-US">Type of Adoption [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypeOfAdoptionMember" xlink:title="label: TypeOfAdoptionMember to label_TypeOfAdoptionMember" xlink:to="label_TypeOfAdoptionMember" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountingStandardsUpdate201618Member" xlink:label="AccountingStandardsUpdate201618Member" xlink:title="AccountingStandardsUpdate201618Member" xlink:type="locator"/>
    <label id="label_AccountingStandardsUpdate201618Member" xlink:label="label_AccountingStandardsUpdate201618Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountingStandardsUpdate201618Member" xlink:type="resource" xml:lang="en-US">Accounting Standards Update 2016-18 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountingStandardsUpdate201618Member" xlink:title="label: AccountingStandardsUpdate201618Member to label_AccountingStandardsUpdate201618Member" xlink:to="label_AccountingStandardsUpdate201618Member" xlink:type="arc"/>
    <label id="label_AccountingStandardsUpdate201618Member_2" xlink:label="label_AccountingStandardsUpdate201618Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccountingStandardsUpdate201618Member" xlink:type="resource" xml:lang="en-US">ASU 2016-18</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountingStandardsUpdate201618Member" xlink:title="label: AccountingStandardsUpdate201618Member to label_AccountingStandardsUpdate201618Member" xlink:to="label_AccountingStandardsUpdate201618Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PriorReverseStockSplitMember" xlink:label="PriorReverseStockSplitMember" xlink:title="PriorReverseStockSplitMember" xlink:type="locator"/>
    <label id="label_PriorReverseStockSplitMember" xlink:label="label_PriorReverseStockSplitMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PriorReverseStockSplitMember" xlink:type="resource" xml:lang="en-US">Prior Reverse Stock Split [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PriorReverseStockSplitMember" xlink:title="label: PriorReverseStockSplitMember to label_PriorReverseStockSplitMember" xlink:to="label_PriorReverseStockSplitMember" xlink:type="arc"/>
    <label id="label_PriorReverseStockSplitMember_2" xlink:label="label_PriorReverseStockSplitMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PriorReverseStockSplitMember" xlink:type="resource" xml:lang="en-US">Before 1-for-10 reverse stock split</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PriorReverseStockSplitMember" xlink:title="label: PriorReverseStockSplitMember to label_PriorReverseStockSplitMember" xlink:to="label_PriorReverseStockSplitMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AdjustmentsToAdditionalPaidInCapitalReverseStockSplit" xlink:label="AdjustmentsToAdditionalPaidInCapitalReverseStockSplit" xlink:title="AdjustmentsToAdditionalPaidInCapitalReverseStockSplit" xlink:type="locator"/>
    <label id="label_AdjustmentsToAdditionalPaidInCapitalReverseStockSplit" xlink:label="label_AdjustmentsToAdditionalPaidInCapitalReverseStockSplit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsToAdditionalPaidInCapitalReverseStockSplit" xlink:type="resource" xml:lang="en-US">Adjustments to Additional Paid in Capital, Reverse Stock Split</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsToAdditionalPaidInCapitalReverseStockSplit" xlink:title="label: AdjustmentsToAdditionalPaidInCapitalReverseStockSplit to label_AdjustmentsToAdditionalPaidInCapitalReverseStockSplit" xlink:to="label_AdjustmentsToAdditionalPaidInCapitalReverseStockSplit" xlink:type="arc"/>
    <label id="label_AdjustmentsToAdditionalPaidInCapitalReverseStockSplit_2" xlink:label="label_AdjustmentsToAdditionalPaidInCapitalReverseStockSplit_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsToAdditionalPaidInCapitalReverseStockSplit" xlink:type="resource" xml:lang="en-US">Adjustments to Additional Paid in Capital, Reverse stock split</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsToAdditionalPaidInCapitalReverseStockSplit" xlink:title="label: AdjustmentsToAdditionalPaidInCapitalReverseStockSplit to label_AdjustmentsToAdditionalPaidInCapitalReverseStockSplit" xlink:to="label_AdjustmentsToAdditionalPaidInCapitalReverseStockSplit_2" xlink:type="arc"/>
    <label id="label_AdjustmentsToAdditionalPaidInCapitalReverseStockSplit_3" xlink:label="label_AdjustmentsToAdditionalPaidInCapitalReverseStockSplit_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsToAdditionalPaidInCapitalReverseStockSplit" xlink:type="resource" xml:lang="en-US">Amount of increase in additional paid in capital (APIC) resulting from a reverse stock split in which per-share par value or stated value is not changed proportionately.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsToAdditionalPaidInCapitalReverseStockSplit" xlink:title="label: AdjustmentsToAdditionalPaidInCapitalReverseStockSplit to label_AdjustmentsToAdditionalPaidInCapitalReverseStockSplit" xlink:to="label_AdjustmentsToAdditionalPaidInCapitalReverseStockSplit_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AdjustmentsToCommonStockReverseStockSplit" xlink:label="AdjustmentsToCommonStockReverseStockSplit" xlink:title="AdjustmentsToCommonStockReverseStockSplit" xlink:type="locator"/>
    <label id="label_AdjustmentsToCommonStockReverseStockSplit" xlink:label="label_AdjustmentsToCommonStockReverseStockSplit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsToCommonStockReverseStockSplit" xlink:type="resource" xml:lang="en-US">Adjustments to Common Stock, Reverse Stock Split</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsToCommonStockReverseStockSplit" xlink:title="label: AdjustmentsToCommonStockReverseStockSplit to label_AdjustmentsToCommonStockReverseStockSplit" xlink:to="label_AdjustmentsToCommonStockReverseStockSplit" xlink:type="arc"/>
    <label id="label_AdjustmentsToCommonStockReverseStockSplit_2" xlink:label="label_AdjustmentsToCommonStockReverseStockSplit_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsToCommonStockReverseStockSplit" xlink:type="resource" xml:lang="en-US">Adjustments to Common Stock, Reverse stock split</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsToCommonStockReverseStockSplit" xlink:title="label: AdjustmentsToCommonStockReverseStockSplit to label_AdjustmentsToCommonStockReverseStockSplit" xlink:to="label_AdjustmentsToCommonStockReverseStockSplit_2" xlink:type="arc"/>
    <label id="label_AdjustmentsToCommonStockReverseStockSplit_3" xlink:label="label_AdjustmentsToCommonStockReverseStockSplit_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsToCommonStockReverseStockSplit" xlink:type="resource" xml:lang="en-US">Amount of decrease in common stock resulting from a reverse stock split in which per-share par value or stated value is not changed proportionately.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsToCommonStockReverseStockSplit" xlink:title="label: AdjustmentsToCommonStockReverseStockSplit to label_AdjustmentsToCommonStockReverseStockSplit" xlink:to="label_AdjustmentsToCommonStockReverseStockSplit_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FourVesselsHeldAndUsedMember" xlink:label="FourVesselsHeldAndUsedMember" xlink:title="FourVesselsHeldAndUsedMember" xlink:type="locator"/>
    <label id="label_FourVesselsHeldAndUsedMember_2" xlink:label="label_FourVesselsHeldAndUsedMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FourVesselsHeldAndUsedMember" xlink:type="resource" xml:lang="en-US">Four Vessel Held And Used [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FourVesselsHeldAndUsedMember" xlink:title="label: FourVesselsHeldAndUsedMember to label_FourVesselsHeldAndUsedMember" xlink:to="label_FourVesselsHeldAndUsedMember_2" xlink:type="arc"/>
    <label id="label_FourVesselsHeldAndUsedMember" xlink:label="label_FourVesselsHeldAndUsedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FourVesselsHeldAndUsedMember" xlink:type="resource" xml:lang="en-US">Four dry bulk vessels held and used</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FourVesselsHeldAndUsedMember" xlink:title="label: FourVesselsHeldAndUsedMember to label_FourVesselsHeldAndUsedMember" xlink:to="label_FourVesselsHeldAndUsedMember" xlink:type="arc"/>
    <label id="label_FourVesselsHeldAndUsedMember_3" xlink:label="label_FourVesselsHeldAndUsedMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FourVesselsHeldAndUsedMember" xlink:type="resource" xml:lang="en-US">Four vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FourVesselsHeldAndUsedMember" xlink:title="label: FourVesselsHeldAndUsedMember to label_FourVesselsHeldAndUsedMember" xlink:to="label_FourVesselsHeldAndUsedMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_VoyageContractsMember" xlink:label="VoyageContractsMember" xlink:title="VoyageContractsMember" xlink:type="locator"/>
    <label id="label_VoyageContractsMember" xlink:label="label_VoyageContractsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VoyageContractsMember" xlink:type="resource" xml:lang="en-US">Voyage Contracts [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VoyageContractsMember" xlink:title="label: VoyageContractsMember to label_VoyageContractsMember" xlink:to="label_VoyageContractsMember" xlink:type="arc"/>
    <label id="label_VoyageContractsMember_2" xlink:label="label_VoyageContractsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VoyageContractsMember" xlink:type="resource" xml:lang="en-US">COA/Voyage revenue</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VoyageContractsMember" xlink:title="label: VoyageContractsMember to label_VoyageContractsMember" xlink:to="label_VoyageContractsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TimeAndBareboatCharteringMember" xlink:label="TimeAndBareboatCharteringMember" xlink:title="TimeAndBareboatCharteringMember" xlink:type="locator"/>
    <label id="label_TimeAndBareboatCharteringMember" xlink:label="label_TimeAndBareboatCharteringMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TimeAndBareboatCharteringMember" xlink:type="resource" xml:lang="en-US">Time And Bareboat Chartering [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TimeAndBareboatCharteringMember" xlink:title="label: TimeAndBareboatCharteringMember to label_TimeAndBareboatCharteringMember" xlink:to="label_TimeAndBareboatCharteringMember" xlink:type="arc"/>
    <label id="label_TimeAndBareboatCharteringMember_2" xlink:label="label_TimeAndBareboatCharteringMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TimeAndBareboatCharteringMember" xlink:type="resource" xml:lang="en-US">Time chartering revenue</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TimeAndBareboatCharteringMember" xlink:title="label: TimeAndBareboatCharteringMember to label_TimeAndBareboatCharteringMember" xlink:to="label_TimeAndBareboatCharteringMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ContainersBusinessMember" xlink:label="ContainersBusinessMember" xlink:title="ContainersBusinessMember" xlink:type="locator"/>
    <label id="label_ContainersBusinessMember" xlink:label="label_ContainersBusinessMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContainersBusinessMember" xlink:type="resource" xml:lang="en-US">Containers Business [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainersBusinessMember" xlink:title="label: ContainersBusinessMember to label_ContainersBusinessMember" xlink:to="label_ContainersBusinessMember" xlink:type="arc"/>
    <label id="label_ContainersBusinessMember_2" xlink:label="label_ContainersBusinessMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContainersBusinessMember" xlink:type="resource" xml:lang="en-US">Containers Business</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainersBusinessMember" xlink:title="label: ContainersBusinessMember to label_ContainersBusinessMember" xlink:to="label_ContainersBusinessMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ProfitSharingMember" xlink:label="ProfitSharingMember" xlink:title="ProfitSharingMember" xlink:type="locator"/>
    <label id="label_ProfitSharingMember" xlink:label="label_ProfitSharingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitSharingMember" xlink:type="resource" xml:lang="en-US">Profit Sharing [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitSharingMember" xlink:title="label: ProfitSharingMember to label_ProfitSharingMember" xlink:to="label_ProfitSharingMember" xlink:type="arc"/>
    <label id="label_ProfitSharingMember_2" xlink:label="label_ProfitSharingMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitSharingMember" xlink:type="resource" xml:lang="en-US">Profit sharing revenue</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitSharingMember" xlink:title="label: ProfitSharingMember to label_ProfitSharingMember" xlink:to="label_ProfitSharingMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PortTerminalOperationsMember" xlink:label="PortTerminalOperationsMember" xlink:title="PortTerminalOperationsMember" xlink:type="locator"/>
    <label id="label_PortTerminalOperationsMember" xlink:label="label_PortTerminalOperationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PortTerminalOperationsMember" xlink:type="resource" xml:lang="en-US">Port Terminal Operations [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortTerminalOperationsMember" xlink:title="label: PortTerminalOperationsMember to label_PortTerminalOperationsMember" xlink:to="label_PortTerminalOperationsMember" xlink:type="arc"/>
    <label id="label_PortTerminalOperationsMember_2" xlink:label="label_PortTerminalOperationsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PortTerminalOperationsMember" xlink:type="resource" xml:lang="en-US">Port terminal operations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortTerminalOperationsMember" xlink:title="label: PortTerminalOperationsMember to label_PortTerminalOperationsMember" xlink:to="label_PortTerminalOperationsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_StorageFeesMember" xlink:label="StorageFeesMember" xlink:title="StorageFeesMember" xlink:type="locator"/>
    <label id="label_StorageFeesMember" xlink:label="label_StorageFeesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StorageFeesMember" xlink:type="resource" xml:lang="en-US">Storage Fees [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StorageFeesMember" xlink:title="label: StorageFeesMember to label_StorageFeesMember" xlink:to="label_StorageFeesMember" xlink:type="arc"/>
    <label id="label_StorageFeesMember_2" xlink:label="label_StorageFeesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StorageFeesMember" xlink:type="resource" xml:lang="en-US">Storage fees (dry port) revenue</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StorageFeesMember" xlink:title="label: StorageFeesMember to label_StorageFeesMember" xlink:to="label_StorageFeesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DryPortTerminalOperationsMember" xlink:label="DryPortTerminalOperationsMember" xlink:title="DryPortTerminalOperationsMember" xlink:type="locator"/>
    <label id="label_DryPortTerminalOperationsMember" xlink:label="label_DryPortTerminalOperationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DryPortTerminalOperationsMember" xlink:type="resource" xml:lang="en-US">Dry Port Terminal Operations [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DryPortTerminalOperationsMember" xlink:title="label: DryPortTerminalOperationsMember to label_DryPortTerminalOperationsMember" xlink:to="label_DryPortTerminalOperationsMember" xlink:type="arc"/>
    <label id="label_DryPortTerminalOperationsMember_2" xlink:label="label_DryPortTerminalOperationsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DryPortTerminalOperationsMember" xlink:type="resource" xml:lang="en-US">Dockage operations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DryPortTerminalOperationsMember" xlink:title="label: DryPortTerminalOperationsMember to label_DryPortTerminalOperationsMember" xlink:to="label_DryPortTerminalOperationsMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ProductOrServiceAxis" xlink:label="ProductOrServiceAxis" xlink:title="ProductOrServiceAxis" xlink:type="locator"/>
    <label id="label_ProductOrServiceAxis" xlink:label="label_ProductOrServiceAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProductOrServiceAxis" xlink:type="resource" xml:lang="en-US">Product Or Service [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProductOrServiceAxis" xlink:title="label: ProductOrServiceAxis to label_ProductOrServiceAxis" xlink:to="label_ProductOrServiceAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ProductsAndServicesDomain" xlink:label="ProductsAndServicesDomain" xlink:title="ProductsAndServicesDomain" xlink:type="locator"/>
    <label id="label_ProductsAndServicesDomain" xlink:label="label_ProductsAndServicesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProductsAndServicesDomain" xlink:type="resource" xml:lang="en-US">Products And Services [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProductsAndServicesDomain" xlink:title="label: ProductsAndServicesDomain to label_ProductsAndServicesDomain" xlink:to="label_ProductsAndServicesDomain" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SaleOfProductsMember" xlink:label="SaleOfProductsMember" xlink:title="SaleOfProductsMember" xlink:type="locator"/>
    <label id="label_SaleOfProductsMember" xlink:label="label_SaleOfProductsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SaleOfProductsMember" xlink:type="resource" xml:lang="en-US">Sale Of Products [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleOfProductsMember" xlink:title="label: SaleOfProductsMember to label_SaleOfProductsMember" xlink:to="label_SaleOfProductsMember" xlink:type="arc"/>
    <label id="label_SaleOfProductsMember_2" xlink:label="label_SaleOfProductsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SaleOfProductsMember" xlink:type="resource" xml:lang="en-US">Sale of products revenue</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleOfProductsMember" xlink:title="label: SaleOfProductsMember to label_SaleOfProductsMember" xlink:to="label_SaleOfProductsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LiquidPortTerminalOperationsMember" xlink:label="LiquidPortTerminalOperationsMember" xlink:title="LiquidPortTerminalOperationsMember" xlink:type="locator"/>
    <label id="label_LiquidPortTerminalOperationsMember" xlink:label="label_LiquidPortTerminalOperationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiquidPortTerminalOperationsMember" xlink:type="resource" xml:lang="en-US">Liquid Port Terminal Operations [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquidPortTerminalOperationsMember" xlink:title="label: LiquidPortTerminalOperationsMember to label_LiquidPortTerminalOperationsMember" xlink:to="label_LiquidPortTerminalOperationsMember" xlink:type="arc"/>
    <label id="label_LiquidPortTerminalOperationsMember_2" xlink:label="label_LiquidPortTerminalOperationsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiquidPortTerminalOperationsMember" xlink:type="resource" xml:lang="en-US">Liquid port terminal operations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquidPortTerminalOperationsMember" xlink:title="label: LiquidPortTerminalOperationsMember to label_LiquidPortTerminalOperationsMember" xlink:to="label_LiquidPortTerminalOperationsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CharterInContractsMember" xlink:label="CharterInContractsMember" xlink:title="CharterInContractsMember" xlink:type="locator"/>
    <label id="label_CharterInContractsMember" xlink:label="label_CharterInContractsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CharterInContractsMember" xlink:type="resource" xml:lang="en-US">Charter-In Contracts [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharterInContractsMember" xlink:title="label: CharterInContractsMember to label_CharterInContractsMember" xlink:to="label_CharterInContractsMember" xlink:type="arc"/>
    <label id="label_CharterInContractsMember_2" xlink:label="label_CharterInContractsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CharterInContractsMember" xlink:type="resource" xml:lang="en-US">Charter-in contracts</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharterInContractsMember" xlink:title="label: CharterInContractsMember to label_CharterInContractsMember" xlink:to="label_CharterInContractsMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseLiability" xlink:label="OperatingLeaseLiability" xlink:title="OperatingLeaseLiability" xlink:type="locator"/>
    <label id="label_OperatingLeaseLiability" xlink:label="label_OperatingLeaseLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeaseLiability" xlink:type="resource" xml:lang="en-US">Operating lease liability</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeaseLiability" xlink:title="label: OperatingLeaseLiability to label_OperatingLeaseLiability" xlink:to="label_OperatingLeaseLiability" xlink:type="arc"/>
    <label id="label_OperatingLeaseLiability_2" xlink:label="label_OperatingLeaseLiability_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeaseLiability" xlink:type="resource" xml:lang="en-US">Operating lease liabilities, including current portion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeaseLiability" xlink:title="label: OperatingLeaseLiability to label_OperatingLeaseLiability" xlink:to="label_OperatingLeaseLiability_2" xlink:type="arc"/>
    <label id="label_OperatingLeaseLiability_3" xlink:label="label_OperatingLeaseLiability_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OperatingLeaseLiability" xlink:type="resource" xml:lang="en-US">Operating lease liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeaseLiability" xlink:title="label: OperatingLeaseLiability to label_OperatingLeaseLiability" xlink:to="label_OperatingLeaseLiability_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseRightOfUseAsset" xlink:label="OperatingLeaseRightOfUseAsset" xlink:title="OperatingLeaseRightOfUseAsset" xlink:type="locator"/>
    <label id="label_OperatingLeaseRightOfUseAsset" xlink:label="label_OperatingLeaseRightOfUseAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeaseRightOfUseAsset" xlink:type="resource" xml:lang="en-US">Operating Lease, Right-of-Use Asset</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeaseRightOfUseAsset" xlink:title="label: OperatingLeaseRightOfUseAsset to label_OperatingLeaseRightOfUseAsset" xlink:to="label_OperatingLeaseRightOfUseAsset" xlink:type="arc"/>
    <label id="label_OperatingLeaseRightOfUseAsset_2" xlink:label="label_OperatingLeaseRightOfUseAsset_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeaseRightOfUseAsset" xlink:type="resource" xml:lang="en-US">Operating lease, Right-of-use asset</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeaseRightOfUseAsset" xlink:title="label: OperatingLeaseRightOfUseAsset to label_OperatingLeaseRightOfUseAsset" xlink:to="label_OperatingLeaseRightOfUseAsset_2" xlink:type="arc"/>
    <label id="label_OperatingLeaseRightOfUseAsset_3" xlink:label="label_OperatingLeaseRightOfUseAsset_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OperatingLeaseRightOfUseAsset" xlink:type="resource" xml:lang="en-US">Operating lease assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeaseRightOfUseAsset" xlink:title="label: OperatingLeaseRightOfUseAsset to label_OperatingLeaseRightOfUseAsset" xlink:to="label_OperatingLeaseRightOfUseAsset_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountingStandardsUpdate201602Member" xlink:label="AccountingStandardsUpdate201602Member" xlink:title="AccountingStandardsUpdate201602Member" xlink:type="locator"/>
    <label id="label_AccountingStandardsUpdate201602Member" xlink:label="label_AccountingStandardsUpdate201602Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountingStandardsUpdate201602Member" xlink:type="resource" xml:lang="en-US">Accounting Standards Update 2016-02 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountingStandardsUpdate201602Member" xlink:title="label: AccountingStandardsUpdate201602Member to label_AccountingStandardsUpdate201602Member" xlink:to="label_AccountingStandardsUpdate201602Member" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferredAbstract" xlink:label="BusinessCombinationConsiderationTransferredAbstract" xlink:title="BusinessCombinationConsiderationTransferredAbstract" xlink:type="locator"/>
    <label id="label_BusinessCombinationConsiderationTransferredAbstract" xlink:label="label_BusinessCombinationConsiderationTransferredAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessCombinationConsiderationTransferredAbstract" xlink:type="resource" xml:lang="en-US">Fair value of Navios Containers&#x2019; outstanding shares:</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValue1" xlink:label="BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValue1" xlink:title="BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValue1" xlink:type="locator"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValue1" xlink:title="label: BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValue1 to label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValue1" xlink:to="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValue1_2" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValue1" xlink:title="label: BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValue1 to label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValue1" xlink:to="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValue1_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets" xlink:label="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets" xlink:title="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets" xlink:type="locator"/>
    <label id="label_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets" xlink:label="label_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets" xlink:type="resource" xml:lang="en-US">Current assets (including cash and restricted cash of $24,400)</label>
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    <label id="label_BusinessAcquisitionsProFormaNetIncomeLoss_2" xlink:label="label_BusinessAcquisitionsProFormaNetIncomeLoss_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BusinessAcquisitionsProFormaNetIncomeLoss" xlink:type="resource" xml:lang="en-US">Pro forma net income/(loss)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessAcquisitionsProFormaNetIncomeLoss" xlink:title="label: BusinessAcquisitionsProFormaNetIncomeLoss to label_BusinessAcquisitionsProFormaNetIncomeLoss" xlink:to="label_BusinessAcquisitionsProFormaNetIncomeLoss_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual" xlink:label="BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual" xlink:title="BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual" xlink:type="locator"/>
    <label id="label_BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual" xlink:label="label_BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual" xlink:type="resource" xml:lang="en-US">Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual" xlink:title="label: BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual to label_BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual" xlink:to="label_BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual" xlink:label="BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual" xlink:title="BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual" xlink:type="locator"/>
    <label id="label_BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual" xlink:label="label_BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual" xlink:type="resource" xml:lang="en-US">Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual" xlink:title="label: BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual to label_BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual" xlink:to="label_BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosContainersMember" xlink:label="NaviosContainersMember" xlink:title="NaviosContainersMember" xlink:type="locator"/>
    <label id="label_NaviosContainersMember" xlink:label="label_NaviosContainersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosContainersMember" xlink:type="resource" xml:lang="en-US">Navios Containers [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersMember" xlink:title="label: NaviosContainersMember to label_NaviosContainersMember" xlink:to="label_NaviosContainersMember" xlink:type="arc"/>
    <label id="label_NaviosContainersMember_2" xlink:label="label_NaviosContainersMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosContainersMember" xlink:type="resource" xml:lang="en-US">Navios Containers</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersMember" xlink:title="label: NaviosContainersMember to label_NaviosContainersMember" xlink:to="label_NaviosContainersMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CustomerConcentrationRisk3Member" xlink:label="CustomerConcentrationRisk3Member" xlink:title="CustomerConcentrationRisk3Member" xlink:type="locator"/>
    <label id="label_CustomerConcentrationRisk3Member" xlink:label="label_CustomerConcentrationRisk3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CustomerConcentrationRisk3Member" xlink:type="resource" xml:lang="en-US">Customer Concentration Risk 3 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CustomerConcentrationRisk3Member" xlink:title="label: CustomerConcentrationRisk3Member to label_CustomerConcentrationRisk3Member" xlink:to="label_CustomerConcentrationRisk3Member" xlink:type="arc"/>
    <label id="label_CustomerConcentrationRisk3Member_2" xlink:label="label_CustomerConcentrationRisk3Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CustomerConcentrationRisk3Member" xlink:type="resource" xml:lang="en-US">Customer 3</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CustomerConcentrationRisk3Member" xlink:title="label: CustomerConcentrationRisk3Member to label_CustomerConcentrationRisk3Member" xlink:to="label_CustomerConcentrationRisk3Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ContainershipsNaviosContainersMember" xlink:label="ContainershipsNaviosContainersMember" xlink:title="ContainershipsNaviosContainersMember" xlink:type="locator"/>
    <label id="label_ContainershipsNaviosContainersMember" xlink:label="label_ContainershipsNaviosContainersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContainershipsNaviosContainersMember" xlink:type="resource" xml:lang="en-US">Containerships (Navios Containers) [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainershipsNaviosContainersMember" xlink:title="label: ContainershipsNaviosContainersMember to label_ContainershipsNaviosContainersMember" xlink:to="label_ContainershipsNaviosContainersMember" xlink:type="arc"/>
    <label id="label_ContainershipsNaviosContainersMember_2" xlink:label="label_ContainershipsNaviosContainersMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContainershipsNaviosContainersMember" xlink:type="resource" xml:lang="en-US">Containerships (Navios Containers)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainershipsNaviosContainersMember" xlink:title="label: ContainershipsNaviosContainersMember to label_ContainershipsNaviosContainersMember" xlink:to="label_ContainershipsNaviosContainersMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:label="ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:title="ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:type="locator"/>
    <label id="label_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:label="label_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:type="resource" xml:lang="en-US">Schedule of Finite-Lived Intangible Assets [Table]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:title="label: ScheduleOfFiniteLivedIntangibleAssetsTable to label_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:to="label_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FavorableLeaseTermsMember" xlink:label="FavorableLeaseTermsMember" xlink:title="FavorableLeaseTermsMember" xlink:type="locator"/>
    <label id="label_FavorableLeaseTermsMember" xlink:label="label_FavorableLeaseTermsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FavorableLeaseTermsMember" xlink:type="resource" xml:lang="en-US">Favorable Lease Terms [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FavorableLeaseTermsMember" xlink:title="label: FavorableLeaseTermsMember to label_FavorableLeaseTermsMember" xlink:to="label_FavorableLeaseTermsMember" xlink:type="arc"/>
    <label id="label_FavorableLeaseTermsMember_2" xlink:label="label_FavorableLeaseTermsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FavorableLeaseTermsMember" xlink:type="resource" xml:lang="en-US">Favorable lease terms</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FavorableLeaseTermsMember" xlink:title="label: FavorableLeaseTermsMember to label_FavorableLeaseTermsMember" xlink:to="label_FavorableLeaseTermsMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1" xlink:label="FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1" xlink:title="FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1" xlink:type="locator"/>
    <label id="label_FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1" xlink:label="label_FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets, Remaining Amortization Period</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1" xlink:title="label: FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1 to label_FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1" xlink:to="label_FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1" xlink:type="arc"/>
    <label id="label_FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1_2" xlink:label="label_FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1" xlink:type="resource" xml:lang="en-US">Weighted Average Amortization (years)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1" xlink:title="label: FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1 to label_FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1" xlink:to="label_FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosMagellanMember" xlink:label="NaviosMagellanMember" xlink:title="NaviosMagellanMember" xlink:type="locator"/>
    <label id="label_NaviosMagellanMember" xlink:label="label_NaviosMagellanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosMagellanMember" xlink:type="resource" xml:lang="en-US">Navios Magellan [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMagellanMember" xlink:title="label: NaviosMagellanMember to label_NaviosMagellanMember" xlink:to="label_NaviosMagellanMember" xlink:type="arc"/>
    <label id="label_NaviosMagellanMember_2" xlink:label="label_NaviosMagellanMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosMagellanMember" xlink:type="resource" xml:lang="en-US">Navios Magellan</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMagellanMember" xlink:title="label: NaviosMagellanMember to label_NaviosMagellanMember" xlink:to="label_NaviosMagellanMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosAchillesMember" xlink:label="NaviosAchillesMember" xlink:title="NaviosAchillesMember" xlink:type="locator"/>
    <label id="label_NaviosAchillesMember" xlink:label="label_NaviosAchillesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosAchillesMember" xlink:type="resource" xml:lang="en-US">Navios Achilles [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAchillesMember" xlink:title="label: NaviosAchillesMember to label_NaviosAchillesMember" xlink:to="label_NaviosAchillesMember" xlink:type="arc"/>
    <label id="label_NaviosAchillesMember_2" xlink:label="label_NaviosAchillesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosAchillesMember" xlink:type="resource" xml:lang="en-US">Navios Achilles</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAchillesMember" xlink:title="label: NaviosAchillesMember to label_NaviosAchillesMember" xlink:to="label_NaviosAchillesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosPrimaveraMember" xlink:label="NaviosPrimaveraMember" xlink:title="NaviosPrimaveraMember" xlink:type="locator"/>
    <label id="label_NaviosPrimaveraMember" xlink:label="label_NaviosPrimaveraMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosPrimaveraMember" xlink:type="resource" xml:lang="en-US">Navios Primavera [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPrimaveraMember" xlink:title="label: NaviosPrimaveraMember to label_NaviosPrimaveraMember" xlink:to="label_NaviosPrimaveraMember" xlink:type="arc"/>
    <label id="label_NaviosPrimaveraMember_2" xlink:label="label_NaviosPrimaveraMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosPrimaveraMember" xlink:type="resource" xml:lang="en-US">Navios Primavera</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPrimaveraMember" xlink:title="label: NaviosPrimaveraMember to label_NaviosPrimaveraMember" xlink:to="label_NaviosPrimaveraMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_BermudaVesselMember" xlink:label="BermudaVesselMember" xlink:title="BermudaVesselMember" xlink:type="locator"/>
    <label id="label_BermudaVesselMember" xlink:label="label_BermudaVesselMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BermudaVesselMember" xlink:type="resource" xml:lang="en-US">Bermuda Vessel [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BermudaVesselMember" xlink:title="label: BermudaVesselMember to label_BermudaVesselMember" xlink:to="label_BermudaVesselMember" xlink:type="arc"/>
    <label id="label_BermudaVesselMember_2" xlink:label="label_BermudaVesselMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BermudaVesselMember" xlink:type="resource" xml:lang="en-US">Bermuda Containership</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BermudaVesselMember" xlink:title="label: BermudaVesselMember to label_BermudaVesselMember" xlink:to="label_BermudaVesselMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_BahamasVesselMember" xlink:label="BahamasVesselMember" xlink:title="BahamasVesselMember" xlink:type="locator"/>
    <label id="label_BahamasVesselMember" xlink:label="label_BahamasVesselMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BahamasVesselMember" xlink:type="resource" xml:lang="en-US">Bahamas Vessel [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BahamasVesselMember" xlink:title="label: BahamasVesselMember to label_BahamasVesselMember" xlink:to="label_BahamasVesselMember" xlink:type="arc"/>
    <label id="label_BahamasVesselMember_2" xlink:label="label_BahamasVesselMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BahamasVesselMember" xlink:type="resource" xml:lang="en-US">Bahamas Containership</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BahamasVesselMember" xlink:title="label: BahamasVesselMember to label_BahamasVesselMember" xlink:to="label_BahamasVesselMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireLand" xlink:label="PaymentsToAcquireLand" xlink:title="PaymentsToAcquireLand" xlink:type="locator"/>
    <label id="label_PaymentsToAcquireLand" xlink:label="label_PaymentsToAcquireLand" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsToAcquireLand" xlink:type="resource" xml:lang="en-US">Payments to Acquire Land</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireLand" xlink:title="label: PaymentsToAcquireLand to label_PaymentsToAcquireLand" xlink:to="label_PaymentsToAcquireLand" xlink:type="arc"/>
    <label id="label_PaymentsToAcquireLand_2" xlink:label="label_PaymentsToAcquireLand_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsToAcquireLand" xlink:type="resource" xml:lang="en-US">Payments to acquire land</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireLand" xlink:title="label: PaymentsToAcquireLand to label_PaymentsToAcquireLand" xlink:to="label_PaymentsToAcquireLand_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LandPortMurtinhoMember" xlink:label="LandPortMurtinhoMember" xlink:title="LandPortMurtinhoMember" xlink:type="locator"/>
    <label id="label_LandPortMurtinhoMember" xlink:label="label_LandPortMurtinhoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LandPortMurtinhoMember" xlink:type="resource" xml:lang="en-US">Land Port Murtinho [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LandPortMurtinhoMember" xlink:title="label: LandPortMurtinhoMember to label_LandPortMurtinhoMember" xlink:to="label_LandPortMurtinhoMember" xlink:type="arc"/>
    <label id="label_LandPortMurtinhoMember_2" xlink:label="label_LandPortMurtinhoMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LandPortMurtinhoMember" xlink:type="resource" xml:lang="en-US">Undeveloped land located in Port Murtinho region, Brazil</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LandPortMurtinhoMember" xlink:title="label: LandPortMurtinhoMember to label_LandPortMurtinhoMember" xlink:to="label_LandPortMurtinhoMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AreaOfLand1" xlink:label="AreaOfLand1" xlink:title="AreaOfLand1" xlink:type="locator"/>
    <label id="label_AreaOfLand1" xlink:label="label_AreaOfLand1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AreaOfLand1" xlink:type="resource" xml:lang="en-US">Area of Land</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaOfLand1" xlink:title="label: AreaOfLand1 to label_AreaOfLand1" xlink:to="label_AreaOfLand1" xlink:type="arc"/>
    <label id="label_AreaOfLand1_2" xlink:label="label_AreaOfLand1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AreaOfLand1" xlink:type="resource" xml:lang="en-US">Area of land (in hectares)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaOfLand1" xlink:title="label: AreaOfLand1 to label_AreaOfLand1" xlink:to="label_AreaOfLand1_2" xlink:type="arc"/>
    <label id="label_AreaOfLand1_3" xlink:label="label_AreaOfLand1_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AreaOfLand1" xlink:type="resource" xml:lang="en-US">Area of land held.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaOfLand1" xlink:title="label: AreaOfLand1 to label_AreaOfLand1" xlink:to="label_AreaOfLand1_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TransfersToOtherLongTermAssets" xlink:label="TransfersToOtherLongTermAssets" xlink:title="TransfersToOtherLongTermAssets" xlink:type="locator"/>
    <label id="label_TransfersToOtherLongTermAssets" xlink:label="label_TransfersToOtherLongTermAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TransfersToOtherLongTermAssets" xlink:type="resource" xml:lang="en-US">Transfers To Other Long Term Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransfersToOtherLongTermAssets" xlink:title="label: TransfersToOtherLongTermAssets to label_TransfersToOtherLongTermAssets" xlink:to="label_TransfersToOtherLongTermAssets" xlink:type="arc"/>
    <label id="label_TransfersToOtherLongTermAssets_2" xlink:label="label_TransfersToOtherLongTermAssets_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TransfersToOtherLongTermAssets" xlink:type="resource" xml:lang="en-US">Value of transfers to other long term assets in noncash investing or financing activities.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransfersToOtherLongTermAssets" xlink:title="label: TransfersToOtherLongTermAssets to label_TransfersToOtherLongTermAssets" xlink:to="label_TransfersToOtherLongTermAssets_2" xlink:type="arc"/>
    <label id="label_TransfersToOtherLongTermAssets_3" xlink:label="label_TransfersToOtherLongTermAssets_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_TransfersToOtherLongTermAssets" xlink:type="resource" xml:lang="en-US">Transfers to other long-term assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransfersToOtherLongTermAssets" xlink:title="label: TransfersToOtherLongTermAssets to label_TransfersToOtherLongTermAssets" xlink:to="label_TransfersToOtherLongTermAssets_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PropertyPlantAndEquipmentTransfersForLiquidCargoes" xlink:label="PropertyPlantAndEquipmentTransfersForLiquidCargoes" xlink:title="PropertyPlantAndEquipmentTransfersForLiquidCargoes" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentTransfersForLiquidCargoes" xlink:label="label_PropertyPlantAndEquipmentTransfersForLiquidCargoes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentTransfersForLiquidCargoes" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Transfers For Liquid Cargoes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentTransfersForLiquidCargoes" xlink:title="label: PropertyPlantAndEquipmentTransfersForLiquidCargoes to label_PropertyPlantAndEquipmentTransfersForLiquidCargoes" xlink:to="label_PropertyPlantAndEquipmentTransfersForLiquidCargoes" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentTransfersForLiquidCargoes_2" xlink:label="label_PropertyPlantAndEquipmentTransfersForLiquidCargoes_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentTransfersForLiquidCargoes" xlink:type="resource" xml:lang="en-US">Transfers from oil storage plant and port facilities for liquid cargoes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentTransfersForLiquidCargoes" xlink:title="label: PropertyPlantAndEquipmentTransfersForLiquidCargoes to label_PropertyPlantAndEquipmentTransfersForLiquidCargoes" xlink:to="label_PropertyPlantAndEquipmentTransfersForLiquidCargoes_2" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentTransfersForLiquidCargoes_3" xlink:label="label_PropertyPlantAndEquipmentTransfersForLiquidCargoes_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PropertyPlantAndEquipmentTransfersForLiquidCargoes" xlink:type="resource" xml:lang="en-US">Amount of increase (decrease) of physical assets used in the normal conduct of business. Examples include oil storage plant and port facilities for liquid cargoes.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentTransfersForLiquidCargoes" xlink:title="label: PropertyPlantAndEquipmentTransfersForLiquidCargoes to label_PropertyPlantAndEquipmentTransfersForLiquidCargoes" xlink:to="label_PropertyPlantAndEquipmentTransfersForLiquidCargoes_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_IronOrePortTerminalMember" xlink:label="IronOrePortTerminalMember" xlink:title="IronOrePortTerminalMember" xlink:type="locator"/>
    <label id="label_IronOrePortTerminalMember" xlink:label="label_IronOrePortTerminalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IronOrePortTerminalMember" xlink:type="resource" xml:lang="en-US">Iron Ore Port Terminal [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IronOrePortTerminalMember" xlink:title="label: IronOrePortTerminalMember to label_IronOrePortTerminalMember" xlink:to="label_IronOrePortTerminalMember" xlink:type="arc"/>
    <label id="label_IronOrePortTerminalMember_2" xlink:label="label_IronOrePortTerminalMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IronOrePortTerminalMember" xlink:type="resource" xml:lang="en-US">Iron ore port terminal in Nueva Palmira, Uruguay</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IronOrePortTerminalMember" xlink:title="label: IronOrePortTerminalMember to label_IronOrePortTerminalMember" xlink:to="label_IronOrePortTerminalMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DamageFromFireExplosionOrOtherHazardMember" xlink:label="DamageFromFireExplosionOrOtherHazardMember" xlink:title="DamageFromFireExplosionOrOtherHazardMember" xlink:type="locator"/>
    <label id="label_DamageFromFireExplosionOrOtherHazardMember" xlink:label="label_DamageFromFireExplosionOrOtherHazardMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DamageFromFireExplosionOrOtherHazardMember" xlink:type="resource" xml:lang="en-US">Damage from Fire, Explosion or Other Hazard [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DamageFromFireExplosionOrOtherHazardMember" xlink:title="label: DamageFromFireExplosionOrOtherHazardMember to label_DamageFromFireExplosionOrOtherHazardMember" xlink:to="label_DamageFromFireExplosionOrOtherHazardMember" xlink:type="arc"/>
    <label id="label_DamageFromFireExplosionOrOtherHazardMember_2" xlink:label="label_DamageFromFireExplosionOrOtherHazardMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DamageFromFireExplosionOrOtherHazardMember" xlink:type="resource" xml:lang="en-US">Insurance claim at the iron ore port terminal in Nueva Palmira, Uruguay</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DamageFromFireExplosionOrOtherHazardMember" xlink:title="label: DamageFromFireExplosionOrOtherHazardMember to label_DamageFromFireExplosionOrOtherHazardMember" xlink:to="label_DamageFromFireExplosionOrOtherHazardMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GainOnSaleOfInvestments" xlink:label="GainOnSaleOfInvestments" xlink:title="GainOnSaleOfInvestments" xlink:type="locator"/>
    <label id="label_GainOnSaleOfInvestments" xlink:label="label_GainOnSaleOfInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainOnSaleOfInvestments" xlink:type="resource" xml:lang="en-US">Gain on Sale of Investments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainOnSaleOfInvestments" xlink:title="label: GainOnSaleOfInvestments to label_GainOnSaleOfInvestments" xlink:to="label_GainOnSaleOfInvestments" xlink:type="arc"/>
    <label id="label_GainOnSaleOfInvestments_2" xlink:label="label_GainOnSaleOfInvestments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainOnSaleOfInvestments" xlink:type="resource" xml:lang="en-US">Gain on sale of investments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainOnSaleOfInvestments" xlink:title="label: GainOnSaleOfInvestments to label_GainOnSaleOfInvestments" xlink:to="label_GainOnSaleOfInvestments_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfEquityMethodInvestments" xlink:label="ProceedsFromSaleOfEquityMethodInvestments" xlink:title="ProceedsFromSaleOfEquityMethodInvestments" xlink:type="locator"/>
    <label id="label_ProceedsFromSaleOfEquityMethodInvestments" xlink:label="label_ProceedsFromSaleOfEquityMethodInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromSaleOfEquityMethodInvestments" xlink:type="resource" xml:lang="en-US">Procceds from sale of investments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfEquityMethodInvestments" xlink:title="label: ProceedsFromSaleOfEquityMethodInvestments to label_ProceedsFromSaleOfEquityMethodInvestments" xlink:to="label_ProceedsFromSaleOfEquityMethodInvestments" xlink:type="arc"/>
    <label id="label_ProceedsFromSaleOfEquityMethodInvestments_2" xlink:label="label_ProceedsFromSaleOfEquityMethodInvestments_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromSaleOfEquityMethodInvestments" xlink:type="resource" xml:lang="en-US">Proceeds from Sale of Equity Method Investments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfEquityMethodInvestments" xlink:title="label: ProceedsFromSaleOfEquityMethodInvestments to label_ProceedsFromSaleOfEquityMethodInvestments" xlink:to="label_ProceedsFromSaleOfEquityMethodInvestments_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleEquitySecuritiesGrossUnrealizedLoss" xlink:label="AvailableForSaleEquitySecuritiesGrossUnrealizedLoss" xlink:title="AvailableForSaleEquitySecuritiesGrossUnrealizedLoss" xlink:type="locator"/>
    <label id="label_AvailableForSaleEquitySecuritiesGrossUnrealizedLoss" xlink:label="label_AvailableForSaleEquitySecuritiesGrossUnrealizedLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AvailableForSaleEquitySecuritiesGrossUnrealizedLoss" xlink:type="resource" xml:lang="en-US">Available-for-sale Equity Securities, Gross Unrealized Loss</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleEquitySecuritiesGrossUnrealizedLoss" xlink:title="label: AvailableForSaleEquitySecuritiesGrossUnrealizedLoss to label_AvailableForSaleEquitySecuritiesGrossUnrealizedLoss" xlink:to="label_AvailableForSaleEquitySecuritiesGrossUnrealizedLoss" xlink:type="arc"/>
    <label id="label_AvailableForSaleEquitySecuritiesGrossUnrealizedLoss_2" xlink:label="label_AvailableForSaleEquitySecuritiesGrossUnrealizedLoss_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AvailableForSaleEquitySecuritiesGrossUnrealizedLoss" xlink:type="resource" xml:lang="en-US">Unrealized loss</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleEquitySecuritiesGrossUnrealizedLoss" xlink:title="label: AvailableForSaleEquitySecuritiesGrossUnrealizedLoss to label_AvailableForSaleEquitySecuritiesGrossUnrealizedLoss" xlink:to="label_AvailableForSaleEquitySecuritiesGrossUnrealizedLoss_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EmporikiBank28745Member" xlink:label="EmporikiBank28745Member" xlink:title="EmporikiBank28745Member" xlink:type="locator"/>
    <label id="label_EmporikiBank28745Member" xlink:label="label_EmporikiBank28745Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EmporikiBank28745Member" xlink:type="resource" xml:lang="en-US">Emporiki Bank $28,745 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmporikiBank28745Member" xlink:title="label: EmporikiBank28745Member to label_EmporikiBank28745Member" xlink:to="label_EmporikiBank28745Member" xlink:type="arc"/>
    <label id="label_EmporikiBank28745Member_2" xlink:label="label_EmporikiBank28745Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EmporikiBank28745Member" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($28,745)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmporikiBank28745Member" xlink:title="label: EmporikiBank28745Member to label_EmporikiBank28745Member" xlink:to="label_EmporikiBank28745Member_2" xlink:type="arc"/>
    <label id="label_EmporikiBank28745Member_3" xlink:label="label_EmporikiBank28745Member_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_EmporikiBank28745Member" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($28,745) to repay all amounts outstanding under the facility agreement dated September 2010 and to repay all amounts outstanding under the facility agreement dated December 20, 2013</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmporikiBank28745Member" xlink:title="label: EmporikiBank28745Member to label_EmporikiBank28745Member" xlink:to="label_EmporikiBank28745Member_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosContainersConsolidatedMember" xlink:label="NaviosContainersConsolidatedMember" xlink:title="NaviosContainersConsolidatedMember" xlink:type="locator"/>
    <label id="label_NaviosContainersConsolidatedMember" xlink:label="label_NaviosContainersConsolidatedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosContainersConsolidatedMember" xlink:type="resource" xml:lang="en-US">Navios Containers Consolidated [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersConsolidatedMember" xlink:title="label: NaviosContainersConsolidatedMember to label_NaviosContainersConsolidatedMember" xlink:to="label_NaviosContainersConsolidatedMember" xlink:type="arc"/>
    <label id="label_NaviosContainersConsolidatedMember_2" xlink:label="label_NaviosContainersConsolidatedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosContainersConsolidatedMember" xlink:type="resource" xml:lang="en-US">Navios Containers borrowings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersConsolidatedMember" xlink:title="label: NaviosContainersConsolidatedMember to label_NaviosContainersConsolidatedMember" xlink:to="label_NaviosContainersConsolidatedMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TotalNaviosContainersLoansMember" xlink:label="TotalNaviosContainersLoansMember" xlink:title="TotalNaviosContainersLoansMember" xlink:type="locator"/>
    <label id="label_TotalNaviosContainersLoansMember" xlink:label="label_TotalNaviosContainersLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TotalNaviosContainersLoansMember" xlink:type="resource" xml:lang="en-US">Total Navios Containers Loans [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalNaviosContainersLoansMember" xlink:title="label: TotalNaviosContainersLoansMember to label_TotalNaviosContainersLoansMember" xlink:to="label_TotalNaviosContainersLoansMember" xlink:type="arc"/>
    <label id="label_TotalNaviosContainersLoansMember_2" xlink:label="label_TotalNaviosContainersLoansMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TotalNaviosContainersLoansMember" xlink:type="resource" xml:lang="en-US">Total Navios Containers borrowings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalNaviosContainersLoansMember" xlink:title="label: TotalNaviosContainersLoansMember to label_TotalNaviosContainersLoansMember" xlink:to="label_TotalNaviosContainersLoansMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ABNAMROBank50Member" xlink:label="ABNAMROBank50Member" xlink:title="ABNAMROBank50Member" xlink:type="locator"/>
    <label id="label_ABNAMROBank50Member" xlink:label="label_ABNAMROBank50Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ABNAMROBank50Member" xlink:type="resource" xml:lang="en-US">ABN AMRO Bank 50 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ABNAMROBank50Member" xlink:title="label: ABNAMROBank50Member to label_ABNAMROBank50Member" xlink:to="label_ABNAMROBank50Member" xlink:type="arc"/>
    <label id="label_ABNAMROBank50Member_2" xlink:label="label_ABNAMROBank50Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ABNAMROBank50Member" xlink:type="resource" xml:lang="en-US">ABN AMRO Bank N.V. ($50,000)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ABNAMROBank50Member" xlink:title="label: ABNAMROBank50Member to label_ABNAMROBank50Member" xlink:to="label_ABNAMROBank50Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_BNPParibas25Member" xlink:label="BNPParibas25Member" xlink:title="BNPParibas25Member" xlink:type="locator"/>
    <label id="label_BNPParibas25Member" xlink:label="label_BNPParibas25Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BNPParibas25Member" xlink:type="resource" xml:lang="en-US">BNP Paribas 25 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BNPParibas25Member" xlink:title="label: BNPParibas25Member to label_BNPParibas25Member" xlink:to="label_BNPParibas25Member" xlink:type="arc"/>
    <label id="label_BNPParibas25Member_2" xlink:label="label_BNPParibas25Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BNPParibas25Member" xlink:type="resource" xml:lang="en-US">BNP Paribas ($25,000)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BNPParibas25Member" xlink:title="label: BNPParibas25Member to label_BNPParibas25Member" xlink:to="label_BNPParibas25Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_BNPParibasMember" xlink:label="BNPParibasMember" xlink:title="BNPParibasMember" xlink:type="locator"/>
    <label id="label_BNPParibasMember" xlink:label="label_BNPParibasMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BNPParibasMember" xlink:type="resource" xml:lang="en-US">BNP Paribas [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BNPParibasMember" xlink:title="label: BNPParibasMember to label_BNPParibasMember" xlink:to="label_BNPParibasMember" xlink:type="arc"/>
    <label id="label_BNPParibasMember_2" xlink:label="label_BNPParibasMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BNPParibasMember" xlink:type="resource" xml:lang="en-US">BNP Paribas ($24,000)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BNPParibasMember" xlink:title="label: BNPParibasMember to label_BNPParibasMember" xlink:to="label_BNPParibasMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_HSH36MillionMember" xlink:label="HSH36MillionMember" xlink:title="HSH36MillionMember" xlink:type="locator"/>
    <label id="label_HSH36MillionMember" xlink:label="label_HSH36MillionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HSH36MillionMember" xlink:type="resource" xml:lang="en-US">HSH 36 Million [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HSH36MillionMember" xlink:title="label: HSH36MillionMember to label_HSH36MillionMember" xlink:to="label_HSH36MillionMember" xlink:type="arc"/>
    <label id="label_HSH36MillionMember_2" xlink:label="label_HSH36MillionMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HSH36MillionMember" xlink:type="resource" xml:lang="en-US">HSH ($36,000)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HSH36MillionMember" xlink:title="label: HSH36MillionMember to label_HSH36MillionMember" xlink:to="label_HSH36MillionMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SaleLeasebackTransactionDescriptionAxis" xlink:label="SaleLeasebackTransactionDescriptionAxis" xlink:title="SaleLeasebackTransactionDescriptionAxis" xlink:type="locator"/>
    <label id="label_SaleLeasebackTransactionDescriptionAxis" xlink:label="label_SaleLeasebackTransactionDescriptionAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SaleLeasebackTransactionDescriptionAxis" xlink:type="resource" xml:lang="en-US">Sale Leaseback Transaction, Description [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleLeasebackTransactionDescriptionAxis" xlink:title="label: SaleLeasebackTransactionDescriptionAxis to label_SaleLeasebackTransactionDescriptionAxis" xlink:to="label_SaleLeasebackTransactionDescriptionAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SaleLeasebackTransactionNameDomain" xlink:label="SaleLeasebackTransactionNameDomain" xlink:title="SaleLeasebackTransactionNameDomain" xlink:type="locator"/>
    <label id="label_SaleLeasebackTransactionNameDomain" xlink:label="label_SaleLeasebackTransactionNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SaleLeasebackTransactionNameDomain" xlink:type="resource" xml:lang="en-US">Sale Leaseback Transaction, Name [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleLeasebackTransactionNameDomain" xlink:title="label: SaleLeasebackTransactionNameDomain to label_SaleLeasebackTransactionNameDomain" xlink:to="label_SaleLeasebackTransactionNameDomain" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FinancialLiabilityMember" xlink:label="FinancialLiabilityMember" xlink:title="FinancialLiabilityMember" xlink:type="locator"/>
    <label id="label_FinancialLiabilityMember" xlink:label="label_FinancialLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialLiabilityMember" xlink:type="resource" xml:lang="en-US">Financial Liability [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilityMember" xlink:title="label: FinancialLiabilityMember to label_FinancialLiabilityMember" xlink:to="label_FinancialLiabilityMember" xlink:type="arc"/>
    <label id="label_FinancialLiabilityMember_2" xlink:label="label_FinancialLiabilityMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialLiabilityMember" xlink:type="resource" xml:lang="en-US">Financial liability</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilityMember" xlink:title="label: FinancialLiabilityMember to label_FinancialLiabilityMember" xlink:to="label_FinancialLiabilityMember_2" xlink:type="arc"/>
    <label id="label_FinancialLiabilityMember_3" xlink:label="label_FinancialLiabilityMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FinancialLiabilityMember" xlink:type="resource" xml:lang="en-US">Financial liability ($119,000)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilityMember" xlink:title="label: FinancialLiabilityMember to label_FinancialLiabilityMember" xlink:to="label_FinancialLiabilityMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CreditFacilityRiverEstuaryTankerMember" xlink:label="CreditFacilityRiverEstuaryTankerMember" xlink:title="CreditFacilityRiverEstuaryTankerMember" xlink:type="locator"/>
    <label id="label_CreditFacilityRiverEstuaryTankerMember" xlink:label="label_CreditFacilityRiverEstuaryTankerMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CreditFacilityRiverEstuaryTankerMember" xlink:type="resource" xml:lang="en-US">Credit Facility River Estuary Tanker [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CreditFacilityRiverEstuaryTankerMember" xlink:title="label: CreditFacilityRiverEstuaryTankerMember to label_CreditFacilityRiverEstuaryTankerMember" xlink:to="label_CreditFacilityRiverEstuaryTankerMember" xlink:type="arc"/>
    <label id="label_CreditFacilityRiverEstuaryTankerMember_2" xlink:label="label_CreditFacilityRiverEstuaryTankerMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CreditFacilityRiverEstuaryTankerMember" xlink:type="resource" xml:lang="en-US">Credit Agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CreditFacilityRiverEstuaryTankerMember" xlink:title="label: CreditFacilityRiverEstuaryTankerMember to label_CreditFacilityRiverEstuaryTankerMember" xlink:to="label_CreditFacilityRiverEstuaryTankerMember_2" xlink:type="arc"/>
    <label id="label_CreditFacilityRiverEstuaryTankerMember_3" xlink:label="label_CreditFacilityRiverEstuaryTankerMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CreditFacilityRiverEstuaryTankerMember" xlink:type="resource" xml:lang="en-US">Navios Logistics Credit agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CreditFacilityRiverEstuaryTankerMember" xlink:title="label: CreditFacilityRiverEstuaryTankerMember to label_CreditFacilityRiverEstuaryTankerMember" xlink:to="label_CreditFacilityRiverEstuaryTankerMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FinanceLeaseLiabilityFairValueDisclosure" xlink:label="FinanceLeaseLiabilityFairValueDisclosure" xlink:title="FinanceLeaseLiabilityFairValueDisclosure" xlink:type="locator"/>
    <label id="label_FinanceLeaseLiabilityFairValueDisclosure" xlink:label="label_FinanceLeaseLiabilityFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinanceLeaseLiabilityFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Fair value portion as of the balance sheet date of present value of lessee's discounted obligation for lease payments from finance lease.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeaseLiabilityFairValueDisclosure" xlink:title="label: FinanceLeaseLiabilityFairValueDisclosure to label_FinanceLeaseLiabilityFairValueDisclosure" xlink:to="label_FinanceLeaseLiabilityFairValueDisclosure" xlink:type="arc"/>
    <label id="label_FinanceLeaseLiabilityFairValueDisclosure_2" xlink:label="label_FinanceLeaseLiabilityFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinanceLeaseLiabilityFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Finance Lease Liability Fair Value Disclosure</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeaseLiabilityFairValueDisclosure" xlink:title="label: FinanceLeaseLiabilityFairValueDisclosure to label_FinanceLeaseLiabilityFairValueDisclosure" xlink:to="label_FinanceLeaseLiabilityFairValueDisclosure_2" xlink:type="arc"/>
    <label id="label_FinanceLeaseLiabilityFairValueDisclosure_3" xlink:label="label_FinanceLeaseLiabilityFairValueDisclosure_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinanceLeaseLiabilityFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Financial liability</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeaseLiabilityFairValueDisclosure" xlink:title="label: FinanceLeaseLiabilityFairValueDisclosure to label_FinanceLeaseLiabilityFairValueDisclosure" xlink:to="label_FinanceLeaseLiabilityFairValueDisclosure_3" xlink:type="arc"/>
    <label id="label_FinanceLeaseLiabilityFairValueDisclosure_4" xlink:label="label_FinanceLeaseLiabilityFairValueDisclosure_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FinanceLeaseLiabilityFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Outstanding balance under sale and leaseback transaction</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeaseLiabilityFairValueDisclosure" xlink:title="label: FinanceLeaseLiabilityFairValueDisclosure to label_FinanceLeaseLiabilityFairValueDisclosure" xlink:to="label_FinanceLeaseLiabilityFairValueDisclosure_4" xlink:type="arc"/>
    <label id="label_FinanceLeaseLiabilityFairValueDisclosure_5" xlink:label="label_FinanceLeaseLiabilityFairValueDisclosure_5" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_FinanceLeaseLiabilityFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Amount outstanding</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeaseLiabilityFairValueDisclosure" xlink:title="label: FinanceLeaseLiabilityFairValueDisclosure to label_FinanceLeaseLiabilityFairValueDisclosure" xlink:to="label_FinanceLeaseLiabilityFairValueDisclosure_5" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ABNAMROBank71Member" xlink:label="ABNAMROBank71Member" xlink:title="ABNAMROBank71Member" xlink:type="locator"/>
    <label id="label_ABNAMROBank71Member" xlink:label="label_ABNAMROBank71Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ABNAMROBank71Member" xlink:type="resource" xml:lang="en-US">ABN AMRO Bank 71 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ABNAMROBank71Member" xlink:title="label: ABNAMROBank71Member to label_ABNAMROBank71Member" xlink:to="label_ABNAMROBank71Member" xlink:type="arc"/>
    <label id="label_ABNAMROBank71Member_2" xlink:label="label_ABNAMROBank71Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ABNAMROBank71Member" xlink:type="resource" xml:lang="en-US">ABN AMRO Bank N.V. ($71,000)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ABNAMROBank71Member" xlink:title="label: ABNAMROBank71Member to label_ABNAMROBank71Member" xlink:to="label_ABNAMROBank71Member_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="DebtInstrumentAxis" xlink:title="DebtInstrumentAxis" xlink:type="locator"/>
    <label id="label_DebtInstrumentAxis" xlink:label="label_DebtInstrumentAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentAxis" xlink:type="resource" xml:lang="en-US">Debt Instrument [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentAxis" xlink:title="label: DebtInstrumentAxis to label_DebtInstrumentAxis" xlink:to="label_DebtInstrumentAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="DebtInstrumentNameDomain" xlink:title="DebtInstrumentNameDomain" xlink:type="locator"/>
    <label id="label_DebtInstrumentNameDomain" xlink:label="label_DebtInstrumentNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentNameDomain" xlink:type="resource" xml:lang="en-US">Debt Instrument Name [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentNameDomain" xlink:title="label: DebtInstrumentNameDomain to label_DebtInstrumentNameDomain" xlink:to="label_DebtInstrumentNameDomain" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_InitialFacilityMember" xlink:label="InitialFacilityMember" xlink:title="InitialFacilityMember" xlink:type="locator"/>
    <label id="label_InitialFacilityMember" xlink:label="label_InitialFacilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InitialFacilityMember" xlink:type="resource" xml:lang="en-US">Initial Facility [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InitialFacilityMember" xlink:title="label: InitialFacilityMember to label_InitialFacilityMember" xlink:to="label_InitialFacilityMember" xlink:type="arc"/>
    <label id="label_InitialFacilityMember_2" xlink:label="label_InitialFacilityMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InitialFacilityMember" xlink:type="resource" xml:lang="en-US">Initial Facility</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InitialFacilityMember" xlink:title="label: InitialFacilityMember to label_InitialFacilityMember" xlink:to="label_InitialFacilityMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FacilityExtensionMember" xlink:label="FacilityExtensionMember" xlink:title="FacilityExtensionMember" xlink:type="locator"/>
    <label id="label_FacilityExtensionMember" xlink:label="label_FacilityExtensionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FacilityExtensionMember" xlink:type="resource" xml:lang="en-US">Facility Extension [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FacilityExtensionMember" xlink:title="label: FacilityExtensionMember to label_FacilityExtensionMember" xlink:to="label_FacilityExtensionMember" xlink:type="arc"/>
    <label id="label_FacilityExtensionMember_2" xlink:label="label_FacilityExtensionMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FacilityExtensionMember" xlink:type="resource" xml:lang="en-US">Facility Extension</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FacilityExtensionMember" xlink:title="label: FacilityExtensionMember to label_FacilityExtensionMember" xlink:to="label_FacilityExtensionMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_HSHNordBankAGMember" xlink:label="HSHNordBankAGMember" xlink:title="HSHNordBankAGMember" xlink:type="locator"/>
    <label id="label_HSHNordBankAGMember" xlink:label="label_HSHNordBankAGMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HSHNordBankAGMember" xlink:type="resource" xml:lang="en-US">HSH NordBank AG [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HSHNordBankAGMember" xlink:title="label: HSHNordBankAGMember to label_HSHNordBankAGMember" xlink:to="label_HSHNordBankAGMember" xlink:type="arc"/>
    <label id="label_HSHNordBankAGMember_2" xlink:label="label_HSHNordBankAGMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HSHNordBankAGMember" xlink:type="resource" xml:lang="en-US">HSH facility agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HSHNordBankAGMember" xlink:title="label: HSHNordBankAGMember to label_HSHNordBankAGMember" xlink:to="label_HSHNordBankAGMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NumberOfVesselFinancedByDebtInstrument" xlink:label="NumberOfVesselFinancedByDebtInstrument" xlink:title="NumberOfVesselFinancedByDebtInstrument" xlink:type="locator"/>
    <label id="label_NumberOfVesselFinancedByDebtInstrument" xlink:label="label_NumberOfVesselFinancedByDebtInstrument" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfVesselFinancedByDebtInstrument" xlink:type="resource" xml:lang="en-US">Number Of Vessel Financed By Debt Instrument</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfVesselFinancedByDebtInstrument" xlink:title="label: NumberOfVesselFinancedByDebtInstrument to label_NumberOfVesselFinancedByDebtInstrument" xlink:to="label_NumberOfVesselFinancedByDebtInstrument" xlink:type="arc"/>
    <label id="label_NumberOfVesselFinancedByDebtInstrument_2" xlink:label="label_NumberOfVesselFinancedByDebtInstrument_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfVesselFinancedByDebtInstrument" xlink:type="resource" xml:lang="en-US">The number of vessels financed by the debt instrument.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfVesselFinancedByDebtInstrument" xlink:title="label: NumberOfVesselFinancedByDebtInstrument to label_NumberOfVesselFinancedByDebtInstrument" xlink:to="label_NumberOfVesselFinancedByDebtInstrument_2" xlink:type="arc"/>
    <label id="label_NumberOfVesselFinancedByDebtInstrument_3" xlink:label="label_NumberOfVesselFinancedByDebtInstrument_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfVesselFinancedByDebtInstrument" xlink:type="resource" xml:lang="en-US">Number of vessels financed</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfVesselFinancedByDebtInstrument" xlink:title="label: NumberOfVesselFinancedByDebtInstrument to label_NumberOfVesselFinancedByDebtInstrument" xlink:to="label_NumberOfVesselFinancedByDebtInstrument_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FirstFourInstallmentsMember" xlink:label="FirstFourInstallmentsMember" xlink:title="FirstFourInstallmentsMember" xlink:type="locator"/>
    <label id="label_FirstFourInstallmentsMember" xlink:label="label_FirstFourInstallmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FirstFourInstallmentsMember" xlink:type="resource" xml:lang="en-US">First Four Installments [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstFourInstallmentsMember" xlink:title="label: FirstFourInstallmentsMember to label_FirstFourInstallmentsMember" xlink:to="label_FirstFourInstallmentsMember" xlink:type="arc"/>
    <label id="label_FirstFourInstallmentsMember_2" xlink:label="label_FirstFourInstallmentsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FirstFourInstallmentsMember" xlink:type="resource" xml:lang="en-US">First Four Installments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstFourInstallmentsMember" xlink:title="label: FirstFourInstallmentsMember to label_FirstFourInstallmentsMember" xlink:to="label_FirstFourInstallmentsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FifthInstallmentMember" xlink:label="FifthInstallmentMember" xlink:title="FifthInstallmentMember" xlink:type="locator"/>
    <label id="label_FifthInstallmentMember" xlink:label="label_FifthInstallmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FifthInstallmentMember" xlink:type="resource" xml:lang="en-US">Fifth Installment [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FifthInstallmentMember" xlink:title="label: FifthInstallmentMember to label_FifthInstallmentMember" xlink:to="label_FifthInstallmentMember" xlink:type="arc"/>
    <label id="label_FifthInstallmentMember_2" xlink:label="label_FifthInstallmentMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FifthInstallmentMember" xlink:type="resource" xml:lang="en-US">Fifth Installment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FifthInstallmentMember" xlink:title="label: FifthInstallmentMember to label_FifthInstallmentMember" xlink:to="label_FifthInstallmentMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_Subsequent11InstallmentsMember" xlink:label="Subsequent11InstallmentsMember" xlink:title="Subsequent11InstallmentsMember" xlink:type="locator"/>
    <label id="label_Subsequent11InstallmentsMember" xlink:label="label_Subsequent11InstallmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Subsequent11InstallmentsMember" xlink:type="resource" xml:lang="en-US">Subsequent 11 Installments [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Subsequent11InstallmentsMember" xlink:title="label: Subsequent11InstallmentsMember to label_Subsequent11InstallmentsMember" xlink:to="label_Subsequent11InstallmentsMember" xlink:type="arc"/>
    <label id="label_Subsequent11InstallmentsMember_2" xlink:label="label_Subsequent11InstallmentsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Subsequent11InstallmentsMember" xlink:type="resource" xml:lang="en-US">Subsequent 11 Installments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Subsequent11InstallmentsMember" xlink:title="label: Subsequent11InstallmentsMember to label_Subsequent11InstallmentsMember" xlink:to="label_Subsequent11InstallmentsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FirstThreeTranchesMember" xlink:label="FirstThreeTranchesMember" xlink:title="FirstThreeTranchesMember" xlink:type="locator"/>
    <label id="label_FirstThreeTranchesMember" xlink:label="label_FirstThreeTranchesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FirstThreeTranchesMember" xlink:type="resource" xml:lang="en-US">First Three Tranches [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstThreeTranchesMember" xlink:title="label: FirstThreeTranchesMember to label_FirstThreeTranchesMember" xlink:to="label_FirstThreeTranchesMember" xlink:type="arc"/>
    <label id="label_FirstThreeTranchesMember_2" xlink:label="label_FirstThreeTranchesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FirstThreeTranchesMember" xlink:type="resource" xml:lang="en-US">First Three Tranches</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstThreeTranchesMember" xlink:title="label: FirstThreeTranchesMember to label_FirstThreeTranchesMember" xlink:to="label_FirstThreeTranchesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TrancheFourMember" xlink:label="TrancheFourMember" xlink:title="TrancheFourMember" xlink:type="locator"/>
    <label id="label_TrancheFourMember" xlink:label="label_TrancheFourMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TrancheFourMember" xlink:type="resource" xml:lang="en-US">Tranche Four [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheFourMember" xlink:title="label: TrancheFourMember to label_TrancheFourMember" xlink:to="label_TrancheFourMember" xlink:type="arc"/>
    <label id="label_TrancheFourMember_2" xlink:label="label_TrancheFourMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TrancheFourMember" xlink:type="resource" xml:lang="en-US">Fourth Tranche</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrancheFourMember" xlink:title="label: TrancheFourMember to label_TrancheFourMember" xlink:to="label_TrancheFourMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_VesselCapacity1" xlink:label="VesselCapacity1" xlink:title="VesselCapacity1" xlink:type="locator"/>
    <label id="label_VesselCapacity1" xlink:label="label_VesselCapacity1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VesselCapacity1" xlink:type="resource" xml:lang="en-US">Vessel Capacity 1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselCapacity1" xlink:title="label: VesselCapacity1 to label_VesselCapacity1" xlink:to="label_VesselCapacity1" xlink:type="arc"/>
    <label id="label_VesselCapacity1_2" xlink:label="label_VesselCapacity1_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VesselCapacity1" xlink:type="resource" xml:lang="en-US">The vessels' capacity in twenty-foot equivalent unit (TEU).</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselCapacity1" xlink:title="label: VesselCapacity1 to label_VesselCapacity1" xlink:to="label_VesselCapacity1_2" xlink:type="arc"/>
    <label id="label_VesselCapacity1_3" xlink:label="label_VesselCapacity1_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VesselCapacity1" xlink:type="resource" xml:lang="en-US">Vessel capacity in TEU</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselCapacity1" xlink:title="label: VesselCapacity1 to label_VesselCapacity1" xlink:to="label_VesselCapacity1_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:label="LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:title="LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:type="locator"/>
    <label id="label_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:label="label_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Unused Capacity, Commitment Fee Percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:title="label: LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage to label_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:to="label_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:type="arc"/>
    <label id="label_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_2" xlink:label="label_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:type="resource" xml:lang="en-US">Loan commitment fee per annum on the undrawn loan amount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:title="label: LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage to label_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:to="label_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EachTrancheMember" xlink:label="EachTrancheMember" xlink:title="EachTrancheMember" xlink:type="locator"/>
    <label id="label_EachTrancheMember" xlink:label="label_EachTrancheMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EachTrancheMember" xlink:type="resource" xml:lang="en-US">Each Tranche [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EachTrancheMember" xlink:title="label: EachTrancheMember to label_EachTrancheMember" xlink:to="label_EachTrancheMember" xlink:type="arc"/>
    <label id="label_EachTrancheMember_2" xlink:label="label_EachTrancheMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EachTrancheMember" xlink:type="resource" xml:lang="en-US">Each Tranche</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EachTrancheMember" xlink:title="label: EachTrancheMember to label_EachTrancheMember" xlink:to="label_EachTrancheMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FirstSixVesselsMember" xlink:label="FirstSixVesselsMember" xlink:title="FirstSixVesselsMember" xlink:type="locator"/>
    <label id="label_FirstSixVesselsMember" xlink:label="label_FirstSixVesselsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FirstSixVesselsMember" xlink:type="resource" xml:lang="en-US">First Six Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstSixVesselsMember" xlink:title="label: FirstSixVesselsMember to label_FirstSixVesselsMember" xlink:to="label_FirstSixVesselsMember" xlink:type="arc"/>
    <label id="label_FirstSixVesselsMember_2" xlink:label="label_FirstSixVesselsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FirstSixVesselsMember" xlink:type="resource" xml:lang="en-US">First Six Vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstSixVesselsMember" xlink:title="label: FirstSixVesselsMember to label_FirstSixVesselsMember" xlink:to="label_FirstSixVesselsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FourVesselsMember" xlink:label="FourVesselsMember" xlink:title="FourVesselsMember" xlink:type="locator"/>
    <label id="label_FourVesselsMember" xlink:label="label_FourVesselsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FourVesselsMember" xlink:type="resource" xml:lang="en-US">Four Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FourVesselsMember" xlink:title="label: FourVesselsMember to label_FourVesselsMember" xlink:to="label_FourVesselsMember" xlink:type="arc"/>
    <label id="label_FourVesselsMember_2" xlink:label="label_FourVesselsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FourVesselsMember" xlink:type="resource" xml:lang="en-US">Four Vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FourVesselsMember" xlink:title="label: FourVesselsMember to label_FourVesselsMember" xlink:to="label_FourVesselsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FourAdditionalVesselsMember" xlink:label="FourAdditionalVesselsMember" xlink:title="FourAdditionalVesselsMember" xlink:type="locator"/>
    <label id="label_FourAdditionalVesselsMember" xlink:label="label_FourAdditionalVesselsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FourAdditionalVesselsMember" xlink:type="resource" xml:lang="en-US">Four Additional Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FourAdditionalVesselsMember" xlink:title="label: FourAdditionalVesselsMember to label_FourAdditionalVesselsMember" xlink:to="label_FourAdditionalVesselsMember" xlink:type="arc"/>
    <label id="label_FourAdditionalVesselsMember_2" xlink:label="label_FourAdditionalVesselsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FourAdditionalVesselsMember" xlink:type="resource" xml:lang="en-US">Four Additional Vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FourAdditionalVesselsMember" xlink:title="label: FourAdditionalVesselsMember to label_FourAdditionalVesselsMember" xlink:to="label_FourAdditionalVesselsMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SaleLeasebackTransactionNetProceedsFinancingActivities" xlink:label="SaleLeasebackTransactionNetProceedsFinancingActivities" xlink:title="SaleLeasebackTransactionNetProceedsFinancingActivities" xlink:type="locator"/>
    <label id="label_SaleLeasebackTransactionNetProceedsFinancingActivities" xlink:label="label_SaleLeasebackTransactionNetProceedsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SaleLeasebackTransactionNetProceedsFinancingActivities" xlink:type="resource" xml:lang="en-US">Sale Leaseback Transaction, Net Proceeds, Financing Activities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleLeasebackTransactionNetProceedsFinancingActivities" xlink:title="label: SaleLeasebackTransactionNetProceedsFinancingActivities to label_SaleLeasebackTransactionNetProceedsFinancingActivities" xlink:to="label_SaleLeasebackTransactionNetProceedsFinancingActivities" xlink:type="arc"/>
    <label id="label_SaleLeasebackTransactionNetProceedsFinancingActivities_2" xlink:label="label_SaleLeasebackTransactionNetProceedsFinancingActivities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SaleLeasebackTransactionNetProceedsFinancingActivities" xlink:type="resource" xml:lang="en-US">Sale and leaseback transaction, net proceeds financing activities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleLeasebackTransactionNetProceedsFinancingActivities" xlink:title="label: SaleLeasebackTransactionNetProceedsFinancingActivities to label_SaleLeasebackTransactionNetProceedsFinancingActivities" xlink:to="label_SaleLeasebackTransactionNetProceedsFinancingActivities_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CapitalLeasedAssetsNumberOfUnits" xlink:label="CapitalLeasedAssetsNumberOfUnits" xlink:title="CapitalLeasedAssetsNumberOfUnits" xlink:type="locator"/>
    <label id="label_CapitalLeasedAssetsNumberOfUnits" xlink:label="label_CapitalLeasedAssetsNumberOfUnits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CapitalLeasedAssetsNumberOfUnits" xlink:type="resource" xml:lang="en-US">Capital Leased Assets, Number of Units</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalLeasedAssetsNumberOfUnits" xlink:title="label: CapitalLeasedAssetsNumberOfUnits to label_CapitalLeasedAssetsNumberOfUnits" xlink:to="label_CapitalLeasedAssetsNumberOfUnits" xlink:type="arc"/>
    <label id="label_CapitalLeasedAssetsNumberOfUnits_2" xlink:label="label_CapitalLeasedAssetsNumberOfUnits_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CapitalLeasedAssetsNumberOfUnits" xlink:type="resource" xml:lang="en-US">Number of containerships under sale and leaseback transaction</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalLeasedAssetsNumberOfUnits" xlink:title="label: CapitalLeasedAssetsNumberOfUnits to label_CapitalLeasedAssetsNumberOfUnits" xlink:to="label_CapitalLeasedAssetsNumberOfUnits_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FinanceLeaseLiabilityNumberOfRepaymentInstallment" xlink:label="FinanceLeaseLiabilityNumberOfRepaymentInstallment" xlink:title="FinanceLeaseLiabilityNumberOfRepaymentInstallment" xlink:type="locator"/>
    <label id="label_FinanceLeaseLiabilityNumberOfRepaymentInstallment" xlink:label="label_FinanceLeaseLiabilityNumberOfRepaymentInstallment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinanceLeaseLiabilityNumberOfRepaymentInstallment" xlink:type="resource" xml:lang="en-US">Finance Lease Liability Number Of Repayment Installment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeaseLiabilityNumberOfRepaymentInstallment" xlink:title="label: FinanceLeaseLiabilityNumberOfRepaymentInstallment to label_FinanceLeaseLiabilityNumberOfRepaymentInstallment" xlink:to="label_FinanceLeaseLiabilityNumberOfRepaymentInstallment" xlink:type="arc"/>
    <label id="label_FinanceLeaseLiabilityNumberOfRepaymentInstallment_2" xlink:label="label_FinanceLeaseLiabilityNumberOfRepaymentInstallment_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinanceLeaseLiabilityNumberOfRepaymentInstallment" xlink:type="resource" xml:lang="en-US">Number of repayment installments of the sale and leaseback transaction.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeaseLiabilityNumberOfRepaymentInstallment" xlink:title="label: FinanceLeaseLiabilityNumberOfRepaymentInstallment to label_FinanceLeaseLiabilityNumberOfRepaymentInstallment" xlink:to="label_FinanceLeaseLiabilityNumberOfRepaymentInstallment_2" xlink:type="arc"/>
    <label id="label_FinanceLeaseLiabilityNumberOfRepaymentInstallment_3" xlink:label="label_FinanceLeaseLiabilityNumberOfRepaymentInstallment_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinanceLeaseLiabilityNumberOfRepaymentInstallment" xlink:type="resource" xml:lang="en-US">Sale and leaseback transaction, number of repayment installments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeaseLiabilityNumberOfRepaymentInstallment" xlink:title="label: FinanceLeaseLiabilityNumberOfRepaymentInstallment to label_FinanceLeaseLiabilityNumberOfRepaymentInstallment" xlink:to="label_FinanceLeaseLiabilityNumberOfRepaymentInstallment_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SaleLeasebackTransactionFrequencyOfPeriodicPayment" xlink:label="SaleLeasebackTransactionFrequencyOfPeriodicPayment" xlink:title="SaleLeasebackTransactionFrequencyOfPeriodicPayment" xlink:type="locator"/>
    <label id="label_SaleLeasebackTransactionFrequencyOfPeriodicPayment" xlink:label="label_SaleLeasebackTransactionFrequencyOfPeriodicPayment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SaleLeasebackTransactionFrequencyOfPeriodicPayment" xlink:type="resource" xml:lang="en-US">Sale Leaseback Transaction Frequency Of Periodic Payment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleLeasebackTransactionFrequencyOfPeriodicPayment" xlink:title="label: SaleLeasebackTransactionFrequencyOfPeriodicPayment to label_SaleLeasebackTransactionFrequencyOfPeriodicPayment" xlink:to="label_SaleLeasebackTransactionFrequencyOfPeriodicPayment" xlink:type="arc"/>
    <label id="label_SaleLeasebackTransactionFrequencyOfPeriodicPayment_2" xlink:label="label_SaleLeasebackTransactionFrequencyOfPeriodicPayment_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SaleLeasebackTransactionFrequencyOfPeriodicPayment" xlink:type="resource" xml:lang="en-US">Description of the frequency of periodic payments.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleLeasebackTransactionFrequencyOfPeriodicPayment" xlink:title="label: SaleLeasebackTransactionFrequencyOfPeriodicPayment to label_SaleLeasebackTransactionFrequencyOfPeriodicPayment" xlink:to="label_SaleLeasebackTransactionFrequencyOfPeriodicPayment_2" xlink:type="arc"/>
    <label id="label_SaleLeasebackTransactionFrequencyOfPeriodicPayment_3" xlink:label="label_SaleLeasebackTransactionFrequencyOfPeriodicPayment_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SaleLeasebackTransactionFrequencyOfPeriodicPayment" xlink:type="resource" xml:lang="en-US">Sale and leaseback transaction, frequency of repayment installments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleLeasebackTransactionFrequencyOfPeriodicPayment" xlink:title="label: SaleLeasebackTransactionFrequencyOfPeriodicPayment to label_SaleLeasebackTransactionFrequencyOfPeriodicPayment" xlink:to="label_SaleLeasebackTransactionFrequencyOfPeriodicPayment_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SaleLeasebackTransactionMonthlyRentalPayments" xlink:label="SaleLeasebackTransactionMonthlyRentalPayments" xlink:title="SaleLeasebackTransactionMonthlyRentalPayments" xlink:type="locator"/>
    <label id="label_SaleLeasebackTransactionMonthlyRentalPayments" xlink:label="label_SaleLeasebackTransactionMonthlyRentalPayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SaleLeasebackTransactionMonthlyRentalPayments" xlink:type="resource" xml:lang="en-US">Sale Leaseback Transaction, Monthly Rental Payments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleLeasebackTransactionMonthlyRentalPayments" xlink:title="label: SaleLeasebackTransactionMonthlyRentalPayments to label_SaleLeasebackTransactionMonthlyRentalPayments" xlink:to="label_SaleLeasebackTransactionMonthlyRentalPayments" xlink:type="arc"/>
    <label id="label_SaleLeasebackTransactionMonthlyRentalPayments_2" xlink:label="label_SaleLeasebackTransactionMonthlyRentalPayments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SaleLeasebackTransactionMonthlyRentalPayments" xlink:type="resource" xml:lang="en-US">Sale and leaseback transaction, monthly rental payments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleLeasebackTransactionMonthlyRentalPayments" xlink:title="label: SaleLeasebackTransactionMonthlyRentalPayments to label_SaleLeasebackTransactionMonthlyRentalPayments" xlink:to="label_SaleLeasebackTransactionMonthlyRentalPayments_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NumberOfVesselPartialFinancedByDebtInstrument" xlink:label="NumberOfVesselPartialFinancedByDebtInstrument" xlink:title="NumberOfVesselPartialFinancedByDebtInstrument" xlink:type="locator"/>
    <label id="label_NumberOfVesselPartialFinancedByDebtInstrument" xlink:label="label_NumberOfVesselPartialFinancedByDebtInstrument" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfVesselPartialFinancedByDebtInstrument" xlink:type="resource" xml:lang="en-US">Number Of Vessel Partial Financed By Debt Instrument</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfVesselPartialFinancedByDebtInstrument" xlink:title="label: NumberOfVesselPartialFinancedByDebtInstrument to label_NumberOfVesselPartialFinancedByDebtInstrument" xlink:to="label_NumberOfVesselPartialFinancedByDebtInstrument" xlink:type="arc"/>
    <label id="label_NumberOfVesselPartialFinancedByDebtInstrument_2" xlink:label="label_NumberOfVesselPartialFinancedByDebtInstrument_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfVesselPartialFinancedByDebtInstrument" xlink:type="resource" xml:lang="en-US">The number of vessels partially financed by the debt instrument.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfVesselPartialFinancedByDebtInstrument" xlink:title="label: NumberOfVesselPartialFinancedByDebtInstrument to label_NumberOfVesselPartialFinancedByDebtInstrument" xlink:to="label_NumberOfVesselPartialFinancedByDebtInstrument_2" xlink:type="arc"/>
    <label id="label_NumberOfVesselPartialFinancedByDebtInstrument_3" xlink:label="label_NumberOfVesselPartialFinancedByDebtInstrument_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfVesselPartialFinancedByDebtInstrument" xlink:type="resource" xml:lang="en-US">Number of vessels partially financed</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfVesselPartialFinancedByDebtInstrument" xlink:title="label: NumberOfVesselPartialFinancedByDebtInstrument to label_NumberOfVesselPartialFinancedByDebtInstrument" xlink:to="label_NumberOfVesselPartialFinancedByDebtInstrument_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeFinanceLeaseTermOfContract1" xlink:label="LesseeFinanceLeaseTermOfContract1" xlink:title="LesseeFinanceLeaseTermOfContract1" xlink:type="locator"/>
    <label id="label_LesseeFinanceLeaseTermOfContract1" xlink:label="label_LesseeFinanceLeaseTermOfContract1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LesseeFinanceLeaseTermOfContract1" xlink:type="resource" xml:lang="en-US">Lessee, Finance Lease, Term of Contract</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeFinanceLeaseTermOfContract1" xlink:title="label: LesseeFinanceLeaseTermOfContract1 to label_LesseeFinanceLeaseTermOfContract1" xlink:to="label_LesseeFinanceLeaseTermOfContract1" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_BulkCarrierVessel2Member" xlink:label="BulkCarrierVessel2Member" xlink:title="BulkCarrierVessel2Member" xlink:type="locator"/>
    <label id="label_BulkCarrierVessel2Member" xlink:label="label_BulkCarrierVessel2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BulkCarrierVessel2Member" xlink:type="resource" xml:lang="en-US">Bulk Carrier Vessel 2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BulkCarrierVessel2Member" xlink:title="label: BulkCarrierVessel2Member to label_BulkCarrierVessel2Member" xlink:to="label_BulkCarrierVessel2Member" xlink:type="arc"/>
    <label id="label_BulkCarrierVessel2Member_2" xlink:label="label_BulkCarrierVessel2Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BulkCarrierVessel2Member" xlink:type="resource" xml:lang="en-US">Two newbuilding bulk carriers</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BulkCarrierVessel2Member" xlink:title="label: BulkCarrierVessel2Member to label_BulkCarrierVessel2Member" xlink:to="label_BulkCarrierVessel2Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_BulkCarrierVessel3Member" xlink:label="BulkCarrierVessel3Member" xlink:title="BulkCarrierVessel3Member" xlink:type="locator"/>
    <label id="label_BulkCarrierVessel3Member" xlink:label="label_BulkCarrierVessel3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BulkCarrierVessel3Member" xlink:type="resource" xml:lang="en-US">Bulk Carrier Vessel 3 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BulkCarrierVessel3Member" xlink:title="label: BulkCarrierVessel3Member to label_BulkCarrierVessel3Member" xlink:to="label_BulkCarrierVessel3Member" xlink:type="arc"/>
    <label id="label_BulkCarrierVessel3Member_2" xlink:label="label_BulkCarrierVessel3Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BulkCarrierVessel3Member" xlink:type="resource" xml:lang="en-US">One newbuilding bulk carrier</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BulkCarrierVessel3Member" xlink:title="label: BulkCarrierVessel3Member to label_BulkCarrierVessel3Member" xlink:to="label_BulkCarrierVessel3Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_BulkCarrierVessel4Member" xlink:label="BulkCarrierVessel4Member" xlink:title="BulkCarrierVessel4Member" xlink:type="locator"/>
    <label id="label_BulkCarrierVessel4Member" xlink:label="label_BulkCarrierVessel4Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BulkCarrierVessel4Member" xlink:type="resource" xml:lang="en-US">Bulk Carrier Vessel 4 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BulkCarrierVessel4Member" xlink:title="label: BulkCarrierVessel4Member to label_BulkCarrierVessel4Member" xlink:to="label_BulkCarrierVessel4Member" xlink:type="arc"/>
    <label id="label_BulkCarrierVessel4Member_2" xlink:label="label_BulkCarrierVessel4Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BulkCarrierVessel4Member" xlink:type="resource" xml:lang="en-US">One newbuilding bulk carrier</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BulkCarrierVessel4Member" xlink:title="label: BulkCarrierVessel4Member to label_BulkCarrierVessel4Member" xlink:to="label_BulkCarrierVessel4Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CharterInAgreementDateOfAgreement" xlink:label="CharterInAgreementDateOfAgreement" xlink:title="CharterInAgreementDateOfAgreement" xlink:type="locator"/>
    <label id="label_CharterInAgreementDateOfAgreement" xlink:label="label_CharterInAgreementDateOfAgreement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CharterInAgreementDateOfAgreement" xlink:type="resource" xml:lang="en-US">Charter In Agreement Date Of Agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharterInAgreementDateOfAgreement" xlink:title="label: CharterInAgreementDateOfAgreement to label_CharterInAgreementDateOfAgreement" xlink:to="label_CharterInAgreementDateOfAgreement" xlink:type="arc"/>
    <label id="label_CharterInAgreementDateOfAgreement_2" xlink:label="label_CharterInAgreementDateOfAgreement_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CharterInAgreementDateOfAgreement" xlink:type="resource" xml:lang="en-US">Date the charter-in agreement was agreed.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharterInAgreementDateOfAgreement" xlink:title="label: CharterInAgreementDateOfAgreement to label_CharterInAgreementDateOfAgreement" xlink:to="label_CharterInAgreementDateOfAgreement_2" xlink:type="arc"/>
    <label id="label_CharterInAgreementDateOfAgreement_3" xlink:label="label_CharterInAgreementDateOfAgreement_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CharterInAgreementDateOfAgreement" xlink:type="resource" xml:lang="en-US">Date of charter-in agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharterInAgreementDateOfAgreement" xlink:title="label: CharterInAgreementDateOfAgreement to label_CharterInAgreementDateOfAgreement" xlink:to="label_CharterInAgreementDateOfAgreement_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseTermOfContract" xlink:label="LesseeOperatingLeaseTermOfContract" xlink:title="LesseeOperatingLeaseTermOfContract" xlink:type="locator"/>
    <label id="label_LesseeOperatingLeaseTermOfContract" xlink:label="label_LesseeOperatingLeaseTermOfContract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LesseeOperatingLeaseTermOfContract" xlink:type="resource" xml:lang="en-US">Duration of bareboat contract</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseTermOfContract" xlink:title="label: LesseeOperatingLeaseTermOfContract to label_LesseeOperatingLeaseTermOfContract" xlink:to="label_LesseeOperatingLeaseTermOfContract" xlink:type="arc"/>
    <label id="label_LesseeOperatingLeaseTermOfContract_2" xlink:label="label_LesseeOperatingLeaseTermOfContract_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LesseeOperatingLeaseTermOfContract" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Term of Contract</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseTermOfContract" xlink:title="label: LesseeOperatingLeaseTermOfContract to label_LesseeOperatingLeaseTermOfContract" xlink:to="label_LesseeOperatingLeaseTermOfContract_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ContainerVesselUpTo5500TEUMember" xlink:label="ContainerVesselUpTo5500TEUMember" xlink:title="ContainerVesselUpTo5500TEUMember" xlink:type="locator"/>
    <label id="label_ContainerVesselUpTo5500TEUMember" xlink:label="label_ContainerVesselUpTo5500TEUMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContainerVesselUpTo5500TEUMember" xlink:type="resource" xml:lang="en-US">Container Vessel Up To 5500 TEU [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselUpTo5500TEUMember" xlink:title="label: ContainerVesselUpTo5500TEUMember to label_ContainerVesselUpTo5500TEUMember" xlink:to="label_ContainerVesselUpTo5500TEUMember" xlink:type="arc"/>
    <label id="label_ContainerVesselUpTo5500TEUMember_2" xlink:label="label_ContainerVesselUpTo5500TEUMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContainerVesselUpTo5500TEUMember" xlink:type="resource" xml:lang="en-US">Container vessel up to 5,500 TEU</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselUpTo5500TEUMember" xlink:title="label: ContainerVesselUpTo5500TEUMember to label_ContainerVesselUpTo5500TEUMember" xlink:to="label_ContainerVesselUpTo5500TEUMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ContainerVesselAbove5500AndUpTo8000TEUMember" xlink:label="ContainerVesselAbove5500AndUpTo8000TEUMember" xlink:title="ContainerVesselAbove5500AndUpTo8000TEUMember" xlink:type="locator"/>
    <label id="label_ContainerVesselAbove5500AndUpTo8000TEUMember" xlink:label="label_ContainerVesselAbove5500AndUpTo8000TEUMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContainerVesselAbove5500AndUpTo8000TEUMember" xlink:type="resource" xml:lang="en-US">Container Vessel Above 5500 And Up To 8000 TEU [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselAbove5500AndUpTo8000TEUMember" xlink:title="label: ContainerVesselAbove5500AndUpTo8000TEUMember to label_ContainerVesselAbove5500AndUpTo8000TEUMember" xlink:to="label_ContainerVesselAbove5500AndUpTo8000TEUMember" xlink:type="arc"/>
    <label id="label_ContainerVesselAbove5500AndUpTo8000TEUMember_2" xlink:label="label_ContainerVesselAbove5500AndUpTo8000TEUMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContainerVesselAbove5500AndUpTo8000TEUMember" xlink:type="resource" xml:lang="en-US">Container vessel above 5,500 TEU and up to 8,000 TEU</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselAbove5500AndUpTo8000TEUMember" xlink:title="label: ContainerVesselAbove5500AndUpTo8000TEUMember to label_ContainerVesselAbove5500AndUpTo8000TEUMember" xlink:to="label_ContainerVesselAbove5500AndUpTo8000TEUMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ContainerVesselAbove8000AndUpTo10000TEUMember" xlink:label="ContainerVesselAbove8000AndUpTo10000TEUMember" xlink:title="ContainerVesselAbove8000AndUpTo10000TEUMember" xlink:type="locator"/>
    <label id="label_ContainerVesselAbove8000AndUpTo10000TEUMember" xlink:label="label_ContainerVesselAbove8000AndUpTo10000TEUMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContainerVesselAbove8000AndUpTo10000TEUMember" xlink:type="resource" xml:lang="en-US">Container Vessel Above 8000 And Up To 10000 TEU [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselAbove8000AndUpTo10000TEUMember" xlink:title="label: ContainerVesselAbove8000AndUpTo10000TEUMember to label_ContainerVesselAbove8000AndUpTo10000TEUMember" xlink:to="label_ContainerVesselAbove8000AndUpTo10000TEUMember" xlink:type="arc"/>
    <label id="label_ContainerVesselAbove8000AndUpTo10000TEUMember_2" xlink:label="label_ContainerVesselAbove8000AndUpTo10000TEUMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContainerVesselAbove8000AndUpTo10000TEUMember" xlink:type="resource" xml:lang="en-US">Container vessel above 8,000 TEU and up to 10,000 TEU</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselAbove8000AndUpTo10000TEUMember" xlink:title="label: ContainerVesselAbove8000AndUpTo10000TEUMember to label_ContainerVesselAbove8000AndUpTo10000TEUMember" xlink:to="label_ContainerVesselAbove8000AndUpTo10000TEUMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_IssuedIn2016Member" xlink:label="IssuedIn2016Member" xlink:title="IssuedIn2016Member" xlink:type="locator"/>
    <label id="label_IssuedIn2016Member" xlink:label="label_IssuedIn2016Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IssuedIn2016Member" xlink:type="resource" xml:lang="en-US">Issued In 2016 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedIn2016Member" xlink:title="label: IssuedIn2016Member to label_IssuedIn2016Member" xlink:to="label_IssuedIn2016Member" xlink:type="arc"/>
    <label id="label_IssuedIn2016Member_2" xlink:label="label_IssuedIn2016Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IssuedIn2016Member" xlink:type="resource" xml:lang="en-US">Issued in 2016</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedIn2016Member" xlink:title="label: IssuedIn2016Member to label_IssuedIn2016Member" xlink:to="label_IssuedIn2016Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_IssuedIn2017Member" xlink:label="IssuedIn2017Member" xlink:title="IssuedIn2017Member" xlink:type="locator"/>
    <label id="label_IssuedIn2017Member" xlink:label="label_IssuedIn2017Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IssuedIn2017Member" xlink:type="resource" xml:lang="en-US">Issued In 2017 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedIn2017Member" xlink:title="label: IssuedIn2017Member to label_IssuedIn2017Member" xlink:to="label_IssuedIn2017Member" xlink:type="arc"/>
    <label id="label_IssuedIn2017Member_2" xlink:label="label_IssuedIn2017Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IssuedIn2017Member" xlink:type="resource" xml:lang="en-US">Issued in 2017</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedIn2017Member" xlink:title="label: IssuedIn2017Member to label_IssuedIn2017Member" xlink:to="label_IssuedIn2017Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_Containers1BusinessMember" xlink:label="Containers1BusinessMember" xlink:title="Containers1BusinessMember" xlink:type="locator"/>
    <label id="label_Containers1BusinessMember" xlink:label="label_Containers1BusinessMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Containers1BusinessMember" xlink:type="resource" xml:lang="en-US">Containers 1 Business [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Containers1BusinessMember" xlink:title="label: Containers1BusinessMember to label_Containers1BusinessMember" xlink:to="label_Containers1BusinessMember" xlink:type="arc"/>
    <label id="label_Containers1BusinessMember_2" xlink:label="label_Containers1BusinessMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Containers1BusinessMember" xlink:type="resource" xml:lang="en-US">Containers Business</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Containers1BusinessMember" xlink:title="label: Containers1BusinessMember to label_Containers1BusinessMember" xlink:to="label_Containers1BusinessMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosMeridianMember" xlink:label="NaviosMeridianMember" xlink:title="NaviosMeridianMember" xlink:type="locator"/>
    <label id="label_NaviosMeridianMember" xlink:label="label_NaviosMeridianMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosMeridianMember" xlink:type="resource" xml:lang="en-US">Navios Meridian [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMeridianMember" xlink:title="label: NaviosMeridianMember to label_NaviosMeridianMember" xlink:to="label_NaviosMeridianMember" xlink:type="arc"/>
    <label id="label_NaviosMeridianMember_2" xlink:label="label_NaviosMeridianMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosMeridianMember" xlink:type="resource" xml:lang="en-US">Navios Meridian</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMeridianMember" xlink:title="label: NaviosMeridianMember to label_NaviosMeridianMember" xlink:to="label_NaviosMeridianMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TransfersFromDepositsForPropertyPlantEquipment" xlink:label="TransfersFromDepositsForPropertyPlantEquipment" xlink:title="TransfersFromDepositsForPropertyPlantEquipment" xlink:type="locator"/>
    <label id="label_TransfersFromDepositsForPropertyPlantEquipment" xlink:label="label_TransfersFromDepositsForPropertyPlantEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TransfersFromDepositsForPropertyPlantEquipment" xlink:type="resource" xml:lang="en-US">Transfers From Deposits For Property Plant Equipment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransfersFromDepositsForPropertyPlantEquipment" xlink:title="label: TransfersFromDepositsForPropertyPlantEquipment to label_TransfersFromDepositsForPropertyPlantEquipment" xlink:to="label_TransfersFromDepositsForPropertyPlantEquipment" xlink:type="arc"/>
    <label id="label_TransfersFromDepositsForPropertyPlantEquipment_2" xlink:label="label_TransfersFromDepositsForPropertyPlantEquipment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TransfersFromDepositsForPropertyPlantEquipment" xlink:type="resource" xml:lang="en-US">Transfers from deposits for vessels, port terminals and other fixed assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransfersFromDepositsForPropertyPlantEquipment" xlink:title="label: TransfersFromDepositsForPropertyPlantEquipment to label_TransfersFromDepositsForPropertyPlantEquipment" xlink:to="label_TransfersFromDepositsForPropertyPlantEquipment_2" xlink:type="arc"/>
    <label id="label_TransfersFromDepositsForPropertyPlantEquipment_3" xlink:label="label_TransfersFromDepositsForPropertyPlantEquipment_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TransfersFromDepositsForPropertyPlantEquipment" xlink:type="resource" xml:lang="en-US">Amount of increase (decrease) of physical assets used in the normal conduct of business. Examples include deposits for vessels, port terminals and other fixed assets.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransfersFromDepositsForPropertyPlantEquipment" xlink:title="label: TransfersFromDepositsForPropertyPlantEquipment to label_TransfersFromDepositsForPropertyPlantEquipment" xlink:to="label_TransfersFromDepositsForPropertyPlantEquipment_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_VesselDisposals" xlink:label="VesselDisposals" xlink:title="VesselDisposals" xlink:type="locator"/>
    <label id="label_VesselDisposals" xlink:label="label_VesselDisposals" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VesselDisposals" xlink:type="resource" xml:lang="en-US">Vessel Disposals</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselDisposals" xlink:title="label: VesselDisposals to label_VesselDisposals" xlink:to="label_VesselDisposals" xlink:type="arc"/>
    <label id="label_VesselDisposals_2" xlink:label="label_VesselDisposals_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_VesselDisposals" xlink:type="resource" xml:lang="en-US">Disposals</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselDisposals" xlink:title="label: VesselDisposals to label_VesselDisposals" xlink:to="label_VesselDisposals_2" xlink:type="arc"/>
    <label id="label_VesselDisposals_3" xlink:label="label_VesselDisposals_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VesselDisposals" xlink:type="resource" xml:lang="en-US">Amount of divestiture of vessels used in the normal conduct of business and not intended for resale.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselDisposals" xlink:title="label: VesselDisposals to label_VesselDisposals" xlink:to="label_VesselDisposals_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PreferredStockDividendsPerShareCashPaid" xlink:label="PreferredStockDividendsPerShareCashPaid" xlink:title="PreferredStockDividendsPerShareCashPaid" xlink:type="locator"/>
    <label id="label_PreferredStockDividendsPerShareCashPaid" xlink:label="label_PreferredStockDividendsPerShareCashPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockDividendsPerShareCashPaid" xlink:type="resource" xml:lang="en-US">Preferred Stock, Dividends, Per Share, Cash Paid</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockDividendsPerShareCashPaid" xlink:title="label: PreferredStockDividendsPerShareCashPaid to label_PreferredStockDividendsPerShareCashPaid" xlink:to="label_PreferredStockDividendsPerShareCashPaid" xlink:type="arc"/>
    <label id="label_PreferredStockDividendsPerShareCashPaid_2" xlink:label="label_PreferredStockDividendsPerShareCashPaid_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockDividendsPerShareCashPaid" xlink:type="resource" xml:lang="en-US">Dividends paid to preferred stockholders, per share</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockDividendsPerShareCashPaid" xlink:title="label: PreferredStockDividendsPerShareCashPaid to label_PreferredStockDividendsPerShareCashPaid" xlink:to="label_PreferredStockDividendsPerShareCashPaid_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ContainershipsAcquisition" xlink:label="ContainershipsAcquisition" xlink:title="ContainershipsAcquisition" xlink:type="locator"/>
    <label id="label_ContainershipsAcquisition" xlink:label="label_ContainershipsAcquisition" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContainershipsAcquisition" xlink:type="resource" xml:lang="en-US">Containerships Acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainershipsAcquisition" xlink:title="label: ContainershipsAcquisition to label_ContainershipsAcquisition" xlink:to="label_ContainershipsAcquisition" xlink:type="arc"/>
    <label id="label_ContainershipsAcquisition_2" xlink:label="label_ContainershipsAcquisition_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContainershipsAcquisition" xlink:type="resource" xml:lang="en-US">Containerships acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainershipsAcquisition" xlink:title="label: ContainershipsAcquisition to label_ContainershipsAcquisition" xlink:to="label_ContainershipsAcquisition_2" xlink:type="arc"/>
    <label id="label_ContainershipsAcquisition_3" xlink:label="label_ContainershipsAcquisition_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ContainershipsAcquisition" xlink:type="resource" xml:lang="en-US">Amount of acquisition of Containership vessels used in the normal conduct of business and not intended for resale.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainershipsAcquisition" xlink:title="label: ContainershipsAcquisition to label_ContainershipsAcquisition" xlink:to="label_ContainershipsAcquisition_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ContainershipsAcquisitionAccumulatedDepreciation" xlink:label="ContainershipsAcquisitionAccumulatedDepreciation" xlink:title="ContainershipsAcquisitionAccumulatedDepreciation" xlink:type="locator"/>
    <label id="label_ContainershipsAcquisitionAccumulatedDepreciation" xlink:label="label_ContainershipsAcquisitionAccumulatedDepreciation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContainershipsAcquisitionAccumulatedDepreciation" xlink:type="resource" xml:lang="en-US">Containerships Acquisition Accumulated Depreciation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainershipsAcquisitionAccumulatedDepreciation" xlink:title="label: ContainershipsAcquisitionAccumulatedDepreciation to label_ContainershipsAcquisitionAccumulatedDepreciation" xlink:to="label_ContainershipsAcquisitionAccumulatedDepreciation" xlink:type="arc"/>
    <label id="label_ContainershipsAcquisitionAccumulatedDepreciation_2" xlink:label="label_ContainershipsAcquisitionAccumulatedDepreciation_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContainershipsAcquisitionAccumulatedDepreciation" xlink:type="resource" xml:lang="en-US">Containerships acquisition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainershipsAcquisitionAccumulatedDepreciation" xlink:title="label: ContainershipsAcquisitionAccumulatedDepreciation to label_ContainershipsAcquisitionAccumulatedDepreciation" xlink:to="label_ContainershipsAcquisitionAccumulatedDepreciation_2" xlink:type="arc"/>
    <label id="label_ContainershipsAcquisitionAccumulatedDepreciation_3" xlink:label="label_ContainershipsAcquisitionAccumulatedDepreciation_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ContainershipsAcquisitionAccumulatedDepreciation" xlink:type="resource" xml:lang="en-US">The amount of expense recognized in the current period that reflects the allocation of the cost of Containership vessels over the vessels' useful lives. Includes production and non-production related depreciation.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainershipsAcquisitionAccumulatedDepreciation" xlink:title="label: ContainershipsAcquisitionAccumulatedDepreciation to label_ContainershipsAcquisitionAccumulatedDepreciation" xlink:to="label_ContainershipsAcquisitionAccumulatedDepreciation_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DividendsPreferredStockUndeclaredCancelled" xlink:label="DividendsPreferredStockUndeclaredCancelled" xlink:title="DividendsPreferredStockUndeclaredCancelled" xlink:type="locator"/>
    <label id="label_DividendsPreferredStockUndeclaredCancelled" xlink:label="label_DividendsPreferredStockUndeclaredCancelled" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPreferredStockUndeclaredCancelled" xlink:type="resource" xml:lang="en-US">Dividends Preferred Stock Undeclared Cancelled</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPreferredStockUndeclaredCancelled" xlink:title="label: DividendsPreferredStockUndeclaredCancelled to label_DividendsPreferredStockUndeclaredCancelled" xlink:to="label_DividendsPreferredStockUndeclaredCancelled" xlink:type="arc"/>
    <label id="label_DividendsPreferredStockUndeclaredCancelled_2" xlink:label="label_DividendsPreferredStockUndeclaredCancelled_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendsPreferredStockUndeclaredCancelled" xlink:type="resource" xml:lang="en-US">Amount of undeclared and cancelled preferred stock dividends.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPreferredStockUndeclaredCancelled" xlink:title="label: DividendsPreferredStockUndeclaredCancelled to label_DividendsPreferredStockUndeclaredCancelled" xlink:to="label_DividendsPreferredStockUndeclaredCancelled_2" xlink:type="arc"/>
    <label id="label_DividendsPreferredStockUndeclaredCancelled_3" xlink:label="label_DividendsPreferredStockUndeclaredCancelled_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsPreferredStockUndeclaredCancelled" xlink:type="resource" xml:lang="en-US">Undeclared preferred dividend cancelled</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPreferredStockUndeclaredCancelled" xlink:title="label: DividendsPreferredStockUndeclaredCancelled to label_DividendsPreferredStockUndeclaredCancelled" xlink:to="label_DividendsPreferredStockUndeclaredCancelled_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PercentageOfUnitsAvailableForDistributions" xlink:label="PercentageOfUnitsAvailableForDistributions" xlink:title="PercentageOfUnitsAvailableForDistributions" xlink:type="locator"/>
    <label id="label_PercentageOfUnitsAvailableForDistributions" xlink:label="label_PercentageOfUnitsAvailableForDistributions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageOfUnitsAvailableForDistributions" xlink:type="resource" xml:lang="en-US">Percentage Of Units Available For Distributions</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfUnitsAvailableForDistributions" xlink:title="label: PercentageOfUnitsAvailableForDistributions to label_PercentageOfUnitsAvailableForDistributions" xlink:to="label_PercentageOfUnitsAvailableForDistributions" xlink:type="arc"/>
    <label id="label_PercentageOfUnitsAvailableForDistributions_2" xlink:label="label_PercentageOfUnitsAvailableForDistributions_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentageOfUnitsAvailableForDistributions" xlink:type="resource" xml:lang="en-US">Percentage of partners' capital distributed to members or limited partners of the limited liability company (LLC) or limited partnership (LP).</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfUnitsAvailableForDistributions" xlink:title="label: PercentageOfUnitsAvailableForDistributions to label_PercentageOfUnitsAvailableForDistributions" xlink:to="label_PercentageOfUnitsAvailableForDistributions_2" xlink:type="arc"/>
    <label id="label_PercentageOfUnitsAvailableForDistributions_3" xlink:label="label_PercentageOfUnitsAvailableForDistributions_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfUnitsAvailableForDistributions" xlink:type="resource" xml:lang="en-US">Percentage of partners' capital</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfUnitsAvailableForDistributions" xlink:title="label: PercentageOfUnitsAvailableForDistributions to label_PercentageOfUnitsAvailableForDistributions" xlink:to="label_PercentageOfUnitsAvailableForDistributions_3" xlink:type="arc"/>
    <loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:label="EntityEmergingGrowthCompany" xlink:title="EntityEmergingGrowthCompany" xlink:type="locator"/>
    <label id="label_EntityEmergingGrowthCompany" xlink:label="label_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityEmergingGrowthCompany" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityEmergingGrowthCompany" xlink:title="label: EntityEmergingGrowthCompany to label_EntityEmergingGrowthCompany" xlink:to="label_EntityEmergingGrowthCompany" xlink:type="arc"/>
    <loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityShellCompany" xlink:label="EntityShellCompany" xlink:title="EntityShellCompany" xlink:type="locator"/>
    <label id="label_EntityShellCompany" xlink:label="label_EntityShellCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityShellCompany" xlink:type="resource" xml:lang="en-US">Entity Shell Company</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityShellCompany" xlink:title="label: EntityShellCompany to label_EntityShellCompany" xlink:to="label_EntityShellCompany" xlink:type="arc"/>
    <loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityExTransitionPeriod" xlink:label="EntityExTransitionPeriod" xlink:title="EntityExTransitionPeriod" xlink:type="locator"/>
    <label id="label_EntityExTransitionPeriod" xlink:label="label_EntityExTransitionPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityExTransitionPeriod" xlink:type="resource" xml:lang="en-US">Entity Ex Transition Period</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityExTransitionPeriod" xlink:title="label: EntityExTransitionPeriod to label_EntityExTransitionPeriod" xlink:to="label_EntityExTransitionPeriod" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue" xlink:label="BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue" xlink:title="BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue" xlink:type="locator"/>
    <label id="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue" xlink:label="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue" xlink:type="resource" xml:lang="en-US">Business Combination Step Acquisition Equity Interest In Acquiree Including Noncontrolling Interest Fair Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue" xlink:title="label: BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue to label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue" xlink:to="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue" xlink:type="arc"/>
    <label id="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue_2" xlink:label="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue" xlink:type="resource" xml:lang="en-US">This element represents the fair value of the acquiree at the acquisition date, including noncontrolling interest.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue" xlink:title="label: BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue to label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue" xlink:to="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue_2" xlink:type="arc"/>
    <label id="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue_3" xlink:label="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue" xlink:type="resource" xml:lang="en-US">Total fair value of Navios Containers&#x2019; outstanding shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue" xlink:title="label: BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue to label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue" xlink:to="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue_3" xlink:type="arc"/>
    <label id="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue_4" xlink:label="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue" xlink:type="resource" xml:lang="en-US">Fair value of Navios Containers&#x2019; outstanding shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue" xlink:title="label: BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue to label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue" xlink:to="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeIncludingNoncontrollingInterestFairValue_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_GainOnObtainingControl" xlink:label="GainOnObtainingControl" xlink:title="GainOnObtainingControl" xlink:type="locator"/>
    <label id="label_GainOnObtainingControl" xlink:label="label_GainOnObtainingControl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainOnObtainingControl" xlink:type="resource" xml:lang="en-US">Gain On Obtaining Control</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainOnObtainingControl" xlink:title="label: GainOnObtainingControl to label_GainOnObtainingControl" xlink:to="label_GainOnObtainingControl" xlink:type="arc"/>
    <label id="label_GainOnObtainingControl_2" xlink:label="label_GainOnObtainingControl_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GainOnObtainingControl" xlink:type="resource" xml:lang="en-US">The amount recognized in a business combination representing the gain on obtaining control.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainOnObtainingControl" xlink:title="label: GainOnObtainingControl to label_GainOnObtainingControl" xlink:to="label_GainOnObtainingControl_2" xlink:type="arc"/>
    <label id="label_GainOnObtainingControl_3" xlink:label="label_GainOnObtainingControl_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainOnObtainingControl" xlink:type="resource" xml:lang="en-US">Gain on obtaining control</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainOnObtainingControl" xlink:title="label: GainOnObtainingControl to label_GainOnObtainingControl" xlink:to="label_GainOnObtainingControl_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ProfitLossExcludingNewAccountingPolicyAdjustment" xlink:label="ProfitLossExcludingNewAccountingPolicyAdjustment" xlink:title="ProfitLossExcludingNewAccountingPolicyAdjustment" xlink:type="locator"/>
    <label id="label_ProfitLossExcludingNewAccountingPolicyAdjustment" xlink:label="label_ProfitLossExcludingNewAccountingPolicyAdjustment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossExcludingNewAccountingPolicyAdjustment" xlink:type="resource" xml:lang="en-US">Profit Loss Excluding New Accounting Policy Adjustment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossExcludingNewAccountingPolicyAdjustment" xlink:title="label: ProfitLossExcludingNewAccountingPolicyAdjustment to label_ProfitLossExcludingNewAccountingPolicyAdjustment" xlink:to="label_ProfitLossExcludingNewAccountingPolicyAdjustment" xlink:type="arc"/>
    <label id="label_ProfitLossExcludingNewAccountingPolicyAdjustment_2" xlink:label="label_ProfitLossExcludingNewAccountingPolicyAdjustment_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProfitLossExcludingNewAccountingPolicyAdjustment" xlink:type="resource" xml:lang="en-US">The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest and excluding the cumulative effect adjustment due to the adoption of a new accounting standard.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossExcludingNewAccountingPolicyAdjustment" xlink:title="label: ProfitLossExcludingNewAccountingPolicyAdjustment to label_ProfitLossExcludingNewAccountingPolicyAdjustment" xlink:to="label_ProfitLossExcludingNewAccountingPolicyAdjustment_2" xlink:type="arc"/>
    <label id="label_ProfitLossExcludingNewAccountingPolicyAdjustment_3" xlink:label="label_ProfitLossExcludingNewAccountingPolicyAdjustment_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLossExcludingNewAccountingPolicyAdjustment" xlink:type="resource" xml:lang="en-US">Net loss</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossExcludingNewAccountingPolicyAdjustment" xlink:title="label: ProfitLossExcludingNewAccountingPolicyAdjustment to label_ProfitLossExcludingNewAccountingPolicyAdjustment" xlink:to="label_ProfitLossExcludingNewAccountingPolicyAdjustment_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GainLossOnDispositionOfAssets1" xlink:label="GainLossOnDispositionOfAssets1" xlink:title="GainLossOnDispositionOfAssets1" xlink:type="locator"/>
    <label id="label_GainLossOnDispositionOfAssets1" xlink:label="label_GainLossOnDispositionOfAssets1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainLossOnDispositionOfAssets1" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Disposition of Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossOnDispositionOfAssets1" xlink:title="label: GainLossOnDispositionOfAssets1 to label_GainLossOnDispositionOfAssets1" xlink:to="label_GainLossOnDispositionOfAssets1" xlink:type="arc"/>
    <label id="label_GainLossOnDispositionOfAssets1_2" xlink:label="label_GainLossOnDispositionOfAssets1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainLossOnDispositionOfAssets1" xlink:type="resource" xml:lang="en-US">Gain on sale of assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossOnDispositionOfAssets1" xlink:title="label: GainLossOnDispositionOfAssets1 to label_GainLossOnDispositionOfAssets1" xlink:to="label_GainLossOnDispositionOfAssets1_2" xlink:type="arc"/>
    <label id="label_GainLossOnDispositionOfAssets1_3" xlink:label="label_GainLossOnDispositionOfAssets1_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_GainLossOnDispositionOfAssets1" xlink:type="resource" xml:lang="en-US">Gain on sale of business/assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossOnDispositionOfAssets1" xlink:title="label: GainLossOnDispositionOfAssets1 to label_GainLossOnDispositionOfAssets1" xlink:to="label_GainLossOnDispositionOfAssets1_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InsuranceClaimsMember" xlink:label="InsuranceClaimsMember" xlink:title="InsuranceClaimsMember" xlink:type="locator"/>
    <label id="label_InsuranceClaimsMember" xlink:label="label_InsuranceClaimsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InsuranceClaimsMember" xlink:type="resource" xml:lang="en-US">Insurance Claims [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InsuranceClaimsMember" xlink:title="label: InsuranceClaimsMember to label_InsuranceClaimsMember" xlink:to="label_InsuranceClaimsMember" xlink:type="arc"/>
    <label id="label_InsuranceClaimsMember_2" xlink:label="label_InsuranceClaimsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InsuranceClaimsMember" xlink:type="resource" xml:lang="en-US">Insurance claims</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InsuranceClaimsMember" xlink:title="label: InsuranceClaimsMember to label_InsuranceClaimsMember" xlink:to="label_InsuranceClaimsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner" xlink:label="PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner" xlink:title="PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner" xlink:type="locator"/>
    <label id="label_PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner" xlink:label="label_PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner" xlink:type="resource" xml:lang="en-US">Percentage Of Outstanding Common Unit Holders Vote Required To Remove General Partner</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner" xlink:title="label: PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner to label_PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner" xlink:to="label_PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner" xlink:type="arc"/>
    <label id="label_PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner_2" xlink:label="label_PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner" xlink:type="resource" xml:lang="en-US">Percentage of outstanding common units holders&#x2019; vote required to remove the general partner.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner" xlink:title="label: PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner to label_PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner" xlink:to="label_PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner_2" xlink:type="arc"/>
    <label id="label_PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner_3" xlink:label="label_PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner" xlink:type="resource" xml:lang="en-US">Percentage of outstanding common units holders&#x2019; vote required to remove the general partner</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner" xlink:title="label: PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner to label_PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner" xlink:to="label_PercentageOfOutstandingCommonUnitHoldersVoteRequiredToRemoveGeneralPartner_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock" xlink:label="ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock" xlink:title="ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock" xlink:type="locator"/>
    <label id="label_ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock" xlink:label="label_ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock" xlink:type="resource" xml:lang="en-US">Reconciliation of cash and cash equivalents and restricted cash</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock" xlink:title="label: ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock to label_ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock" xlink:to="label_ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock" xlink:type="arc"/>
    <label id="label_ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock_2" xlink:label="label_ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock" xlink:type="resource" xml:lang="en-US">Cash, Cash Equivalents and Investments [Table Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock" xlink:title="label: ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock to label_ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock" xlink:to="label_ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessCombinationDisclosureTextBlock" xlink:label="BusinessCombinationDisclosureTextBlock" xlink:title="BusinessCombinationDisclosureTextBlock" xlink:type="locator"/>
    <label id="label_BusinessCombinationDisclosureTextBlock" xlink:label="label_BusinessCombinationDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessCombinationDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">Business Combination Disclosure [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationDisclosureTextBlock" xlink:title="label: BusinessCombinationDisclosureTextBlock to label_BusinessCombinationDisclosureTextBlock" xlink:to="label_BusinessCombinationDisclosureTextBlock" xlink:type="arc"/>
    <label id="label_BusinessCombinationDisclosureTextBlock_2" xlink:label="label_BusinessCombinationDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BusinessCombinationDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">CONSOLIDATION OF NAVIOS CONTAINERS</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationDisclosureTextBlock" xlink:title="label: BusinessCombinationDisclosureTextBlock to label_BusinessCombinationDisclosureTextBlock" xlink:to="label_BusinessCombinationDisclosureTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RevenueRecognitionPolicyTextBlock" xlink:label="RevenueRecognitionPolicyTextBlock" xlink:title="RevenueRecognitionPolicyTextBlock" xlink:type="locator"/>
    <label id="label_RevenueRecognitionPolicyTextBlock" xlink:label="label_RevenueRecognitionPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenueRecognitionPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Revenue Recognition, Policy [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueRecognitionPolicyTextBlock" xlink:title="label: RevenueRecognitionPolicyTextBlock to label_RevenueRecognitionPolicyTextBlock" xlink:to="label_RevenueRecognitionPolicyTextBlock" xlink:type="arc"/>
    <label id="label_RevenueRecognitionPolicyTextBlock_2" xlink:label="label_RevenueRecognitionPolicyTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RevenueRecognitionPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Revenue and Expense Recognition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueRecognitionPolicyTextBlock" xlink:title="label: RevenueRecognitionPolicyTextBlock to label_RevenueRecognitionPolicyTextBlock" xlink:to="label_RevenueRecognitionPolicyTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock" xlink:label="ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock" xlink:title="ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock" xlink:type="locator"/>
    <label id="label_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock" xlink:label="label_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock" xlink:type="resource" xml:lang="en-US">Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock" xlink:title="label: ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock to label_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock" xlink:to="label_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock" xlink:type="arc"/>
    <label id="label_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock_2" xlink:label="label_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock" xlink:type="resource" xml:lang="en-US">Schedule of acquired intangible assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock" xlink:title="label: ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock to label_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock" xlink:to="label_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosContainersIVMember" xlink:label="NaviosContainersIVMember" xlink:title="NaviosContainersIVMember" xlink:type="locator"/>
    <label id="label_NaviosContainersIVMember" xlink:label="label_NaviosContainersIVMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosContainersIVMember" xlink:type="resource" xml:lang="en-US">Navios Containers IV [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersIVMember" xlink:title="label: NaviosContainersIVMember to label_NaviosContainersIVMember" xlink:to="label_NaviosContainersIVMember" xlink:type="arc"/>
    <label id="label_NaviosContainersIVMember_2" xlink:label="label_NaviosContainersIVMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosContainersIVMember" xlink:type="resource" xml:lang="en-US">Navios Containers and its subsidiaries</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersIVMember" xlink:title="label: NaviosContainersIVMember to label_NaviosContainersIVMember" xlink:to="label_NaviosContainersIVMember_2" xlink:type="arc"/>
    <label id="label_NaviosContainersIVMember_3" xlink:label="label_NaviosContainersIVMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NaviosContainersIVMember" xlink:type="resource" xml:lang="en-US">Navios Containers</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersIVMember" xlink:title="label: NaviosContainersIVMember to label_NaviosContainersIVMember" xlink:to="label_NaviosContainersIVMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PreferredStockRepurchasedPricePercentage" xlink:label="PreferredStockRepurchasedPricePercentage" xlink:title="PreferredStockRepurchasedPricePercentage" xlink:type="locator"/>
    <label id="label_PreferredStockRepurchasedPricePercentage" xlink:label="label_PreferredStockRepurchasedPricePercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockRepurchasedPricePercentage" xlink:type="resource" xml:lang="en-US">Preferred Stock Repurchased Price Percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockRepurchasedPricePercentage" xlink:title="label: PreferredStockRepurchasedPricePercentage to label_PreferredStockRepurchasedPricePercentage" xlink:to="label_PreferredStockRepurchasedPricePercentage" xlink:type="arc"/>
    <label id="label_PreferredStockRepurchasedPricePercentage_2" xlink:label="label_PreferredStockRepurchasedPricePercentage_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PreferredStockRepurchasedPricePercentage" xlink:type="resource" xml:lang="en-US">Percentage price of preferred shares outstanding at which they will be repurchased by the Company.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockRepurchasedPricePercentage" xlink:title="label: PreferredStockRepurchasedPricePercentage to label_PreferredStockRepurchasedPricePercentage" xlink:to="label_PreferredStockRepurchasedPricePercentage_2" xlink:type="arc"/>
    <label id="label_PreferredStockRepurchasedPricePercentage_3" xlink:label="label_PreferredStockRepurchasedPricePercentage_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockRepurchasedPricePercentage" xlink:type="resource" xml:lang="en-US">Shares repurchased, price percentage</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockRepurchasedPricePercentage" xlink:title="label: PreferredStockRepurchasedPricePercentage to label_PreferredStockRepurchasedPricePercentage" xlink:to="label_PreferredStockRepurchasedPricePercentage_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_Notes2024Member" xlink:label="Notes2024Member" xlink:title="Notes2024Member" xlink:type="locator"/>
    <label id="label_Notes2024Member" xlink:label="label_Notes2024Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Notes2024Member" xlink:type="resource" xml:lang="en-US">2024 Notes [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Notes2024Member" xlink:title="label: Notes2024Member to label_Notes2024Member" xlink:to="label_Notes2024Member" xlink:type="arc"/>
    <label id="label_Notes2024Member_2" xlink:label="label_Notes2024Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Notes2024Member" xlink:type="resource" xml:lang="en-US">2024 Notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Notes2024Member" xlink:title="label: Notes2024Member to label_Notes2024Member" xlink:to="label_Notes2024Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FirstContainershipMember" xlink:label="FirstContainershipMember" xlink:title="FirstContainershipMember" xlink:type="locator"/>
    <label id="label_FirstContainershipMember" xlink:label="label_FirstContainershipMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FirstContainershipMember" xlink:type="resource" xml:lang="en-US">First Containership [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstContainershipMember" xlink:title="label: FirstContainershipMember to label_FirstContainershipMember" xlink:to="label_FirstContainershipMember" xlink:type="arc"/>
    <label id="label_FirstContainershipMember_2" xlink:label="label_FirstContainershipMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FirstContainershipMember" xlink:type="resource" xml:lang="en-US">First Containership</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstContainershipMember" xlink:title="label: FirstContainershipMember to label_FirstContainershipMember" xlink:to="label_FirstContainershipMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SecondContainershipMember" xlink:label="SecondContainershipMember" xlink:title="SecondContainershipMember" xlink:type="locator"/>
    <label id="label_SecondContainershipMember" xlink:label="label_SecondContainershipMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SecondContainershipMember" xlink:type="resource" xml:lang="en-US">Second Containership [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecondContainershipMember" xlink:title="label: SecondContainershipMember to label_SecondContainershipMember" xlink:to="label_SecondContainershipMember" xlink:type="arc"/>
    <label id="label_SecondContainershipMember_2" xlink:label="label_SecondContainershipMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SecondContainershipMember" xlink:type="resource" xml:lang="en-US">Second Containership</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecondContainershipMember" xlink:title="label: SecondContainershipMember to label_SecondContainershipMember" xlink:to="label_SecondContainershipMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AmountOfCredit" xlink:label="AmountOfCredit" xlink:title="AmountOfCredit" xlink:type="locator"/>
    <label id="label_AmountOfCredit" xlink:label="label_AmountOfCredit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountOfCredit" xlink:type="resource" xml:lang="en-US">Amount Of Credit</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountOfCredit" xlink:title="label: AmountOfCredit to label_AmountOfCredit" xlink:to="label_AmountOfCredit" xlink:type="arc"/>
    <label id="label_AmountOfCredit_2" xlink:label="label_AmountOfCredit_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmountOfCredit" xlink:type="resource" xml:lang="en-US">The amount of credit given by the seller.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountOfCredit" xlink:title="label: AmountOfCredit to label_AmountOfCredit" xlink:to="label_AmountOfCredit_2" xlink:type="arc"/>
    <label id="label_AmountOfCredit_3" xlink:label="label_AmountOfCredit_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmountOfCredit" xlink:type="resource" xml:lang="en-US">Amount of credit given by the seller</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountOfCredit" xlink:title="label: AmountOfCredit to label_AmountOfCredit" xlink:to="label_AmountOfCredit_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AmendmentOfCovenantsMember" xlink:label="AmendmentOfCovenantsMember" xlink:title="AmendmentOfCovenantsMember" xlink:type="locator"/>
    <label id="label_AmendmentOfCovenantsMember" xlink:label="label_AmendmentOfCovenantsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmendmentOfCovenantsMember" xlink:type="resource" xml:lang="en-US">Amendment Of Covenants [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmendmentOfCovenantsMember" xlink:title="label: AmendmentOfCovenantsMember to label_AmendmentOfCovenantsMember" xlink:to="label_AmendmentOfCovenantsMember" xlink:type="arc"/>
    <label id="label_AmendmentOfCovenantsMember_2" xlink:label="label_AmendmentOfCovenantsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmendmentOfCovenantsMember" xlink:type="resource" xml:lang="en-US">Amendment of covenants</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmendmentOfCovenantsMember" xlink:title="label: AmendmentOfCovenantsMember to label_AmendmentOfCovenantsMember" xlink:to="label_AmendmentOfCovenantsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_VesselsUponObtainingControl" xlink:label="VesselsUponObtainingControl" xlink:title="VesselsUponObtainingControl" xlink:type="locator"/>
    <label id="label_VesselsUponObtainingControl" xlink:label="label_VesselsUponObtainingControl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VesselsUponObtainingControl" xlink:type="resource" xml:lang="en-US">Vessels Upon Obtaining Control</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselsUponObtainingControl" xlink:title="label: VesselsUponObtainingControl to label_VesselsUponObtainingControl" xlink:to="label_VesselsUponObtainingControl" xlink:type="arc"/>
    <label id="label_VesselsUponObtainingControl_2" xlink:label="label_VesselsUponObtainingControl_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VesselsUponObtainingControl" xlink:type="resource" xml:lang="en-US">The cost of vessels upon obtaining control that are used in the normal conduct of business and not intended for resale.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselsUponObtainingControl" xlink:title="label: VesselsUponObtainingControl to label_VesselsUponObtainingControl" xlink:to="label_VesselsUponObtainingControl_2" xlink:type="arc"/>
    <label id="label_VesselsUponObtainingControl_3" xlink:label="label_VesselsUponObtainingControl_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VesselsUponObtainingControl" xlink:type="resource" xml:lang="en-US">Vessels upon obtaining control</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselsUponObtainingControl" xlink:title="label: VesselsUponObtainingControl to label_VesselsUponObtainingControl" xlink:to="label_VesselsUponObtainingControl_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_VesselsUponObtainingControlAccumulatedDepreciation" xlink:label="VesselsUponObtainingControlAccumulatedDepreciation" xlink:title="VesselsUponObtainingControlAccumulatedDepreciation" xlink:type="locator"/>
    <label id="label_VesselsUponObtainingControlAccumulatedDepreciation" xlink:label="label_VesselsUponObtainingControlAccumulatedDepreciation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VesselsUponObtainingControlAccumulatedDepreciation" xlink:type="resource" xml:lang="en-US">Vessels Upon Obtaining Control Accumulated Depreciation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselsUponObtainingControlAccumulatedDepreciation" xlink:title="label: VesselsUponObtainingControlAccumulatedDepreciation to label_VesselsUponObtainingControlAccumulatedDepreciation" xlink:to="label_VesselsUponObtainingControlAccumulatedDepreciation" xlink:type="arc"/>
    <label id="label_VesselsUponObtainingControlAccumulatedDepreciation_2" xlink:label="label_VesselsUponObtainingControlAccumulatedDepreciation_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VesselsUponObtainingControlAccumulatedDepreciation" xlink:type="resource" xml:lang="en-US">The amount of expense recognized in the current period that reflects the allocation of the cost of vessels upon obtaining control, over the vessels' useful lives. Includes production and non-production related depreciation.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselsUponObtainingControlAccumulatedDepreciation" xlink:title="label: VesselsUponObtainingControlAccumulatedDepreciation to label_VesselsUponObtainingControlAccumulatedDepreciation" xlink:to="label_VesselsUponObtainingControlAccumulatedDepreciation_2" xlink:type="arc"/>
    <label id="label_VesselsUponObtainingControlAccumulatedDepreciation_3" xlink:label="label_VesselsUponObtainingControlAccumulatedDepreciation_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VesselsUponObtainingControlAccumulatedDepreciation" xlink:type="resource" xml:lang="en-US">Vessels upon obtaining control</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselsUponObtainingControlAccumulatedDepreciation" xlink:title="label: VesselsUponObtainingControlAccumulatedDepreciation to label_VesselsUponObtainingControlAccumulatedDepreciation" xlink:to="label_VesselsUponObtainingControlAccumulatedDepreciation_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosGalaxyIIMember" xlink:label="NaviosGalaxyIIMember" xlink:title="NaviosGalaxyIIMember" xlink:type="locator"/>
    <label id="label_NaviosGalaxyIIMember" xlink:label="label_NaviosGalaxyIIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosGalaxyIIMember" xlink:type="resource" xml:lang="en-US">Navios Galaxy II [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosGalaxyIIMember" xlink:title="label: NaviosGalaxyIIMember to label_NaviosGalaxyIIMember" xlink:to="label_NaviosGalaxyIIMember" xlink:type="arc"/>
    <label id="label_NaviosGalaxyIIMember_2" xlink:label="label_NaviosGalaxyIIMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosGalaxyIIMember" xlink:type="resource" xml:lang="en-US">Navios Galaxy II</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosGalaxyIIMember" xlink:title="label: NaviosGalaxyIIMember to label_NaviosGalaxyIIMember" xlink:to="label_NaviosGalaxyIIMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHeraklesIMember" xlink:label="NaviosHeraklesIMember" xlink:title="NaviosHeraklesIMember" xlink:type="locator"/>
    <label id="label_NaviosHeraklesIMember" xlink:label="label_NaviosHeraklesIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHeraklesIMember" xlink:type="resource" xml:lang="en-US">Navios Herakles I [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHeraklesIMember" xlink:title="label: NaviosHeraklesIMember to label_NaviosHeraklesIMember" xlink:to="label_NaviosHeraklesIMember" xlink:type="arc"/>
    <label id="label_NaviosHeraklesIMember_2" xlink:label="label_NaviosHeraklesIMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHeraklesIMember" xlink:type="resource" xml:lang="en-US">Navios Herakles I</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHeraklesIMember" xlink:title="label: NaviosHeraklesIMember to label_NaviosHeraklesIMember" xlink:to="label_NaviosHeraklesIMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosUranusMember" xlink:label="NaviosUranusMember" xlink:title="NaviosUranusMember" xlink:type="locator"/>
    <label id="label_NaviosUranusMember" xlink:label="label_NaviosUranusMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosUranusMember" xlink:type="resource" xml:lang="en-US">Navios Uranus [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosUranusMember" xlink:title="label: NaviosUranusMember to label_NaviosUranusMember" xlink:to="label_NaviosUranusMember" xlink:type="arc"/>
    <label id="label_NaviosUranusMember_2" xlink:label="label_NaviosUranusMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosUranusMember" xlink:type="resource" xml:lang="en-US">Navios Uranus</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosUranusMember" xlink:title="label: NaviosUranusMember to label_NaviosUranusMember" xlink:to="label_NaviosUranusMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHeraklesIAndUranusMember" xlink:label="NaviosHeraklesIAndUranusMember" xlink:title="NaviosHeraklesIAndUranusMember" xlink:type="locator"/>
    <label id="label_NaviosHeraklesIAndUranusMember" xlink:label="label_NaviosHeraklesIAndUranusMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHeraklesIAndUranusMember" xlink:type="resource" xml:lang="en-US">Navios Herakles I And Uranus [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHeraklesIAndUranusMember" xlink:title="label: NaviosHeraklesIAndUranusMember to label_NaviosHeraklesIAndUranusMember" xlink:to="label_NaviosHeraklesIAndUranusMember" xlink:type="arc"/>
    <label id="label_NaviosHeraklesIAndUranusMember_2" xlink:label="label_NaviosHeraklesIAndUranusMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHeraklesIAndUranusMember" xlink:type="resource" xml:lang="en-US">Navios Herakles I and Navios Uranus</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHeraklesIAndUranusMember" xlink:title="label: NaviosHeraklesIAndUranusMember to label_NaviosHeraklesIAndUranusMember" xlink:to="label_NaviosHeraklesIAndUranusMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosFelicityIMember" xlink:label="NaviosFelicityIMember" xlink:title="NaviosFelicityIMember" xlink:type="locator"/>
    <label id="label_NaviosFelicityIMember" xlink:label="label_NaviosFelicityIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosFelicityIMember" xlink:type="resource" xml:lang="en-US">Navios Felicity I [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosFelicityIMember" xlink:title="label: NaviosFelicityIMember to label_NaviosFelicityIMember" xlink:to="label_NaviosFelicityIMember" xlink:type="arc"/>
    <label id="label_NaviosFelicityIMember_2" xlink:label="label_NaviosFelicityIMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosFelicityIMember" xlink:type="resource" xml:lang="en-US">Navios Felicity I</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosFelicityIMember" xlink:title="label: NaviosFelicityIMember to label_NaviosFelicityIMember" xlink:to="label_NaviosFelicityIMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosMagellanIIMember" xlink:label="NaviosMagellanIIMember" xlink:title="NaviosMagellanIIMember" xlink:type="locator"/>
    <label id="label_NaviosMagellanIIMember" xlink:label="label_NaviosMagellanIIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosMagellanIIMember" xlink:type="resource" xml:lang="en-US">Navios Magellan II [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMagellanIIMember" xlink:title="label: NaviosMagellanIIMember to label_NaviosMagellanIIMember" xlink:to="label_NaviosMagellanIIMember" xlink:type="arc"/>
    <label id="label_NaviosMagellanIIMember_2" xlink:label="label_NaviosMagellanIIMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosMagellanIIMember" xlink:type="resource" xml:lang="en-US">Navios Magellan II</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMagellanIIMember" xlink:title="label: NaviosMagellanIIMember to label_NaviosMagellanIIMember" xlink:to="label_NaviosMagellanIIMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_WorkingCapitalBalance" xlink:label="WorkingCapitalBalance" xlink:title="WorkingCapitalBalance" xlink:type="locator"/>
    <label id="label_WorkingCapitalBalance" xlink:label="label_WorkingCapitalBalance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WorkingCapitalBalance" xlink:type="resource" xml:lang="en-US">Working Capital Balance</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WorkingCapitalBalance" xlink:title="label: WorkingCapitalBalance to label_WorkingCapitalBalance" xlink:to="label_WorkingCapitalBalance" xlink:type="arc"/>
    <label id="label_WorkingCapitalBalance_2" xlink:label="label_WorkingCapitalBalance_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_WorkingCapitalBalance" xlink:type="resource" xml:lang="en-US">Working capital balance as of the balance sheet date.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WorkingCapitalBalance" xlink:title="label: WorkingCapitalBalance to label_WorkingCapitalBalance" xlink:to="label_WorkingCapitalBalance_2" xlink:type="arc"/>
    <label id="label_WorkingCapitalBalance_3" xlink:label="label_WorkingCapitalBalance_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WorkingCapitalBalance" xlink:type="resource" xml:lang="en-US">Working capital</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WorkingCapitalBalance" xlink:title="label: WorkingCapitalBalance to label_WorkingCapitalBalance" xlink:to="label_WorkingCapitalBalance_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ExcludingNaviosContainersMember" xlink:label="ExcludingNaviosContainersMember" xlink:title="ExcludingNaviosContainersMember" xlink:type="locator"/>
    <label id="label_ExcludingNaviosContainersMember" xlink:label="label_ExcludingNaviosContainersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExcludingNaviosContainersMember" xlink:type="resource" xml:lang="en-US">Excluding Navios Containers [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExcludingNaviosContainersMember" xlink:title="label: ExcludingNaviosContainersMember to label_ExcludingNaviosContainersMember" xlink:to="label_ExcludingNaviosContainersMember" xlink:type="arc"/>
    <label id="label_ExcludingNaviosContainersMember_2" xlink:label="label_ExcludingNaviosContainersMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExcludingNaviosContainersMember" xlink:type="resource" xml:lang="en-US">Excluding Navios Containers</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExcludingNaviosContainersMember" xlink:title="label: ExcludingNaviosContainersMember to label_ExcludingNaviosContainersMember" xlink:to="label_ExcludingNaviosContainersMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CashConsiderationForSaleOfInvestment" xlink:label="CashConsiderationForSaleOfInvestment" xlink:title="CashConsiderationForSaleOfInvestment" xlink:type="locator"/>
    <label id="label_CashConsiderationForSaleOfInvestment" xlink:label="label_CashConsiderationForSaleOfInvestment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashConsiderationForSaleOfInvestment" xlink:type="resource" xml:lang="en-US">Cash Consideration For Sale Of Investment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashConsiderationForSaleOfInvestment" xlink:title="label: CashConsiderationForSaleOfInvestment to label_CashConsiderationForSaleOfInvestment" xlink:to="label_CashConsiderationForSaleOfInvestment" xlink:type="arc"/>
    <label id="label_CashConsiderationForSaleOfInvestment_2" xlink:label="label_CashConsiderationForSaleOfInvestment_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CashConsiderationForSaleOfInvestment" xlink:type="resource" xml:lang="en-US">The cash consideration associated with the sale of equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashConsiderationForSaleOfInvestment" xlink:title="label: CashConsiderationForSaleOfInvestment to label_CashConsiderationForSaleOfInvestment" xlink:to="label_CashConsiderationForSaleOfInvestment_2" xlink:type="arc"/>
    <label id="label_CashConsiderationForSaleOfInvestment_3" xlink:label="label_CashConsiderationForSaleOfInvestment_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashConsiderationForSaleOfInvestment" xlink:type="resource" xml:lang="en-US">Cash consideration from sale of investments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashConsiderationForSaleOfInvestment" xlink:title="label: CashConsiderationForSaleOfInvestment to label_CashConsiderationForSaleOfInvestment" xlink:to="label_CashConsiderationForSaleOfInvestment_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FourteenVesselsTotalMember" xlink:label="FourteenVesselsTotalMember" xlink:title="FourteenVesselsTotalMember" xlink:type="locator"/>
    <label id="label_FourteenVesselsTotalMember" xlink:label="label_FourteenVesselsTotalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FourteenVesselsTotalMember" xlink:type="resource" xml:lang="en-US">Fourteen Vessels Total [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FourteenVesselsTotalMember" xlink:title="label: FourteenVesselsTotalMember to label_FourteenVesselsTotalMember" xlink:to="label_FourteenVesselsTotalMember" xlink:type="arc"/>
    <label id="label_FourteenVesselsTotalMember_2" xlink:label="label_FourteenVesselsTotalMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FourteenVesselsTotalMember" xlink:type="resource" xml:lang="en-US">Fourteen Vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FourteenVesselsTotalMember" xlink:title="label: FourteenVesselsTotalMember to label_FourteenVesselsTotalMember" xlink:to="label_FourteenVesselsTotalMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityCollateral" xlink:label="LineOfCreditFacilityCollateral" xlink:title="LineOfCreditFacilityCollateral" xlink:type="locator"/>
    <label id="label_LineOfCreditFacilityCollateral" xlink:label="label_LineOfCreditFacilityCollateral" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineOfCreditFacilityCollateral" xlink:type="resource" xml:lang="en-US">Line Of Credit Facility Collateral</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityCollateral" xlink:title="label: LineOfCreditFacilityCollateral to label_LineOfCreditFacilityCollateral" xlink:to="label_LineOfCreditFacilityCollateral" xlink:type="arc"/>
    <label id="label_LineOfCreditFacilityCollateral_2" xlink:label="label_LineOfCreditFacilityCollateral_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LineOfCreditFacilityCollateral" xlink:type="resource" xml:lang="en-US">Line of credit collateral</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineOfCreditFacilityCollateral" xlink:title="label: LineOfCreditFacilityCollateral to label_LineOfCreditFacilityCollateral" xlink:to="label_LineOfCreditFacilityCollateral_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DebtArrangementFee" xlink:label="DebtArrangementFee" xlink:title="DebtArrangementFee" xlink:type="locator"/>
    <label id="label_DebtArrangementFee" xlink:label="label_DebtArrangementFee" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtArrangementFee" xlink:type="resource" xml:lang="en-US">Debt Arrangement Fee</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtArrangementFee" xlink:title="label: DebtArrangementFee to label_DebtArrangementFee" xlink:to="label_DebtArrangementFee" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireNotesReceivable" xlink:label="PaymentsToAcquireNotesReceivable" xlink:title="PaymentsToAcquireNotesReceivable" xlink:type="locator"/>
    <label id="label_PaymentsToAcquireNotesReceivable" xlink:label="label_PaymentsToAcquireNotesReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsToAcquireNotesReceivable" xlink:type="resource" xml:lang="en-US">Payments To Acquire Notes Receivable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireNotesReceivable" xlink:title="label: PaymentsToAcquireNotesReceivable to label_PaymentsToAcquireNotesReceivable" xlink:to="label_PaymentsToAcquireNotesReceivable" xlink:type="arc"/>
    <label id="label_PaymentsToAcquireNotesReceivable_2" xlink:label="label_PaymentsToAcquireNotesReceivable_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsToAcquireNotesReceivable" xlink:type="resource" xml:lang="en-US">Payments to acquire Notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireNotesReceivable" xlink:title="label: PaymentsToAcquireNotesReceivable to label_PaymentsToAcquireNotesReceivable" xlink:to="label_PaymentsToAcquireNotesReceivable_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FirstYearMember" xlink:label="FirstYearMember" xlink:title="FirstYearMember" xlink:type="locator"/>
    <label id="label_FirstYearMember" xlink:label="label_FirstYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FirstYearMember" xlink:type="resource" xml:lang="en-US">First Year [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstYearMember" xlink:title="label: FirstYearMember to label_FirstYearMember" xlink:to="label_FirstYearMember" xlink:type="arc"/>
    <label id="label_FirstYearMember_2" xlink:label="label_FirstYearMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FirstYearMember" xlink:type="resource" xml:lang="en-US">First Year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstYearMember" xlink:title="label: FirstYearMember to label_FirstYearMember" xlink:to="label_FirstYearMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SecondYearMember" xlink:label="SecondYearMember" xlink:title="SecondYearMember" xlink:type="locator"/>
    <label id="label_SecondYearMember" xlink:label="label_SecondYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SecondYearMember" xlink:type="resource" xml:lang="en-US">Second Year [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecondYearMember" xlink:title="label: SecondYearMember to label_SecondYearMember" xlink:to="label_SecondYearMember" xlink:type="arc"/>
    <label id="label_SecondYearMember_2" xlink:label="label_SecondYearMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SecondYearMember" xlink:type="resource" xml:lang="en-US">Second Year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecondYearMember" xlink:title="label: SecondYearMember to label_SecondYearMember" xlink:to="label_SecondYearMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SecuredCreditFacilityMember" xlink:label="SecuredCreditFacilityMember" xlink:title="SecuredCreditFacilityMember" xlink:type="locator"/>
    <label id="label_SecuredCreditFacilityMember" xlink:label="label_SecuredCreditFacilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SecuredCreditFacilityMember" xlink:type="resource" xml:lang="en-US">Secured Credit Facility [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecuredCreditFacilityMember" xlink:title="label: SecuredCreditFacilityMember to label_SecuredCreditFacilityMember" xlink:to="label_SecuredCreditFacilityMember" xlink:type="arc"/>
    <label id="label_SecuredCreditFacilityMember_2" xlink:label="label_SecuredCreditFacilityMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SecuredCreditFacilityMember" xlink:type="resource" xml:lang="en-US">Secured Credit Facility</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecuredCreditFacilityMember" xlink:title="label: SecuredCreditFacilityMember to label_SecuredCreditFacilityMember" xlink:to="label_SecuredCreditFacilityMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_StatementScenarioAxis" xlink:label="StatementScenarioAxis" xlink:title="StatementScenarioAxis" xlink:type="locator"/>
    <label id="label_StatementScenarioAxis" xlink:label="label_StatementScenarioAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementScenarioAxis" xlink:type="resource" xml:lang="en-US">Scenario [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementScenarioAxis" xlink:title="label: StatementScenarioAxis to label_StatementScenarioAxis" xlink:to="label_StatementScenarioAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ScenarioUnspecifiedDomain" xlink:label="ScenarioUnspecifiedDomain" xlink:title="ScenarioUnspecifiedDomain" xlink:type="locator"/>
    <label id="label_ScenarioUnspecifiedDomain" xlink:label="label_ScenarioUnspecifiedDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScenarioUnspecifiedDomain" xlink:type="resource" xml:lang="en-US">Scenario, Unspecified [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScenarioUnspecifiedDomain" xlink:title="label: ScenarioUnspecifiedDomain to label_ScenarioUnspecifiedDomain" xlink:to="label_ScenarioUnspecifiedDomain" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FourteenVesselsPerVesselMember" xlink:label="FourteenVesselsPerVesselMember" xlink:title="FourteenVesselsPerVesselMember" xlink:type="locator"/>
    <label id="label_FourteenVesselsPerVesselMember" xlink:label="label_FourteenVesselsPerVesselMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FourteenVesselsPerVesselMember" xlink:type="resource" xml:lang="en-US">Fourteen Vessels Per Vessel [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FourteenVesselsPerVesselMember" xlink:title="label: FourteenVesselsPerVesselMember to label_FourteenVesselsPerVesselMember" xlink:to="label_FourteenVesselsPerVesselMember" xlink:type="arc"/>
    <label id="label_FourteenVesselsPerVesselMember_2" xlink:label="label_FourteenVesselsPerVesselMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FourteenVesselsPerVesselMember" xlink:type="resource" xml:lang="en-US">Fourteen Vessels | Per Vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FourteenVesselsPerVesselMember" xlink:title="label: FourteenVesselsPerVesselMember to label_FourteenVesselsPerVesselMember" xlink:to="label_FourteenVesselsPerVesselMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountingStandardsUpdate201811Member" xlink:label="AccountingStandardsUpdate201811Member" xlink:title="AccountingStandardsUpdate201811Member" xlink:type="locator"/>
    <label id="label_AccountingStandardsUpdate201811Member_2" xlink:label="label_AccountingStandardsUpdate201811Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountingStandardsUpdate201811Member" xlink:type="resource" xml:lang="en-US">Accounting Standards Update 2018-11 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountingStandardsUpdate201811Member" xlink:title="label: AccountingStandardsUpdate201811Member to label_AccountingStandardsUpdate201811Member" xlink:to="label_AccountingStandardsUpdate201811Member_2" xlink:type="arc"/>
    <label id="label_AccountingStandardsUpdate201811Member" xlink:label="label_AccountingStandardsUpdate201811Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccountingStandardsUpdate201811Member" xlink:type="resource" xml:lang="en-US">ASU 2018-11</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountingStandardsUpdate201811Member" xlink:title="label: AccountingStandardsUpdate201811Member to label_AccountingStandardsUpdate201811Member" xlink:to="label_AccountingStandardsUpdate201811Member" xlink:type="arc"/>
    <loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityInteractiveDataCurrent" xlink:label="EntityInteractiveDataCurrent" xlink:title="EntityInteractiveDataCurrent" xlink:type="locator"/>
    <label id="label_EntityInteractiveDataCurrent" xlink:label="label_EntityInteractiveDataCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityInteractiveDataCurrent" xlink:type="resource" xml:lang="en-US">Entity Interactive Data Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityInteractiveDataCurrent" xlink:title="label: EntityInteractiveDataCurrent to label_EntityInteractiveDataCurrent" xlink:to="label_EntityInteractiveDataCurrent" xlink:type="arc"/>
    <loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityAddressCountry" xlink:label="EntityAddressCountry" xlink:title="EntityAddressCountry" xlink:type="locator"/>
    <label id="label_EntityAddressCountry" xlink:label="label_EntityAddressCountry" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityAddressCountry" xlink:type="resource" xml:lang="en-US">Entity Address, Country</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressCountry" xlink:title="label: EntityAddressCountry to label_EntityAddressCountry" xlink:to="label_EntityAddressCountry" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHoldings1Member" xlink:label="NaviosHoldings1Member" xlink:title="NaviosHoldings1Member" xlink:type="locator"/>
    <label id="label_NaviosHoldings1Member" xlink:label="label_NaviosHoldings1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHoldings1Member" xlink:type="resource" xml:lang="en-US">Navios Holdings 1 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldings1Member" xlink:title="label: NaviosHoldings1Member to label_NaviosHoldings1Member" xlink:to="label_NaviosHoldings1Member" xlink:type="arc"/>
    <label id="label_NaviosHoldings1Member_2" xlink:label="label_NaviosHoldings1Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHoldings1Member" xlink:type="resource" xml:lang="en-US">Navios Holdings</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHoldings1Member" xlink:title="label: NaviosHoldings1Member to label_NaviosHoldings1Member" xlink:to="label_NaviosHoldings1Member_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherNonoperatingIncome" xlink:label="OtherNonoperatingIncome" xlink:title="OtherNonoperatingIncome" xlink:type="locator"/>
    <label id="label_OtherNonoperatingIncome" xlink:label="label_OtherNonoperatingIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNonoperatingIncome" xlink:type="resource" xml:lang="en-US">Other Nonoperating Income</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNonoperatingIncome" xlink:title="label: OtherNonoperatingIncome to label_OtherNonoperatingIncome" xlink:to="label_OtherNonoperatingIncome" xlink:type="arc"/>
    <label id="label_OtherNonoperatingIncome_2" xlink:label="label_OtherNonoperatingIncome_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherNonoperatingIncome" xlink:type="resource" xml:lang="en-US">Other income</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNonoperatingIncome" xlink:title="label: OtherNonoperatingIncome to label_OtherNonoperatingIncome" xlink:to="label_OtherNonoperatingIncome_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseLiabilityCurrent" xlink:label="OperatingLeaseLiabilityCurrent" xlink:title="OperatingLeaseLiabilityCurrent" xlink:type="locator"/>
    <label id="label_OperatingLeaseLiabilityCurrent" xlink:label="label_OperatingLeaseLiabilityCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeaseLiabilityCurrent" xlink:type="resource" xml:lang="en-US">Operating lease liabilities, current portion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeaseLiabilityCurrent" xlink:title="label: OperatingLeaseLiabilityCurrent to label_OperatingLeaseLiabilityCurrent" xlink:to="label_OperatingLeaseLiabilityCurrent" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseLiabilityNoncurrent" xlink:label="OperatingLeaseLiabilityNoncurrent" xlink:title="OperatingLeaseLiabilityNoncurrent" xlink:type="locator"/>
    <label id="label_OperatingLeaseLiabilityNoncurrent" xlink:label="label_OperatingLeaseLiabilityNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeaseLiabilityNoncurrent" xlink:type="resource" xml:lang="en-US">Operating lease liabilities, net of current portion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeaseLiabilityNoncurrent" xlink:title="label: OperatingLeaseLiabilityNoncurrent to label_OperatingLeaseLiabilityNoncurrent" xlink:to="label_OperatingLeaseLiabilityNoncurrent" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsOfStockIssuanceCosts" xlink:label="PaymentsOfStockIssuanceCosts" xlink:title="PaymentsOfStockIssuanceCosts" xlink:type="locator"/>
    <label id="label_PaymentsOfStockIssuanceCosts" xlink:label="label_PaymentsOfStockIssuanceCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsOfStockIssuanceCosts" xlink:type="resource" xml:lang="en-US">Issuance of capital surplus</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfStockIssuanceCosts" xlink:title="label: PaymentsOfStockIssuanceCosts to label_PaymentsOfStockIssuanceCosts" xlink:to="label_PaymentsOfStockIssuanceCosts" xlink:type="arc"/>
    <label id="label_PaymentsOfStockIssuanceCosts_2" xlink:label="label_PaymentsOfStockIssuanceCosts_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsOfStockIssuanceCosts" xlink:type="resource" xml:lang="en-US">Issuance of capital surplus</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfStockIssuanceCosts" xlink:title="label: PaymentsOfStockIssuanceCosts to label_PaymentsOfStockIssuanceCosts" xlink:to="label_PaymentsOfStockIssuanceCosts_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConversionOfStockAmountConverted1" xlink:label="ConversionOfStockAmountConverted1" xlink:title="ConversionOfStockAmountConverted1" xlink:type="locator"/>
    <label id="label_ConversionOfStockAmountConverted1" xlink:label="label_ConversionOfStockAmountConverted1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConversionOfStockAmountConverted1" xlink:type="resource" xml:lang="en-US">Issuance of senior secured notes in exchange of preferred stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConversionOfStockAmountConverted1" xlink:title="label: ConversionOfStockAmountConverted1 to label_ConversionOfStockAmountConverted1" xlink:to="label_ConversionOfStockAmountConverted1" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock" xlink:label="ScheduleOfRestrictedCashAndCashEquivalentsTextBlock" xlink:title="ScheduleOfRestrictedCashAndCashEquivalentsTextBlock" xlink:type="locator"/>
    <label id="label_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock" xlink:label="label_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock" xlink:type="resource" xml:lang="en-US">Reconciliation of cash, cash equivalents and restricted cash</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfRestrictedCashAndCashEquivalentsTextBlock" xlink:title="label: ScheduleOfRestrictedCashAndCashEquivalentsTextBlock to label_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock" xlink:to="label_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DisaggregationOfRevenueTableTextBlock" xlink:label="DisaggregationOfRevenueTableTextBlock" xlink:title="DisaggregationOfRevenueTableTextBlock" xlink:type="locator"/>
    <label id="label_DisaggregationOfRevenueTableTextBlock" xlink:label="label_DisaggregationOfRevenueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisaggregationOfRevenueTableTextBlock" xlink:type="resource" xml:lang="en-US">Revenue per category</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisaggregationOfRevenueTableTextBlock" xlink:title="label: DisaggregationOfRevenueTableTextBlock to label_DisaggregationOfRevenueTableTextBlock" xlink:to="label_DisaggregationOfRevenueTableTextBlock" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodShares" xlink:label="StockRepurchasedDuringPeriodShares" xlink:title="StockRepurchasedDuringPeriodShares" xlink:type="locator"/>
    <label id="label_StockRepurchasedDuringPeriodShares" xlink:label="label_StockRepurchasedDuringPeriodShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockRepurchasedDuringPeriodShares" xlink:type="resource" xml:lang="en-US">Number of stocks repurchased</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockRepurchasedDuringPeriodShares" xlink:title="label: StockRepurchasedDuringPeriodShares to label_StockRepurchasedDuringPeriodShares" xlink:to="label_StockRepurchasedDuringPeriodShares" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="IndefiniteLivedIntangibleAssetsByMajorClassAxis" xlink:title="IndefiniteLivedIntangibleAssetsByMajorClassAxis" xlink:type="locator"/>
    <label id="label_IndefiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="label_IndefiniteLivedIntangibleAssetsByMajorClassAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IndefiniteLivedIntangibleAssetsByMajorClassAxis" xlink:type="resource" xml:lang="en-US">Indefinite Lived Intangible Assets By Major Class [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndefiniteLivedIntangibleAssetsByMajorClassAxis" xlink:title="label: IndefiniteLivedIntangibleAssetsByMajorClassAxis to label_IndefiniteLivedIntangibleAssetsByMajorClassAxis" xlink:to="label_IndefiniteLivedIntangibleAssetsByMajorClassAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="IndefiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:title="IndefiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:type="locator"/>
    <label id="label_IndefiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="label_IndefiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IndefiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:type="resource" xml:lang="en-US">Indefinite Lived Intangible Assets Major Class Name [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndefiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:title="label: IndefiniteLivedIntangibleAssetsMajorClassNameDomain to label_IndefiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:to="label_IndefiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsFairValueDisclosure" xlink:label="AssetsFairValueDisclosure" xlink:title="AssetsFairValueDisclosure" xlink:type="locator"/>
    <label id="label_AssetsFairValueDisclosure" xlink:label="label_AssetsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_AssetsFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Total</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsFairValueDisclosure" xlink:title="label: AssetsFairValueDisclosure to label_AssetsFairValueDisclosure" xlink:to="label_AssetsFairValueDisclosure" xlink:type="arc"/>
    <label id="label_AssetsFairValueDisclosure_2" xlink:label="label_AssetsFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Total</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsFairValueDisclosure" xlink:title="label: AssetsFairValueDisclosure to label_AssetsFairValueDisclosure" xlink:to="label_AssetsFairValueDisclosure_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RevaluationVesselsDueToRestructuringCapitalLeaseObligation" xlink:label="RevaluationVesselsDueToRestructuringCapitalLeaseObligation" xlink:title="RevaluationVesselsDueToRestructuringCapitalLeaseObligation" xlink:type="locator"/>
    <label id="label_RevaluationVesselsDueToRestructuringCapitalLeaseObligation" xlink:label="label_RevaluationVesselsDueToRestructuringCapitalLeaseObligation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevaluationVesselsDueToRestructuringCapitalLeaseObligation" xlink:type="resource" xml:lang="en-US">Revaluation Vessels Due To Restructuring Capital Lease Obligation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevaluationVesselsDueToRestructuringCapitalLeaseObligation" xlink:title="label: RevaluationVesselsDueToRestructuringCapitalLeaseObligation to label_RevaluationVesselsDueToRestructuringCapitalLeaseObligation" xlink:to="label_RevaluationVesselsDueToRestructuringCapitalLeaseObligation" xlink:type="arc"/>
    <label id="label_RevaluationVesselsDueToRestructuringCapitalLeaseObligation_2" xlink:label="label_RevaluationVesselsDueToRestructuringCapitalLeaseObligation_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RevaluationVesselsDueToRestructuringCapitalLeaseObligation" xlink:type="resource" xml:lang="en-US">Revaluation of vessels due to restructuring capital lease obligation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevaluationVesselsDueToRestructuringCapitalLeaseObligation" xlink:title="label: RevaluationVesselsDueToRestructuringCapitalLeaseObligation to label_RevaluationVesselsDueToRestructuringCapitalLeaseObligation" xlink:to="label_RevaluationVesselsDueToRestructuringCapitalLeaseObligation_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_StockIssuedDuringPeriodSharesAdditionalPaidInCapital" xlink:label="StockIssuedDuringPeriodSharesAdditionalPaidInCapital" xlink:title="StockIssuedDuringPeriodSharesAdditionalPaidInCapital" xlink:type="locator"/>
    <label id="label_StockIssuedDuringPeriodSharesAdditionalPaidInCapital" xlink:label="label_StockIssuedDuringPeriodSharesAdditionalPaidInCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodSharesAdditionalPaidInCapital" xlink:type="resource" xml:lang="en-US">Issuance of capital surplus, shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesAdditionalPaidInCapital" xlink:title="label: StockIssuedDuringPeriodSharesAdditionalPaidInCapital to label_StockIssuedDuringPeriodSharesAdditionalPaidInCapital" xlink:to="label_StockIssuedDuringPeriodSharesAdditionalPaidInCapital" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodSharesAdditionalPaidInCapital_2" xlink:label="label_StockIssuedDuringPeriodSharesAdditionalPaidInCapital_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_StockIssuedDuringPeriodSharesAdditionalPaidInCapital" xlink:type="resource" xml:lang="en-US">Issuance of capital surplus, shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesAdditionalPaidInCapital" xlink:title="label: StockIssuedDuringPeriodSharesAdditionalPaidInCapital to label_StockIssuedDuringPeriodSharesAdditionalPaidInCapital" xlink:to="label_StockIssuedDuringPeriodSharesAdditionalPaidInCapital_2" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodSharesAdditionalPaidInCapital_3" xlink:label="label_StockIssuedDuringPeriodSharesAdditionalPaidInCapital_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_StockIssuedDuringPeriodSharesAdditionalPaidInCapital" xlink:type="resource" xml:lang="en-US">Number of shares of stock issued during the period pursuant to adjustments in additional paid in capital (APIC) associated with issuing stock.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesAdditionalPaidInCapital" xlink:title="label: StockIssuedDuringPeriodSharesAdditionalPaidInCapital to label_StockIssuedDuringPeriodSharesAdditionalPaidInCapital" xlink:to="label_StockIssuedDuringPeriodSharesAdditionalPaidInCapital_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalOther" xlink:label="AdjustmentsToAdditionalPaidInCapitalOther" xlink:title="AdjustmentsToAdditionalPaidInCapitalOther" xlink:type="locator"/>
    <label id="label_AdjustmentsToAdditionalPaidInCapitalOther" xlink:label="label_AdjustmentsToAdditionalPaidInCapitalOther" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsToAdditionalPaidInCapitalOther" xlink:type="resource" xml:lang="en-US">Issuance of capital surplus, value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsToAdditionalPaidInCapitalOther" xlink:title="label: AdjustmentsToAdditionalPaidInCapitalOther to label_AdjustmentsToAdditionalPaidInCapitalOther" xlink:to="label_AdjustmentsToAdditionalPaidInCapitalOther" xlink:type="arc"/>
    <label id="label_AdjustmentsToAdditionalPaidInCapitalOther_2" xlink:label="label_AdjustmentsToAdditionalPaidInCapitalOther_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AdjustmentsToAdditionalPaidInCapitalOther" xlink:type="resource" xml:lang="en-US">Issuance of capital surplus, value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsToAdditionalPaidInCapitalOther" xlink:title="label: AdjustmentsToAdditionalPaidInCapitalOther to label_AdjustmentsToAdditionalPaidInCapitalOther" xlink:to="label_AdjustmentsToAdditionalPaidInCapitalOther_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockDividendsShares" xlink:label="CommonStockDividendsShares" xlink:title="CommonStockDividendsShares" xlink:type="locator"/>
    <label id="label_CommonStockDividendsShares" xlink:label="label_CommonStockDividendsShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommonStockDividendsShares" xlink:type="resource" xml:lang="en-US">Conversion of unpaid dividend of preferred stock to common stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockDividendsShares" xlink:title="label: CommonStockDividendsShares to label_CommonStockDividendsShares" xlink:to="label_CommonStockDividendsShares" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ChangeInAccountingPrinciplesPolicyTextBlock" xlink:label="ChangeInAccountingPrinciplesPolicyTextBlock" xlink:title="ChangeInAccountingPrinciplesPolicyTextBlock" xlink:type="locator"/>
    <label id="label_ChangeInAccountingPrinciplesPolicyTextBlock" xlink:label="label_ChangeInAccountingPrinciplesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChangeInAccountingPrinciplesPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Change in accounting principles</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangeInAccountingPrinciplesPolicyTextBlock" xlink:title="label: ChangeInAccountingPrinciplesPolicyTextBlock to label_ChangeInAccountingPrinciplesPolicyTextBlock" xlink:to="label_ChangeInAccountingPrinciplesPolicyTextBlock" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RevenueFromContractWithCustomerPolicyTextBlock" xlink:label="RevenueFromContractWithCustomerPolicyTextBlock" xlink:title="RevenueFromContractWithCustomerPolicyTextBlock" xlink:type="locator"/>
    <label id="label_RevenueFromContractWithCustomerPolicyTextBlock" xlink:label="label_RevenueFromContractWithCustomerPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenueFromContractWithCustomerPolicyTextBlock" xlink:type="resource" xml:lang="en-US">Revenue Recognition</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromContractWithCustomerPolicyTextBlock" xlink:title="label: RevenueFromContractWithCustomerPolicyTextBlock to label_RevenueFromContractWithCustomerPolicyTextBlock" xlink:to="label_RevenueFromContractWithCustomerPolicyTextBlock" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosConstellationMember" xlink:label="NaviosConstellationMember" xlink:title="NaviosConstellationMember" xlink:type="locator"/>
    <label id="label_NaviosConstellationMember" xlink:label="label_NaviosConstellationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosConstellationMember" xlink:type="resource" xml:lang="en-US">Navios Constellation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosConstellationMember" xlink:title="label: NaviosConstellationMember to label_NaviosConstellationMember" xlink:to="label_NaviosConstellationMember" xlink:type="arc"/>
    <label id="label_NaviosConstellationMember_2" xlink:label="label_NaviosConstellationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosConstellationMember" xlink:type="resource" xml:lang="en-US">Navios Constellation Containership</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosConstellationMember" xlink:title="label: NaviosConstellationMember to label_NaviosConstellationMember" xlink:to="label_NaviosConstellationMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LineCreditFacilityNumberRepaymentInstallment" xlink:label="LineCreditFacilityNumberRepaymentInstallment" xlink:title="LineCreditFacilityNumberRepaymentInstallment" xlink:type="locator"/>
    <label id="label_LineCreditFacilityNumberRepaymentInstallment" xlink:label="label_LineCreditFacilityNumberRepaymentInstallment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineCreditFacilityNumberRepaymentInstallment" xlink:type="resource" xml:lang="en-US">Repayment installments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineCreditFacilityNumberRepaymentInstallment" xlink:title="label: LineCreditFacilityNumberRepaymentInstallment to label_LineCreditFacilityNumberRepaymentInstallment" xlink:to="label_LineCreditFacilityNumberRepaymentInstallment" xlink:type="arc"/>
    <label id="label_LineCreditFacilityNumberRepaymentInstallment_2" xlink:label="label_LineCreditFacilityNumberRepaymentInstallment_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LineCreditFacilityNumberRepaymentInstallment" xlink:type="resource" xml:lang="en-US">Number of repayment installments of a credit facility agreement.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineCreditFacilityNumberRepaymentInstallment" xlink:title="label: LineCreditFacilityNumberRepaymentInstallment to label_LineCreditFacilityNumberRepaymentInstallment" xlink:to="label_LineCreditFacilityNumberRepaymentInstallment_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ThreeMonthsEndedMember" xlink:label="ThreeMonthsEndedMember" xlink:title="ThreeMonthsEndedMember" xlink:type="locator"/>
    <label id="label_ThreeMonthsEndedMember" xlink:label="label_ThreeMonthsEndedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ThreeMonthsEndedMember" xlink:type="resource" xml:lang="en-US">Three Months Ended [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThreeMonthsEndedMember" xlink:title="label: ThreeMonthsEndedMember to label_ThreeMonthsEndedMember" xlink:to="label_ThreeMonthsEndedMember" xlink:type="arc"/>
    <label id="label_ThreeMonthsEndedMember_2" xlink:label="label_ThreeMonthsEndedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ThreeMonthsEndedMember" xlink:type="resource" xml:lang="en-US">Three months ended</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThreeMonthsEndedMember" xlink:title="label: ThreeMonthsEndedMember to label_ThreeMonthsEndedMember" xlink:to="label_ThreeMonthsEndedMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SixMonthsEndedMember" xlink:label="SixMonthsEndedMember" xlink:title="SixMonthsEndedMember" xlink:type="locator"/>
    <label id="label_SixMonthsEndedMember" xlink:label="label_SixMonthsEndedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SixMonthsEndedMember" xlink:type="resource" xml:lang="en-US">Six Months Ended [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SixMonthsEndedMember" xlink:title="label: SixMonthsEndedMember to label_SixMonthsEndedMember" xlink:to="label_SixMonthsEndedMember" xlink:type="arc"/>
    <label id="label_SixMonthsEndedMember_2" xlink:label="label_SixMonthsEndedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SixMonthsEndedMember" xlink:type="resource" xml:lang="en-US">Six Months Ended</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SixMonthsEndedMember" xlink:title="label: SixMonthsEndedMember to label_SixMonthsEndedMember" xlink:to="label_SixMonthsEndedMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CovenantsWaivedUpToTwoQuartersMember" xlink:label="CovenantsWaivedUpToTwoQuartersMember" xlink:title="CovenantsWaivedUpToTwoQuartersMember" xlink:type="locator"/>
    <label id="label_CovenantsWaivedUpToTwoQuartersMember" xlink:label="label_CovenantsWaivedUpToTwoQuartersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CovenantsWaivedUpToTwoQuartersMember" xlink:type="resource" xml:lang="en-US">Covenants Waived Up To Two Quarters [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CovenantsWaivedUpToTwoQuartersMember" xlink:title="label: CovenantsWaivedUpToTwoQuartersMember to label_CovenantsWaivedUpToTwoQuartersMember" xlink:to="label_CovenantsWaivedUpToTwoQuartersMember" xlink:type="arc"/>
    <label id="label_CovenantsWaivedUpToTwoQuartersMember_2" xlink:label="label_CovenantsWaivedUpToTwoQuartersMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CovenantsWaivedUpToTwoQuartersMember" xlink:type="resource" xml:lang="en-US">Covenants waived up to two quarters</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CovenantsWaivedUpToTwoQuartersMember" xlink:title="label: CovenantsWaivedUpToTwoQuartersMember to label_CovenantsWaivedUpToTwoQuartersMember" xlink:to="label_CovenantsWaivedUpToTwoQuartersMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TwoVesselsMember" xlink:label="TwoVesselsMember" xlink:title="TwoVesselsMember" xlink:type="locator"/>
    <label id="label_TwoVesselsMember" xlink:label="label_TwoVesselsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TwoVesselsMember" xlink:type="resource" xml:lang="en-US">Two Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwoVesselsMember" xlink:title="label: TwoVesselsMember to label_TwoVesselsMember" xlink:to="label_TwoVesselsMember" xlink:type="arc"/>
    <label id="label_TwoVesselsMember_2" xlink:label="label_TwoVesselsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TwoVesselsMember" xlink:type="resource" xml:lang="en-US">Two vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwoVesselsMember" xlink:title="label: TwoVesselsMember to label_TwoVesselsMember" xlink:to="label_TwoVesselsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ChangeInAccountingPrincipleCumulativeEffectChangeOnLong-TermDebt" xlink:label="ChangeInAccountingPrincipleCumulativeEffectChangeOnLong-TermDebt" xlink:title="ChangeInAccountingPrincipleCumulativeEffectChangeOnLong-TermDebt" xlink:type="locator"/>
    <label id="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnLong-TermDebt" xlink:label="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnLong-TermDebt" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnLong-TermDebt" xlink:type="resource" xml:lang="en-US">Amount of the cumulative effect of the change in accounting principle or new accounting pronouncement on long term debt in the statement of financial position as of the beginning of the earliest period presented.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangeInAccountingPrincipleCumulativeEffectChangeOnLong-TermDebt" xlink:title="label: ChangeInAccountingPrincipleCumulativeEffectChangeOnLong-TermDebt to label_ChangeInAccountingPrincipleCumulativeEffectChangeOnLong-TermDebt" xlink:to="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnLong-TermDebt" xlink:type="arc"/>
    <label id="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnLong-TermDebt_2" xlink:label="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnLong-TermDebt_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnLong-TermDebt" xlink:type="resource" xml:lang="en-US">Reduction of long term debt, due to change in accounting principle</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangeInAccountingPrincipleCumulativeEffectChangeOnLong-TermDebt" xlink:title="label: ChangeInAccountingPrincipleCumulativeEffectChangeOnLong-TermDebt to label_ChangeInAccountingPrincipleCumulativeEffectChangeOnLong-TermDebt" xlink:to="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnLong-TermDebt_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ChangeInAccountingPrincipleCumulativeEffectChangeOnCurrentPortionLong-TermDebt" xlink:label="ChangeInAccountingPrincipleCumulativeEffectChangeOnCurrentPortionLong-TermDebt" xlink:title="ChangeInAccountingPrincipleCumulativeEffectChangeOnCurrentPortionLong-TermDebt" xlink:type="locator"/>
    <label id="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnCurrentPortionLong-TermDebt" xlink:label="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnCurrentPortionLong-TermDebt" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnCurrentPortionLong-TermDebt" xlink:type="resource" xml:lang="en-US">Amount of the cumulative effect of the change in accounting principle or new accounting pronouncement on current portion of long term debt in the statement of financial position as of the beginning of the earliest period presented.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangeInAccountingPrincipleCumulativeEffectChangeOnCurrentPortionLong-TermDebt" xlink:title="label: ChangeInAccountingPrincipleCumulativeEffectChangeOnCurrentPortionLong-TermDebt to label_ChangeInAccountingPrincipleCumulativeEffectChangeOnCurrentPortionLong-TermDebt" xlink:to="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnCurrentPortionLong-TermDebt" xlink:type="arc"/>
    <label id="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnCurrentPortionLong-TermDebt_2" xlink:label="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnCurrentPortionLong-TermDebt_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnCurrentPortionLong-TermDebt" xlink:type="resource" xml:lang="en-US">Reduction of current portion of long term debt, due to change in accounting principle</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangeInAccountingPrincipleCumulativeEffectChangeOnCurrentPortionLong-TermDebt" xlink:title="label: ChangeInAccountingPrincipleCumulativeEffectChangeOnCurrentPortionLong-TermDebt to label_ChangeInAccountingPrincipleCumulativeEffectChangeOnCurrentPortionLong-TermDebt" xlink:to="label_ChangeInAccountingPrincipleCumulativeEffectChangeOnCurrentPortionLong-TermDebt_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnCashFromOperatingActivities" xlink:label="NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnCashFromOperatingActivities" xlink:title="NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnCashFromOperatingActivities" xlink:type="locator"/>
    <label id="label_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnCashFromOperatingActivities" xlink:label="label_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnCashFromOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnCashFromOperatingActivities" xlink:type="resource" xml:lang="en-US">Increase/ (decrease) in net cash provided by operating activities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnCashFromOperatingActivities" xlink:title="label: NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnCashFromOperatingActivities to label_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnCashFromOperatingActivities" xlink:to="label_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnCashFromOperatingActivities" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_newItemNewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnCashFromFinancingActivities" xlink:label="newItemNewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnCashFromFinancingActivities" xlink:title="newItemNewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnCashFromFinancingActivities" xlink:type="locator"/>
    <label id="label_newItemNewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnCashFromFinancingActivities" xlink:label="label_newItemNewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnCashFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_newItemNewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnCashFromFinancingActivities" xlink:type="resource" xml:lang="en-US">Increase/ (decrease) in net cash provided financing activities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="newItemNewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnCashFromFinancingActivities" xlink:title="label: newItemNewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnCashFromFinancingActivities to label_newItemNewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnCashFromFinancingActivities" xlink:to="label_newItemNewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnCashFromFinancingActivities" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SellersCreditAgreementMember" xlink:label="SellersCreditAgreementMember" xlink:title="SellersCreditAgreementMember" xlink:type="locator"/>
    <label id="label_SellersCreditAgreementMember" xlink:label="label_SellersCreditAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SellersCreditAgreementMember" xlink:type="resource" xml:lang="en-US">Sellers Credit Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellersCreditAgreementMember" xlink:title="label: SellersCreditAgreementMember to label_SellersCreditAgreementMember" xlink:to="label_SellersCreditAgreementMember" xlink:type="arc"/>
    <label id="label_SellersCreditAgreementMember_2" xlink:label="label_SellersCreditAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SellersCreditAgreementMember" xlink:type="resource" xml:lang="en-US">Seller's credit agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellersCreditAgreementMember" xlink:title="label: SellersCreditAgreementMember to label_SellersCreditAgreementMember" xlink:to="label_SellersCreditAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EdolmixSAAndEnergiasRenovablesDelSurSAMember" xlink:label="EdolmixSAAndEnergiasRenovablesDelSurSAMember" xlink:title="EdolmixSAAndEnergiasRenovablesDelSurSAMember" xlink:type="locator"/>
    <label id="label_EdolmixSAAndEnergiasRenovablesDelSurSAMember" xlink:label="label_EdolmixSAAndEnergiasRenovablesDelSurSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EdolmixSAAndEnergiasRenovablesDelSurSAMember" xlink:type="resource" xml:lang="en-US">Edolmix S.A. and Energias Renovables del Sur S.A.[Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EdolmixSAAndEnergiasRenovablesDelSurSAMember" xlink:title="label: EdolmixSAAndEnergiasRenovablesDelSurSAMember to label_EdolmixSAAndEnergiasRenovablesDelSurSAMember" xlink:to="label_EdolmixSAAndEnergiasRenovablesDelSurSAMember" xlink:type="arc"/>
    <label id="label_EdolmixSAAndEnergiasRenovablesDelSurSAMember_2" xlink:label="label_EdolmixSAAndEnergiasRenovablesDelSurSAMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EdolmixSAAndEnergiasRenovablesDelSurSAMember" xlink:type="resource" xml:lang="en-US">Edolmix S.A. and Energias Renovables del Sur S.A.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EdolmixSAAndEnergiasRenovablesDelSurSAMember" xlink:title="label: EdolmixSAAndEnergiasRenovablesDelSurSAMember to label_EdolmixSAAndEnergiasRenovablesDelSurSAMember" xlink:to="label_EdolmixSAAndEnergiasRenovablesDelSurSAMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EdolmixSAMember" xlink:label="EdolmixSAMember" xlink:title="EdolmixSAMember" xlink:type="locator"/>
    <label id="label_EdolmixSAMember" xlink:label="label_EdolmixSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EdolmixSAMember" xlink:type="resource" xml:lang="en-US">Edolmix SA [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EdolmixSAMember" xlink:title="label: EdolmixSAMember to label_EdolmixSAMember" xlink:to="label_EdolmixSAMember" xlink:type="arc"/>
    <label id="label_EdolmixSAMember_2" xlink:label="label_EdolmixSAMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EdolmixSAMember" xlink:type="resource" xml:lang="en-US">Edolmix S.A.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EdolmixSAMember" xlink:title="label: EdolmixSAMember to label_EdolmixSAMember" xlink:to="label_EdolmixSAMember_2" xlink:type="arc"/>
    <loc xlink:href="https://xbrl.sec.gov/country/2020/country-2020-01-31.xsd#country_UY" xlink:label="UY_2" xlink:title="UY" xlink:type="locator"/>
    <label id="label_UY_2" xlink:label="label_UY_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UY" xlink:type="resource" xml:lang="en-US">UY</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UY_2" xlink:title="label: UY to label_UY" xlink:to="label_UY_2" xlink:type="arc"/>
    <label id="label_UY_3" xlink:label="label_UY_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UY" xlink:type="resource" xml:lang="en-US">Uruguay</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UY_2" xlink:title="label: UY to label_UY" xlink:to="label_UY_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilityForCatastropheClaimsByCatastrophicEventAxis" xlink:label="LiabilityForCatastropheClaimsByCatastrophicEventAxis" xlink:title="LiabilityForCatastropheClaimsByCatastrophicEventAxis" xlink:type="locator"/>
    <label id="label_LiabilityForCatastropheClaimsByCatastrophicEventAxis" xlink:label="label_LiabilityForCatastropheClaimsByCatastrophicEventAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilityForCatastropheClaimsByCatastrophicEventAxis" xlink:type="resource" xml:lang="en-US">Liability For Catastrophe Claims By Catastrophic Event [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilityForCatastropheClaimsByCatastrophicEventAxis" xlink:title="label: LiabilityForCatastropheClaimsByCatastrophicEventAxis to label_LiabilityForCatastropheClaimsByCatastrophicEventAxis" xlink:to="label_LiabilityForCatastropheClaimsByCatastrophicEventAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CatastrophicEventDomain" xlink:label="CatastrophicEventDomain" xlink:title="CatastrophicEventDomain" xlink:type="locator"/>
    <label id="label_CatastrophicEventDomain" xlink:label="label_CatastrophicEventDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CatastrophicEventDomain" xlink:type="resource" xml:lang="en-US">Catastrophic Event [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CatastrophicEventDomain" xlink:title="label: CatastrophicEventDomain to label_CatastrophicEventDomain" xlink:to="label_CatastrophicEventDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FireMember" xlink:label="FireMember" xlink:title="FireMember" xlink:type="locator"/>
    <label id="label_FireMember" xlink:label="label_FireMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FireMember" xlink:type="resource" xml:lang="en-US">Fire [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FireMember" xlink:title="label: FireMember to label_FireMember" xlink:to="label_FireMember" xlink:type="arc"/>
    <label id="label_FireMember_2" xlink:label="label_FireMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FireMember" xlink:type="resource" xml:lang="en-US">Fire incedent</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FireMember" xlink:title="label: FireMember to label_FireMember" xlink:to="label_FireMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GuaranteeObligationsTerm" xlink:label="GuaranteeObligationsTerm" xlink:title="GuaranteeObligationsTerm" xlink:type="locator"/>
    <label id="label_GuaranteeObligationsTerm" xlink:label="label_GuaranteeObligationsTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GuaranteeObligationsTerm" xlink:type="resource" xml:lang="en-US">Description of guarantee</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GuaranteeObligationsTerm" xlink:title="label: GuaranteeObligationsTerm to label_GuaranteeObligationsTerm" xlink:to="label_GuaranteeObligationsTerm" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InsuranceSettlementsReceivableCurrent" xlink:label="InsuranceSettlementsReceivableCurrent" xlink:title="InsuranceSettlementsReceivableCurrent" xlink:type="locator"/>
    <label id="label_InsuranceSettlementsReceivableCurrent" xlink:label="label_InsuranceSettlementsReceivableCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InsuranceSettlementsReceivableCurrent" xlink:type="resource" xml:lang="en-US">Insurance claim receivable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InsuranceSettlementsReceivableCurrent" xlink:title="label: InsuranceSettlementsReceivableCurrent to label_InsuranceSettlementsReceivableCurrent" xlink:to="label_InsuranceSettlementsReceivableCurrent" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnusualOrInfrequentItemInsuranceProceeds" xlink:label="UnusualOrInfrequentItemInsuranceProceeds" xlink:title="UnusualOrInfrequentItemInsuranceProceeds" xlink:type="locator"/>
    <label id="label_UnusualOrInfrequentItemInsuranceProceeds" xlink:label="label_UnusualOrInfrequentItemInsuranceProceeds" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnusualOrInfrequentItemInsuranceProceeds" xlink:type="resource" xml:lang="en-US">Proceeds from insurance claim</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnusualOrInfrequentItemInsuranceProceeds" xlink:title="label: UnusualOrInfrequentItemInsuranceProceeds to label_UnusualOrInfrequentItemInsuranceProceeds" xlink:to="label_UnusualOrInfrequentItemInsuranceProceeds" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EliminatedUponConsolidationMember" xlink:label="EliminatedUponConsolidationMember" xlink:title="EliminatedUponConsolidationMember" xlink:type="locator"/>
    <label id="label_EliminatedUponConsolidationMember" xlink:label="label_EliminatedUponConsolidationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EliminatedUponConsolidationMember" xlink:type="resource" xml:lang="en-US">Eliminated Upon Consolidation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EliminatedUponConsolidationMember" xlink:title="label: EliminatedUponConsolidationMember to label_EliminatedUponConsolidationMember" xlink:to="label_EliminatedUponConsolidationMember" xlink:type="arc"/>
    <label id="label_EliminatedUponConsolidationMember_2" xlink:label="label_EliminatedUponConsolidationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EliminatedUponConsolidationMember" xlink:type="resource" xml:lang="en-US">Eliminated upon consolidation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EliminatedUponConsolidationMember" xlink:title="label: EliminatedUponConsolidationMember to label_EliminatedUponConsolidationMember" xlink:to="label_EliminatedUponConsolidationMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AmendementManagementAgreementMember" xlink:label="AmendementManagementAgreementMember" xlink:title="AmendementManagementAgreementMember" xlink:type="locator"/>
    <label id="label_AmendementManagementAgreementMember" xlink:label="label_AmendementManagementAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmendementManagementAgreementMember" xlink:type="resource" xml:lang="en-US">Amendement Management Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmendementManagementAgreementMember" xlink:title="label: AmendementManagementAgreementMember to label_AmendementManagementAgreementMember" xlink:to="label_AmendementManagementAgreementMember" xlink:type="arc"/>
    <label id="label_AmendementManagementAgreementMember_2" xlink:label="label_AmendementManagementAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmendementManagementAgreementMember" xlink:type="resource" xml:lang="en-US">Management agreement amendment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmendementManagementAgreementMember" xlink:title="label: AmendementManagementAgreementMember to label_AmendementManagementAgreementMember" xlink:to="label_AmendementManagementAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FurtherAmendementManagementAgreementMember" xlink:label="FurtherAmendementManagementAgreementMember" xlink:title="FurtherAmendementManagementAgreementMember" xlink:type="locator"/>
    <label id="label_FurtherAmendementManagementAgreementMember" xlink:label="label_FurtherAmendementManagementAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FurtherAmendementManagementAgreementMember" xlink:type="resource" xml:lang="en-US">Further Amendement Management Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FurtherAmendementManagementAgreementMember" xlink:title="label: FurtherAmendementManagementAgreementMember to label_FurtherAmendementManagementAgreementMember" xlink:to="label_FurtherAmendementManagementAgreementMember" xlink:type="arc"/>
    <label id="label_FurtherAmendementManagementAgreementMember_2" xlink:label="label_FurtherAmendementManagementAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FurtherAmendementManagementAgreementMember" xlink:type="resource" xml:lang="en-US">Management agreement further amendment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FurtherAmendementManagementAgreementMember" xlink:title="label: FurtherAmendementManagementAgreementMember to label_FurtherAmendementManagementAgreementMember" xlink:to="label_FurtherAmendementManagementAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AdministrativeAgreementMember" xlink:label="AdministrativeAgreementMember" xlink:title="AdministrativeAgreementMember" xlink:type="locator"/>
    <label id="label_AdministrativeAgreementMember" xlink:label="label_AdministrativeAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdministrativeAgreementMember" xlink:type="resource" xml:lang="en-US">Administrative Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdministrativeAgreementMember" xlink:title="label: AdministrativeAgreementMember to label_AdministrativeAgreementMember" xlink:to="label_AdministrativeAgreementMember" xlink:type="arc"/>
    <label id="label_AdministrativeAgreementMember_2" xlink:label="label_AdministrativeAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdministrativeAgreementMember" xlink:type="resource" xml:lang="en-US">Administrative agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdministrativeAgreementMember" xlink:title="label: AdministrativeAgreementMember to label_AdministrativeAgreementMember" xlink:to="label_AdministrativeAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AutomaticExtensionAdministrativeAgreementMember" xlink:label="AutomaticExtensionAdministrativeAgreementMember" xlink:title="AutomaticExtensionAdministrativeAgreementMember" xlink:type="locator"/>
    <label id="label_AutomaticExtensionAdministrativeAgreementMember" xlink:label="label_AutomaticExtensionAdministrativeAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AutomaticExtensionAdministrativeAgreementMember" xlink:type="resource" xml:lang="en-US">Automatic Extension Administrative Agreement[ Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AutomaticExtensionAdministrativeAgreementMember" xlink:title="label: AutomaticExtensionAdministrativeAgreementMember to label_AutomaticExtensionAdministrativeAgreementMember" xlink:to="label_AutomaticExtensionAdministrativeAgreementMember" xlink:type="arc"/>
    <label id="label_AutomaticExtensionAdministrativeAgreementMember_2" xlink:label="label_AutomaticExtensionAdministrativeAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AutomaticExtensionAdministrativeAgreementMember" xlink:type="resource" xml:lang="en-US">Automatic extension of administrative agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AutomaticExtensionAdministrativeAgreementMember" xlink:title="label: AutomaticExtensionAdministrativeAgreementMember to label_AutomaticExtensionAdministrativeAgreementMember" xlink:to="label_AutomaticExtensionAdministrativeAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ContainerVesselMoreThanFiveThousandFiftyFootEquivalentUnitsMember" xlink:label="ContainerVesselMoreThanFiveThousandFiftyFootEquivalentUnitsMember" xlink:title="ContainerVesselMoreThanFiveThousandFiftyFootEquivalentUnitsMember" xlink:type="locator"/>
    <label id="label_ContainerVesselMoreThanFiveThousandFiftyFootEquivalentUnitsMember" xlink:label="label_ContainerVesselMoreThanFiveThousandFiftyFootEquivalentUnitsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContainerVesselMoreThanFiveThousandFiftyFootEquivalentUnitsMember" xlink:type="resource" xml:lang="en-US">Container Vessel More Than Five Thousand Fifty Foot Equivalent Units [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselMoreThanFiveThousandFiftyFootEquivalentUnitsMember" xlink:title="label: ContainerVesselMoreThanFiveThousandFiftyFootEquivalentUnitsMember to label_ContainerVesselMoreThanFiveThousandFiftyFootEquivalentUnitsMember" xlink:to="label_ContainerVesselMoreThanFiveThousandFiftyFootEquivalentUnitsMember" xlink:type="arc"/>
    <label id="label_ContainerVesselMoreThanFiveThousandFiftyFootEquivalentUnitsMember_2" xlink:label="label_ContainerVesselMoreThanFiveThousandFiftyFootEquivalentUnitsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContainerVesselMoreThanFiveThousandFiftyFootEquivalentUnitsMember" xlink:type="resource" xml:lang="en-US">Container vessel more than 5,500 TEU</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselMoreThanFiveThousandFiftyFootEquivalentUnitsMember" xlink:title="label: ContainerVesselMoreThanFiveThousandFiftyFootEquivalentUnitsMember to label_ContainerVesselMoreThanFiveThousandFiftyFootEquivalentUnitsMember" xlink:to="label_ContainerVesselMoreThanFiveThousandFiftyFootEquivalentUnitsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ContainerVesselMoreThanFiveThousandFiftyFootUpToEightThousandFootEquivalentUnitsMember" xlink:label="ContainerVesselMoreThanFiveThousandFiftyFootUpToEightThousandFootEquivalentUnitsMember" xlink:title="ContainerVesselMoreThanFiveThousandFiftyFootUpToEightThousandFootEquivalentUnitsMember" xlink:type="locator"/>
    <label id="label_ContainerVesselMoreThanFiveThousandFiftyFootUpToEightThousandFootEquivalentUnitsMember" xlink:label="label_ContainerVesselMoreThanFiveThousandFiftyFootUpToEightThousandFootEquivalentUnitsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContainerVesselMoreThanFiveThousandFiftyFootUpToEightThousandFootEquivalentUnitsMember" xlink:type="resource" xml:lang="en-US">Container Vessel More Than Five Thousand Fifty Foot Up To Eight Thousand Foot Equivalent Units [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselMoreThanFiveThousandFiftyFootUpToEightThousandFootEquivalentUnitsMember" xlink:title="label: ContainerVesselMoreThanFiveThousandFiftyFootUpToEightThousandFootEquivalentUnitsMember to label_ContainerVesselMoreThanFiveThousandFiftyFootUpToEightThousandFootEquivalentUnitsMember" xlink:to="label_ContainerVesselMoreThanFiveThousandFiftyFootUpToEightThousandFootEquivalentUnitsMember" xlink:type="arc"/>
    <label id="label_ContainerVesselMoreThanFiveThousandFiftyFootUpToEightThousandFootEquivalentUnitsMember_2" xlink:label="label_ContainerVesselMoreThanFiveThousandFiftyFootUpToEightThousandFootEquivalentUnitsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContainerVesselMoreThanFiveThousandFiftyFootUpToEightThousandFootEquivalentUnitsMember" xlink:type="resource" xml:lang="en-US">Container vessel more than 5,500 TEU and up to 8,000 TEU</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselMoreThanFiveThousandFiftyFootUpToEightThousandFootEquivalentUnitsMember" xlink:title="label: ContainerVesselMoreThanFiveThousandFiftyFootUpToEightThousandFootEquivalentUnitsMember to label_ContainerVesselMoreThanFiveThousandFiftyFootUpToEightThousandFootEquivalentUnitsMember" xlink:to="label_ContainerVesselMoreThanFiveThousandFiftyFootUpToEightThousandFootEquivalentUnitsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ContainerVesselMoreThanEightThousandUpToTenThousandFootEquivalentUnitsMember" xlink:label="ContainerVesselMoreThanEightThousandUpToTenThousandFootEquivalentUnitsMember" xlink:title="ContainerVesselMoreThanEightThousandUpToTenThousandFootEquivalentUnitsMember" xlink:type="locator"/>
    <label id="label_ContainerVesselMoreThanEightThousandUpToTenThousandFootEquivalentUnitsMember" xlink:label="label_ContainerVesselMoreThanEightThousandUpToTenThousandFootEquivalentUnitsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContainerVesselMoreThanEightThousandUpToTenThousandFootEquivalentUnitsMember" xlink:type="resource" xml:lang="en-US">Container Vessel More Than Eight Thousand Up To Ten Thousand Foot Equivalent Units [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselMoreThanEightThousandUpToTenThousandFootEquivalentUnitsMember" xlink:title="label: ContainerVesselMoreThanEightThousandUpToTenThousandFootEquivalentUnitsMember to label_ContainerVesselMoreThanEightThousandUpToTenThousandFootEquivalentUnitsMember" xlink:to="label_ContainerVesselMoreThanEightThousandUpToTenThousandFootEquivalentUnitsMember" xlink:type="arc"/>
    <label id="label_ContainerVesselMoreThanEightThousandUpToTenThousandFootEquivalentUnitsMember_2" xlink:label="label_ContainerVesselMoreThanEightThousandUpToTenThousandFootEquivalentUnitsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContainerVesselMoreThanEightThousandUpToTenThousandFootEquivalentUnitsMember" xlink:type="resource" xml:lang="en-US">Container vessel more than 8,000 TEU and up to 10,000 TEU</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContainerVesselMoreThanEightThousandUpToTenThousandFootEquivalentUnitsMember" xlink:title="label: ContainerVesselMoreThanEightThousandUpToTenThousandFootEquivalentUnitsMember to label_ContainerVesselMoreThanEightThousandUpToTenThousandFootEquivalentUnitsMember" xlink:to="label_ContainerVesselMoreThanEightThousandUpToTenThousandFootEquivalentUnitsMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_CounterpartyNameAxis" xlink:label="CounterpartyNameAxis" xlink:title="CounterpartyNameAxis" xlink:type="locator"/>
    <label id="label_CounterpartyNameAxis" xlink:label="label_CounterpartyNameAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CounterpartyNameAxis" xlink:type="resource" xml:lang="en-US">Counterparty Name [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CounterpartyNameAxis" xlink:title="label: CounterpartyNameAxis to label_CounterpartyNameAxis" xlink:to="label_CounterpartyNameAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RepurchaseAgreementCounterpartyNameDomain" xlink:label="RepurchaseAgreementCounterpartyNameDomain" xlink:title="RepurchaseAgreementCounterpartyNameDomain" xlink:type="locator"/>
    <label id="label_RepurchaseAgreementCounterpartyNameDomain" xlink:label="label_RepurchaseAgreementCounterpartyNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepurchaseAgreementCounterpartyNameDomain" xlink:type="resource" xml:lang="en-US">Counterparty Name [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepurchaseAgreementCounterpartyNameDomain" xlink:title="label: RepurchaseAgreementCounterpartyNameDomain to label_RepurchaseAgreementCounterpartyNameDomain" xlink:to="label_RepurchaseAgreementCounterpartyNameDomain" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosShipmanagementMember" xlink:label="NaviosShipmanagementMember" xlink:title="NaviosShipmanagementMember" xlink:type="locator"/>
    <label id="label_NaviosShipmanagementMember" xlink:label="label_NaviosShipmanagementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosShipmanagementMember" xlink:type="resource" xml:lang="en-US">Navios Shipmanagement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosShipmanagementMember" xlink:title="label: NaviosShipmanagementMember to label_NaviosShipmanagementMember" xlink:to="label_NaviosShipmanagementMember" xlink:type="arc"/>
    <label id="label_NaviosShipmanagementMember_2" xlink:label="label_NaviosShipmanagementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosShipmanagementMember" xlink:type="resource" xml:lang="en-US">Navios Shipmanagement Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosShipmanagementMember" xlink:title="label: NaviosShipmanagementMember to label_NaviosShipmanagementMember" xlink:to="label_NaviosShipmanagementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_GainLossFromPreferredDividendsCancellation" xlink:label="GainLossFromPreferredDividendsCancellation" xlink:title="GainLossFromPreferredDividendsCancellation" xlink:type="locator"/>
    <label id="label_GainLossFromPreferredDividendsCancellation" xlink:label="label_GainLossFromPreferredDividendsCancellation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainLossFromPreferredDividendsCancellation" xlink:type="resource" xml:lang="en-US">Gain Loss From Preferred Dividends Cancellation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossFromPreferredDividendsCancellation" xlink:title="label: GainLossFromPreferredDividendsCancellation to label_GainLossFromPreferredDividendsCancellation" xlink:to="label_GainLossFromPreferredDividendsCancellation" xlink:type="arc"/>
    <label id="label_GainLossFromPreferredDividendsCancellation_2" xlink:label="label_GainLossFromPreferredDividendsCancellation_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GainLossFromPreferredDividendsCancellation" xlink:type="resource" xml:lang="en-US">The amount of gain/ (loss) from the cancellation of the undeclared preferred dividends.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossFromPreferredDividendsCancellation" xlink:title="label: GainLossFromPreferredDividendsCancellation to label_GainLossFromPreferredDividendsCancellation" xlink:to="label_GainLossFromPreferredDividendsCancellation_2" xlink:type="arc"/>
    <label id="label_GainLossFromPreferredDividendsCancellation_3" xlink:label="label_GainLossFromPreferredDividendsCancellation_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainLossFromPreferredDividendsCancellation" xlink:type="resource" xml:lang="en-US">Gain from eliminated dividend on preferred stock due to conversion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossFromPreferredDividendsCancellation" xlink:title="label: GainLossFromPreferredDividendsCancellation to label_GainLossFromPreferredDividendsCancellation" xlink:to="label_GainLossFromPreferredDividendsCancellation_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CostOfRevenue1" xlink:label="CostOfRevenue1" xlink:title="CostOfRevenue1" xlink:type="locator"/>
    <label id="label_CostOfRevenue1" xlink:label="label_CostOfRevenue1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfRevenue1" xlink:type="resource" xml:lang="en-US">Time charter, voyage and logistics business expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfRevenue1" xlink:title="label: CostOfRevenue1 to label_CostOfRevenue1" xlink:to="label_CostOfRevenue1" xlink:type="arc"/>
    <label id="label_CostOfRevenue1_2" xlink:label="label_CostOfRevenue1_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CostOfRevenue1" xlink:type="resource" xml:lang="en-US">Time charter, voyage and logistics business expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfRevenue1" xlink:title="label: CostOfRevenue1 to label_CostOfRevenue1" xlink:to="label_CostOfRevenue1_2" xlink:type="arc"/>
    <label id="label_CostOfRevenue1_3" xlink:label="label_CostOfRevenue1_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CostOfRevenue1" xlink:type="resource" xml:lang="en-US">The aggregate cost of goods produced and sold and services rendered during the reporting period, specific for time charter, voyage and port terminal expenses.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfRevenue1" xlink:title="label: CostOfRevenue1 to label_CostOfRevenue1" xlink:to="label_CostOfRevenue1_3" xlink:type="arc"/>
    <label id="label_CostOfRevenue1_4" xlink:label="label_CostOfRevenue1_4" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_CostOfRevenue1" xlink:type="resource" xml:lang="en-US">Time charter, voyage and port terminal expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfRevenue1" xlink:title="label: CostOfRevenue1 to label_CostOfRevenue1" xlink:to="label_CostOfRevenue1_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DueToRelatedPartiesCurrent" xlink:label="DueToRelatedPartiesCurrent" xlink:title="DueToRelatedPartiesCurrent" xlink:type="locator"/>
    <label id="label_DueToRelatedPartiesCurrent" xlink:label="label_DueToRelatedPartiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DueToRelatedPartiesCurrent" xlink:type="resource" xml:lang="en-US">Due to Related Parties, Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueToRelatedPartiesCurrent" xlink:title="label: DueToRelatedPartiesCurrent to label_DueToRelatedPartiesCurrent" xlink:to="label_DueToRelatedPartiesCurrent" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GainLossOnSaleOfBusiness" xlink:label="GainLossOnSaleOfBusiness" xlink:title="GainLossOnSaleOfBusiness" xlink:type="locator"/>
    <label id="label_GainLossOnSaleOfBusiness" xlink:label="label_GainLossOnSaleOfBusiness" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainLossOnSaleOfBusiness" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Disposition of Business</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossOnSaleOfBusiness" xlink:title="label: GainLossOnSaleOfBusiness to label_GainLossOnSaleOfBusiness" xlink:to="label_GainLossOnSaleOfBusiness" xlink:type="arc"/>
    <label id="label_GainLossOnSaleOfBusiness_2" xlink:label="label_GainLossOnSaleOfBusiness_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainLossOnSaleOfBusiness" xlink:type="resource" xml:lang="en-US">Gain on sale of business</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossOnSaleOfBusiness" xlink:title="label: GainLossOnSaleOfBusiness to label_GainLossOnSaleOfBusiness" xlink:to="label_GainLossOnSaleOfBusiness_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss" xlink:label="BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss" xlink:title="BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss" xlink:type="locator"/>
    <label id="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss" xlink:label="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss" xlink:type="resource" xml:lang="en-US">Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss" xlink:title="label: BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss to label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss" xlink:to="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss" xlink:type="arc"/>
    <label id="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss_2" xlink:label="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss" xlink:type="resource" xml:lang="en-US">(Loss on loss of control)/Bargain gain upon obtaining control</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss" xlink:title="label: BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss to label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss" xlink:to="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss_2" xlink:type="arc"/>
    <label id="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss_3" xlink:label="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss" xlink:type="resource" xml:lang="en-US">Loss on loss of control/(Bargain gain upon obtaining control)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss" xlink:title="label: BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss to label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss" xlink:to="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss_3" xlink:type="arc"/>
    <label id="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss_4" xlink:label="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss" xlink:type="resource" xml:lang="en-US">Loss on loss of control</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss" xlink:title="label: BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss to label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss" xlink:to="label_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesPayableRelatedPartiesClassifiedCurrent" xlink:label="NotesPayableRelatedPartiesClassifiedCurrent" xlink:title="NotesPayableRelatedPartiesClassifiedCurrent" xlink:type="locator"/>
    <label id="label_NotesPayableRelatedPartiesClassifiedCurrent" xlink:label="label_NotesPayableRelatedPartiesClassifiedCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesPayableRelatedPartiesClassifiedCurrent" xlink:type="resource" xml:lang="en-US">Notes Payable, Related Parties, Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayableRelatedPartiesClassifiedCurrent" xlink:title="label: NotesPayableRelatedPartiesClassifiedCurrent to label_NotesPayableRelatedPartiesClassifiedCurrent" xlink:to="label_NotesPayableRelatedPartiesClassifiedCurrent" xlink:type="arc"/>
    <label id="label_NotesPayableRelatedPartiesClassifiedCurrent_2" xlink:label="label_NotesPayableRelatedPartiesClassifiedCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotesPayableRelatedPartiesClassifiedCurrent" xlink:type="resource" xml:lang="en-US">Current portion of loans payable to affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayableRelatedPartiesClassifiedCurrent" xlink:title="label: NotesPayableRelatedPartiesClassifiedCurrent to label_NotesPayableRelatedPartiesClassifiedCurrent" xlink:to="label_NotesPayableRelatedPartiesClassifiedCurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeconsolidationGainOrLossAmount" xlink:label="DeconsolidationGainOrLossAmount" xlink:title="DeconsolidationGainOrLossAmount" xlink:type="locator"/>
    <label id="label_DeconsolidationGainOrLossAmount" xlink:label="label_DeconsolidationGainOrLossAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeconsolidationGainOrLossAmount" xlink:type="resource" xml:lang="en-US">Deconsolidation, Gain (Loss), Amount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeconsolidationGainOrLossAmount" xlink:title="label: DeconsolidationGainOrLossAmount to label_DeconsolidationGainOrLossAmount" xlink:to="label_DeconsolidationGainOrLossAmount" xlink:type="arc"/>
    <label id="label_DeconsolidationGainOrLossAmount_2" xlink:label="label_DeconsolidationGainOrLossAmount_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeconsolidationGainOrLossAmount" xlink:type="resource" xml:lang="en-US">Navios Containers deconsolidation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeconsolidationGainOrLossAmount" xlink:title="label: DeconsolidationGainOrLossAmount to label_DeconsolidationGainOrLossAmount" xlink:to="label_DeconsolidationGainOrLossAmount_2" xlink:type="arc"/>
    <label id="label_DeconsolidationGainOrLossAmount_3" xlink:label="label_DeconsolidationGainOrLossAmount_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_DeconsolidationGainOrLossAmount" xlink:type="resource" xml:lang="en-US">Gain on sale</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeconsolidationGainOrLossAmount" xlink:title="label: DeconsolidationGainOrLossAmount to label_DeconsolidationGainOrLossAmount" xlink:to="label_DeconsolidationGainOrLossAmount_3" xlink:type="arc"/>
    <label id="label_DeconsolidationGainOrLossAmount_4" xlink:label="label_DeconsolidationGainOrLossAmount_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DeconsolidationGainOrLossAmount" xlink:type="resource" xml:lang="en-US">Gain on sale</label>
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    <label id="label_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations" xlink:label="label_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations" xlink:type="resource" xml:lang="en-US">Cash Provided by (Used in) Operating Activities, Discontinued Operations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations" xlink:title="label: CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations to label_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations" xlink:to="label_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations" xlink:type="arc"/>
    <label id="label_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations_2" xlink:label="label_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations" xlink:type="resource" xml:lang="en-US">Net cash provided by/(used in) operating activities of discontinued operations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations" xlink:title="label: CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations to label_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations" xlink:to="label_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations" xlink:label="CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations" xlink:title="CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations" xlink:type="locator"/>
    <label id="label_CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations" xlink:label="label_CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations" xlink:type="resource" xml:lang="en-US">Cash Provided by (Used in) Financing Activities, Discontinued Operations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations" xlink:title="label: CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations to label_CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations" xlink:to="label_CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations" xlink:type="arc"/>
    <label id="label_CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations_2" xlink:label="label_CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations" xlink:type="resource" xml:lang="en-US">Net cash provided by financing activities of discontinued operations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations" xlink:title="label: CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations to label_CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations" xlink:to="label_CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations" xlink:label="CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations" xlink:title="CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations" xlink:type="locator"/>
    <label id="label_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations" xlink:label="label_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations" xlink:type="resource" xml:lang="en-US">Cash Provided by (Used in) Investing Activities, Discontinued Operations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations" xlink:title="label: CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations to label_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations" xlink:to="label_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations" xlink:type="arc"/>
    <label id="label_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations_2" xlink:label="label_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations" xlink:type="resource" xml:lang="en-US">Net cash used in investing activities of discontinued operations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations" xlink:title="label: CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations to label_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations" xlink:to="label_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireEquityMethodInvestments" xlink:label="PaymentsToAcquireEquityMethodInvestments" xlink:title="PaymentsToAcquireEquityMethodInvestments" xlink:type="locator"/>
    <label id="label_PaymentsToAcquireEquityMethodInvestments" xlink:label="label_PaymentsToAcquireEquityMethodInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsToAcquireEquityMethodInvestments" xlink:type="resource" xml:lang="en-US">Payments to Acquire Equity Method Investments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireEquityMethodInvestments" xlink:title="label: PaymentsToAcquireEquityMethodInvestments to label_PaymentsToAcquireEquityMethodInvestments" xlink:to="label_PaymentsToAcquireEquityMethodInvestments" xlink:type="arc"/>
    <label id="label_PaymentsToAcquireEquityMethodInvestments_2" xlink:label="label_PaymentsToAcquireEquityMethodInvestments_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsToAcquireEquityMethodInvestments" xlink:type="resource" xml:lang="en-US">Acquisition of investments in affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireEquityMethodInvestments" xlink:title="label: PaymentsToAcquireEquityMethodInvestments to label_PaymentsToAcquireEquityMethodInvestments" xlink:to="label_PaymentsToAcquireEquityMethodInvestments_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepaymentsOfAdvancesForConstruction" xlink:label="RepaymentsOfAdvancesForConstruction" xlink:title="RepaymentsOfAdvancesForConstruction" xlink:type="locator"/>
    <label id="label_RepaymentsOfAdvancesForConstruction" xlink:label="label_RepaymentsOfAdvancesForConstruction" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepaymentsOfAdvancesForConstruction" xlink:type="resource" xml:lang="en-US">Repayments of Advances for Construction</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfAdvancesForConstruction" xlink:title="label: RepaymentsOfAdvancesForConstruction to label_RepaymentsOfAdvancesForConstruction" xlink:to="label_RepaymentsOfAdvancesForConstruction" xlink:type="arc"/>
    <label id="label_RepaymentsOfAdvancesForConstruction_2" xlink:label="label_RepaymentsOfAdvancesForConstruction_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_RepaymentsOfAdvancesForConstruction" xlink:type="resource" xml:lang="en-US">Deposits for vessels, port terminals and other fixed assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfAdvancesForConstruction" xlink:title="label: RepaymentsOfAdvancesForConstruction to label_RepaymentsOfAdvancesForConstruction" xlink:to="label_RepaymentsOfAdvancesForConstruction_2" xlink:type="arc"/>
    <label id="label_RepaymentsOfAdvancesForConstruction_3" xlink:label="label_RepaymentsOfAdvancesForConstruction_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RepaymentsOfAdvancesForConstruction" xlink:type="resource" xml:lang="en-US">Constructions in progress</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfAdvancesForConstruction" xlink:title="label: RepaymentsOfAdvancesForConstruction to label_RepaymentsOfAdvancesForConstruction" xlink:to="label_RepaymentsOfAdvancesForConstruction_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSecuredDebt" xlink:label="ProceedsFromIssuanceOfSecuredDebt" xlink:title="ProceedsFromIssuanceOfSecuredDebt" xlink:type="locator"/>
    <label id="label_ProceedsFromIssuanceOfSecuredDebt" xlink:label="label_ProceedsFromIssuanceOfSecuredDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromIssuanceOfSecuredDebt" xlink:type="resource" xml:lang="en-US">Proceeds from long-term loans</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssuanceOfSecuredDebt" xlink:title="label: ProceedsFromIssuanceOfSecuredDebt to label_ProceedsFromIssuanceOfSecuredDebt" xlink:to="label_ProceedsFromIssuanceOfSecuredDebt" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepaymentsOfLongTermLinesOfCredit" xlink:label="RepaymentsOfLongTermLinesOfCredit" xlink:title="RepaymentsOfLongTermLinesOfCredit" xlink:type="locator"/>
    <label id="label_RepaymentsOfLongTermLinesOfCredit" xlink:label="label_RepaymentsOfLongTermLinesOfCredit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepaymentsOfLongTermLinesOfCredit" xlink:type="resource" xml:lang="en-US">Repayment of long-term debt and payment of principal</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfLongTermLinesOfCredit" xlink:title="label: RepaymentsOfLongTermLinesOfCredit to label_RepaymentsOfLongTermLinesOfCredit" xlink:to="label_RepaymentsOfLongTermLinesOfCredit" xlink:type="arc"/>
    <label id="label_RepaymentsOfLongTermLinesOfCredit_2" xlink:label="label_RepaymentsOfLongTermLinesOfCredit_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_RepaymentsOfLongTermLinesOfCredit" xlink:type="resource" xml:lang="en-US">Repayment of long-term debt and payment of principal</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfLongTermLinesOfCredit" xlink:title="label: RepaymentsOfLongTermLinesOfCredit to label_RepaymentsOfLongTermLinesOfCredit" xlink:to="label_RepaymentsOfLongTermLinesOfCredit_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableTrade" xlink:label="IncreaseDecreaseInAccountsPayableTrade" xlink:title="IncreaseDecreaseInAccountsPayableTrade" xlink:type="locator"/>
    <label id="label_IncreaseDecreaseInAccountsPayableTrade" xlink:label="label_IncreaseDecreaseInAccountsPayableTrade" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInAccountsPayableTrade" xlink:type="resource" xml:lang="en-US">Increase / Decrease in accounts payable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInAccountsPayableTrade" xlink:title="label: IncreaseDecreaseInAccountsPayableTrade to label_IncreaseDecreaseInAccountsPayableTrade" xlink:to="label_IncreaseDecreaseInAccountsPayableTrade" xlink:type="arc"/>
    <label id="label_IncreaseDecreaseInAccountsPayableTrade_2" xlink:label="label_IncreaseDecreaseInAccountsPayableTrade_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseInAccountsPayableTrade" xlink:type="resource" xml:lang="en-US">Increase/(decrease) in accounts payable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInAccountsPayableTrade" xlink:title="label: IncreaseDecreaseInAccountsPayableTrade to label_IncreaseDecreaseInAccountsPayableTrade" xlink:to="label_IncreaseDecreaseInAccountsPayableTrade_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TwoVesselsHeldAndUsedMember" xlink:label="TwoVesselsHeldAndUsedMember" xlink:title="TwoVesselsHeldAndUsedMember" xlink:type="locator"/>
    <label id="label_TwoVesselsHeldAndUsedMember" xlink:label="label_TwoVesselsHeldAndUsedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TwoVesselsHeldAndUsedMember" xlink:type="resource" xml:lang="en-US">Two Vessel Held And Used [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwoVesselsHeldAndUsedMember" xlink:title="label: TwoVesselsHeldAndUsedMember to label_TwoVesselsHeldAndUsedMember" xlink:to="label_TwoVesselsHeldAndUsedMember" xlink:type="arc"/>
    <label id="label_TwoVesselsHeldAndUsedMember_2" xlink:label="label_TwoVesselsHeldAndUsedMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TwoVesselsHeldAndUsedMember" xlink:type="resource" xml:lang="en-US">Two dry bulk vessels held and used</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwoVesselsHeldAndUsedMember" xlink:title="label: TwoVesselsHeldAndUsedMember to label_TwoVesselsHeldAndUsedMember" xlink:to="label_TwoVesselsHeldAndUsedMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OtherMember" xlink:label="OtherMember" xlink:title="OtherMember" xlink:type="locator"/>
    <label id="label_OtherMember" xlink:label="label_OtherMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherMember" xlink:type="resource" xml:lang="en-US">Other [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherMember" xlink:title="label: OtherMember to label_OtherMember" xlink:to="label_OtherMember" xlink:type="arc"/>
    <label id="label_OtherMember_2" xlink:label="label_OtherMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherMember" xlink:type="resource" xml:lang="en-US">Other</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherMember" xlink:title="label: OtherMember to label_OtherMember" xlink:to="label_OtherMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuredDebtRepurchaseAgreements" xlink:label="SecuredDebtRepurchaseAgreements" xlink:title="SecuredDebtRepurchaseAgreements" xlink:type="locator"/>
    <label id="label_SecuredDebtRepurchaseAgreements" xlink:label="label_SecuredDebtRepurchaseAgreements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SecuredDebtRepurchaseAgreements" xlink:type="resource" xml:lang="en-US">Secured Debt, Repurchase Agreements</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecuredDebtRepurchaseAgreements" xlink:title="label: SecuredDebtRepurchaseAgreements to label_SecuredDebtRepurchaseAgreements" xlink:to="label_SecuredDebtRepurchaseAgreements" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuredBorrowingsGrossDifferenceAmount" xlink:label="SecuredBorrowingsGrossDifferenceAmount" xlink:title="SecuredBorrowingsGrossDifferenceAmount" xlink:type="locator"/>
    <label id="label_SecuredBorrowingsGrossDifferenceAmount" xlink:label="label_SecuredBorrowingsGrossDifferenceAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SecuredBorrowingsGrossDifferenceAmount" xlink:type="resource" xml:lang="en-US">Secured Borrowings, Gross, Difference, Amount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecuredBorrowingsGrossDifferenceAmount" xlink:title="label: SecuredBorrowingsGrossDifferenceAmount to label_SecuredBorrowingsGrossDifferenceAmount" xlink:to="label_SecuredBorrowingsGrossDifferenceAmount" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AnnualIncreaseInManagementFeePercent" xlink:label="AnnualIncreaseInManagementFeePercent" xlink:title="AnnualIncreaseInManagementFeePercent" xlink:type="locator"/>
    <label id="label_AnnualIncreaseInManagementFeePercent" xlink:label="label_AnnualIncreaseInManagementFeePercent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AnnualIncreaseInManagementFeePercent" xlink:type="resource" xml:lang="en-US">Annual Increase In Management Fee Percent</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AnnualIncreaseInManagementFeePercent" xlink:title="label: AnnualIncreaseInManagementFeePercent to label_AnnualIncreaseInManagementFeePercent" xlink:to="label_AnnualIncreaseInManagementFeePercent" xlink:type="arc"/>
    <label id="label_AnnualIncreaseInManagementFeePercent_2" xlink:label="label_AnnualIncreaseInManagementFeePercent_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AnnualIncreaseInManagementFeePercent" xlink:type="resource" xml:lang="en-US">The rate of annual increase in management fees, based on the management agreement.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AnnualIncreaseInManagementFeePercent" xlink:title="label: AnnualIncreaseInManagementFeePercent to label_AnnualIncreaseInManagementFeePercent" xlink:to="label_AnnualIncreaseInManagementFeePercent_2" xlink:type="arc"/>
    <label id="label_AnnualIncreaseInManagementFeePercent_3" xlink:label="label_AnnualIncreaseInManagementFeePercent_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AnnualIncreaseInManagementFeePercent" xlink:type="resource" xml:lang="en-US">Rate of annual increase in management fees</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AnnualIncreaseInManagementFeePercent" xlink:title="label: AnnualIncreaseInManagementFeePercent to label_AnnualIncreaseInManagementFeePercent" xlink:to="label_AnnualIncreaseInManagementFeePercent_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AfterTwoYearsMember" xlink:label="AfterTwoYearsMember" xlink:title="AfterTwoYearsMember" xlink:type="locator"/>
    <label id="label_AfterTwoYearsMember" xlink:label="label_AfterTwoYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AfterTwoYearsMember" xlink:type="resource" xml:lang="en-US">After Two Years [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AfterTwoYearsMember" xlink:title="label: AfterTwoYearsMember to label_AfterTwoYearsMember" xlink:to="label_AfterTwoYearsMember" xlink:type="arc"/>
    <label id="label_AfterTwoYearsMember_2" xlink:label="label_AfterTwoYearsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AfterTwoYearsMember" xlink:type="resource" xml:lang="en-US">After two years</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AfterTwoYearsMember" xlink:title="label: AfterTwoYearsMember to label_AfterTwoYearsMember" xlink:to="label_AfterTwoYearsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RondineManagementCorpMember" xlink:label="RondineManagementCorpMember" xlink:title="RondineManagementCorpMember" xlink:type="locator"/>
    <label id="label_RondineManagementCorpMember" xlink:label="label_RondineManagementCorpMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RondineManagementCorpMember" xlink:type="resource" xml:lang="en-US">Rondine Management Corp [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RondineManagementCorpMember" xlink:title="label: RondineManagementCorpMember to label_RondineManagementCorpMember" xlink:to="label_RondineManagementCorpMember" xlink:type="arc"/>
    <label id="label_RondineManagementCorpMember_2" xlink:label="label_RondineManagementCorpMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RondineManagementCorpMember" xlink:type="resource" xml:lang="en-US">Rondine Management Corp.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RondineManagementCorpMember" xlink:title="label: RondineManagementCorpMember to label_RondineManagementCorpMember" xlink:to="label_RondineManagementCorpMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_VernazzaShiptradeIncMember" xlink:label="VernazzaShiptradeIncMember" xlink:title="VernazzaShiptradeIncMember" xlink:type="locator"/>
    <label id="label_VernazzaShiptradeIncMember" xlink:label="label_VernazzaShiptradeIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VernazzaShiptradeIncMember" xlink:type="resource" xml:lang="en-US">Vernazza Shiptrade Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VernazzaShiptradeIncMember" xlink:title="label: VernazzaShiptradeIncMember to label_VernazzaShiptradeIncMember" xlink:to="label_VernazzaShiptradeIncMember" xlink:type="arc"/>
    <label id="label_VernazzaShiptradeIncMember_2" xlink:label="label_VernazzaShiptradeIncMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VernazzaShiptradeIncMember" xlink:type="resource" xml:lang="en-US">Vernazza Shiptrade Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VernazzaShiptradeIncMember" xlink:title="label: VernazzaShiptradeIncMember to label_VernazzaShiptradeIncMember" xlink:to="label_VernazzaShiptradeIncMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosCorporationManagementIncMember" xlink:label="NaviosCorporationManagementIncMember" xlink:title="NaviosCorporationManagementIncMember" xlink:type="locator"/>
    <label id="label_NaviosCorporationManagementIncMember" xlink:label="label_NaviosCorporationManagementIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosCorporationManagementIncMember" xlink:type="resource" xml:lang="en-US">Navios Corporation Management Inc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosCorporationManagementIncMember" xlink:title="label: NaviosCorporationManagementIncMember to label_NaviosCorporationManagementIncMember" xlink:to="label_NaviosCorporationManagementIncMember" xlink:type="arc"/>
    <label id="label_NaviosCorporationManagementIncMember_2" xlink:label="label_NaviosCorporationManagementIncMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosCorporationManagementIncMember" xlink:type="resource" xml:lang="en-US">Navios Corporation Management Inc.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosCorporationManagementIncMember" xlink:title="label: NaviosCorporationManagementIncMember to label_NaviosCorporationManagementIncMember" xlink:to="label_NaviosCorporationManagementIncMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosCoraliMember" xlink:label="NaviosCoraliMember" xlink:title="NaviosCoraliMember" xlink:type="locator"/>
    <label id="label_NaviosCoraliMember" xlink:label="label_NaviosCoraliMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosCoraliMember" xlink:type="resource" xml:lang="en-US">Navios Corali [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosCoraliMember" xlink:title="label: NaviosCoraliMember to label_NaviosCoraliMember" xlink:to="label_NaviosCoraliMember" xlink:type="arc"/>
    <label id="label_NaviosCoraliMember_2" xlink:label="label_NaviosCoraliMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosCoraliMember" xlink:type="resource" xml:lang="en-US">Navios Corali</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosCoraliMember" xlink:title="label: NaviosCoraliMember to label_NaviosCoraliMember" xlink:to="label_NaviosCoraliMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosKyprosMember" xlink:label="NaviosKyprosMember" xlink:title="NaviosKyprosMember" xlink:type="locator"/>
    <label id="label_NaviosKyprosMember" xlink:label="label_NaviosKyprosMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosKyprosMember" xlink:type="resource" xml:lang="en-US">Navios Kypros [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosKyprosMember" xlink:title="label: NaviosKyprosMember to label_NaviosKyprosMember" xlink:to="label_NaviosKyprosMember" xlink:type="arc"/>
    <label id="label_NaviosKyprosMember_2" xlink:label="label_NaviosKyprosMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosKyprosMember" xlink:type="resource" xml:lang="en-US">Navios Kypros</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosKyprosMember" xlink:title="label: NaviosKyprosMember to label_NaviosKyprosMember" xlink:to="label_NaviosKyprosMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DreamCanaryMember" xlink:label="DreamCanaryMember" xlink:title="DreamCanaryMember" xlink:type="locator"/>
    <label id="label_DreamCanaryMember" xlink:label="label_DreamCanaryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DreamCanaryMember" xlink:type="resource" xml:lang="en-US">Dream Canary [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DreamCanaryMember" xlink:title="label: DreamCanaryMember to label_DreamCanaryMember" xlink:to="label_DreamCanaryMember" xlink:type="arc"/>
    <label id="label_DreamCanaryMember_2" xlink:label="label_DreamCanaryMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DreamCanaryMember" xlink:type="resource" xml:lang="en-US">Dream Canary</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DreamCanaryMember" xlink:title="label: DreamCanaryMember to label_DreamCanaryMember" xlink:to="label_DreamCanaryMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosStarMember" xlink:label="NaviosStarMember" xlink:title="NaviosStarMember" xlink:type="locator"/>
    <label id="label_NaviosStarMember" xlink:label="label_NaviosStarMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosStarMember" xlink:type="resource" xml:lang="en-US">Navios Star [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosStarMember" xlink:title="label: NaviosStarMember to label_NaviosStarMember" xlink:to="label_NaviosStarMember" xlink:type="arc"/>
    <label id="label_NaviosStarMember_2" xlink:label="label_NaviosStarMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosStarMember" xlink:type="resource" xml:lang="en-US">Navios Star</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosStarMember" xlink:title="label: NaviosStarMember to label_NaviosStarMember" xlink:to="label_NaviosStarMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation" xlink:label="NoncontrollingInterestDecreaseFromDeconsolidation" xlink:title="NoncontrollingInterestDecreaseFromDeconsolidation" xlink:type="locator"/>
    <label id="label_NoncontrollingInterestDecreaseFromDeconsolidation" xlink:label="label_NoncontrollingInterestDecreaseFromDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestDecreaseFromDeconsolidation" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest, Decrease from Deconsolidation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestDecreaseFromDeconsolidation" xlink:title="label: NoncontrollingInterestDecreaseFromDeconsolidation to label_NoncontrollingInterestDecreaseFromDeconsolidation" xlink:to="label_NoncontrollingInterestDecreaseFromDeconsolidation" xlink:type="arc"/>
    <label id="label_NoncontrollingInterestDecreaseFromDeconsolidation_2" xlink:label="label_NoncontrollingInterestDecreaseFromDeconsolidation_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingInterestDecreaseFromDeconsolidation" xlink:type="resource" xml:lang="en-US">Navios Containers deconsolidation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestDecreaseFromDeconsolidation" xlink:title="label: NoncontrollingInterestDecreaseFromDeconsolidation to label_NoncontrollingInterestDecreaseFromDeconsolidation" xlink:to="label_NoncontrollingInterestDecreaseFromDeconsolidation_2" xlink:type="arc"/>
    <label id="label_NoncontrollingInterestDecreaseFromDeconsolidation_3" xlink:label="label_NoncontrollingInterestDecreaseFromDeconsolidation_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_NoncontrollingInterestDecreaseFromDeconsolidation" xlink:type="resource" xml:lang="en-US">Navios Containers deconsolidation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestDecreaseFromDeconsolidation" xlink:title="label: NoncontrollingInterestDecreaseFromDeconsolidation to label_NoncontrollingInterestDecreaseFromDeconsolidation" xlink:to="label_NoncontrollingInterestDecreaseFromDeconsolidation_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:label="OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:title="OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:type="locator"/>
    <label id="label_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:label="label_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:type="resource" xml:lang="en-US">Operating Lease Weighted Average Remaining Lease Term1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:title="label: OperatingLeaseWeightedAverageRemainingLeaseTerm1 to label_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:to="label_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:type="arc"/>
    <label id="label_OperatingLeaseWeightedAverageRemainingLeaseTerm1_2" xlink:label="label_OperatingLeaseWeightedAverageRemainingLeaseTerm1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:type="resource" xml:lang="en-US">Weighted average remaining lease term</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:title="label: OperatingLeaseWeightedAverageRemainingLeaseTerm1 to label_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:to="label_OperatingLeaseWeightedAverageRemainingLeaseTerm1_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:label="RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:title="RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:type="locator"/>
    <label id="label_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:label="label_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:type="resource" xml:lang="en-US">Right Of Use Asset Obtained In Exchange For Operating Lease Liability</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:title="label: RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability to label_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:to="label_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:type="arc"/>
    <label id="label_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_2" xlink:label="label_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:type="resource" xml:lang="en-US">Operating lease assets adjustment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:title="label: RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability to label_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:to="label_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:label="OperatingLeaseWeightedAverageDiscountRatePercent" xlink:title="OperatingLeaseWeightedAverageDiscountRatePercent" xlink:type="locator"/>
    <label id="label_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:label="label_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:type="resource" xml:lang="en-US">Operating Lease Weighted Average Discount Rate Percent</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeaseWeightedAverageDiscountRatePercent" xlink:title="label: OperatingLeaseWeightedAverageDiscountRatePercent to label_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:to="label_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:type="arc"/>
    <label id="label_OperatingLeaseWeightedAverageDiscountRatePercent_2" xlink:label="label_OperatingLeaseWeightedAverageDiscountRatePercent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:type="resource" xml:lang="en-US">Operating lease discount rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeaseWeightedAverageDiscountRatePercent" xlink:title="label: OperatingLeaseWeightedAverageDiscountRatePercent to label_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:to="label_OperatingLeaseWeightedAverageDiscountRatePercent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LandMember" xlink:label="LandMember" xlink:title="LandMember" xlink:type="locator"/>
    <label id="label_LandMember" xlink:label="label_LandMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LandMember" xlink:type="resource" xml:lang="en-US">Land [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LandMember" xlink:title="label: LandMember to label_LandMember" xlink:to="label_LandMember" xlink:type="arc"/>
    <label id="label_LandMember_2" xlink:label="label_LandMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LandMember" xlink:type="resource" xml:lang="en-US">Land leases</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LandMember" xlink:title="label: LandMember to label_LandMember" xlink:to="label_LandMember_2" xlink:type="arc"/>
    <label id="label_LandMember_3" xlink:label="label_LandMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LandMember" xlink:type="resource" xml:lang="en-US">Land lease agreements</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LandMember" xlink:title="label: LandMember to label_LandMember" xlink:to="label_LandMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DecreaseInOperatingLeaseLiabilityCurrent" xlink:label="DecreaseInOperatingLeaseLiabilityCurrent" xlink:title="DecreaseInOperatingLeaseLiabilityCurrent" xlink:type="locator"/>
    <label id="label_DecreaseInOperatingLeaseLiabilityCurrent" xlink:label="label_DecreaseInOperatingLeaseLiabilityCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DecreaseInOperatingLeaseLiabilityCurrent" xlink:type="resource" xml:lang="en-US">Decrease In Operating Lease Liability Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseInOperatingLeaseLiabilityCurrent" xlink:title="label: DecreaseInOperatingLeaseLiabilityCurrent to label_DecreaseInOperatingLeaseLiabilityCurrent" xlink:to="label_DecreaseInOperatingLeaseLiabilityCurrent" xlink:type="arc"/>
    <label id="label_DecreaseInOperatingLeaseLiabilityCurrent_2" xlink:label="label_DecreaseInOperatingLeaseLiabilityCurrent_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DecreaseInOperatingLeaseLiabilityCurrent" xlink:type="resource" xml:lang="en-US">Decrease in the present value of lessee's discounted obligation for lease payments from operating lease, classified as current.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseInOperatingLeaseLiabilityCurrent" xlink:title="label: DecreaseInOperatingLeaseLiabilityCurrent to label_DecreaseInOperatingLeaseLiabilityCurrent" xlink:to="label_DecreaseInOperatingLeaseLiabilityCurrent_2" xlink:type="arc"/>
    <label id="label_DecreaseInOperatingLeaseLiabilityCurrent_3" xlink:label="label_DecreaseInOperatingLeaseLiabilityCurrent_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DecreaseInOperatingLeaseLiabilityCurrent" xlink:type="resource" xml:lang="en-US">Operating lease liabilities, current portion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseInOperatingLeaseLiabilityCurrent" xlink:title="label: DecreaseInOperatingLeaseLiabilityCurrent to label_DecreaseInOperatingLeaseLiabilityCurrent" xlink:to="label_DecreaseInOperatingLeaseLiabilityCurrent_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseExpense" xlink:label="OperatingLeaseExpense" xlink:title="OperatingLeaseExpense" xlink:type="locator"/>
    <label id="label_OperatingLeaseExpense" xlink:label="label_OperatingLeaseExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeaseExpense" xlink:type="resource" xml:lang="en-US">Operating Lease Expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeaseExpense" xlink:title="label: OperatingLeaseExpense to label_OperatingLeaseExpense" xlink:to="label_OperatingLeaseExpense" xlink:type="arc"/>
    <label id="label_OperatingLeaseExpense_2" xlink:label="label_OperatingLeaseExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeaseExpense" xlink:type="resource" xml:lang="en-US">Lease expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeaseExpense" xlink:title="label: OperatingLeaseExpense to label_OperatingLeaseExpense" xlink:to="label_OperatingLeaseExpense_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EnergiasRenovablesDelSurSAMember" xlink:label="EnergiasRenovablesDelSurSAMember" xlink:title="EnergiasRenovablesDelSurSAMember" xlink:type="locator"/>
    <label id="label_EnergiasRenovablesDelSurSAMember" xlink:label="label_EnergiasRenovablesDelSurSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EnergiasRenovablesDelSurSAMember" xlink:type="resource" xml:lang="en-US">Energias Renovables Del Sur SA [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EnergiasRenovablesDelSurSAMember" xlink:title="label: EnergiasRenovablesDelSurSAMember to label_EnergiasRenovablesDelSurSAMember" xlink:to="label_EnergiasRenovablesDelSurSAMember" xlink:type="arc"/>
    <label id="label_EnergiasRenovablesDelSurSAMember_2" xlink:label="label_EnergiasRenovablesDelSurSAMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EnergiasRenovablesDelSurSAMember" xlink:type="resource" xml:lang="en-US">Energias Renovables del Sur S.A.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EnergiasRenovablesDelSurSAMember" xlink:title="label: EnergiasRenovablesDelSurSAMember to label_EnergiasRenovablesDelSurSAMember" xlink:to="label_EnergiasRenovablesDelSurSAMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SixLiquidBargesMember" xlink:label="SixLiquidBargesMember" xlink:title="SixLiquidBargesMember" xlink:type="locator"/>
    <label id="label_SixLiquidBargesMember" xlink:label="label_SixLiquidBargesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SixLiquidBargesMember" xlink:type="resource" xml:lang="en-US">Six Liquid Barges [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SixLiquidBargesMember" xlink:title="label: SixLiquidBargesMember to label_SixLiquidBargesMember" xlink:to="label_SixLiquidBargesMember" xlink:type="arc"/>
    <label id="label_SixLiquidBargesMember_2" xlink:label="label_SixLiquidBargesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SixLiquidBargesMember" xlink:type="resource" xml:lang="en-US">Construction of six liquid barges</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SixLiquidBargesMember" xlink:title="label: SixLiquidBargesMember to label_SixLiquidBargesMember" xlink:to="label_SixLiquidBargesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SecuredMaximumBorrowingCapacityAsPercentageOfContruactualObligation" xlink:label="SecuredMaximumBorrowingCapacityAsPercentageOfContruactualObligation" xlink:title="SecuredMaximumBorrowingCapacityAsPercentageOfContruactualObligation" xlink:type="locator"/>
    <label id="label_SecuredMaximumBorrowingCapacityAsPercentageOfContruactualObligation" xlink:label="label_SecuredMaximumBorrowingCapacityAsPercentageOfContruactualObligation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SecuredMaximumBorrowingCapacityAsPercentageOfContruactualObligation" xlink:type="resource" xml:lang="en-US">The percentage of the purchase price that is secured by long term debt.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecuredMaximumBorrowingCapacityAsPercentageOfContruactualObligation" xlink:title="label: SecuredMaximumBorrowingCapacityAsPercentageOfContruactualObligation to label_SecuredMaximumBorrowingCapacityAsPercentageOfContruactualObligation" xlink:to="label_SecuredMaximumBorrowingCapacityAsPercentageOfContruactualObligation" xlink:type="arc"/>
    <label id="label_SecuredMaximumBorrowingCapacityAsPercentageOfContruactualObligation_2" xlink:label="label_SecuredMaximumBorrowingCapacityAsPercentageOfContruactualObligation_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SecuredMaximumBorrowingCapacityAsPercentageOfContruactualObligation" xlink:type="resource" xml:lang="en-US">Secured credit of purchase price</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecuredMaximumBorrowingCapacityAsPercentageOfContruactualObligation" xlink:title="label: SecuredMaximumBorrowingCapacityAsPercentageOfContruactualObligation to label_SecuredMaximumBorrowingCapacityAsPercentageOfContruactualObligation" xlink:to="label_SecuredMaximumBorrowingCapacityAsPercentageOfContruactualObligation_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosHiosMember" xlink:label="NaviosHiosMember" xlink:title="NaviosHiosMember" xlink:type="locator"/>
    <label id="label_NaviosHiosMember" xlink:label="label_NaviosHiosMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosHiosMember" xlink:type="resource" xml:lang="en-US">Navios Hios [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHiosMember" xlink:title="label: NaviosHiosMember to label_NaviosHiosMember" xlink:to="label_NaviosHiosMember" xlink:type="arc"/>
    <label id="label_NaviosHiosMember_2" xlink:label="label_NaviosHiosMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosHiosMember" xlink:type="resource" xml:lang="en-US">Navios Hios</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosHiosMember" xlink:title="label: NaviosHiosMember to label_NaviosHiosMember" xlink:to="label_NaviosHiosMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosMercatorMember" xlink:label="NaviosMercatorMember" xlink:title="NaviosMercatorMember" xlink:type="locator"/>
    <label id="label_NaviosMercatorMember" xlink:label="label_NaviosMercatorMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosMercatorMember" xlink:type="resource" xml:lang="en-US">Navios Mercator [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMercatorMember" xlink:title="label: NaviosMercatorMember to label_NaviosMercatorMember" xlink:to="label_NaviosMercatorMember" xlink:type="arc"/>
    <label id="label_NaviosMercatorMember_2" xlink:label="label_NaviosMercatorMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosMercatorMember" xlink:type="resource" xml:lang="en-US">Navios Mercator</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosMercatorMember" xlink:title="label: NaviosMercatorMember to label_NaviosMercatorMember" xlink:to="label_NaviosMercatorMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosArcMember" xlink:label="NaviosArcMember" xlink:title="NaviosArcMember" xlink:type="locator"/>
    <label id="label_NaviosArcMember" xlink:label="label_NaviosArcMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosArcMember" xlink:type="resource" xml:lang="en-US">Navios Arc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosArcMember" xlink:title="label: NaviosArcMember to label_NaviosArcMember" xlink:to="label_NaviosArcMember" xlink:type="arc"/>
    <label id="label_NaviosArcMember_2" xlink:label="label_NaviosArcMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosArcMember" xlink:type="resource" xml:lang="en-US">Navios Arc</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosArcMember" xlink:title="label: NaviosArcMember to label_NaviosArcMember" xlink:to="label_NaviosArcMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosVectorMember" xlink:label="NaviosVectorMember" xlink:title="NaviosVectorMember" xlink:type="locator"/>
    <label id="label_NaviosVectorMember" xlink:label="label_NaviosVectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosVectorMember" xlink:type="resource" xml:lang="en-US">Navios Vector [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosVectorMember" xlink:title="label: NaviosVectorMember to label_NaviosVectorMember" xlink:to="label_NaviosVectorMember" xlink:type="arc"/>
    <label id="label_NaviosVectorMember_2" xlink:label="label_NaviosVectorMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosVectorMember" xlink:type="resource" xml:lang="en-US">Navios Vector</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosVectorMember" xlink:title="label: NaviosVectorMember to label_NaviosVectorMember" xlink:to="label_NaviosVectorMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges" xlink:label="GainLossOnSalesOfAssetsAndAssetImpairmentCharges" xlink:title="GainLossOnSalesOfAssetsAndAssetImpairmentCharges" xlink:type="locator"/>
    <label id="label_GainLossOnSalesOfAssetsAndAssetImpairmentCharges" xlink:label="label_GainLossOnSalesOfAssetsAndAssetImpairmentCharges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainLossOnSalesOfAssetsAndAssetImpairmentCharges" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Sale of Assets and Asset Impairment Charges</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossOnSalesOfAssetsAndAssetImpairmentCharges" xlink:title="label: GainLossOnSalesOfAssetsAndAssetImpairmentCharges to label_GainLossOnSalesOfAssetsAndAssetImpairmentCharges" xlink:to="label_GainLossOnSalesOfAssetsAndAssetImpairmentCharges" xlink:type="arc"/>
    <label id="label_GainLossOnSalesOfAssetsAndAssetImpairmentCharges_2" xlink:label="label_GainLossOnSalesOfAssetsAndAssetImpairmentCharges_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainLossOnSalesOfAssetsAndAssetImpairmentCharges" xlink:type="resource" xml:lang="en-US">Impairment loss and gain/(loss) on sale of vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossOnSalesOfAssetsAndAssetImpairmentCharges" xlink:title="label: GainLossOnSalesOfAssetsAndAssetImpairmentCharges to label_GainLossOnSalesOfAssetsAndAssetImpairmentCharges" xlink:to="label_GainLossOnSalesOfAssetsAndAssetImpairmentCharges_2" xlink:type="arc"/>
    <label id="label_GainLossOnSalesOfAssetsAndAssetImpairmentCharges_3" xlink:label="label_GainLossOnSalesOfAssetsAndAssetImpairmentCharges_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_GainLossOnSalesOfAssetsAndAssetImpairmentCharges" xlink:type="resource" xml:lang="en-US">Impairment loss/ loss on sale of vessels, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossOnSalesOfAssetsAndAssetImpairmentCharges" xlink:title="label: GainLossOnSalesOfAssetsAndAssetImpairmentCharges to label_GainLossOnSalesOfAssetsAndAssetImpairmentCharges" xlink:to="label_GainLossOnSalesOfAssetsAndAssetImpairmentCharges_3" xlink:type="arc"/>
    <label id="label_GainLossOnSalesOfAssetsAndAssetImpairmentCharges_4" xlink:label="label_GainLossOnSalesOfAssetsAndAssetImpairmentCharges_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_GainLossOnSalesOfAssetsAndAssetImpairmentCharges" xlink:type="resource" xml:lang="en-US">Impairment loss/ loss on sale of vessels, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossOnSalesOfAssetsAndAssetImpairmentCharges" xlink:title="label: GainLossOnSalesOfAssetsAndAssetImpairmentCharges to label_GainLossOnSalesOfAssetsAndAssetImpairmentCharges" xlink:to="label_GainLossOnSalesOfAssetsAndAssetImpairmentCharges_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosVictoryMember" xlink:label="NaviosVictoryMember" xlink:title="NaviosVictoryMember" xlink:type="locator"/>
    <label id="label_NaviosVictoryMember" xlink:label="label_NaviosVictoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosVictoryMember" xlink:type="resource" xml:lang="en-US">Navios Victory [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosVictoryMember" xlink:title="label: NaviosVictoryMember to label_NaviosVictoryMember" xlink:to="label_NaviosVictoryMember" xlink:type="arc"/>
    <label id="label_NaviosVictoryMember_2" xlink:label="label_NaviosVictoryMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosVictoryMember" xlink:type="resource" xml:lang="en-US">Navios Victory</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosVictoryMember" xlink:title="label: NaviosVictoryMember to label_NaviosVictoryMember" xlink:to="label_NaviosVictoryMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TenYearsAfterTheIssuanceDateMember" xlink:label="TenYearsAfterTheIssuanceDateMember" xlink:title="TenYearsAfterTheIssuanceDateMember" xlink:type="locator"/>
    <label id="label_TenYearsAfterTheIssuanceDateMember" xlink:label="label_TenYearsAfterTheIssuanceDateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenYearsAfterTheIssuanceDateMember" xlink:type="resource" xml:lang="en-US">Ten Years After The Issuance Date [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenYearsAfterTheIssuanceDateMember" xlink:title="label: TenYearsAfterTheIssuanceDateMember to label_TenYearsAfterTheIssuanceDateMember" xlink:to="label_TenYearsAfterTheIssuanceDateMember" xlink:type="arc"/>
    <label id="label_TenYearsAfterTheIssuanceDateMember_2" xlink:label="label_TenYearsAfterTheIssuanceDateMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TenYearsAfterTheIssuanceDateMember" xlink:type="resource" xml:lang="en-US">10 years after the issuance date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenYearsAfterTheIssuanceDateMember" xlink:title="label: TenYearsAfterTheIssuanceDateMember to label_TenYearsAfterTheIssuanceDateMember" xlink:to="label_TenYearsAfterTheIssuanceDateMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TenderOfferCosts" xlink:label="TenderOfferCosts" xlink:title="TenderOfferCosts" xlink:type="locator"/>
    <label id="label_TenderOfferCosts" xlink:label="label_TenderOfferCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenderOfferCosts" xlink:type="resource" xml:lang="en-US">Tender Offer Costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenderOfferCosts" xlink:title="label: TenderOfferCosts to label_TenderOfferCosts" xlink:to="label_TenderOfferCosts" xlink:type="arc"/>
    <label id="label_TenderOfferCosts_2" xlink:label="label_TenderOfferCosts_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TenderOfferCosts" xlink:type="resource" xml:lang="en-US">Tender offer expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenderOfferCosts" xlink:title="label: TenderOfferCosts to label_TenderOfferCosts" xlink:to="label_TenderOfferCosts_2" xlink:type="arc"/>
    <label id="label_TenderOfferCosts_3" xlink:label="label_TenderOfferCosts_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TenderOfferCosts" xlink:type="resource" xml:lang="en-US">Costs incurred in connection with the tender offer.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenderOfferCosts" xlink:title="label: TenderOfferCosts to label_TenderOfferCosts" xlink:to="label_TenderOfferCosts_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesIssued1" xlink:label="NotesIssued1" xlink:title="NotesIssued1" xlink:type="locator"/>
    <label id="label_NotesIssued1" xlink:label="label_NotesIssued1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesIssued1" xlink:type="resource" xml:lang="en-US">Notes Issued1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesIssued1" xlink:title="label: NotesIssued1 to label_NotesIssued1" xlink:to="label_NotesIssued1" xlink:type="arc"/>
    <label id="label_NotesIssued1_2" xlink:label="label_NotesIssued1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotesIssued1" xlink:type="resource" xml:lang="en-US">2024 Notes issued</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesIssued1" xlink:title="label: NotesIssued1 to label_NotesIssued1" xlink:to="label_NotesIssued1_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FollowingTheConversionOf1980SharesMember" xlink:label="FollowingTheConversionOf1980Shares" xlink:title="FollowingTheConversionOf1980Shares" xlink:type="locator"/>
    <label id="label_FollowingTheConversionOf1980Shares" xlink:label="label_FollowingTheConversionOf1980Shares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FollowingTheConversionOf1980Shares" xlink:type="resource" xml:lang="en-US">Following The Conversion Of 1980 Shares [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FollowingTheConversionOf1980Shares" xlink:title="label: FollowingTheConversionOf1980Shares to label_FollowingTheConversionOf1980Shares" xlink:to="label_FollowingTheConversionOf1980Shares" xlink:type="arc"/>
    <label id="label_FollowingTheConversionOf1980SharesMember" xlink:label="label_FollowingTheConversionOf1980SharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FollowingTheConversionOf1980SharesMember" xlink:type="resource" xml:lang="en-US">Following the conversion of 1,980 shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FollowingTheConversionOf1980Shares" xlink:title="label: FollowingTheConversionOf1980SharesMember to label_FollowingTheConversionOf1980SharesMember" xlink:to="label_FollowingTheConversionOf1980SharesMember" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FollowingTheConversionOf1309SharesMember" xlink:label="FollowingTheConversionOf1309SharesMember" xlink:title="FollowingTheConversionOf1309SharesMember" xlink:type="locator"/>
    <label id="label_FollowingTheConversionOf1309SharesMember" xlink:label="label_FollowingTheConversionOf1309SharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FollowingTheConversionOf1309SharesMember" xlink:type="resource" xml:lang="en-US">Following The Conversion Of 1309 Shares [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FollowingTheConversionOf1309SharesMember" xlink:title="label: FollowingTheConversionOf1309SharesMember to label_FollowingTheConversionOf1309SharesMember" xlink:to="label_FollowingTheConversionOf1309SharesMember" xlink:type="arc"/>
    <label id="label_FollowingTheConversionOf1309SharesMember_2" xlink:label="label_FollowingTheConversionOf1309SharesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FollowingTheConversionOf1309SharesMember" xlink:type="resource" xml:lang="en-US">Following the conversion of 1,309 shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FollowingTheConversionOf1309SharesMember" xlink:title="label: FollowingTheConversionOf1309SharesMember to label_FollowingTheConversionOf1309SharesMember" xlink:to="label_FollowingTheConversionOf1309SharesMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromContributionsFromAffiliates" xlink:label="ProceedsFromContributionsFromAffiliates" xlink:title="ProceedsFromContributionsFromAffiliates" xlink:type="locator"/>
    <label id="label_ProceedsFromContributionsFromAffiliates" xlink:label="label_ProceedsFromContributionsFromAffiliates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromContributionsFromAffiliates" xlink:type="resource" xml:lang="en-US">Proceeds from transfer of rights to affiliate company</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromContributionsFromAffiliates" xlink:title="label: ProceedsFromContributionsFromAffiliates to label_ProceedsFromContributionsFromAffiliates" xlink:to="label_ProceedsFromContributionsFromAffiliates" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesAssumed1" xlink:label="LiabilitiesAssumed1" xlink:title="LiabilitiesAssumed1" xlink:type="locator"/>
    <label id="label_LiabilitiesAssumed1" xlink:label="label_LiabilitiesAssumed1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesAssumed1" xlink:type="resource" xml:lang="en-US">Loans payable to affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesAssumed1" xlink:title="label: LiabilitiesAssumed1 to label_LiabilitiesAssumed1" xlink:to="label_LiabilitiesAssumed1" xlink:type="arc"/>
    <label id="label_LiabilitiesAssumed1_2" xlink:label="label_LiabilitiesAssumed1_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_LiabilitiesAssumed1" xlink:type="resource" xml:lang="en-US">Loan payable to NSM assumed</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesAssumed1" xlink:title="label: LiabilitiesAssumed1 to label_LiabilitiesAssumed1" xlink:to="label_LiabilitiesAssumed1_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssued1" xlink:label="StockIssued1" xlink:title="StockIssued1" xlink:type="locator"/>
    <label id="label_StockIssued1" xlink:label="label_StockIssued1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssued1" xlink:type="resource" xml:lang="en-US">Long-term payable to affiliate company</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssued1" xlink:title="label: StockIssued1 to label_StockIssued1" xlink:to="label_StockIssued1" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsForCapitalImprovements" xlink:label="PaymentsForCapitalImprovements" xlink:title="PaymentsForCapitalImprovements" xlink:type="locator"/>
    <label id="label_PaymentsForCapitalImprovements" xlink:label="label_PaymentsForCapitalImprovements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsForCapitalImprovements" xlink:type="resource" xml:lang="en-US">Acquisition of/additions to vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForCapitalImprovements" xlink:title="label: PaymentsForCapitalImprovements to label_PaymentsForCapitalImprovements" xlink:to="label_PaymentsForCapitalImprovements" xlink:type="arc"/>
    <label id="label_PaymentsForCapitalImprovements_2" xlink:label="label_PaymentsForCapitalImprovements_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsForCapitalImprovements" xlink:type="resource" xml:lang="en-US">Acquisition of/additions to vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForCapitalImprovements" xlink:title="label: PaymentsForCapitalImprovements to label_PaymentsForCapitalImprovements" xlink:to="label_PaymentsForCapitalImprovements_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_HamburgCommercialBankMember" xlink:label="HamburgCommercialBankMember" xlink:title="HamburgCommercialBankMember" xlink:type="locator"/>
    <label id="label_HamburgCommercialBankMember" xlink:label="label_HamburgCommercialBankMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HamburgCommercialBankMember" xlink:type="resource" xml:lang="en-US">Hamburg Commercial Bank</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HamburgCommercialBankMember" xlink:title="label: HamburgCommercialBankMember to label_HamburgCommercialBankMember" xlink:to="label_HamburgCommercialBankMember" xlink:type="arc"/>
    <label id="label_HamburgCommercialBankMember_2" xlink:label="label_HamburgCommercialBankMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HamburgCommercialBankMember" xlink:type="resource" xml:lang="en-US">Hamburg Commercial Bank AG ($15,300) to partially refinance the 4th tranche of the Commerzbank facility</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HamburgCommercialBankMember" xlink:title="label: HamburgCommercialBankMember to label_HamburgCommercialBankMember" xlink:to="label_HamburgCommercialBankMember_2" xlink:type="arc"/>
    <label id="label_HamburgCommercialBankMember_3" xlink:label="label_HamburgCommercialBankMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_HamburgCommercialBankMember" xlink:type="resource" xml:lang="en-US">Loan Facility HCOB ($15,300)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HamburgCommercialBankMember" xlink:title="label: HamburgCommercialBankMember to label_HamburgCommercialBankMember" xlink:to="label_HamburgCommercialBankMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ShipMortgageSeniorNotesIMember" xlink:label="ShipMortgageSeniorNotesIMember" xlink:title="ShipMortgageSeniorNotesIMember" xlink:type="locator"/>
    <label id="label_ShipMortgageSeniorNotesIMember" xlink:label="label_ShipMortgageSeniorNotesIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShipMortgageSeniorNotesIMember" xlink:type="resource" xml:lang="en-US">Ship Mortgage Senior Notes I [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShipMortgageSeniorNotesIMember" xlink:title="label: ShipMortgageSeniorNotesIMember to label_ShipMortgageSeniorNotesIMember" xlink:to="label_ShipMortgageSeniorNotesIMember" xlink:type="arc"/>
    <label id="label_ShipMortgageSeniorNotesIMember_2" xlink:label="label_ShipMortgageSeniorNotesIMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShipMortgageSeniorNotesIMember" xlink:type="resource" xml:lang="en-US">2024 Notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShipMortgageSeniorNotesIMember" xlink:title="label: ShipMortgageSeniorNotesIMember to label_ShipMortgageSeniorNotesIMember" xlink:to="label_ShipMortgageSeniorNotesIMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NSMLoanMember" xlink:label="NSMLoanMember" xlink:title="NSMLoanMember" xlink:type="locator"/>
    <label id="label_NSMLoanMember" xlink:label="label_NSMLoanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NSMLoanMember" xlink:type="resource" xml:lang="en-US">NSM Loan [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NSMLoanMember" xlink:title="label: NSMLoanMember to label_NSMLoanMember" xlink:to="label_NSMLoanMember" xlink:type="arc"/>
    <label id="label_NSMLoanMember_2" xlink:label="label_NSMLoanMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NSMLoanMember" xlink:type="resource" xml:lang="en-US">NSM Loan (including accrued interest of $526 and $2,163, respectively)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NSMLoanMember" xlink:title="label: NSMLoanMember to label_NSMLoanMember" xlink:to="label_NSMLoanMember_2" xlink:type="arc"/>
    <label id="label_NSMLoanMember_3" xlink:label="label_NSMLoanMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NSMLoanMember" xlink:type="resource" xml:lang="en-US">NSM Loan</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NSMLoanMember" xlink:title="label: NSMLoanMember to label_NSMLoanMember" xlink:to="label_NSMLoanMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_HCOB36MillionMember" xlink:label="HCOB36MillionMember" xlink:title="HCOB36MillionMember" xlink:type="locator"/>
    <label id="label_HCOB36MillionMember" xlink:label="label_HCOB36MillionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HCOB36MillionMember" xlink:type="resource" xml:lang="en-US">HCOB 36 Million [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HCOB36MillionMember" xlink:title="label: HCOB36MillionMember to label_HCOB36MillionMember" xlink:to="label_HCOB36MillionMember" xlink:type="arc"/>
    <label id="label_HCOB36MillionMember_2" xlink:label="label_HCOB36MillionMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HCOB36MillionMember" xlink:type="resource" xml:lang="en-US">HCOB ($36,000)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HCOB36MillionMember" xlink:title="label: HCOB36MillionMember to label_HCOB36MillionMember" xlink:to="label_HCOB36MillionMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ProceedsFromDividendsReceivedFromAffiliates" xlink:label="ProceedsFromDividendsReceivedFromAffiliates" xlink:title="ProceedsFromDividendsReceivedFromAffiliates" xlink:type="locator"/>
    <label id="label_ProceedsFromDividendsReceivedFromAffiliates" xlink:label="label_ProceedsFromDividendsReceivedFromAffiliates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromDividendsReceivedFromAffiliates" xlink:type="resource" xml:lang="en-US">Dividends from affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromDividendsReceivedFromAffiliates" xlink:title="label: ProceedsFromDividendsReceivedFromAffiliates to label_ProceedsFromDividendsReceivedFromAffiliates" xlink:to="label_ProceedsFromDividendsReceivedFromAffiliates" xlink:type="arc"/>
    <label id="label_ProceedsFromDividendsReceivedFromAffiliates_2" xlink:label="label_ProceedsFromDividendsReceivedFromAffiliates_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProceedsFromDividendsReceivedFromAffiliates" xlink:type="resource" xml:lang="en-US">Dividends received on equity during the current period from an entity that is affiliated with the entity.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromDividendsReceivedFromAffiliates" xlink:title="label: ProceedsFromDividendsReceivedFromAffiliates to label_ProceedsFromDividendsReceivedFromAffiliates" xlink:to="label_ProceedsFromDividendsReceivedFromAffiliates_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt" xlink:label="ProceedsFromIssuanceOfSeniorLongTermDebt" xlink:title="ProceedsFromIssuanceOfSeniorLongTermDebt" xlink:type="locator"/>
    <label id="label_ProceedsFromIssuanceOfSeniorLongTermDebt" xlink:label="label_ProceedsFromIssuanceOfSeniorLongTermDebt" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromIssuanceOfSeniorLongTermDebt" xlink:type="resource" xml:lang="en-US">Proceeds from issuance of senior notes, net of deferred financing costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssuanceOfSeniorLongTermDebt" xlink:title="label: ProceedsFromIssuanceOfSeniorLongTermDebt to label_ProceedsFromIssuanceOfSeniorLongTermDebt" xlink:to="label_ProceedsFromIssuanceOfSeniorLongTermDebt" xlink:type="arc"/>
    <label id="label_ProceedsFromIssuanceOfSeniorLongTermDebt_2" xlink:label="label_ProceedsFromIssuanceOfSeniorLongTermDebt_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromIssuanceOfSeniorLongTermDebt" xlink:type="resource" xml:lang="en-US">Proceeds from Issuance of Senior Long-term Debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssuanceOfSeniorLongTermDebt" xlink:title="label: ProceedsFromIssuanceOfSeniorLongTermDebt to label_ProceedsFromIssuanceOfSeniorLongTermDebt" xlink:to="label_ProceedsFromIssuanceOfSeniorLongTermDebt_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:label="LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:title="LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:type="locator"/>
    <label id="label_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:label="label_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:type="resource" xml:lang="en-US">Lessee Operating Lease Liability Payments Due Year Two</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:title="label: LesseeOperatingLeaseLiabilityPaymentsDueYearTwo to label_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:to="label_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:type="arc"/>
    <label id="label_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_2" xlink:label="label_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:type="resource" xml:lang="en-US">December 31, 2022</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:title="label: LesseeOperatingLeaseLiabilityPaymentsDueYearTwo to label_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:to="label_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:label="LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:title="LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:type="locator"/>
    <label id="label_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:label="label_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:type="resource" xml:lang="en-US">Lessee Operating Lease Liability Payments Due Year Three</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:title="label: LesseeOperatingLeaseLiabilityPaymentsDueYearThree to label_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:to="label_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:type="arc"/>
    <label id="label_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_2" xlink:label="label_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:type="resource" xml:lang="en-US">December 31, 2023</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:title="label: LesseeOperatingLeaseLiabilityPaymentsDueYearThree to label_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:to="label_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:label="LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:title="LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:type="locator"/>
    <label id="label_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:label="label_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:type="resource" xml:lang="en-US">Lessee Operating Lease Liability Payments Due Year Four</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:title="label: LesseeOperatingLeaseLiabilityPaymentsDueYearFour to label_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:to="label_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:type="arc"/>
    <label id="label_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_2" xlink:label="label_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:type="resource" xml:lang="en-US">December 31, 2024</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:title="label: LesseeOperatingLeaseLiabilityPaymentsDueYearFour to label_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:to="label_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:label="LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:title="LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:type="locator"/>
    <label id="label_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:label="label_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:type="resource" xml:lang="en-US">Lessee Operating Lease Liability Payments Due Year Five</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:title="label: LesseeOperatingLeaseLiabilityPaymentsDueYearFive to label_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:to="label_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:type="arc"/>
    <label id="label_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_2" xlink:label="label_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:type="resource" xml:lang="en-US">December 31, 2025</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:title="label: LesseeOperatingLeaseLiabilityPaymentsDueYearFive to label_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:to="label_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:label="LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:title="LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:type="locator"/>
    <label id="label_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:label="label_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:type="resource" xml:lang="en-US">Lessee Operating Lease Liability Payments Due After Year Five</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:title="label: LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive to label_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:to="label_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:type="arc"/>
    <label id="label_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_2" xlink:label="label_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:type="resource" xml:lang="en-US">December 31, 2026 and thereafter</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:title="label: LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive to label_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:to="label_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:label="LesseeOperatingLeaseLiabilityPaymentsDue" xlink:title="LesseeOperatingLeaseLiabilityPaymentsDue" xlink:type="locator"/>
    <label id="label_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:label="label_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:type="resource" xml:lang="en-US">Lessee Operating Lease Liability Payments Due</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseLiabilityPaymentsDue" xlink:title="label: LesseeOperatingLeaseLiabilityPaymentsDue to label_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:to="label_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:type="arc"/>
    <label id="label_LesseeOperatingLeaseLiabilityPaymentsDue_2" xlink:label="label_LesseeOperatingLeaseLiabilityPaymentsDue_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:type="resource" xml:lang="en-US">Total</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseLiabilityPaymentsDue" xlink:title="label: LesseeOperatingLeaseLiabilityPaymentsDue to label_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:to="label_LesseeOperatingLeaseLiabilityPaymentsDue_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:label="LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:title="LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:type="locator"/>
    <label id="label_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:label="label_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:type="resource" xml:lang="en-US">Lessee Operating Lease Liability Undiscounted Excess Amount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:title="label: LesseeOperatingLeaseLiabilityUndiscountedExcessAmount to label_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:to="label_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:type="arc"/>
    <label id="label_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_2" xlink:label="label_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:type="resource" xml:lang="en-US">Discount based on incremental borrowing rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:title="label: LesseeOperatingLeaseLiabilityUndiscountedExcessAmount to label_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:to="label_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:label="LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:title="LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:type="locator"/>
    <label id="label_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:label="label_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:type="resource" xml:lang="en-US">December 31, 2021</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:title="label: LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths to label_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:to="label_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SeniorNotes2024Member" xlink:label="SeniorNotes2024Member" xlink:title="SeniorNotes2024Member" xlink:type="locator"/>
    <label id="label_SeniorNotes2024Member" xlink:label="label_SeniorNotes2024Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeniorNotes2024Member" xlink:type="resource" xml:lang="en-US">Senior Notes 2024 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorNotes2024Member" xlink:title="label: SeniorNotes2024Member to label_SeniorNotes2024Member" xlink:to="label_SeniorNotes2024Member" xlink:type="arc"/>
    <label id="label_SeniorNotes2024Member_2" xlink:label="label_SeniorNotes2024Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeniorNotes2024Member" xlink:type="resource" xml:lang="en-US">2024 Notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorNotes2024Member" xlink:title="label: SeniorNotes2024Member to label_SeniorNotes2024Member" xlink:to="label_SeniorNotes2024Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CharteredInVesselsMember" xlink:label="CharterInVessels" xlink:title="CharterInVessels" xlink:type="locator"/>
    <label id="label_CharterInVessels" xlink:label="label_CharterInVessels" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CharterInVessels" xlink:type="resource" xml:lang="en-US">Chartered In Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharterInVessels" xlink:title="label: CharterInVessels to label_CharterInVessels" xlink:to="label_CharterInVessels" xlink:type="arc"/>
    <label id="label_CharterInVessels_2" xlink:label="label_CharterInVessels_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CharterInVessels" xlink:type="resource" xml:lang="en-US">Chartered-in vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CharterInVessels" xlink:title="label: CharterInVessels to label_CharterInVessels" xlink:to="label_CharterInVessels_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_HamburgCommercialBankAGMember" xlink:label="HamburgCommercialBankAGMember" xlink:title="HamburgCommercialBankAGMember" xlink:type="locator"/>
    <label id="label_HamburgCommercialBankAGMember" xlink:label="label_HamburgCommercialBankAGMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HamburgCommercialBankAGMember" xlink:type="resource" xml:lang="en-US">Hamburg Commercial Bank AG [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HamburgCommercialBankAGMember" xlink:title="label: HamburgCommercialBankAGMember to label_HamburgCommercialBankAGMember" xlink:to="label_HamburgCommercialBankAGMember" xlink:type="arc"/>
    <label id="label_HamburgCommercialBankAGMember_2" xlink:label="label_HamburgCommercialBankAGMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_HamburgCommercialBankAGMember" xlink:type="resource" xml:lang="en-US">HCOB facility agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HamburgCommercialBankAGMember" xlink:title="label: HamburgCommercialBankAGMember to label_HamburgCommercialBankAGMember" xlink:to="label_HamburgCommercialBankAGMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SecuredLoanAgreementMember" xlink:label="SecuredLoanAgreementMember" xlink:title="SecuredLoanAgreementMember" xlink:type="locator"/>
    <label id="label_SecuredLoanAgreementMember" xlink:label="label_SecuredLoanAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SecuredLoanAgreementMember" xlink:type="resource" xml:lang="en-US">Secured Loan Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecuredLoanAgreementMember" xlink:title="label: SecuredLoanAgreementMember to label_SecuredLoanAgreementMember" xlink:to="label_SecuredLoanAgreementMember" xlink:type="arc"/>
    <label id="label_SecuredLoanAgreementMember_2" xlink:label="label_SecuredLoanAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SecuredLoanAgreementMember" xlink:type="resource" xml:lang="en-US">Secured Loan Agreement</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecuredLoanAgreementMember" xlink:title="label: SecuredLoanAgreementMember to label_SecuredLoanAgreementMember" xlink:to="label_SecuredLoanAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NSMMember" xlink:label="NSMMember" xlink:title="NSMMember" xlink:type="locator"/>
    <label id="label_NSMMember" xlink:label="label_NSMMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NSMMember" xlink:type="resource" xml:lang="en-US">NSM [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NSMMember" xlink:title="label: NSMMember to label_NSMMember" xlink:to="label_NSMMember" xlink:type="arc"/>
    <label id="label_NSMMember_2" xlink:label="label_NSMMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NSMMember" xlink:type="resource" xml:lang="en-US">Navios Shipmanagement Holdings Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NSMMember" xlink:title="label: NSMMember to label_NSMMember" xlink:to="label_NSMMember_2" xlink:type="arc"/>
    <label id="label_NSMMember_3" xlink:label="label_NSMMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NSMMember" xlink:type="resource" xml:lang="en-US">NSM</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NSMMember" xlink:title="label: NSMMember to label_NSMMember" xlink:to="label_NSMMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosLogisticsNewBBVALoanFacilityMember" xlink:label="NaviosLogisticsNewBBVALoanFacilityMember" xlink:title="NaviosLogisticsNewBBVALoanFacilityMember" xlink:type="locator"/>
    <label id="label_NaviosLogisticsNewBBVALoanFacilityMember" xlink:label="label_NaviosLogisticsNewBBVALoanFacilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosLogisticsNewBBVALoanFacilityMember" xlink:type="resource" xml:lang="en-US">Navios Logistics New BBVA Loan Facility [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsNewBBVALoanFacilityMember" xlink:title="label: NaviosLogisticsNewBBVALoanFacilityMember to label_NaviosLogisticsNewBBVALoanFacilityMember" xlink:to="label_NaviosLogisticsNewBBVALoanFacilityMember" xlink:type="arc"/>
    <label id="label_NaviosLogisticsNewBBVALoanFacilityMember_2" xlink:label="label_NaviosLogisticsNewBBVALoanFacilityMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosLogisticsNewBBVALoanFacilityMember" xlink:type="resource" xml:lang="en-US">Navios Logistics New BBVA Loan Facility</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsNewBBVALoanFacilityMember" xlink:title="label: NaviosLogisticsNewBBVALoanFacilityMember to label_NaviosLogisticsNewBBVALoanFacilityMember" xlink:to="label_NaviosLogisticsNewBBVALoanFacilityMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TwoNaviosHoldingsCreditFacilitiesMember" xlink:label="TwoNaviosHoldingsCreditFacilitiesMember" xlink:title="TwoNaviosHoldingsCreditFacilitiesMember" xlink:type="locator"/>
    <label id="label_TwoNaviosHoldingsCreditFacilitiesMember" xlink:label="label_TwoNaviosHoldingsCreditFacilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TwoNaviosHoldingsCreditFacilitiesMember" xlink:type="resource" xml:lang="en-US">Two Navios Holdings Credit Facilities [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwoNaviosHoldingsCreditFacilitiesMember" xlink:title="label: TwoNaviosHoldingsCreditFacilitiesMember to label_TwoNaviosHoldingsCreditFacilitiesMember" xlink:to="label_TwoNaviosHoldingsCreditFacilitiesMember" xlink:type="arc"/>
    <label id="label_TwoNaviosHoldingsCreditFacilitiesMember_2" xlink:label="label_TwoNaviosHoldingsCreditFacilitiesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TwoNaviosHoldingsCreditFacilitiesMember" xlink:type="resource" xml:lang="en-US">Two Navios Holdings' credit facilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwoNaviosHoldingsCreditFacilitiesMember" xlink:title="label: TwoNaviosHoldingsCreditFacilitiesMember to label_TwoNaviosHoldingsCreditFacilitiesMember" xlink:to="label_TwoNaviosHoldingsCreditFacilitiesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OneNaviosLogisticsCreditFacilitiesMember" xlink:label="OneNaviosLogisticsCreditFacilitiesMember" xlink:title="OneNaviosLogisticsCreditFacilitiesMember" xlink:type="locator"/>
    <label id="label_OneNaviosLogisticsCreditFacilitiesMember" xlink:label="label_OneNaviosLogisticsCreditFacilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OneNaviosLogisticsCreditFacilitiesMember" xlink:type="resource" xml:lang="en-US">One Navios Logistics Credit Facilities [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OneNaviosLogisticsCreditFacilitiesMember" xlink:title="label: OneNaviosLogisticsCreditFacilitiesMember to label_OneNaviosLogisticsCreditFacilitiesMember" xlink:to="label_OneNaviosLogisticsCreditFacilitiesMember" xlink:type="arc"/>
    <label id="label_OneNaviosLogisticsCreditFacilitiesMember_2" xlink:label="label_OneNaviosLogisticsCreditFacilitiesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OneNaviosLogisticsCreditFacilitiesMember" xlink:type="resource" xml:lang="en-US">One Navios Logistics' credit facilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OneNaviosLogisticsCreditFacilitiesMember" xlink:title="label: OneNaviosLogisticsCreditFacilitiesMember to label_OneNaviosLogisticsCreditFacilitiesMember" xlink:to="label_OneNaviosLogisticsCreditFacilitiesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TwoNaviosContainersCreditFacilitiesMember" xlink:label="TwoNaviosContainersCreditFacilitiesMember" xlink:title="TwoNaviosContainersCreditFacilitiesMember" xlink:type="locator"/>
    <label id="label_TwoNaviosContainersCreditFacilitiesMember" xlink:label="label_TwoNaviosContainersCreditFacilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TwoNaviosContainersCreditFacilitiesMember" xlink:type="resource" xml:lang="en-US">Two Navios Containers Credit Facilities [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwoNaviosContainersCreditFacilitiesMember" xlink:title="label: TwoNaviosContainersCreditFacilitiesMember to label_TwoNaviosContainersCreditFacilitiesMember" xlink:to="label_TwoNaviosContainersCreditFacilitiesMember" xlink:type="arc"/>
    <label id="label_TwoNaviosContainersCreditFacilitiesMember_2" xlink:label="label_TwoNaviosContainersCreditFacilitiesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TwoNaviosContainersCreditFacilitiesMember" xlink:type="resource" xml:lang="en-US">Two Navios Containers' credit facilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwoNaviosContainersCreditFacilitiesMember" xlink:title="label: TwoNaviosContainersCreditFacilitiesMember to label_TwoNaviosContainersCreditFacilitiesMember" xlink:to="label_TwoNaviosContainersCreditFacilitiesMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ShareExchangeProgramAtARate6623Member" xlink:label="ShareExchangeProgramAtARate6623Member" xlink:title="ShareExchangeProgramAtARate6623Member" xlink:type="locator"/>
    <label id="label_ShareExchangeProgramAtARate6623Member" xlink:label="label_ShareExchangeProgramAtARate6623Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareExchangeProgramAtARate6623Member" xlink:type="resource" xml:lang="en-US">Share Exchange Program At A Rate 6623 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareExchangeProgramAtARate6623Member" xlink:title="label: ShareExchangeProgramAtARate6623Member to label_ShareExchangeProgramAtARate6623Member" xlink:to="label_ShareExchangeProgramAtARate6623Member" xlink:type="arc"/>
    <label id="label_ShareExchangeProgramAtARate6623Member_2" xlink:label="label_ShareExchangeProgramAtARate6623Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareExchangeProgramAtARate6623Member" xlink:type="resource" xml:lang="en-US">Exchange program for 66 2/3% shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareExchangeProgramAtARate6623Member" xlink:title="label: ShareExchangeProgramAtARate6623Member to label_ShareExchangeProgramAtARate6623Member" xlink:to="label_ShareExchangeProgramAtARate6623Member_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ThreeVesselsMember" xlink:label="ThreeVesselsMember" xlink:title="ThreeVesselsMember" xlink:type="locator"/>
    <label id="label_ThreeVesselsMember" xlink:label="label_ThreeVesselsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ThreeVesselsMember" xlink:type="resource" xml:lang="en-US">Three Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThreeVesselsMember" xlink:title="label: ThreeVesselsMember to label_ThreeVesselsMember" xlink:to="label_ThreeVesselsMember" xlink:type="arc"/>
    <label id="label_ThreeVesselsMember_2" xlink:label="label_ThreeVesselsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ThreeVesselsMember" xlink:type="resource" xml:lang="en-US">Three vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThreeVesselsMember" xlink:title="label: ThreeVesselsMember to label_ThreeVesselsMember" xlink:to="label_ThreeVesselsMember_2" xlink:type="arc"/>
    <loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_Security12bTitle" xlink:label="Security12bTitle" xlink:title="Security12bTitle" xlink:type="locator"/>
    <label id="label_Security12bTitle" xlink:label="label_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Security12bTitle" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Security12bTitle" xlink:title="label: Security12bTitle to label_Security12bTitle" xlink:to="label_Security12bTitle" xlink:type="arc"/>
    <loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentAnnualReport" xlink:label="DocumentAnnualReport" xlink:title="DocumentAnnualReport" xlink:type="locator"/>
    <label id="label_DocumentAnnualReport" xlink:label="label_DocumentAnnualReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentAnnualReport" xlink:type="resource" xml:lang="en-US">Document Annual Report</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentAnnualReport" xlink:title="label: DocumentAnnualReport to label_DocumentAnnualReport" xlink:to="label_DocumentAnnualReport" xlink:type="arc"/>
    <loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentTransitionReport" xlink:label="DocumentTransitionReport" xlink:title="DocumentTransitionReport" xlink:type="locator"/>
    <label id="label_DocumentTransitionReport" xlink:label="label_DocumentTransitionReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentTransitionReport" xlink:type="resource" xml:lang="en-US">Document Transition Report</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentTransitionReport" xlink:title="label: DocumentTransitionReport to label_DocumentTransitionReport" xlink:to="label_DocumentTransitionReport" xlink:type="arc"/>
    <loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentShellCompanyReport" xlink:label="DocumentShellCompanyReport" xlink:title="DocumentShellCompanyReport" xlink:type="locator"/>
    <label id="label_DocumentShellCompanyReport" xlink:label="label_DocumentShellCompanyReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentShellCompanyReport" xlink:type="resource" xml:lang="en-US">Document Shell Company Report</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentShellCompanyReport" xlink:title="label: DocumentShellCompanyReport to label_DocumentShellCompanyReport" xlink:to="label_DocumentShellCompanyReport" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_EntityIncorporationStateCountryName1" xlink:label="EntityIncorporationStateCountryName1" xlink:title="EntityIncorporationStateCountryName1" xlink:type="locator"/>
    <label id="label_EntityIncorporationStateCountryName1" xlink:label="label_EntityIncorporationStateCountryName1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityIncorporationStateCountryName1" xlink:type="resource" xml:lang="en-US">Entity Incorporation State Country Name 1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityIncorporationStateCountryName1" xlink:title="label: EntityIncorporationStateCountryName1 to label_EntityIncorporationStateCountryName1" xlink:to="label_EntityIncorporationStateCountryName1" xlink:type="arc"/>
    <label id="label_EntityIncorporationStateCountryName1_2" xlink:label="label_EntityIncorporationStateCountryName1_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EntityIncorporationStateCountryName1" xlink:type="resource" xml:lang="en-US">State or Country Name where an entity is incorporated.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityIncorporationStateCountryName1" xlink:title="label: EntityIncorporationStateCountryName1 to label_EntityIncorporationStateCountryName1" xlink:to="label_EntityIncorporationStateCountryName1_2" xlink:type="arc"/>
    <label id="label_EntityIncorporationStateCountryName1_3" xlink:label="label_EntityIncorporationStateCountryName1_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EntityIncorporationStateCountryName1" xlink:type="resource" xml:lang="en-US">Country of Incorporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityIncorporationStateCountryName1" xlink:title="label: EntityIncorporationStateCountryName1 to label_EntityIncorporationStateCountryName1" xlink:to="label_EntityIncorporationStateCountryName1_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentReportingRevenueReconcilingItemLineItems" xlink:label="SegmentReportingRevenueReconcilingItemLineItems" xlink:title="SegmentReportingRevenueReconcilingItemLineItems" xlink:type="locator"/>
    <label id="label_SegmentReportingRevenueReconcilingItemLineItems" xlink:label="label_SegmentReportingRevenueReconcilingItemLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SegmentReportingRevenueReconcilingItemLineItems" xlink:type="resource" xml:lang="en-US">Segment Reporting, Revenue Reconciling Item [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentReportingRevenueReconcilingItemLineItems" xlink:title="label: SegmentReportingRevenueReconcilingItemLineItems to label_SegmentReportingRevenueReconcilingItemLineItems" xlink:to="label_SegmentReportingRevenueReconcilingItemLineItems" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FirstYearInterestMember" xlink:label="FirstYearInterestMember" xlink:title="FirstYearInterestMember" xlink:type="locator"/>
    <label id="label_FirstYearInterestMember" xlink:label="label_FirstYearInterestMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FirstYearInterestMember" xlink:type="resource" xml:lang="en-US">First Year Interest [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstYearInterestMember" xlink:title="label: FirstYearInterestMember to label_FirstYearInterestMember" xlink:to="label_FirstYearInterestMember" xlink:type="arc"/>
    <label id="label_FirstYearInterestMember_2" xlink:label="label_FirstYearInterestMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FirstYearInterestMember" xlink:type="resource" xml:lang="en-US">First year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstYearInterestMember" xlink:title="label: FirstYearInterestMember to label_FirstYearInterestMember" xlink:to="label_FirstYearInterestMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SecondYearInterestMember" xlink:label="SecondYearInterestMember" xlink:title="SecondYearInterestMember" xlink:type="locator"/>
    <label id="label_SecondYearInterestMember" xlink:label="label_SecondYearInterestMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SecondYearInterestMember" xlink:type="resource" xml:lang="en-US">Second Year Interest [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecondYearInterestMember" xlink:title="label: SecondYearInterestMember to label_SecondYearInterestMember" xlink:to="label_SecondYearInterestMember" xlink:type="arc"/>
    <label id="label_SecondYearInterestMember_2" xlink:label="label_SecondYearInterestMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SecondYearInterestMember" xlink:type="resource" xml:lang="en-US">Second year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecondYearInterestMember" xlink:title="label: SecondYearInterestMember to label_SecondYearInterestMember" xlink:to="label_SecondYearInterestMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtPercentageBearingFixedInterestRate" xlink:label="LongTermDebtPercentageBearingFixedInterestRate" xlink:title="LongTermDebtPercentageBearingFixedInterestRate" xlink:type="locator"/>
    <label id="label_LongTermDebtPercentageBearingFixedInterestRate" xlink:label="label_LongTermDebtPercentageBearingFixedInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtPercentageBearingFixedInterestRate" xlink:type="resource" xml:lang="en-US">Long Term Debt Percentage Bearing Fixed Interest Rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtPercentageBearingFixedInterestRate" xlink:title="label: LongTermDebtPercentageBearingFixedInterestRate to label_LongTermDebtPercentageBearingFixedInterestRate" xlink:to="label_LongTermDebtPercentageBearingFixedInterestRate" xlink:type="arc"/>
    <label id="label_LongTermDebtPercentageBearingFixedInterestRate_2" xlink:label="label_LongTermDebtPercentageBearingFixedInterestRate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtPercentageBearingFixedInterestRate" xlink:type="resource" xml:lang="en-US">Fixed interest rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtPercentageBearingFixedInterestRate" xlink:title="label: LongTermDebtPercentageBearingFixedInterestRate to label_LongTermDebtPercentageBearingFixedInterestRate" xlink:to="label_LongTermDebtPercentageBearingFixedInterestRate_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LongTermDebtPercentageForDeferredPrincipal" xlink:label="LongTermDebtPercentageForDeferredPrincipal" xlink:title="LongTermDebtPercentageForDeferredPrincipal" xlink:type="locator"/>
    <label id="label_LongTermDebtPercentageForDeferredPrincipal" xlink:label="label_LongTermDebtPercentageForDeferredPrincipal" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtPercentageForDeferredPrincipal" xlink:type="resource" xml:lang="en-US">Long Term Debt Percentage For Deferred Principal</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtPercentageForDeferredPrincipal" xlink:title="label: LongTermDebtPercentageForDeferredPrincipal to label_LongTermDebtPercentageForDeferredPrincipal" xlink:to="label_LongTermDebtPercentageForDeferredPrincipal" xlink:type="arc"/>
    <label id="label_LongTermDebtPercentageForDeferredPrincipal_2" xlink:label="label_LongTermDebtPercentageForDeferredPrincipal_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtPercentageForDeferredPrincipal" xlink:type="resource" xml:lang="en-US">Interest rate for deferred principal amounts</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtPercentageForDeferredPrincipal" xlink:title="label: LongTermDebtPercentageForDeferredPrincipal to label_LongTermDebtPercentageForDeferredPrincipal" xlink:to="label_LongTermDebtPercentageForDeferredPrincipal_2" xlink:type="arc"/>
    <label id="label_LongTermDebtPercentageForDeferredPrincipal_3" xlink:label="label_LongTermDebtPercentageForDeferredPrincipal_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LongTermDebtPercentageForDeferredPrincipal" xlink:type="resource" xml:lang="en-US">The interest rate applicable to the portion of the deferred principal amounts of long-term borrowings.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtPercentageForDeferredPrincipal" xlink:title="label: LongTermDebtPercentageForDeferredPrincipal to label_LongTermDebtPercentageForDeferredPrincipal" xlink:to="label_LongTermDebtPercentageForDeferredPrincipal_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtTerm" xlink:label="LongTermDebtTerm" xlink:title="LongTermDebtTerm" xlink:type="locator"/>
    <label id="label_LongTermDebtTerm" xlink:label="label_LongTermDebtTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtTerm" xlink:type="resource" xml:lang="en-US">Long Term Debt Term</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtTerm" xlink:title="label: LongTermDebtTerm to label_LongTermDebtTerm" xlink:to="label_LongTermDebtTerm" xlink:type="arc"/>
    <label id="label_LongTermDebtTerm_2" xlink:label="label_LongTermDebtTerm_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtTerm" xlink:type="resource" xml:lang="en-US">Long-term debt term</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtTerm" xlink:title="label: LongTermDebtTerm to label_LongTermDebtTerm" xlink:to="label_LongTermDebtTerm_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TheTransactionMember" xlink:label="TheTransactionMember" xlink:title="TheTransactionMember" xlink:type="locator"/>
    <label id="label_TheTransactionMember" xlink:label="label_TheTransactionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TheTransactionMember" xlink:type="resource" xml:lang="en-US">The Transaction [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TheTransactionMember" xlink:title="label: TheTransactionMember to label_TheTransactionMember" xlink:to="label_TheTransactionMember" xlink:type="arc"/>
    <label id="label_TheTransactionMember_2" xlink:label="label_TheTransactionMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TheTransactionMember" xlink:type="resource" xml:lang="en-US">The Transaction</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TheTransactionMember" xlink:title="label: TheTransactionMember to label_TheTransactionMember" xlink:to="label_TheTransactionMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherAssetsFairValueDisclosure" xlink:label="OtherAssetsFairValueDisclosure" xlink:title="OtherAssetsFairValueDisclosure" xlink:type="locator"/>
    <label id="label_OtherAssetsFairValueDisclosure" xlink:label="label_OtherAssetsFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherAssetsFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Other Assets Fair Value Disclosure</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsFairValueDisclosure" xlink:title="label: OtherAssetsFairValueDisclosure to label_OtherAssetsFairValueDisclosure" xlink:to="label_OtherAssetsFairValueDisclosure" xlink:type="arc"/>
    <label id="label_OtherAssetsFairValueDisclosure_2" xlink:label="label_OtherAssetsFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherAssetsFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Operating lease assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsFairValueDisclosure" xlink:title="label: OtherAssetsFairValueDisclosure to label_OtherAssetsFairValueDisclosure" xlink:to="label_OtherAssetsFairValueDisclosure_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OwnedVesselsMember" xlink:label="OwnedVesselsMember" xlink:title="OwnedVesselsMember" xlink:type="locator"/>
    <label id="label_OwnedVesselsMember" xlink:label="label_OwnedVesselsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OwnedVesselsMember" xlink:type="resource" xml:lang="en-US">Owned Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OwnedVesselsMember" xlink:title="label: OwnedVesselsMember to label_OwnedVesselsMember" xlink:to="label_OwnedVesselsMember" xlink:type="arc"/>
    <label id="label_OwnedVesselsMember_2" xlink:label="label_OwnedVesselsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OwnedVesselsMember" xlink:type="resource" xml:lang="en-US">Owned Vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OwnedVesselsMember" xlink:title="label: OwnedVesselsMember to label_OwnedVesselsMember" xlink:to="label_OwnedVesselsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_WeightedAverageCostOfCapital" xlink:label="WeightedAverageCostOfCapital" xlink:title="WeightedAverageCostOfCapital" xlink:type="locator"/>
    <label id="label_WeightedAverageCostOfCapital" xlink:label="label_WeightedAverageCostOfCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WeightedAverageCostOfCapital" xlink:type="resource" xml:lang="en-US">Weighted Average Cost Of Capital</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageCostOfCapital" xlink:title="label: WeightedAverageCostOfCapital to label_WeightedAverageCostOfCapital" xlink:to="label_WeightedAverageCostOfCapital" xlink:type="arc"/>
    <label id="label_WeightedAverageCostOfCapital_2" xlink:label="label_WeightedAverageCostOfCapital_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_WeightedAverageCostOfCapital" xlink:type="resource" xml:lang="en-US">The weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is proportionately weighted. All sources of capital, including common stock, preferred stock, bonds, and any other long-term debt, are included in a WACC calculation.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageCostOfCapital" xlink:title="label: WeightedAverageCostOfCapital to label_WeightedAverageCostOfCapital" xlink:to="label_WeightedAverageCostOfCapital_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:label="DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:title="DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:type="locator"/>
    <label id="label_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:label="label_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:type="resource" xml:lang="en-US">Discontinued Operations And Disposal Groups [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:title="label: DiscontinuedOperationsAndDisposalGroupsAbstract to label_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:to="label_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure" xlink:label="DueToAffiliateCurrentAndNoncurrentFairValueDisclosure" xlink:title="DueToAffiliateCurrentAndNoncurrentFairValueDisclosure" xlink:type="locator"/>
    <label id="label_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure" xlink:label="label_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Due To Affiliate Current And Non current Fair Value Disclosure</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueToAffiliateCurrentAndNoncurrentFairValueDisclosure" xlink:title="label: DueToAffiliateCurrentAndNoncurrentFairValueDisclosure to label_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure" xlink:to="label_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure" xlink:type="arc"/>
    <label id="label_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure_2" xlink:label="label_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Reflects the fair value of the amount of payables due to an entity that is affiliated with the reporting entity by means of direct or indirect ownership.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueToAffiliateCurrentAndNoncurrentFairValueDisclosure" xlink:title="label: DueToAffiliateCurrentAndNoncurrentFairValueDisclosure to label_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure" xlink:to="label_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure_2" xlink:type="arc"/>
    <label id="label_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure_3" xlink:label="label_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Loan payable to affiliate companies, including current portion - Fair Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueToAffiliateCurrentAndNoncurrentFairValueDisclosure" xlink:title="label: DueToAffiliateCurrentAndNoncurrentFairValueDisclosure to label_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure" xlink:to="label_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure_3" xlink:type="arc"/>
    <label id="label_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure_4" xlink:label="label_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure" xlink:type="resource" xml:lang="en-US">Loan payable to affiliate companies, including current portion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueToAffiliateCurrentAndNoncurrentFairValueDisclosure" xlink:title="label: DueToAffiliateCurrentAndNoncurrentFairValueDisclosure to label_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure" xlink:to="label_DueToAffiliateCurrentAndNoncurrentFairValueDisclosure_4" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuredDebtCurrent" xlink:label="SecuredDebtCurrent" xlink:title="SecuredDebtCurrent" xlink:type="locator"/>
    <label id="label_SecuredDebtCurrent" xlink:label="label_SecuredDebtCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SecuredDebtCurrent" xlink:type="resource" xml:lang="en-US">Secured Debt, Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecuredDebtCurrent" xlink:title="label: SecuredDebtCurrent to label_SecuredDebtCurrent" xlink:to="label_SecuredDebtCurrent" xlink:type="arc"/>
    <label id="label_SecuredDebtCurrent_2" xlink:label="label_SecuredDebtCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SecuredDebtCurrent" xlink:type="resource" xml:lang="en-US">Current portion of long-term debt, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecuredDebtCurrent" xlink:title="label: SecuredDebtCurrent to label_SecuredDebtCurrent" xlink:to="label_SecuredDebtCurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:label="DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:title="DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:type="locator"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:type="resource" xml:lang="en-US">Disposal Group Including Discontinued Operation Revenue</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationRevenue to label_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:type="arc"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationRevenue_2" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationRevenue_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:type="resource" xml:lang="en-US">Revenue</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationRevenue to label_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationRevenue_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold" xlink:label="DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold" xlink:title="DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold" xlink:type="locator"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold" xlink:type="resource" xml:lang="en-US">Disposal Group Including Discontinued Operation Costs Of Goods Sold</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold to label_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold" xlink:type="arc"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold_2" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold" xlink:type="resource" xml:lang="en-US">Time charter, voyage and port terminal expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold to label_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:label="DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:title="DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:type="locator"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:type="resource" xml:lang="en-US">Disposal Group Including Discontinued Operation Operating Expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationOperatingExpense to label_DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:type="arc"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationOperatingExpense_2" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationOperatingExpense_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:type="resource" xml:lang="en-US">Direct vessel expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationOperatingExpense to label_DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationOperatingExpense_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense" xlink:label="DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense" xlink:title="DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense" xlink:type="locator"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense" xlink:type="resource" xml:lang="en-US">Disposal Group Including Discontinued Operation General And Administrative Expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense to label_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense" xlink:type="arc"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense_2" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense" xlink:type="resource" xml:lang="en-US">General and administrative expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense to label_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DepreciationAndAmortizationDiscontinuedOperations" xlink:label="DepreciationAndAmortizationDiscontinuedOperations" xlink:title="DepreciationAndAmortizationDiscontinuedOperations" xlink:type="locator"/>
    <label id="label_DepreciationAndAmortizationDiscontinuedOperations" xlink:label="label_DepreciationAndAmortizationDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepreciationAndAmortizationDiscontinuedOperations" xlink:type="resource" xml:lang="en-US">Depreciation And Amortization Discontinued Operations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationAndAmortizationDiscontinuedOperations" xlink:title="label: DepreciationAndAmortizationDiscontinuedOperations to label_DepreciationAndAmortizationDiscontinuedOperations" xlink:to="label_DepreciationAndAmortizationDiscontinuedOperations" xlink:type="arc"/>
    <label id="label_DepreciationAndAmortizationDiscontinuedOperations_2" xlink:label="label_DepreciationAndAmortizationDiscontinuedOperations_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DepreciationAndAmortizationDiscontinuedOperations" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationAndAmortizationDiscontinuedOperations" xlink:title="label: DepreciationAndAmortizationDiscontinuedOperations to label_DepreciationAndAmortizationDiscontinuedOperations" xlink:to="label_DepreciationAndAmortizationDiscontinuedOperations_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationInterestExpense" xlink:label="DisposalGroupIncludingDiscontinuedOperationInterestExpense" xlink:title="DisposalGroupIncludingDiscontinuedOperationInterestExpense" xlink:type="locator"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationInterestExpense" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationInterestExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationInterestExpense" xlink:type="resource" xml:lang="en-US">Disposal Group Including Discontinued Operation Interest Expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationInterestExpense" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationInterestExpense to label_DisposalGroupIncludingDiscontinuedOperationInterestExpense" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationInterestExpense" xlink:type="arc"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationInterestExpense_2" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationInterestExpense_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationInterestExpense" xlink:type="resource" xml:lang="en-US">Interest expense and finance cost</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationInterestExpense" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationInterestExpense to label_DisposalGroupIncludingDiscontinuedOperationInterestExpense" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationInterestExpense_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationOtherExpense" xlink:label="DisposalGroupIncludingDiscontinuedOperationOtherExpense" xlink:title="DisposalGroupIncludingDiscontinuedOperationOtherExpense" xlink:type="locator"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationOtherExpense" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationOtherExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationOtherExpense" xlink:type="resource" xml:lang="en-US">Disposal Group Including Discontinued Operation Other Expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationOtherExpense" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationOtherExpense to label_DisposalGroupIncludingDiscontinuedOperationOtherExpense" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationOtherExpense" xlink:type="arc"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationOtherExpense_2" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationOtherExpense_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationOtherExpense" xlink:type="resource" xml:lang="en-US">Other expense, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationOtherExpense" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationOtherExpense to label_DisposalGroupIncludingDiscontinuedOperationOtherExpense" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationOtherExpense_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:label="IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:title="IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:type="locator"/>
    <label id="label_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:label="label_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:type="resource" xml:lang="en-US">Income Loss From Discontinued Operations Net Of Tax</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:title="label: IncomeLossFromDiscontinuedOperationsNetOfTax to label_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:to="label_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:type="arc"/>
    <label id="label_IncomeLossFromDiscontinuedOperationsNetOfTax_2" xlink:label="label_IncomeLossFromDiscontinuedOperationsNetOfTax_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:type="resource" xml:lang="en-US">Net (loss)/income from discontinued operations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:title="label: IncomeLossFromDiscontinuedOperationsNetOfTax to label_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:to="label_IncomeLossFromDiscontinuedOperationsNetOfTax_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest" xlink:label="IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest" xlink:title="IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest" xlink:type="locator"/>
    <label id="label_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest" xlink:label="label_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest" xlink:type="resource" xml:lang="en-US">Income Loss From Discontinued Operations Net Of Tax Attributable To Non controlling Interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest" xlink:title="label: IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest to label_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest" xlink:to="label_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest" xlink:type="arc"/>
    <label id="label_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest_2" xlink:label="label_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest" xlink:type="resource" xml:lang="en-US">Less: Net loss/(income) attributable to the noncontrolling interest</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest" xlink:title="label: IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest to label_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest" xlink:to="label_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GainLossOnSaleOfInvestmentsAbstract" xlink:label="GainLossOnSaleOfInvestmentsAbstract" xlink:title="GainLossOnSaleOfInvestmentsAbstract" xlink:type="locator"/>
    <label id="label_GainLossOnSaleOfInvestmentsAbstract" xlink:label="label_GainLossOnSaleOfInvestmentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainLossOnSaleOfInvestmentsAbstract" xlink:type="resource" xml:lang="en-US">Gain Loss On Sale Of Investments [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossOnSaleOfInvestmentsAbstract" xlink:title="label: GainLossOnSaleOfInvestmentsAbstract to label_GainLossOnSaleOfInvestmentsAbstract" xlink:to="label_GainLossOnSaleOfInvestmentsAbstract" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested" xlink:label="ProceedsFromDivestitureOfBusinessesNetOfCashDivested" xlink:title="ProceedsFromDivestitureOfBusinessesNetOfCashDivested" xlink:type="locator"/>
    <label id="label_ProceedsFromDivestitureOfBusinessesNetOfCashDivested" xlink:label="label_ProceedsFromDivestitureOfBusinessesNetOfCashDivested" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromDivestitureOfBusinessesNetOfCashDivested" xlink:type="resource" xml:lang="en-US">Proceeds From Divestiture Of Businesses Net Of Cash Divested</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromDivestitureOfBusinessesNetOfCashDivested" xlink:title="label: ProceedsFromDivestitureOfBusinessesNetOfCashDivested to label_ProceedsFromDivestitureOfBusinessesNetOfCashDivested" xlink:to="label_ProceedsFromDivestitureOfBusinessesNetOfCashDivested" xlink:type="arc"/>
    <label id="label_ProceedsFromDivestitureOfBusinessesNetOfCashDivested_2" xlink:label="label_ProceedsFromDivestitureOfBusinessesNetOfCashDivested_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromDivestitureOfBusinessesNetOfCashDivested" xlink:type="resource" xml:lang="en-US">Cash consideration</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromDivestitureOfBusinessesNetOfCashDivested" xlink:title="label: ProceedsFromDivestitureOfBusinessesNetOfCashDivested to label_ProceedsFromDivestitureOfBusinessesNetOfCashDivested" xlink:to="label_ProceedsFromDivestitureOfBusinessesNetOfCashDivested_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:label="RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:title="RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:type="locator"/>
    <label id="label_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:label="label_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:type="resource" xml:lang="en-US">Related Party Transaction Expenses From Transactions With Related Party</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:title="label: RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty to label_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:to="label_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:type="arc"/>
    <label id="label_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_2" xlink:label="label_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:type="resource" xml:lang="en-US">Less: Transaction fees</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:title="label: RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty to label_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:to="label_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_2" xlink:type="arc"/>
    <label id="label_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_3" xlink:label="label_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:type="resource" xml:lang="en-US">Less: Transaction fees</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:title="label: RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty to label_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:to="label_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts" xlink:label="ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts" xlink:title="ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts" xlink:type="locator"/>
    <label id="label_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts" xlink:label="label_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts" xlink:type="resource" xml:lang="en-US">Proceeds From Divestiture Of Businesses Net Of Transaction Costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts" xlink:title="label: ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts to label_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts" xlink:to="label_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts" xlink:type="arc"/>
    <label id="label_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts_2" xlink:label="label_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts" xlink:type="resource" xml:lang="en-US">This element represents the cash inflow during the period, net of transaction costs, from the sale of a component of the entity.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts" xlink:title="label: ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts to label_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts" xlink:to="label_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts_2" xlink:type="arc"/>
    <label id="label_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts_3" xlink:label="label_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts" xlink:type="resource" xml:lang="en-US">Proceeds received</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts" xlink:title="label: ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts to label_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts" xlink:to="label_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts_3" xlink:type="arc"/>
    <label id="label_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts_4" xlink:label="label_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts" xlink:type="resource" xml:lang="en-US">Proceeds received</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts" xlink:title="label: ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts to label_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts" xlink:to="label_ProceedsFromDivestitureOfBusinessesNetOfTransactionCosts_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DeconsolidationNetLiabilitiesBalanceSheetEffect" xlink:label="DeconsolidationNetLiabilitiesBalanceSheetEffect" xlink:title="DeconsolidationNetLiabilitiesBalanceSheetEffect" xlink:type="locator"/>
    <label id="label_DeconsolidationNetLiabilitiesBalanceSheetEffect" xlink:label="label_DeconsolidationNetLiabilitiesBalanceSheetEffect" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeconsolidationNetLiabilitiesBalanceSheetEffect" xlink:type="resource" xml:lang="en-US">Deconsolidation Net Liabilities Balance Sheet Effect</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeconsolidationNetLiabilitiesBalanceSheetEffect" xlink:title="label: DeconsolidationNetLiabilitiesBalanceSheetEffect to label_DeconsolidationNetLiabilitiesBalanceSheetEffect" xlink:to="label_DeconsolidationNetLiabilitiesBalanceSheetEffect" xlink:type="arc"/>
    <label id="label_DeconsolidationNetLiabilitiesBalanceSheetEffect_2" xlink:label="label_DeconsolidationNetLiabilitiesBalanceSheetEffect_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DeconsolidationNetLiabilitiesBalanceSheetEffect" xlink:type="resource" xml:lang="en-US">The amount recognized by the parent in Balance Sheet and is related with net liabilities.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeconsolidationNetLiabilitiesBalanceSheetEffect" xlink:title="label: DeconsolidationNetLiabilitiesBalanceSheetEffect to label_DeconsolidationNetLiabilitiesBalanceSheetEffect" xlink:to="label_DeconsolidationNetLiabilitiesBalanceSheetEffect_2" xlink:type="arc"/>
    <label id="label_DeconsolidationNetLiabilitiesBalanceSheetEffect_3" xlink:label="label_DeconsolidationNetLiabilitiesBalanceSheetEffect_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeconsolidationNetLiabilitiesBalanceSheetEffect" xlink:type="resource" xml:lang="en-US">Net liabilities derecognized</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeconsolidationNetLiabilitiesBalanceSheetEffect" xlink:title="label: DeconsolidationNetLiabilitiesBalanceSheetEffect to label_DeconsolidationNetLiabilitiesBalanceSheetEffect" xlink:to="label_DeconsolidationNetLiabilitiesBalanceSheetEffect_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DeconsolidationGeneralPartnerInterestBalanceSheetEffect" xlink:label="DeconsolidationGeneralPartnerInterestBalanceSheetEffect" xlink:title="DeconsolidationGeneralPartnerInterestBalanceSheetEffect" xlink:type="locator"/>
    <label id="label_DeconsolidationGeneralPartnerInterestBalanceSheetEffect" xlink:label="label_DeconsolidationGeneralPartnerInterestBalanceSheetEffect" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeconsolidationGeneralPartnerInterestBalanceSheetEffect" xlink:type="resource" xml:lang="en-US">Deconsolidation General Partner Interest Balance Sheet Effect</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeconsolidationGeneralPartnerInterestBalanceSheetEffect" xlink:title="label: DeconsolidationGeneralPartnerInterestBalanceSheetEffect to label_DeconsolidationGeneralPartnerInterestBalanceSheetEffect" xlink:to="label_DeconsolidationGeneralPartnerInterestBalanceSheetEffect" xlink:type="arc"/>
    <label id="label_DeconsolidationGeneralPartnerInterestBalanceSheetEffect_2" xlink:label="label_DeconsolidationGeneralPartnerInterestBalanceSheetEffect_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DeconsolidationGeneralPartnerInterestBalanceSheetEffect" xlink:type="resource" xml:lang="en-US">The amount recognized by the parent in Balance Sheet and is related with the general partner's ownership interest in an affiliate company.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeconsolidationGeneralPartnerInterestBalanceSheetEffect" xlink:title="label: DeconsolidationGeneralPartnerInterestBalanceSheetEffect to label_DeconsolidationGeneralPartnerInterestBalanceSheetEffect" xlink:to="label_DeconsolidationGeneralPartnerInterestBalanceSheetEffect_2" xlink:type="arc"/>
    <label id="label_DeconsolidationGeneralPartnerInterestBalanceSheetEffect_3" xlink:label="label_DeconsolidationGeneralPartnerInterestBalanceSheetEffect_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DeconsolidationGeneralPartnerInterestBalanceSheetEffect" xlink:type="resource" xml:lang="en-US">Book value of general partner interest in Navios Partners</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeconsolidationGeneralPartnerInterestBalanceSheetEffect" xlink:title="label: DeconsolidationGeneralPartnerInterestBalanceSheetEffect to label_DeconsolidationGeneralPartnerInterestBalanceSheetEffect" xlink:to="label_DeconsolidationGeneralPartnerInterestBalanceSheetEffect_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DeconsolidationOtherAssetsBalanceSheetEffect" xlink:label="DeconsolidationOtherAssetsBalanceSheetEffect" xlink:title="DeconsolidationOtherAssetsBalanceSheetEffect" xlink:type="locator"/>
    <label id="label_DeconsolidationOtherAssetsBalanceSheetEffect" xlink:label="label_DeconsolidationOtherAssetsBalanceSheetEffect" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeconsolidationOtherAssetsBalanceSheetEffect" xlink:type="resource" xml:lang="en-US">Deconsolidation Other Assets Balance Sheet Effect</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeconsolidationOtherAssetsBalanceSheetEffect" xlink:title="label: DeconsolidationOtherAssetsBalanceSheetEffect to label_DeconsolidationOtherAssetsBalanceSheetEffect" xlink:to="label_DeconsolidationOtherAssetsBalanceSheetEffect" xlink:type="arc"/>
    <label id="label_DeconsolidationOtherAssetsBalanceSheetEffect_2" xlink:label="label_DeconsolidationOtherAssetsBalanceSheetEffect_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DeconsolidationOtherAssetsBalanceSheetEffect" xlink:type="resource" xml:lang="en-US">The amount recognized by the parent in Balance Sheet and is related with other assets.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeconsolidationOtherAssetsBalanceSheetEffect" xlink:title="label: DeconsolidationOtherAssetsBalanceSheetEffect to label_DeconsolidationOtherAssetsBalanceSheetEffect" xlink:to="label_DeconsolidationOtherAssetsBalanceSheetEffect_2" xlink:type="arc"/>
    <label id="label_DeconsolidationOtherAssetsBalanceSheetEffect_3" xlink:label="label_DeconsolidationOtherAssetsBalanceSheetEffect_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DeconsolidationOtherAssetsBalanceSheetEffect" xlink:type="resource" xml:lang="en-US">Book value of Other fixed assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeconsolidationOtherAssetsBalanceSheetEffect" xlink:title="label: DeconsolidationOtherAssetsBalanceSheetEffect to label_DeconsolidationOtherAssetsBalanceSheetEffect" xlink:to="label_DeconsolidationOtherAssetsBalanceSheetEffect_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DeconsolidationLeaseLiabilitiesBalanceSheetEffect" xlink:label="DeconsolidationLeaseLiabilitiesBalanceSheetEffect" xlink:title="DeconsolidationLeaseLiabilitiesBalanceSheetEffect" xlink:type="locator"/>
    <label id="label_DeconsolidationLeaseLiabilitiesBalanceSheetEffect" xlink:label="label_DeconsolidationLeaseLiabilitiesBalanceSheetEffect" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeconsolidationLeaseLiabilitiesBalanceSheetEffect" xlink:type="resource" xml:lang="en-US">Deconsolidation Lease Liabilities Balance Sheet Effect</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeconsolidationLeaseLiabilitiesBalanceSheetEffect" xlink:title="label: DeconsolidationLeaseLiabilitiesBalanceSheetEffect to label_DeconsolidationLeaseLiabilitiesBalanceSheetEffect" xlink:to="label_DeconsolidationLeaseLiabilitiesBalanceSheetEffect" xlink:type="arc"/>
    <label id="label_DeconsolidationLeaseLiabilitiesBalanceSheetEffect_2" xlink:label="label_DeconsolidationLeaseLiabilitiesBalanceSheetEffect_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DeconsolidationLeaseLiabilitiesBalanceSheetEffect" xlink:type="resource" xml:lang="en-US">The amount recognized by the parent in Balance Sheet and is related with lease liabilities.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeconsolidationLeaseLiabilitiesBalanceSheetEffect" xlink:title="label: DeconsolidationLeaseLiabilitiesBalanceSheetEffect to label_DeconsolidationLeaseLiabilitiesBalanceSheetEffect" xlink:to="label_DeconsolidationLeaseLiabilitiesBalanceSheetEffect_2" xlink:type="arc"/>
    <label id="label_DeconsolidationLeaseLiabilitiesBalanceSheetEffect_3" xlink:label="label_DeconsolidationLeaseLiabilitiesBalanceSheetEffect_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeconsolidationLeaseLiabilitiesBalanceSheetEffect" xlink:type="resource" xml:lang="en-US">Lease liability, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeconsolidationLeaseLiabilitiesBalanceSheetEffect" xlink:title="label: DeconsolidationLeaseLiabilitiesBalanceSheetEffect to label_DeconsolidationLeaseLiabilitiesBalanceSheetEffect" xlink:to="label_DeconsolidationLeaseLiabilitiesBalanceSheetEffect_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapital" xlink:label="IncreaseDecreaseInOperatingCapital" xlink:title="IncreaseDecreaseInOperatingCapital" xlink:type="locator"/>
    <label id="label_IncreaseDecreaseInOperatingCapital" xlink:label="label_IncreaseDecreaseInOperatingCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInOperatingCapital" xlink:type="resource" xml:lang="en-US">Increase Decrease In Operating Capital</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInOperatingCapital" xlink:title="label: IncreaseDecreaseInOperatingCapital to label_IncreaseDecreaseInOperatingCapital" xlink:to="label_IncreaseDecreaseInOperatingCapital" xlink:type="arc"/>
    <label id="label_IncreaseDecreaseInOperatingCapital_2" xlink:label="label_IncreaseDecreaseInOperatingCapital_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseInOperatingCapital" xlink:type="resource" xml:lang="en-US">Increase in operating capital</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInOperatingCapital" xlink:title="label: IncreaseDecreaseInOperatingCapital to label_IncreaseDecreaseInOperatingCapital" xlink:to="label_IncreaseDecreaseInOperatingCapital_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount" xlink:label="DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount" xlink:title="DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount" xlink:type="locator"/>
    <label id="label_DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount" xlink:label="label_DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount" xlink:type="resource" xml:lang="en-US">Deconsolidation Revaluation Of Retained Investment Gain Or Loss Amount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount" xlink:title="label: DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount to label_DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount" xlink:to="label_DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount" xlink:type="arc"/>
    <label id="label_DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount_2" xlink:label="label_DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount" xlink:type="resource" xml:lang="en-US">Gain/ (loss) on revaluation of retained investment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount" xlink:title="label: DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount to label_DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount" xlink:to="label_DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentOwnedAtFairValue" xlink:label="InvestmentOwnedAtFairValue" xlink:title="InvestmentOwnedAtFairValue" xlink:type="locator"/>
    <label id="label_InvestmentOwnedAtFairValue" xlink:label="label_InvestmentOwnedAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentOwnedAtFairValue" xlink:type="resource" xml:lang="en-US">Investment Owned At Fair Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentOwnedAtFairValue" xlink:title="label: InvestmentOwnedAtFairValue to label_InvestmentOwnedAtFairValue" xlink:to="label_InvestmentOwnedAtFairValue" xlink:type="arc"/>
    <label id="label_InvestmentOwnedAtFairValue_2" xlink:label="label_InvestmentOwnedAtFairValue_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentOwnedAtFairValue" xlink:type="resource" xml:lang="en-US">Fair value of investment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentOwnedAtFairValue" xlink:title="label: InvestmentOwnedAtFairValue to label_InvestmentOwnedAtFairValue" xlink:to="label_InvestmentOwnedAtFairValue_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AlternativeInvestmentMeasurementInput" xlink:label="AlternativeInvestmentMeasurementInput" xlink:title="AlternativeInvestmentMeasurementInput" xlink:type="locator"/>
    <label id="label_AlternativeInvestmentMeasurementInput" xlink:label="label_AlternativeInvestmentMeasurementInput" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AlternativeInvestmentMeasurementInput" xlink:type="resource" xml:lang="en-US">Alternative Investment Measurement Input</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AlternativeInvestmentMeasurementInput" xlink:title="label: AlternativeInvestmentMeasurementInput to label_AlternativeInvestmentMeasurementInput" xlink:to="label_AlternativeInvestmentMeasurementInput" xlink:type="arc"/>
    <label id="label_AlternativeInvestmentMeasurementInput_2" xlink:label="label_AlternativeInvestmentMeasurementInput_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AlternativeInvestmentMeasurementInput" xlink:type="resource" xml:lang="en-US">Weighted average cost of capital</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AlternativeInvestmentMeasurementInput" xlink:title="label: AlternativeInvestmentMeasurementInput to label_AlternativeInvestmentMeasurementInput" xlink:to="label_AlternativeInvestmentMeasurementInput_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MeasurementInputDiscountRateMember" xlink:label="MeasurementInputDiscountRateMember" xlink:title="MeasurementInputDiscountRateMember" xlink:type="locator"/>
    <label id="label_MeasurementInputDiscountRateMember" xlink:label="label_MeasurementInputDiscountRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MeasurementInputDiscountRateMember" xlink:type="resource" xml:lang="en-US">Measurement Input Discount Rate [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MeasurementInputDiscountRateMember" xlink:title="label: MeasurementInputDiscountRateMember to label_MeasurementInputDiscountRateMember" xlink:to="label_MeasurementInputDiscountRateMember" xlink:type="arc"/>
    <label id="label_MeasurementInputDiscountRateMember_2" xlink:label="label_MeasurementInputDiscountRateMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MeasurementInputDiscountRateMember" xlink:type="resource" xml:lang="en-US">Discount rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MeasurementInputDiscountRateMember" xlink:title="label: MeasurementInputDiscountRateMember to label_MeasurementInputDiscountRateMember" xlink:to="label_MeasurementInputDiscountRateMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesPurchasedUnderAgreementsToResellLiability" xlink:label="SecuritiesPurchasedUnderAgreementsToResellLiability" xlink:title="SecuritiesPurchasedUnderAgreementsToResellLiability" xlink:type="locator"/>
    <label id="label_SecuritiesPurchasedUnderAgreementsToResellLiability" xlink:label="label_SecuritiesPurchasedUnderAgreementsToResellLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SecuritiesPurchasedUnderAgreementsToResellLiability" xlink:type="resource" xml:lang="en-US">Securities Purchased Under Agreements To Resell Liability</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecuritiesPurchasedUnderAgreementsToResellLiability" xlink:title="label: SecuritiesPurchasedUnderAgreementsToResellLiability to label_SecuritiesPurchasedUnderAgreementsToResellLiability" xlink:to="label_SecuritiesPurchasedUnderAgreementsToResellLiability" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_IfCertainConditionsAreMetMember" xlink:label="IfCertainConditionsAreMetMember" xlink:title="IfCertainConditionsAreMetMember" xlink:type="locator"/>
    <label id="label_IfCertainConditionsAreMetMember" xlink:label="label_IfCertainConditionsAreMetMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IfCertainConditionsAreMetMember" xlink:type="resource" xml:lang="en-US">If Certain Conditions Are Met [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IfCertainConditionsAreMetMember" xlink:title="label: IfCertainConditionsAreMetMember to label_IfCertainConditionsAreMetMember" xlink:to="label_IfCertainConditionsAreMetMember" xlink:type="arc"/>
    <label id="label_IfCertainConditionsAreMetMember_2" xlink:label="label_IfCertainConditionsAreMetMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IfCertainConditionsAreMetMember" xlink:type="resource" xml:lang="en-US">If certain conditions are met</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IfCertainConditionsAreMetMember" xlink:title="label: IfCertainConditionsAreMetMember to label_IfCertainConditionsAreMetMember" xlink:to="label_IfCertainConditionsAreMetMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentDeferralMember" xlink:label="PaymentDeferralMember" xlink:title="PaymentDeferralMember" xlink:type="locator"/>
    <label id="label_PaymentDeferralMember" xlink:label="label_PaymentDeferralMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentDeferralMember" xlink:type="resource" xml:lang="en-US">Payment Deferral [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentDeferralMember" xlink:title="label: PaymentDeferralMember to label_PaymentDeferralMember" xlink:to="label_PaymentDeferralMember" xlink:type="arc"/>
    <label id="label_PaymentDeferralMember_2" xlink:label="label_PaymentDeferralMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentDeferralMember" xlink:type="resource" xml:lang="en-US">Deferred principal payment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentDeferralMember" xlink:title="label: PaymentDeferralMember to label_PaymentDeferralMember" xlink:to="label_PaymentDeferralMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FirstOrSecondYearMember" xlink:label="FirstOrSecondYearMember" xlink:title="FirstOrSecondYearMember" xlink:type="locator"/>
    <label id="label_FirstOrSecondYearMember" xlink:label="label_FirstOrSecondYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FirstOrSecondYearMember" xlink:type="resource" xml:lang="en-US">First Or Second Year [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstOrSecondYearMember" xlink:title="label: FirstOrSecondYearMember to label_FirstOrSecondYearMember" xlink:to="label_FirstOrSecondYearMember" xlink:type="arc"/>
    <label id="label_FirstOrSecondYearMember_2" xlink:label="label_FirstOrSecondYearMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FirstOrSecondYearMember" xlink:type="resource" xml:lang="en-US">First or second year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FirstOrSecondYearMember" xlink:title="label: FirstOrSecondYearMember to label_FirstOrSecondYearMember" xlink:to="label_FirstOrSecondYearMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ThirdYearMember" xlink:label="ThirdYearMember" xlink:title="ThirdYearMember" xlink:type="locator"/>
    <label id="label_ThirdYearMember" xlink:label="label_ThirdYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ThirdYearMember" xlink:type="resource" xml:lang="en-US">Third Year [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThirdYearMember" xlink:title="label: ThirdYearMember to label_ThirdYearMember" xlink:to="label_ThirdYearMember" xlink:type="arc"/>
    <label id="label_ThirdYearMember_2" xlink:label="label_ThirdYearMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ThirdYearMember" xlink:type="resource" xml:lang="en-US">Third year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThirdYearMember" xlink:title="label: ThirdYearMember to label_ThirdYearMember" xlink:to="label_ThirdYearMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepaymentsOfRelatedPartyDebt" xlink:label="RepaymentsOfRelatedPartyDebt" xlink:title="RepaymentsOfRelatedPartyDebt" xlink:type="locator"/>
    <label id="label_RepaymentsOfRelatedPartyDebt" xlink:label="label_RepaymentsOfRelatedPartyDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepaymentsOfRelatedPartyDebt" xlink:type="resource" xml:lang="en-US">Repayments of Related Party Debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfRelatedPartyDebt" xlink:title="label: RepaymentsOfRelatedPartyDebt to label_RepaymentsOfRelatedPartyDebt" xlink:to="label_RepaymentsOfRelatedPartyDebt" xlink:type="arc"/>
    <label id="label_RepaymentsOfRelatedPartyDebt_2" xlink:label="label_RepaymentsOfRelatedPartyDebt_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RepaymentsOfRelatedPartyDebt" xlink:type="resource" xml:lang="en-US">Repayment of loan payable to affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfRelatedPartyDebt" xlink:title="label: RepaymentsOfRelatedPartyDebt to label_RepaymentsOfRelatedPartyDebt" xlink:to="label_RepaymentsOfRelatedPartyDebt_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PropertyPlantAndEquipmentDivestedFromDeconsolidation" xlink:label="PropertyPlantAndEquipmentDivestedFromDeconsolidation" xlink:title="PropertyPlantAndEquipmentDivestedFromDeconsolidation" xlink:type="locator"/>
    <label id="label_PropertyPlantAndEquipmentDivestedFromDeconsolidation" xlink:label="label_PropertyPlantAndEquipmentDivestedFromDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentDivestedFromDeconsolidation" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Divested From Deconsolidation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentDivestedFromDeconsolidation" xlink:title="label: PropertyPlantAndEquipmentDivestedFromDeconsolidation to label_PropertyPlantAndEquipmentDivestedFromDeconsolidation" xlink:to="label_PropertyPlantAndEquipmentDivestedFromDeconsolidation" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentDivestedFromDeconsolidation_2" xlink:label="label_PropertyPlantAndEquipmentDivestedFromDeconsolidation_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PropertyPlantAndEquipmentDivestedFromDeconsolidation" xlink:type="resource" xml:lang="en-US">Reduction in long-lived, physical assets used in the normal conduct of business and not intended for resale due to the divestiture a consolidated subsidiary. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentDivestedFromDeconsolidation" xlink:title="label: PropertyPlantAndEquipmentDivestedFromDeconsolidation to label_PropertyPlantAndEquipmentDivestedFromDeconsolidation" xlink:to="label_PropertyPlantAndEquipmentDivestedFromDeconsolidation_2" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentDivestedFromDeconsolidation_3" xlink:label="label_PropertyPlantAndEquipmentDivestedFromDeconsolidation_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentDivestedFromDeconsolidation" xlink:type="resource" xml:lang="en-US">Navios Containers deconsolidation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentDivestedFromDeconsolidation" xlink:title="label: PropertyPlantAndEquipmentDivestedFromDeconsolidation to label_PropertyPlantAndEquipmentDivestedFromDeconsolidation" xlink:to="label_PropertyPlantAndEquipmentDivestedFromDeconsolidation_3" xlink:type="arc"/>
    <label id="label_PropertyPlantAndEquipmentDivestedFromDeconsolidation_4" xlink:label="label_PropertyPlantAndEquipmentDivestedFromDeconsolidation_4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PropertyPlantAndEquipmentDivestedFromDeconsolidation" xlink:type="resource" xml:lang="en-US">Navios Containers deconsolidation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentDivestedFromDeconsolidation" xlink:title="label: PropertyPlantAndEquipmentDivestedFromDeconsolidation to label_PropertyPlantAndEquipmentDivestedFromDeconsolidation" xlink:to="label_PropertyPlantAndEquipmentDivestedFromDeconsolidation_4" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness" xlink:label="AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness" xlink:title="AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness" xlink:type="locator"/>
    <label id="label_AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness" xlink:label="label_AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness" xlink:type="resource" xml:lang="en-US">Accumulated Depreciation Depletion And Amortization Sale Of Business</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness" xlink:title="label: AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness to label_AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness" xlink:to="label_AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness" xlink:type="arc"/>
    <label id="label_AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness_2" xlink:label="label_AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness" xlink:type="resource" xml:lang="en-US">Amount of decrease in accumulated depreciation, depletion and amortization as a result of sale or disposal of entity&#x2019;s subsidiary.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness" xlink:title="label: AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness to label_AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness" xlink:to="label_AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness_2" xlink:type="arc"/>
    <label id="label_AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness_3" xlink:label="label_AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness" xlink:type="resource" xml:lang="en-US">Navios Containers deconsolidation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness" xlink:title="label: AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness to label_AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness" xlink:to="label_AccumulatedDepreciationDepletionAndAmortizationSaleOfBusiness_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeasesOfLesseeDisclosureTextBlock" xlink:label="OperatingLeasesOfLesseeDisclosureTextBlock" xlink:title="OperatingLeasesOfLesseeDisclosureTextBlock" xlink:type="locator"/>
    <label id="label_OperatingLeasesOfLesseeDisclosureTextBlock" xlink:label="label_OperatingLeasesOfLesseeDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeasesOfLesseeDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">Operating Leases Of Lessee Disclosure [TextBlock]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesOfLesseeDisclosureTextBlock" xlink:title="label: OperatingLeasesOfLesseeDisclosureTextBlock to label_OperatingLeasesOfLesseeDisclosureTextBlock" xlink:to="label_OperatingLeasesOfLesseeDisclosureTextBlock" xlink:type="arc"/>
    <label id="label_OperatingLeasesOfLesseeDisclosureTextBlock_2" xlink:label="label_OperatingLeasesOfLesseeDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeasesOfLesseeDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">Recognition of lease expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesOfLesseeDisclosureTextBlock" xlink:title="label: OperatingLeasesOfLesseeDisclosureTextBlock to label_OperatingLeasesOfLesseeDisclosureTextBlock" xlink:to="label_OperatingLeasesOfLesseeDisclosureTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LeaseCostTableTextBlock" xlink:label="LeaseCostTableTextBlock" xlink:title="LeaseCostTableTextBlock" xlink:type="locator"/>
    <label id="label_LeaseCostTableTextBlock" xlink:label="label_LeaseCostTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LeaseCostTableTextBlock" xlink:type="resource" xml:lang="en-US">Lease Cost Table [TextBlock]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseCostTableTextBlock" xlink:title="label: LeaseCostTableTextBlock to label_LeaseCostTableTextBlock" xlink:to="label_LeaseCostTableTextBlock" xlink:type="arc"/>
    <label id="label_LeaseCostTableTextBlock_2" xlink:label="label_LeaseCostTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LeaseCostTableTextBlock" xlink:type="resource" xml:lang="en-US">Company&#x2019;s lease expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseCostTableTextBlock" xlink:title="label: LeaseCostTableTextBlock to label_LeaseCostTableTextBlock" xlink:to="label_LeaseCostTableTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:label="LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:title="LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:type="locator"/>
    <label id="label_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:label="label_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:type="resource" xml:lang="en-US">Lessee Operating Lease Liability Maturity Table [TextBlock]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:title="label: LesseeOperatingLeaseLiabilityMaturityTableTextBlock to label_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:to="label_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:type="arc"/>
    <label id="label_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_2" xlink:label="label_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:type="resource" xml:lang="en-US">Total amount of lease payments on an undiscounted basis</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:title="label: LesseeOperatingLeaseLiabilityMaturityTableTextBlock to label_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:to="label_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet" xlink:label="DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet" xlink:title="DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet" xlink:type="locator"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet" xlink:type="resource" xml:lang="en-US">Disposal Group Including Discontinued Operation Intangible Assets Net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet to label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet" xlink:type="arc"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet_2" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet" xlink:type="resource" xml:lang="en-US">Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business, attributable to disposal group held for sale or disposed of.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet to label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet_2" xlink:type="arc"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet_3" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet" xlink:type="resource" xml:lang="en-US">Net Book Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet to label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationIntangibleAssets" xlink:label="DisposalGroupIncludingDiscontinuedOperationIntangibleAssets" xlink:title="DisposalGroupIncludingDiscontinuedOperationIntangibleAssets" xlink:type="locator"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssets" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssets" xlink:type="resource" xml:lang="en-US">Disposal Group, Including Discontinued Operation, Intangible Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationIntangibleAssets" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationIntangibleAssets to label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssets" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssets" xlink:type="arc"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssets_2" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssets_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssets" xlink:type="resource" xml:lang="en-US">Acquisition Cost</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationIntangibleAssets" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationIntangibleAssets to label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssets" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationIntangibleAssets_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization" xlink:label="DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization" xlink:title="DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization" xlink:type="locator"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization" xlink:type="resource" xml:lang="en-US">Disposal Group Including Discontinued Operation Accumulated Amortization</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization to label_DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization" xlink:type="arc"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization_2" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization" xlink:type="resource" xml:lang="en-US">Accumulated amount of amortization of assets, lacking physical substance with a finite life, attributable to disposal group held for sale or disposed of.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization to label_DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization_2" xlink:type="arc"/>
    <label id="label_DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization_3" xlink:label="label_DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization" xlink:type="resource" xml:lang="en-US">Accumulated Amortization</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization" xlink:title="label: DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization to label_DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization" xlink:to="label_DisposalGroupIncludingDiscontinuedOperationAccumulatedAmortization_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PartnersCapitalAccountAcquisitions" xlink:label="PartnersCapitalAccountAcquisitions" xlink:title="PartnersCapitalAccountAcquisitions" xlink:type="locator"/>
    <label id="label_PartnersCapitalAccountAcquisitions" xlink:label="label_PartnersCapitalAccountAcquisitions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PartnersCapitalAccountAcquisitions" xlink:type="resource" xml:lang="en-US">Partners capital account acquisitions</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PartnersCapitalAccountAcquisitions" xlink:title="label: PartnersCapitalAccountAcquisitions to label_PartnersCapitalAccountAcquisitions" xlink:to="label_PartnersCapitalAccountAcquisitions" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosContainersVMember" xlink:label="NaviosContainersVMember" xlink:title="NaviosContainersVMember" xlink:type="locator"/>
    <label id="label_NaviosContainersVMember" xlink:label="label_NaviosContainersVMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosContainersVMember" xlink:type="resource" xml:lang="en-US">Navios Containers V [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersVMember" xlink:title="label: NaviosContainersVMember to label_NaviosContainersVMember" xlink:to="label_NaviosContainersVMember" xlink:type="arc"/>
    <label id="label_NaviosContainersVMember_2" xlink:label="label_NaviosContainersVMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosContainersVMember" xlink:type="resource" xml:lang="en-US">Navios Containers deconsolidation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosContainersVMember" xlink:title="label: NaviosContainersVMember to label_NaviosContainersVMember" xlink:to="label_NaviosContainersVMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscountNoncurrent" xlink:label="DebtInstrumentUnamortizedDiscountNoncurrent" xlink:title="DebtInstrumentUnamortizedDiscountNoncurrent" xlink:type="locator"/>
    <label id="label_DebtInstrumentUnamortizedDiscountNoncurrent" xlink:label="label_DebtInstrumentUnamortizedDiscountNoncurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentUnamortizedDiscountNoncurrent" xlink:type="resource" xml:lang="en-US">Loan's discount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentUnamortizedDiscountNoncurrent" xlink:title="label: DebtInstrumentUnamortizedDiscountNoncurrent to label_DebtInstrumentUnamortizedDiscountNoncurrent" xlink:to="label_DebtInstrumentUnamortizedDiscountNoncurrent" xlink:type="arc"/>
    <label id="label_DebtInstrumentUnamortizedDiscountNoncurrent_2" xlink:label="label_DebtInstrumentUnamortizedDiscountNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentUnamortizedDiscountNoncurrent" xlink:type="resource" xml:lang="en-US">Debt Instrument, Unamortized Discount, Noncurrent</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentUnamortizedDiscountNoncurrent" xlink:title="label: DebtInstrumentUnamortizedDiscountNoncurrent to label_DebtInstrumentUnamortizedDiscountNoncurrent" xlink:to="label_DebtInstrumentUnamortizedDiscountNoncurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentFrequencyOfPeriodicPayment" xlink:label="DebtInstrumentFrequencyOfPeriodicPayment" xlink:title="DebtInstrumentFrequencyOfPeriodicPayment" xlink:type="locator"/>
    <label id="label_DebtInstrumentFrequencyOfPeriodicPayment" xlink:label="label_DebtInstrumentFrequencyOfPeriodicPayment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentFrequencyOfPeriodicPayment" xlink:type="resource" xml:lang="en-US">Debt Instrument, Frequency of Periodic Payment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentFrequencyOfPeriodicPayment" xlink:title="label: DebtInstrumentFrequencyOfPeriodicPayment to label_DebtInstrumentFrequencyOfPeriodicPayment" xlink:to="label_DebtInstrumentFrequencyOfPeriodicPayment" xlink:type="arc"/>
    <label id="label_DebtInstrumentFrequencyOfPeriodicPayment_2" xlink:label="label_DebtInstrumentFrequencyOfPeriodicPayment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentFrequencyOfPeriodicPayment" xlink:type="resource" xml:lang="en-US">Repayment frequency</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentFrequencyOfPeriodicPayment" xlink:title="label: DebtInstrumentFrequencyOfPeriodicPayment to label_DebtInstrumentFrequencyOfPeriodicPayment" xlink:to="label_DebtInstrumentFrequencyOfPeriodicPayment_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DebtInstrumentNumberOfRepaymentInstallment" xlink:label="DebtInstrumentNumberOfRepaymentInstallment" xlink:title="DebtInstrumentNumberOfRepaymentInstallment" xlink:type="locator"/>
    <label id="label_DebtInstrumentNumberOfRepaymentInstallment" xlink:label="label_DebtInstrumentNumberOfRepaymentInstallment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentNumberOfRepaymentInstallment" xlink:type="resource" xml:lang="en-US">Debt Instrument Number Of Repayment Installment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentNumberOfRepaymentInstallment" xlink:title="label: DebtInstrumentNumberOfRepaymentInstallment to label_DebtInstrumentNumberOfRepaymentInstallment" xlink:to="label_DebtInstrumentNumberOfRepaymentInstallment" xlink:type="arc"/>
    <label id="label_DebtInstrumentNumberOfRepaymentInstallment_2" xlink:label="label_DebtInstrumentNumberOfRepaymentInstallment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentNumberOfRepaymentInstallment" xlink:type="resource" xml:lang="en-US">Number of repayment installments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentNumberOfRepaymentInstallment" xlink:title="label: DebtInstrumentNumberOfRepaymentInstallment to label_DebtInstrumentNumberOfRepaymentInstallment" xlink:to="label_DebtInstrumentNumberOfRepaymentInstallment_2" xlink:type="arc"/>
    <label id="label_DebtInstrumentNumberOfRepaymentInstallment_3" xlink:label="label_DebtInstrumentNumberOfRepaymentInstallment_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtInstrumentNumberOfRepaymentInstallment" xlink:type="resource" xml:lang="en-US">Number of repayment installments of debt instrument.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentNumberOfRepaymentInstallment" xlink:title="label: DebtInstrumentNumberOfRepaymentInstallment to label_DebtInstrumentNumberOfRepaymentInstallment" xlink:to="label_DebtInstrumentNumberOfRepaymentInstallment_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementOperatingActivitiesSegmentAxis" xlink:label="StatementOperatingActivitiesSegmentAxis" xlink:title="StatementOperatingActivitiesSegmentAxis" xlink:type="locator"/>
    <label id="label_StatementOperatingActivitiesSegmentAxis" xlink:label="label_StatementOperatingActivitiesSegmentAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOperatingActivitiesSegmentAxis" xlink:type="resource" xml:lang="en-US">Statement Operating Activities Segment [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOperatingActivitiesSegmentAxis" xlink:title="label: StatementOperatingActivitiesSegmentAxis to label_StatementOperatingActivitiesSegmentAxis" xlink:to="label_StatementOperatingActivitiesSegmentAxis" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentOperatingActivitiesDomain" xlink:label="SegmentOperatingActivitiesDomain" xlink:title="SegmentOperatingActivitiesDomain" xlink:type="locator"/>
    <label id="label_SegmentOperatingActivitiesDomain" xlink:label="label_SegmentOperatingActivitiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SegmentOperatingActivitiesDomain" xlink:type="resource" xml:lang="en-US">Segment Operating Activities [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentOperatingActivitiesDomain" xlink:title="label: SegmentOperatingActivitiesDomain to label_SegmentOperatingActivitiesDomain" xlink:to="label_SegmentOperatingActivitiesDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentContinuingOperationsMember" xlink:label="SegmentContinuingOperationsMember" xlink:title="SegmentContinuingOperationsMember" xlink:type="locator"/>
    <label id="label_SegmentContinuingOperationsMember" xlink:label="label_SegmentContinuingOperationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SegmentContinuingOperationsMember" xlink:type="resource" xml:lang="en-US">Segment Continuing Operations [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentContinuingOperationsMember" xlink:title="label: SegmentContinuingOperationsMember to label_SegmentContinuingOperationsMember" xlink:to="label_SegmentContinuingOperationsMember" xlink:type="arc"/>
    <label id="label_SegmentContinuingOperationsMember_2" xlink:label="label_SegmentContinuingOperationsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SegmentContinuingOperationsMember" xlink:type="resource" xml:lang="en-US">Continuing operations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentContinuingOperationsMember" xlink:title="label: SegmentContinuingOperationsMember to label_SegmentContinuingOperationsMember" xlink:to="label_SegmentContinuingOperationsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SeniorSecuredNotesAnd2022NotesMember" xlink:label="SeniorSecuredNotesAnd2022NotesMember" xlink:title="SeniorSecuredNotesAnd2022NotesMember" xlink:type="locator"/>
    <label id="label_SeniorSecuredNotesAnd2022NotesMember" xlink:label="label_SeniorSecuredNotesAnd2022NotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeniorSecuredNotesAnd2022NotesMember" xlink:type="resource" xml:lang="en-US">Senior Secured Notes And 2022 Notes [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorSecuredNotesAnd2022NotesMember" xlink:title="label: SeniorSecuredNotesAnd2022NotesMember to label_SeniorSecuredNotesAnd2022NotesMember" xlink:to="label_SeniorSecuredNotesAnd2022NotesMember" xlink:type="arc"/>
    <label id="label_SeniorSecuredNotesAnd2022NotesMember_2" xlink:label="label_SeniorSecuredNotesAnd2022NotesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeniorSecuredNotesAnd2022NotesMember" xlink:type="resource" xml:lang="en-US">2022 Senior Secured Notes and 2022 Notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorSecuredNotesAnd2022NotesMember" xlink:title="label: SeniorSecuredNotesAnd2022NotesMember to label_SeniorSecuredNotesAnd2022NotesMember" xlink:to="label_SeniorSecuredNotesAnd2022NotesMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromBankDebt" xlink:label="ProceedsFromBankDebt" xlink:title="ProceedsFromBankDebt" xlink:type="locator"/>
    <label id="label_ProceedsFromBankDebt" xlink:label="label_ProceedsFromBankDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromBankDebt" xlink:type="resource" xml:lang="en-US">Proceeds from Bank Debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromBankDebt" xlink:title="label: ProceedsFromBankDebt to label_ProceedsFromBankDebt" xlink:to="label_ProceedsFromBankDebt" xlink:type="arc"/>
    <label id="label_ProceedsFromBankDebt_2" xlink:label="label_ProceedsFromBankDebt_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromBankDebt" xlink:type="resource" xml:lang="en-US">Amount drawn down</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromBankDebt" xlink:title="label: ProceedsFromBankDebt to label_ProceedsFromBankDebt" xlink:to="label_ProceedsFromBankDebt_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:label="DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:title="DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:type="locator"/>
    <label id="label_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:label="label_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">Disposal Groups Including Discontinued Operations Disclosure [TextBlock]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:title="label: DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock to label_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:to="label_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:type="arc"/>
    <label id="label_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock_2" xlink:label="label_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:type="resource" xml:lang="en-US">SALE OF MANAGEMENT &amp; CONSOLIDATION/DECONSOLIDATION OF NAVIOS CONTAINERS</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:title="label: DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock to label_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:to="label_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ScheduleOfBusinessDivestitureTextBlock" xlink:label="ScheduleOfBusinessDivestitureTextBlock" xlink:title="ScheduleOfBusinessDivestitureTextBlock" xlink:type="locator"/>
    <label id="label_ScheduleOfBusinessDivestitureTextBlock" xlink:label="label_ScheduleOfBusinessDivestitureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScheduleOfBusinessDivestitureTextBlock" xlink:type="resource" xml:lang="en-US">Schedule Of Business Divestiture [TextBlock]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfBusinessDivestitureTextBlock" xlink:title="label: ScheduleOfBusinessDivestitureTextBlock to label_ScheduleOfBusinessDivestitureTextBlock" xlink:to="label_ScheduleOfBusinessDivestitureTextBlock" xlink:type="arc"/>
    <label id="label_ScheduleOfBusinessDivestitureTextBlock_2" xlink:label="label_ScheduleOfBusinessDivestitureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ScheduleOfBusinessDivestitureTextBlock" xlink:type="resource" xml:lang="en-US">Tabular disclosure of a material business divestiture completed during the period, including derecognized assets and liabilities.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfBusinessDivestitureTextBlock" xlink:title="label: ScheduleOfBusinessDivestitureTextBlock to label_ScheduleOfBusinessDivestitureTextBlock" xlink:to="label_ScheduleOfBusinessDivestitureTextBlock_2" xlink:type="arc"/>
    <label id="label_ScheduleOfBusinessDivestitureTextBlock_3" xlink:label="label_ScheduleOfBusinessDivestitureTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ScheduleOfBusinessDivestitureTextBlock" xlink:type="resource" xml:lang="en-US">Gain on sale</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfBusinessDivestitureTextBlock" xlink:title="label: ScheduleOfBusinessDivestitureTextBlock to label_ScheduleOfBusinessDivestitureTextBlock" xlink:to="label_ScheduleOfBusinessDivestitureTextBlock_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:label="ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:title="ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:type="locator"/>
    <label id="label_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:label="label_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:type="resource" xml:lang="en-US">Schedule Of Disposal Groups Including Discontinued Operations Income Statement Balance Sheet And Additional Disclosures [TextBlock]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:title="label: ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock to label_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:to="label_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:type="arc"/>
    <label id="label_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_2" xlink:label="label_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:type="resource" xml:lang="en-US">Discontinued Operations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:title="label: ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock to label_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:to="label_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SegmentContinuingAndDiscontinuedOperationsMember" xlink:label="SegmentContinuingAndDiscontinuedOperationsMember" xlink:title="SegmentContinuingAndDiscontinuedOperationsMember" xlink:type="locator"/>
    <label id="label_SegmentContinuingAndDiscontinuedOperationsMember" xlink:label="label_SegmentContinuingAndDiscontinuedOperationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SegmentContinuingAndDiscontinuedOperationsMember" xlink:type="resource" xml:lang="en-US">Segment Continuing And Discontinued Operations [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentContinuingAndDiscontinuedOperationsMember" xlink:title="label: SegmentContinuingAndDiscontinuedOperationsMember to label_SegmentContinuingAndDiscontinuedOperationsMember" xlink:to="label_SegmentContinuingAndDiscontinuedOperationsMember" xlink:type="arc"/>
    <label id="label_SegmentContinuingAndDiscontinuedOperationsMember_2" xlink:label="label_SegmentContinuingAndDiscontinuedOperationsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SegmentContinuingAndDiscontinuedOperationsMember" xlink:type="resource" xml:lang="en-US">Continuing and discontinued operations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentContinuingAndDiscontinuedOperationsMember" xlink:title="label: SegmentContinuingAndDiscontinuedOperationsMember to label_SegmentContinuingAndDiscontinuedOperationsMember" xlink:to="label_SegmentContinuingAndDiscontinuedOperationsMember_2" xlink:type="arc"/>
    <label id="label_SegmentContinuingAndDiscontinuedOperationsMember_3" xlink:label="label_SegmentContinuingAndDiscontinuedOperationsMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_SegmentContinuingAndDiscontinuedOperationsMember" xlink:type="resource" xml:lang="en-US">Total</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentContinuingAndDiscontinuedOperationsMember" xlink:title="label: SegmentContinuingAndDiscontinuedOperationsMember to label_SegmentContinuingAndDiscontinuedOperationsMember" xlink:to="label_SegmentContinuingAndDiscontinuedOperationsMember_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosPartnerCreditFacilityMember" xlink:label="NaviosPartnerCreditFacilitMember" xlink:title="NaviosPartnerCreditFacilitMember" xlink:type="locator"/>
    <label id="label_NaviosPartnerCreditFacilitMember" xlink:label="label_NaviosPartnerCreditFacilitMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosPartnerCreditFacilitMember" xlink:type="resource" xml:lang="en-US">Navios Partner Credit Facility [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartnerCreditFacilitMember" xlink:title="label: NaviosPartnerCreditFacilitMember to label_NaviosPartnerCreditFacilitMember" xlink:to="label_NaviosPartnerCreditFacilitMember" xlink:type="arc"/>
    <label id="label_NaviosPartnerCreditFacilityMember" xlink:label="label_NaviosPartnerCreditFacilityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosPartnerCreditFacilityMember" xlink:type="resource" xml:lang="en-US">Navios Partner Credit Facility</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartnerCreditFacilitMember" xlink:title="label: NaviosPartnerCreditFacilityMember to label_NaviosPartnerCreditFacilityMember" xlink:to="label_NaviosPartnerCreditFacilityMember" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SeniorNotesCurrent" xlink:label="SeniorNotesCurrent" xlink:title="SeniorNotesCurrent" xlink:type="locator"/>
    <label id="label_SeniorNotesCurrent" xlink:label="label_SeniorNotesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeniorNotesCurrent" xlink:type="resource" xml:lang="en-US">Senior Notes, Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorNotesCurrent" xlink:title="label: SeniorNotesCurrent to label_SeniorNotesCurrent" xlink:to="label_SeniorNotesCurrent" xlink:type="arc"/>
    <label id="label_SeniorNotesCurrent_2" xlink:label="label_SeniorNotesCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeniorNotesCurrent" xlink:type="resource" xml:lang="en-US">Senior and ship mortgage notes, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorNotesCurrent" xlink:title="label: SeniorNotesCurrent to label_SeniorNotesCurrent" xlink:to="label_SeniorNotesCurrent_2" xlink:type="arc"/>
    <loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_IcfrAuditorAttestationFlag" xlink:label="IcfrAuditorAttestationFlag" xlink:title="IcfrAuditorAttestationFlag" xlink:type="locator"/>
    <label id="label_IcfrAuditorAttestationFlag" xlink:label="label_IcfrAuditorAttestationFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IcfrAuditorAttestationFlag" xlink:type="resource" xml:lang="en-US">ICFR Auditor Attestation Flag</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IcfrAuditorAttestationFlag" xlink:title="label: IcfrAuditorAttestationFlag to label_IcfrAuditorAttestationFlag" xlink:to="label_IcfrAuditorAttestationFlag" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_MoonstoneShippingCorporationMember" xlink:label="MoonstoneShippingCorporationMember" xlink:title="MoonstoneShippingCorporationMember" xlink:type="locator"/>
    <label id="label_MoonstoneShippingCorporationMember" xlink:label="label_MoonstoneShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MoonstoneShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Moonstone Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MoonstoneShippingCorporationMember" xlink:title="label: MoonstoneShippingCorporationMember to label_MoonstoneShippingCorporationMember" xlink:to="label_MoonstoneShippingCorporationMember" xlink:type="arc"/>
    <label id="label_MoonstoneShippingCorporationMember_2" xlink:label="label_MoonstoneShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MoonstoneShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Moonstone Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MoonstoneShippingCorporationMember" xlink:title="label: MoonstoneShippingCorporationMember to label_MoonstoneShippingCorporationMember" xlink:to="label_MoonstoneShippingCorporationMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_OpalShippingCorporationMember" xlink:label="OpalShippingCorporationMember" xlink:title="OpalShippingCorporationMember" xlink:type="locator"/>
    <label id="label_OpalShippingCorporationMember" xlink:label="label_OpalShippingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OpalShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Opal Shipping Corporation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OpalShippingCorporationMember" xlink:title="label: OpalShippingCorporationMember to label_OpalShippingCorporationMember" xlink:to="label_OpalShippingCorporationMember" xlink:type="arc"/>
    <label id="label_OpalShippingCorporationMember_2" xlink:label="label_OpalShippingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OpalShippingCorporationMember" xlink:type="resource" xml:lang="en-US">Opal Shipping Corporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OpalShippingCorporationMember" xlink:title="label: OpalShippingCorporationMember to label_OpalShippingCorporationMember" xlink:to="label_OpalShippingCorporationMember_2" xlink:type="arc"/>
    <loc xlink:href="https://xbrl.sec.gov/country/2020/country-2020-01-31.xsd#country_AU" xlink:label="AU" xlink:title="AU" xlink:type="locator"/>
    <label id="label_AU" xlink:label="label_AU" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AU" xlink:type="resource" xml:lang="en-US">AU</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AU" xlink:title="label: AU to label_AU" xlink:to="label_AU" xlink:type="arc"/>
    <label id="label_AU_2" xlink:label="label_AU_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AU" xlink:type="resource" xml:lang="en-US">Australia</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AU" xlink:title="label: AU to label_AU" xlink:to="label_AU_2" xlink:type="arc"/>
    <loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityIncorporationDateOfIncorporation" xlink:label="EntityIncorporationDateOfIncorporation" xlink:title="EntityIncorporationDateOfIncorporation" xlink:type="locator"/>
    <label id="label_EntityIncorporationDateOfIncorporation" xlink:label="label_EntityIncorporationDateOfIncorporation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityIncorporationDateOfIncorporation" xlink:type="resource" xml:lang="en-US">Entity incorporation date of incorporation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityIncorporationDateOfIncorporation" xlink:title="label: EntityIncorporationDateOfIncorporation to label_EntityIncorporationDateOfIncorporation" xlink:to="label_EntityIncorporationDateOfIncorporation" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentDecreaseForgiveness" xlink:label="DebtInstrumentDecreaseForgiveness" xlink:title="DebtInstrumentDecreaseForgiveness" xlink:type="locator"/>
    <label id="label_DebtInstrumentDecreaseForgiveness" xlink:label="label_DebtInstrumentDecreaseForgiveness" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentDecreaseForgiveness" xlink:type="resource" xml:lang="en-US">Debt Instrument Decrease Forgiveness</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentDecreaseForgiveness" xlink:title="label: DebtInstrumentDecreaseForgiveness to label_DebtInstrumentDecreaseForgiveness" xlink:to="label_DebtInstrumentDecreaseForgiveness" xlink:type="arc"/>
    <label id="label_DebtInstrumentDecreaseForgiveness_2" xlink:label="label_DebtInstrumentDecreaseForgiveness_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentDecreaseForgiveness" xlink:type="resource" xml:lang="en-US">Debt Instrument, Decrease, Forgiveness</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentDecreaseForgiveness" xlink:title="label: DebtInstrumentDecreaseForgiveness to label_DebtInstrumentDecreaseForgiveness" xlink:to="label_DebtInstrumentDecreaseForgiveness_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_PortTerminalRevenueMember" xlink:label="PortTerminalRevenueMember" xlink:title="PortTerminalRevenueMember" xlink:type="locator"/>
    <label id="label_PortTerminalRevenueMember" xlink:label="label_PortTerminalRevenueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PortTerminalRevenueMember" xlink:type="resource" xml:lang="en-US">Port Terminal Revenue [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortTerminalRevenueMember" xlink:title="label: PortTerminalRevenueMember to label_PortTerminalRevenueMember" xlink:to="label_PortTerminalRevenueMember" xlink:type="arc"/>
    <label id="label_PortTerminalRevenueMember_2" xlink:label="label_PortTerminalRevenueMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PortTerminalRevenueMember" xlink:type="resource" xml:lang="en-US">Port terminal revenue</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PortTerminalRevenueMember" xlink:title="label: PortTerminalRevenueMember to label_PortTerminalRevenueMember" xlink:to="label_PortTerminalRevenueMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DockageRevenueMember" xlink:label="DockageRevenueMember" xlink:title="DockageRevenueMember" xlink:type="locator"/>
    <label id="label_DockageRevenueMember" xlink:label="label_DockageRevenueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DockageRevenueMember" xlink:type="resource" xml:lang="en-US">Dockage Revenue [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DockageRevenueMember" xlink:title="label: DockageRevenueMember to label_DockageRevenueMember" xlink:to="label_DockageRevenueMember" xlink:type="arc"/>
    <label id="label_DockageRevenueMember_2" xlink:label="label_DockageRevenueMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DockageRevenueMember" xlink:type="resource" xml:lang="en-US">Dockage revenue</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DockageRevenueMember" xlink:title="label: DockageRevenueMember to label_DockageRevenueMember" xlink:to="label_DockageRevenueMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LiquidPortTerminalRevenueMember" xlink:label="LiquidPortTerminalRevenueMember" xlink:title="LiquidPortTerminalRevenueMember" xlink:type="locator"/>
    <label id="label_LiquidPortTerminalRevenueMember" xlink:label="label_LiquidPortTerminalRevenueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiquidPortTerminalRevenueMember" xlink:type="resource" xml:lang="en-US">Liquid Port Terminal Revenue [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquidPortTerminalRevenueMember" xlink:title="label: LiquidPortTerminalRevenueMember to label_LiquidPortTerminalRevenueMember" xlink:to="label_LiquidPortTerminalRevenueMember" xlink:type="arc"/>
    <label id="label_LiquidPortTerminalRevenueMember_2" xlink:label="label_LiquidPortTerminalRevenueMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiquidPortTerminalRevenueMember" xlink:type="resource" xml:lang="en-US">Liquid port terminal revenue</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquidPortTerminalRevenueMember" xlink:title="label: LiquidPortTerminalRevenueMember to label_LiquidPortTerminalRevenueMember" xlink:to="label_LiquidPortTerminalRevenueMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosAstraMember" xlink:label="NaviosAstraMember" xlink:title="NaviosAstraMember" xlink:type="locator"/>
    <label id="label_NaviosAstraMember" xlink:label="label_NaviosAstraMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosAstraMember" xlink:type="resource" xml:lang="en-US">Navios Astra [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAstraMember" xlink:title="label: NaviosAstraMember to label_NaviosAstraMember" xlink:to="label_NaviosAstraMember" xlink:type="arc"/>
    <label id="label_NaviosAstraMember_2" xlink:label="label_NaviosAstraMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosAstraMember" xlink:type="resource" xml:lang="en-US">Navios Astra</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosAstraMember" xlink:title="label: NaviosAstraMember to label_NaviosAstraMember" xlink:to="label_NaviosAstraMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosVictoryAndNaviosGemMember" xlink:label="NaviosVictoryAndNaviosGemMember" xlink:title="NaviosVictoryAndNaviosGemMember" xlink:type="locator"/>
    <label id="label_NaviosVictoryAndNaviosGemMember" xlink:label="label_NaviosVictoryAndNaviosGemMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosVictoryAndNaviosGemMember" xlink:type="resource" xml:lang="en-US">Navios Victory And Navios Gem [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosVictoryAndNaviosGemMember" xlink:title="label: NaviosVictoryAndNaviosGemMember to label_NaviosVictoryAndNaviosGemMember" xlink:to="label_NaviosVictoryAndNaviosGemMember" xlink:type="arc"/>
    <label id="label_NaviosVictoryAndNaviosGemMember_2" xlink:label="label_NaviosVictoryAndNaviosGemMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosVictoryAndNaviosGemMember" xlink:type="resource" xml:lang="en-US">Navios Victory and Navios Gem</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosVictoryAndNaviosGemMember" xlink:title="label: NaviosVictoryAndNaviosGemMember to label_NaviosVictoryAndNaviosGemMember" xlink:to="label_NaviosVictoryAndNaviosGemMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_JupiterNMember" xlink:label="JupiterNMember" xlink:title="JupiterNMember" xlink:type="locator"/>
    <label id="label_JupiterNMember" xlink:label="label_JupiterNMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_JupiterNMember" xlink:type="resource" xml:lang="en-US">Jupiter N [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JupiterNMember" xlink:title="label: JupiterNMember to label_JupiterNMember" xlink:to="label_JupiterNMember" xlink:type="arc"/>
    <label id="label_JupiterNMember_2" xlink:label="label_JupiterNMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_JupiterNMember" xlink:type="resource" xml:lang="en-US">Jupiter N</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JupiterNMember" xlink:title="label: JupiterNMember to label_JupiterNMember" xlink:to="label_JupiterNMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_RainbowNMember" xlink:label="RainbowNMember" xlink:title="RainbowNMember" xlink:type="locator"/>
    <label id="label_RainbowNMember" xlink:label="label_RainbowNMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RainbowNMember" xlink:type="resource" xml:lang="en-US">Rainbow N [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RainbowNMember" xlink:title="label: RainbowNMember to label_RainbowNMember" xlink:to="label_RainbowNMember" xlink:type="arc"/>
    <label id="label_RainbowNMember_2" xlink:label="label_RainbowNMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RainbowNMember" xlink:type="resource" xml:lang="en-US">Rainbow N</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RainbowNMember" xlink:title="label: RainbowNMember to label_RainbowNMember" xlink:to="label_RainbowNMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_JupiterNAndRainbowNMember" xlink:label="JupiterNAndRainbowNMember" xlink:title="JupiterNAndRainbowNMember" xlink:type="locator"/>
    <label id="label_JupiterNAndRainbowNMember" xlink:label="label_JupiterNAndRainbowNMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_JupiterNAndRainbowNMember" xlink:type="resource" xml:lang="en-US">Jupiter N and Rainbow N</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JupiterNAndRainbowNMember" xlink:title="label: JupiterNAndRainbowNMember to label_JupiterNAndRainbowNMember" xlink:to="label_JupiterNAndRainbowNMember" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosCanaryMember" xlink:label="NaviosCanaryMember" xlink:title="NaviosCanaryMember" xlink:type="locator"/>
    <label id="label_NaviosCanaryMember" xlink:label="label_NaviosCanaryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosCanaryMember" xlink:type="resource" xml:lang="en-US">Navios Canary</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosCanaryMember" xlink:title="label: NaviosCanaryMember to label_NaviosCanaryMember" xlink:to="label_NaviosCanaryMember" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TwoNewTanksMember" xlink:label="TwoNewTanksMember" xlink:title="TwoNewTanksMember" xlink:type="locator"/>
    <label id="label_TwoNewTanksMember" xlink:label="label_TwoNewTanksMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TwoNewTanksMember" xlink:type="resource" xml:lang="en-US">Construction of two new tanks</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwoNewTanksMember" xlink:title="label: TwoNewTanksMember to label_TwoNewTanksMember" xlink:to="label_TwoNewTanksMember" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DeliveryDateVessel" xlink:label="DeliveryDateVessel" xlink:title="DeliveryDateVessel" xlink:type="locator"/>
    <label id="label_DeliveryDateVessel" xlink:label="label_DeliveryDateVessel" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeliveryDateVessel" xlink:type="resource" xml:lang="en-US">Vessel delivery date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeliveryDateVessel" xlink:title="label: DeliveryDateVessel to label_DeliveryDateVessel" xlink:to="label_DeliveryDateVessel" xlink:type="arc"/>
    <label id="label_DeliveryDateVessel_2" xlink:label="label_DeliveryDateVessel_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DeliveryDateVessel" xlink:type="resource" xml:lang="en-US">The date of the vessel delivery to the Company.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeliveryDateVessel" xlink:title="label: DeliveryDateVessel to label_DeliveryDateVessel" xlink:to="label_DeliveryDateVessel_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CreditAgricoleFacilitiesMember" xlink:label="CreditAgricoleFacilitiesMember" xlink:title="CreditAgricoleFacilitiesMember" xlink:type="locator"/>
    <label id="label_CreditAgricoleFacilitiesMember" xlink:label="label_CreditAgricoleFacilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CreditAgricoleFacilitiesMember" xlink:type="resource" xml:lang="en-US">Credit Agricole Facilities [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CreditAgricoleFacilitiesMember" xlink:title="label: CreditAgricoleFacilitiesMember to label_CreditAgricoleFacilitiesMember" xlink:to="label_CreditAgricoleFacilitiesMember" xlink:type="arc"/>
    <label id="label_CreditAgricoleFacilitiesMember_2" xlink:label="label_CreditAgricoleFacilitiesMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CreditAgricoleFacilitiesMember" xlink:type="resource" xml:lang="en-US">Credit Agricole Facilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CreditAgricoleFacilitiesMember" xlink:title="label: CreditAgricoleFacilitiesMember to label_CreditAgricoleFacilitiesMember" xlink:to="label_CreditAgricoleFacilitiesMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromDebtNetOfIssuanceCosts" xlink:label="ProceedsFromDebtNetOfIssuanceCosts" xlink:title="ProceedsFromDebtNetOfIssuanceCosts" xlink:type="locator"/>
    <label id="label_ProceedsFromDebtNetOfIssuanceCosts" xlink:label="label_ProceedsFromDebtNetOfIssuanceCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromDebtNetOfIssuanceCosts" xlink:type="resource" xml:lang="en-US">Proceeds from Debt, Net of Issuance Costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromDebtNetOfIssuanceCosts" xlink:title="label: ProceedsFromDebtNetOfIssuanceCosts to label_ProceedsFromDebtNetOfIssuanceCosts" xlink:to="label_ProceedsFromDebtNetOfIssuanceCosts" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SaleAndLeasebackTransactionAgreementsMember" xlink:label="SaleAndLeasebackTransactionAgreementsMember" xlink:title="SaleAndLeasebackTransactionAgreementsMember" xlink:type="locator"/>
    <label id="label_SaleAndLeasebackTransactionAgreementsMember" xlink:label="label_SaleAndLeasebackTransactionAgreementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SaleAndLeasebackTransactionAgreementsMember" xlink:type="resource" xml:lang="en-US">Sale and leaseback transaction agreements [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleAndLeasebackTransactionAgreementsMember" xlink:title="label: SaleAndLeasebackTransactionAgreementsMember to label_SaleAndLeasebackTransactionAgreementsMember" xlink:to="label_SaleAndLeasebackTransactionAgreementsMember" xlink:type="arc"/>
    <label id="label_SaleAndLeasebackTransactionAgreementsMember_2" xlink:label="label_SaleAndLeasebackTransactionAgreementsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SaleAndLeasebackTransactionAgreementsMember" xlink:type="resource" xml:lang="en-US">Sale and leaseback transaction agreements</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleAndLeasebackTransactionAgreementsMember" xlink:title="label: SaleAndLeasebackTransactionAgreementsMember to label_SaleAndLeasebackTransactionAgreementsMember" xlink:to="label_SaleAndLeasebackTransactionAgreementsMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SeniorNotes2025Member" xlink:label="SeniorNotes2025Member" xlink:title="SeniorNotes2025Member" xlink:type="locator"/>
    <label id="label_SeniorNotes2025Member" xlink:label="label_SeniorNotes2025Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeniorNotes2025Member" xlink:type="resource" xml:lang="en-US">Senior Notes 2025 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorNotes2025Member" xlink:title="label: SeniorNotes2025Member to label_SeniorNotes2025Member" xlink:to="label_SeniorNotes2025Member" xlink:type="arc"/>
    <label id="label_SeniorNotes2025Member_2" xlink:label="label_SeniorNotes2025Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SeniorNotes2025Member" xlink:type="resource" xml:lang="en-US">2025 Notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorNotes2025Member" xlink:title="label: SeniorNotes2025Member to label_SeniorNotes2025Member" xlink:to="label_SeniorNotes2025Member_2" xlink:type="arc"/>
    <label id="label_SeniorNotes2025Member_3" xlink:label="label_SeniorNotes2025Member_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_SeniorNotes2025Member" xlink:type="resource" xml:lang="en-US">2025 Logistics Senior Notes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorNotes2025Member" xlink:title="label: SeniorNotes2025Member to label_SeniorNotes2025Member" xlink:to="label_SeniorNotes2025Member_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosCentaurusAndNaviosAviorMember" xlink:label="NaviosCentaurusAndNaviosAviorMember" xlink:title="NaviosCentaurusAndNaviosAviorMember" xlink:type="locator"/>
    <label id="label_NaviosCentaurusAndNaviosAviorMember" xlink:label="label_NaviosCentaurusAndNaviosAviorMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosCentaurusAndNaviosAviorMember" xlink:type="resource" xml:lang="en-US">Navios Centaurus and Navios Avior [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosCentaurusAndNaviosAviorMember" xlink:title="label: NaviosCentaurusAndNaviosAviorMember to label_NaviosCentaurusAndNaviosAviorMember" xlink:to="label_NaviosCentaurusAndNaviosAviorMember" xlink:type="arc"/>
    <label id="label_NaviosCentaurusAndNaviosAviorMember_2" xlink:label="label_NaviosCentaurusAndNaviosAviorMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosCentaurusAndNaviosAviorMember" xlink:type="resource" xml:lang="en-US">Navios Centaurus and Navios Avior</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosCentaurusAndNaviosAviorMember" xlink:title="label: NaviosCentaurusAndNaviosAviorMember to label_NaviosCentaurusAndNaviosAviorMember" xlink:to="label_NaviosCentaurusAndNaviosAviorMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeDomain" xlink:label="EquityMethodInvestmentNonconsolidatedInvesteeDomain" xlink:title="EquityMethodInvestmentNonconsolidatedInvesteeDomain" xlink:type="locator"/>
    <label id="label_EquityMethodInvestmentNonconsolidatedInvesteeDomain" xlink:label="label_EquityMethodInvestmentNonconsolidatedInvesteeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityMethodInvestmentNonconsolidatedInvesteeDomain" xlink:type="resource" xml:lang="en-US">Equity Method Investment, Nonconsolidated Investee [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentNonconsolidatedInvesteeDomain" xlink:title="label: EquityMethodInvestmentNonconsolidatedInvesteeDomain to label_EquityMethodInvestmentNonconsolidatedInvesteeDomain" xlink:to="label_EquityMethodInvestmentNonconsolidatedInvesteeDomain" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeAxis" xlink:label="EquityMethodInvestmentNonconsolidatedInvesteeAxis" xlink:title="EquityMethodInvestmentNonconsolidatedInvesteeAxis" xlink:type="locator"/>
    <label id="label_EquityMethodInvestmentNonconsolidatedInvesteeAxis" xlink:label="label_EquityMethodInvestmentNonconsolidatedInvesteeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityMethodInvestmentNonconsolidatedInvesteeAxis" xlink:type="resource" xml:lang="en-US">Equity Method Investment, Nonconsolidated Investee [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentNonconsolidatedInvesteeAxis" xlink:title="label: EquityMethodInvestmentNonconsolidatedInvesteeAxis to label_EquityMethodInvestmentNonconsolidatedInvesteeAxis" xlink:to="label_EquityMethodInvestmentNonconsolidatedInvesteeAxis" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ReverseStockSplitMember" xlink:label="ReverseStockSplitMember" xlink:title="ReverseStockSplitMember" xlink:type="locator"/>
    <label id="label_ReverseStockSplitMember" xlink:label="label_ReverseStockSplitMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReverseStockSplitMember" xlink:type="resource" xml:lang="en-US">Reverse Stock Split</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReverseStockSplitMember" xlink:title="label: ReverseStockSplitMember to label_ReverseStockSplitMember" xlink:to="label_ReverseStockSplitMember" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AfterReverseStockSplitMember" xlink:label="AfterReverseStockSplitMember" xlink:title="AfterReverseStockSplitMember" xlink:type="locator"/>
    <label id="label_AfterReverseStockSplitMember" xlink:label="label_AfterReverseStockSplitMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AfterReverseStockSplitMember" xlink:type="resource" xml:lang="en-US">After Reverse Stock Split</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AfterReverseStockSplitMember" xlink:title="label: AfterReverseStockSplitMember to label_AfterReverseStockSplitMember" xlink:to="label_AfterReverseStockSplitMember" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnrealizedGainLossOnInvestments" xlink:label="UnrealizedGainLossOnInvestments" xlink:title="UnrealizedGainLossOnInvestments" xlink:type="locator"/>
    <label id="label_UnrealizedGainLossOnInvestments" xlink:label="label_UnrealizedGainLossOnInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnrealizedGainLossOnInvestments" xlink:type="resource" xml:lang="en-US">Unrealized Gain Loss On Investments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnrealizedGainLossOnInvestments" xlink:title="label: UnrealizedGainLossOnInvestments to label_UnrealizedGainLossOnInvestments" xlink:to="label_UnrealizedGainLossOnInvestments" xlink:type="arc"/>
    <label id="label_UnrealizedGainLossOnInvestments_2" xlink:label="label_UnrealizedGainLossOnInvestments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UnrealizedGainLossOnInvestments" xlink:type="resource" xml:lang="en-US">Unrealized Gain/ (Loss) On &#x399;nvestments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnrealizedGainLossOnInvestments" xlink:title="label: UnrealizedGainLossOnInvestments to label_UnrealizedGainLossOnInvestments" xlink:to="label_UnrealizedGainLossOnInvestments_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseRemainingLeaseTerm" xlink:label="LesseeOperatingLeaseRemainingLeaseTerm" xlink:title="LesseeOperatingLeaseRemainingLeaseTerm" xlink:type="locator"/>
    <label id="label_LesseeOperatingLeaseRemainingLeaseTerm" xlink:label="label_LesseeOperatingLeaseRemainingLeaseTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LesseeOperatingLeaseRemainingLeaseTerm" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Remaining Lease Term</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseRemainingLeaseTerm" xlink:title="label: LesseeOperatingLeaseRemainingLeaseTerm to label_LesseeOperatingLeaseRemainingLeaseTerm" xlink:to="label_LesseeOperatingLeaseRemainingLeaseTerm" xlink:type="arc"/>
    <label id="label_LesseeOperatingLeaseRemainingLeaseTerm_2" xlink:label="label_LesseeOperatingLeaseRemainingLeaseTerm_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LesseeOperatingLeaseRemainingLeaseTerm" xlink:type="resource" xml:lang="en-US">Operating lease remaining lease term</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LesseeOperatingLeaseRemainingLeaseTerm" xlink:title="label: LesseeOperatingLeaseRemainingLeaseTerm to label_LesseeOperatingLeaseRemainingLeaseTerm" xlink:to="label_LesseeOperatingLeaseRemainingLeaseTerm_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TemporaryEquityOtherChanges" xlink:label="TemporaryEquityOtherChanges" xlink:title="TemporaryEquityOtherChanges" xlink:type="locator"/>
    <label id="label_TemporaryEquityOtherChanges" xlink:label="label_TemporaryEquityOtherChanges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TemporaryEquityOtherChanges" xlink:type="resource" xml:lang="en-US">Temporary Equity Other Changes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TemporaryEquityOtherChanges" xlink:title="label: TemporaryEquityOtherChanges to label_TemporaryEquityOtherChanges" xlink:to="label_TemporaryEquityOtherChanges" xlink:type="arc"/>
    <label id="label_TemporaryEquityOtherChanges_2" xlink:label="label_TemporaryEquityOtherChanges_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TemporaryEquityOtherChanges" xlink:type="resource" xml:lang="en-US">Other adjustments in accumulated deficit</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TemporaryEquityOtherChanges" xlink:title="label: TemporaryEquityOtherChanges to label_TemporaryEquityOtherChanges" xlink:to="label_TemporaryEquityOtherChanges_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CraneMember" xlink:label="CraneMember" xlink:title="CraneMember" xlink:type="locator"/>
    <label id="label_CraneMember" xlink:label="label_CraneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CraneMember" xlink:type="resource" xml:lang="en-US">Crane [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CraneMember" xlink:title="label: CraneMember to label_CraneMember" xlink:to="label_CraneMember" xlink:type="arc"/>
    <label id="label_CraneMember_2" xlink:label="label_CraneMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CraneMember" xlink:type="resource" xml:lang="en-US">Construction of a crane</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CraneMember" xlink:title="label: CraneMember to label_CraneMember" xlink:to="label_CraneMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NSMLoan50Member" xlink:label="NSMLoan50Member" xlink:title="NSMLoan50Member" xlink:type="locator"/>
    <label id="label_NSMLoan50Member" xlink:label="label_NSMLoan50Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NSMLoan50Member" xlink:type="resource" xml:lang="en-US">NSM Loan 50 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NSMLoan50Member" xlink:title="label: NSMLoan50Member to label_NSMLoan50Member" xlink:to="label_NSMLoan50Member" xlink:type="arc"/>
    <label id="label_NSMLoan50Member_2" xlink:label="label_NSMLoan50Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NSMLoan50Member" xlink:type="resource" xml:lang="en-US">$50.0 million NSM Loan (including accrued interest of $326 and $0, respectively)</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NSMLoan50Member" xlink:title="label: NSMLoan50Member to label_NSMLoan50Member" xlink:to="label_NSMLoan50Member_2" xlink:type="arc"/>
    <label id="label_NSMLoan50Member_3" xlink:label="label_NSMLoan50Member_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NSMLoan50Member" xlink:type="resource" xml:lang="en-US">$50.0 million NSM Loan</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NSMLoan50Member" xlink:title="label: NSMLoan50Member to label_NSMLoan50Member" xlink:to="label_NSMLoan50Member_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NewNaviosLogisticsBBVALoanFacilityMember" xlink:label="NewNaviosLogisticsBBVALoanFacilityMember" xlink:title="NewNaviosLogisticsBBVALoanFacilityMember" xlink:type="locator"/>
    <label id="label_NewNaviosLogisticsBBVALoanFacilityMember" xlink:label="label_NewNaviosLogisticsBBVALoanFacilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NewNaviosLogisticsBBVALoanFacilityMember" xlink:type="resource" xml:lang="en-US">New Navios Logistics BBVA Loan Facility [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewNaviosLogisticsBBVALoanFacilityMember" xlink:title="label: NewNaviosLogisticsBBVALoanFacilityMember to label_NewNaviosLogisticsBBVALoanFacilityMember" xlink:to="label_NewNaviosLogisticsBBVALoanFacilityMember" xlink:type="arc"/>
    <label id="label_NewNaviosLogisticsBBVALoanFacilityMember_2" xlink:label="label_NewNaviosLogisticsBBVALoanFacilityMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NewNaviosLogisticsBBVALoanFacilityMember" xlink:type="resource" xml:lang="en-US">Navios Logistics New BBVA Loan Facility</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewNaviosLogisticsBBVALoanFacilityMember" xlink:title="label: NewNaviosLogisticsBBVALoanFacilityMember to label_NewNaviosLogisticsBBVALoanFacilityMember" xlink:to="label_NewNaviosLogisticsBBVALoanFacilityMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SellerCreditAgreementMember" xlink:label="SellerCreditAgreementMember" xlink:title="SellerCreditAgreementMember" xlink:type="locator"/>
    <label id="label_SellerCreditAgreementMember" xlink:label="label_SellerCreditAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SellerCreditAgreementMember" xlink:type="resource" xml:lang="en-US">Seller Credit Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellerCreditAgreementMember" xlink:title="label: SellerCreditAgreementMember to label_SellerCreditAgreementMember" xlink:to="label_SellerCreditAgreementMember" xlink:type="arc"/>
    <label id="label_SellerCreditAgreementMember_2" xlink:label="label_SellerCreditAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SellerCreditAgreementMember" xlink:type="resource" xml:lang="en-US">Seller&#x2019;s Credit Agreement for the construction of six liquid barges</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellerCreditAgreementMember" xlink:title="label: SellerCreditAgreementMember to label_SellerCreditAgreementMember" xlink:to="label_SellerCreditAgreementMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_SaleAndLeasebackAgreementMember" xlink:label="SaleAndLeasebackAgreementMember" xlink:title="SaleAndLeasebackAgreementMember" xlink:type="locator"/>
    <label id="label_SaleAndLeasebackAgreementMember" xlink:label="label_SaleAndLeasebackAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SaleAndLeasebackAgreementMember" xlink:type="resource" xml:lang="en-US">Sale and Leaseback Agreements</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleAndLeasebackAgreementMember" xlink:title="label: SaleAndLeasebackAgreementMember to label_SaleAndLeasebackAgreementMember" xlink:to="label_SaleAndLeasebackAgreementMember" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromLongTermLinesOfCredit" xlink:label="ProceedsFromLongTermLinesOfCredit" xlink:title="ProceedsFromLongTermLinesOfCredit" xlink:type="locator"/>
    <label id="label_ProceedsFromLongTermLinesOfCredit" xlink:label="label_ProceedsFromLongTermLinesOfCredit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromLongTermLinesOfCredit" xlink:type="resource" xml:lang="en-US">Proceeds from long term lines of credit</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromLongTermLinesOfCredit" xlink:title="label: ProceedsFromLongTermLinesOfCredit to label_ProceedsFromLongTermLinesOfCredit" xlink:to="label_ProceedsFromLongTermLinesOfCredit" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SaleLeasebackTransactionAmountDueUnderFinancingArrangement" xlink:label="SaleLeasebackTransactionAmountDueUnderFinancingArrangement" xlink:title="SaleLeasebackTransactionAmountDueUnderFinancingArrangement" xlink:type="locator"/>
    <label id="label_SaleLeasebackTransactionAmountDueUnderFinancingArrangement" xlink:label="label_SaleLeasebackTransactionAmountDueUnderFinancingArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SaleLeasebackTransactionAmountDueUnderFinancingArrangement" xlink:type="resource" xml:lang="en-US">Finance lease liability</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleLeasebackTransactionAmountDueUnderFinancingArrangement" xlink:title="label: SaleLeasebackTransactionAmountDueUnderFinancingArrangement to label_SaleLeasebackTransactionAmountDueUnderFinancingArrangement" xlink:to="label_SaleLeasebackTransactionAmountDueUnderFinancingArrangement" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NumberOfRepaymentInstallment" xlink:label="NumberOfRepaymentInstallment" xlink:title="NumberOfRepaymentInstallment" xlink:type="locator"/>
    <label id="label_NumberOfRepaymentInstallment" xlink:label="label_NumberOfRepaymentInstallment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfRepaymentInstallment" xlink:type="resource" xml:lang="en-US">Number of repayment installments of an agreement.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRepaymentInstallment" xlink:title="label: NumberOfRepaymentInstallment to label_NumberOfRepaymentInstallment" xlink:to="label_NumberOfRepaymentInstallment" xlink:type="arc"/>
    <label id="label_NumberOfRepaymentInstallment_2" xlink:label="label_NumberOfRepaymentInstallment_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfRepaymentInstallment" xlink:type="resource" xml:lang="en-US">Number of repayment installments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRepaymentInstallment" xlink:title="label: NumberOfRepaymentInstallment to label_NumberOfRepaymentInstallment" xlink:to="label_NumberOfRepaymentInstallment_2" xlink:type="arc"/>
    <label id="label_NumberOfRepaymentInstallment_3" xlink:label="label_NumberOfRepaymentInstallment_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfRepaymentInstallment" xlink:type="resource" xml:lang="en-US">Number of installments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRepaymentInstallment" xlink:title="label: NumberOfRepaymentInstallment to label_NumberOfRepaymentInstallment" xlink:to="label_NumberOfRepaymentInstallment_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FinanceLeaseLiabilityMaturityDate" xlink:label="FinanceLeaseLiabilityMaturityDate" xlink:title="FinanceLeaseLiabilityMaturityDate" xlink:type="locator"/>
    <label id="label_FinanceLeaseLiabilityMaturityDate" xlink:label="label_FinanceLeaseLiabilityMaturityDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinanceLeaseLiabilityMaturityDate" xlink:type="resource" xml:lang="en-US">Date the finance lease liability terminates, in CCYY-MM-DD format.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeaseLiabilityMaturityDate" xlink:title="label: FinanceLeaseLiabilityMaturityDate to label_FinanceLeaseLiabilityMaturityDate" xlink:to="label_FinanceLeaseLiabilityMaturityDate" xlink:type="arc"/>
    <label id="label_FinanceLeaseLiabilityMaturityDate_2" xlink:label="label_FinanceLeaseLiabilityMaturityDate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinanceLeaseLiabilityMaturityDate" xlink:type="resource" xml:lang="en-US">Finance Lease Liability, Maturity Date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeaseLiabilityMaturityDate" xlink:title="label: FinanceLeaseLiabilityMaturityDate to label_FinanceLeaseLiabilityMaturityDate" xlink:to="label_FinanceLeaseLiabilityMaturityDate_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_FinanceLeaseLiabilityPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:label="FinanceLeaseLiabilityPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:title="FinanceLeaseLiabilityPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:type="locator"/>
    <label id="label_FinanceLeaseLiabilityPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:label="label_FinanceLeaseLiabilityPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinanceLeaseLiabilityPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:type="resource" xml:lang="en-US">Amount of payment greater than the preceding installment payments to be paid at final maturity date of finance lease liability.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeaseLiabilityPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:title="label: FinanceLeaseLiabilityPeriodicPaymentTermsBalloonPaymentToBePaid to label_FinanceLeaseLiabilityPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:to="label_FinanceLeaseLiabilityPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:type="arc"/>
    <label id="label_FinanceLeaseLiabilityPeriodicPaymentTermsBalloonPaymentToBePaid_2" xlink:label="label_FinanceLeaseLiabilityPeriodicPaymentTermsBalloonPaymentToBePaid_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinanceLeaseLiabilityPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:type="resource" xml:lang="en-US">Finance Lease Liability Periodic Payment Terms Balloon Payment To Be Paid</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeaseLiabilityPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:title="label: FinanceLeaseLiabilityPeriodicPaymentTermsBalloonPaymentToBePaid to label_FinanceLeaseLiabilityPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:to="label_FinanceLeaseLiabilityPeriodicPaymentTermsBalloonPaymentToBePaid_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CapesizeVesselAMember" xlink:label="CapesizeVesselAMember" xlink:title="CapesizeVesselAMember" xlink:type="locator"/>
    <label id="label_CapesizeVesselAMember" xlink:label="label_CapesizeVesselAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CapesizeVesselAMember" xlink:type="resource" xml:lang="en-US">Capesize Vessel A</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapesizeVesselAMember" xlink:title="label: CapesizeVesselAMember to label_CapesizeVesselAMember" xlink:to="label_CapesizeVesselAMember" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_CapesizeVesselBMember" xlink:label="CapesizeVesselBMember" xlink:title="CapesizeVesselBMember" xlink:type="locator"/>
    <label id="label_CapesizeVesselBMember" xlink:label="label_CapesizeVesselBMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CapesizeVesselBMember" xlink:type="resource" xml:lang="en-US">Capesize Vessel B</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapesizeVesselBMember" xlink:title="label: CapesizeVesselBMember to label_CapesizeVesselBMember" xlink:to="label_CapesizeVesselBMember" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_TwoCapesizeVesselsMember" xlink:label="TwoCapesizeVesselsMember" xlink:title="TwoCapesizeVesselsMember" xlink:type="locator"/>
    <label id="label_TwoCapesizeVesselsMember" xlink:label="label_TwoCapesizeVesselsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TwoCapesizeVesselsMember" xlink:type="resource" xml:lang="en-US">A and B Capesize Vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TwoCapesizeVesselsMember" xlink:title="label: TwoCapesizeVesselsMember to label_TwoCapesizeVesselsMember" xlink:to="label_TwoCapesizeVesselsMember" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:label="NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:title="NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:type="locator"/>
    <label id="label_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:label="label_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:type="resource" xml:lang="en-US">Sale of vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:title="label: NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1 to label_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:to="label_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:type="arc"/>
    <label id="label_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1_2" xlink:label="label_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:type="resource" xml:lang="en-US">Net liabilities included in sale price</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:title="label: NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1 to label_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:to="label_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_AdministrativeServicesRevenue1" xlink:label="AdministrativeServicesRevenue1" xlink:title="AdministrativeServicesRevenue1" xlink:type="locator"/>
    <label id="label_AdministrativeServicesRevenue1" xlink:label="label_AdministrativeServicesRevenue1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdministrativeServicesRevenue1" xlink:type="resource" xml:lang="en-US">Amount of revenue from providing administrative services, including, but not limited to, accounting, tax, legal, regulatory filing, and share registration activities of managed funds and investment accounts of independent third parties and related and affiliated entities.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdministrativeServicesRevenue1" xlink:title="label: AdministrativeServicesRevenue1 to label_AdministrativeServicesRevenue1" xlink:to="label_AdministrativeServicesRevenue1" xlink:type="arc"/>
    <label id="label_AdministrativeServicesRevenue1_2" xlink:label="label_AdministrativeServicesRevenue1_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdministrativeServicesRevenue1" xlink:type="resource" xml:lang="en-US">Administrative fee revenue from affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdministrativeServicesRevenue1" xlink:title="label: AdministrativeServicesRevenue1 to label_AdministrativeServicesRevenue1" xlink:to="label_AdministrativeServicesRevenue1_2" xlink:type="arc"/>
    <label id="label_AdministrativeServicesRevenue1_3" xlink:label="label_AdministrativeServicesRevenue1_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdministrativeServicesRevenue1" xlink:type="resource" xml:lang="en-US">Administrative Services Revenue1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdministrativeServicesRevenue1" xlink:title="label: AdministrativeServicesRevenue1 to label_AdministrativeServicesRevenue1" xlink:to="label_AdministrativeServicesRevenue1_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredIncomeTaxLiabilitiesNet" xlink:label="DeferredIncomeTaxLiabilitiesNet" xlink:title="DeferredIncomeTaxLiabilitiesNet" xlink:type="locator"/>
    <label id="label_DeferredIncomeTaxLiabilitiesNet" xlink:label="label_DeferredIncomeTaxLiabilitiesNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredIncomeTaxLiabilitiesNet" xlink:type="resource" xml:lang="en-US">Deferred Income Tax Liabilities Net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncomeTaxLiabilitiesNet" xlink:title="label: DeferredIncomeTaxLiabilitiesNet to label_DeferredIncomeTaxLiabilitiesNet" xlink:to="label_DeferredIncomeTaxLiabilitiesNet" xlink:type="arc"/>
    <label id="label_DeferredIncomeTaxLiabilitiesNet_2" xlink:label="label_DeferredIncomeTaxLiabilitiesNet_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredIncomeTaxLiabilitiesNet" xlink:type="resource" xml:lang="en-US">Deferred tax liability</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncomeTaxLiabilitiesNet" xlink:title="label: DeferredIncomeTaxLiabilitiesNet to label_DeferredIncomeTaxLiabilitiesNet" xlink:to="label_DeferredIncomeTaxLiabilitiesNet_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueOfAssetsAcquired" xlink:label="FairValueOfAssetsAcquired" xlink:title="FairValueOfAssetsAcquired" xlink:type="locator"/>
    <label id="label_FairValueOfAssetsAcquired" xlink:label="label_FairValueOfAssetsAcquired" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueOfAssetsAcquired" xlink:type="resource" xml:lang="en-US">Fair Value Of Assets Acquired</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueOfAssetsAcquired" xlink:title="label: FairValueOfAssetsAcquired to label_FairValueOfAssetsAcquired" xlink:to="label_FairValueOfAssetsAcquired" xlink:type="arc"/>
    <label id="label_FairValueOfAssetsAcquired_2" xlink:label="label_FairValueOfAssetsAcquired_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_FairValueOfAssetsAcquired" xlink:type="resource" xml:lang="en-US">Acquisition of/additions to vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueOfAssetsAcquired" xlink:title="label: FairValueOfAssetsAcquired to label_FairValueOfAssetsAcquired" xlink:to="label_FairValueOfAssetsAcquired_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset" xlink:label="ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset" xlink:title="ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset" xlink:type="locator"/>
    <label id="label_ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset" xlink:label="label_ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset" xlink:type="resource" xml:lang="en-US">Consideration Received For Beneficial Interest Obtained For Transferring Financial Asset</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset" xlink:title="label: ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset to label_ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset" xlink:to="label_ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset" xlink:type="arc"/>
    <label id="label_ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset_2" xlink:label="label_ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset" xlink:type="resource" xml:lang="en-US">Proceeds from seller&#x2019;s credit agreement for the construction of six liquid barges</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset" xlink:title="label: ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset to label_ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset" xlink:to="label_ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_LiabilitiesCurrentExcludingOperatingLeaseLiability" xlink:label="LiabilitiesCurrentExcludingOperatingLeaseLiability" xlink:title="LiabilitiesCurrentExcludingOperatingLeaseLiability" xlink:type="locator"/>
    <label id="label_LiabilitiesCurrentExcludingOperatingLeaseLiability" xlink:label="label_LiabilitiesCurrentExcludingOperatingLeaseLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesCurrentExcludingOperatingLeaseLiability" xlink:type="resource" xml:lang="en-US">Liabilities Current Excluding Operating Lease Liability</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesCurrentExcludingOperatingLeaseLiability" xlink:title="label: LiabilitiesCurrentExcludingOperatingLeaseLiability to label_LiabilitiesCurrentExcludingOperatingLeaseLiability" xlink:to="label_LiabilitiesCurrentExcludingOperatingLeaseLiability" xlink:type="arc"/>
    <label id="label_LiabilitiesCurrentExcludingOperatingLeaseLiability_2" xlink:label="label_LiabilitiesCurrentExcludingOperatingLeaseLiability_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiabilitiesCurrentExcludingOperatingLeaseLiability" xlink:type="resource" xml:lang="en-US">Liabilities current excluding operating lease liability</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesCurrentExcludingOperatingLeaseLiability" xlink:title="label: LiabilitiesCurrentExcludingOperatingLeaseLiability to label_LiabilitiesCurrentExcludingOperatingLeaseLiability" xlink:to="label_LiabilitiesCurrentExcludingOperatingLeaseLiability_2" xlink:type="arc"/>
    <label id="label_LiabilitiesCurrentExcludingOperatingLeaseLiability_3" xlink:label="label_LiabilitiesCurrentExcludingOperatingLeaseLiability_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LiabilitiesCurrentExcludingOperatingLeaseLiability" xlink:type="resource" xml:lang="en-US">Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer, excluding operating lease liabilities.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesCurrentExcludingOperatingLeaseLiability" xlink:title="label: LiabilitiesCurrentExcludingOperatingLeaseLiability to label_LiabilitiesCurrentExcludingOperatingLeaseLiability" xlink:to="label_LiabilitiesCurrentExcludingOperatingLeaseLiability_3" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosPartnersMergerMember" xlink:label="NaviosPartnersMergerMember" xlink:title="NaviosPartnersMergerMember" xlink:type="locator"/>
    <label id="label_NaviosPartnersMergerMember" xlink:label="label_NaviosPartnersMergerMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosPartnersMergerMember" xlink:type="resource" xml:lang="en-US">Navios Partners Merger [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartnersMergerMember" xlink:title="label: NaviosPartnersMergerMember to label_NaviosPartnersMergerMember" xlink:to="label_NaviosPartnersMergerMember" xlink:type="arc"/>
    <label id="label_NaviosPartnersMergerMember_2" xlink:label="label_NaviosPartnersMergerMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosPartnersMergerMember" xlink:type="resource" xml:lang="en-US">Navios Partners Merger</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosPartnersMergerMember" xlink:title="label: NaviosPartnersMergerMember to label_NaviosPartnersMergerMember" xlink:to="label_NaviosPartnersMergerMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionNameOfAcquiredEntity" xlink:label="BusinessAcquisitionNameOfAcquiredEntity" xlink:title="BusinessAcquisitionNameOfAcquiredEntity" xlink:type="locator"/>
    <label id="label_BusinessAcquisitionNameOfAcquiredEntity" xlink:label="label_BusinessAcquisitionNameOfAcquiredEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessAcquisitionNameOfAcquiredEntity" xlink:type="resource" xml:lang="en-US">Business Acquisition, Name of Acquired Entity</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessAcquisitionNameOfAcquiredEntity" xlink:title="label: BusinessAcquisitionNameOfAcquiredEntity to label_BusinessAcquisitionNameOfAcquiredEntity" xlink:to="label_BusinessAcquisitionNameOfAcquiredEntity" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued" xlink:label="BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued" xlink:title="BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued" xlink:type="locator"/>
    <label id="label_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued" xlink:label="label_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued" xlink:type="resource" xml:lang="en-US">Business Acquisition, Equity Interest Issued or Issuable, Number of Shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued" xlink:title="label: BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued to label_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued" xlink:to="label_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessAcquisitionEquityInterestIssuedOrIssuableBasisForDeterminingValue" xlink:label="BusinessAcquisitionEquityInterestIssuedOrIssuableBasisForDeterminingValue" xlink:title="BusinessAcquisitionEquityInterestIssuedOrIssuableBasisForDeterminingValue" xlink:type="locator"/>
    <label id="label_BusinessAcquisitionEquityInterestIssuedOrIssuableBasisForDeterminingValue" xlink:label="label_BusinessAcquisitionEquityInterestIssuedOrIssuableBasisForDeterminingValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessAcquisitionEquityInterestIssuedOrIssuableBasisForDeterminingValue" xlink:type="resource" xml:lang="en-US">Business Acquisition, Equity Interest Issued or Issuable, Basis for Determining Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessAcquisitionEquityInterestIssuedOrIssuableBasisForDeterminingValue" xlink:title="label: BusinessAcquisitionEquityInterestIssuedOrIssuableBasisForDeterminingValue to label_BusinessAcquisitionEquityInterestIssuedOrIssuableBasisForDeterminingValue" xlink:to="label_BusinessAcquisitionEquityInterestIssuedOrIssuableBasisForDeterminingValue" xlink:type="arc"/>
    <label id="label_BusinessAcquisitionEquityInterestIssuedOrIssuableBasisForDeterminingValue_2" xlink:label="label_BusinessAcquisitionEquityInterestIssuedOrIssuableBasisForDeterminingValue_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BusinessAcquisitionEquityInterestIssuedOrIssuableBasisForDeterminingValue" xlink:type="resource" xml:lang="en-US">Exchange ratio</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessAcquisitionEquityInterestIssuedOrIssuableBasisForDeterminingValue" xlink:title="label: BusinessAcquisitionEquityInterestIssuedOrIssuableBasisForDeterminingValue to label_BusinessAcquisitionEquityInterestIssuedOrIssuableBasisForDeterminingValue" xlink:to="label_BusinessAcquisitionEquityInterestIssuedOrIssuableBasisForDeterminingValue_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_DebtInstrumentRedemption2025LogisticsSeniorNotesMember" xlink:label="DebtInstrumentRedemption2025LogisticsSeniorNotesMember" xlink:title="DebtInstrumentRedemption2025LogisticsSeniorNotesMember" xlink:type="locator"/>
    <label id="label_DebtInstrumentRedemption2025LogisticsSeniorNotesMember" xlink:label="label_DebtInstrumentRedemption2025LogisticsSeniorNotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentRedemption2025LogisticsSeniorNotesMember" xlink:type="resource" xml:lang="en-US">On or after August 1, 2022</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemption2025LogisticsSeniorNotesMember" xlink:title="label: DebtInstrumentRedemption2025LogisticsSeniorNotesMember to label_DebtInstrumentRedemption2025LogisticsSeniorNotesMember" xlink:to="label_DebtInstrumentRedemption2025LogisticsSeniorNotesMember" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermNonBankLoansAndNotesPayable" xlink:label="ShortTermNonBankLoansAndNotesPayable" xlink:title="ShortTermNonBankLoansAndNotesPayable" xlink:type="locator"/>
    <label id="label_ShortTermNonBankLoansAndNotesPayable" xlink:label="label_ShortTermNonBankLoansAndNotesPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShortTermNonBankLoansAndNotesPayable" xlink:type="resource" xml:lang="en-US">Short term non bank loans and notes payable</label>
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    <loc xlink:href="nm-20201231.xsd#nm_DebtInstrumentRedemption2025LogisticsSeniorNotesIMember" xlink:label="DebtInstrumentRedemption2025LogisticsSeniorNotesIMember" xlink:title="DebtInstrumentRedemption2025LogisticsSeniorNotesIMember" xlink:type="locator"/>
    <label id="label_DebtInstrumentRedemption2025LogisticsSeniorNotesIMember" xlink:label="label_DebtInstrumentRedemption2025LogisticsSeniorNotesIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentRedemption2025LogisticsSeniorNotesIMember" xlink:type="resource" xml:lang="en-US">Prior to August 1, 2022</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemption2025LogisticsSeniorNotesIMember" xlink:title="label: DebtInstrumentRedemption2025LogisticsSeniorNotesIMember to label_DebtInstrumentRedemption2025LogisticsSeniorNotesIMember" xlink:to="label_DebtInstrumentRedemption2025LogisticsSeniorNotesIMember" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_NaviosLogisticsFleetMember" xlink:label="NaviosLogisticsFleetMember" xlink:title="NaviosLogisticsFleetMember" xlink:type="locator"/>
    <label id="label_NaviosLogisticsFleetMember" xlink:label="label_NaviosLogisticsFleetMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosLogisticsFleetMember" xlink:type="resource" xml:lang="en-US">Navios Logistics Fleet [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsFleetMember" xlink:title="label: NaviosLogisticsFleetMember to label_NaviosLogisticsFleetMember" xlink:to="label_NaviosLogisticsFleetMember" xlink:type="arc"/>
    <label id="label_NaviosLogisticsFleetMember_2" xlink:label="label_NaviosLogisticsFleetMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosLogisticsFleetMember" xlink:type="resource" xml:lang="en-US">Navios Logistics' 2020 fleet</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NaviosLogisticsFleetMember" xlink:title="label: NaviosLogisticsFleetMember to label_NaviosLogisticsFleetMember" xlink:to="label_NaviosLogisticsFleetMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodEndDate" xlink:label="DebtInstrumentRedemptionPeriodEndDate" xlink:title="DebtInstrumentRedemptionPeriodEndDate" xlink:type="locator"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentRedemptionPeriodEndDate" xlink:title="label: DebtInstrumentRedemptionPeriodEndDate to label_DebtInstrumentRedemptionPeriodEndDate" xlink:to="label_DebtInstrumentRedemptionPeriodEndDate" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_StorageAndTransshipmentContractMember" xlink:label="StorageAndTransshipmentContractMember" xlink:title="StorageAndTransshipmentContractMember" xlink:type="locator"/>
    <label id="label_StorageAndTransshipmentContractMember" xlink:label="label_StorageAndTransshipmentContractMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StorageAndTransshipmentContractMember" xlink:type="resource" xml:lang="en-US">Storage And Transshipment Contract [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StorageAndTransshipmentContractMember" xlink:title="label: StorageAndTransshipmentContractMember to label_StorageAndTransshipmentContractMember" xlink:to="label_StorageAndTransshipmentContractMember" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StorageAndTransshipmentContractMember" xlink:title="label: StorageAndTransshipmentContractMember to label_StorageAndTransshipmentContractMember" xlink:to="label_StorageAndTransshipmentContractMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20201231.xsd#nm_ReportingUnitZeroOrNegativeCarryingAmount" xlink:label="ReportingUnitZeroOrNegativeCarryingAmount" xlink:title="ReportingUnitZeroOrNegativeCarryingAmount" xlink:type="locator"/>
    <label id="label_ReportingUnitZeroOrNegativeCarryingAmount" xlink:label="label_ReportingUnitZeroOrNegativeCarryingAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReportingUnitZeroOrNegativeCarryingAmount" xlink:type="resource" xml:lang="en-US">The carrying value allocated to reporting unit with zero or negative amount of net assets.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReportingUnitZeroOrNegativeCarryingAmount" xlink:title="label: ReportingUnitZeroOrNegativeCarryingAmount to label_ReportingUnitZeroOrNegativeCarryingAmount" xlink:to="label_ReportingUnitZeroOrNegativeCarryingAmount" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReportingUnitZeroOrNegativeCarryingAmount" xlink:title="label: ReportingUnitZeroOrNegativeCarryingAmount to label_ReportingUnitZeroOrNegativeCarryingAmount" xlink:to="label_ReportingUnitZeroOrNegativeCarryingAmount_2" xlink:type="arc"/>
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