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  <roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" xlink:type="simple"/>
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  <labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <loc xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_AR" xlink:label="country_AR" xlink:type="locator"/>
    <label xlink:label="country_AR_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Argentina</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_AR" xlink:to="country_AR_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_BR" xlink:label="country_BR" xlink:type="locator"/>
    <label xlink:label="country_BR_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Brazil</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_BR" xlink:to="country_BR_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_PY" xlink:label="country_PY" xlink:type="locator"/>
    <label xlink:label="country_PY_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Paraguay</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_PY" xlink:to="country_PY_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" xlink:type="locator"/>
    <label xlink:label="dei_AmendmentFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amendment Flag</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" xlink:type="locator"/>
    <label xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Fiscal Year End Date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" xlink:type="locator"/>
    <label xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Period Focus</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" xlink:type="locator"/>
    <label xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Year Focus</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" xlink:type="locator"/>
    <label xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Period End Date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType" xlink:label="dei_DocumentType" xlink:type="locator"/>
    <label xlink:label="dei_DocumentType_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Type</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntitiesTable" xlink:label="dei_EntitiesTable" xlink:type="locator"/>
    <label xlink:label="dei_EntitiesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entities Table [Table]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitiesTable" xlink:to="dei_EntitiesTable_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" xlink:type="locator"/>
    <label xlink:label="dei_EntityCentralIndexKey_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" xlink:type="locator"/>
    <label xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Common Stock Shares Outstanding</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" xlink:type="locator"/>
    <label xlink:label="dei_EntityCurrentReportingStatus_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Current Reporting Status</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="dei_EntityDomain" xlink:type="locator"/>
    <label xlink:label="dei_EntityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityDomain" xlink:to="dei_EntityDomain_lbl" xlink:type="arc"/>
    <label xlink:label="dei_EntityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Company Name</label>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" xlink:type="locator"/>
    <label xlink:label="dei_EntityFilerCategory_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Filer Category</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityIncorporationStateCountryName" xlink:label="dei_EntityIncorporationStateCountryName" xlink:type="locator"/>
    <label xlink:label="dei_EntityIncorporationStateCountryName_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Incorporation State Country Name</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryName" xlink:to="dei_EntityIncorporationStateCountryName_lbl" xlink:type="arc"/>
    <label xlink:label="dei_EntityIncorporationStateCountryName_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Country of Incorporation</label>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityInformationLineItems" xlink:label="dei_EntityInformationLineItems" xlink:type="locator"/>
    <label xlink:label="dei_EntityInformationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Information [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInformationLineItems" xlink:to="dei_EntityInformationLineItems_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" xlink:type="locator"/>
    <label xlink:label="dei_EntityRegistrantName_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" xlink:type="locator"/>
    <label xlink:label="dei_EntityVoluntaryFilers_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Voluntary Filers</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" xlink:type="locator"/>
    <label xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Well Known Seasoned Issuer</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="dei_LegalEntityAxis" xlink:type="locator"/>
    <label xlink:label="dei_LegalEntityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal Entity [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="dei_LegalEntityAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" xlink:type="locator"/>
    <label xlink:label="dei_TradingSymbol_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading Symbol</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.xsd#nm_AboveMarketLeases1Member" xlink:label="nm_AboveMarketLeases1Member" xlink:type="locator"/>
    <label xlink:label="nm_AboveMarketLeases1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Above Market Leases 1 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_AboveMarketLeases1Member" xlink:to="nm_AboveMarketLeases1Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AboveMarketLeases1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Favorable lease terms</label>
    <loc xlink:href="nm-20161231.xsd#nm_AcceleratedAmortizationDeferredFinanceCostsMember" xlink:label="nm_AcceleratedAmortizationDeferredFinanceCostsMember" xlink:type="locator"/>
    <label xlink:label="nm_AcceleratedAmortizationDeferredFinanceCostsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accelerated Amortization Deferred Finance Costs [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_AcceleratedAmortizationDeferredFinanceCostsMember" xlink:to="nm_AcceleratedAmortizationDeferredFinanceCostsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AcceleratedAmortizationDeferredFinanceCostsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accelerated amortization of the deferred finance costs</label>
    <loc xlink:href="nm-20161231.xsd#nm_AcceleratedAmortizationMember" xlink:label="nm_AcceleratedAmortizationMember" xlink:type="locator"/>
    <label xlink:label="nm_AcceleratedAmortizationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accelerated Amortization [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_AcceleratedAmortizationMember" xlink:to="nm_AcceleratedAmortizationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AcceleratedAmortizationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accelerated Amortization</label>
    <loc xlink:href="nm-20161231.xsd#nm_AcceleratedAmortizationPremiumMember" xlink:label="nm_AcceleratedAmortizationPremiumMember" xlink:type="locator"/>
    <label xlink:label="nm_AcceleratedAmortizationPremiumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accelerated Amortization Premium [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_AcceleratedAmortizationPremiumMember" xlink:to="nm_AcceleratedAmortizationPremiumMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AcceleratedAmortizationPremiumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accelerated amortization of the 2019 Senior Notes Premium</label>
    <loc xlink:href="nm-20161231.xsd#nm_AccountsReceivableNetTextBlock" xlink:label="nm_AccountsReceivableNetTextBlock" xlink:type="locator"/>
    <label xlink:label="nm_AccountsReceivableNetTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AccountsReceivableNetTextBlock" xlink:to="nm_AccountsReceivableNetTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AccountsReceivableNetTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Receivable Net [Text Block]</label>
    <label xlink:label="nm_AccountsReceivableNetTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">ACCOUNTS RECEIVABLE, NET</label>
    <loc xlink:href="nm-20161231.xsd#nm_AccruedAuditFeesCurrent" xlink:label="nm_AccruedAuditFeesCurrent" xlink:type="locator"/>
    <label xlink:label="nm_AccruedAuditFeesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AccruedAuditFeesCurrent" xlink:to="nm_AccruedAuditFeesCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AccruedAuditFeesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Audit Fees Current</label>
    <label xlink:label="nm_AccruedAuditFeesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Audit fees and related services</label>
    <loc xlink:href="nm-20161231.xsd#nm_AccruedInterest" xlink:label="nm_AccruedInterest" xlink:type="locator"/>
    <label xlink:label="nm_AccruedInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accrued loan interest.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_AccruedInterest" xlink:to="nm_AccruedInterest_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AccruedInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Interest</label>
    <label xlink:label="nm_AccruedInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued interest</label>
    <loc xlink:href="nm-20161231.xsd#nm_AccruedRunningCostsCurrent" xlink:label="nm_AccruedRunningCostsCurrent" xlink:type="locator"/>
    <label xlink:label="nm_AccruedRunningCostsCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AccruedRunningCostsCurrent" xlink:to="nm_AccruedRunningCostsCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AccruedRunningCostsCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Running Costs Current</label>
    <label xlink:label="nm_AccruedRunningCostsCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued running costs</label>
    <loc xlink:href="nm-20161231.xsd#nm_AccruedVoyageExpensesCurrent" xlink:label="nm_AccruedVoyageExpensesCurrent" xlink:type="locator"/>
    <label xlink:label="nm_AccruedVoyageExpensesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AccruedVoyageExpensesCurrent" xlink:to="nm_AccruedVoyageExpensesCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AccruedVoyageExpensesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Voyage Expenses Current</label>
    <label xlink:label="nm_AccruedVoyageExpensesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued voyage expenses</label>
    <loc xlink:href="nm-20161231.xsd#nm_AccumulatedDepreciationMember" xlink:label="nm_AccumulatedDepreciationMember" xlink:type="locator"/>
    <label xlink:label="nm_AccumulatedDepreciationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AccumulatedDepreciationMember" xlink:to="nm_AccumulatedDepreciationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AccumulatedDepreciationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Depreciation [Member]</label>
    <label xlink:label="nm_AccumulatedDepreciationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated Depreciation</label>
    <loc xlink:href="nm-20161231.xsd#nm_AchillesShippingCorporationMember" xlink:label="nm_AchillesShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_AchillesShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AchillesShippingCorporationMember" xlink:to="nm_AchillesShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AchillesShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Achilles Shipping Corporation [Member]</label>
    <label xlink:label="nm_AchillesShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Achilles Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1" xlink:label="nm_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1" xlink:type="locator"/>
    <label xlink:label="nm_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1" xlink:to="nm_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquired Finite Lived Intangible Assets Weighted Average Useful Life1</label>
    <label xlink:label="nm_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average amortization periods</label>
    <loc xlink:href="nm-20161231.xsd#nm_AcquisitionCosts1" xlink:label="nm_AcquisitionCosts1" xlink:type="locator"/>
    <label xlink:label="nm_AcquisitionCosts1_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AcquisitionCosts1" xlink:to="nm_AcquisitionCosts1_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AcquisitionCosts1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition Costs 1</label>
    <label xlink:label="nm_AcquisitionCosts1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transportation and other acquisition costs</label>
    <loc xlink:href="nm-20161231.xsd#nm_AcquisitionCostsAmortizationIntangibleAssets" xlink:label="nm_AcquisitionCostsAmortizationIntangibleAssets" xlink:type="locator"/>
    <label xlink:label="nm_AcquisitionCostsAmortizationIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AcquisitionCostsAmortizationIntangibleAssets" xlink:to="nm_AcquisitionCostsAmortizationIntangibleAssets_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AcquisitionCostsAmortizationIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition Costs Amortization Of Intangible Assets</label>
    <label xlink:label="nm_AcquisitionCostsAmortizationIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition costs amortization of intangible assets</label>
    <loc xlink:href="nm-20161231.xsd#nm_AcquisitionInvestmentsInAffiliates" xlink:label="nm_AcquisitionInvestmentsInAffiliates" xlink:type="locator"/>
    <label xlink:label="nm_AcquisitionInvestmentsInAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AcquisitionInvestmentsInAffiliates" xlink:to="nm_AcquisitionInvestmentsInAffiliates_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AcquisitionInvestmentsInAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition Investments In Affiliates</label>
    <label xlink:label="nm_AcquisitionInvestmentsInAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of investments in affiliates / of General Partner units</label>
    <loc xlink:href="nm-20161231.xsd#nm_Acropolis2Member" xlink:label="nm_Acropolis2Member" xlink:type="locator"/>
    <label xlink:label="nm_Acropolis2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acropolis2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_Acropolis2Member" xlink:to="nm_Acropolis2Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_Acropolis2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acropolis</label>
    <loc xlink:href="nm-20161231.xsd#nm_AcropolisMember" xlink:label="nm_AcropolisMember" xlink:type="locator"/>
    <label xlink:label="nm_AcropolisMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AcropolisMember" xlink:to="nm_AcropolisMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AcropolisMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acropolis [Member]</label>
    <label xlink:label="nm_AcropolisMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acropolis</label>
    <label xlink:label="nm_AcropolisMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Acropolis Chartering and Shipping Inc. ("Acropolis")</label>
    <loc xlink:href="nm-20161231.xsd#nm_AdditionalSecurityMember" xlink:label="nm_AdditionalSecurityMember" xlink:type="locator"/>
    <label xlink:label="nm_AdditionalSecurityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional Security [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_AdditionalSecurityMember" xlink:to="nm_AdditionalSecurityMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AdditionalSecurityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional security</label>
    <loc xlink:href="nm-20161231.xsd#nm_AdditionalThirtySixDryBargesMember" xlink:label="nm_AdditionalThirtySixDryBargesMember" xlink:type="locator"/>
    <label xlink:label="nm_AdditionalThirtySixDryBargesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_AdditionalThirtySixDryBargesMember" xlink:to="nm_AdditionalThirtySixDryBargesMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AdditionalThirtySixDryBargesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional 36 Dry Barges</label>
    <loc xlink:href="nm-20161231.xsd#nm_AdditionsAccumulatedDepreciation" xlink:label="nm_AdditionsAccumulatedDepreciation" xlink:type="locator"/>
    <label xlink:label="nm_AdditionsAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AdditionsAccumulatedDepreciation" xlink:to="nm_AdditionsAccumulatedDepreciation_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AdditionsAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additions Accumulated Depreciation</label>
    <label xlink:label="nm_AdditionsAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Additions</label>
    <loc xlink:href="nm-20161231.xsd#nm_AdditionsToNoncurrentAssets1" xlink:label="nm_AdditionsToNoncurrentAssets1" xlink:type="locator"/>
    <label xlink:label="nm_AdditionsToNoncurrentAssets1_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AdditionsToNoncurrentAssets1" xlink:to="nm_AdditionsToNoncurrentAssets1_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AdditionsToNoncurrentAssets1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additions To Noncurrent Assets 1</label>
    <label xlink:label="nm_AdditionsToNoncurrentAssets1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital expenditures</label>
    <loc xlink:href="nm-20161231.xsd#nm_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock" xlink:label="nm_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock" xlink:type="locator"/>
    <label xlink:label="nm_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock" xlink:to="nm_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments To Additional Paid In Capital Redemption Of Preferred Stock</label>
    <label xlink:label="nm_AdjustmentsToAdditionalPaidInCapitalRedemptionPreferredStock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tender Offer - Redemption of preferred stock (Note 16), value</label>
    <loc xlink:href="nm-20161231.xsd#nm_AdministrativeServicesAgreementTermInYears" xlink:label="nm_AdministrativeServicesAgreementTermInYears" xlink:type="locator"/>
    <label xlink:label="nm_AdministrativeServicesAgreementTermInYears_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AdministrativeServicesAgreementTermInYears" xlink:to="nm_AdministrativeServicesAgreementTermInYears_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AdministrativeServicesAgreementTermInYears_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Administrative Services Agreement Term In Years</label>
    <label xlink:label="nm_AdministrativeServicesAgreementTermInYears_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Administrative services agreement term in years</label>
    <loc xlink:href="nm-20161231.xsd#nm_AegeanShippingCorporationMember" xlink:label="nm_AegeanShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_AegeanShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AegeanShippingCorporationMember" xlink:to="nm_AegeanShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AegeanShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Aegean Shipping Corporation [Member]</label>
    <label xlink:label="nm_AegeanShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aegean Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_AfterIssuanceDateAndPriorFinalConversionDateMember" xlink:label="nm_AfterIssuanceDateAndPriorFinalConversionDateMember" xlink:type="locator"/>
    <label xlink:label="nm_AfterIssuanceDateAndPriorFinalConversionDateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_AfterIssuanceDateAndPriorFinalConversionDateMember" xlink:to="nm_AfterIssuanceDateAndPriorFinalConversionDateMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AfterIssuanceDateAndPriorFinalConversionDateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">At any time following the issuance date and prior to the final conversion date</label>
    <loc xlink:href="nm-20161231.xsd#nm_AfterThirdAnniversaryOfIssuanceDateScenarioMember" xlink:label="nm_AfterThirdAnniversaryOfIssuanceDateScenarioMember" xlink:type="locator"/>
    <label xlink:label="nm_AfterThirdAnniversaryOfIssuanceDateScenarioMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_AfterThirdAnniversaryOfIssuanceDateScenarioMember" xlink:to="nm_AfterThirdAnniversaryOfIssuanceDateScenarioMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AfterThirdAnniversaryOfIssuanceDateScenarioMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">After the Third Anniversary of the issuance date</label>
    <loc xlink:href="nm-20161231.xsd#nm_AggregateFairValueMember" xlink:label="nm_AggregateFairValueMember" xlink:type="locator"/>
    <label xlink:label="nm_AggregateFairValueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_AggregateFairValueMember" xlink:to="nm_AggregateFairValueMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AggregateFairValueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aggregate fair value</label>
    <loc xlink:href="nm-20161231.xsd#nm_AllShipsMember" xlink:label="nm_AllShipsMember" xlink:type="locator"/>
    <label xlink:label="nm_AllShipsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">All Ships [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_AllShipsMember" xlink:to="nm_AllShipsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AllShipsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">All ships</label>
    <loc xlink:href="nm-20161231.xsd#nm_AllSubsidiariesOfNaviosLogisticsMember" xlink:label="nm_AllSubsidiariesOfNaviosLogisticsMember" xlink:type="locator"/>
    <label xlink:label="nm_AllSubsidiariesOfNaviosLogisticsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_AllSubsidiariesOfNaviosLogisticsMember" xlink:to="nm_AllSubsidiariesOfNaviosLogisticsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AllSubsidiariesOfNaviosLogisticsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">All subsidiaries of Navios Logistics</label>
    <loc xlink:href="nm-20161231.xsd#nm_AlphaBank2Member" xlink:label="nm_AlphaBank2Member" xlink:type="locator"/>
    <label id="label_AlphaBank2Member" xlink:label="nm_AlphaBank2Member_lbl" 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="nm_AlphaBank2Member" xlink:to="nm_AlphaBank2Member_lbl" xlink:type="arc"/>
    <label id="label_AlphaBank2Member_2" xlink:label="nm_AlphaBank2Member_lbl" 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>
    <label id="label_AlphaBank2Member_3" xlink:label="nm_AlphaBank2Member_lbl" 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>
    <loc xlink:href="nm-20161231.xsd#nm_AlphaBankMember" xlink:label="nm_AlphaBankMember" xlink:type="locator"/>
    <label xlink:label="nm_AlphaBankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Alpha Bank [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_AlphaBankMember" xlink:to="nm_AlphaBankMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AlphaBankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan Facility Alpha Bank ($31,000)</label>
    <label xlink:label="nm_AlphaBankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Alpha Bank A.E. ($31,000) to finance part of the acquisition of a Capesize vessel</label>
    <loc xlink:href="nm-20161231.xsd#nm_AlternativeScenarioMember" xlink:label="nm_AlternativeScenarioMember" xlink:type="locator"/>
    <label xlink:label="nm_AlternativeScenarioMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Alternative Scenario [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_AlternativeScenarioMember" xlink:to="nm_AlternativeScenarioMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AlternativeScenarioMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Alternative scenario</label>
    <loc xlink:href="nm-20161231.xsd#nm_AmendementOfManagementAgreementMember" xlink:label="nm_AmendementOfManagementAgreementMember" xlink:type="locator"/>
    <label id="label_AmendementOfManagementAgreementMember" xlink:label="nm_AmendementOfManagementAgreementMember_lbl" 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="nm_AmendementOfManagementAgreementMember" xlink:to="nm_AmendementOfManagementAgreementMember_lbl" xlink:type="arc"/>
    <label id="label_AmendementOfManagementAgreementMember_2" xlink:label="nm_AmendementOfManagementAgreementMember_lbl" 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>
    <loc xlink:href="nm-20161231.xsd#nm_AmericanDepositarySharesMember" xlink:label="nm_AmericanDepositarySharesMember" xlink:type="locator"/>
    <label xlink:label="nm_AmericanDepositarySharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_AmericanDepositarySharesMember" xlink:to="nm_AmericanDepositarySharesMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AmericanDepositarySharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">American depositary shares</label>
    <loc xlink:href="nm-20161231.xsd#nm_AmericanDepositarySharesSeriesGMember" xlink:label="nm_AmericanDepositarySharesSeriesGMember" xlink:type="locator"/>
    <label xlink:label="nm_AmericanDepositarySharesSeriesGMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_AmericanDepositarySharesSeriesGMember" xlink:to="nm_AmericanDepositarySharesSeriesGMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AmericanDepositarySharesSeriesGMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">American Depositary Shares-Series G</label>
    <loc xlink:href="nm-20161231.xsd#nm_AmericanDepositarySharesSeriesHMember" xlink:label="nm_AmericanDepositarySharesSeriesHMember" xlink:type="locator"/>
    <label xlink:label="nm_AmericanDepositarySharesSeriesHMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_AmericanDepositarySharesSeriesHMember" xlink:to="nm_AmericanDepositarySharesSeriesHMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AmericanDepositarySharesSeriesHMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">American Depositary Shares -Series H</label>
    <loc xlink:href="nm-20161231.xsd#nm_AmountConcentrationPercentage" xlink:label="nm_AmountConcentrationPercentage" xlink:type="locator"/>
    <label xlink:label="nm_AmountConcentrationPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AmountConcentrationPercentage" xlink:to="nm_AmountConcentrationPercentage_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AmountConcentrationPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amount Concentration Percentage</label>
    <label xlink:label="nm_AmountConcentrationPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount concentration percentage</label>
    <loc xlink:href="nm-20161231.xsd#nm_AmountDrawnDown" xlink:label="nm_AmountDrawnDown" xlink:type="locator"/>
    <label xlink:label="nm_AmountDrawnDown_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AmountDrawnDown" xlink:to="nm_AmountDrawnDown_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AmountDrawnDown_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amount Drawn Down</label>
    <label xlink:label="nm_AmountDrawnDown_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount drawn down</label>
    <loc xlink:href="nm-20161231.xsd#nm_AmountEachTranchesUnderCreditFacility" xlink:label="nm_AmountEachTranchesUnderCreditFacility" xlink:type="locator"/>
    <label xlink:label="nm_AmountEachTranchesUnderCreditFacility_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AmountEachTranchesUnderCreditFacility" xlink:to="nm_AmountEachTranchesUnderCreditFacility_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AmountEachTranchesUnderCreditFacility_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amount Each Tranches Under Credit Facility</label>
    <label xlink:label="nm_AmountEachTranchesUnderCreditFacility_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount of each tranche</label>
    <loc xlink:href="nm-20161231.xsd#nm_AmountFinancedThroughLoans" xlink:label="nm_AmountFinancedThroughLoans" xlink:type="locator"/>
    <label xlink:label="nm_AmountFinancedThroughLoans_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AmountFinancedThroughLoans" xlink:to="nm_AmountFinancedThroughLoans_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AmountFinancedThroughLoans_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amount Financed Through Loans</label>
    <label xlink:label="nm_AmountFinancedThroughLoans_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount of loan used to finance purchase of vessel</label>
    <loc xlink:href="nm-20161231.xsd#nm_AmountsHeldAsSecurityMember" xlink:label="nm_AmountsHeldAsSecurityMember" xlink:type="locator"/>
    <label xlink:label="nm_AmountsHeldAsSecurityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AmountsHeldAsSecurityMember" xlink:to="nm_AmountsHeldAsSecurityMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AmountsHeldAsSecurityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amounts Held as security [Member]</label>
    <label xlink:label="nm_AmountsHeldAsSecurityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount Held as Security</label>
    <loc xlink:href="nm-20161231.xsd#nm_AnemosMaritimeHoldingsIncMember" xlink:label="nm_AnemosMaritimeHoldingsIncMember" xlink:type="locator"/>
    <label xlink:label="nm_AnemosMaritimeHoldingsIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AnemosMaritimeHoldingsIncMember" xlink:to="nm_AnemosMaritimeHoldingsIncMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AnemosMaritimeHoldingsIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Anemos Maritime Holdings Inc [Member]</label>
    <label xlink:label="nm_AnemosMaritimeHoldingsIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Anemos Maritime Holdings Inc.</label>
    <loc xlink:href="nm-20161231.xsd#nm_AnnualGrowthFactorManagementFees" xlink:label="nm_AnnualGrowthFactorManagementFees" xlink:type="locator"/>
    <label xlink:label="nm_AnnualGrowthFactorManagementFees_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AnnualGrowthFactorManagementFees" xlink:to="nm_AnnualGrowthFactorManagementFees_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AnnualGrowthFactorManagementFees_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Annual Growth Factor Management Fees</label>
    <label xlink:label="nm_AnnualGrowthFactorManagementFees_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Annual growth factor management fees after 2017</label>
    <loc xlink:href="nm-20161231.xsd#nm_AntidilutiveSecuritiesExcludedFromComputationAbstract" xlink:label="nm_AntidilutiveSecuritiesExcludedFromComputationAbstract" xlink:type="locator"/>
    <label xlink:label="nm_AntidilutiveSecuritiesExcludedFromComputationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_AntidilutiveSecuritiesExcludedFromComputationAbstract" xlink:to="nm_AntidilutiveSecuritiesExcludedFromComputationAbstract_lbl" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.xsd#nm_ApollonShippingCorporationMember" xlink:label="nm_ApollonShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_ApollonShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ApollonShippingCorporationMember" xlink:to="nm_ApollonShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ApollonShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Apollon Shipping Corporation [Member]</label>
    <label xlink:label="nm_ApollonShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Apollon Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_AquisMarineCorpMember" xlink:label="nm_AquisMarineCorpMember" xlink:type="locator"/>
    <label xlink:label="nm_AquisMarineCorpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AquisMarineCorpMember" xlink:to="nm_AquisMarineCorpMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AquisMarineCorpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Aquis Marine Corp [Member]</label>
    <label xlink:label="nm_AquisMarineCorpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aquis Marine Corp.</label>
    <loc xlink:href="nm-20161231.xsd#nm_AramisNavigationIncMember" xlink:label="nm_AramisNavigationIncMember" xlink:type="locator"/>
    <label xlink:label="nm_AramisNavigationIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AramisNavigationIncMember" xlink:to="nm_AramisNavigationIncMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AramisNavigationIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Aramis Navigation Inc [Member]</label>
    <label xlink:label="nm_AramisNavigationIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aramis Navigation Inc.</label>
    <loc xlink:href="nm-20161231.xsd#nm_ArcShippingCorporationMember" xlink:label="nm_ArcShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_ArcShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ArcShippingCorporationMember" xlink:to="nm_ArcShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ArcShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Arc Shipping Corporation [Member]</label>
    <label xlink:label="nm_ArcShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Arc Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_ArgentinaMember" xlink:label="nm_ArgentinaMember" xlink:type="locator"/>
    <label xlink:label="nm_ArgentinaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Argentina [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_ArgentinaMember" xlink:to="nm_ArgentinaMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ArgentinaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Argentina</label>
    <loc xlink:href="nm-20161231.xsd#nm_AssetsHeldForSalePolicyTextBlock" xlink:label="nm_AssetsHeldForSalePolicyTextBlock" xlink:type="locator"/>
    <label xlink:label="nm_AssetsHeldForSalePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AssetsHeldForSalePolicyTextBlock" xlink:to="nm_AssetsHeldForSalePolicyTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AssetsHeldForSalePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets Held for Sale [Policy Text Block]</label>
    <label xlink:label="nm_AssetsHeldForSalePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets Held for Sale</label>
    <loc xlink:href="nm-20161231.xsd#nm_AstraMaritimeCorporationMember" xlink:label="nm_AstraMaritimeCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_AstraMaritimeCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AstraMaritimeCorporationMember" xlink:to="nm_AstraMaritimeCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AstraMaritimeCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Astra Maritime Corporation [Member]</label>
    <label xlink:label="nm_AstraMaritimeCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Astra Maritime Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:label="nm_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:type="locator"/>
    <label xlink:label="nm_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure" xlink:to="nm_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available For Sale Securities Equity Securities Noncurrent Fair Value Disclosure</label>
    <label xlink:label="nm_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments in available-for-sale securities</label>
    <label xlink:label="nm_AvailableForSaleSecuritiesEquitySecuritiesNoncurrentFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Investments in available-for-sale securities - Fair Value</label>
    <loc xlink:href="nm-20161231.xsd#nm_AverageTaxRatesOnRevenues" xlink:label="nm_AverageTaxRatesOnRevenues" xlink:type="locator"/>
    <label xlink:label="nm_AverageTaxRatesOnRevenues_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_AverageTaxRatesOnRevenues" xlink:to="nm_AverageTaxRatesOnRevenues_lbl" xlink:type="arc"/>
    <label xlink:label="nm_AverageTaxRatesOnRevenues_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Average Tax Rates On Revenues</label>
    <label xlink:label="nm_AverageTaxRatesOnRevenues_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax rate on revenues</label>
    <loc xlink:href="nm-20161231.xsd#nm_BbvaLoanFacilityMember" xlink:label="nm_BbvaLoanFacilityMember" xlink:type="locator"/>
    <label xlink:label="nm_BbvaLoanFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_BbvaLoanFacilityMember" xlink:to="nm_BbvaLoanFacilityMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_BbvaLoanFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">BBVA Loan Facility</label>
    <loc xlink:href="nm-20161231.xsd#nm_BeaufiksShippingCorporationMember" xlink:label="nm_BeaufiksShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_BeaufiksShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_BeaufiksShippingCorporationMember" xlink:to="nm_BeaufiksShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_BeaufiksShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Beaufiks Shipping Corporation [Member]</label>
    <label xlink:label="nm_BeaufiksShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Beaufiks Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_BrazilMember" xlink:label="nm_BrazilMember" xlink:type="locator"/>
    <label xlink:label="nm_BrazilMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Brazil [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_BrazilMember" xlink:to="nm_BrazilMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_BrazilMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Brazil</label>
    <loc xlink:href="nm-20161231.xsd#nm_BulkinvestSaMember" xlink:label="nm_BulkinvestSaMember" xlink:type="locator"/>
    <label xlink:label="nm_BulkinvestSaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_BulkinvestSaMember" xlink:to="nm_BulkinvestSaMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_BulkinvestSaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bulkinvest Sa [Member]</label>
    <label xlink:label="nm_BulkinvestSaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Bulkinvest S.A.</label>
    <loc xlink:href="nm-20161231.xsd#nm_CapesizeMember" xlink:label="nm_CapesizeMember" xlink:type="locator"/>
    <label xlink:label="nm_CapesizeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capesize [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_CapesizeMember" xlink:to="nm_CapesizeMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_CapesizeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capesize vessel</label>
    <loc xlink:href="nm-20161231.xsd#nm_CapitalLeaseObligationExpirationDate" xlink:label="nm_CapitalLeaseObligationExpirationDate" xlink:type="locator"/>
    <label xlink:label="nm_CapitalLeaseObligationExpirationDate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_CapitalLeaseObligationExpirationDate" xlink:to="nm_CapitalLeaseObligationExpirationDate_lbl" xlink:type="arc"/>
    <label xlink:label="nm_CapitalLeaseObligationExpirationDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Lease Obligation Expiration Date</label>
    <label xlink:label="nm_CapitalLeaseObligationExpirationDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expiration date of the capital lease agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_CapitalLeaseObligationsFairValueDisclosure" xlink:label="nm_CapitalLeaseObligationsFairValueDisclosure" xlink:type="locator"/>
    <label xlink:label="nm_CapitalLeaseObligationsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_CapitalLeaseObligationsFairValueDisclosure" xlink:to="nm_CapitalLeaseObligationsFairValueDisclosure_lbl" xlink:type="arc"/>
    <label xlink:label="nm_CapitalLeaseObligationsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Lease Obligations Fair Value Disclosure</label>
    <label xlink:label="nm_CapitalLeaseObligationsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital lease obligations, including current portion</label>
    <label xlink:label="nm_CapitalLeaseObligationsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Capital lease obligations, including current portion - Fair Value</label>
    <loc xlink:href="nm-20161231.xsd#nm_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets" xlink:label="nm_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets" xlink:type="locator"/>
    <label xlink:label="nm_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets" xlink:to="nm_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change In Accounting Principle Cumulative Effect Change On Assets</label>
    <label xlink:label="nm_ChangeInAccountingPrincipleCumulativeEffectChangeOnAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reduction of total assets, due to change in accounting principle</label>
    <loc xlink:href="nm-20161231.xsd#nm_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt" xlink:label="nm_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt" xlink:type="locator"/>
    <label xlink:label="nm_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt" xlink:to="nm_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change In Accounting Principle Cumulative Effect Of Change On Current Portion Long-Term Debt</label>
    <label xlink:label="nm_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnCurrentPortionLong-TermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reduction of current portion of long term debt, due to change in accounting principle</label>
    <loc xlink:href="nm-20161231.xsd#nm_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt" xlink:label="nm_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt" xlink:type="locator"/>
    <label xlink:label="nm_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt" xlink:to="nm_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change In Accounting Principle Cumulative Effect Of Change On Long-Term Debt</label>
    <label xlink:label="nm_ChangeInAccountingPrincipleCumulativeEffectOfChangeOnLong-TermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reduction of long term debt, due to change in accounting principle</label>
    <loc xlink:href="nm-20161231.xsd#nm_CharterHireAgreementDateOfAgreement" xlink:label="nm_CharterHireAgreementDateOfAgreement" xlink:type="locator"/>
    <label xlink:label="nm_CharterHireAgreementDateOfAgreement_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_CharterHireAgreementDateOfAgreement" xlink:to="nm_CharterHireAgreementDateOfAgreement_lbl" xlink:type="arc"/>
    <label xlink:label="nm_CharterHireAgreementDateOfAgreement_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Charter Hire Agreement Date Of Agreement</label>
    <label xlink:label="nm_CharterHireAgreementDateOfAgreement_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Date of agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_CharterHireAgreementMember" xlink:label="nm_CharterHireAgreementMember" xlink:type="locator"/>
    <label xlink:label="nm_CharterHireAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_CharterHireAgreementMember" xlink:to="nm_CharterHireAgreementMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_CharterHireAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Charter hire agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_CharterHireDailyRate" xlink:label="nm_CharterHireDailyRate" xlink:type="locator"/>
    <label xlink:label="nm_CharterHireDailyRate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_CharterHireDailyRate" xlink:to="nm_CharterHireDailyRate_lbl" xlink:type="arc"/>
    <label xlink:label="nm_CharterHireDailyRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Charter Hire Daily Rate</label>
    <label xlink:label="nm_CharterHireDailyRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Charter hire daily rate</label>
    <loc xlink:href="nm-20161231.xsd#nm_CharteredInAssetsLeasedMember" xlink:label="nm_CharteredInAssetsLeasedMember" xlink:type="locator"/>
    <label xlink:label="nm_CharteredInAssetsLeasedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_CharteredInAssetsLeasedMember" xlink:to="nm_CharteredInAssetsLeasedMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_CharteredInAssetsLeasedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Chartered-in vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_CharteredInFleetAcquisitionMember" xlink:label="nm_CharteredInFleetAcquisitionMember" xlink:type="locator"/>
    <label xlink:label="nm_CharteredInFleetAcquisitionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_CharteredInFleetAcquisitionMember" xlink:to="nm_CharteredInFleetAcquisitionMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_CharteredInFleetAcquisitionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Chartered-in fleet acquisition</label>
    <loc xlink:href="nm-20161231.xsd#nm_ChartererWorseningFinancialConditionMember" xlink:label="nm_ChartererWorseningFinancialConditionMember" xlink:type="locator"/>
    <label xlink:label="nm_ChartererWorseningFinancialConditionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ChartererWorseningFinancialConditionMember" xlink:to="nm_ChartererWorseningFinancialConditionMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ChartererWorseningFinancialConditionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Defaulted charterers</label>
    <loc xlink:href="nm-20161231.xsd#nm_CintharaShippingLtdMember" xlink:label="nm_CintharaShippingLtdMember" xlink:type="locator"/>
    <label xlink:label="nm_CintharaShippingLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_CintharaShippingLtdMember" xlink:to="nm_CintharaShippingLtdMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_CintharaShippingLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cinthara Shipping Ltd [Member]</label>
    <label xlink:label="nm_CintharaShippingLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cinthara Shipping Ltd.</label>
    <loc xlink:href="nm-20161231.xsd#nm_CommerzbankMember" xlink:label="nm_CommerzbankMember" xlink:type="locator"/>
    <label xlink:label="nm_CommerzbankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commerzbank [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_CommerzbankMember" xlink:to="nm_CommerzbankMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_CommerzbankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commerzbank A.G. ($240,000)</label>
    <label xlink:label="nm_CommerzbankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Commerzbank A.G. to finance acquisition of one Capesize vessel and construction of three Capesize vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_CommonSharesMember" xlink:label="nm_CommonSharesMember" xlink:type="locator"/>
    <label xlink:label="nm_CommonSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Shares [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_CommonSharesMember" xlink:to="nm_CommonSharesMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_CommonSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common shares</label>
    <loc xlink:href="nm-20161231.xsd#nm_ComputerEquipmentAndSoftwareMember" xlink:label="nm_ComputerEquipmentAndSoftwareMember" xlink:type="locator"/>
    <label xlink:label="nm_ComputerEquipmentAndSoftwareMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ComputerEquipmentAndSoftwareMember" xlink:to="nm_ComputerEquipmentAndSoftwareMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ComputerEquipmentAndSoftwareMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Computer equipment and software</label>
    <loc xlink:href="nm-20161231.xsd#nm_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary" xlink:label="nm_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary" xlink:type="locator"/>
    <label xlink:label="nm_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary" xlink:to="nm_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Purchase Of Interest By Subsidiary</label>
    <label xlink:label="nm_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseInterestBySubsidiary_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Navios Logistics acquisition of noncontrolling interest (Note 21)</label>
    <loc xlink:href="nm-20161231.xsd#nm_ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember" xlink:label="nm_ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember" xlink:type="locator"/>
    <label xlink:label="nm_ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember" xlink:to="nm_ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Container vessel more than 8,000 TEU</label>
    <loc xlink:href="nm-20161231.xsd#nm_ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember" xlink:label="nm_ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember" xlink:type="locator"/>
    <label xlink:label="nm_ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember" xlink:to="nm_ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Container vessel more than 13,000 TEU</label>
    <loc xlink:href="nm-20161231.xsd#nm_ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember" xlink:label="nm_ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember" xlink:type="locator"/>
    <label xlink:label="nm_ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember" xlink:to="nm_ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ContainerVesselSixThousandEightHundedTwentyFootEquivalentUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Container vessel of 6,800 TEU</label>
    <loc xlink:href="nm-20161231.xsd#nm_ContainerVesselsMember" xlink:label="nm_ContainerVesselsMember" xlink:type="locator"/>
    <label xlink:label="nm_ContainerVesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Container Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_ContainerVesselsMember" xlink:to="nm_ContainerVesselsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ContainerVesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Container vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_ContractualObligationCartisurMember" xlink:label="nm_ContractualObligationCartisurMember" xlink:type="locator"/>
    <label xlink:label="nm_ContractualObligationCartisurMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ContractualObligationCartisurMember" xlink:to="nm_ContractualObligationCartisurMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ContractualObligationCartisurMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Logistics obligation related to the acquisition of another company</label>
    <loc xlink:href="nm-20161231.xsd#nm_ContractualObligationEdolmixMember" xlink:label="nm_ContractualObligationEdolmixMember" xlink:type="locator"/>
    <label xlink:label="nm_ContractualObligationEdolmixMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ContractualObligationEdolmixMember" xlink:to="nm_ContractualObligationEdolmixMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ContractualObligationEdolmixMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Logistics obligation related to the acquisition of one company</label>
    <loc xlink:href="nm-20161231.xsd#nm_ContributionsFromNoncontrollingShareholders" xlink:label="nm_ContributionsFromNoncontrollingShareholders" xlink:type="locator"/>
    <label xlink:label="nm_ContributionsFromNoncontrollingShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ContributionsFromNoncontrollingShareholders" xlink:to="nm_ContributionsFromNoncontrollingShareholders_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ContributionsFromNoncontrollingShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contributions From Noncontrolling Shareholders</label>
    <label xlink:label="nm_ContributionsFromNoncontrollingShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contribution from noncontrolling shareholders (Note 6 and 21)</label>
    <loc xlink:href="nm-20161231.xsd#nm_ConvertiblePreferredStock1Member" xlink:label="nm_ConvertiblePreferredStock1Member" xlink:type="locator"/>
    <label xlink:label="nm_ConvertiblePreferredStock1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ConvertiblePreferredStock1Member" xlink:to="nm_ConvertiblePreferredStock1Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ConvertiblePreferredStock1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock</label>
    <loc xlink:href="nm-20161231.xsd#nm_ConvertiblePreferredStockConvertedToOtherSecuritiesShares" xlink:label="nm_ConvertiblePreferredStockConvertedToOtherSecuritiesShares" xlink:type="locator"/>
    <label xlink:label="nm_ConvertiblePreferredStockConvertedToOtherSecuritiesShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ConvertiblePreferredStockConvertedToOtherSecuritiesShares" xlink:to="nm_ConvertiblePreferredStockConvertedToOtherSecuritiesShares_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ConvertiblePreferredStockConvertedToOtherSecuritiesShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock Converted To Other Securities Shares</label>
    <label xlink:label="nm_ConvertiblePreferredStockConvertedToOtherSecuritiesShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Conversion of preferred stock to common stock (Note 16), shares</label>
    <loc xlink:href="nm-20161231.xsd#nm_ConvertiblePreferredStockPolicyTextBlock" xlink:label="nm_ConvertiblePreferredStockPolicyTextBlock" xlink:type="locator"/>
    <label xlink:label="nm_ConvertiblePreferredStockPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ConvertiblePreferredStockPolicyTextBlock" xlink:to="nm_ConvertiblePreferredStockPolicyTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ConvertiblePreferredStockPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Preferred stock [Policy Text Block]</label>
    <label xlink:label="nm_ConvertiblePreferredStockPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock</label>
    <loc xlink:href="nm-20161231.xsd#nm_ConvertiblePreferredStockSharePrice" xlink:label="nm_ConvertiblePreferredStockSharePrice" xlink:type="locator"/>
    <label xlink:label="nm_ConvertiblePreferredStockSharePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ConvertiblePreferredStockSharePrice" xlink:to="nm_ConvertiblePreferredStockSharePrice_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ConvertiblePreferredStockSharePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock Share Price</label>
    <label xlink:label="nm_ConvertiblePreferredStockSharePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock Share Price</label>
    <loc xlink:href="nm-20161231.xsd#nm_ConvertiblePreferredStockThresholdTradingDays" xlink:label="nm_ConvertiblePreferredStockThresholdTradingDays" xlink:type="locator"/>
    <label xlink:label="nm_ConvertiblePreferredStockThresholdTradingDays_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ConvertiblePreferredStockThresholdTradingDays" xlink:to="nm_ConvertiblePreferredStockThresholdTradingDays_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ConvertiblePreferredStockThresholdTradingDays_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock Threshold Trading Days</label>
    <label xlink:label="nm_ConvertiblePreferredStockThresholdTradingDays_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of consecutive business days</label>
    <loc xlink:href="nm-20161231.xsd#nm_ConveyorBeltMember" xlink:label="nm_ConveyorBeltMember" xlink:type="locator"/>
    <label xlink:label="nm_ConveyorBeltMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Conveyor Belt [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_ConveyorBeltMember" xlink:to="nm_ConveyorBeltMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ConveyorBeltMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Conveyor Belt</label>
    <loc xlink:href="nm-20161231.xsd#nm_CorporateIncomeTaxRate" xlink:label="nm_CorporateIncomeTaxRate" xlink:type="locator"/>
    <label xlink:label="nm_CorporateIncomeTaxRate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_CorporateIncomeTaxRate" xlink:to="nm_CorporateIncomeTaxRate_lbl" xlink:type="arc"/>
    <label xlink:label="nm_CorporateIncomeTaxRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corporate Income Tax Rate</label>
    <loc xlink:href="nm-20161231.xsd#nm_CorsairShippingLtdMember" xlink:label="nm_CorsairShippingLtdMember" xlink:type="locator"/>
    <label xlink:label="nm_CorsairShippingLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_CorsairShippingLtdMember" xlink:to="nm_CorsairShippingLtdMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_CorsairShippingLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corsair Shipping Ltd [Member]</label>
    <label xlink:label="nm_CorsairShippingLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Corsair Shipping Ltd.</label>
    <loc xlink:href="nm-20161231.xsd#nm_CostMember" xlink:label="nm_CostMember" xlink:type="locator"/>
    <label xlink:label="nm_CostMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_CostMember" xlink:to="nm_CostMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_CostMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cost [Member]</label>
    <label xlink:label="nm_CostMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cost</label>
    <loc xlink:href="nm-20161231.xsd#nm_CustomerConcentrationRisk2Member" xlink:label="nm_CustomerConcentrationRisk2Member" xlink:type="locator"/>
    <label xlink:label="nm_CustomerConcentrationRisk2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_CustomerConcentrationRisk2Member" xlink:to="nm_CustomerConcentrationRisk2Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_CustomerConcentrationRisk2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Customer 2</label>
    <loc xlink:href="nm-20161231.xsd#nm_DateDelivery" xlink:label="nm_DateDelivery" xlink:type="locator"/>
    <label xlink:label="nm_DateDelivery_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DateDelivery" xlink:to="nm_DateDelivery_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DateDelivery_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Date Of Delivery</label>
    <label xlink:label="nm_DateDelivery_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Date of delivery</label>
    <loc xlink:href="nm-20161231.xsd#nm_DateExpectedDelivery" xlink:label="nm_DateExpectedDelivery" xlink:type="locator"/>
    <label xlink:label="nm_DateExpectedDelivery_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DateExpectedDelivery" xlink:to="nm_DateExpectedDelivery_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DateExpectedDelivery_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Date Expected Delivery</label>
    <label xlink:label="nm_DateExpectedDelivery_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Date of expected delivery</label>
    <loc xlink:href="nm-20161231.xsd#nm_DebtInstrumentMandatoryRedemptionPricePercentage" xlink:label="nm_DebtInstrumentMandatoryRedemptionPricePercentage" xlink:type="locator"/>
    <label xlink:label="nm_DebtInstrumentMandatoryRedemptionPricePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DebtInstrumentMandatoryRedemptionPricePercentage" xlink:to="nm_DebtInstrumentMandatoryRedemptionPricePercentage_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DebtInstrumentMandatoryRedemptionPricePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument Mandatory Redemption Price Percentage</label>
    <label xlink:label="nm_DebtInstrumentMandatoryRedemptionPricePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mandatory redemption price percentage</label>
    <loc xlink:href="nm-20161231.xsd#nm_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption" xlink:label="nm_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption" xlink:type="locator"/>
    <label xlink:label="nm_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption" xlink:to="nm_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument Percentage Of Principal Amount Outstanding After Redemption</label>
    <label xlink:label="nm_DebtInstrumentPercentageOfPrincipalAmountOutstandingAfterRedemption_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of principal amount of debt outstanding after redemption</label>
    <loc xlink:href="nm-20161231.xsd#nm_DebtInstrumentPricePremium" xlink:label="nm_DebtInstrumentPricePremium" xlink:type="locator"/>
    <label xlink:label="nm_DebtInstrumentPricePremium_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DebtInstrumentPricePremium" xlink:to="nm_DebtInstrumentPricePremium_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DebtInstrumentPricePremium_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument Price Premium</label>
    <label xlink:label="nm_DebtInstrumentPricePremium_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt instrument price premium</label>
    <loc xlink:href="nm-20161231.xsd#nm_DebtInstrumentRedemptionPeriodFirstMember" xlink:label="nm_DebtInstrumentRedemptionPeriodFirstMember" xlink:type="locator"/>
    <label id="label_DebtInstrumentRedemptionPeriodFirstMember" xlink:label="nm_DebtInstrumentRedemptionPeriodFirstMember_lbl" 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="nm_DebtInstrumentRedemptionPeriodFirstMember" xlink:to="nm_DebtInstrumentRedemptionPeriodFirstMember_lbl" xlink:type="arc"/>
    <label id="label_DebtInstrumentRedemptionPeriodFirstMember_2" xlink:label="nm_DebtInstrumentRedemptionPeriodFirstMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentRedemptionPeriodFirstMember" xlink:type="resource" xml:lang="en-US">First 4 installments</label>
    <loc xlink:href="nm-20161231.xsd#nm_DebtInstrumentRedemptionPeriodOneNotes2022Member" xlink:label="nm_DebtInstrumentRedemptionPeriodOneNotes2022Member" xlink:type="locator"/>
    <label xlink:label="nm_DebtInstrumentRedemptionPeriodOneNotes2022Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_DebtInstrumentRedemptionPeriodOneNotes2022Member" xlink:to="nm_DebtInstrumentRedemptionPeriodOneNotes2022Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DebtInstrumentRedemptionPeriodOneNotes2022Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">From issuance date to January 14, 2017</label>
    <loc xlink:href="nm-20161231.xsd#nm_DebtInstrumentRedemptionPeriodSecondMember" xlink:label="nm_DebtInstrumentRedemptionPeriodSecondMember" xlink:type="locator"/>
    <label id="label_DebtInstrumentRedemptionPeriodSecondMember" xlink:label="nm_DebtInstrumentRedemptionPeriodSecondMember_lbl" 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="nm_DebtInstrumentRedemptionPeriodSecondMember" xlink:to="nm_DebtInstrumentRedemptionPeriodSecondMember_lbl" xlink:type="arc"/>
    <label id="label_DebtInstrumentRedemptionPeriodSecondMember_2" xlink:label="nm_DebtInstrumentRedemptionPeriodSecondMember_lbl" 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>
    <loc xlink:href="nm-20161231.xsd#nm_DebtInstrumentRedemptionPeriodTwo2019NotesMember" xlink:label="nm_DebtInstrumentRedemptionPeriodTwo2019NotesMember" xlink:type="locator"/>
    <label xlink:label="nm_DebtInstrumentRedemptionPeriodTwo2019NotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_DebtInstrumentRedemptionPeriodTwo2019NotesMember" xlink:to="nm_DebtInstrumentRedemptionPeriodTwo2019NotesMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DebtInstrumentRedemptionPeriodTwo2019NotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">On or after February 15, 2015</label>
    <loc xlink:href="nm-20161231.xsd#nm_DebtInstrumentRedemptionPeriodTwo2022NotesMember" xlink:label="nm_DebtInstrumentRedemptionPeriodTwo2022NotesMember" xlink:type="locator"/>
    <label xlink:label="nm_DebtInstrumentRedemptionPeriodTwo2022NotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_DebtInstrumentRedemptionPeriodTwo2022NotesMember" xlink:to="nm_DebtInstrumentRedemptionPeriodTwo2022NotesMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DebtInstrumentRedemptionPeriodTwo2022NotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">On or after January 15, 2017</label>
    <loc xlink:href="nm-20161231.xsd#nm_DecreaseInCapitalLeaseObligationDueToRestructuring" xlink:label="nm_DecreaseInCapitalLeaseObligationDueToRestructuring" xlink:type="locator"/>
    <label xlink:label="nm_DecreaseInCapitalLeaseObligationDueToRestructuring_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DecreaseInCapitalLeaseObligationDueToRestructuring" xlink:to="nm_DecreaseInCapitalLeaseObligationDueToRestructuring_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DecreaseInCapitalLeaseObligationDueToRestructuring_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease In Capital Lease Obligation Due To Restructuring</label>
    <label xlink:label="nm_DecreaseInCapitalLeaseObligationDueToRestructuring_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Decrease in capital lease obligations due to restructuring</label>
    <loc xlink:href="nm-20161231.xsd#nm_DefaultCounterpartyMember" xlink:label="nm_DefaultCounterpartyMember" xlink:type="locator"/>
    <label xlink:label="nm_DefaultCounterpartyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Default Counterparty [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_DefaultCounterpartyMember" xlink:to="nm_DefaultCounterpartyMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DefaultCounterpartyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Default counterparty</label>
    <loc xlink:href="nm-20161231.xsd#nm_DefaultInsurancePolicyMember" xlink:label="nm_DefaultInsurancePolicyMember" xlink:type="locator"/>
    <label xlink:label="nm_DefaultInsurancePolicyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_DefaultInsurancePolicyMember" xlink:to="nm_DefaultInsurancePolicyMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DefaultInsurancePolicyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Default credit insurance policy</label>
    <loc xlink:href="nm-20161231.xsd#nm_DefaultedChartererMember" xlink:label="nm_DefaultedChartererMember" xlink:type="locator"/>
    <label xlink:label="nm_DefaultedChartererMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defaulted Charterer [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_DefaultedChartererMember" xlink:to="nm_DefaultedChartererMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DefaultedChartererMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Defaulted charterers no longer covered by insurance</label>
    <loc xlink:href="nm-20161231.xsd#nm_DeferredPaymentForAcquisitionIntangibleAssets" xlink:label="nm_DeferredPaymentForAcquisitionIntangibleAssets" xlink:type="locator"/>
    <label xlink:label="nm_DeferredPaymentForAcquisitionIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DeferredPaymentForAcquisitionIntangibleAssets" xlink:to="nm_DeferredPaymentForAcquisitionIntangibleAssets_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DeferredPaymentForAcquisitionIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Payment For Acquisition Intangible Assets</label>
    <label xlink:label="nm_DeferredPaymentForAcquisitionIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Balance of the purchase price</label>
    <label xlink:label="nm_DeferredPaymentForAcquisitionIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Payment for acquisition of intangible asset</label>
    <loc xlink:href="nm-20161231.xsd#nm_DepositForVesselAcquistionsPolicyTextBlock" xlink:label="nm_DepositForVesselAcquistionsPolicyTextBlock" xlink:type="locator"/>
    <label xlink:label="nm_DepositForVesselAcquistionsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DepositForVesselAcquistionsPolicyTextBlock" xlink:to="nm_DepositForVesselAcquistionsPolicyTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DepositForVesselAcquistionsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposit for Vessel Acquistions [Policy Text Block]</label>
    <label xlink:label="nm_DepositForVesselAcquistionsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposits for Vessel Acquisitions</label>
    <loc xlink:href="nm-20161231.xsd#nm_DepositRelatedToPropertyAcquisition" xlink:label="nm_DepositRelatedToPropertyAcquisition" xlink:type="locator"/>
    <label xlink:label="nm_DepositRelatedToPropertyAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DepositRelatedToPropertyAcquisition" xlink:to="nm_DepositRelatedToPropertyAcquisition_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DepositRelatedToPropertyAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposit Related To Property Acquisition</label>
    <label xlink:label="nm_DepositRelatedToPropertyAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposits for vessels, port terminals and other fixed assets</label>
    <loc xlink:href="nm-20161231.xsd#nm_DepositarySharesStockParValue" xlink:label="nm_DepositarySharesStockParValue" xlink:type="locator"/>
    <label xlink:label="nm_DepositarySharesStockParValue_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DepositarySharesStockParValue" xlink:to="nm_DepositarySharesStockParValue_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DepositarySharesStockParValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depositary Shares Stock Par Value</label>
    <label xlink:label="nm_DepositarySharesStockParValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred Stock Redemption Price per American Depositary Share</label>
    <loc xlink:href="nm-20161231.xsd#nm_DepositaryShares" xlink:label="nm_DepositaryShares" xlink:type="locator"/>
    <label xlink:label="nm_DepositaryShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DepositaryShares" xlink:to="nm_DepositaryShares_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DepositaryShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depositary Shares</label>
    <label xlink:label="nm_DepositaryShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares</label>
    <loc xlink:href="nm-20161231.xsd#nm_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock" xlink:label="nm_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock" xlink:type="locator"/>
    <label xlink:label="nm_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock" xlink:to="nm_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposits For Vessels Port Terminals Other Fixed Assets [Policy TextBlock]</label>
    <label xlink:label="nm_DepositsForVesselsPortTerminalsOtherFixedAssetsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposits for Vessels, Port Terminals, and Other Fixed Assets</label>
    <loc xlink:href="nm-20161231.xsd#nm_DepreciationOnNetBookValue" xlink:label="nm_DepreciationOnNetBookValue" xlink:type="locator"/>
    <label xlink:label="nm_DepreciationOnNetBookValue_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DepreciationOnNetBookValue" xlink:to="nm_DepreciationOnNetBookValue_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DepreciationOnNetBookValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation On Net Book Value</label>
    <label xlink:label="nm_DepreciationOnNetBookValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additions</label>
    <label id="label_DepreciationOnNetBookValue" xlink:label="label_DepreciationOnNetBookValue" 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="nm_DepreciationOnNetBookValue" xlink:title="label: DepreciationOnNetBookValue to label_DepreciationOnNetBookValue" xlink:to="label_DepreciationOnNetBookValue" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.xsd#nm_DiesisShipManagementLtdMember" xlink:label="nm_DiesisShipManagementLtdMember" xlink:type="locator"/>
    <label xlink:label="nm_DiesisShipManagementLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_DiesisShipManagementLtdMember" xlink:to="nm_DiesisShipManagementLtdMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DiesisShipManagementLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Diesis Ship Management Ltd.</label>
    <loc xlink:href="nm-20161231.xsd#nm_DiesisShipmanagementMember" xlink:label="nm_DiesisShipmanagementMember" xlink:type="locator"/>
    <label xlink:label="nm_DiesisShipmanagementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Diesis Shipmanagement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_DiesisShipmanagementMember" xlink:to="nm_DiesisShipmanagementMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DiesisShipmanagementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Diesis Shipmanagement Ltd. ownership percentage in Navios Asia</label>
    <loc xlink:href="nm-20161231.xsd#nm_DisposalAssetsTextBlock" xlink:label="nm_DisposalAssetsTextBlock" xlink:type="locator"/>
    <label xlink:label="nm_DisposalAssetsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DisposalAssetsTextBlock" xlink:to="nm_DisposalAssetsTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DisposalAssetsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disposal of Assets [Text Block]</label>
    <label xlink:label="nm_DisposalAssetsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">DISPOSAL OF ASSETS</label>
    <loc xlink:href="nm-20161231.xsd#nm_DisposalsAccumulatedDepreciation" xlink:label="nm_DisposalsAccumulatedDepreciation" xlink:type="locator"/>
    <label xlink:label="nm_DisposalsAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DisposalsAccumulatedDepreciation" xlink:to="nm_DisposalsAccumulatedDepreciation_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DisposalsAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disposals Accumulated Depreciation</label>
    <label xlink:label="nm_DisposalsAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disposals</label>
    <loc xlink:href="nm-20161231.xsd#nm_DividendsPolicyTextBlock" xlink:label="nm_DividendsPolicyTextBlock" xlink:type="locator"/>
    <label xlink:label="nm_DividendsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DividendsPolicyTextBlock" xlink:to="nm_DividendsPolicyTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DividendsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends [Policy Text Block]</label>
    <label xlink:label="nm_DividendsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends</label>
    <loc xlink:href="nm-20161231.xsd#nm_DividendsRateOnEarnings" xlink:label="nm_DividendsRateOnEarnings" xlink:type="locator"/>
    <label xlink:label="nm_DividendsRateOnEarnings_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DividendsRateOnEarnings" xlink:to="nm_DividendsRateOnEarnings_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DividendsRateOnEarnings_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends Rate On Earnings</label>
    <label xlink:label="nm_DividendsRateOnEarnings_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends rate on earnings</label>
    <loc xlink:href="nm-20161231.xsd#nm_DnbNorBankFirstLoanMember" xlink:label="nm_DnbNorBankFirstLoanMember" xlink:type="locator"/>
    <label xlink:label="nm_DnbNorBankFirstLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_DnbNorBankFirstLoanMember" xlink:to="nm_DnbNorBankFirstLoanMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DnbNorBankFirstLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan DNB NOR Bank ($40,000)</label>
    <label xlink:label="nm_DnbNorBankFirstLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan DNB NOR Bank ($40,000) to finance construction of one Capesize bulk carrier</label>
    <loc xlink:href="nm-20161231.xsd#nm_DocumentEntityInformation" xlink:label="nm_DocumentEntityInformation" xlink:type="locator"/>
    <label xlink:label="nm_DocumentEntityInformation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Entity Information</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_DocumentEntityInformation" xlink:to="nm_DocumentEntityInformation_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DocumentEntityInformation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document and Entity Information</label>
    <loc xlink:href="nm-20161231.xsd#nm_DryBulkerVesselsMember" xlink:label="nm_DryBulkerVesselsMember" xlink:type="locator"/>
    <label xlink:label="nm_DryBulkerVesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_DryBulkerVesselsMember" xlink:to="nm_DryBulkerVesselsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DryBulkerVesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dry bulkers vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_DrybulkVesselOperationsMember" xlink:label="nm_DrybulkVesselOperationsMember" xlink:type="locator"/>
    <label xlink:label="nm_DrybulkVesselOperationsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_DrybulkVesselOperationsMember" xlink:to="nm_DrybulkVesselOperationsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DrybulkVesselOperationsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dry bulk Vessel Operations</label>
    <loc xlink:href="nm-20161231.xsd#nm_DrybulkVessels2Member" xlink:label="nm_DrybulkVessels2Member" xlink:type="locator"/>
    <label xlink:label="nm_DrybulkVessels2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_DrybulkVessels2Member" xlink:to="nm_DrybulkVessels2Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DrybulkVessels2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dry bulk Vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_DrybulkVesselsMember" xlink:label="nm_DrybulkVesselsMember" xlink:type="locator"/>
    <label xlink:label="nm_DrybulkVesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Drybulk Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_DrybulkVesselsMember" xlink:to="nm_DrybulkVesselsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DrybulkVesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dry bulk vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_DrybulkVesselsMinimumRevenueMember" xlink:label="nm_DrybulkVesselsMinimumRevenueMember" xlink:type="locator"/>
    <label xlink:label="nm_DrybulkVesselsMinimumRevenueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_DrybulkVesselsMinimumRevenueMember" xlink:to="nm_DrybulkVesselsMinimumRevenueMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DrybulkVesselsMinimumRevenueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dry bulk vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_DucaleMarineIncMember" xlink:label="nm_DucaleMarineIncMember" xlink:type="locator"/>
    <label xlink:label="nm_DucaleMarineIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DucaleMarineIncMember" xlink:to="nm_DucaleMarineIncMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DucaleMarineIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ducale Marine Inc [Member]</label>
    <label xlink:label="nm_DucaleMarineIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ducale Marine Inc.</label>
    <loc xlink:href="nm-20161231.xsd#nm_DueFromAffiliateCurrentFairValueDisclosure" xlink:label="nm_DueFromAffiliateCurrentFairValueDisclosure" xlink:type="locator"/>
    <label xlink:label="nm_DueFromAffiliateCurrentFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DueFromAffiliateCurrentFairValueDisclosure" xlink:to="nm_DueFromAffiliateCurrentFairValueDisclosure_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DueFromAffiliateCurrentFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Due From Affiliate Current Fair Value Disclosure</label>
    <label xlink:label="nm_DueFromAffiliateCurrentFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Due from affiliate companies</label>
    <loc xlink:href="nm-20161231.xsd#nm_DueFromAffiliateNoncurrentFairValueDisclosure" xlink:label="nm_DueFromAffiliateNoncurrentFairValueDisclosure" xlink:type="locator"/>
    <label xlink:label="nm_DueFromAffiliateNoncurrentFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DueFromAffiliateNoncurrentFairValueDisclosure" xlink:to="nm_DueFromAffiliateNoncurrentFairValueDisclosure_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DueFromAffiliateNoncurrentFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Due From Affiliate Noncurrent Fair Value Disclosure</label>
    <label xlink:label="nm_DueFromAffiliateNoncurrentFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term receivable from affiliate companies</label>
    <label xlink:label="nm_DueFromAffiliateNoncurrentFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Long-term receivable from affiliate companies - Fair Value</label>
    <loc xlink:href="nm-20161231.xsd#nm_DueToAffiliateNoncurrentFairValueDisclosure" xlink:label="nm_DueToAffiliateNoncurrentFairValueDisclosure" xlink:type="locator"/>
    <label id="label_DueToAffiliateNoncurrentFairValueDisclosure_2" xlink:label="nm_DueToAffiliateNoncurrentFairValueDisclosure_lbl" 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="nm_DueToAffiliateNoncurrentFairValueDisclosure" xlink:to="nm_DueToAffiliateNoncurrentFairValueDisclosure_lbl" xlink:type="arc"/>
    <label id="label_DueToAffiliateNoncurrentFairValueDisclosure" xlink:label="nm_DueToAffiliateNoncurrentFairValueDisclosure_lbl" 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>
    <label id="label_DueToAffiliateNoncurrentFairValueDisclosure_3" xlink:label="nm_DueToAffiliateNoncurrentFairValueDisclosure_lbl" 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>
    <loc xlink:href="nm-20161231.xsd#nm_DurationOfAgreements" xlink:label="nm_DurationOfAgreements" xlink:type="locator"/>
    <label xlink:label="nm_DurationOfAgreements_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_DurationOfAgreements" xlink:to="nm_DurationOfAgreements_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DurationOfAgreements_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Duration Of Agreements</label>
    <label xlink:label="nm_DurationOfAgreements_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Duration of agreements</label>
    <loc xlink:href="nm-20161231.xsd#nm_DvbBankFacility1Member" xlink:label="nm_DvbBankFacility1Member" xlink:type="locator"/>
    <label xlink:label="nm_DvbBankFacility1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_DvbBankFacility1Member" xlink:to="nm_DvbBankFacility1Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DvbBankFacility1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan Facility DVB Bank SE ($41,000) to finance the acquisition of Navios Mars and Navios Sphera</label>
    <label xlink:label="nm_DvbBankFacility1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan Facility DVB Bank SE ($41,000)</label>
    <loc xlink:href="nm-20161231.xsd#nm_DvbBankFacilityMember" xlink:label="nm_DvbBankFacilityMember" xlink:type="locator"/>
    <label xlink:label="nm_DvbBankFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_DvbBankFacilityMember" xlink:to="nm_DvbBankFacilityMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_DvbBankFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan Facility DVB Bank SE ($72,000)</label>
    <loc xlink:href="nm-20161231.xsd#nm_EffectiveTaxRateOnCorporateAssets" xlink:label="nm_EffectiveTaxRateOnCorporateAssets" xlink:type="locator"/>
    <label xlink:label="nm_EffectiveTaxRateOnCorporateAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_EffectiveTaxRateOnCorporateAssets" xlink:to="nm_EffectiveTaxRateOnCorporateAssets_lbl" xlink:type="arc"/>
    <label xlink:label="nm_EffectiveTaxRateOnCorporateAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective Tax Rate On Corporate Assets</label>
    <label xlink:label="nm_EffectiveTaxRateOnCorporateAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax on corporate assets</label>
    <loc xlink:href="nm-20161231.xsd#nm_EmeryShippingCorporationMember" xlink:label="nm_EmeryShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_EmeryShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_EmeryShippingCorporationMember" xlink:to="nm_EmeryShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_EmeryShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Emery Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_EmporikiBank23FirstLoanMember" xlink:label="nm_EmporikiBank23FirstLoanMember" xlink:type="locator"/>
    <label xlink:label="nm_EmporikiBank23FirstLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_EmporikiBank23FirstLoanMember" xlink:to="nm_EmporikiBank23FirstLoanMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_EmporikiBank23FirstLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($23,000)</label>
    <label xlink:label="nm_EmporikiBank23FirstLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($23,000) to partially finance the construction of one new building bulk carrier</label>
    <loc xlink:href="nm-20161231.xsd#nm_EmporikiBank23SecondLoanMember" xlink:label="nm_EmporikiBank23SecondLoanMember" xlink:type="locator"/>
    <label xlink:label="nm_EmporikiBank23SecondLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_EmporikiBank23SecondLoanMember" xlink:to="nm_EmporikiBank23SecondLoanMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_EmporikiBank23SecondLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($23,000)</label>
    <label xlink:label="nm_EmporikiBank23SecondLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($23,000) to partially finance the construction of one new building bulk carrier</label>
    <loc xlink:href="nm-20161231.xsd#nm_EmporikiBankFirstLoanMember" xlink:label="nm_EmporikiBankFirstLoanMember" xlink:type="locator"/>
    <label xlink:label="nm_EmporikiBankFirstLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_EmporikiBankFirstLoanMember" xlink:to="nm_EmporikiBankFirstLoanMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_EmporikiBankFirstLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($130,000)</label>
    <label xlink:label="nm_EmporikiBankFirstLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole Bank to finance construction of two Capesize bulk carriers</label>
    <loc xlink:href="nm-20161231.xsd#nm_EmporikiBankSecondLoanMember" xlink:label="nm_EmporikiBankSecondLoanMember" xlink:type="locator"/>
    <label xlink:label="nm_EmporikiBankSecondLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_EmporikiBankSecondLoanMember" xlink:to="nm_EmporikiBankSecondLoanMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_EmporikiBankSecondLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($75,000)</label>
    <label xlink:label="nm_EmporikiBankSecondLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole Bank ($75,000) to finance construction of two Capesize vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_EmporikiBankThirdLoanMember" xlink:label="nm_EmporikiBankThirdLoanMember" xlink:type="locator"/>
    <label xlink:label="nm_EmporikiBankThirdLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_EmporikiBankThirdLoanMember" xlink:to="nm_EmporikiBankThirdLoanMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_EmporikiBankThirdLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($40,000)</label>
    <label xlink:label="nm_EmporikiBankThirdLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole Bank ($40,000) to finance construction of Navios Azimuth</label>
    <loc xlink:href="nm-20161231.xsd#nm_EnresurMember" xlink:label="nm_EnresurMember" xlink:type="locator"/>
    <label xlink:label="nm_EnresurMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Enresur [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_EnresurMember" xlink:to="nm_EnresurMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_EnresurMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Enresur</label>
    <loc xlink:href="nm-20161231.xsd#nm_EntitiesIncludedInConsolidationTextBlock" xlink:label="nm_EntitiesIncludedInConsolidationTextBlock" xlink:type="locator"/>
    <label xlink:label="nm_EntitiesIncludedInConsolidationTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_EntitiesIncludedInConsolidationTextBlock" xlink:to="nm_EntitiesIncludedInConsolidationTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_EntitiesIncludedInConsolidationTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entities included in consolidation [text block]</label>
    <label xlink:label="nm_EntitiesIncludedInConsolidationTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entities included in the consolidation</label>
    <loc xlink:href="nm-20161231.xsd#nm_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash" xlink:label="nm_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash" xlink:type="locator"/>
    <label xlink:label="nm_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash" xlink:to="nm_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash_lbl" xlink:type="arc"/>
    <label xlink:label="nm_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investment Summarized Financial Information Cash And Cash Equivalents Including Restricted Cash</label>
    <label xlink:label="nm_EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalentsIncludingRestrictedCash_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents, including restricted cash</label>
    <loc xlink:href="nm-20161231.xsd#nm_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities" xlink:label="nm_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities" xlink:type="locator"/>
    <label xlink:label="nm_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of financial liabilities, reported by an equity method investment of the entity.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities" xlink:to="nm_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities_lbl" xlink:type="arc"/>
    <label xlink:label="nm_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investment Summarized Financial Information Financial Liabilities</label>
    <label xlink:label="nm_EquityMethodInvestmentSummarizedFinancialInformationFinancialLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial liabilities at fair value</label>
    <loc xlink:href="nm-20161231.xsd#nm_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities" xlink:label="nm_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities" xlink:type="locator"/>
    <label xlink:label="nm_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities" xlink:to="nm_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities_lbl" xlink:type="arc"/>
    <label xlink:label="nm_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investment Summarized Financial Information Long Term Debt Liabilities</label>
    <label xlink:label="nm_EquityMethodInvestmentSummarizedFinancialInformationLongTermDebtLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long- term debt including current portion, net</label>
    <loc xlink:href="nm-20161231.xsd#nm_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange" xlink:label="nm_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange" xlink:type="locator"/>
    <label xlink:label="nm_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange" xlink:to="nm_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange_lbl" xlink:type="arc"/>
    <label xlink:label="nm_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investment Summarized Financial Information Net Income Loss Before Non Cash Change</label>
    <label xlink:label="nm_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeNonCashChange_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net income/ (loss) before non-cash change in fair value of Junior Loan I and Junior Loan II</label>
    <loc xlink:href="nm-20161231.xsd#nm_EsmeraldaShippingCorporationMember" xlink:label="nm_EsmeraldaShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_EsmeraldaShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_EsmeraldaShippingCorporationMember" xlink:to="nm_EsmeraldaShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_EsmeraldaShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Esmeralda Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_EstimatedMaximumPotentialLoss" xlink:label="nm_EstimatedMaximumPotentialLoss" xlink:type="locator"/>
    <label xlink:label="nm_EstimatedMaximumPotentialLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_EstimatedMaximumPotentialLoss" xlink:to="nm_EstimatedMaximumPotentialLoss_lbl" xlink:type="arc"/>
    <label xlink:label="nm_EstimatedMaximumPotentialLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Estimated Maximum Potential Loss</label>
    <label xlink:label="nm_EstimatedMaximumPotentialLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated maximum potential loss</label>
    <loc xlink:href="nm-20161231.xsd#nm_ExpansionDryPortFacilityMember" xlink:label="nm_ExpansionDryPortFacilityMember" xlink:type="locator"/>
    <label xlink:label="nm_ExpansionDryPortFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ExpansionDryPortFacilityMember" xlink:to="nm_ExpansionDryPortFacilityMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ExpansionDryPortFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expansion of dry port facility</label>
    <loc xlink:href="nm-20161231.xsd#nm_ExpansionDryPortMember" xlink:label="nm_ExpansionDryPortMember" xlink:type="locator"/>
    <label xlink:label="nm_ExpansionDryPortMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ExpansionDryPortMember" xlink:to="nm_ExpansionDryPortMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ExpansionDryPortMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expansion of its dry port</label>
    <loc xlink:href="nm-20161231.xsd#nm_ExtendedCharterHireAgreement2Member" xlink:label="nm_ExtendedCharterHireAgreement2Member" xlink:type="locator"/>
    <label xlink:label="nm_ExtendedCharterHireAgreement2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ExtendedCharterHireAgreement2Member" xlink:to="nm_ExtendedCharterHireAgreement2Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ExtendedCharterHireAgreement2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Extended charter hire agreement 2</label>
    <loc xlink:href="nm-20161231.xsd#nm_ExtendedCharterHireAgreementMember" xlink:label="nm_ExtendedCharterHireAgreementMember" xlink:type="locator"/>
    <label xlink:label="nm_ExtendedCharterHireAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ExtendedCharterHireAgreementMember" xlink:to="nm_ExtendedCharterHireAgreementMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ExtendedCharterHireAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Extended charter hire agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_ExtendedManagementAgreementMember" xlink:label="nm_ExtendedManagementAgreementMember" xlink:type="locator"/>
    <label xlink:label="nm_ExtendedManagementAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ExtendedManagementAgreementMember" xlink:to="nm_ExtendedManagementAgreementMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ExtendedManagementAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Extended management agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis" xlink:label="nm_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis" xlink:type="locator"/>
    <label xlink:label="nm_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis" xlink:to="nm_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Assets And Liabilities Measured On Recurring Basis</label>
    <label xlink:label="nm_FairValueAssetsLiabilitiesMeasuredOnRecurringBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total</label>
    <loc xlink:href="nm-20161231.xsd#nm_FaithMarineLtdMember" xlink:label="nm_FaithMarineLtdMember" xlink:type="locator"/>
    <label xlink:label="nm_FaithMarineLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_FaithMarineLtdMember" xlink:to="nm_FaithMarineLtdMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FaithMarineLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Faith Marine Ltd [Member]</label>
    <label xlink:label="nm_FaithMarineLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Faith Marine Ltd.</label>
    <loc xlink:href="nm-20161231.xsd#nm_FavorableLeaseTermsPurchaseOptionsForVesselsMember" xlink:label="nm_FavorableLeaseTermsPurchaseOptionsForVesselsMember" xlink:type="locator"/>
    <label xlink:label="nm_FavorableLeaseTermsPurchaseOptionsForVesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_FavorableLeaseTermsPurchaseOptionsForVesselsMember" xlink:to="nm_FavorableLeaseTermsPurchaseOptionsForVesselsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FavorableLeaseTermsPurchaseOptionsForVesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Favorable lease terms purchase options for vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_FerniHMember" xlink:label="nm_FerniHMember" xlink:type="locator"/>
    <label xlink:label="nm_FerniHMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ferni H [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_FerniHMember" xlink:to="nm_FerniHMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FerniHMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ferni H</label>
    <loc xlink:href="nm-20161231.xsd#nm_FerniHSanSanHMember" xlink:label="nm_FerniHSanSanHMember" xlink:type="locator"/>
    <label xlink:label="nm_FerniHSanSanHMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_FerniHSanSanHMember" xlink:to="nm_FerniHSanSanHMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FerniHSanSanHMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ferni H and San San H</label>
    <loc xlink:href="nm-20161231.xsd#nm_FifthStockIssuanceMember" xlink:label="nm_FifthStockIssuanceMember" xlink:type="locator"/>
    <label xlink:label="nm_FifthStockIssuanceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_FifthStockIssuanceMember" xlink:to="nm_FifthStockIssuanceMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FifthStockIssuanceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fifth Stock Issuance</label>
    <loc xlink:href="nm-20161231.xsd#nm_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:label="nm_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:type="locator"/>
    <label xlink:label="nm_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet" xlink:to="nm_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite Lived Intangible Assets Disposal Transfer To Vessel Cost Net</label>
    <label xlink:label="nm_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfer to vessel cost/Write off</label>
    <label xlink:label="nm_FiniteLivedIntangibleAssetsDisposalTransferToVesselCostNet_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Write off</label>
    <loc xlink:href="nm-20161231.xsd#nm_FinitelivedIntangibleAssetsIncludingGoodwill" xlink:label="nm_FinitelivedIntangibleAssetsIncludingGoodwill" xlink:type="locator"/>
    <label xlink:label="nm_FinitelivedIntangibleAssetsIncludingGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_FinitelivedIntangibleAssetsIncludingGoodwill" xlink:to="nm_FinitelivedIntangibleAssetsIncludingGoodwill_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FinitelivedIntangibleAssetsIncludingGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finitelived Intangible Assets Including Goodwill</label>
    <label xlink:label="nm_FinitelivedIntangibleAssetsIncludingGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill and other intangibles</label>
    <loc xlink:href="nm-20161231.xsd#nm_FirstOnePointFiveMillionProfitsAboveBaseRateMember" xlink:label="nm_FirstOnePointFiveMillionProfitsAboveBaseRateMember" xlink:type="locator"/>
    <label xlink:label="nm_FirstOnePointFiveMillionProfitsAboveBaseRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_FirstOnePointFiveMillionProfitsAboveBaseRateMember" xlink:to="nm_FirstOnePointFiveMillionProfitsAboveBaseRateMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FirstOnePointFiveMillionProfitsAboveBaseRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">First $1.5 milion in profits above the base rate</label>
    <loc xlink:href="nm-20161231.xsd#nm_FirstTwoPointFiveMillionProfitsAboveMarketRateMember" xlink:label="nm_FirstTwoPointFiveMillionProfitsAboveMarketRateMember" xlink:type="locator"/>
    <label xlink:label="nm_FirstTwoPointFiveMillionProfitsAboveMarketRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_FirstTwoPointFiveMillionProfitsAboveMarketRateMember" xlink:to="nm_FirstTwoPointFiveMillionProfitsAboveMarketRateMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FirstTwoPointFiveMillionProfitsAboveMarketRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">First $2.5 millions in profits above the base rate</label>
    <loc xlink:href="nm-20161231.xsd#nm_FirstYearCharterHireAgreementMember" xlink:label="nm_FirstYearCharterHireAgreementMember" xlink:type="locator"/>
    <label xlink:label="nm_FirstYearCharterHireAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_FirstYearCharterHireAgreementMember" xlink:to="nm_FirstYearCharterHireAgreementMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FirstYearCharterHireAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">First year charter hire agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_FiveYearsAfterIssuanceDateScenarioMember" xlink:label="nm_FiveYearsAfterIssuanceDateScenarioMember" xlink:type="locator"/>
    <label xlink:label="nm_FiveYearsAfterIssuanceDateScenarioMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_FiveYearsAfterIssuanceDateScenarioMember" xlink:to="nm_FiveYearsAfterIssuanceDateScenarioMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FiveYearsAfterIssuanceDateScenarioMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Five years after the issuance date of Convertible Preferred Stock</label>
    <loc xlink:href="nm-20161231.xsd#nm_FixedDrydockingExpenses" xlink:label="nm_FixedDrydockingExpenses" xlink:type="locator"/>
    <label xlink:label="nm_FixedDrydockingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_FixedDrydockingExpenses" xlink:to="nm_FixedDrydockingExpenses_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FixedDrydockingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed Drydocking Expenses</label>
    <label xlink:label="nm_FixedDrydockingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fixed drydocking expenses</label>
    <loc xlink:href="nm-20161231.xsd#nm_FloralMarineLtdMember" xlink:label="nm_FloralMarineLtdMember" xlink:type="locator"/>
    <label xlink:label="nm_FloralMarineLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_FloralMarineLtdMember" xlink:to="nm_FloralMarineLtdMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FloralMarineLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Floral Marine Ltd [Member]</label>
    <label xlink:label="nm_FloralMarineLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Floral Marine Ltd.</label>
    <loc xlink:href="nm-20161231.xsd#nm_ForeignCurrencyExchangeGainsLosses" xlink:label="nm_ForeignCurrencyExchangeGainsLosses" xlink:type="locator"/>
    <label xlink:label="nm_ForeignCurrencyExchangeGainsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ForeignCurrencyExchangeGainsLosses" xlink:to="nm_ForeignCurrencyExchangeGainsLosses_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ForeignCurrencyExchangeGainsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Currency Exchange Gains Losses</label>
    <label xlink:label="nm_ForeignCurrencyExchangeGainsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign curency exchange gains/(losses)</label>
    <loc xlink:href="nm-20161231.xsd#nm_FourteenVesselsMember" xlink:label="nm_FourteenVesselsMember" xlink:type="locator"/>
    <label xlink:label="nm_FourteenVesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fourteen Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_FourteenVesselsMember" xlink:to="nm_FourteenVesselsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FourteenVesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">14 Vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember" xlink:label="nm_FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember" xlink:type="locator"/>
    <label xlink:label="nm_FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember" xlink:to="nm_FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FreightCarriedBetweenParaguayArgentinaBoliviaBrazilOrUruguayMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">If carried between Paraguay and Argentina, Bolivia, Brazil or Uruguay</label>
    <loc xlink:href="nm-20161231.xsd#nm_FundedFromSeniorLoanMember" xlink:label="nm_FundedFromSeniorLoanMember" xlink:type="locator"/>
    <label xlink:label="nm_FundedFromSeniorLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_FundedFromSeniorLoanMember" xlink:to="nm_FundedFromSeniorLoanMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FundedFromSeniorLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Funded from Senior Loan $117,753</label>
    <loc xlink:href="nm-20161231.xsd#nm_FundingCommitmentMember" xlink:label="nm_FundingCommitmentMember" xlink:type="locator"/>
    <label xlink:label="nm_FundingCommitmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Funding Commitment [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_FundingCommitmentMember" xlink:to="nm_FundingCommitmentMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FundingCommitmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Funding Commitment</label>
    <loc xlink:href="nm-20161231.xsd#nm_FurnitureFixtureAndEquipmentMember" xlink:label="nm_FurnitureFixtureAndEquipmentMember" xlink:type="locator"/>
    <label xlink:label="nm_FurnitureFixtureAndEquipmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_FurnitureFixtureAndEquipmentMember" xlink:to="nm_FurnitureFixtureAndEquipmentMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FurnitureFixtureAndEquipmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Furniture, fixtures and equipment</label>
    <loc xlink:href="nm-20161231.xsd#nm_FurtherExtendedCharterHireAgreementIIMember" xlink:label="nm_FurtherExtendedCharterHireAgreementIIMember" xlink:type="locator"/>
    <label xlink:label="nm_FurtherExtendedCharterHireAgreementIIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_FurtherExtendedCharterHireAgreementIIMember" xlink:to="nm_FurtherExtendedCharterHireAgreementIIMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FurtherExtendedCharterHireAgreementIIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Second further extension, Charter hire agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_FurtherExtendedCharterHireAgreementMember" xlink:label="nm_FurtherExtendedCharterHireAgreementMember" xlink:type="locator"/>
    <label xlink:label="nm_FurtherExtendedCharterHireAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_FurtherExtendedCharterHireAgreementMember" xlink:to="nm_FurtherExtendedCharterHireAgreementMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FurtherExtendedCharterHireAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Further extension, Charter hire agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_FutureMinimumRevenueNetOfCommissionsTableTextBlock" xlink:label="nm_FutureMinimumRevenueNetOfCommissionsTableTextBlock" xlink:type="locator"/>
    <label xlink:label="nm_FutureMinimumRevenueNetOfCommissionsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_FutureMinimumRevenueNetOfCommissionsTableTextBlock" xlink:to="nm_FutureMinimumRevenueNetOfCommissionsTableTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_FutureMinimumRevenueNetOfCommissionsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Future Minimum Revenue net of commissions [Table Text Block]</label>
    <label xlink:label="nm_FutureMinimumRevenueNetOfCommissionsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Chartered-out vessels, barges and pushboats</label>
    <loc xlink:href="nm-20161231.xsd#nm_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts" xlink:label="nm_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts" xlink:type="locator"/>
    <label xlink:label="nm_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts" xlink:to="nm_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts_lbl" xlink:type="arc"/>
    <label xlink:label="nm_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains Losses On Extinguishment Of Debt Due To Accelerated Amortization Of Finance Costs</label>
    <label xlink:label="nm_GainsLossesOnExtinguishmentOfDebtDueToAcceleratedAmortizationOfFinanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss relating to the accelerated amortization of unamortized deferred finance costs</label>
    <loc xlink:href="nm-20161231.xsd#nm_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses" xlink:label="nm_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses" xlink:type="locator"/>
    <label xlink:label="nm_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses" xlink:to="nm_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses_lbl" xlink:type="arc"/>
    <label xlink:label="nm_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains Losses On Extinguishment Of Debt Due To Payments For Fees And Expenses</label>
    <label xlink:label="nm_GainsLossesOnExtinguishmentOfDebtDueToPaymentsForFeesAndExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain / (Loss) relating to cash payments for transaction fees and expenses</label>
    <loc xlink:href="nm-20161231.xsd#nm_GeneralAndAdministrativeFees" xlink:label="nm_GeneralAndAdministrativeFees" xlink:type="locator"/>
    <label xlink:label="nm_GeneralAndAdministrativeFees_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_GeneralAndAdministrativeFees" xlink:to="nm_GeneralAndAdministrativeFees_lbl" xlink:type="arc"/>
    <label xlink:label="nm_GeneralAndAdministrativeFees_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">General And Administrative Fees</label>
    <label xlink:label="nm_GeneralAndAdministrativeFees_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">General and administrative fees</label>
    <loc xlink:href="nm-20161231.xsd#nm_GeneralPartnersCapitalAccountUnitsOffered" xlink:label="nm_GeneralPartnersCapitalAccountUnitsOffered" xlink:type="locator"/>
    <label xlink:label="nm_GeneralPartnersCapitalAccountUnitsOffered_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_GeneralPartnersCapitalAccountUnitsOffered" xlink:to="nm_GeneralPartnersCapitalAccountUnitsOffered_lbl" xlink:type="arc"/>
    <label xlink:label="nm_GeneralPartnersCapitalAccountUnitsOffered_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">General Partners Capital Account Units Offered</label>
    <loc xlink:href="nm-20161231.xsd#nm_GingerServicesCoMember" xlink:label="nm_GingerServicesCoMember" xlink:type="locator"/>
    <label xlink:label="nm_GingerServicesCoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_GingerServicesCoMember" xlink:to="nm_GingerServicesCoMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_GingerServicesCoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ginger Services Co [Member]</label>
    <label xlink:label="nm_GingerServicesCoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ginger Services Co.</label>
    <loc xlink:href="nm-20161231.xsd#nm_GoldlandEmeraldAnonimosEteriaMember" xlink:label="nm_GoldlandEmeraldAnonimosEteriaMember" xlink:type="locator"/>
    <label xlink:label="nm_GoldlandEmeraldAnonimosEteriaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_GoldlandEmeraldAnonimosEteriaMember" xlink:to="nm_GoldlandEmeraldAnonimosEteriaMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_GoldlandEmeraldAnonimosEteriaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goldland Anonymos Eteria</label>
    <loc xlink:href="nm-20161231.xsd#nm_HeraklesShippingCorporationMember" xlink:label="nm_HeraklesShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_HeraklesShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_HeraklesShippingCorporationMember" xlink:to="nm_HeraklesShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_HeraklesShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Herakles Shipping Corporation [Member]</label>
    <label xlink:label="nm_HeraklesShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Herakles Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_HestiaShippingLtdMember" xlink:label="nm_HestiaShippingLtdMember" xlink:type="locator"/>
    <label xlink:label="nm_HestiaShippingLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_HestiaShippingLtdMember" xlink:to="nm_HestiaShippingLtdMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_HestiaShippingLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hestia Shipping Ltd [Member]</label>
    <label xlink:label="nm_HestiaShippingLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hestia Shipping Ltd.</label>
    <loc xlink:href="nm-20161231.xsd#nm_HidronaveMember" xlink:label="nm_HidronaveMember" xlink:type="locator"/>
    <label xlink:label="nm_HidronaveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hidronave [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_HidronaveMember" xlink:to="nm_HidronaveMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_HidronaveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hidronave</label>
    <loc xlink:href="nm-20161231.xsd#nm_HighbirdManagementIncMember" xlink:label="nm_HighbirdManagementIncMember" xlink:type="locator"/>
    <label xlink:label="nm_HighbirdManagementIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_HighbirdManagementIncMember" xlink:to="nm_HighbirdManagementIncMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_HighbirdManagementIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Highbird Management Inc [Member]</label>
    <label xlink:label="nm_HighbirdManagementIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Highbird Management Inc.</label>
    <loc xlink:href="nm-20161231.xsd#nm_HiosShippingCorporationMember" xlink:label="nm_HiosShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_HiosShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_HiosShippingCorporationMember" xlink:to="nm_HiosShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_HiosShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hios Shipping Corporation [Member]</label>
    <label xlink:label="nm_HiosShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hios Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_HiredVesselsInOperationMember" xlink:label="nm_HiredVesselsInOperationMember" xlink:type="locator"/>
    <label xlink:label="nm_HiredVesselsInOperationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_HiredVesselsInOperationMember" xlink:to="nm_HiredVesselsInOperationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_HiredVesselsInOperationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Charter-in vessels in operation</label>
    <loc xlink:href="nm-20161231.xsd#nm_HorizonShippingEnterprisesCorporationMember" xlink:label="nm_HorizonShippingEnterprisesCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_HorizonShippingEnterprisesCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_HorizonShippingEnterprisesCorporationMember" xlink:to="nm_HorizonShippingEnterprisesCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_HorizonShippingEnterprisesCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Horizon Shipping Enterprises Corporation [Member]</label>
    <label xlink:label="nm_HorizonShippingEnterprisesCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Horizon Shipping Enterprises Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_HshNordbankCommerzbankMember" xlink:label="nm_HshNordbankCommerzbankMember" xlink:type="locator"/>
    <label xlink:label="nm_HshNordbankCommerzbankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_HshNordbankCommerzbankMember" xlink:to="nm_HshNordbankCommerzbankMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_HshNordbankCommerzbankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">HSH Nordbank and Commerzbank A.G.</label>
    <loc xlink:href="nm-20161231.xsd#nm_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:label="nm_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:type="locator"/>
    <label xlink:label="nm_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm" xlink:to="nm_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm_lbl" xlink:type="arc"/>
    <label xlink:label="nm_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Decrease In Due From Affiliates Receivable Long Term</label>
    <label xlink:label="nm_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">(Increase)/decrease in long-term receivable from affiliate companies</label>
    <label xlink:label="nm_IncreaseDecreaseInDueFromAffiliatesReceivableLongTerm_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Increase in long-term receivable from affiliate companies</label>
    <loc xlink:href="nm-20161231.xsd#nm_IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember" xlink:label="nm_IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember" xlink:type="locator"/>
    <label xlink:label="nm_IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember" xlink:to="nm_IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_IndebtednessInConnectionWithSixVesselsAddedAsCollateralMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Indebtedness in connection with six vessels added as collateral</label>
    <loc xlink:href="nm-20161231.xsd#nm_InsuranceClaimsPolicyTextBlock" xlink:label="nm_InsuranceClaimsPolicyTextBlock" xlink:type="locator"/>
    <label xlink:label="nm_InsuranceClaimsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_InsuranceClaimsPolicyTextBlock" xlink:to="nm_InsuranceClaimsPolicyTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_InsuranceClaimsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance Claims [Policy Text Block]</label>
    <label xlink:label="nm_InsuranceClaimsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance Claims</label>
    <loc xlink:href="nm-20161231.xsd#nm_InsuranceRestructuringMember" xlink:label="nm_InsuranceRestructuringMember" xlink:type="locator"/>
    <label xlink:label="nm_InsuranceRestructuringMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance Restructuring [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_InsuranceRestructuringMember" xlink:to="nm_InsuranceRestructuringMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_InsuranceRestructuringMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance restructuring</label>
    <loc xlink:href="nm-20161231.xsd#nm_InterestDebtExpenseInvestmentIncome" xlink:label="nm_InterestDebtExpenseInvestmentIncome" xlink:type="locator"/>
    <label xlink:label="nm_InterestDebtExpenseInvestmentIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_InterestDebtExpenseInvestmentIncome" xlink:to="nm_InterestDebtExpenseInvestmentIncome_lbl" xlink:type="arc"/>
    <label xlink:label="nm_InterestDebtExpenseInvestmentIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Debt Expense Investment Income</label>
    <label xlink:label="nm_InterestDebtExpenseInvestmentIncome_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest expense and finance cost</label>
    <label xlink:label="nm_InterestDebtExpenseInvestmentIncome_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Interest expense and finance cost, net</label>
    <loc xlink:href="nm-20161231.xsd#nm_InterestExpenseAndFinanceCostAbstract" xlink:label="nm_InterestExpenseAndFinanceCostAbstract" xlink:type="locator"/>
    <label xlink:label="nm_InterestExpenseAndFinanceCostAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_InterestExpenseAndFinanceCostAbstract" xlink:to="nm_InterestExpenseAndFinanceCostAbstract_lbl" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.xsd#nm_InterestExpenseAndFinanceCostTableTextBlock" xlink:label="nm_InterestExpenseAndFinanceCostTableTextBlock" xlink:type="locator"/>
    <label xlink:label="nm_InterestExpenseAndFinanceCostTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_InterestExpenseAndFinanceCostTableTextBlock" xlink:to="nm_InterestExpenseAndFinanceCostTableTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_InterestExpenseAndFinanceCostTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Expense And Finance Cost [Table Text Block]</label>
    <label xlink:label="nm_InterestExpenseAndFinanceCostTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest expense and finance cost</label>
    <loc xlink:href="nm-20161231.xsd#nm_InvestmentInCommonStockShares" xlink:label="nm_InvestmentInCommonStockShares" xlink:type="locator"/>
    <label xlink:label="nm_InvestmentInCommonStockShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_InvestmentInCommonStockShares" xlink:to="nm_InvestmentInCommonStockShares_lbl" xlink:type="arc"/>
    <label xlink:label="nm_InvestmentInCommonStockShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment In Common Stock Shares</label>
    <label xlink:label="nm_InvestmentInCommonStockShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of common stock shares</label>
    <loc xlink:href="nm-20161231.xsd#nm_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:label="nm_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:type="locator"/>
    <label xlink:label="nm_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease" xlink:to="nm_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease_lbl" xlink:type="arc"/>
    <label xlink:label="nm_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments In Related Parties At Fair Value Period Increase Decrease</label>
    <label xlink:label="nm_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Investment in related party</label>
    <label xlink:label="nm_InvestmentsInRelatedPartiesFairValuePeriodIncreaseDecrease_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Investment in affiliate companies</label>
    <loc xlink:href="nm-20161231.xsd#nm_InvestmentsInSubsidiaries" xlink:label="nm_InvestmentsInSubsidiaries" xlink:type="locator"/>
    <label xlink:label="nm_InvestmentsInSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_InvestmentsInSubsidiaries" xlink:to="nm_InvestmentsInSubsidiaries_lbl" xlink:type="arc"/>
    <label xlink:label="nm_InvestmentsInSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments in subsidiaries</label>
    <label xlink:label="nm_InvestmentsInSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments in subsidiaries</label>
    <loc xlink:href="nm-20161231.xsd#nm_IonianShippingCorporationMember" xlink:label="nm_IonianShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_IonianShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_IonianShippingCorporationMember" xlink:to="nm_IonianShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_IonianShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ionian Shipping Corporation [Member]</label>
    <label xlink:label="nm_IonianShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ionian Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_IrisShippingCorporationMember" xlink:label="nm_IrisShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_IrisShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_IrisShippingCorporationMember" xlink:to="nm_IrisShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_IrisShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Iris Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_JasmineShippingCorporationMember" xlink:label="nm_JasmineShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_JasmineShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_JasmineShippingCorporationMember" xlink:to="nm_JasmineShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_JasmineShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Jasmine Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_KlcSharesEarlyRepaymentMember" xlink:label="nm_KlcSharesEarlyRepaymentMember" xlink:type="locator"/>
    <label xlink:label="nm_KlcSharesEarlyRepaymentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_KlcSharesEarlyRepaymentMember" xlink:to="nm_KlcSharesEarlyRepaymentMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_KlcSharesEarlyRepaymentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">KLC shares early repayment</label>
    <loc xlink:href="nm-20161231.xsd#nm_KleimarLtdMember" xlink:label="nm_KleimarLtdMember" xlink:type="locator"/>
    <label xlink:label="nm_KleimarLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_KleimarLtdMember" xlink:to="nm_KleimarLtdMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_KleimarLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Kleimar Ltd [Member]</label>
    <label xlink:label="nm_KleimarLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Kleimar Ltd.</label>
    <loc xlink:href="nm-20161231.xsd#nm_KleimarNvMember" xlink:label="nm_KleimarNvMember" xlink:type="locator"/>
    <label xlink:label="nm_KleimarNvMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_KleimarNvMember" xlink:to="nm_KleimarNvMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_KleimarNvMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Kleimar Nv [Member]</label>
    <label xlink:label="nm_KleimarNvMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Kleimar N.V.</label>
    <loc xlink:href="nm-20161231.xsd#nm_KohyliaShipmanagementIncMember" xlink:label="nm_KohyliaShipmanagementIncMember" xlink:type="locator"/>
    <label xlink:label="nm_KohyliaShipmanagementIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_KohyliaShipmanagementIncMember" xlink:to="nm_KohyliaShipmanagementIncMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_KohyliaShipmanagementIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Kohylia Shipmanagement Inc [Member]</label>
    <label xlink:label="nm_KohyliaShipmanagementIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Kohylia Shipmanagement S.A.</label>
    <loc xlink:href="nm-20161231.xsd#nm_KoreaLineAndPanOceanMember" xlink:label="nm_KoreaLineAndPanOceanMember" xlink:type="locator"/>
    <label xlink:label="nm_KoreaLineAndPanOceanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_KoreaLineAndPanOceanMember" xlink:to="nm_KoreaLineAndPanOceanMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_KoreaLineAndPanOceanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">KLC and STX</label>
    <loc xlink:href="nm-20161231.xsd#nm_KoreaLineCorporationMember" xlink:label="nm_KoreaLineCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_KoreaLineCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_KoreaLineCorporationMember" xlink:to="nm_KoreaLineCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_KoreaLineCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Korea Line Corporation (''KLC'')</label>
    <loc xlink:href="nm-20161231.xsd#nm_KyprosShippingCorporationMember" xlink:label="nm_KyprosShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_KyprosShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_KyprosShippingCorporationMember" xlink:to="nm_KyprosShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_KyprosShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Kypros Shipping Corporation [Member]</label>
    <label xlink:label="nm_KyprosShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Kypros Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_LavenderShippingCorporationMember" xlink:label="nm_LavenderShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_LavenderShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_LavenderShippingCorporationMember" xlink:to="nm_LavenderShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_LavenderShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lavender Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_LeaseTerm" xlink:label="nm_LeaseTerm" xlink:type="locator"/>
    <label xlink:label="nm_LeaseTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_LeaseTerm" xlink:to="nm_LeaseTerm_lbl" xlink:type="arc"/>
    <label xlink:label="nm_LeaseTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Term</label>
    <label xlink:label="nm_LeaseTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease term</label>
    <loc xlink:href="nm-20161231.xsd#nm_LineCreditFacilityArrangementFees" xlink:label="nm_LineCreditFacilityArrangementFees" xlink:type="locator"/>
    <label xlink:label="nm_LineCreditFacilityArrangementFees_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_LineCreditFacilityArrangementFees" xlink:to="nm_LineCreditFacilityArrangementFees_lbl" xlink:type="arc"/>
    <label xlink:label="nm_LineCreditFacilityArrangementFees_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line Credit Facility Arrangement Fees</label>
    <loc xlink:href="nm-20161231.xsd#nm_LineOfCreditFacilityNumberOfRepaymentInstallment" xlink:label="nm_LineOfCreditFacilityNumberOfRepaymentInstallment" xlink:type="locator"/>
    <label xlink:label="nm_LineOfCreditFacilityNumberOfRepaymentInstallment_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_LineOfCreditFacilityNumberOfRepaymentInstallment" xlink:to="nm_LineOfCreditFacilityNumberOfRepaymentInstallment_lbl" xlink:type="arc"/>
    <label xlink:label="nm_LineOfCreditFacilityNumberOfRepaymentInstallment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line Of Credit Facility Number Of Repayment Installment</label>
    <label xlink:label="nm_LineOfCreditFacilityNumberOfRepaymentInstallment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repayment installments</label>
    <loc xlink:href="nm-20161231.xsd#nm_LoanAmountPerTrancheCopy" xlink:label="nm_LoanAmountPerTrancheCopy" xlink:type="locator"/>
    <label xlink:label="nm_LoanAmountPerTrancheCopy_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_LoanAmountPerTrancheCopy" xlink:to="nm_LoanAmountPerTrancheCopy_lbl" xlink:type="arc"/>
    <label xlink:label="nm_LoanAmountPerTrancheCopy_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan amount per tranche</label>
    <label xlink:label="nm_LoanAmountPerTrancheCopy_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan amount per tranche</label>
    <loc xlink:href="nm-20161231.xsd#nm_LoanFacilityCreditAgricoleMember" xlink:label="nm_LoanFacilityCreditAgricoleMember" xlink:type="locator"/>
    <label xlink:label="nm_LoanFacilityCreditAgricoleMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_LoanFacilityCreditAgricoleMember" xlink:to="nm_LoanFacilityCreditAgricoleMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_LoanFacilityCreditAgricoleMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($22,500)</label>
    <label xlink:label="nm_LoanFacilityCreditAgricoleMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan Facility Credit Agricole ($22,500) to finance the acquisition of the Navios Amalthia and Navios Bonanza</label>
    <loc xlink:href="nm-20161231.xsd#nm_LoanFacilityDVB40KMember" xlink:label="nm_LoanFacilityDVB40KMember" xlink:type="locator"/>
    <label xlink:label="nm_LoanFacilityDVB40KMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_LoanFacilityDVB40KMember" xlink:to="nm_LoanFacilityDVB40KMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_LoanFacilityDVB40KMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan Facility DVB Bank SE ($40,000)</label>
    <label xlink:label="nm_LoanFacilityDVB40KMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan Facility DVB Bank SE ($40,000) to finance the acquisition of four Panamax vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_LoanFacilityHshNordbankCommerzbankMember" xlink:label="nm_LoanFacilityHshNordbankCommerzbankMember" xlink:type="locator"/>
    <label xlink:label="nm_LoanFacilityHshNordbankCommerzbankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_LoanFacilityHshNordbankCommerzbankMember" xlink:to="nm_LoanFacilityHshNordbankCommerzbankMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_LoanFacilityHshNordbankCommerzbankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan Facility HSH Nordbank and Commerzbank A.G.</label>
    <loc xlink:href="nm-20161231.xsd#nm_LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:label="nm_LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:type="locator"/>
    <label xlink:label="nm_LoansLeasesReceivableRelatedPartiesFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_LoansLeasesReceivableRelatedPartiesFairValueDisclosure" xlink:to="nm_LoansLeasesReceivableRelatedPartiesFairValueDisclosure_lbl" xlink:type="arc"/>
    <label xlink:label="nm_LoansLeasesReceivableRelatedPartiesFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans And Leases Receivable Related Parties Fair Value Disclosure</label>
    <label xlink:label="nm_LoansLeasesReceivableRelatedPartiesFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan receivable from affiliate companies</label>
    <label xlink:label="nm_LoansLeasesReceivableRelatedPartiesFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan receivable from affiliate companies - Fair Value</label>
    <loc xlink:href="nm-20161231.xsd#nm_LoansPayableToBankFairValueDisclosure" xlink:label="nm_LoansPayableToBankFairValueDisclosure" xlink:type="locator"/>
    <label xlink:label="nm_LoansPayableToBankFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_LoansPayableToBankFairValueDisclosure" xlink:to="nm_LoansPayableToBankFairValueDisclosure_lbl" xlink:type="arc"/>
    <label xlink:label="nm_LoansPayableToBankFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Payable To Bank Fair Value Disclosure</label>
    <label xlink:label="nm_LoansPayableToBankFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term debt, including current portion</label>
    <label xlink:label="nm_LoansPayableToBankFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Long-term debt, including current portion - Fair Value</label>
    <loc xlink:href="nm-20161231.xsd#nm_LogisticBusinessMember" xlink:label="nm_LogisticBusinessMember" xlink:type="locator"/>
    <label xlink:label="nm_LogisticBusinessMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Logistic Business [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_LogisticBusinessMember" xlink:to="nm_LogisticBusinessMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_LogisticBusinessMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Logistics business</label>
    <loc xlink:href="nm-20161231.xsd#nm_LogisticsBusiness2Member" xlink:label="nm_LogisticsBusiness2Member" xlink:type="locator"/>
    <label xlink:label="nm_LogisticsBusiness2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Logistics Business2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_LogisticsBusiness2Member" xlink:to="nm_LogisticsBusiness2Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_LogisticsBusiness2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Logistics Business</label>
    <loc xlink:href="nm-20161231.xsd#nm_LogisticsBusinessMember" xlink:label="nm_LogisticsBusinessMember" xlink:type="locator"/>
    <label xlink:label="nm_LogisticsBusinessMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Logistics Business [Member}</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_LogisticsBusinessMember" xlink:to="nm_LogisticsBusinessMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_LogisticsBusinessMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Logistics Business</label>
    <loc xlink:href="nm-20161231.xsd#nm_Lr1ProductTankerMember" xlink:label="nm_Lr1ProductTankerMember" xlink:type="locator"/>
    <label xlink:label="nm_Lr1ProductTankerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_Lr1ProductTankerMember" xlink:to="nm_Lr1ProductTankerMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_Lr1ProductTankerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">LR1 product tanker vessel</label>
    <loc xlink:href="nm-20161231.xsd#nm_MR2AndLR1AndVLCCMember" xlink:label="nm_MR2AndLR1AndVLCCMember" xlink:type="locator"/>
    <label xlink:label="nm_MR2AndLR1AndVLCCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_MR2AndLR1AndVLCCMember" xlink:to="nm_MR2AndLR1AndVLCCMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_MR2AndLR1AndVLCCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">MR2, LR1 and VLCC vessel</label>
    <loc xlink:href="nm-20161231.xsd#nm_MagellanShippingCorporationMember" xlink:label="nm_MagellanShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_MagellanShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_MagellanShippingCorporationMember" xlink:to="nm_MagellanShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_MagellanShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Magellan Shipping Corporation [Member]</label>
    <label xlink:label="nm_MagellanShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Magellan Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_ManagementAgreementMember" xlink:label="nm_ManagementAgreementMember" xlink:type="locator"/>
    <label xlink:label="nm_ManagementAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Management Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_ManagementAgreementMember" xlink:to="nm_ManagementAgreementMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ManagementAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Management agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_ManagementAgreementTermInYears" xlink:label="nm_ManagementAgreementTermInYears" xlink:type="locator"/>
    <label xlink:label="nm_ManagementAgreementTermInYears_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ManagementAgreementTermInYears" xlink:to="nm_ManagementAgreementTermInYears_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ManagementAgreementTermInYears_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Management Agreement Term In Years</label>
    <loc xlink:href="nm-20161231.xsd#nm_ManagementFeeAnnualRate" xlink:label="nm_ManagementFeeAnnualRate" xlink:type="locator"/>
    <label xlink:label="nm_ManagementFeeAnnualRate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ManagementFeeAnnualRate" xlink:to="nm_ManagementFeeAnnualRate_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ManagementFeeAnnualRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Management Fee Annual Rate</label>
    <label xlink:label="nm_ManagementFeeAnnualRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total management fees</label>
    <label xlink:label="nm_ManagementFeeAnnualRate_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Annual fee received</label>
    <loc xlink:href="nm-20161231.xsd#nm_ManagementFeeDailyRate" xlink:label="nm_ManagementFeeDailyRate" xlink:type="locator"/>
    <label xlink:label="nm_ManagementFeeDailyRate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ManagementFeeDailyRate" xlink:to="nm_ManagementFeeDailyRate_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ManagementFeeDailyRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Management Fee Daily Rate</label>
    <label xlink:label="nm_ManagementFeeDailyRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Daily management fee</label>
    <loc xlink:href="nm-20161231.xsd#nm_MandoraShippingLtdMember" xlink:label="nm_MandoraShippingLtdMember" xlink:type="locator"/>
    <label xlink:label="nm_MandoraShippingLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_MandoraShippingLtdMember" xlink:to="nm_MandoraShippingLtdMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_MandoraShippingLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mandora Shipping Ltd [Member]</label>
    <label xlink:label="nm_MandoraShippingLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mandora Shipping Ltd.</label>
    <loc xlink:href="nm-20161231.xsd#nm_MauveInternationalSaMember" xlink:label="nm_MauveInternationalSaMember" xlink:type="locator"/>
    <label xlink:label="nm_MauveInternationalSaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_MauveInternationalSaMember" xlink:to="nm_MauveInternationalSaMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_MauveInternationalSaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mauve International Sa [Member]</label>
    <label xlink:label="nm_MauveInternationalSaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mauve International S.A.</label>
    <loc xlink:href="nm-20161231.xsd#nm_MaximumDividendPercentage" xlink:label="nm_MaximumDividendPercentage" xlink:type="locator"/>
    <label xlink:label="nm_MaximumDividendPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_MaximumDividendPercentage" xlink:to="nm_MaximumDividendPercentage_lbl" xlink:type="arc"/>
    <label xlink:label="nm_MaximumDividendPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum Dividend Percentage</label>
    <label xlink:label="nm_MaximumDividendPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum dividend percentage</label>
    <loc xlink:href="nm-20161231.xsd#nm_MercatorShippingCorporationMember" xlink:label="nm_MercatorShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_MercatorShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_MercatorShippingCorporationMember" xlink:to="nm_MercatorShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_MercatorShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mercator Shipping Corporation [Member]</label>
    <label xlink:label="nm_MercatorShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mercator Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_MergeSubsidiariesNaviosLogisticsMember" xlink:label="nm_MergeSubsidiariesNaviosLogisticsMember" xlink:type="locator"/>
    <label xlink:label="nm_MergeSubsidiariesNaviosLogisticsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_MergeSubsidiariesNaviosLogisticsMember" xlink:to="nm_MergeSubsidiariesNaviosLogisticsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_MergeSubsidiariesNaviosLogisticsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Merge of subsidiaries of Navios Logistics</label>
    <loc xlink:href="nm-20161231.xsd#nm_MeridianShippingEnterprisesIncMember" xlink:label="nm_MeridianShippingEnterprisesIncMember" xlink:type="locator"/>
    <label xlink:label="nm_MeridianShippingEnterprisesIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_MeridianShippingEnterprisesIncMember" xlink:to="nm_MeridianShippingEnterprisesIncMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_MeridianShippingEnterprisesIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Meridian Shipping Enterprises Inc [Member]</label>
    <label xlink:label="nm_MeridianShippingEnterprisesIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Meridian Shipping Enterprises Inc.</label>
    <loc xlink:href="nm-20161231.xsd#nm_MinimumAmountOfImportedCurrencyForAnnualContribution" xlink:label="nm_MinimumAmountOfImportedCurrencyForAnnualContribution" xlink:type="locator"/>
    <label xlink:label="nm_MinimumAmountOfImportedCurrencyForAnnualContribution_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_MinimumAmountOfImportedCurrencyForAnnualContribution" xlink:to="nm_MinimumAmountOfImportedCurrencyForAnnualContribution_lbl" xlink:type="arc"/>
    <label xlink:label="nm_MinimumAmountOfImportedCurrencyForAnnualContribution_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum Amount Of Imported Currency For Annual Contribution</label>
    <label xlink:label="nm_MinimumAmountOfImportedCurrencyForAnnualContribution_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contribution on imported foreign exchange</label>
    <loc xlink:href="nm-20161231.xsd#nm_MotivaTradingLtdMember" xlink:label="nm_MotivaTradingLtdMember" xlink:type="locator"/>
    <label xlink:label="nm_MotivaTradingLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_MotivaTradingLtdMember" xlink:to="nm_MotivaTradingLtdMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_MotivaTradingLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Motiva Trading Ltd</label>
    <loc xlink:href="nm-20161231.xsd#nm_Mr2ProductTankerChemicalTankerMember" xlink:label="nm_Mr2ProductTankerChemicalTankerMember" xlink:type="locator"/>
    <label xlink:label="nm_Mr2ProductTankerChemicalTankerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_Mr2ProductTankerChemicalTankerMember" xlink:to="nm_Mr2ProductTankerChemicalTankerMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_Mr2ProductTankerChemicalTankerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">MR2 product tanker and chemical tanker vessel</label>
    <loc xlink:href="nm-20161231.xsd#nm_Mr2ProductTankerMember" xlink:label="nm_Mr2ProductTankerMember" xlink:type="locator"/>
    <label xlink:label="nm_Mr2ProductTankerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_Mr2ProductTankerMember" xlink:to="nm_Mr2ProductTankerMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_Mr2ProductTankerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">MR2 product tanker</label>
    <loc xlink:href="nm-20161231.xsd#nm_NavHoldingsLimitedMember" xlink:label="nm_NavHoldingsLimitedMember" xlink:type="locator"/>
    <label xlink:label="nm_NavHoldingsLimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NavHoldingsLimitedMember" xlink:to="nm_NavHoldingsLimitedMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NavHoldingsLimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nav Holdings Limited [Member]</label>
    <label xlink:label="nm_NavHoldingsLimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NAV Holdings Limited</label>
    <loc xlink:href="nm-20161231.xsd#nm_NavimaxCorporationMember" xlink:label="nm_NavimaxCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_NavimaxCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NavimaxCorporationMember" xlink:to="nm_NavimaxCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NavimaxCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navimax Corporation [Member]</label>
    <label xlink:label="nm_NavimaxCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navimax Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosAcquisition3Member" xlink:label="nm_NaviosAcquisition3Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosAcquisition3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Acquisition3 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosAcquisition3Member" xlink:to="nm_NaviosAcquisition3Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosAcquisition3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Acquisition</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosAcquisition4Member" xlink:label="nm_NaviosAcquisition4Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosAcquisition4Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Acquisition4 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosAcquisition4Member" xlink:to="nm_NaviosAcquisition4Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosAcquisition4Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Acquisition</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosAcquisition6Member" xlink:label="nm_NaviosAcquisition6Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosAcquisition6Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosAcquisition6Member" xlink:to="nm_NaviosAcquisition6Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosAcquisition6Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Acquisition</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosAcquisitionAgreementMember" xlink:label="nm_NaviosAcquisitionAgreementMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosAcquisitionAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosAcquisitionAgreementMember" xlink:to="nm_NaviosAcquisitionAgreementMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosAcquisitionAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Acquisition Agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosAcquisitionLoanMember" xlink:label="nm_NaviosAcquisitionLoanMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosAcquisitionLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosAcquisitionLoanMember" xlink:to="nm_NaviosAcquisitionLoanMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosAcquisitionLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Acquisition Loan</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosAcquisitionMember" xlink:label="nm_NaviosAcquisitionMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosAcquisitionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NaviosAcquisitionMember" xlink:to="nm_NaviosAcquisitionMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosAcquisitionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Acquisition [Member]</label>
    <label xlink:label="nm_NaviosAcquisitionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Acquisition</label>
    <label xlink:label="nm_NaviosAcquisitionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Navios Acquisition and its subsidiaries</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosAldebaranMember" xlink:label="nm_NaviosAldebaranMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosAldebaranMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Aldebaran [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosAldebaranMember" xlink:to="nm_NaviosAldebaranMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosAldebaranMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Aldebaran</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosAmalthiaMember" xlink:label="nm_NaviosAmalthiaMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosAmalthiaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Amalthia [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosAmalthiaMember" xlink:to="nm_NaviosAmalthiaMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosAmalthiaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">N Amalthia</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosAmitieMember" xlink:label="nm_NaviosAmitieMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosAmitieMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Amitie [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosAmitieMember" xlink:to="nm_NaviosAmitieMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosAmitieMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Amitie</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosApollonMember" xlink:label="nm_NaviosApollonMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosApollonMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Apollon [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosApollonMember" xlink:to="nm_NaviosApollonMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosApollonMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Apollon</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosAsia1Member" xlink:label="nm_NaviosAsia1Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosAsia1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Asia1 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosAsia1Member" xlink:to="nm_NaviosAsia1Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosAsia1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Asia</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosAsia4Member" xlink:label="nm_NaviosAsia4Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosAsia4Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosAsia4Member" xlink:to="nm_NaviosAsia4Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosAsia4Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Asia</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosAsiaLlcMember" xlink:label="nm_NaviosAsiaLlcMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosAsiaLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosAsiaLlcMember" xlink:to="nm_NaviosAsiaLlcMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosAsiaLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Asia LLC</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosAsiaLoanMember" xlink:label="nm_NaviosAsiaLoanMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosAsiaLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosAsiaLoanMember" xlink:to="nm_NaviosAsiaLoanMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosAsiaLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Asia</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosAsiaMember" xlink:label="nm_NaviosAsiaMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosAsiaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Asia [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosAsiaMember" xlink:to="nm_NaviosAsiaMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosAsiaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Asia</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosAviorMember" xlink:label="nm_NaviosAviorMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosAviorMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Avior [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosAviorMember" xlink:to="nm_NaviosAviorMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosAviorMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Avior</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosBonanzaMember" xlink:label="nm_NaviosBonanzaMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosBonanzaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Bonanza [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosBonanzaMember" xlink:to="nm_NaviosBonanzaMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosBonanzaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">N Bonanza</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosBuenaVenturaMember" xlink:label="nm_NaviosBuenaVenturaMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosBuenaVenturaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosBuenaVenturaMember" xlink:to="nm_NaviosBuenaVenturaMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosBuenaVenturaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Buena Ventura</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosCentaurusMember" xlink:label="nm_NaviosCentaurusMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosCentaurusMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Centaurus [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosCentaurusMember" xlink:to="nm_NaviosCentaurusMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosCentaurusMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Centaurus</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosCorporationMember" xlink:label="nm_NaviosCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NaviosCorporationMember" xlink:to="nm_NaviosCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Corporation [Member]</label>
    <label xlink:label="nm_NaviosCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosEurope1Member" xlink:label="nm_NaviosEurope1Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosEurope1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosEurope1Member" xlink:to="nm_NaviosEurope1Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosEurope1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Europe I</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosEurope2Member" xlink:label="nm_NaviosEurope2Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosEurope2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Europe2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosEurope2Member" xlink:to="nm_NaviosEurope2Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosEurope2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Europe I</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosEurope3Member" xlink:label="nm_NaviosEurope3Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosEurope3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosEurope3Member" xlink:to="nm_NaviosEurope3Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosEurope3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Europe</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosEuropeAgreementIIMember" xlink:label="nm_NaviosEuropeAgreementIIMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosEuropeAgreementIIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosEuropeAgreementIIMember" xlink:to="nm_NaviosEuropeAgreementIIMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosEuropeAgreementIIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Europe II Agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosEuropeAgreementMember" xlink:label="nm_NaviosEuropeAgreementMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosEuropeAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosEuropeAgreementMember" xlink:to="nm_NaviosEuropeAgreementMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosEuropeAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Europe I Agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosEuropeII2Member" xlink:label="nm_NaviosEuropeII2Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosEuropeII2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosEuropeII2Member" xlink:to="nm_NaviosEuropeII2Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosEuropeII2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Europe II</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosEuropeII3Member" xlink:label="nm_NaviosEuropeII3Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosEuropeII3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosEuropeII3Member" xlink:to="nm_NaviosEuropeII3Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosEuropeII3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Europe II</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosEuropeIIMember" xlink:label="nm_NaviosEuropeIIMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosEuropeIIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosEuropeIIMember" xlink:to="nm_NaviosEuropeIIMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosEuropeIIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Europe II</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosEuropeMember" xlink:label="nm_NaviosEuropeMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosEuropeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Europe [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosEuropeMember" xlink:to="nm_NaviosEuropeMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosEuropeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Europe I</label>
    <label xlink:label="nm_NaviosEuropeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Navios Europe and its subsidiaries</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosFantastiksMember" xlink:label="nm_NaviosFantastiksMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosFantastiksMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Fantastiks [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosFantastiksMember" xlink:to="nm_NaviosFantastiksMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosFantastiksMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Fantastiks</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosFelicityMember" xlink:label="nm_NaviosFelicityMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosFelicityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Felicity [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosFelicityMember" xlink:to="nm_NaviosFelicityMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosFelicityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Felicity</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosFulviaMember" xlink:label="nm_NaviosFulviaMember" xlink:type="locator"/>
    <label id="label_NaviosFulviaMember" xlink:label="nm_NaviosFulviaMember_lbl" 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="nm_NaviosFulviaMember" xlink:to="nm_NaviosFulviaMember_lbl" xlink:type="arc"/>
    <label id="label_NaviosFulviaMember_2" xlink:label="nm_NaviosFulviaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosFulviaMember" xlink:type="resource" xml:lang="en-US">Navios Fulvia</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosGalileoAmitieTaurusNorthernStarMember" xlink:label="nm_NaviosGalileoAmitieTaurusNorthernStarMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosGalileoAmitieTaurusNorthernStarMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosGalileoAmitieTaurusNorthernStarMember" xlink:to="nm_NaviosGalileoAmitieTaurusNorthernStarMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosGalileoAmitieTaurusNorthernStarMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Galileo/Navios Amitie/Navios Taurus/Navios Northern Star</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosGalileoMember" xlink:label="nm_NaviosGalileoMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosGalileoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Galileo [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosGalileoMember" xlink:to="nm_NaviosGalileoMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosGalileoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Galileo</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosGemMember" xlink:label="nm_NaviosGemMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosGemMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Gem [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosGemMember" xlink:to="nm_NaviosGemMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosGemMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Gem</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosGeminiMember" xlink:label="nm_NaviosGeminiMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosGeminiMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Gemini [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosGeminiMember" xlink:to="nm_NaviosGeminiMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosGeminiMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Gemini</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosGpLlcMember" xlink:label="nm_NaviosGpLlcMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosGpLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NaviosGpLlcMember" xlink:to="nm_NaviosGpLlcMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosGpLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Gp Llc [Member]</label>
    <label xlink:label="nm_NaviosGpLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios GP L.L.C.</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosHandybulkIncMember" xlink:label="nm_NaviosHandybulkIncMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosHandybulkIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NaviosHandybulkIncMember" xlink:to="nm_NaviosHandybulkIncMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosHandybulkIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Handybulk Inc [Member]</label>
    <label xlink:label="nm_NaviosHandybulkIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Handybulk Inc.</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosHolding10Member" xlink:label="nm_NaviosHolding10Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosHolding10Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosHolding10Member" xlink:to="nm_NaviosHolding10Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosHolding10Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Holdings</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosHoldings3Member" xlink:label="nm_NaviosHoldings3Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosHoldings3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Holdings3 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosHoldings3Member" xlink:to="nm_NaviosHoldings3Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosHoldings3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Holdings</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosHoldings4Member" xlink:label="nm_NaviosHoldings4Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosHoldings4Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Holdings4 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosHoldings4Member" xlink:to="nm_NaviosHoldings4Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosHoldings4Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Holdings</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosHoldings5Member" xlink:label="nm_NaviosHoldings5Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosHoldings5Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Holdings5 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosHoldings5Member" xlink:to="nm_NaviosHoldings5Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosHoldings5Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Holdings</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosHoldingsAcquisitionPartnersMember" xlink:label="nm_NaviosHoldingsAcquisitionPartnersMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosHoldingsAcquisitionPartnersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosHoldingsAcquisitionPartnersMember" xlink:to="nm_NaviosHoldingsAcquisitionPartnersMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosHoldingsAcquisitionPartnersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Holdings, Navios Acquisition and Navios Partners</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosHoldingsAcquisitionsPartnersMember" xlink:label="nm_NaviosHoldingsAcquisitionsPartnersMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosHoldingsAcquisitionsPartnersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosHoldingsAcquisitionsPartnersMember" xlink:to="nm_NaviosHoldingsAcquisitionsPartnersMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosHoldingsAcquisitionsPartnersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Holdings, Navios Acquisitions,Navios Partners</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosHoldingsEuropeFinanceIncMember" xlink:label="nm_NaviosHoldingsEuropeFinanceIncMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosHoldingsEuropeFinanceIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosHoldingsEuropeFinanceIncMember" xlink:to="nm_NaviosHoldingsEuropeFinanceIncMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosHoldingsEuropeFinanceIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Holdings Europe Finance Inc.</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosHoldingsMaximumPotentialLossMember" xlink:label="nm_NaviosHoldingsMaximumPotentialLossMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosHoldingsMaximumPotentialLossMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosHoldingsMaximumPotentialLossMember" xlink:to="nm_NaviosHoldingsMaximumPotentialLossMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosHoldingsMaximumPotentialLossMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Holdings Maximum Potential Loss</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosHoldingsMember" xlink:label="nm_NaviosHoldingsMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosHoldingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NaviosHoldingsMember" xlink:to="nm_NaviosHoldingsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosHoldingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Holdings [Member]</label>
    <label xlink:label="nm_NaviosHoldingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Holdings borrowings</label>
    <label xlink:label="nm_NaviosHoldingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Navios Holdings</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosHoldingsPrincipalPayments2015Member" xlink:label="nm_NaviosHoldingsPrincipalPayments2015Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosHoldingsPrincipalPayments2015Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosHoldingsPrincipalPayments2015Member" xlink:to="nm_NaviosHoldingsPrincipalPayments2015Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosHoldingsPrincipalPayments2015Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Holdings - 2015 principal payment</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosHoldingsPrincipalPayments2016Member" xlink:label="nm_NaviosHoldingsPrincipalPayments2016Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosHoldingsPrincipalPayments2016Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosHoldingsPrincipalPayments2016Member" xlink:to="nm_NaviosHoldingsPrincipalPayments2016Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosHoldingsPrincipalPayments2016Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Holdings - 2016 principal payment</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosHoldingsSeriesGMember" xlink:label="nm_NaviosHoldingsSeriesGMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosHoldingsSeriesGMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosHoldingsSeriesGMember" xlink:to="nm_NaviosHoldingsSeriesGMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosHoldingsSeriesGMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Holdings Series G Preferred Stock</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosHoldingsSeriesHMember" xlink:label="nm_NaviosHoldingsSeriesHMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosHoldingsSeriesHMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosHoldingsSeriesHMember" xlink:to="nm_NaviosHoldingsSeriesHMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosHoldingsSeriesHMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Holdings Series H Preferred Stock</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosHopeMember" xlink:label="nm_NaviosHopeMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosHopeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Hope [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosHopeMember" xlink:to="nm_NaviosHopeMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosHopeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Hope</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosInternationalIncMember" xlink:label="nm_NaviosInternationalIncMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosInternationalIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NaviosInternationalIncMember" xlink:to="nm_NaviosInternationalIncMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosInternationalIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios International Inc [Member]</label>
    <label xlink:label="nm_NaviosInternationalIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios International Inc.</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosLibraMember" xlink:label="nm_NaviosLibraMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosLibraMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Libra [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosLibraMember" xlink:to="nm_NaviosLibraMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosLibraMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Libra</label>
    <label xlink:label="nm_NaviosLibraMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Navios Libra II</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosLogistics1Member" xlink:label="nm_NaviosLogistics1Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosLogistics1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosLogistics1Member" xlink:to="nm_NaviosLogistics1Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosLogistics1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Logistics</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosLogisticsAgreementMember" xlink:label="nm_NaviosLogisticsAgreementMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosLogisticsAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosLogisticsAgreementMember" xlink:to="nm_NaviosLogisticsAgreementMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosLogisticsAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Logistics Agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosLogisticsCommitmentsMember" xlink:label="nm_NaviosLogisticsCommitmentsMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosLogisticsCommitmentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosLogisticsCommitmentsMember" xlink:to="nm_NaviosLogisticsCommitmentsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosLogisticsCommitmentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Logistics</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosLogisticsMember" xlink:label="nm_NaviosLogisticsMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosLogisticsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NaviosLogisticsMember" xlink:to="nm_NaviosLogisticsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosLogisticsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Logistics [Member]</label>
    <label xlink:label="nm_NaviosLogisticsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Logistics</label>
    <label xlink:label="nm_NaviosLogisticsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Navios Logistics borrowings</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosLuzMember" xlink:label="nm_NaviosLuzMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosLuzMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Luz [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosLuzMember" xlink:to="nm_NaviosLuzMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosLuzMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Luz</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosLuzNaviosOrbiter2Member" xlink:label="nm_NaviosLuzNaviosOrbiter2Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosLuzNaviosOrbiter2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosLuzNaviosOrbiter2Member" xlink:to="nm_NaviosLuzNaviosOrbiter2Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosLuzNaviosOrbiter2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Luz / Navios Orbiter</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosLuzNaviosOrbiterMember" xlink:label="nm_NaviosLuzNaviosOrbiterMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosLuzNaviosOrbiterMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosLuzNaviosOrbiterMember" xlink:to="nm_NaviosLuzNaviosOrbiterMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosLuzNaviosOrbiterMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Luz/Navios Orbiter</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosMIdstreamMidstreamPartnersLPMember" xlink:label="nm_NaviosMIdstreamMidstreamPartnersLPMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosMIdstreamMidstreamPartnersLPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosMIdstreamMidstreamPartnersLPMember" xlink:to="nm_NaviosMIdstreamMidstreamPartnersLPMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosMIdstreamMidstreamPartnersLPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Midstream</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosMaritimeAcqusitionCorporationMember" xlink:label="nm_NaviosMaritimeAcqusitionCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosMaritimeAcqusitionCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosMaritimeAcqusitionCorporationMember" xlink:to="nm_NaviosMaritimeAcqusitionCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosMaritimeAcqusitionCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Acquisition</label>
    <label xlink:label="nm_NaviosMaritimeAcqusitionCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Navios Acquisition and its subsidiaries</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosMaritimeFinanceIiUsIncMember" xlink:label="nm_NaviosMaritimeFinanceIiUsIncMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosMaritimeFinanceIiUsIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NaviosMaritimeFinanceIiUsIncMember" xlink:to="nm_NaviosMaritimeFinanceIiUsIncMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosMaritimeFinanceIiUsIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Maritime Finance Ii Us Inc [Member]</label>
    <label xlink:label="nm_NaviosMaritimeFinanceIiUsIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Maritime Finance II (US) Inc.</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosMaritimeFinanceUsIncMember" xlink:label="nm_NaviosMaritimeFinanceUsIncMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosMaritimeFinanceUsIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NaviosMaritimeFinanceUsIncMember" xlink:to="nm_NaviosMaritimeFinanceUsIncMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosMaritimeFinanceUsIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Maritime Finance Us Inc [Member]</label>
    <label xlink:label="nm_NaviosMaritimeFinanceUsIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Maritime Finance (US) Inc.</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosMaritimeHoldingsIncMember" xlink:label="nm_NaviosMaritimeHoldingsIncMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosMaritimeHoldingsIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NaviosMaritimeHoldingsIncMember" xlink:to="nm_NaviosMaritimeHoldingsIncMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosMaritimeHoldingsIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Maritime Holdings Inc [Member]</label>
    <label xlink:label="nm_NaviosMaritimeHoldingsIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Maritime Holdings Inc.</label>
    <label xlink:label="nm_NaviosMaritimeHoldingsIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Navios Holdings</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosMaritimePartnersLPMember" xlink:label="nm_NaviosMaritimePartnersLPMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosMaritimePartnersLPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosMaritimePartnersLPMember" xlink:to="nm_NaviosMaritimePartnersLPMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosMaritimePartnersLPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Partners</label>
    <label xlink:label="nm_NaviosMaritimePartnersLPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Navios Partners and its subsidiaries</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosMarsMember" xlink:label="nm_NaviosMarsMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosMarsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Mars [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosMarsMember" xlink:to="nm_NaviosMarsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosMarsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Mars</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosMelodia1Member" xlink:label="nm_NaviosMelodia1Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosMelodia1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Melodia1 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosMelodia1Member" xlink:to="nm_NaviosMelodia1Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosMelodia1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Melodia</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosMidstreamAgreementMember" xlink:label="nm_NaviosMidstreamAgreementMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosMidstreamAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosMidstreamAgreementMember" xlink:to="nm_NaviosMidstreamAgreementMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosMidstreamAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Midstream Agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosMidstreamMember" xlink:label="nm_NaviosMidstreamMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosMidstreamMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Midstream [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosMidstreamMember" xlink:to="nm_NaviosMidstreamMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosMidstreamMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Midstream</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosMidstreamRelatedPartyMember" xlink:label="nm_NaviosMidstreamRelatedPartyMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosMidstreamRelatedPartyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosMidstreamRelatedPartyMember" xlink:to="nm_NaviosMidstreamRelatedPartyMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosMidstreamRelatedPartyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Midstream</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosMidstreamVlccMember" xlink:label="nm_NaviosMidstreamVlccMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosMidstreamVlccMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosMidstreamVlccMember" xlink:to="nm_NaviosMidstreamVlccMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosMidstreamVlccMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Midstream VLCC</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosNorthernStarMember" xlink:label="nm_NaviosNorthernStarMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosNorthernStarMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosNorthernStarMember" xlink:to="nm_NaviosNorthernStarMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosNorthernStarMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Northern Star</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosPartners2Member" xlink:label="nm_NaviosPartners2Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosPartners2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosPartners2Member" xlink:to="nm_NaviosPartners2Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosPartners2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Partners</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosPartners3Member" xlink:label="nm_NaviosPartners3Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosPartners3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Partners3 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosPartners3Member" xlink:to="nm_NaviosPartners3Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosPartners3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Partners</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosPartners4Member" xlink:label="nm_NaviosPartners4Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosPartners4Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosPartners4Member" xlink:to="nm_NaviosPartners4Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosPartners4Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Partners</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosPartnersAgreementMember" xlink:label="nm_NaviosPartnersAgreementMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosPartnersAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosPartnersAgreementMember" xlink:to="nm_NaviosPartnersAgreementMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosPartnersAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Partners Agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosPartnersGrossProceedsMember" xlink:label="nm_NaviosPartnersGrossProceedsMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosPartnersGrossProceedsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosPartnersGrossProceedsMember" xlink:to="nm_NaviosPartnersGrossProceedsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosPartnersGrossProceedsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Partners gross proceeds</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosPartnersMember" xlink:label="nm_NaviosPartnersMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosPartnersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Partners [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosPartnersMember" xlink:to="nm_NaviosPartnersMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosPartnersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Partners</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosPartnersPrivatePlacementMember" xlink:label="nm_NaviosPartnersPrivatePlacementMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosPartnersPrivatePlacementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosPartnersPrivatePlacementMember" xlink:to="nm_NaviosPartnersPrivatePlacementMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosPartnersPrivatePlacementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Partners Private Placement</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosPartnersRelatedPartyMember" xlink:label="nm_NaviosPartnersRelatedPartyMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosPartnersRelatedPartyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosPartnersRelatedPartyMember" xlink:to="nm_NaviosPartnersRelatedPartyMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosPartnersRelatedPartyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Partners</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosPartnersUnderwritersOptionMember" xlink:label="nm_NaviosPartnersUnderwritersOptionMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosPartnersUnderwritersOptionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosPartnersUnderwritersOptionMember" xlink:to="nm_NaviosPartnersUnderwritersOptionMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosPartnersUnderwritersOptionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Patnrers Public Offering- Underwriters' Option</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosPolluxMember" xlink:label="nm_NaviosPolluxMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosPolluxMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Pollux [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosPolluxMember" xlink:to="nm_NaviosPolluxMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosPolluxMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Pollux</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosProsperityMember" xlink:label="nm_NaviosProsperityMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosProsperityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Prosperity [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosProsperityMember" xlink:to="nm_NaviosProsperityMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosProsperityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Prosperity</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosRayMember" xlink:label="nm_NaviosRayMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosRayMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Ray [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosRayMember" xlink:to="nm_NaviosRayMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosRayMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Ray</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosRevolvingLoans2Member" xlink:label="nm_NaviosRevolvingLoans2Member" xlink:type="locator"/>
    <label xlink:label="nm_NaviosRevolvingLoans2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosRevolvingLoans2Member" xlink:to="nm_NaviosRevolvingLoans2Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosRevolvingLoans2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Revolving Loans II</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosRevolvingLoansMember" xlink:label="nm_NaviosRevolvingLoansMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosRevolvingLoansMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosRevolvingLoansMember" xlink:to="nm_NaviosRevolvingLoansMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosRevolvingLoansMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Revolving Loans I</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosSerenityMember" xlink:label="nm_NaviosSerenityMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosSerenityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Serenity [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosSerenityMember" xlink:to="nm_NaviosSerenityMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosSerenityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Serenity</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosShipmanagementIncMember" xlink:label="nm_NaviosShipmanagementIncMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosShipmanagementIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NaviosShipmanagementIncMember" xlink:to="nm_NaviosShipmanagementIncMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosShipmanagementIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Shipmanagement Inc [Member]</label>
    <label xlink:label="nm_NaviosShipmanagementIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Shipmanagement Inc.</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosSouthAmericanLogisticsIncMember" xlink:label="nm_NaviosSouthAmericanLogisticsIncMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosSouthAmericanLogisticsIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosSouthAmericanLogisticsIncMember" xlink:to="nm_NaviosSouthAmericanLogisticsIncMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosSouthAmericanLogisticsIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Logistics</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosSpheraAndNaviosMarsMember" xlink:label="nm_NaviosSpheraAndNaviosMarsMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosSpheraAndNaviosMarsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosSpheraAndNaviosMarsMember" xlink:to="nm_NaviosSpheraAndNaviosMarsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosSpheraAndNaviosMarsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Sphera and Navios Mars</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosSpheraMember" xlink:label="nm_NaviosSpheraMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosSpheraMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Sphera [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosSpheraMember" xlink:to="nm_NaviosSpheraMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosSpheraMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Sphera</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember" xlink:label="nm_NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember" xlink:to="nm_NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosSunAndNaviosOrbiterAndNaviosSoleilAndNaviosAlegriaAndNaviosHarmonyAndNaviosHyperionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Sun, Navios Orbiter, Navios Soleil, Navios Alegria, Navios Harmony and Navios Hyperion</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosTankersManagementIncMember" xlink:label="nm_NaviosTankersManagementIncMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosTankersManagementIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NaviosTankersManagementIncMember" xlink:to="nm_NaviosTankersManagementIncMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosTankersManagementIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Tankers Management Inc [Member]</label>
    <label xlink:label="nm_NaviosTankersManagementIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Tankers Management Inc.</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosTaurusMember" xlink:label="nm_NaviosTaurusMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosTaurusMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Taurus [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NaviosTaurusMember" xlink:to="nm_NaviosTaurusMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosTaurusMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Taurus</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosTermLoansIIMember" xlink:label="nm_NaviosTermLoansIIMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosTermLoansIIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosTermLoansIIMember" xlink:to="nm_NaviosTermLoansIIMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosTermLoansIIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Term Loans II</label>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosTermLoansMember" xlink:label="nm_NaviosTermLoansMember" xlink:type="locator"/>
    <label xlink:label="nm_NaviosTermLoansMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NaviosTermLoansMember" xlink:to="nm_NaviosTermLoansMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NaviosTermLoansMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Term Loans I</label>
    <loc xlink:href="nm-20161231.xsd#nm_NetBookValueMember" xlink:label="nm_NetBookValueMember" xlink:type="locator"/>
    <label xlink:label="nm_NetBookValueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NetBookValueMember" xlink:to="nm_NetBookValueMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NetBookValueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net Book Value</label>
    <loc xlink:href="nm-20161231.xsd#nm_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest" xlink:label="nm_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest" xlink:type="locator"/>
    <label xlink:label="nm_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest" xlink:to="nm_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Income Including Preferred Stock Dividends Of Subsidiary And Attributable To Noncontrolling Interest</label>
    <label xlink:label="nm_NetIncomeIncludingPreferredStockDividendsOfSubsidiaryAndAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net loss</label>
    <loc xlink:href="nm-20161231.xsd#nm_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:label="nm_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:type="locator"/>
    <label xlink:label="nm_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net Income or Loss Available to Common Stockholders basic and diluted.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:to="nm_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Income Loss Available To Common Stockholders Basic And Diluted</label>
    <label xlink:label="nm_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss available to Navios Holdings common stockholders, basic and diluted</label>
    <label xlink:label="nm_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Loss available to Navios Holdings common stockholders, basic and diluted</label>
    <loc xlink:href="nm-20161231.xsd#nm_NewCapesizeNewPanamaxVesselsMember" xlink:label="nm_NewCapesizeNewPanamaxVesselsMember" xlink:type="locator"/>
    <label xlink:label="nm_NewCapesizeNewPanamaxVesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NewCapesizeNewPanamaxVesselsMember" xlink:to="nm_NewCapesizeNewPanamaxVesselsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NewCapesizeNewPanamaxVesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New Capesize and New Panamax Vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_NewCapesizeVesselMember" xlink:label="nm_NewCapesizeVesselMember" xlink:type="locator"/>
    <label xlink:label="nm_NewCapesizeVesselMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NewCapesizeVesselMember" xlink:to="nm_NewCapesizeVesselMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NewCapesizeVesselMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New Capesize Vessel</label>
    <loc xlink:href="nm-20161231.xsd#nm_NewCharterHireAgreement2Member" xlink:label="nm_NewCharterHireAgreement2Member" xlink:type="locator"/>
    <label xlink:label="nm_NewCharterHireAgreement2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NewCharterHireAgreement2Member" xlink:to="nm_NewCharterHireAgreement2Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NewCharterHireAgreement2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New charter hire agreement 2</label>
    <loc xlink:href="nm-20161231.xsd#nm_NewCharterHireAgreementMember" xlink:label="nm_NewCharterHireAgreementMember" xlink:type="locator"/>
    <label xlink:label="nm_NewCharterHireAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NewCharterHireAgreementMember" xlink:to="nm_NewCharterHireAgreementMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NewCharterHireAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New charter hire agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_NewJuniorLoanIIMember" xlink:label="nm_NewJuniorLoanIIMember" xlink:type="locator"/>
    <label xlink:label="nm_NewJuniorLoanIIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NewJuniorLoanIIMember" xlink:to="nm_NewJuniorLoanIIMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NewJuniorLoanIIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New Junior Loan II</label>
    <loc xlink:href="nm-20161231.xsd#nm_NewJuniorLoanMember" xlink:label="nm_NewJuniorLoanMember" xlink:type="locator"/>
    <label xlink:label="nm_NewJuniorLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NewJuniorLoanMember" xlink:to="nm_NewJuniorLoanMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NewJuniorLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New Junior Loan I</label>
    <loc xlink:href="nm-20161231.xsd#nm_NewPanamaxVesselMember" xlink:label="nm_NewPanamaxVesselMember" xlink:type="locator"/>
    <label xlink:label="nm_NewPanamaxVesselMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NewPanamaxVesselMember" xlink:to="nm_NewPanamaxVesselMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NewPanamaxVesselMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New Panamax Vessel</label>
    <loc xlink:href="nm-20161231.xsd#nm_NewbuildingProgramDryBargesMember" xlink:label="nm_NewbuildingProgramDryBargesMember" xlink:type="locator"/>
    <label xlink:label="nm_NewbuildingProgramDryBargesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NewbuildingProgramDryBargesMember" xlink:to="nm_NewbuildingProgramDryBargesMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NewbuildingProgramDryBargesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">All Newbuilding Dry Barges</label>
    <loc xlink:href="nm-20161231.xsd#nm_NewbuildingVesselsMember" xlink:label="nm_NewbuildingVesselsMember" xlink:type="locator"/>
    <label xlink:label="nm_NewbuildingVesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Newbuilding Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NewbuildingVesselsMember" xlink:to="nm_NewbuildingVesselsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NewbuildingVesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Newbuilding owned vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_NineVesselsMember" xlink:label="nm_NineVesselsMember" xlink:type="locator"/>
    <label xlink:label="nm_NineVesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nine Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NineVesselsMember" xlink:to="nm_NineVesselsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NineVesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nine vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities" xlink:label="nm_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities" xlink:type="locator"/>
    <label xlink:label="nm_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities" xlink:to="nm_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non Cash Or Part Non Cash For Investments In Available For Sale Securities</label>
    <label xlink:label="nm_NonCashOrPartNonCashForInvestmentsInAvailableForSaleSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Investments in available-for-sale securities</label>
    <loc xlink:href="nm-20161231.xsd#nm_NonWhollyOwnedSubsidiaryIndebtednessMember" xlink:label="nm_NonWhollyOwnedSubsidiaryIndebtednessMember" xlink:type="locator"/>
    <label xlink:label="nm_NonWhollyOwnedSubsidiaryIndebtednessMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NonWhollyOwnedSubsidiaryIndebtednessMember" xlink:to="nm_NonWhollyOwnedSubsidiaryIndebtednessMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NonWhollyOwnedSubsidiaryIndebtednessMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-Wholly Owned Subsidiaries' Indebtedness</label>
    <loc xlink:href="nm-20161231.xsd#nm_NostosShipmanagementCorpMember" xlink:label="nm_NostosShipmanagementCorpMember" xlink:type="locator"/>
    <label xlink:label="nm_NostosShipmanagementCorpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NostosShipmanagementCorpMember" xlink:to="nm_NostosShipmanagementCorpMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NostosShipmanagementCorpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nostos Shipmanagement Corp [Member]</label>
    <label xlink:label="nm_NostosShipmanagementCorpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nostos Shipmanagement Corp.</label>
    <loc xlink:href="nm-20161231.xsd#nm_NotesPayableMember" xlink:label="nm_NotesPayableMember" xlink:type="locator"/>
    <label xlink:label="nm_NotesPayableMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes Payable [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NotesPayableMember" xlink:to="nm_NotesPayableMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NotesPayableMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Logistics Notes Payable</label>
    <loc xlink:href="nm-20161231.xsd#nm_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:label="nm_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:type="locator"/>
    <label id="label_NotesPayableRelatedPartiesNoncurrent_3" xlink:label="nm_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NotesPayableRelatedPartiesNoncurrent" 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="nm_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:to="nm_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure_lbl" xlink:type="arc"/>
    <label id="label_NotesPayableRelatedPartiesNoncurrent_2" xlink:label="nm_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesPayableRelatedPartiesNoncurrent" xlink:type="resource" xml:lang="en-US">Loan payable to affiliate company - Fair Value</label>
    <label id="label_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure" xlink:label="nm_NotesPayableRelatedPartiesNoncurrentFairValueDisclosure_lbl" 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>
    <loc xlink:href="nm-20161231.xsd#nm_NovationAgreementDateOfAgreement" xlink:label="nm_NovationAgreementDateOfAgreement" xlink:type="locator"/>
    <label xlink:label="nm_NovationAgreementDateOfAgreement_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NovationAgreementDateOfAgreement" xlink:to="nm_NovationAgreementDateOfAgreement_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NovationAgreementDateOfAgreement_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Novation Agreement Date Of Agreement</label>
    <label xlink:label="nm_NovationAgreementDateOfAgreement_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Date of agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_NovationAgreementMember" xlink:label="nm_NovationAgreementMember" xlink:type="locator"/>
    <label xlink:label="nm_NovationAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Novation Agreement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_NovationAgreementMember" xlink:to="nm_NovationAgreementMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NovationAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Novation agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_NsalOtherLoansMember" xlink:label="nm_NsalOtherLoansMember" xlink:type="locator"/>
    <label xlink:label="nm_NsalOtherLoansMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NsalOtherLoansMember" xlink:to="nm_NsalOtherLoansMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NsalOtherLoansMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other long-term loans</label>
    <label xlink:label="nm_NsalOtherLoansMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Navios Logistics Other Indebtedness</label>
    <loc xlink:href="nm-20161231.xsd#nm_NumberOfCancellatedTranches" xlink:label="nm_NumberOfCancellatedTranches" xlink:type="locator"/>
    <label xlink:label="nm_NumberOfCancellatedTranches_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NumberOfCancellatedTranches" xlink:to="nm_NumberOfCancellatedTranches_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NumberOfCancellatedTranches_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Cancellated Tranches</label>
    <label xlink:label="nm_NumberOfCancellatedTranches_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of the cancellated tranches</label>
    <loc xlink:href="nm-20161231.xsd#nm_NumberOfLoanTranches" xlink:label="nm_NumberOfLoanTranches" xlink:type="locator"/>
    <label xlink:label="nm_NumberOfLoanTranches_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NumberOfLoanTranches" xlink:to="nm_NumberOfLoanTranches_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NumberOfLoanTranches_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Loan Tranches</label>
    <loc xlink:href="nm-20161231.xsd#nm_NumberOfVesselsAcquired" xlink:label="nm_NumberOfVesselsAcquired" xlink:type="locator"/>
    <label xlink:label="nm_NumberOfVesselsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NumberOfVesselsAcquired" xlink:to="nm_NumberOfVesselsAcquired_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NumberOfVesselsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Vessels Acquired</label>
    <label xlink:label="nm_NumberOfVesselsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of vessels acquired</label>
    <label xlink:label="nm_NumberOfVesselsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Number of vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_NumberOfVesselsUnderConstruction" xlink:label="nm_NumberOfVesselsUnderConstruction" xlink:type="locator"/>
    <label xlink:label="nm_NumberOfVesselsUnderConstruction_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_NumberOfVesselsUnderConstruction" xlink:to="nm_NumberOfVesselsUnderConstruction_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NumberOfVesselsUnderConstruction_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Vessels Under Construction</label>
    <label xlink:label="nm_NumberOfVesselsUnderConstruction_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of vessels under construction</label>
    <loc xlink:href="nm-20161231.xsd#nm_NumberVestedSharesMember" xlink:label="nm_NumberVestedSharesMember" xlink:type="locator"/>
    <label xlink:label="nm_NumberVestedSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_NumberVestedSharesMember" xlink:to="nm_NumberVestedSharesMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_NumberVestedSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares</label>
    <loc xlink:href="nm-20161231.xsd#nm_OceanGoingVesselMember" xlink:label="nm_OceanGoingVesselMember" xlink:type="locator"/>
    <label xlink:label="nm_OceanGoingVesselMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_OceanGoingVesselMember" xlink:to="nm_OceanGoingVesselMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_OceanGoingVesselMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ocean-going vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_OffMarketLeaseAmortizationIncomeAfterYearFive" xlink:label="nm_OffMarketLeaseAmortizationIncomeAfterYearFive" xlink:type="locator"/>
    <label xlink:label="nm_OffMarketLeaseAmortizationIncomeAfterYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_OffMarketLeaseAmortizationIncomeAfterYearFive" xlink:to="nm_OffMarketLeaseAmortizationIncomeAfterYearFive_lbl" xlink:type="arc"/>
    <label xlink:label="nm_OffMarketLeaseAmortizationIncomeAfterYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Off Market Lease Amortization Income After Year Five</label>
    <label xlink:label="nm_OffMarketLeaseAmortizationIncomeAfterYearFive_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Thereafter</label>
    <loc xlink:href="nm-20161231.xsd#nm_OffMarketLeaseAmortizationIncomeNextTwelveMonths" xlink:label="nm_OffMarketLeaseAmortizationIncomeNextTwelveMonths" xlink:type="locator"/>
    <label xlink:label="nm_OffMarketLeaseAmortizationIncomeNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_OffMarketLeaseAmortizationIncomeNextTwelveMonths" xlink:to="nm_OffMarketLeaseAmortizationIncomeNextTwelveMonths_lbl" xlink:type="arc"/>
    <label xlink:label="nm_OffMarketLeaseAmortizationIncomeNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Off Market Lease Amortization Income Next Twelve Months</label>
    <label xlink:label="nm_OffMarketLeaseAmortizationIncomeNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Within one year</label>
    <loc xlink:href="nm-20161231.xsd#nm_OffMarketLeaseAmortizationIncomeYearFive" xlink:label="nm_OffMarketLeaseAmortizationIncomeYearFive" xlink:type="locator"/>
    <label xlink:label="nm_OffMarketLeaseAmortizationIncomeYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_OffMarketLeaseAmortizationIncomeYearFive" xlink:to="nm_OffMarketLeaseAmortizationIncomeYearFive_lbl" xlink:type="arc"/>
    <label xlink:label="nm_OffMarketLeaseAmortizationIncomeYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Off Market Lease Amortization Income Year Five</label>
    <label xlink:label="nm_OffMarketLeaseAmortizationIncomeYearFive_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Year Five</label>
    <loc xlink:href="nm-20161231.xsd#nm_OffMarketLeaseAmortizationIncomeYearFour" xlink:label="nm_OffMarketLeaseAmortizationIncomeYearFour" xlink:type="locator"/>
    <label xlink:label="nm_OffMarketLeaseAmortizationIncomeYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_OffMarketLeaseAmortizationIncomeYearFour" xlink:to="nm_OffMarketLeaseAmortizationIncomeYearFour_lbl" xlink:type="arc"/>
    <label xlink:label="nm_OffMarketLeaseAmortizationIncomeYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Off Market Lease Amortization Income Year Four</label>
    <label xlink:label="nm_OffMarketLeaseAmortizationIncomeYearFour_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Year Four</label>
    <loc xlink:href="nm-20161231.xsd#nm_OffMarketLeaseAmortizationIncomeYearThree" xlink:label="nm_OffMarketLeaseAmortizationIncomeYearThree" xlink:type="locator"/>
    <label xlink:label="nm_OffMarketLeaseAmortizationIncomeYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_OffMarketLeaseAmortizationIncomeYearThree" xlink:to="nm_OffMarketLeaseAmortizationIncomeYearThree_lbl" xlink:type="arc"/>
    <label xlink:label="nm_OffMarketLeaseAmortizationIncomeYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Off Market Lease Amortization Income Year Three</label>
    <label xlink:label="nm_OffMarketLeaseAmortizationIncomeYearThree_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Year Three</label>
    <loc xlink:href="nm-20161231.xsd#nm_OffMarketLeaseAmortizationIncomeYearTwo" xlink:label="nm_OffMarketLeaseAmortizationIncomeYearTwo" xlink:type="locator"/>
    <label xlink:label="nm_OffMarketLeaseAmortizationIncomeYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_OffMarketLeaseAmortizationIncomeYearTwo" xlink:to="nm_OffMarketLeaseAmortizationIncomeYearTwo_lbl" xlink:type="arc"/>
    <label xlink:label="nm_OffMarketLeaseAmortizationIncomeYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Off Market Lease Amortization Income Year Two</label>
    <label xlink:label="nm_OffMarketLeaseAmortizationIncomeYearTwo_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Year Two</label>
    <loc xlink:href="nm-20161231.xsd#nm_OffMarketLeaseNet" xlink:label="nm_OffMarketLeaseNet" xlink:type="locator"/>
    <label xlink:label="nm_OffMarketLeaseNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_OffMarketLeaseNet" xlink:to="nm_OffMarketLeaseNet_lbl" xlink:type="arc"/>
    <label xlink:label="nm_OffMarketLeaseNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Off Market Lease Net</label>
    <label xlink:label="nm_OffMarketLeaseNet_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Total amortization</label>
    <loc xlink:href="nm-20161231.xsd#nm_OptionAgreementPercentageInterests" xlink:label="nm_OptionAgreementPercentageInterests" xlink:type="locator"/>
    <label xlink:label="nm_OptionAgreementPercentageInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_OptionAgreementPercentageInterests" xlink:to="nm_OptionAgreementPercentageInterests_lbl" xlink:type="arc"/>
    <label xlink:label="nm_OptionAgreementPercentageInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Option Agreement Percentage Interests</label>
    <label xlink:label="nm_OptionAgreementPercentageInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Option agreement percentage interests</label>
    <loc xlink:href="nm-20161231.xsd#nm_OptionsAbstract" xlink:label="nm_OptionsAbstract" xlink:type="locator"/>
    <label xlink:label="nm_OptionsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Options [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_OptionsAbstract" xlink:to="nm_OptionsAbstract_lbl" xlink:type="arc"/>
    <label xlink:label="nm_OptionsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Options</label>
    <loc xlink:href="nm-20161231.xsd#nm_OptionsIncomeTaxLiabilities" xlink:label="nm_OptionsIncomeTaxLiabilities" xlink:type="locator"/>
    <label xlink:label="nm_OptionsIncomeTaxLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_OptionsIncomeTaxLiabilities" xlink:to="nm_OptionsIncomeTaxLiabilities_lbl" xlink:type="arc"/>
    <label xlink:label="nm_OptionsIncomeTaxLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Options Income Tax Liabilities</label>
    <label xlink:label="nm_OptionsIncomeTaxLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Options to determine income tax liabilities</label>
    <loc xlink:href="nm-20161231.xsd#nm_OtherFixedAssetsTableTextBlock" xlink:label="nm_OtherFixedAssetsTableTextBlock" xlink:type="locator"/>
    <label xlink:label="nm_OtherFixedAssetsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_OtherFixedAssetsTableTextBlock" xlink:to="nm_OtherFixedAssetsTableTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_OtherFixedAssetsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Fixed Assets [Table Text Block]</label>
    <label xlink:label="nm_OtherFixedAssetsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other fixed assets</label>
    <loc xlink:href="nm-20161231.xsd#nm_OtherLongTermAssetsIncludingDeferredCosts" xlink:label="nm_OtherLongTermAssetsIncludingDeferredCosts" xlink:type="locator"/>
    <label xlink:label="nm_OtherLongTermAssetsIncludingDeferredCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_OtherLongTermAssetsIncludingDeferredCosts" xlink:to="nm_OtherLongTermAssetsIncludingDeferredCosts_lbl" xlink:type="arc"/>
    <label xlink:label="nm_OtherLongTermAssetsIncludingDeferredCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other long term assets including deferred costs</label>
    <label xlink:label="nm_OtherLongTermAssetsIncludingDeferredCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other long term assets</label>
    <label xlink:label="nm_OtherLongTermAssetsIncludingDeferredCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other long-term assets</label>
    <loc xlink:href="nm-20161231.xsd#nm_OtherRegionsMember" xlink:label="nm_OtherRegionsMember" xlink:type="locator"/>
    <label xlink:label="nm_OtherRegionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Regions [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_OtherRegionsMember" xlink:to="nm_OtherRegionsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_OtherRegionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</label>
    <loc xlink:href="nm-20161231.xsd#nm_OwnershipPercentageDefaultTriggerThreshold" xlink:label="nm_OwnershipPercentageDefaultTriggerThreshold" xlink:type="locator"/>
    <label xlink:label="nm_OwnershipPercentageDefaultTriggerThreshold_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_OwnershipPercentageDefaultTriggerThreshold" xlink:to="nm_OwnershipPercentageDefaultTriggerThreshold_lbl" xlink:type="arc"/>
    <label xlink:label="nm_OwnershipPercentageDefaultTriggerThreshold_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ownership Percentage Default Trigger Threshold</label>
    <loc xlink:href="nm-20161231.xsd#nm_PanOceanCoLtdMember" xlink:label="nm_PanOceanCoLtdMember" xlink:type="locator"/>
    <label xlink:label="nm_PanOceanCoLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_PanOceanCoLtdMember" xlink:to="nm_PanOceanCoLtdMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PanOceanCoLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pan Ocean Co. Ltd (''STX'')</label>
    <loc xlink:href="nm-20161231.xsd#nm_PanamaxMember" xlink:label="nm_PanamaxMember" xlink:type="locator"/>
    <label xlink:label="nm_PanamaxMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Panamax [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_PanamaxMember" xlink:to="nm_PanamaxMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PanamaxMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Panamax vessel</label>
    <loc xlink:href="nm-20161231.xsd#nm_ParaguayMember" xlink:label="nm_ParaguayMember" xlink:type="locator"/>
    <label xlink:label="nm_ParaguayMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Paraguay [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_ParaguayMember" xlink:to="nm_ParaguayMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ParaguayMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Paraguay</label>
    <loc xlink:href="nm-20161231.xsd#nm_PensionAndOtherPostretirementPlansMember" xlink:label="nm_PensionAndOtherPostretirementPlansMember" xlink:type="locator"/>
    <label xlink:label="nm_PensionAndOtherPostretirementPlansMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_PensionAndOtherPostretirementPlansMember" xlink:to="nm_PensionAndOtherPostretirementPlansMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PensionAndOtherPostretirementPlansMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock-Based Compensation</label>
    <loc xlink:href="nm-20161231.xsd#nm_PercentageForCalculationOfMakeWholePrice" xlink:label="nm_PercentageForCalculationOfMakeWholePrice" xlink:type="locator"/>
    <label xlink:label="nm_PercentageForCalculationOfMakeWholePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_PercentageForCalculationOfMakeWholePrice" xlink:to="nm_PercentageForCalculationOfMakeWholePrice_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PercentageForCalculationOfMakeWholePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage For Calculation Of Make Whole Price</label>
    <label xlink:label="nm_PercentageForCalculationOfMakeWholePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage used for the calculation of a make whole price</label>
    <loc xlink:href="nm-20161231.xsd#nm_PercentageOfPreferredStockConverted" xlink:label="nm_PercentageOfPreferredStockConverted" xlink:type="locator"/>
    <label xlink:label="nm_PercentageOfPreferredStockConverted_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_PercentageOfPreferredStockConverted" xlink:to="nm_PercentageOfPreferredStockConverted_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PercentageOfPreferredStockConverted_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Preferred Stock Converted</label>
    <label xlink:label="nm_PercentageOfPreferredStockConverted_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of preferred stock converted</label>
    <loc xlink:href="nm-20161231.xsd#nm_PerformanceConditionMember" xlink:label="nm_PerformanceConditionMember" xlink:type="locator"/>
    <label xlink:label="nm_PerformanceConditionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Performance Condition [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_PerformanceConditionMember" xlink:to="nm_PerformanceConditionMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PerformanceConditionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performance Conditions</label>
    <loc xlink:href="nm-20161231.xsd#nm_PeriodReviewSpecialCostsAssets" xlink:label="nm_PeriodReviewSpecialCostsAssets" xlink:type="locator"/>
    <label xlink:label="nm_PeriodReviewSpecialCostsAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_PeriodReviewSpecialCostsAssets" xlink:to="nm_PeriodReviewSpecialCostsAssets_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PeriodReviewSpecialCostsAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Period Of Review Of Special Costs Of Assets</label>
    <label xlink:label="nm_PeriodReviewSpecialCostsAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Period of review of special costs of assets</label>
    <loc xlink:href="nm-20161231.xsd#nm_PharosNavigationSaMember" xlink:label="nm_PharosNavigationSaMember" xlink:type="locator"/>
    <label xlink:label="nm_PharosNavigationSaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_PharosNavigationSaMember" xlink:to="nm_PharosNavigationSaMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PharosNavigationSaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pharos Navigation Sa [Member]</label>
    <label xlink:label="nm_PharosNavigationSaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pharos Navigation S.A.</label>
    <loc xlink:href="nm-20161231.xsd#nm_PoolingArrangementsMember" xlink:label="nm_PoolingArrangementsMember" xlink:type="locator"/>
    <label xlink:label="nm_PoolingArrangementsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pooling Arrangements [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_PoolingArrangementsMember" xlink:to="nm_PoolingArrangementsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PoolingArrangementsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pooling arrangements</label>
    <loc xlink:href="nm-20161231.xsd#nm_PortFacilitiesAndTransferStationMember" xlink:label="nm_PortFacilitiesAndTransferStationMember" xlink:type="locator"/>
    <label xlink:label="nm_PortFacilitiesAndTransferStationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_PortFacilitiesAndTransferStationMember" xlink:to="nm_PortFacilitiesAndTransferStationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PortFacilitiesAndTransferStationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Port facilities and transfer station</label>
    <label xlink:label="nm_PortFacilitiesAndTransferStationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Port Terminals (Navios Logistics)</label>
    <loc xlink:href="nm-20161231.xsd#nm_PortFacilitiesTransferStationMember" xlink:label="nm_PortFacilitiesTransferStationMember" xlink:type="locator"/>
    <label xlink:label="nm_PortFacilitiesTransferStationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_PortFacilitiesTransferStationMember" xlink:to="nm_PortFacilitiesTransferStationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PortFacilitiesTransferStationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Port terminals</label>
    <loc xlink:href="nm-20161231.xsd#nm_PortTerminalsTableTextBlock" xlink:label="nm_PortTerminalsTableTextBlock" xlink:type="locator"/>
    <label xlink:label="nm_PortTerminalsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_PortTerminalsTableTextBlock" xlink:to="nm_PortTerminalsTableTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PortTerminalsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Port Terminals [Table Text Block]</label>
    <label xlink:label="nm_PortTerminalsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Port Terminals</label>
    <loc xlink:href="nm-20161231.xsd#nm_PortorosaMarineCorpMember" xlink:label="nm_PortorosaMarineCorpMember" xlink:type="locator"/>
    <label xlink:label="nm_PortorosaMarineCorpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_PortorosaMarineCorpMember" xlink:to="nm_PortorosaMarineCorpMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PortorosaMarineCorpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Portorosa Marine Corp [Member]</label>
    <label xlink:label="nm_PortorosaMarineCorpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Portorosa Marine Corp.</label>
    <loc xlink:href="nm-20161231.xsd#nm_PreferredDistributionPercentage" xlink:label="nm_PreferredDistributionPercentage" xlink:type="locator"/>
    <label xlink:label="nm_PreferredDistributionPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_PreferredDistributionPercentage" xlink:to="nm_PreferredDistributionPercentage_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PreferredDistributionPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Distribution Percentage</label>
    <loc xlink:href="nm-20161231.xsd#nm_PreferredStockRedemptionPeriodOne2Member" xlink:label="nm_PreferredStockRedemptionPeriodOne2Member" xlink:type="locator"/>
    <label xlink:label="nm_PreferredStockRedemptionPeriodOne2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_PreferredStockRedemptionPeriodOne2Member" xlink:to="nm_PreferredStockRedemptionPeriodOne2Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PreferredStockRedemptionPeriodOne2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">At any time on or after July 8, 2019</label>
    <loc xlink:href="nm-20161231.xsd#nm_PreferredStockRedemptionPeriodOneMember" xlink:label="nm_PreferredStockRedemptionPeriodOneMember" xlink:type="locator"/>
    <label xlink:label="nm_PreferredStockRedemptionPeriodOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_PreferredStockRedemptionPeriodOneMember" xlink:to="nm_PreferredStockRedemptionPeriodOneMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PreferredStockRedemptionPeriodOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">At any time on or after January 28, 2019</label>
    <loc xlink:href="nm-20161231.xsd#nm_PrepaidExpensesForWorkingCapitalPurposes" xlink:label="nm_PrepaidExpensesForWorkingCapitalPurposes" xlink:type="locator"/>
    <label xlink:label="nm_PrepaidExpensesForWorkingCapitalPurposes_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_PrepaidExpensesForWorkingCapitalPurposes" xlink:to="nm_PrepaidExpensesForWorkingCapitalPurposes_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PrepaidExpensesForWorkingCapitalPurposes_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prepaid Expenses For Working Capital Purposes</label>
    <label xlink:label="nm_PrepaidExpensesForWorkingCapitalPurposes_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances for working capital purposes</label>
    <loc xlink:href="nm-20161231.xsd#nm_PrepaidExpensesOtherCurrentAssetsIncludingInvetories" xlink:label="nm_PrepaidExpensesOtherCurrentAssetsIncludingInvetories" xlink:type="locator"/>
    <label xlink:label="nm_PrepaidExpensesOtherCurrentAssetsIncludingInvetories_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_PrepaidExpensesOtherCurrentAssetsIncludingInvetories" xlink:to="nm_PrepaidExpensesOtherCurrentAssetsIncludingInvetories_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PrepaidExpensesOtherCurrentAssetsIncludingInvetories_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prepaid expenses and other current assets including invetories</label>
    <label xlink:label="nm_PrepaidExpensesOtherCurrentAssetsIncludingInvetories_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Prepaid expenses and other current assets</label>
    <loc xlink:href="nm-20161231.xsd#nm_PrimaveraShippingCorporationMember" xlink:label="nm_PrimaveraShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_PrimaveraShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_PrimaveraShippingCorporationMember" xlink:to="nm_PrimaveraShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PrimaveraShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Primavera Shipping Corporation [Member]</label>
    <label xlink:label="nm_PrimaveraShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Primavera Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_ProceedsFromLongTermLoansNetFinanceCosts" xlink:label="nm_ProceedsFromLongTermLoansNetFinanceCosts" xlink:type="locator"/>
    <label xlink:label="nm_ProceedsFromLongTermLoansNetFinanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ProceedsFromLongTermLoansNetFinanceCosts" xlink:to="nm_ProceedsFromLongTermLoansNetFinanceCosts_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ProceedsFromLongTermLoansNetFinanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Long Term Loans Net Finance Costs</label>
    <label xlink:label="nm_ProceedsFromLongTermLoansNetFinanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from long-term loans, net of debt issuance costs</label>
    <loc xlink:href="nm-20161231.xsd#nm_ProfitSharingArrangementTextBlock" xlink:label="nm_ProfitSharingArrangementTextBlock" xlink:type="locator"/>
    <label xlink:label="nm_ProfitSharingArrangementTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ProfitSharingArrangementTextBlock" xlink:to="nm_ProfitSharingArrangementTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ProfitSharingArrangementTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit Sharing Arrangement [Text Block]</label>
    <label xlink:label="nm_ProfitSharingArrangementTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit Sharing Arrangement</label>
    <loc xlink:href="nm-20161231.xsd#nm_ProfitSharingPercentageAllocationBasedOnEarnings" xlink:label="nm_ProfitSharingPercentageAllocationBasedOnEarnings" xlink:type="locator"/>
    <label xlink:label="nm_ProfitSharingPercentageAllocationBasedOnEarnings_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ProfitSharingPercentageAllocationBasedOnEarnings" xlink:to="nm_ProfitSharingPercentageAllocationBasedOnEarnings_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ProfitSharingPercentageAllocationBasedOnEarnings_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit Sharing Percentage Allocation Based On Earnings</label>
    <label xlink:label="nm_ProfitSharingPercentageAllocationBasedOnEarnings_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit sharing, Percentage allocation based on earnings</label>
    <loc xlink:href="nm-20161231.xsd#nm_PropertyPlantEquipmentWriteOffDepreciation" xlink:label="nm_PropertyPlantEquipmentWriteOffDepreciation" xlink:type="locator"/>
    <label xlink:label="nm_PropertyPlantEquipmentWriteOffDepreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_PropertyPlantEquipmentWriteOffDepreciation" xlink:to="nm_PropertyPlantEquipmentWriteOffDepreciation_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PropertyPlantEquipmentWriteOffDepreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property Plant Equipment Write Off Depreciation</label>
    <label xlink:label="nm_PropertyPlantEquipmentWriteOffDepreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Write-off</label>
    <loc xlink:href="nm-20161231.xsd#nm_ProvisionForDoubtfulAccountsGross" xlink:label="nm_ProvisionForDoubtfulAccountsGross" xlink:type="locator"/>
    <label xlink:label="nm_ProvisionForDoubtfulAccountsGross_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ProvisionForDoubtfulAccountsGross" xlink:to="nm_ProvisionForDoubtfulAccountsGross_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ProvisionForDoubtfulAccountsGross_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision For Doubtful Accounts Gross</label>
    <label xlink:label="nm_ProvisionForDoubtfulAccountsGross_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Charges to Costs and Expenses</label>
    <loc xlink:href="nm-20161231.xsd#nm_PuebloHoldingsLtdMember" xlink:label="nm_PuebloHoldingsLtdMember" xlink:type="locator"/>
    <label xlink:label="nm_PuebloHoldingsLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_PuebloHoldingsLtdMember" xlink:to="nm_PuebloHoldingsLtdMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PuebloHoldingsLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pueblo Holdings Ltd [Member]</label>
    <label xlink:label="nm_PuebloHoldingsLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pueblo Holdings Ltd.</label>
    <loc xlink:href="nm-20161231.xsd#nm_PushBoatsAndBargesMember" xlink:label="nm_PushBoatsAndBargesMember" xlink:type="locator"/>
    <label xlink:label="nm_PushBoatsAndBargesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_PushBoatsAndBargesMember" xlink:to="nm_PushBoatsAndBargesMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_PushBoatsAndBargesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Push boats and barges</label>
    <loc xlink:href="nm-20161231.xsd#nm_QuenaShipmanagementIncMember" xlink:label="nm_QuenaShipmanagementIncMember" xlink:type="locator"/>
    <label xlink:label="nm_QuenaShipmanagementIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_QuenaShipmanagementIncMember" xlink:to="nm_QuenaShipmanagementIncMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_QuenaShipmanagementIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Quena Shipmanagement Inc [Member]</label>
    <label xlink:label="nm_QuenaShipmanagementIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Quena Shipmanagement Inc.</label>
    <loc xlink:href="nm-20161231.xsd#nm_RawlinServicesCoMember" xlink:label="nm_RawlinServicesCoMember" xlink:type="locator"/>
    <label xlink:label="nm_RawlinServicesCoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_RawlinServicesCoMember" xlink:to="nm_RawlinServicesCoMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RawlinServicesCoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rawlin Services Co [Member]</label>
    <label xlink:label="nm_RawlinServicesCoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rawlin Services Company</label>
    <loc xlink:href="nm-20161231.xsd#nm_ReclassificationMember" xlink:label="nm_ReclassificationMember" xlink:type="locator"/>
    <label xlink:label="nm_ReclassificationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reclassification [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_ReclassificationMember" xlink:to="nm_ReclassificationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ReclassificationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reclassification</label>
    <loc xlink:href="nm-20161231.xsd#nm_RedRoseShippingCorpMember" xlink:label="nm_RedRoseShippingCorpMember" xlink:type="locator"/>
    <label xlink:label="nm_RedRoseShippingCorpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_RedRoseShippingCorpMember" xlink:to="nm_RedRoseShippingCorpMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RedRoseShippingCorpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Red Rose Shipping Corp [Member]</label>
    <label xlink:label="nm_RedRoseShippingCorpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Red Rose Shipping Corp.</label>
    <loc xlink:href="nm-20161231.xsd#nm_RedeemablePreferredStockDividendsAddBack" xlink:label="nm_RedeemablePreferredStockDividendsAddBack" xlink:type="locator"/>
    <label xlink:label="nm_RedeemablePreferredStockDividendsAddBack_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_RedeemablePreferredStockDividendsAddBack" xlink:to="nm_RedeemablePreferredStockDividendsAddBack_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RedeemablePreferredStockDividendsAddBack_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Redeemable Preferred Stock Dividends Add Back</label>
    <label xlink:label="nm_RedeemablePreferredStockDividendsAddBack_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividend on Preferred Stock and on unvested restricted shares</label>
    <loc xlink:href="nm-20161231.xsd#nm_RedemptionUsingNetProceedsOfEquityOfferingMember" xlink:label="nm_RedemptionUsingNetProceedsOfEquityOfferingMember" xlink:type="locator"/>
    <label xlink:label="nm_RedemptionUsingNetProceedsOfEquityOfferingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_RedemptionUsingNetProceedsOfEquityOfferingMember" xlink:to="nm_RedemptionUsingNetProceedsOfEquityOfferingMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RedemptionUsingNetProceedsOfEquityOfferingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Redemption using net proceeds of equity offering</label>
    <loc xlink:href="nm-20161231.xsd#nm_ReimbursementPeriodForAllActualOperatingCostsExpenses" xlink:label="nm_ReimbursementPeriodForAllActualOperatingCostsExpenses" xlink:type="locator"/>
    <label xlink:label="nm_ReimbursementPeriodForAllActualOperatingCostsExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ReimbursementPeriodForAllActualOperatingCostsExpenses" xlink:to="nm_ReimbursementPeriodForAllActualOperatingCostsExpenses_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ReimbursementPeriodForAllActualOperatingCostsExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reimbursement Period For All Actual Operating Costs Expenses</label>
    <label xlink:label="nm_ReimbursementPeriodForAllActualOperatingCostsExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Terms of reimbursement of fees and expenses under the management agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_RelatedPartyTerminationTransactionDate" xlink:label="nm_RelatedPartyTerminationTransactionDate" xlink:type="locator"/>
    <label xlink:label="nm_RelatedPartyTerminationTransactionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_RelatedPartyTerminationTransactionDate" xlink:to="nm_RelatedPartyTerminationTransactionDate_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RelatedPartyTerminationTransactionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party Termination Transaction Date</label>
    <label xlink:label="nm_RelatedPartyTerminationTransactionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Termination date of the administrative services agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_RemainingNonControllingInterestPercentageAcquired" xlink:label="nm_RemainingNonControllingInterestPercentageAcquired" xlink:type="locator"/>
    <label xlink:label="nm_RemainingNonControllingInterestPercentageAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_RemainingNonControllingInterestPercentageAcquired" xlink:to="nm_RemainingNonControllingInterestPercentageAcquired_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RemainingNonControllingInterestPercentageAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Remaining Non Controlling Interest Percentage Acquired</label>
    <label xlink:label="nm_RemainingNonControllingInterestPercentageAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Remaining non controlling interest percentage acquired</label>
    <loc xlink:href="nm-20161231.xsd#nm_RepaymentsOfDebtExcludingFutureInstallments" xlink:label="nm_RepaymentsOfDebtExcludingFutureInstallments" xlink:type="locator"/>
    <label xlink:label="nm_RepaymentsOfDebtExcludingFutureInstallments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_RepaymentsOfDebtExcludingFutureInstallments" xlink:to="nm_RepaymentsOfDebtExcludingFutureInstallments_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RepaymentsOfDebtExcludingFutureInstallments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments Of Debt Excluding Future Installments</label>
    <label xlink:label="nm_RepaymentsOfDebtExcludingFutureInstallments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payments related to installments for the current year</label>
    <loc xlink:href="nm-20161231.xsd#nm_RepaymentsOfDebtOfFutureBalloonPayments" xlink:label="nm_RepaymentsOfDebtOfFutureBalloonPayments" xlink:type="locator"/>
    <label xlink:label="nm_RepaymentsOfDebtOfFutureBalloonPayments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_RepaymentsOfDebtOfFutureBalloonPayments" xlink:to="nm_RepaymentsOfDebtOfFutureBalloonPayments_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RepaymentsOfDebtOfFutureBalloonPayments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments Of Debt Of Future Balloon Payments</label>
    <label xlink:label="nm_RepaymentsOfDebtOfFutureBalloonPayments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Early payment of a balloon payment</label>
    <loc xlink:href="nm-20161231.xsd#nm_RepaymentsOfDebtOfFutureInstallments" xlink:label="nm_RepaymentsOfDebtOfFutureInstallments" xlink:type="locator"/>
    <label xlink:label="nm_RepaymentsOfDebtOfFutureInstallments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_RepaymentsOfDebtOfFutureInstallments" xlink:to="nm_RepaymentsOfDebtOfFutureInstallments_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RepaymentsOfDebtOfFutureInstallments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments Of Debt Of Future Installments</label>
    <label xlink:label="nm_RepaymentsOfDebtOfFutureInstallments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payments related to installments for the next year</label>
    <loc xlink:href="nm-20161231.xsd#nm_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsDomain" xlink:label="nm_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsDomain" xlink:type="locator"/>
    <label xlink:label="nm_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsDomain" xlink:to="nm_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.xsd#nm_RestrictedCashCashEquivalentsFairValueDisclosure" xlink:label="nm_RestrictedCashCashEquivalentsFairValueDisclosure" xlink:type="locator"/>
    <label xlink:label="nm_RestrictedCashCashEquivalentsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_RestrictedCashCashEquivalentsFairValueDisclosure" xlink:to="nm_RestrictedCashCashEquivalentsFairValueDisclosure_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RestrictedCashCashEquivalentsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Cash Cash Equivalents Fair Value Disclosure</label>
    <label xlink:label="nm_RestrictedCashCashEquivalentsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash</label>
    <label xlink:label="nm_RestrictedCashCashEquivalentsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash - Fair Value</label>
    <loc xlink:href="nm-20161231.xsd#nm_RestrictedStockRestrictedStockUnitsAbstract" xlink:label="nm_RestrictedStockRestrictedStockUnitsAbstract" xlink:type="locator"/>
    <label xlink:label="nm_RestrictedStockRestrictedStockUnitsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_RestrictedStockRestrictedStockUnitsAbstract" xlink:to="nm_RestrictedStockRestrictedStockUnitsAbstract_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RestrictedStockRestrictedStockUnitsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted stock and restricted stock units</label>
    <loc xlink:href="nm-20161231.xsd#nm_RestrictedStockUnitsNumber" xlink:label="nm_RestrictedStockUnitsNumber" xlink:type="locator"/>
    <label xlink:label="nm_RestrictedStockUnitsNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_RestrictedStockUnitsNumber" xlink:to="nm_RestrictedStockUnitsNumber_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RestrictedStockUnitsNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Stock Units Number</label>
    <label xlink:label="nm_RestrictedStockUnitsNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of restricted stock units issued to employees</label>
    <loc xlink:href="nm-20161231.xsd#nm_RestructureCapitalLeaseFixedAssets" xlink:label="nm_RestructureCapitalLeaseFixedAssets" xlink:type="locator"/>
    <label xlink:label="nm_RestructureCapitalLeaseFixedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_RestructureCapitalLeaseFixedAssets" xlink:to="nm_RestructureCapitalLeaseFixedAssets_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RestructureCapitalLeaseFixedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restructure Capital Lease Fixed Assets</label>
    <label xlink:label="nm_RestructureCapitalLeaseFixedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restructure of capital lease</label>
    <loc xlink:href="nm-20161231.xsd#nm_RetentionAccountsMember" xlink:label="nm_RetentionAccountsMember" xlink:type="locator"/>
    <label xlink:label="nm_RetentionAccountsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_RetentionAccountsMember" xlink:to="nm_RetentionAccountsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RetentionAccountsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retention accounts [Member]</label>
    <label xlink:label="nm_RetentionAccountsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retention Accounts</label>
    <loc xlink:href="nm-20161231.xsd#nm_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:label="nm_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:type="locator"/>
    <label xlink:label="nm_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation" xlink:to="nm_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revaluation Of Vessels Due To Restructuring Of Capital Lease Obligation</label>
    <label xlink:label="nm_RevaluationOfVesselsDueToRestructuringOfCapitalLeaseObligation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revaluation of vessels due to restructuring of capital lease obligations</label>
    <loc xlink:href="nm-20161231.xsd#nm_RevenuesNetExpensesPoolingArrangements" xlink:label="nm_RevenuesNetExpensesPoolingArrangements" xlink:type="locator"/>
    <label xlink:label="nm_RevenuesNetExpensesPoolingArrangements_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_RevenuesNetExpensesPoolingArrangements" xlink:to="nm_RevenuesNetExpensesPoolingArrangements_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RevenuesNetExpensesPoolingArrangements_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenues Net Expenses Pooling Arrangements</label>
    <label xlink:label="nm_RevenuesNetExpensesPoolingArrangements_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue for vessels operating in pooling arrangements, net of expenses</label>
    <loc xlink:href="nm-20161231.xsd#nm_RevolverFacilityHshNordbankCommerzbankMember" xlink:label="nm_RevolverFacilityHshNordbankCommerzbankMember" xlink:type="locator"/>
    <label xlink:label="nm_RevolverFacilityHshNordbankCommerzbankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_RevolverFacilityHshNordbankCommerzbankMember" xlink:to="nm_RevolverFacilityHshNordbankCommerzbankMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RevolverFacilityHshNordbankCommerzbankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revolver Facility HSH Nordbank and Commerzbank A.G.</label>
    <loc xlink:href="nm-20161231.xsd#nm_RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:label="nm_RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:type="locator"/>
    <label xlink:label="nm_RevolvingCreditFacilityMaximumBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_RevolvingCreditFacilityMaximumBorrowingCapacity" xlink:to="nm_RevolvingCreditFacilityMaximumBorrowingCapacity_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RevolvingCreditFacilityMaximumBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revolving Credit Facility Maximum Borrowing Capacity</label>
    <label xlink:label="nm_RevolvingCreditFacilityMaximumBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revolving loan facility maximum borrowing capacity</label>
    <label xlink:label="nm_RevolvingCreditFacilityMaximumBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Revolving loan facility to fund working capital requirements, outstanding</label>
    <loc xlink:href="nm-20161231.xsd#nm_RheiaAssociatesCoMember" xlink:label="nm_RheiaAssociatesCoMember" xlink:type="locator"/>
    <label xlink:label="nm_RheiaAssociatesCoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_RheiaAssociatesCoMember" xlink:to="nm_RheiaAssociatesCoMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RheiaAssociatesCoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rheia Associates Co [Member]</label>
    <label xlink:label="nm_RheiaAssociatesCoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rheia Associates Co.</label>
    <loc xlink:href="nm-20161231.xsd#nm_RoseliteShippingCorporationMember" xlink:label="nm_RoseliteShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_RoseliteShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_RoseliteShippingCorporationMember" xlink:to="nm_RoseliteShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RoseliteShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Roselite Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_RowboatMarineIncMember" xlink:label="nm_RowboatMarineIncMember" xlink:type="locator"/>
    <label xlink:label="nm_RowboatMarineIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_RowboatMarineIncMember" xlink:to="nm_RowboatMarineIncMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RowboatMarineIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rowboat Marine Inc [Member]</label>
    <label xlink:label="nm_RowboatMarineIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rowboat Marine Inc.</label>
    <loc xlink:href="nm-20161231.xsd#nm_RumerHoldingLtdMember" xlink:label="nm_RumerHoldingLtdMember" xlink:type="locator"/>
    <label xlink:label="nm_RumerHoldingLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_RumerHoldingLtdMember" xlink:to="nm_RumerHoldingLtdMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_RumerHoldingLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rumer Holding Ltd [Member]</label>
    <label xlink:label="nm_RumerHoldingLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rumer Holding Ltd.</label>
    <loc xlink:href="nm-20161231.xsd#nm_SaleStockCorrespondingDescription" xlink:label="nm_SaleStockCorrespondingDescription" xlink:type="locator"/>
    <label xlink:label="nm_SaleStockCorrespondingDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_SaleStockCorrespondingDescription" xlink:to="nm_SaleStockCorrespondingDescription_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SaleStockCorrespondingDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale Of Stock Corresponding Description</label>
    <label xlink:label="nm_SaleStockCorrespondingDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of American Depositary Shares</label>
    <loc xlink:href="nm-20161231.xsd#nm_SanSanHMember" xlink:label="nm_SanSanHMember" xlink:type="locator"/>
    <label xlink:label="nm_SanSanHMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_SanSanHMember" xlink:to="nm_SanSanHMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SanSanHMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">San San H</label>
    <loc xlink:href="nm-20161231.xsd#nm_ScrapValueVesselsPerLwt" xlink:label="nm_ScrapValueVesselsPerLwt" xlink:type="locator"/>
    <label xlink:label="nm_ScrapValueVesselsPerLwt_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ScrapValueVesselsPerLwt" xlink:to="nm_ScrapValueVesselsPerLwt_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ScrapValueVesselsPerLwt_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scrap Value Of Vessels Per Lwt</label>
    <label xlink:label="nm_ScrapValueVesselsPerLwt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Scrap value of vessels per LWT</label>
    <loc xlink:href="nm-20161231.xsd#nm_Second-handBunkerVesselMember" xlink:label="nm_Second-handBunkerVesselMember" xlink:type="locator"/>
    <label xlink:label="nm_Second-handBunkerVesselMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_Second-handBunkerVesselMember" xlink:to="nm_Second-handBunkerVesselMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_Second-handBunkerVesselMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Second-hand Bunker Vessel</label>
    <loc xlink:href="nm-20161231.xsd#nm_SecondYearCharterHireAgreementMember" xlink:label="nm_SecondYearCharterHireAgreementMember" xlink:type="locator"/>
    <label xlink:label="nm_SecondYearCharterHireAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_SecondYearCharterHireAgreementMember" xlink:to="nm_SecondYearCharterHireAgreementMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SecondYearCharterHireAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Second year charter hire agreement</label>
    <loc xlink:href="nm-20161231.xsd#nm_SeniorLoan2Member" xlink:label="nm_SeniorLoan2Member" xlink:type="locator"/>
    <label xlink:label="nm_SeniorLoan2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_SeniorLoan2Member" xlink:to="nm_SeniorLoan2Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SeniorLoan2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior Loan $131.550</label>
    <loc xlink:href="nm-20161231.xsd#nm_SeniorLoanIIMember" xlink:label="nm_SeniorLoanIIMember" xlink:type="locator"/>
    <label xlink:label="nm_SeniorLoanIIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_SeniorLoanIIMember" xlink:to="nm_SeniorLoanIIMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SeniorLoanIIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior Loan $87,000</label>
    <loc xlink:href="nm-20161231.xsd#nm_SeniorLoanMember" xlink:label="nm_SeniorLoanMember" xlink:type="locator"/>
    <label xlink:label="nm_SeniorLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Loan [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_SeniorLoanMember" xlink:to="nm_SeniorLoanMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SeniorLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior Loan $117,753</label>
    <loc xlink:href="nm-20161231.xsd#nm_SeniorLongTermNotesFairValueDisclosure" xlink:label="nm_SeniorLongTermNotesFairValueDisclosure" xlink:type="locator"/>
    <label xlink:label="nm_SeniorLongTermNotesFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_SeniorLongTermNotesFairValueDisclosure" xlink:to="nm_SeniorLongTermNotesFairValueDisclosure_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SeniorLongTermNotesFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Long Term Notes Fair Value Disclosure</label>
    <label xlink:label="nm_SeniorLongTermNotesFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior and ship mortgage notes</label>
    <label xlink:label="nm_SeniorLongTermNotesFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Senior and ship mortgage notes, net - Fair Value</label>
    <loc xlink:href="nm-20161231.xsd#nm_SeniorNotes2022Member" xlink:label="nm_SeniorNotes2022Member" xlink:type="locator"/>
    <label xlink:label="nm_SeniorNotes2022Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_SeniorNotes2022Member" xlink:to="nm_SeniorNotes2022Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SeniorNotes2022Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2022 Logistics Senior Notes</label>
    <loc xlink:href="nm-20161231.xsd#nm_SeniorNotes2Member" xlink:label="nm_SeniorNotes2Member" xlink:type="locator"/>
    <label xlink:label="nm_SeniorNotes2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Notes2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_SeniorNotes2Member" xlink:to="nm_SeniorNotes2Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SeniorNotes2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2019 Senior notes</label>
    <loc xlink:href="nm-20161231.xsd#nm_SerenityShippingMember" xlink:label="nm_SerenityShippingMember" xlink:type="locator"/>
    <label xlink:label="nm_SerenityShippingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_SerenityShippingMember" xlink:to="nm_SerenityShippingMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SerenityShippingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Serenity Shipping [Member]</label>
    <label xlink:label="nm_SerenityShippingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Serenity Shipping Enterprises Inc.</label>
    <loc xlink:href="nm-20161231.xsd#nm_SeriesGMember" xlink:label="nm_SeriesGMember" xlink:type="locator"/>
    <label xlink:label="nm_SeriesGMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Series G [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_SeriesGMember" xlink:to="nm_SeriesGMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SeriesGMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Series G</label>
    <loc xlink:href="nm-20161231.xsd#nm_SeriesHMember" xlink:label="nm_SeriesHMember" xlink:type="locator"/>
    <label xlink:label="nm_SeriesHMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Series H [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_SeriesHMember" xlink:to="nm_SeriesHMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SeriesHMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Series H</label>
    <loc xlink:href="nm-20161231.xsd#nm_ServiceConditionsMember" xlink:label="nm_ServiceConditionsMember" xlink:type="locator"/>
    <label xlink:label="nm_ServiceConditionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Service Conditions [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_ServiceConditionsMember" xlink:to="nm_ServiceConditionsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ServiceConditionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Service Conditions</label>
    <loc xlink:href="nm-20161231.xsd#nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue" xlink:label="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue" xlink:type="locator"/>
    <label xlink:label="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue" xlink:to="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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>
    <label xlink:label="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodTotalFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forfeited or expired, value</label>
    <loc xlink:href="nm-20161231.xsd#nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue" xlink:label="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue" xlink:type="locator"/>
    <label xlink:label="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue" xlink:to="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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>
    <label xlink:label="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodTotalFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Granted, value</label>
    <loc xlink:href="nm-20161231.xsd#nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue" xlink:label="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue" xlink:type="locator"/>
    <label xlink:label="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue" xlink:to="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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>
    <label xlink:label="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonVestedInPeriodTotalFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non vested, value</label>
    <loc xlink:href="nm-20161231.xsd#nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue" xlink:label="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue" xlink:type="locator"/>
    <label xlink:label="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue" xlink:to="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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>
    <label xlink:label="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedOrExpiredInPeriodTotalIntrinsicValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forfeited or expired, value</label>
    <loc xlink:href="nm-20161231.xsd#nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue" xlink:label="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue" xlink:type="locator"/>
    <label xlink:label="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue" xlink:to="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Period Total Intrinsic Value</label>
    <label xlink:label="nm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Granted, value</label>
    <loc xlink:href="nm-20161231.xsd#nm_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:label="nm_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:type="locator"/>
    <label xlink:label="nm_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations" xlink:to="nm_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures Or Expirations</label>
    <label xlink:label="nm_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forfeited or expired, shares</label>
    <label xlink:label="nm_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresOrExpirations_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Expired</label>
    <loc xlink:href="nm-20161231.xsd#nm_SharePurchaseAgreementNaviosPartnersMember" xlink:label="nm_SharePurchaseAgreementNaviosPartnersMember" xlink:type="locator"/>
    <label xlink:label="nm_SharePurchaseAgreementNaviosPartnersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_SharePurchaseAgreementNaviosPartnersMember" xlink:to="nm_SharePurchaseAgreementNaviosPartnersMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SharePurchaseAgreementNaviosPartnersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share purchase agreement with Navios Partners</label>
    <loc xlink:href="nm-20161231.xsd#nm_ShareRepurchaseProgramMember" xlink:label="nm_ShareRepurchaseProgramMember" xlink:type="locator"/>
    <label xlink:label="nm_ShareRepurchaseProgramMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ShareRepurchaseProgramMember" xlink:to="nm_ShareRepurchaseProgramMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ShareRepurchaseProgramMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share Repurchase Program</label>
    <loc xlink:href="nm-20161231.xsd#nm_ShikharVenturesSaMember" xlink:label="nm_ShikharVenturesSaMember" xlink:type="locator"/>
    <label xlink:label="nm_ShikharVenturesSaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_ShikharVenturesSaMember" xlink:to="nm_ShikharVenturesSaMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ShikharVenturesSaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shikhar Ventures Sa [Member]</label>
    <label xlink:label="nm_ShikharVenturesSaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shikhar Ventures S.A.</label>
    <loc xlink:href="nm-20161231.xsd#nm_ShipMortgageSeniorNotesMember" xlink:label="nm_ShipMortgageSeniorNotesMember" xlink:type="locator"/>
    <label xlink:label="nm_ShipMortgageSeniorNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ShipMortgageSeniorNotesMember" xlink:to="nm_ShipMortgageSeniorNotesMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ShipMortgageSeniorNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2022 Notes</label>
    <loc xlink:href="nm-20161231.xsd#nm_ShippingReportingUnitMember" xlink:label="nm_ShippingReportingUnitMember" xlink:type="locator"/>
    <label xlink:label="nm_ShippingReportingUnitMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ShippingReportingUnitMember" xlink:to="nm_ShippingReportingUnitMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ShippingReportingUnitMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shipping Reporting Unit</label>
    <loc xlink:href="nm-20161231.xsd#nm_SizzlingVenturesIncMember" xlink:label="nm_SizzlingVenturesIncMember" xlink:type="locator"/>
    <label xlink:label="nm_SizzlingVenturesIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_SizzlingVenturesIncMember" xlink:to="nm_SizzlingVenturesIncMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SizzlingVenturesIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sizzling Ventures Inc [Member]</label>
    <label xlink:label="nm_SizzlingVenturesIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sizzling Ventures Inc.</label>
    <loc xlink:href="nm-20161231.xsd#nm_SmaltiteShippingCorporationMember" xlink:label="nm_SmaltiteShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_SmaltiteShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_SmaltiteShippingCorporationMember" xlink:to="nm_SmaltiteShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SmaltiteShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Smaltite Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_SolangeShippingLtdMember" xlink:label="nm_SolangeShippingLtdMember" xlink:type="locator"/>
    <label xlink:label="nm_SolangeShippingLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_SolangeShippingLtdMember" xlink:to="nm_SolangeShippingLtdMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SolangeShippingLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Solange Shipping Ltd [Member]</label>
    <label xlink:label="nm_SolangeShippingLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Solange Shipping Ltd.</label>
    <loc xlink:href="nm-20161231.xsd#nm_StarMaritimeEnterprisesCorporationMember" xlink:label="nm_StarMaritimeEnterprisesCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_StarMaritimeEnterprisesCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_StarMaritimeEnterprisesCorporationMember" xlink:to="nm_StarMaritimeEnterprisesCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_StarMaritimeEnterprisesCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Star Maritime Enterprises Corporation [Member]</label>
    <label xlink:label="nm_StarMaritimeEnterprisesCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Star Maritime Enterprises Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_StatementOfOperationsAbstract" xlink:label="nm_StatementOfOperationsAbstract" xlink:type="locator"/>
    <label xlink:label="nm_StatementOfOperationsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_StatementOfOperationsAbstract" xlink:to="nm_StatementOfOperationsAbstract_lbl" xlink:type="arc"/>
    <label xlink:label="nm_StatementOfOperationsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement of Operations</label>
    <loc xlink:href="nm-20161231.xsd#nm_StatementOfOperationsCurrentYear" xlink:label="nm_StatementOfOperationsCurrentYear" xlink:type="locator"/>
    <label xlink:label="nm_StatementOfOperationsCurrentYear_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_StatementOfOperationsCurrentYear" xlink:to="nm_StatementOfOperationsCurrentYear_lbl" xlink:type="arc"/>
    <label xlink:label="nm_StatementOfOperationsCurrentYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement Of Operations Current Year</label>
    <label xlink:label="nm_StatementOfOperationsCurrentYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2016</label>
    <loc xlink:href="nm-20161231.xsd#nm_StatementOfOperationsPreviousYear" xlink:label="nm_StatementOfOperationsPreviousYear" xlink:type="locator"/>
    <label xlink:label="nm_StatementOfOperationsPreviousYear_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_StatementOfOperationsPreviousYear" xlink:to="nm_StatementOfOperationsPreviousYear_lbl" xlink:type="arc"/>
    <label xlink:label="nm_StatementOfOperationsPreviousYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement Of Operations Previous Year</label>
    <label xlink:label="nm_StatementOfOperationsPreviousYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2015</label>
    <loc xlink:href="nm-20161231.xsd#nm_StatementOfOperationsYearMinus2" xlink:label="nm_StatementOfOperationsYearMinus2" xlink:type="locator"/>
    <label xlink:label="nm_StatementOfOperationsYearMinus2_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_StatementOfOperationsYearMinus2" xlink:to="nm_StatementOfOperationsYearMinus2_lbl" xlink:type="arc"/>
    <label xlink:label="nm_StatementOfOperationsYearMinus2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of operations, year minus 2</label>
    <label xlink:label="nm_StatementOfOperationsYearMinus2_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2014</label>
    <loc xlink:href="nm-20161231.xsd#nm_StockIssued1Member" xlink:label="nm_StockIssued1Member" xlink:type="locator"/>
    <label xlink:label="nm_StockIssued1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Issued1 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_StockIssued1Member" xlink:to="nm_StockIssued1Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_StockIssued1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">First stock issuance</label>
    <loc xlink:href="nm-20161231.xsd#nm_StockIssued2Member" xlink:label="nm_StockIssued2Member" xlink:type="locator"/>
    <label xlink:label="nm_StockIssued2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Issued2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_StockIssued2Member" xlink:to="nm_StockIssued2Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_StockIssued2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Second stock issuance</label>
    <loc xlink:href="nm-20161231.xsd#nm_StockIssued3Member" xlink:label="nm_StockIssued3Member" xlink:type="locator"/>
    <label xlink:label="nm_StockIssued3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Issued3 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_StockIssued3Member" xlink:to="nm_StockIssued3Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_StockIssued3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Third stock issuance</label>
    <loc xlink:href="nm-20161231.xsd#nm_StockIssued4Member" xlink:label="nm_StockIssued4Member" xlink:type="locator"/>
    <label xlink:label="nm_StockIssued4Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Issued4 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_StockIssued4Member" xlink:to="nm_StockIssued4Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_StockIssued4Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fourth stock issuance</label>
    <loc xlink:href="nm-20161231.xsd#nm_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:label="nm_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:type="locator"/>
    <label xlink:label="nm_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of shares (or other type of equity) vested during the period.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:to="nm_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" xlink:type="arc"/>
    <label xlink:label="nm_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Issued During Period Units Share Based Payment Award Options Grants In Period Gross</label>
    <label xlink:label="nm_StockIssuedDuringPeriodUnitsShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vested restricted stock units</label>
    <loc xlink:href="nm-20161231.xsd#nm_SubordinatedUnitsMember" xlink:label="nm_SubordinatedUnitsMember" xlink:type="locator"/>
    <label xlink:label="nm_SubordinatedUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subordinated Units [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_SubordinatedUnitsMember" xlink:to="nm_SubordinatedUnitsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SubordinatedUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Outstanding subordinated units</label>
    <loc xlink:href="nm-20161231.xsd#nm_SubordinatedUnitsSeriesAMember" xlink:label="nm_SubordinatedUnitsSeriesAMember" xlink:type="locator"/>
    <label xlink:label="nm_SubordinatedUnitsSeriesAMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_SubordinatedUnitsSeriesAMember" xlink:to="nm_SubordinatedUnitsSeriesAMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SubordinatedUnitsSeriesAMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Outstanding subordinated series A</label>
    <loc xlink:href="nm-20161231.xsd#nm_SubsidiaryOwnershipPercentage" xlink:label="nm_SubsidiaryOwnershipPercentage" xlink:type="locator"/>
    <label xlink:label="nm_SubsidiaryOwnershipPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_SubsidiaryOwnershipPercentage" xlink:to="nm_SubsidiaryOwnershipPercentage_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SubsidiaryOwnershipPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Ownership Percentage</label>
    <label xlink:label="nm_SubsidiaryOwnershipPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ownership percentage of Navios Holdings</label>
    <loc xlink:href="nm-20161231.xsd#nm_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock" xlink:label="nm_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock" xlink:type="locator"/>
    <label xlink:label="nm_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock" xlink:to="nm_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Summary Of Financial Information Of Balance Sheet Of Affiliated Companies [Table Text Block]</label>
    <label xlink:label="nm_SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial information of affiliate companies, balance sheet</label>
    <loc xlink:href="nm-20161231.xsd#nm_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock" xlink:label="nm_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock" xlink:type="locator"/>
    <label xlink:label="nm_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock" xlink:to="nm_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Summary Of Financial Information Of Income Statement Of Affiliated Companies [Table Text Block]</label>
    <label xlink:label="nm_SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial information of affiliate companies, income statement</label>
    <loc xlink:href="nm-20161231.xsd#nm_SynergyMarineMember" xlink:label="nm_SynergyMarineMember" xlink:type="locator"/>
    <label xlink:label="nm_SynergyMarineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Synergy Marine [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_SynergyMarineMember" xlink:to="nm_SynergyMarineMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_SynergyMarineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Synergy Marine Pte Ltd. ownership percentage in Navios Asia</label>
    <loc xlink:href="nm-20161231.xsd#nm_TaharqaSpiritCorpMember" xlink:label="nm_TaharqaSpiritCorpMember" xlink:type="locator"/>
    <label xlink:label="nm_TaharqaSpiritCorpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_TaharqaSpiritCorpMember" xlink:to="nm_TaharqaSpiritCorpMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TaharqaSpiritCorpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Taharqa Spirit Corp [Member]</label>
    <label xlink:label="nm_TaharqaSpiritCorpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taharqa Spirit Corp.</label>
    <loc xlink:href="nm-20161231.xsd#nm_TankBarge1Member" xlink:label="nm_TankBarge1Member" xlink:type="locator"/>
    <label xlink:label="nm_TankBarge1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_TankBarge1Member" xlink:to="nm_TankBarge1Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TankBarge1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tank Barge 1</label>
    <loc xlink:href="nm-20161231.xsd#nm_TankBarge2Member" xlink:label="nm_TankBarge2Member" xlink:type="locator"/>
    <label xlink:label="nm_TankBarge2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_TankBarge2Member" xlink:to="nm_TankBarge2Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TankBarge2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tank Barge 2</label>
    <loc xlink:href="nm-20161231.xsd#nm_TankBarge3Member" xlink:label="nm_TankBarge3Member" xlink:type="locator"/>
    <label xlink:label="nm_TankBarge3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_TankBarge3Member" xlink:to="nm_TankBarge3Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TankBarge3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tank Barge 3</label>
    <loc xlink:href="nm-20161231.xsd#nm_TankBarge4Member" xlink:label="nm_TankBarge4Member" xlink:type="locator"/>
    <label xlink:label="nm_TankBarge4Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_TankBarge4Member" xlink:to="nm_TankBarge4Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TankBarge4Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tank Barge 4</label>
    <loc xlink:href="nm-20161231.xsd#nm_TankerVesselsBargesAndPushBoatsMember" xlink:label="nm_TankerVesselsBargesAndPushBoatsMember" xlink:type="locator"/>
    <label xlink:label="nm_TankerVesselsBargesAndPushBoatsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tanker Vessels Barges And Push Boats [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_TankerVesselsBargesAndPushBoatsMember" xlink:to="nm_TankerVesselsBargesAndPushBoatsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TankerVesselsBargesAndPushBoatsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tanker vessels, barges and push boats</label>
    <loc xlink:href="nm-20161231.xsd#nm_TankerVesselsBargesAndPushboatsMember" xlink:label="nm_TankerVesselsBargesAndPushboatsMember" xlink:type="locator"/>
    <label xlink:label="nm_TankerVesselsBargesAndPushboatsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_TankerVesselsBargesAndPushboatsMember" xlink:to="nm_TankerVesselsBargesAndPushboatsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TankerVesselsBargesAndPushboatsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tanker vessels, barges and push boats</label>
    <label xlink:label="nm_TankerVesselsBargesAndPushboatsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Tanker vessels, barges and push boats (Navios Logistics)</label>
    <loc xlink:href="nm-20161231.xsd#nm_TankerVesselsBargesPushBoatsTableTextBlock" xlink:label="nm_TankerVesselsBargesPushBoatsTableTextBlock" xlink:type="locator"/>
    <label xlink:label="nm_TankerVesselsBargesPushBoatsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_TankerVesselsBargesPushBoatsTableTextBlock" xlink:to="nm_TankerVesselsBargesPushBoatsTableTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TankerVesselsBargesPushBoatsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tanker Vessels Barges Push Boats [Table Text Block]</label>
    <label xlink:label="nm_TankerVesselsBargesPushBoatsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tanker vessels, barges and push boats</label>
    <loc xlink:href="nm-20161231.xsd#nm_TankerVesselsMember" xlink:label="nm_TankerVesselsMember" xlink:type="locator"/>
    <label xlink:label="nm_TankerVesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tanker Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_TankerVesselsMember" xlink:to="nm_TankerVesselsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TankerVesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tanker vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_TankerVesselsTablesTextBlock" xlink:label="nm_TankerVesselsTablesTextBlock" xlink:type="locator"/>
    <label xlink:label="nm_TankerVesselsTablesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_TankerVesselsTablesTextBlock" xlink:to="nm_TankerVesselsTablesTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TankerVesselsTablesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tanker Vessels [Tables Text Block]</label>
    <label xlink:label="nm_TankerVesselsTablesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tanker Vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_TenVesselsMember" xlink:label="nm_TenVesselsMember" xlink:type="locator"/>
    <label xlink:label="nm_TenVesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ten Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_TenVesselsMember" xlink:to="nm_TenVesselsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TenVesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">10 vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_ThereafterOfFirstOnePointFiveMillionsMember" xlink:label="nm_ThereafterOfFirstOnePointFiveMillionsMember" xlink:type="locator"/>
    <label xlink:label="nm_ThereafterOfFirstOnePointFiveMillionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ThereafterOfFirstOnePointFiveMillionsMember" xlink:to="nm_ThereafterOfFirstOnePointFiveMillionsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ThereafterOfFirstOnePointFiveMillionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Thereafter of the first $1.5 million in profits above the base rate</label>
    <loc xlink:href="nm-20161231.xsd#nm_ThereafterOfFirstTwoPointFiveMillionsMember" xlink:label="nm_ThereafterOfFirstTwoPointFiveMillionsMember" xlink:type="locator"/>
    <label xlink:label="nm_ThereafterOfFirstTwoPointFiveMillionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ThereafterOfFirstTwoPointFiveMillionsMember" xlink:to="nm_ThereafterOfFirstTwoPointFiveMillionsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ThereafterOfFirstTwoPointFiveMillionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Thereafter of the first $2.5 millions in profits above the base rate</label>
    <loc xlink:href="nm-20161231.xsd#nm_ThirtysixDryBargesMember" xlink:label="nm_ThirtysixDryBargesMember" xlink:type="locator"/>
    <label xlink:label="nm_ThirtysixDryBargesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ThirtysixDryBargesMember" xlink:to="nm_ThirtysixDryBargesMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ThirtysixDryBargesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">36 Dry Barges</label>
    <loc xlink:href="nm-20161231.xsd#nm_ThreeNewPushboatsMember" xlink:label="nm_ThreeNewPushboatsMember" xlink:type="locator"/>
    <label xlink:label="nm_ThreeNewPushboatsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ThreeNewPushboatsMember" xlink:to="nm_ThreeNewPushboatsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ThreeNewPushboatsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Three new pushboats, price per each</label>
    <loc xlink:href="nm-20161231.xsd#nm_ThreePushboats1Member" xlink:label="nm_ThreePushboats1Member" xlink:type="locator"/>
    <label xlink:label="nm_ThreePushboats1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_ThreePushboats1Member" xlink:to="nm_ThreePushboats1Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ThreePushboats1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Three pushboats</label>
    <loc xlink:href="nm-20161231.xsd#nm_ThreePushboatsMember" xlink:label="nm_ThreePushboatsMember" xlink:type="locator"/>
    <label xlink:label="nm_ThreePushboatsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Three Pushboats [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_ThreePushboatsMember" xlink:to="nm_ThreePushboatsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_ThreePushboatsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Three push boats</label>
    <loc xlink:href="nm-20161231.xsd#nm_TotalConsolidationMember" xlink:label="nm_TotalConsolidationMember" xlink:type="locator"/>
    <label xlink:label="nm_TotalConsolidationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Consolidation [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_TotalConsolidationMember" xlink:to="nm_TotalConsolidationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TotalConsolidationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total</label>
    <loc xlink:href="nm-20161231.xsd#nm_TotalFairValueInputLevelsMember" xlink:label="nm_TotalFairValueInputLevelsMember" xlink:type="locator"/>
    <label xlink:label="nm_TotalFairValueInputLevelsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_TotalFairValueInputLevelsMember" xlink:to="nm_TotalFairValueInputLevelsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TotalFairValueInputLevelsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Fair Value Input Levels [Member]</label>
    <label xlink:label="nm_TotalFairValueInputLevelsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total</label>
    <loc xlink:href="nm-20161231.xsd#nm_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember" xlink:label="nm_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember" xlink:type="locator"/>
    <label xlink:label="nm_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember" xlink:to="nm_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total intangible assets including unfavorable lease terms [Member]</label>
    <label xlink:label="nm_TotalIntangibleAssetsIncludingUnfavorableLeaseTermsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total</label>
    <loc xlink:href="nm-20161231.xsd#nm_TotalIntangibleAssetsMember" xlink:label="nm_TotalIntangibleAssetsMember" xlink:type="locator"/>
    <label xlink:label="nm_TotalIntangibleAssetsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_TotalIntangibleAssetsMember" xlink:to="nm_TotalIntangibleAssetsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TotalIntangibleAssetsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Intangible assets</label>
    <loc xlink:href="nm-20161231.xsd#nm_TotalIntangiblesAssetsAmortization" xlink:label="nm_TotalIntangiblesAssetsAmortization" xlink:type="locator"/>
    <label xlink:label="nm_TotalIntangiblesAssetsAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_TotalIntangiblesAssetsAmortization" xlink:to="nm_TotalIntangiblesAssetsAmortization_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TotalIntangiblesAssetsAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Intangibles Assets Amortization</label>
    <label xlink:label="nm_TotalIntangiblesAssetsAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total amortization</label>
    <loc xlink:href="nm-20161231.xsd#nm_TotalLoansMember" xlink:label="nm_TotalLoansMember" xlink:type="locator"/>
    <label xlink:label="nm_TotalLoansMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Loans [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_TotalLoansMember" xlink:to="nm_TotalLoansMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TotalLoansMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total</label>
    <loc xlink:href="nm-20161231.xsd#nm_TotalNaviosLogisticsLoansMember" xlink:label="nm_TotalNaviosLogisticsLoansMember" xlink:type="locator"/>
    <label xlink:label="nm_TotalNaviosLogisticsLoansMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_TotalNaviosLogisticsLoansMember" xlink:to="nm_TotalNaviosLogisticsLoansMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TotalNaviosLogisticsLoansMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Navios Logistics borrowings</label>
    <loc xlink:href="nm-20161231.xsd#nm_Tranche3Member" xlink:label="nm_Tranche3Member" xlink:type="locator"/>
    <label xlink:label="nm_Tranche3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tranche 3 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_Tranche3Member" xlink:to="nm_Tranche3Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_Tranche3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tranche C</label>
    <loc xlink:href="nm-20161231.xsd#nm_TrancheBMember" xlink:label="nm_TrancheBMember" xlink:type="locator"/>
    <label xlink:label="nm_TrancheBMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tranche B [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_TrancheBMember" xlink:to="nm_TrancheBMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TrancheBMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tranche B</label>
    <loc xlink:href="nm-20161231.xsd#nm_TrancheCMember" xlink:label="nm_TrancheCMember" xlink:type="locator"/>
    <label xlink:label="nm_TrancheCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tranche C [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_TrancheCMember" xlink:to="nm_TrancheCMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TrancheCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New Tranche June 2014</label>
    <loc xlink:href="nm-20161231.xsd#nm_TrancheDMember" xlink:label="nm_TrancheDMember" xlink:type="locator"/>
    <label xlink:label="nm_TrancheDMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tranche D [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_TrancheDMember" xlink:to="nm_TrancheDMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TrancheDMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tranche D</label>
    <loc xlink:href="nm-20161231.xsd#nm_TrancheMember" xlink:label="nm_TrancheMember" xlink:type="locator"/>
    <label xlink:label="nm_TrancheMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tranche A [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_TrancheMember" xlink:to="nm_TrancheMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TrancheMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tranche A</label>
    <loc xlink:href="nm-20161231.xsd#nm_TransactionFeesExpenseMember" xlink:label="nm_TransactionFeesExpenseMember" xlink:type="locator"/>
    <label xlink:label="nm_TransactionFeesExpenseMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_TransactionFeesExpenseMember" xlink:to="nm_TransactionFeesExpenseMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TransactionFeesExpenseMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transaction fees and expenses</label>
    <loc xlink:href="nm-20161231.xsd#nm_TransfersBetweenSubsidiaries" xlink:label="nm_TransfersBetweenSubsidiaries" xlink:type="locator"/>
    <label xlink:label="nm_TransfersBetweenSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_TransfersBetweenSubsidiaries" xlink:to="nm_TransfersBetweenSubsidiaries_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TransfersBetweenSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers Between Subsidiaries</label>
    <label xlink:label="nm_TransfersBetweenSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfer (to)/from other group subsidiaries</label>
    <loc xlink:href="nm-20161231.xsd#nm_TreasuryStockPolicyTextBlock" xlink:label="nm_TreasuryStockPolicyTextBlock" xlink:type="locator"/>
    <label xlink:label="nm_TreasuryStockPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_TreasuryStockPolicyTextBlock" xlink:to="nm_TreasuryStockPolicyTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TreasuryStockPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Treasury Stock [Policy Text Block]</label>
    <label xlink:label="nm_TreasuryStockPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Treasury Stock</label>
    <loc xlink:href="nm-20161231.xsd#nm_TriangleShippingCorporationMember" xlink:label="nm_TriangleShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_TriangleShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_TriangleShippingCorporationMember" xlink:to="nm_TriangleShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TriangleShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Triangle Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_TulsiShipmanagementCoMember" xlink:label="nm_TulsiShipmanagementCoMember" xlink:type="locator"/>
    <label xlink:label="nm_TulsiShipmanagementCoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_TulsiShipmanagementCoMember" xlink:to="nm_TulsiShipmanagementCoMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TulsiShipmanagementCoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tulsi Shipmanagement Co [Member]</label>
    <label xlink:label="nm_TulsiShipmanagementCoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tulsi Shipmanagement Co.</label>
    <loc xlink:href="nm-20161231.xsd#nm_TwoCompanies1Member" xlink:label="nm_TwoCompanies1Member" xlink:type="locator"/>
    <label xlink:label="nm_TwoCompanies1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_TwoCompanies1Member" xlink:to="nm_TwoCompanies1Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TwoCompanies1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Two companies</label>
    <loc xlink:href="nm-20161231.xsd#nm_TwoCompaniesMember" xlink:label="nm_TwoCompaniesMember" xlink:type="locator"/>
    <label xlink:label="nm_TwoCompaniesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Two Companies [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_TwoCompaniesMember" xlink:to="nm_TwoCompaniesMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_TwoCompaniesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Two Companies</label>
    <loc xlink:href="nm-20161231.xsd#nm_UltraHandymaxMember" xlink:label="nm_UltraHandymaxMember" xlink:type="locator"/>
    <label xlink:label="nm_UltraHandymaxMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ultra Handymax [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_UltraHandymaxMember" xlink:to="nm_UltraHandymaxMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_UltraHandymaxMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ultra-Handymax vessel</label>
    <loc xlink:href="nm-20161231.xsd#nm_UltraHandymaxPanamaxCapesizeMember" xlink:label="nm_UltraHandymaxPanamaxCapesizeMember" xlink:type="locator"/>
    <label xlink:label="nm_UltraHandymaxPanamaxCapesizeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_UltraHandymaxPanamaxCapesizeMember" xlink:to="nm_UltraHandymaxPanamaxCapesizeMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_UltraHandymaxPanamaxCapesizeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ultra-Handymax, Panamax, Capesize and Container Vessel</label>
    <loc xlink:href="nm-20161231.xsd#nm_UnamortizedPortionOfFavorableLeaseTerm" xlink:label="nm_UnamortizedPortionOfFavorableLeaseTerm" xlink:type="locator"/>
    <label xlink:label="nm_UnamortizedPortionOfFavorableLeaseTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_UnamortizedPortionOfFavorableLeaseTerm" xlink:to="nm_UnamortizedPortionOfFavorableLeaseTerm_lbl" xlink:type="arc"/>
    <label xlink:label="nm_UnamortizedPortionOfFavorableLeaseTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unamortized Portion Of Favorable Lease Term</label>
    <label xlink:label="nm_UnamortizedPortionOfFavorableLeaseTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unamortized portion of favorable lease term</label>
    <loc xlink:href="nm-20161231.xsd#nm_UnfavorableLeaseTerms1Member" xlink:label="nm_UnfavorableLeaseTerms1Member" xlink:type="locator"/>
    <label xlink:label="nm_UnfavorableLeaseTerms1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_UnfavorableLeaseTerms1Member" xlink:to="nm_UnfavorableLeaseTerms1Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_UnfavorableLeaseTerms1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unfavorable lease terms</label>
    <loc xlink:href="nm-20161231.xsd#nm_UnfavorableLeaseTermsMember" xlink:label="nm_UnfavorableLeaseTermsMember" xlink:type="locator"/>
    <label xlink:label="nm_UnfavorableLeaseTermsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_UnfavorableLeaseTermsMember" xlink:to="nm_UnfavorableLeaseTermsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_UnfavorableLeaseTermsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unfavorable Lease Terms [Member]</label>
    <label xlink:label="nm_UnfavorableLeaseTermsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unfavorable lease terms</label>
    <label xlink:label="nm_UnfavorableLeaseTermsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Unfavorable lease terms purchase options for vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_UnrealizedGainLossOnFfaDerivatives" xlink:label="nm_UnrealizedGainLossOnFfaDerivatives" xlink:type="locator"/>
    <label xlink:label="nm_UnrealizedGainLossOnFfaDerivatives_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_UnrealizedGainLossOnFfaDerivatives" xlink:to="nm_UnrealizedGainLossOnFfaDerivatives_lbl" xlink:type="arc"/>
    <label xlink:label="nm_UnrealizedGainLossOnFfaDerivatives_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrealized Gain Loss On Ffa Derivatives</label>
    <label xlink:label="nm_UnrealizedGainLossOnFfaDerivatives_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrealized loss on FFA derivatives</label>
    <label xlink:label="nm_UnrealizedGainLossOnFfaDerivatives_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Net unrealized (losses)/gains on FFAs</label>
    <loc xlink:href="nm-20161231.xsd#nm_UponOccurrenceOfCertainChangeOfControlEventsMember" xlink:label="nm_UponOccurrenceOfCertainChangeOfControlEventsMember" xlink:type="locator"/>
    <label xlink:label="nm_UponOccurrenceOfCertainChangeOfControlEventsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_UponOccurrenceOfCertainChangeOfControlEventsMember" xlink:to="nm_UponOccurrenceOfCertainChangeOfControlEventsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_UponOccurrenceOfCertainChangeOfControlEventsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Upon occurrence of certain change of control events</label>
    <loc xlink:href="nm-20161231.xsd#nm_UtilizationRateFleet" xlink:label="nm_UtilizationRateFleet" xlink:type="locator"/>
    <label xlink:label="nm_UtilizationRateFleet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_UtilizationRateFleet" xlink:to="nm_UtilizationRateFleet_lbl" xlink:type="arc"/>
    <label xlink:label="nm_UtilizationRateFleet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Utilization Rate Of Fleet</label>
    <label xlink:label="nm_UtilizationRateFleet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Utilization rate of fleet</label>
    <loc xlink:href="nm-20161231.xsd#nm_VectorShippingCorporationMember" xlink:label="nm_VectorShippingCorporationMember" xlink:type="locator"/>
    <label xlink:label="nm_VectorShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_VectorShippingCorporationMember" xlink:to="nm_VectorShippingCorporationMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_VectorShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vector Shipping Corporation [Member]</label>
    <label xlink:label="nm_VectorShippingCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vector Shipping Corporation</label>
    <loc xlink:href="nm-20161231.xsd#nm_VesselCapacity" xlink:label="nm_VesselCapacity" xlink:type="locator"/>
    <label xlink:label="nm_VesselCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_VesselCapacity" xlink:to="nm_VesselCapacity_lbl" xlink:type="arc"/>
    <label xlink:label="nm_VesselCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessel Capacity</label>
    <label xlink:label="nm_VesselCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vessel capacity in DWT</label>
    <loc xlink:href="nm-20161231.xsd#nm_VesselType" xlink:label="nm_VesselType" xlink:type="locator"/>
    <label xlink:label="nm_VesselType_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_VesselType" xlink:to="nm_VesselType_lbl" xlink:type="arc"/>
    <label xlink:label="nm_VesselType_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessel Type</label>
    <label xlink:label="nm_VesselType_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vessel type</label>
    <loc xlink:href="nm-20161231.xsd#nm_VesselYearBuilt" xlink:label="nm_VesselYearBuilt" xlink:type="locator"/>
    <label xlink:label="nm_VesselYearBuilt_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_VesselYearBuilt" xlink:to="nm_VesselYearBuilt_lbl" xlink:type="arc"/>
    <label xlink:label="nm_VesselYearBuilt_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessel Year Built</label>
    <label xlink:label="nm_VesselYearBuilt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vessel year built</label>
    <loc xlink:href="nm-20161231.xsd#nm_Vessels2Member" xlink:label="nm_Vessels2Member" xlink:type="locator"/>
    <label xlink:label="nm_Vessels2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessels2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_Vessels2Member" xlink:to="nm_Vessels2Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_Vessels2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_VesselsMember" xlink:label="nm_VesselsMember" xlink:type="locator"/>
    <label xlink:label="nm_VesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessels [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_VesselsMember" xlink:to="nm_VesselsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_VesselsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vessels</label>
    <loc xlink:href="nm-20161231.xsd#nm_VesselsPortTerminalsAndOtherFixedAssetsMember" xlink:label="nm_VesselsPortTerminalsAndOtherFixedAssetsMember" xlink:type="locator"/>
    <label xlink:label="nm_VesselsPortTerminalsAndOtherFixedAssetsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_VesselsPortTerminalsAndOtherFixedAssetsMember" xlink:to="nm_VesselsPortTerminalsAndOtherFixedAssetsMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_VesselsPortTerminalsAndOtherFixedAssetsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vessels, Port Terminals and Other Fixed Assets</label>
    <loc xlink:href="nm-20161231.xsd#nm_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock" xlink:label="nm_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock" xlink:type="locator"/>
    <label xlink:label="nm_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock" xlink:to="nm_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="nm_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessels Port Terminals Tanker Vessels Barges Push Boats Other Fixed Assets [Table Text Block]</label>
    <label xlink:label="nm_VesselsPortTerminalsTankerVesselsBargesPushBoatsOtherFixedAssetsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total</label>
    <loc xlink:href="nm-20161231.xsd#nm_VitolSAMember" xlink:label="nm_VitolSAMember" xlink:type="locator"/>
    <label xlink:label="nm_VitolSAMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vitol SA [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_VitolSAMember" xlink:to="nm_VitolSAMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_VitolSAMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vitol S.A.</label>
    <loc xlink:href="nm-20161231.xsd#nm_VlccAcquisition2Member" xlink:label="nm_VlccAcquisition2Member" xlink:type="locator"/>
    <label xlink:label="nm_VlccAcquisition2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vlcc Acquisition2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_VlccAcquisition2Member" xlink:to="nm_VlccAcquisition2Member_lbl" xlink:type="arc"/>
    <label xlink:label="nm_VlccAcquisition2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">VLCC Acquisition</label>
    <loc xlink:href="nm-20161231.xsd#nm_VlccMember" xlink:label="nm_VlccMember" xlink:type="locator"/>
    <label xlink:label="nm_VlccMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vlcc [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nm_VlccMember" xlink:to="nm_VlccMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_VlccMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">VLCC vessel</label>
    <loc xlink:href="nm-20161231.xsd#nm_VoyageExpenses" xlink:label="nm_VoyageExpenses" xlink:type="locator"/>
    <label xlink:label="nm_VoyageExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_VoyageExpenses" xlink:to="nm_VoyageExpenses_lbl" xlink:type="arc"/>
    <label xlink:label="nm_VoyageExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Voyage Expenses</label>
    <label xlink:label="nm_VoyageExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Voyage expenses</label>
    <loc xlink:href="nm-20161231.xsd#nm_WeightedAverageExercisePriceMember" xlink:label="nm_WeightedAverageExercisePriceMember" xlink:type="locator"/>
    <label xlink:label="nm_WeightedAverageExercisePriceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_WeightedAverageExercisePriceMember" xlink:to="nm_WeightedAverageExercisePriceMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_WeightedAverageExercisePriceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average exercise price</label>
    <loc xlink:href="nm-20161231.xsd#nm_WeightedAverageRemainingTermMember" xlink:label="nm_WeightedAverageRemainingTermMember" xlink:type="locator"/>
    <label xlink:label="nm_WeightedAverageRemainingTermMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_WeightedAverageRemainingTermMember" xlink:to="nm_WeightedAverageRemainingTermMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_WeightedAverageRemainingTermMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average remaining term</label>
    <loc xlink:href="nm-20161231.xsd#nm_WhiteNarcissusMarineSaMember" xlink:label="nm_WhiteNarcissusMarineSaMember" xlink:type="locator"/>
    <label xlink:label="nm_WhiteNarcissusMarineSaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_WhiteNarcissusMarineSaMember" xlink:to="nm_WhiteNarcissusMarineSaMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_WhiteNarcissusMarineSaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">White Narcissus Marine Sa [Member]</label>
    <label xlink:label="nm_WhiteNarcissusMarineSaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">White Narcissus Marine S.A.</label>
    <loc xlink:href="nm-20161231.xsd#nm_WithinOtherExpenseMember" xlink:label="nm_WithinOtherExpenseMember" xlink:type="locator"/>
    <label xlink:label="nm_WithinOtherExpenseMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_WithinOtherExpenseMember" xlink:to="nm_WithinOtherExpenseMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_WithinOtherExpenseMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Within the caption of 'Other Expense'</label>
    <loc xlink:href="nm-20161231.xsd#nm_WithinOtherIncomeMember" xlink:label="nm_WithinOtherIncomeMember" xlink:type="locator"/>
    <label xlink:label="nm_WithinOtherIncomeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="nm_WithinOtherIncomeMember" xlink:to="nm_WithinOtherIncomeMember_lbl" xlink:type="arc"/>
    <label xlink:label="nm_WithinOtherIncomeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Within the caption of 'Other Income'</label>
    <loc xlink:href="nm-20161231.xsd#nm_WorkingCapitalAcquired" xlink:label="nm_WorkingCapitalAcquired" xlink:type="locator"/>
    <label xlink:label="nm_WorkingCapitalAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_WorkingCapitalAcquired" xlink:to="nm_WorkingCapitalAcquired_lbl" xlink:type="arc"/>
    <label xlink:label="nm_WorkingCapitalAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Working Capital Acquired</label>
    <label xlink:label="nm_WorkingCapitalAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Working capital acquired</label>
    <loc xlink:href="nm-20161231.xsd#nm_YearBuilt" xlink:label="nm_YearBuilt" xlink:type="locator"/>
    <label xlink:label="nm_YearBuilt_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" 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="nm_YearBuilt" xlink:to="nm_YearBuilt_lbl" xlink:type="arc"/>
    <label xlink:label="nm_YearBuilt_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Year Built</label>
    <label xlink:label="nm_YearBuilt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Year built</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AboveMarketLeasesMember" xlink:label="us-gaap_AboveMarketLeasesMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_AboveMarketLeasesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_AboveMarketLeasesMember" xlink:to="us-gaap_AboveMarketLeasesMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AboveMarketLeasesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Favorable lease terms</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="us-gaap_AccountingPoliciesAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_AccountingPoliciesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_AccountingPoliciesAbstract_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsAndNotesReceivableNetAbstract" xlink:label="us-gaap_AccountsAndNotesReceivableNetAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_AccountsAndNotesReceivableNetAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_AccountsAndNotesReceivableNetAbstract" xlink:to="us-gaap_AccountsAndNotesReceivableNetAbstract_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AccountsAndNotesReceivableNetAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provisions for doubtful accounts</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock" xlink:label="us-gaap_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock" xlink:to="us-gaap_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">ACCRUED EXPENSES AND OTHER LIABILITIES</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsPayableCurrent" xlink:label="us-gaap_AccountsPayableCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_AccountsPayableCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts payable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableCurrent" xlink:to="us-gaap_AccountsPayableCurrent_lbl" xlink:type="arc"/>
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    <label xlink:label="us-gaap_AccountsPayableFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_AccountsPayableFairValueDisclosure" xlink:to="us-gaap_AccountsPayableFairValueDisclosure_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AccountsPayableFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts payable</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsPayableOtherCurrent" xlink:label="us-gaap_AccountsPayableOtherCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_AccountsPayableOtherCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_AccountsPayableOtherCurrent" xlink:to="us-gaap_AccountsPayableOtherCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AccountsPayableOtherCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intercompany payables</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsPayableRelatedPartiesCurrentAndNoncurrent" xlink:label="us-gaap_AccountsPayableRelatedPartiesCurrentAndNoncurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_AccountsPayableRelatedPartiesCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_AccountsPayableRelatedPartiesCurrentAndNoncurrent" xlink:to="us-gaap_AccountsPayableRelatedPartiesCurrentAndNoncurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AccountsPayableRelatedPartiesCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade accounts payable</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsPayableRelatedPartiesCurrent" xlink:label="us-gaap_AccountsPayableRelatedPartiesCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_AccountsPayableRelatedPartiesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_AccountsPayableRelatedPartiesCurrent" xlink:to="us-gaap_AccountsPayableRelatedPartiesCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AccountsPayableRelatedPartiesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intercompany payables</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsPayableRelatedPartiesNoncurrent" xlink:label="us-gaap_AccountsPayableRelatedPartiesNoncurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_AccountsPayableRelatedPartiesNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_AccountsPayableRelatedPartiesNoncurrent" xlink:to="us-gaap_AccountsPayableRelatedPartiesNoncurrent_lbl" xlink:type="arc"/>
    <label id="label_AccountsPayableRelatedPartiesNoncurrent" xlink:label="label_AccountsPayableRelatedPartiesNoncurrent" 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="us-gaap_AccountsPayableRelatedPartiesNoncurrent" xlink:title="label: AccountsPayableRelatedPartiesNoncurrent to label_AccountsPayableRelatedPartiesNoncurrent" xlink:to="label_AccountsPayableRelatedPartiesNoncurrent" xlink:type="arc"/>
    <label id="label_AccountsPayableRelatedPartiesNoncurrent_2" xlink:label="label_AccountsPayableRelatedPartiesNoncurrent_2" 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="us-gaap_AccountsPayableRelatedPartiesNoncurrent" xlink:title="label: AccountsPayableRelatedPartiesNoncurrent to label_AccountsPayableRelatedPartiesNoncurrent" xlink:to="label_AccountsPayableRelatedPartiesNoncurrent_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsReceivableFairValueDisclosure" xlink:label="us-gaap_AccountsReceivableFairValueDisclosure" xlink:type="locator"/>
    <label xlink:label="us-gaap_AccountsReceivableFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_AccountsReceivableFairValueDisclosure" xlink:to="us-gaap_AccountsReceivableFairValueDisclosure_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AccountsReceivableFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts receivable, net</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsReceivableGrossCurrent" xlink:label="us-gaap_AccountsReceivableGrossCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_AccountsReceivableGrossCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_AccountsReceivableGrossCurrent" xlink:to="us-gaap_AccountsReceivableGrossCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AccountsReceivableGrossCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts receivable</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="us-gaap_AccountsReceivableNetCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_AccountsReceivableNetCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts receivables, net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsReceivableNetCurrent" xlink:to="us-gaap_AccountsReceivableNetCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AccountsReceivableNetCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts receivable, net</label>
    <label xlink:label="us-gaap_AccountsReceivableNetCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Accounts receivable, net</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsReceivableRelatedParties" xlink:label="us-gaap_AccountsReceivableRelatedParties" xlink:type="locator"/>
    <label xlink:label="us-gaap_AccountsReceivableRelatedParties_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_AccountsReceivableRelatedParties" xlink:to="us-gaap_AccountsReceivableRelatedParties_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AccountsReceivableRelatedParties_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intercompany receivables</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent" xlink:label="us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent" xlink:to="us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued taxes</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccruedLiabilitiesCurrent" xlink:label="us-gaap_AccruedLiabilitiesCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_AccruedLiabilitiesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Liabilities Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccruedLiabilitiesCurrent" xlink:to="us-gaap_AccruedLiabilitiesCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AccruedLiabilitiesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued expenses and other liabilities</label>
    <label xlink:label="us-gaap_AccruedLiabilitiesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total accrued expenses</label>
    <label xlink:label="us-gaap_AccruedLiabilitiesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accrued expenses and other liabilities</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccruedProfessionalFeesCurrent" xlink:label="us-gaap_AccruedProfessionalFeesCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_AccruedProfessionalFeesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_AccruedProfessionalFeesCurrent" xlink:to="us-gaap_AccruedProfessionalFeesCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AccruedProfessionalFeesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Professional fees</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccruedSalariesCurrent" xlink:label="us-gaap_AccruedSalariesCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_AccruedSalariesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Salaries Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccruedSalariesCurrent" xlink:to="us-gaap_AccruedSalariesCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AccruedSalariesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payroll</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedCapitalizedInterestCosts" xlink:label="us-gaap_AccumulatedCapitalizedInterestCosts" xlink:type="locator"/>
    <label xlink:label="us-gaap_AccumulatedCapitalizedInterestCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Capitalized Interest Costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedCapitalizedInterestCosts" xlink:to="us-gaap_AccumulatedCapitalizedInterestCosts_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AccumulatedCapitalizedInterestCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capitalized deferred financing costs into vessel cost</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:type="locator"/>
    <label xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Depreciation Depletion And Amortization Property Plant And Equipment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:to="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="resource" xml:lang="en-US">Balance</label>
    <label xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="resource" xml:lang="en-US">Balance</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1" xlink:type="locator"/>
    <label xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Depreciation, Depletion and Amortization, Sale or Disposal of Property, Plant and Equipment</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1" xlink:to="us-gaap_AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disposals</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:type="locator"/>
    <label xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income Loss Net Of Tax</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated other comprehensive (loss)/income</label>
    <label xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accumulated other comprehensive loss</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AcquiredFiniteLivedIntangibleAssetsLineItems" xlink:label="us-gaap_AcquiredFiniteLivedIntangibleAssetsLineItems" xlink:type="locator"/>
    <label xlink:label="us-gaap_AcquiredFiniteLivedIntangibleAssetsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_AcquiredFiniteLivedIntangibleAssetsLineItems" xlink:to="us-gaap_AcquiredFiniteLivedIntangibleAssetsLineItems_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AcquiredFiniteLivedIntangibleAssetsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquired Finite Lived Intangible Assets</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife" xlink:label="us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife" xlink:type="locator"/>
    <label xlink:label="us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife" xlink:to="us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average amortization periods</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AcquisitionCostsCumulative" xlink:label="us-gaap_AcquisitionCostsCumulative" xlink:type="locator"/>
    <label xlink:label="us-gaap_AcquisitionCostsCumulative_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition Costs, Cumulative</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AcquisitionCostsCumulative" xlink:to="us-gaap_AcquisitionCostsCumulative_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AcquisitionCostsCumulative_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transportation and other acquisition costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AcquisitionCosts" xlink:label="us-gaap_AcquisitionCosts" xlink:type="locator"/>
    <label xlink:label="us-gaap_AcquisitionCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition Costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AcquisitionCosts" xlink:to="us-gaap_AcquisitionCosts_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AcquisitionCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transportation and other related costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdditionalFinancialInformationDisclosureTextBlock" xlink:label="us-gaap_AdditionalFinancialInformationDisclosureTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_AdditionalFinancialInformationDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_AdditionalFinancialInformationDisclosureTextBlock" xlink:to="us-gaap_AdditionalFinancialInformationDisclosureTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AdditionalFinancialInformationDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OTHER FINANCIAL INFORMATION</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="us-gaap_AdditionalPaidInCapitalMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional Paid In Capital [Member]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdjustmentsForChangeInAccountingPrincipleAxis" xlink:label="us-gaap_AdjustmentsForChangeInAccountingPrincipleAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_AdjustmentsForChangeInAccountingPrincipleAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:type="locator"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:to="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_lbl" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments to reconcile net income to net cash provided by/(used in) operating activities [Abstract]</label>
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    <label xlink:label="us-gaap_AdministrativeServicesRevenue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Administrative Services Revenue</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdministrativeServicesRevenue" xlink:to="us-gaap_AdministrativeServicesRevenue_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AdministrativeServicesRevenue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Administrative fee revenue from affiliates</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AffiliatedEntityMember" xlink:label="us-gaap_AffiliatedEntityMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_AffiliatedEntityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Affiliated Entity [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AffiliatedEntityMember" xlink:to="us-gaap_AffiliatedEntityMember_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense" xlink:label="us-gaap_AllocatedShareBasedCompensationExpense" xlink:type="locator"/>
    <label xlink:label="us-gaap_AllocatedShareBasedCompensationExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allocated Share Based Compensation Expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllocatedShareBasedCompensationExpense" xlink:to="us-gaap_AllocatedShareBasedCompensationExpense_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AllocatedShareBasedCompensationExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Compensation expense</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" xlink:label="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance For Credit Losses On Financing Receivables [TableTextBlock]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" xlink:to="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Allowance for doubtfull receivables</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance For Doubtful Accounts Receivable Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:to="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less: provision for doubtful receivables</label>
    <label xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="resource" xml:lang="en-US">Balance at End of Period</label>
    <label xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="resource" xml:lang="en-US">Balance at Beggining of Period</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries" xlink:type="locator"/>
    <label xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance For Doubtful Accounts Receivable Recoveries</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries" xlink:to="us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount Recovered</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs" xlink:type="locator"/>
    <label xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance for Doubtful Accounts Receivable, Write-offs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs" xlink:to="us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount Utilized</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AmortizationOfDebtDiscountPremium" xlink:label="us-gaap_AmortizationOfDebtDiscountPremium" xlink:type="locator"/>
    <label xlink:label="us-gaap_AmortizationOfDebtDiscountPremium_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">AmortizationOfDebtDiscountPremium</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfDebtDiscountPremium" xlink:to="us-gaap_AmortizationOfDebtDiscountPremium_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AmortizationOfDebtDiscountPremium_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization of finance charges</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AmortizationOfDeferredCharges" xlink:label="us-gaap_AmortizationOfDeferredCharges" xlink:type="locator"/>
    <label xlink:label="us-gaap_AmortizationOfDeferredCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization Of Deferred Charges</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfDeferredCharges" xlink:to="us-gaap_AmortizationOfDeferredCharges_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AmortizationOfDeferredCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization of deferred drydock and special survey costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AmortizationOfFinancingCosts" xlink:label="us-gaap_AmortizationOfFinancingCosts" xlink:type="locator"/>
    <label xlink:label="us-gaap_AmortizationOfFinancingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization Of Financing Costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfFinancingCosts" xlink:to="us-gaap_AmortizationOfFinancingCosts_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AmortizationOfFinancingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization and write-off of deferred financing costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AmortizationOfIntangibleAssets" xlink:label="us-gaap_AmortizationOfIntangibleAssets" xlink:type="locator"/>
    <label xlink:label="us-gaap_AmortizationOfIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization of intangible assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfIntangibleAssets" xlink:to="us-gaap_AmortizationOfIntangibleAssets_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AmortizationOfIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization Expense and Write Offs</label>
    <label xlink:label="us-gaap_AmortizationOfIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Acquisition costs and accumulated amortization</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:type="locator"/>
    <label xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:to="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares with anti-dilutive effect, not included in calculation of earnings per share</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AsiaMember" xlink:label="us-gaap_AsiaMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_AsiaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asia [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AsiaMember" xlink:to="us-gaap_AsiaMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AsiaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Asia</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetImpairmentCharges" xlink:label="us-gaap_AssetImpairmentCharges" xlink:type="locator"/>
    <label xlink:label="us-gaap_AssetImpairmentCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset Impairment Charges</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetImpairmentCharges" xlink:to="us-gaap_AssetImpairmentCharges_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AssetImpairmentCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Write-off</label>
    <label id="label_AssetImpairmentCharges" xlink:label="label_AssetImpairmentCharges" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AssetImpairmentCharges" xlink:type="resource" xml:lang="en-US">Impairment loss</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetImpairmentCharges" xlink:title="label: AssetImpairmentCharges to label_AssetImpairmentCharges" xlink:to="label_AssetImpairmentCharges" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetUnderConstructionMember" xlink:label="us-gaap_AssetUnderConstructionMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_AssetUnderConstructionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_AssetUnderConstructionMember" xlink:to="us-gaap_AssetUnderConstructionMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AssetUnderConstructionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Charter-in vessels to be delivered</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="us-gaap_AssetsAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_AssetsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ASSETS [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_AssetsAbstract_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AssetsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">ASSETS</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsCurrentAbstract" xlink:label="us-gaap_AssetsCurrentAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_AssetsCurrentAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current assets [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrentAbstract" xlink:to="us-gaap_AssetsCurrentAbstract_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AssetsCurrentAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current assets</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="us-gaap_AssetsCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_AssetsCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrent" xlink:to="us-gaap_AssetsCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_AssetsCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total current assets</label>
    <label xlink:label="us-gaap_AssetsCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total current assets</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsFairValueDisclosureAbstract" xlink:label="us-gaap_AssetsFairValueDisclosureAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_AssetsFairValueDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_AssetsFairValueDisclosureAbstract" xlink:to="us-gaap_AssetsFairValueDisclosureAbstract_lbl" xlink:type="arc"/>
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    <label xlink:label="us-gaap_CapitalLeaseObligationsCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Lease Obligations Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalLeaseObligationsCurrent" xlink:to="us-gaap_CapitalLeaseObligationsCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_CapitalLeaseObligationsCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current portion of capital lease obligations</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeaseObligationsNoncurrent" xlink:label="us-gaap_CapitalLeaseObligationsNoncurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_CapitalLeaseObligationsNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital lease obligations, net of current portion</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalLeaseObligationsNoncurrent" xlink:to="us-gaap_CapitalLeaseObligationsNoncurrent_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeaseObligations" xlink:label="us-gaap_CapitalLeaseObligations" xlink:type="locator"/>
    <label xlink:label="us-gaap_CapitalLeaseObligations_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital lease obligations, including current portion - Book Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalLeaseObligations" xlink:to="us-gaap_CapitalLeaseObligations_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_CapitalLeaseObligations_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital lease obligations, including current portion</label>
    <label xlink:label="us-gaap_CapitalLeaseObligations_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Purchase price obligation</label>
    <label id="label_CapitalLeaseObligations" xlink:label="label_CapitalLeaseObligations" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CapitalLeaseObligations" xlink:type="resource" xml:lang="en-US">Capital lease obligations, including current portion - Book Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalLeaseObligations" xlink:title="label: CapitalLeaseObligations to label_CapitalLeaseObligations" xlink:to="label_CapitalLeaseObligations" xlink:type="arc"/>
    <label id="label_CapitalLeaseObligations_2" xlink:label="label_CapitalLeaseObligations_2" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_CapitalLeaseObligations" xlink:type="resource" xml:lang="en-US">Purchase price obligation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalLeaseObligations" xlink:title="label: CapitalLeaseObligations to label_CapitalLeaseObligations" xlink:to="label_CapitalLeaseObligations_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesCurrent" xlink:label="us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments in leased assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesCurrent" xlink:to="us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingAndSalesTypeLeasesCurrent_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:label="us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_CarryingReportedAmountFairValueDisclosureMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:to="us-gaap_CarryingReportedAmountFairValueDisclosureMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_CarryingReportedAmountFairValueDisclosureMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Book Value</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAcquiredFromAcquisition" xlink:label="us-gaap_CashAcquiredFromAcquisition" xlink:type="locator"/>
    <label xlink:label="us-gaap_CashAcquiredFromAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_CashAcquiredFromAcquisition" xlink:to="us-gaap_CashAcquiredFromAcquisition_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_CashAcquiredFromAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cash acquired through asset acquisition</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsAbstract" xlink:label="us-gaap_CashAndCashEquivalentsAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_CashAndCashEquivalentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CASH AND CASH EQUIVALENTS [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAbstract" xlink:to="us-gaap_CashAndCashEquivalentsAbstract_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:type="locator"/>
    <label xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents, end of year</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents, beginning of year</label>
    <label xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</label>
    <label xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</label>
    <label xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents - Book Value</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsDisclosureTextBlock" xlink:label="us-gaap_CashAndCashEquivalentsDisclosureTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_CashAndCashEquivalentsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_CashAndCashEquivalentsDisclosureTextBlock" xlink:to="us-gaap_CashAndCashEquivalentsDisclosureTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_CashAndCashEquivalentsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">CASH AND CASH EQUIVALENTS</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:label="us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:type="locator"/>
    <label xlink:label="us-gaap_CashAndCashEquivalentsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:to="us-gaap_CashAndCashEquivalentsFairValueDisclosure_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_CashAndCashEquivalentsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</label>
    <label xlink:label="us-gaap_CashAndCashEquivalentsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents - Fair Value</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:type="locator"/>
    <label xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">(Decrease)/increase in cash and cash equivalents</label>
    <label xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Increase/(decrease) in cash and cash equivalents</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:to="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:label="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:type="locator"/>
    <label xlink:label="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:to="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted Cash</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy" xlink:label="us-gaap_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy" xlink:type="locator"/>
    <label xlink:label="us-gaap_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy" xlink:to="us-gaap_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_CashAndCashEquivalentsUnrestrictedCashAndCashEquivalentsPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndDueFromBanks" xlink:label="us-gaap_CashAndDueFromBanks" xlink:type="locator"/>
    <label xlink:label="us-gaap_CashAndDueFromBanks_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_CashAndDueFromBanks" xlink:to="us-gaap_CashAndDueFromBanks_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_CashAndDueFromBanks_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash on hand and at banks</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashDivestedFromDeconsolidation" xlink:label="us-gaap_CashDivestedFromDeconsolidation" xlink:type="locator"/>
    <label xlink:label="us-gaap_CashDivestedFromDeconsolidation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_CashDivestedFromDeconsolidation" xlink:to="us-gaap_CashDivestedFromDeconsolidation_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_CashDivestedFromDeconsolidation_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Deconsolidation of Navios Acquisition</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:label="us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:type="locator"/>
    <label xlink:label="us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:to="us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends from affiliates/associates</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashEquivalentsAtCarryingValue" xlink:type="locator"/>
    <label xlink:label="us-gaap_CashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_CashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashEquivalentsAtCarryingValue_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_CashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term deposits and highly liquid funds</label>
    <label xlink:label="us-gaap_CashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cash on hand and at banks</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Cash" xlink:label="us-gaap_Cash" xlink:type="locator"/>
    <label xlink:label="us-gaap_Cash_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Cash" xlink:to="us-gaap_Cash_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_Cash_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash on hand and at banks</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ChangeInAccountingPrincipleMember" xlink:label="us-gaap_ChangeInAccountingPrincipleMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_ChangeInAccountingPrincipleMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ChangeInAccountingPrincipleMember" xlink:to="us-gaap_ChangeInAccountingPrincipleMember_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="us-gaap_ClassOfStockDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_ClassOfStockDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_ClassOfStockDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CollateralAxis" xlink:label="us-gaap_CollateralAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_CollateralAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Collateral [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CollateralAxis" xlink:to="us-gaap_CollateralAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CollateralDomain" xlink:label="us-gaap_CollateralDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_CollateralDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Collateral [Domain]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CollateralPledgedMember" xlink:label="us-gaap_CollateralPledgedMember" xlink:type="locator"/>
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    <label xlink:label="us-gaap_ConsolidationItemsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidation Items [Axis]</label>
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    <label xlink:label="us-gaap_ConsolidationItemsDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidation Items [Domain]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent" xlink:label="us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent" xlink:type="locator"/>
    <label xlink:label="us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent" xlink:to="us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of noncontrolling interests of joint venture</label>
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    <label xlink:label="us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Repurchase Of Shares By Subsidiary</label>
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    <label xlink:label="us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Navios Logistics acquisition of noncontrolling interest (Note 21)</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="us-gaap_ConsolidationPolicyTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_ConsolidationPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ConsolidationPolicyTextBlock" xlink:to="us-gaap_ConsolidationPolicyTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ConsolidationPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Principles of Consolidation</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConstructionInProgressGross" xlink:label="us-gaap_ConstructionInProgressGross" xlink:type="locator"/>
    <label xlink:label="us-gaap_ConstructionInProgressGross_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ConstructionInProgressGross" xlink:to="us-gaap_ConstructionInProgressGross_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ConstructionInProgressGross_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposits for vessels, port terminals and other fixed assets</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear" xlink:label="us-gaap_ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear" xlink:type="locator"/>
    <label xlink:label="us-gaap_ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear" xlink:to="us-gaap_ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ContractsReceivableClaimsAndUncertainAmountsExpectedToBeCollectedWithinOneYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Claims receivable</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractualObligationDueInNextTwelveMonths" xlink:label="us-gaap_ContractualObligationDueInNextTwelveMonths" xlink:type="locator"/>
    <label xlink:label="us-gaap_ContractualObligationDueInNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ContractualObligationDueInNextTwelveMonths" xlink:to="us-gaap_ContractualObligationDueInNextTwelveMonths_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ContractualObligationDueInNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2016</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractualObligationDueInSecondYear" xlink:label="us-gaap_ContractualObligationDueInSecondYear" xlink:type="locator"/>
    <label xlink:label="us-gaap_ContractualObligationDueInSecondYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ContractualObligationDueInSecondYear" xlink:to="us-gaap_ContractualObligationDueInSecondYear_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ContractualObligationDueInSecondYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2017</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractualObligationDueInThirdYear" xlink:label="us-gaap_ContractualObligationDueInThirdYear" xlink:type="locator"/>
    <label xlink:label="us-gaap_ContractualObligationDueInThirdYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ContractualObligationDueInThirdYear" xlink:to="us-gaap_ContractualObligationDueInThirdYear_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ContractualObligationDueInThirdYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">December 31, 2017</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractualObligationFiscalYearMaturityScheduleTableTextBlock" xlink:label="us-gaap_ContractualObligationFiscalYearMaturityScheduleTableTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_ContractualObligationFiscalYearMaturityScheduleTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractual Obligation Fiscal Year Maturity Schedule [Table Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ContractualObligationFiscalYearMaturityScheduleTableTextBlock" xlink:to="us-gaap_ContractualObligationFiscalYearMaturityScheduleTableTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ContractualObligationFiscalYearMaturityScheduleTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contractual obligations table</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractualObligation" xlink:label="us-gaap_ContractualObligation" xlink:type="locator"/>
    <label xlink:label="us-gaap_ContractualObligation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractual Obligation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ContractualObligation" xlink:to="us-gaap_ContractualObligation_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ContractualObligation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total purchase price</label>
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    <label xlink:label="us-gaap_ConversionOfStockSharesConverted1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Conversion of Stock, Shares Converted</label>
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    <label xlink:label="us-gaap_ConversionOfStockSharesConverted1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Conversion of Stock, Shares converted</label>
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    <label xlink:label="us-gaap_ConversionOfStockSharesIssued1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Conversion of preferred stock to common stock (Note 16), shares</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConvertibleDebtMember" xlink:label="us-gaap_ConvertibleDebtMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_ConvertibleDebtMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Debt [Member]</label>
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    <label xlink:label="us-gaap_ConvertibleDebtMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible debt</label>
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    <label xlink:label="us-gaap_ConvertiblePreferredStockConvertedToOtherSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ConvertiblePreferredStockConvertedToOtherSecurities" xlink:to="us-gaap_ConvertiblePreferredStockConvertedToOtherSecurities_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ConvertiblePreferredStockConvertedToOtherSecurities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Conversion of preferred stock to common stock (Note 16), values</label>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConvertiblePreferredStockConvertedToOtherSecurities" xlink:title="label: ConvertiblePreferredStockConvertedToOtherSecurities to label_ConvertiblePreferredStockConvertedToOtherSecurities" xlink:to="label_ConvertiblePreferredStockConvertedToOtherSecurities" xlink:type="arc"/>
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    <label xlink:label="us-gaap_ConvertiblePreferredStockTermsOfConversion_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock Terms Of Conversion</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CostOfRevenue" xlink:label="us-gaap_CostOfRevenue" xlink:type="locator"/>
    <label xlink:label="us-gaap_CostOfRevenue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_CostOfRevenue" xlink:to="us-gaap_CostOfRevenue_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_CostOfRevenue_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Time charter, voyage and logistics business expenses</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="us-gaap_CreditFacilityAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_CreditFacilityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Facility [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditFacilityAxis" xlink:to="us-gaap_CreditFacilityAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="us-gaap_CreditFacilityDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_CreditFacilityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Facility [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditFacilityDomain" xlink:to="us-gaap_CreditFacilityDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CustomerConcentrationRiskMember" xlink:label="us-gaap_CustomerConcentrationRiskMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_CustomerConcentrationRiskMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_CustomerConcentrationRiskMember" xlink:to="us-gaap_CustomerConcentrationRiskMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_CustomerConcentrationRiskMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Customer 1</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CustomerRelationshipsMember" xlink:label="us-gaap_CustomerRelationshipsMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_CustomerRelationshipsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Customer Relationships [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CustomerRelationshipsMember" xlink:to="us-gaap_CustomerRelationshipsMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_CustomerRelationshipsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Customer relationships</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="us-gaap_DebtDisclosureAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">BORROWINGS [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtDisclosureAbstract" xlink:to="us-gaap_DebtDisclosureAbstract_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="us-gaap_DebtDisclosureTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtDisclosureTextBlock" xlink:to="us-gaap_DebtDisclosureTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">BORROWINGS</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:to="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan margin percentage</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="us-gaap_DebtInstrumentCarryingAmount" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentCarryingAmount" xlink:to="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total borrowings</label>
    <label xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentConvertibleConversionPrice1" xlink:label="us-gaap_DebtInstrumentConvertibleConversionPrice1" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentConvertibleConversionPrice1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentConvertibleConversionPrice1" xlink:to="us-gaap_DebtInstrumentConvertibleConversionPrice1_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtInstrumentConvertibleConversionPrice1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercisable price per share</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentCovenantDescription" xlink:label="us-gaap_DebtInstrumentCovenantDescription" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentCovenantDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentCovenantDescription" xlink:to="us-gaap_DebtInstrumentCovenantDescription_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtInstrumentCovenantDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Covenant description</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" xlink:label="us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentDescriptionOfVariableRateBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" xlink:to="us-gaap_DebtInstrumentDescriptionOfVariableRateBasis_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtInstrumentDescriptionOfVariableRateBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Variable rate basis</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="us-gaap_DebtInstrumentFaceAmount" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentFaceAmount" xlink:to="us-gaap_DebtInstrumentFaceAmount_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Face amount at issuance date</label>
    <label xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Face amount of credit facility</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:to="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fixed interest rate</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentInterestRateTerms" xlink:label="us-gaap_DebtInstrumentInterestRateTerms" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentInterestRateTerms_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentInterestRateTerms" xlink:to="us-gaap_DebtInstrumentInterestRateTerms_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtInstrumentInterestRateTerms_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Rate</label>
    <label xlink:label="us-gaap_DebtInstrumentInterestRateTerms_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Spread on variable rate basis</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentIssuanceDate1" xlink:label="us-gaap_DebtInstrumentIssuanceDate1" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentIssuanceDate1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentIssuanceDate1" xlink:to="us-gaap_DebtInstrumentIssuanceDate1_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtInstrumentIssuanceDate1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issuance date/Date of agreement</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="us-gaap_DebtInstrumentLineItems" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_DebtInstrumentLineItems_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentMaturityDate" xlink:label="us-gaap_DebtInstrumentMaturityDate" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentMaturityDate" xlink:to="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maturity date</label>
    <label xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Debt instrument maturity date</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentPaymentTerms" xlink:label="us-gaap_DebtInstrumentPaymentTerms" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentPaymentTerms_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentPaymentTerms" xlink:to="us-gaap_DebtInstrumentPaymentTerms_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtInstrumentPaymentTerms_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument Payment Terms</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:label="us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:to="us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Balloon payment on the last repayment date</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentPeriodicPayment" xlink:label="us-gaap_DebtInstrumentPeriodicPayment" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentPeriodicPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentPeriodicPayment" xlink:to="us-gaap_DebtInstrumentPeriodicPayment_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtInstrumentPeriodicPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repayment amount</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodAxis" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentRedemptionPeriodAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentRedemptionPeriodAxis" xlink:to="us-gaap_DebtInstrumentRedemptionPeriodAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentRedemptionPeriodDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:to="us-gaap_DebtInstrumentRedemptionPeriodDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodOneMember" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodOneMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentRedemptionPeriodOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentRedemptionPeriodOneMember" xlink:to="us-gaap_DebtInstrumentRedemptionPeriodOneMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtInstrumentRedemptionPeriodOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">From issuance date to April 30, 2017</label>
    <label xlink:label="us-gaap_DebtInstrumentRedemptionPeriodOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">First 5 installments</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodTwoMember" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodTwoMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentRedemptionPeriodTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentRedemptionPeriodTwoMember" xlink:to="us-gaap_DebtInstrumentRedemptionPeriodTwoMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtInstrumentRedemptionPeriodTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">On or after May 1, 2017</label>
    <label xlink:label="us-gaap_DebtInstrumentRedemptionPeriodTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">From 6th to 22nd installment</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed" xlink:label="us-gaap_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed" xlink:to="us-gaap_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of principal amount redeemed</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentRedemptionPricePercentage" xlink:label="us-gaap_DebtInstrumentRedemptionPricePercentage" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentRedemptionPricePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentRedemptionPricePercentage" xlink:to="us-gaap_DebtInstrumentRedemptionPricePercentage_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtInstrumentRedemptionPricePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Redemption price percentage</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="us-gaap_DebtInstrumentTable" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument [Table]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentTable" xlink:to="us-gaap_DebtInstrumentTable_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscount" xlink:label="us-gaap_DebtInstrumentUnamortizedDiscount" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentUnamortizedDiscount_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentUnamortizedDiscount" xlink:to="us-gaap_DebtInstrumentUnamortizedDiscount_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtInstrumentUnamortizedDiscount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less: unamortized discount</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentUnamortizedPremium" xlink:label="us-gaap_DebtInstrumentUnamortizedPremium" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtInstrumentUnamortizedPremium_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtInstrumentUnamortizedPremium" xlink:to="us-gaap_DebtInstrumentUnamortizedPremium_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtInstrumentUnamortizedPremium_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Plus: unamortized premium</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction" xlink:label="us-gaap_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction" xlink:to="us-gaap_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Debt issuance costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtLongtermAndShorttermCombinedAmount" xlink:label="us-gaap_DebtLongtermAndShorttermCombinedAmount" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtLongtermAndShorttermCombinedAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtLongtermAndShorttermCombinedAmount" xlink:to="us-gaap_DebtLongtermAndShorttermCombinedAmount_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtLongtermAndShorttermCombinedAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total</label>
    <label xlink:label="us-gaap_DebtLongtermAndShorttermCombinedAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total borrowings</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtPolicyTextBlock" xlink:label="us-gaap_DebtPolicyTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtPolicyTextBlock" xlink:to="us-gaap_DebtPolicyTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Financing Costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xlink:label="us-gaap_DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtRelatedCommitmentFeesAndDebtIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xlink:to="us-gaap_DebtRelatedCommitmentFeesAndDebtIssuanceCosts_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtRelatedCommitmentFeesAndDebtIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization of finance charges</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtWeightedAverageInterestRate" xlink:label="us-gaap_DebtWeightedAverageInterestRate" xlink:type="locator"/>
    <label xlink:label="us-gaap_DebtWeightedAverageInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DebtWeightedAverageInterestRate" xlink:to="us-gaap_DebtWeightedAverageInterestRate_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DebtWeightedAverageInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Annual weighted average interest rate</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredChargesPolicyTextBlock" xlink:label="us-gaap_DeferredChargesPolicyTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_DeferredChargesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DeferredChargesPolicyTextBlock" xlink:to="us-gaap_DeferredChargesPolicyTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DeferredChargesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Drydock and Special Survey Costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredCostsAndOtherAssets" xlink:label="us-gaap_DeferredCostsAndOtherAssets" xlink:type="locator"/>
    <label xlink:label="us-gaap_DeferredCostsAndOtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DeferredCostsAndOtherAssets" xlink:to="us-gaap_DeferredCostsAndOtherAssets_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DeferredCostsAndOtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred dry dock and special survey costs, net</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:label="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:to="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:label="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:to="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PREPAID EXPENSES AND OTHER CURRENT ASSETS</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredCosts" xlink:label="us-gaap_DeferredCosts" xlink:type="locator"/>
    <label xlink:label="us-gaap_DeferredCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DeferredCosts" xlink:to="us-gaap_DeferredCosts_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredFinanceCostsNoncurrentNet" xlink:label="us-gaap_DeferredFinanceCostsNoncurrentNet" xlink:type="locator"/>
    <label xlink:label="us-gaap_DeferredFinanceCostsNoncurrentNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DeferredFinanceCostsNoncurrentNet" xlink:to="us-gaap_DeferredFinanceCostsNoncurrentNet_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DeferredFinanceCostsNoncurrentNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less: deferred finance costs, net</label>
    <label xlink:label="us-gaap_DeferredFinanceCostsNoncurrentNet_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less: deferred finance costs, net</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredGainOnSaleOfProperty" xlink:label="us-gaap_DeferredGainOnSaleOfProperty" xlink:type="locator"/>
    <label xlink:label="us-gaap_DeferredGainOnSaleOfProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DeferredGainOnSaleOfProperty" xlink:to="us-gaap_DeferredGainOnSaleOfProperty_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DeferredGainOnSaleOfProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unamortized deferred gain</label>
    <label xlink:label="us-gaap_DeferredGainOnSaleOfProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Unamortized deferred gain for vessels and rights sold</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredRevenueAndCreditsCurrent" xlink:label="us-gaap_DeferredRevenueAndCreditsCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_DeferredRevenueAndCreditsCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DeferredRevenueAndCreditsCurrent" xlink:to="us-gaap_DeferredRevenueAndCreditsCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DeferredRevenueAndCreditsCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred income and cash received in advance</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredRevenueAndCreditsNoncurrent" xlink:label="us-gaap_DeferredRevenueAndCreditsNoncurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_DeferredRevenueAndCreditsNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" 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="us-gaap_DeferredRevenueAndCreditsNoncurrent" xlink:to="us-gaap_DeferredRevenueAndCreditsNoncurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DeferredRevenueAndCreditsNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other long term liabilities and deferred income</label>
    <label xlink:label="us-gaap_DeferredRevenueAndCreditsNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash received in advance</label>
    <label xlink:label="us-gaap_DeferredRevenueAndCreditsNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other long-term liabilities (including related party) and deferred income</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_DeferredTaxLiabilitiesNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax liability</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:to="us-gaap_DeferredTaxLiabilitiesNoncurrent_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanContributionsByEmployer" xlink:label="us-gaap_DefinedBenefitPlanContributionsByEmployer" xlink:type="locator"/>
    <label xlink:label="us-gaap_DefinedBenefitPlanContributionsByEmployer_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DefinedBenefitPlanContributionsByEmployer" xlink:to="us-gaap_DefinedBenefitPlanContributionsByEmployer_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DefinedBenefitPlanContributionsByEmployer_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Company's contributions to employee saving plan</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanFundedPercentage" xlink:label="us-gaap_DefinedBenefitPlanFundedPercentage" xlink:type="locator"/>
    <label xlink:label="us-gaap_DefinedBenefitPlanFundedPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DefinedBenefitPlanFundedPercentage" xlink:to="us-gaap_DefinedBenefitPlanFundedPercentage_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis" xlink:label="us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plans and Other Postretirement Benefit Plans [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis" xlink:to="us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlansDomain" xlink:label="us-gaap_DefinedBenefitPlansDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_DefinedBenefitPlansDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan and Other Postretirement Benefit Plan [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlansDomain" xlink:to="us-gaap_DefinedBenefitPlansDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedContributionPlanEmployerDiscretionaryContributionAmount" xlink:label="us-gaap_DefinedContributionPlanEmployerDiscretionaryContributionAmount" xlink:type="locator"/>
    <label xlink:label="us-gaap_DefinedContributionPlanEmployerDiscretionaryContributionAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DefinedContributionPlanEmployerDiscretionaryContributionAmount" xlink:to="us-gaap_DefinedContributionPlanEmployerDiscretionaryContributionAmount_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DefinedContributionPlanEmployerDiscretionaryContributionAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Discretionary contribution</label>
    <label xlink:label="us-gaap_DefinedContributionPlanEmployerDiscretionaryContributionAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Discretionary company's contribition to employee saving plan</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="us-gaap_DepreciationAndAmortization" xlink:type="locator"/>
    <label xlink:label="us-gaap_DepreciationAndAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationAndAmortization" xlink:to="us-gaap_DepreciationAndAmortization_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DepreciationAndAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</label>
    <label xlink:label="us-gaap_DepreciationAndAmortization_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Depreciation" xlink:label="us-gaap_Depreciation" xlink:type="locator"/>
    <label xlink:label="us-gaap_Depreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Depreciation" xlink:to="us-gaap_Depreciation_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_Depreciation_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Additions</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeAssetsCurrent" xlink:label="us-gaap_DerivativeAssetsCurrent" xlink:type="locator"/>
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    <label xlink:label="us-gaap_DerivativeAssetsCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forward Freight Agreements, net</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:label="us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:type="locator"/>
    <label xlink:label="us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:to="us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeAssetsNoncurrent" xlink:label="us-gaap_DerivativeAssetsNoncurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_DerivativeAssetsNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DerivativeAssetsNoncurrent" xlink:to="us-gaap_DerivativeAssetsNoncurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DerivativeAssetsNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long term FFA derivative assets</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="us-gaap_DerivativeAssets" xlink:type="locator"/>
    <label xlink:label="us-gaap_DerivativeAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeAssets" xlink:to="us-gaap_DerivativeAssets_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DerivativeAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FFAs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeByNatureAxis" xlink:label="us-gaap_DerivativeByNatureAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_DerivativeByNatureAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, by Nature [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeByNatureAxis" xlink:to="us-gaap_DerivativeByNatureAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimCash" xlink:label="us-gaap_DerivativeCollateralRightToReclaimCash" xlink:type="locator"/>
    <label xlink:label="us-gaap_DerivativeCollateralRightToReclaimCash_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DerivativeCollateralRightToReclaimCash" xlink:to="us-gaap_DerivativeCollateralRightToReclaimCash_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DerivativeCollateralRightToReclaimCash_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">LCH FFAs portion of fair value transferred to LCH derivative account</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral" xlink:label="us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral" xlink:type="locator"/>
    <label xlink:label="us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral" xlink:to="us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FFAs</label>
    <label xlink:label="us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Short term FFA derivative assets</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeNetAbstract" xlink:label="us-gaap_DerivativeFairValueOfDerivativeNetAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_DerivativeFairValueOfDerivativeNetAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FAIR VALUE OF FINANCIAL INSTRUMENTS [abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeFairValueOfDerivativeNetAbstract" xlink:to="us-gaap_DerivativeFairValueOfDerivativeNetAbstract_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="us-gaap_DerivativeLineItems" xlink:type="locator"/>
    <label xlink:label="us-gaap_DerivativeLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLineItems" xlink:to="us-gaap_DerivativeLineItems_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeLossOnDerivative" xlink:label="us-gaap_DerivativeLossOnDerivative" xlink:type="locator"/>
    <label xlink:label="us-gaap_DerivativeLossOnDerivative_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DerivativeLossOnDerivative" xlink:to="us-gaap_DerivativeLossOnDerivative_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DerivativeLossOnDerivative_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net losses on FFA's derivatives</label>
    <label xlink:label="us-gaap_DerivativeLossOnDerivative_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Loss on derivatives</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeNameDomain" xlink:label="us-gaap_DerivativeNameDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_DerivativeNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Name [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeNameDomain" xlink:to="us-gaap_DerivativeNameDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeTable" xlink:label="us-gaap_DerivativeTable" xlink:type="locator"/>
    <label xlink:label="us-gaap_DerivativeTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative [Table]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeTable" xlink:to="us-gaap_DerivativeTable_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativesAndFairValueTextBlock" xlink:label="us-gaap_DerivativesAndFairValueTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_DerivativesAndFairValueTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DerivativesAndFairValueTextBlock" xlink:to="us-gaap_DerivativesAndFairValueTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DerivativesAndFairValueTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FAIR VALUE OF FINANCIAL INSTRUMENTS</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativesPolicyTextBlock" xlink:label="us-gaap_DerivativesPolicyTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_DerivativesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DerivativesPolicyTextBlock" xlink:to="us-gaap_DerivativesPolicyTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DerivativesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial Instruments</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans" xlink:label="us-gaap_DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans" xlink:type="locator"/>
    <label xlink:label="us-gaap_DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans" xlink:to="us-gaap_DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Description of defined contribution pension and other postretirement plans</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DirectOperatingCosts" xlink:label="us-gaap_DirectOperatingCosts" xlink:type="locator"/>
    <label xlink:label="us-gaap_DirectOperatingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Direct vessel expenses</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DirectOperatingCosts" xlink:to="us-gaap_DirectOperatingCosts_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DirectOperatingCosts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Direct vessel expenses</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock" xlink:label="us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock" xlink:to="us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of stock based awards</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DisposalDate1" xlink:label="us-gaap_DisposalDate1" xlink:type="locator"/>
    <label xlink:label="us-gaap_DisposalDate1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disposal Date1</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalDate1" xlink:to="us-gaap_DisposalDate1_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DisposalDate1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Date of deconsolidation of Navios Acquisition</label>
    <label xlink:label="us-gaap_DisposalDate1_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Disposal date</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DividendPaidMember" xlink:label="us-gaap_DividendPaidMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_DividendPaidMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividend Paid [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendPaidMember" xlink:to="us-gaap_DividendPaidMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DividendPaidMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividend paid</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DividendPayableDateToBePaidDayMonthAndYear" xlink:label="us-gaap_DividendPayableDateToBePaidDayMonthAndYear" xlink:type="locator"/>
    <label xlink:label="us-gaap_DividendPayableDateToBePaidDayMonthAndYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DividendPayableDateToBePaidDayMonthAndYear" xlink:to="us-gaap_DividendPayableDateToBePaidDayMonthAndYear_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DividendPayableDateToBePaidDayMonthAndYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividend payment date</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:label="us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_DividendsPayableCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:to="us-gaap_DividendsPayableCurrentAndNoncurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DividendsPayableCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends payable</label>
    <label xlink:label="us-gaap_DividendsPayableCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Dividends</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DividendsPayableCurrent" xlink:label="us-gaap_DividendsPayableCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_DividendsPayableCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends Payable, Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPayableCurrent" xlink:to="us-gaap_DividendsPayableCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DividendsPayableCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends</label>
    <label xlink:label="us-gaap_DividendsPayableCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Dividends payable</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DividendsPayableDateOfRecordDayMonthAndYear" xlink:label="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear" xlink:type="locator"/>
    <label xlink:label="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear" xlink:to="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividend record date</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="us-gaap_DividendsPreferredStock" xlink:type="locator"/>
    <label xlink:label="us-gaap_DividendsPreferredStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends Preferred Stock</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPreferredStock" xlink:to="us-gaap_DividendsPreferredStock_lbl" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DueToAffiliateCurrent" xlink:label="us-gaap_DueToAffiliateCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_DueToAffiliateCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Due To Affiliate Current</label>
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    <label xlink:label="us-gaap_DueToAffiliateCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Due to affiliate companies</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarlyRepaymentOfSeniorDebt" xlink:label="us-gaap_EarlyRepaymentOfSeniorDebt" xlink:type="locator"/>
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    <label xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ownership percentage of Navios Holdings</label>
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    <label xlink:label="us-gaap_EquityMethodInvestmentQuotedMarketValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investment, Quoted Market Value</label>
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    <label xlink:label="us-gaap_EquityMethodInvestmentQuotedMarketValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Market value of the investment</label>
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    <label xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OTHER FINANCIAL INFORMATION [Abstract]</label>
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    <label xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investment Summarized Financial Information Current Assets</label>
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    <label xlink:label="us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net income/(loss)</label>
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    <label xlink:label="us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">INVESTMENTS IN AFFILIATES [Abstract]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EuropeMember" xlink:label="us-gaap_EuropeMember" xlink:type="locator"/>
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    <label xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:type="locator"/>
    <label xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Table]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value assets and liabilities measured on recurring basis</label>
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    <label xlink:label="us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Assets Measured On Nonrecurring Basis Valuation Techniques [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock" xlink:to="us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock_lbl" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssumptionsExpectedDividendPayments" xlink:label="us-gaap_FairValueAssumptionsExpectedDividendPayments" xlink:type="locator"/>
    <label xlink:label="us-gaap_FairValueAssumptionsExpectedDividendPayments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Assumptions Expected Dividend Payments</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssumptionsExpectedDividendPayments" xlink:to="us-gaap_FairValueAssumptionsExpectedDividendPayments_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_FairValueAssumptionsExpectedDividendPayments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected dividend assumption</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:label="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:type="locator"/>
    <label xlink:label="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:to="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTable" xlink:label="us-gaap_FairValueByBalanceSheetGroupingTable" xlink:type="locator"/>
    <label xlink:label="us-gaap_FairValueByBalanceSheetGroupingTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value By Balance Sheet Grouping [Table]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByBalanceSheetGroupingTable" xlink:to="us-gaap_FairValueByBalanceSheetGroupingTable_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:label="us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_FairValueByBalanceSheetGroupingTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value By Balance Sheet Grouping[TableText Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:to="us-gaap_FairValueByBalanceSheetGroupingTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_FairValueByBalanceSheetGroupingTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of financial instruments</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value By Fair Value Hierarchy Level [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:to="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value levels</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:label="us-gaap_FairValueByMeasurementFrequencyAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_FairValueByMeasurementFrequencyAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Measurement Frequency [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByMeasurementFrequencyAxis" xlink:to="us-gaap_FairValueByMeasurementFrequencyAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:label="us-gaap_FairValueDisclosureItemAmountsDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_FairValueDisclosureItemAmountsDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Disclosure Item Amounts [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueDisclosureItemAmountsDomain" xlink:to="us-gaap_FairValueDisclosureItemAmountsDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="us-gaap_FairValueInputsLevel1Member" xlink:type="locator"/>
    <label xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Inputs Level1 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel1Member" xlink:to="us-gaap_FairValueInputsLevel1Member_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(Level I)</label>
    <label xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Quoted Prices in Active Markets for Identical Assets (Level I)</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="us-gaap_FairValueInputsLevel2Member" xlink:type="locator"/>
    <label xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Inputs Level2 [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel2Member" xlink:to="us-gaap_FairValueInputsLevel2Member_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(Level II)</label>
    <label xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Significant Other Observable Inputs (Level II)</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="us-gaap_FairValueInputsLevel3Member" xlink:type="locator"/>
    <label xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_FairValueInputsLevel3Member" xlink:to="us-gaap_FairValueInputsLevel3Member_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(Level III)</label>
    <label xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Significant Unobservable Inputs (Level III)</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="us-gaap_FairValueMeasurementFrequencyDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_FairValueMeasurementFrequencyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_FairValueMeasurementFrequencyDomain" xlink:to="us-gaap_FairValueMeasurementFrequencyDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurements Fair Value Hierarchy [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:to="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementsNonrecurringMember" xlink:label="us-gaap_FairValueMeasurementsNonrecurringMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_FairValueMeasurementsNonrecurringMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_FairValueMeasurementsNonrecurringMember" xlink:to="us-gaap_FairValueMeasurementsNonrecurringMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_FairValueMeasurementsNonrecurringMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value, Measurements, Nonrecurring</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:label="us-gaap_FairValueMeasurementsRecurringMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_FairValueMeasurementsRecurringMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Measurements, Recurring [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementsRecurringMember" xlink:to="us-gaap_FairValueMeasurementsRecurringMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_FairValueMeasurementsRecurringMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value, Measurements, Recurring</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:label="us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:type="locator"/>
    <label xlink:label="us-gaap_FairValueOfFinancialInstrumentsPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:to="us-gaap_FairValueOfFinancialInstrumentsPolicy_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_FairValueOfFinancialInstrumentsPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial Instruments and Fair Value</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FeesAndCommissions" xlink:label="us-gaap_FeesAndCommissions" xlink:type="locator"/>
    <label xlink:label="us-gaap_FeesAndCommissions_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fees and Commissions</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FeesAndCommissions" xlink:to="us-gaap_FeesAndCommissions_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_FeesAndCommissions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commissions paid</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsRiskManagementActivitiesMitigatingClaimLiabilitiesAccruedLiabilities" xlink:label="us-gaap_FinancialGuaranteeInsuranceContractsRiskManagementActivitiesMitigatingClaimLiabilitiesAccruedLiabilities" xlink:type="locator"/>
    <label xlink:label="us-gaap_FinancialGuaranteeInsuranceContractsRiskManagementActivitiesMitigatingClaimLiabilitiesAccruedLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Guarantee Insurance Contracts, Risk Management Activities, Mitigating Claim Liabilities, Accrued Liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialGuaranteeInsuranceContractsRiskManagementActivitiesMitigatingClaimLiabilitiesAccruedLiabilities" xlink:to="us-gaap_FinancialGuaranteeInsuranceContractsRiskManagementActivitiesMitigatingClaimLiabilitiesAccruedLiabilities_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_FinancialGuaranteeInsuranceContractsRiskManagementActivitiesMitigatingClaimLiabilitiesAccruedLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Partners Guarantee (Note 15)</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FinancialInstrumentAxis" xlink:label="us-gaap_FinancialInstrumentAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_FinancialInstrumentAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Instrument [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentAxis" xlink:to="us-gaap_FinancialInstrumentAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FinancialInstrumentsOwnedAtFairValueAbstract" xlink:label="us-gaap_FinancialInstrumentsOwnedAtFairValueAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_FinancialInstrumentsOwnedAtFairValueAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Instruments Owned At Fair Value [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentsOwnedAtFairValueAbstract" xlink:to="us-gaap_FinancialInstrumentsOwnedAtFairValueAbstract_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetUsefulLife" xlink:label="us-gaap_FiniteLivedIntangibleAssetUsefulLife" xlink:type="locator"/>
    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite Lived Intangible Asset Useful Life</label>
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    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization period in years</label>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Thereafter</label>
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    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_lbl" xlink:type="arc"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization expense</label>
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    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite Lived Intangible Assets Amortization Expense Year Five</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Year Five</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:type="locator"/>
    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite Lived Intangible Assets Amortization Expense Year Four</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Year Four</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:type="locator"/>
    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite Lived Intangible Assets Amortization Expense Year Three</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Year Three</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:type="locator"/>
    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite Lived Intangible Assets Amortization Expense Year Two</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Year Two</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationMethod" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationMethod" xlink:type="locator"/>
    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationMethod_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite lived intangible assets amortization method</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationMethod" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationMethod_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite Lived Intangible Assets By Major Class [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:to="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsGross" xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross" xlink:type="locator"/>
    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite Lived Intangible Assets Gross</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsGross" xlink:to="us-gaap_FiniteLivedIntangibleAssetsGross_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition Cost</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:label="us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:type="locator"/>
    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite Lived Intangible Assets [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:to="us-gaap_FiniteLivedIntangibleAssetsLineItems_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization period in years</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:to="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNetAbstract" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNetAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsNetAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">INTANGIBLE ASSETS/LIABILITIES OTHER THAN GOODWILL [Abstract]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet" xlink:type="locator"/>
    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible assets other than goodwill</label>
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    <label xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Goodwill and other intangibles</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ForeignCurrencyTransactionGainLossRealized" xlink:label="us-gaap_ForeignCurrencyTransactionGainLossRealized" xlink:type="locator"/>
    <label xlink:label="us-gaap_ForeignCurrencyTransactionGainLossRealized_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Currency Transaction Gain Loss Realized</label>
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    <label xlink:label="us-gaap_ForeignCurrencyTransactionGainLossRealized_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign currency exchange gains/(losses)</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:label="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Currency Translations [Policy Text Block]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ForwardContractsMember" xlink:label="us-gaap_ForwardContractsMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_ForwardContractsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forward Contracts [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForwardContractsMember" xlink:to="us-gaap_ForwardContractsMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ForwardContractsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forward Freight Agreements</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FreshStartAdjustmentIncreaseDecreaseCapitalLeaseObligationsNoncurrent" xlink:label="us-gaap_FreshStartAdjustmentIncreaseDecreaseCapitalLeaseObligationsNoncurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_FreshStartAdjustmentIncreaseDecreaseCapitalLeaseObligationsNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fresh Start Adjustment Increase Decrease Capital Lease Obligations Noncurrent</label>
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    <label xlink:label="us-gaap_GainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">(Loss)/gain on change in control</label>
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    <label xlink:label="us-gaap_GainOnBusinessInterruptionInsuranceRecovery_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain On Business Interruption Insurance Recovery</label>
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    <label xlink:label="us-gaap_GainsLossesOnExtinguishmentOfDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss on bond extinguishment</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="us-gaap_GeneralAndAdministrativeExpense" xlink:type="locator"/>
    <label xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">General and administrative expenses</label>
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    <label id="label_GeneralAndAdministrativeExpense" xlink:label="label_GeneralAndAdministrativeExpense" 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>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GeneralPartnerMember" xlink:label="us-gaap_GeneralPartnerMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_GeneralPartnerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">General Partner [Member]</label>
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    <label xlink:label="us-gaap_GeneralPartnersCapitalAccountUnitsOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">General Partners Capital Account Units Outstanding</label>
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    <label xlink:label="us-gaap_GeneralPartnersCapitalAccountUnitsOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">General Partner units held by Navios Holdings</label>
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    <label xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">INTANGIBLE ASSETS OTHER THAN GOODWILL [Abstract] xxx</label>
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    <label xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill And Intangible Assets Disclosure [Text Block]</label>
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    <label xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">INTANGIBLE ASSETS OTHER THAN GOODWILL</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsGoodwillPolicy" xlink:label="us-gaap_GoodwillAndIntangibleAssetsGoodwillPolicy" xlink:type="locator"/>
    <label xlink:label="us-gaap_GoodwillAndIntangibleAssetsGoodwillPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_GoodwillAndIntangibleAssetsGoodwillPolicy" xlink:to="us-gaap_GoodwillAndIntangibleAssetsGoodwillPolicy_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_GoodwillAndIntangibleAssetsGoodwillPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill and Other Intangibles</label>
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    <label xlink:label="us-gaap_Goodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill</label>
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    <label xlink:label="us-gaap_Goodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill on acquisition</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GuaranteeObligationsCurrentCarryingValue" xlink:label="us-gaap_GuaranteeObligationsCurrentCarryingValue" xlink:type="locator"/>
    <label xlink:label="us-gaap_GuaranteeObligationsCurrentCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">GuaranteeObligationsCurrentCarryingValue</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GuaranteeObligationsMaximumExposure" xlink:label="us-gaap_GuaranteeObligationsMaximumExposure" xlink:type="locator"/>
    <label xlink:label="us-gaap_GuaranteeObligationsMaximumExposure_lbl" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:type="resource" xml:lang="en-US">Maximum payout of company under Navios Partner's guarantee</label>
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    <label xlink:label="us-gaap_GuaranteeObligationsMaximumExposure_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Guarantee Obligations Maximum Exposure</label>
    <label xlink:label="us-gaap_GuaranteeObligationsMaximumExposure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum Payout Under Navios Partners Guarantee</label>
    <label xlink:label="us-gaap_GuaranteeObligationsMaximumExposure_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Guarantee and indemnity letter</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GuaranteesTextBlock" xlink:label="us-gaap_GuaranteesTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_GuaranteesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Guarantees [TextBlock]</label>
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    <label xlink:label="us-gaap_GuaranteesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Guarantees</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GuarantorSubsidiariesMember" xlink:label="us-gaap_GuarantorSubsidiariesMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_GuarantorSubsidiariesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Guarantor Subsidiaries [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GuarantorSubsidiariesMember" xlink:to="us-gaap_GuarantorSubsidiariesMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_GuarantorSubsidiariesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Guarantor Subsidiaries</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock" xlink:label="us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock" xlink:type="locator"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock" xlink:to="us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_lbl" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:type="locator"/>
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    <label xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income before taxes</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:type="locator"/>
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    <label xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Loss before equity in net earnings of affiliated companies</label>
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    <label xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred gain recognized in Statement of Comprehensive Income</label>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:title="label: IncomeLossFromEquityMethodInvestments to label_IncomeLossFromEquityMethodInvestments" xlink:to="label_IncomeLossFromEquityMethodInvestments_2" xlink:type="arc"/>
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    <label xlink:label="us-gaap_IncomeLossFromSubsidiariesBeforeTax_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Loss From Subsidiaries Before Tax</label>
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    <label xlink:label="us-gaap_IncomeLossFromSubsidiariesBeforeTax_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income/(loss) from subsidiaries</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="us-gaap_IncomeStatementAbstract" xlink:type="locator"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeStatementAbstract_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_IncomeStatementAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Statement</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="us-gaap_IncomeStatementLocationAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncomeStatementLocationAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement Location [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementLocationAxis" xlink:to="us-gaap_IncomeStatementLocationAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="us-gaap_IncomeStatementLocationDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncomeStatementLocationDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement Location [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementLocationDomain" xlink:to="us-gaap_IncomeStatementLocationDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxAuthorityAxis" xlink:label="us-gaap_IncomeTaxAuthorityAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncomeTaxAuthorityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">IncomeTax Authority [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxAuthorityAxis" xlink:to="us-gaap_IncomeTaxAuthorityAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxAuthorityDomain" xlink:label="us-gaap_IncomeTaxAuthorityDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncomeTaxAuthorityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Authority [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxAuthorityDomain" xlink:to="us-gaap_IncomeTaxAuthorityDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="us-gaap_IncomeTaxDisclosureAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncomeTaxDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">INCOME TAXES [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxDisclosureAbstract" xlink:to="us-gaap_IncomeTaxDisclosureAbstract_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncomeTaxDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">INCOME TAXES [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxDisclosureTextBlock" xlink:to="us-gaap_IncomeTaxDisclosureTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_IncomeTaxDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">INCOME TAXES</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="us-gaap_IncomeTaxExpenseBenefit" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:type="resource" xml:lang="en-US">One-off income tax benefit in deferred income tax</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefit" xlink:to="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income tax expense</label>
    <label xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income tax expense/ (benefit)</label>
    <label xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Income tax benefit/ (expense)</label>
    <label xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Income tax (expense)/ benefit</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxPolicyTextBlock" xlink:label="us-gaap_IncomeTaxPolicyTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Taxes [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxPolicyTextBlock" xlink:to="us-gaap_IncomeTaxPolicyTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Taxes</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="us-gaap_IncomeTaxesPaidNet" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncomeTaxesPaidNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_IncomeTaxesPaidNet" xlink:to="us-gaap_IncomeTaxesPaidNet_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_IncreaseDecreaseInAccountsPayable" xlink:to="us-gaap_IncreaseDecreaseInAccountsPayable_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase in accounts payable</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties" xlink:to="us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Decrease/(increase) in long-term receivable from affiliate companies</label>
    <label xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Decrease in long-term receivable from affiliate companies</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Decrease In Accounts Receivable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:to="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Decrease/ (increase) in accounts receivable</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet" xlink:label="us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Decrease In Accrued Interest Receivable Net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet" xlink:to="us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued interest on loan receivable from affiliate company</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:label="us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncreaseDecreaseInAccruedLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:to="us-gaap_IncreaseDecreaseInAccruedLiabilities_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_IncreaseDecreaseInAccruedLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(Decrease)/ increase in accrued expenses and other liabilities</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredCharges" xlink:label="us-gaap_IncreaseDecreaseInDeferredCharges" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncreaseDecreaseInDeferredCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Decrease In Deferred Charges</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDeferredCharges" xlink:to="us-gaap_IncreaseDecreaseInDeferredCharges_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_IncreaseDecreaseInDeferredCharges_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Payments for drydock and special survey costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredRevenue" xlink:label="us-gaap_IncreaseDecreaseInDeferredRevenue" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncreaseDecreaseInDeferredRevenue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase / Decrease in deferred income</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDeferredRevenue" xlink:to="us-gaap_IncreaseDecreaseInDeferredRevenue_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_IncreaseDecreaseInDeferredRevenue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(Decrease)/ increase in deferred income and cash received in advance</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInDerivativeAssetsAndLiabilities" xlink:label="us-gaap_IncreaseDecreaseInDerivativeAssetsAndLiabilities" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncreaseDecreaseInDerivativeAssetsAndLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Decrease In Derivative Assets And Liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDerivativeAssetsAndLiabilities" xlink:to="us-gaap_IncreaseDecreaseInDerivativeAssetsAndLiabilities_lbl" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInDueFromAffiliatesCurrent" xlink:label="us-gaap_IncreaseDecreaseInDueFromAffiliatesCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncreaseDecreaseInDueFromAffiliatesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase in due from affiliate companies</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDueFromAffiliatesCurrent" xlink:to="us-gaap_IncreaseDecreaseInDueFromAffiliatesCurrent_lbl" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent" xlink:label="us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Decrease In Due From Related Parties Current</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:label="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:type="locator"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities" xlink:label="us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Decrease In Restricted Cash For Operating Activities</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInRestrictedCash" xlink:label="us-gaap_IncreaseDecreaseInRestrictedCash" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncreaseDecreaseInRestrictedCash_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_IncreaseDecreaseInRestrictedCash" xlink:to="us-gaap_IncreaseDecreaseInRestrictedCash_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_IncreaseDecreaseInRestrictedCash_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Decrease in restricted cash</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock" xlink:label="us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock" xlink:to="us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock_lbl" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:label="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:type="locator"/>
    <label xlink:label="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:to="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_lbl" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InsuranceRecoveries" xlink:label="us-gaap_InsuranceRecoveries" xlink:type="locator"/>
    <label xlink:label="us-gaap_InsuranceRecoveries_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance recoveries</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IntangibleAssetsDisclosureTextBlock" xlink:label="us-gaap_IntangibleAssetsDisclosureTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_IntangibleAssetsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_IntangibleAssetsDisclosureTextBlock" xlink:to="us-gaap_IntangibleAssetsDisclosureTextBlock_lbl" xlink:type="arc"/>
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    <label xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible Assets Net Excluding Goodwill</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:to="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net Book Value</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IntangibleAssetsNetIncludingGoodwill" xlink:label="us-gaap_IntangibleAssetsNetIncludingGoodwill" xlink:type="locator"/>
    <label xlink:label="us-gaap_IntangibleAssetsNetIncludingGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible Assets Net Including Goodwill</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IntangibleAssetsNetIncludingGoodwill" xlink:to="us-gaap_IntangibleAssetsNetIncludingGoodwill_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_IntangibleAssetsNetIncludingGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill and other intangibles</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestAndDebtExpense" xlink:label="us-gaap_InterestAndDebtExpense" xlink:type="locator"/>
    <label xlink:label="us-gaap_InterestAndDebtExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_InterestAndDebtExpense" xlink:to="us-gaap_InterestAndDebtExpense_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_InterestAndDebtExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Interest expense and finance cost</label>
    <label xlink:label="us-gaap_InterestAndDebtExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Interest expense and finance cost, net</label>
    <label xlink:label="us-gaap_InterestAndDebtExpense_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest expense and finance cost</label>
    <label xlink:label="us-gaap_InterestAndDebtExpense_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Interest income/expense and finance cost, net</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestBearingDepositsInBanks" xlink:label="us-gaap_InterestBearingDepositsInBanks" xlink:type="locator"/>
    <label xlink:label="us-gaap_InterestBearingDepositsInBanks_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_InterestBearingDepositsInBanks" xlink:to="us-gaap_InterestBearingDepositsInBanks_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_InterestBearingDepositsInBanks_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term deposits and highly liquid funds</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestCostsCapitalized" xlink:label="us-gaap_InterestCostsCapitalized" xlink:type="locator"/>
    <label xlink:label="us-gaap_InterestCostsCapitalized_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Costs Capitalized</label>
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    <label xlink:label="us-gaap_InterestExpenseDebtExcludingAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_InterestExpenseDebtExcludingAmortization" xlink:to="us-gaap_InterestExpenseDebtExcludingAmortization_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_InterestExpenseDebtExcludingAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest expense</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpenseDebt" xlink:label="us-gaap_InterestExpenseDebt" xlink:type="locator"/>
    <label xlink:label="us-gaap_InterestExpenseDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Expense Debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseDebt" xlink:to="us-gaap_InterestExpenseDebt_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_InterestExpenseDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Expense</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpenseOther" xlink:label="us-gaap_InterestExpenseOther" xlink:type="locator"/>
    <label xlink:label="us-gaap_InterestExpenseOther_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Expense Other</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseOther" xlink:to="us-gaap_InterestExpenseOther_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_InterestExpenseOther_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</label>
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    <label xlink:label="us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock" xlink:to="us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock_lbl" xlink:type="arc"/>
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    <label xlink:label="us-gaap_InterestIncomeExpenseNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_InterestIncomeExpenseNet" xlink:to="us-gaap_InterestIncomeExpenseNet_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_InterestIncomeExpenseNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest income/expense and finance cost, net</label>
    <label xlink:label="us-gaap_InterestIncomeExpenseNet_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest income/expense and finance cost, net</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="us-gaap_InterestPaidNet" xlink:type="locator"/>
    <label xlink:label="us-gaap_InterestPaidNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash paid for interest, net of capitalized interest</label>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsInAndAdvancesToAffiliatesLineItems" xlink:to="us-gaap_InvestmentsInAndAdvancesToAffiliatesLineItems_lbl" xlink:type="arc"/>
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    <label xlink:label="us-gaap_LandAndBuildingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Land and Building [Member]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="us-gaap_LiabilitiesCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_LiabilitiesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrent" xlink:to="us-gaap_LiabilitiesCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LiabilitiesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total current liabilities</label>
    <label xlink:label="us-gaap_LiabilitiesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total current liabilities</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesNoncurrent" xlink:label="us-gaap_LiabilitiesNoncurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_LiabilitiesNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesNoncurrent" xlink:to="us-gaap_LiabilitiesNoncurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LiabilitiesNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total non-current liabilities</label>
    <label xlink:label="us-gaap_LiabilitiesNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total non-current liabilities</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Liabilities" xlink:label="us-gaap_Liabilities" xlink:type="locator"/>
    <label xlink:label="us-gaap_Liabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_Liabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total liabilities</label>
    <label xlink:label="us-gaap_Liabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total liabilities</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LicensingAgreementsMember" xlink:label="us-gaap_LicensingAgreementsMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_LicensingAgreementsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Licensing Agreements [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LicensingAgreementsMember" xlink:to="us-gaap_LicensingAgreementsMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LicensingAgreementsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Port terminal operating rights</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:type="locator"/>
    <label xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:to="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">General partner interest of Navios Holdings</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:type="locator"/>
    <label xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:to="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of ownership</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LimitedPartnerMember" xlink:label="us-gaap_LimitedPartnerMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_LimitedPartnerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Limited Partner [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LimitedPartnerMember" xlink:to="us-gaap_LimitedPartnerMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LimitedPartnerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common units</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding" xlink:label="us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding" xlink:type="locator"/>
    <label xlink:label="us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding" xlink:to="us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common units held by Navios Holdings</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityAxis" xlink:label="us-gaap_LineOfCreditFacilityAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_LineOfCreditFacilityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lender Name [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityAxis" xlink:to="us-gaap_LineOfCreditFacilityAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityExpirationDate1" xlink:label="us-gaap_LineOfCreditFacilityExpirationDate1" xlink:type="locator"/>
    <label xlink:label="us-gaap_LineOfCreditFacilityExpirationDate1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LineOfCreditFacilityExpirationDate1" xlink:to="us-gaap_LineOfCreditFacilityExpirationDate1_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LineOfCreditFacilityExpirationDate1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit facility maturity date</label>
    <label xlink:label="us-gaap_LineOfCreditFacilityExpirationDate1_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Credit facility termination date</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityFrequencyOfPayments" xlink:label="us-gaap_LineOfCreditFacilityFrequencyOfPayments" xlink:type="locator"/>
    <label xlink:label="us-gaap_LineOfCreditFacilityFrequencyOfPayments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LineOfCreditFacilityFrequencyOfPayments" xlink:to="us-gaap_LineOfCreditFacilityFrequencyOfPayments_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LineOfCreditFacilityFrequencyOfPayments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repayment frequency</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityInitiationDate1" xlink:label="us-gaap_LineOfCreditFacilityInitiationDate1" xlink:type="locator"/>
    <label xlink:label="us-gaap_LineOfCreditFacilityInitiationDate1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LineOfCreditFacilityInitiationDate1" xlink:to="us-gaap_LineOfCreditFacilityInitiationDate1_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LineOfCreditFacilityInitiationDate1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of credit facility issuance date</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityInterestRateDescription" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDescription" xlink:type="locator"/>
    <label xlink:label="us-gaap_LineOfCreditFacilityInterestRateDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LineOfCreditFacilityInterestRateDescription" xlink:to="us-gaap_LineOfCreditFacilityInterestRateDescription_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LineOfCreditFacilityInterestRateDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate description</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityLenderDomain" xlink:label="us-gaap_LineOfCreditFacilityLenderDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_LineOfCreditFacilityLenderDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LineOfCreditFacilityLenderDomain" xlink:to="us-gaap_LineOfCreditFacilityLenderDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:type="locator"/>
    <label xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" 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="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of credit facility maximum borrowing capacity</label>
    <label xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum borrowing capacity</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityPeriodicPayment" xlink:label="us-gaap_LineOfCreditFacilityPeriodicPayment" xlink:type="locator"/>
    <label xlink:label="us-gaap_LineOfCreditFacilityPeriodicPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LineOfCreditFacilityPeriodicPayment" xlink:to="us-gaap_LineOfCreditFacilityPeriodicPayment_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LineOfCreditFacilityPeriodicPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repayment installment</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:label="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:type="locator"/>
    <label xlink:label="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:to="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Available amount of loan facility</label>
    <label xlink:label="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Line of credit facility remaining borrowing capacity</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditMember" xlink:label="us-gaap_LineOfCreditMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_LineOfCreditMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LineOfCreditMember" xlink:to="us-gaap_LineOfCreditMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LineOfCreditMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of Credit</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCredit" xlink:label="us-gaap_LineOfCredit" xlink:type="locator"/>
    <label xlink:label="us-gaap_LineOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of credit</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCredit" xlink:to="us-gaap_LineOfCredit_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LineOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit facility outstanding amount</label>
    <label xlink:label="us-gaap_LineOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Amount outstanding</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease" xlink:label="us-gaap_LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease" xlink:type="locator"/>
    <label xlink:label="us-gaap_LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease" xlink:to="us-gaap_LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan to affiliate company</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansAndLeasesReceivableRelatedParties" xlink:label="us-gaap_LoansAndLeasesReceivableRelatedParties" xlink:type="locator"/>
    <label xlink:label="us-gaap_LoansAndLeasesReceivableRelatedParties_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LoansAndLeasesReceivableRelatedParties" xlink:to="us-gaap_LoansAndLeasesReceivableRelatedParties_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LoansAndLeasesReceivableRelatedParties_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan receivable from affiliate companies - Book Value</label>
    <label xlink:label="us-gaap_LoansAndLeasesReceivableRelatedParties_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Portion of the carrying balance of related party loan</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansAssumed1" xlink:label="us-gaap_LoansAssumed1" xlink:type="locator"/>
    <label xlink:label="us-gaap_LoansAssumed1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LoansAssumed1" xlink:to="us-gaap_LoansAssumed1_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LoansAssumed1_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Debt assumed in connection with acquisitions of businesses (Note 11)</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansPayableFairValueDisclosure" xlink:label="us-gaap_LoansPayableFairValueDisclosure" xlink:type="locator"/>
    <label xlink:label="us-gaap_LoansPayableFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LoansPayableFairValueDisclosure" xlink:to="us-gaap_LoansPayableFairValueDisclosure_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LoansPayableFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Long term debt, including current portion</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansPayableToBank" xlink:label="us-gaap_LoansPayableToBank" xlink:type="locator"/>
    <label xlink:label="us-gaap_LoansPayableToBank_lbl" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" 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="us-gaap_LoansPayableToBank" xlink:to="us-gaap_LoansPayableToBank_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LoansPayableToBank_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Payable To Bank</label>
    <label xlink:label="us-gaap_LoansPayableToBank_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan facility</label>
    <label xlink:label="us-gaap_LoansPayableToBank_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Long-term debt, including current portion - Book Value</label>
    <label id="label_LoansPayableToBank" xlink:label="label_LoansPayableToBank" 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="us-gaap_LoansPayableToBank" xlink:title="label: LoansPayableToBank to label_LoansPayableToBank" xlink:to="label_LoansPayableToBank" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansReceivableFairValueDisclosure" xlink:label="us-gaap_LoansReceivableFairValueDisclosure" xlink:type="locator"/>
    <label xlink:label="us-gaap_LoansReceivableFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LoansReceivableFairValueDisclosure" xlink:to="us-gaap_LoansReceivableFairValueDisclosure_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LoansReceivableFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan receivable from affiliated company</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtCurrent" xlink:label="us-gaap_LongTermDebtCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_LongTermDebtCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LongTermDebtCurrent" xlink:to="us-gaap_LongTermDebtCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LongTermDebtCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current portion of long-term debt, net</label>
    <label xlink:label="us-gaap_LongTermDebtCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Current portion of long-term debt</label>
    <label xlink:label="us-gaap_LongTermDebtCurrent_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less: current portion, net</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentTerms" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentTerms" xlink:type="locator"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentTerms_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LongTermDebtMaturitiesRepaymentTerms" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentTerms_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentTerms_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repayment/Redemption terms</label>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentTerms_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Repayment terms</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:type="locator"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2022 and thereafter</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:type="locator"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2014</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:type="locator"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2017</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive" xlink:type="locator"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2019 and thereafter</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive" xlink:type="locator"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2018</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour" xlink:type="locator"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2017</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree" xlink:type="locator"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2016</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo" xlink:type="locator"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2015</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:type="locator"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2021</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:type="locator"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long Term Debt Maturities Repayments Of Principal In Year Four</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2020</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:type="locator"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2019</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:type="locator"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2018</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="us-gaap_LongTermDebtNoncurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_LongTermDebtNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LongTermDebtNoncurrent" xlink:to="us-gaap_LongTermDebtNoncurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LongTermDebtNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total long-term borrowings</label>
    <label xlink:label="us-gaap_LongTermDebtNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total long-term borrowings</label>
    <label xlink:label="us-gaap_LongTermDebtNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Long-term debt, net of current portion</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebt" xlink:label="us-gaap_LongTermDebt" xlink:type="locator"/>
    <label xlink:label="us-gaap_LongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long Term Debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebt" xlink:to="us-gaap_LongTermDebt_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term debt</label>
    <label xlink:label="us-gaap_LongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Long-term debt (including current and noncurrent portion)</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermLoansFromBank" xlink:label="us-gaap_LongTermLoansFromBank" xlink:type="locator"/>
    <label xlink:label="us-gaap_LongTermLoansFromBank_lbl" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" 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="us-gaap_LongTermLoansFromBank" xlink:to="us-gaap_LongTermLoansFromBank_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LongTermLoansFromBank_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long Term Loans From Bank</label>
    <label xlink:label="us-gaap_LongTermLoansFromBank_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long term debt, net of current portion</label>
    <label xlink:label="us-gaap_LongTermLoansFromBank_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total long-term borrowings</label>
    <label xlink:label="us-gaap_LongTermLoansFromBank_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Long-term debt, net of current portion</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermNotesAndLoans" xlink:label="us-gaap_LongTermNotesAndLoans" xlink:type="locator"/>
    <label xlink:label="us-gaap_LongTermNotesAndLoans_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LongTermNotesAndLoans" xlink:to="us-gaap_LongTermNotesAndLoans_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermPurchaseCommitmentTextBlock" xlink:label="us-gaap_LongTermPurchaseCommitmentTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_LongTermPurchaseCommitmentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_LongTermPurchaseCommitmentTextBlock" xlink:to="us-gaap_LongTermPurchaseCommitmentTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_LongTermPurchaseCommitmentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future minimum contractual obligations</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="us-gaap_LongtermDebtTypeAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_LongtermDebtTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Type [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtTypeAxis" xlink:to="us-gaap_LongtermDebtTypeAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="us-gaap_LongtermDebtTypeDomain" xlink:type="locator"/>
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    <label xlink:label="us-gaap_LossContingenciesByNatureOfContingencyAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency Nature [Axis]</label>
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    <label xlink:label="us-gaap_LossContingenciesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingencies [Line Items]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LossContingenciesTable" xlink:label="us-gaap_LossContingenciesTable" xlink:type="locator"/>
    <label xlink:label="us-gaap_LossContingenciesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingencies [Table]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MajorPropertyClassAxis" xlink:label="us-gaap_MajorPropertyClassAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_MajorPropertyClassAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Major Property Class [Axis]</label>
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    <label xlink:label="us-gaap_MajorPropertyClassDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Major Property Class [Domain]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ManagementFeeExpense" xlink:label="us-gaap_ManagementFeeExpense" xlink:type="locator"/>
    <label xlink:label="us-gaap_ManagementFeeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Management Fee Expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ManagementFeeExpense" xlink:to="us-gaap_ManagementFeeExpense_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ManagementFeeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Management fees</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MarginDepositAssets" xlink:label="us-gaap_MarginDepositAssets" xlink:type="locator"/>
    <label xlink:label="us-gaap_MarginDepositAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Margin Deposit Assets</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarginDepositAssets" xlink:to="us-gaap_MarginDepositAssets_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_MarginDepositAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash balance with NOS ASA</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MaritimeEquipmentMember" xlink:label="us-gaap_MaritimeEquipmentMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_MaritimeEquipmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maritime Equipment [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MaritimeEquipmentMember" xlink:to="us-gaap_MaritimeEquipmentMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_MaritimeEquipmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Charter-in vessels in operation</label>
    <label xlink:label="us-gaap_MaritimeEquipmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Drybulk vessels</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MarketableSecuritiesAvailableForSaleSecuritiesPolicy" xlink:label="us-gaap_MarketableSecuritiesAvailableForSaleSecuritiesPolicy" xlink:type="locator"/>
    <label xlink:label="us-gaap_MarketableSecuritiesAvailableForSaleSecuritiesPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Marketable Securities Available For Sale Securities [Policy Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketableSecuritiesAvailableForSaleSecuritiesPolicy" xlink:to="us-gaap_MarketableSecuritiesAvailableForSaleSecuritiesPolicy_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_MarketableSecuritiesAvailableForSaleSecuritiesPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in Available-for-Sale Securities</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MaximumMember" xlink:label="us-gaap_MaximumMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_MaximumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MaximumMember" xlink:to="us-gaap_MaximumMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_MaximumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MinimumMember" xlink:label="us-gaap_MinimumMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_MinimumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum [Member]</label>
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    <label xlink:label="us-gaap_MinimumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Minimum</label>
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    <label xlink:label="us-gaap_MinorityInterestDecreaseFromRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navios Logistics acquisition of noncontrolling interest (including transaction expenses) (Note 23)</label>
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    <label xlink:label="us-gaap_MinorityInterestDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minority Interest Disclosure [Text Block]</label>
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    <label xlink:label="us-gaap_MinorityInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minority interest</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MoneyMarketFundsAtCarryingValue" xlink:label="us-gaap_MoneyMarketFundsAtCarryingValue" xlink:type="locator"/>
    <label xlink:label="us-gaap_MoneyMarketFundsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Money Market Funds At Carrying Value</label>
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    <label xlink:label="us-gaap_MoneyMarketFundsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Money market funds</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MortgagesMember" xlink:label="us-gaap_MortgagesMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_MortgagesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgages [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgagesMember" xlink:to="us-gaap_MortgagesMember_lbl" xlink:type="arc"/>
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    <label xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FINANCING ACTIVITIES [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FINANCING ACTIVITIES:</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:type="locator"/>
    <label xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net cash provided by/(used in) financing activities</label>
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    <label xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net cash (used in)/provided by financing activities</label>
    <label xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by/ (used in) financing activities</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">INVESTING ACTIVITIES [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">INVESTING ACTIVITIES:</label>
    <label xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cash flows from investing activities</label>
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    <label xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by/(used in) investing activities</label>
    <label xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash used in investing activities</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OPERATING ACTIVITIES: [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OPERATING ACTIVITIES:</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" xlink:type="locator"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net cash (used in)/provided by operating activities</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:type="locator"/>
    <label xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net cash provided by operating activities</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net cash (used in)/provided by operating activities</label>
    <label xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by operating activities</label>
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    <label xlink:label="us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New Accounting Pronouncements or Change in Accounting Principle [Table]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable" xlink:to="us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Recent Accounting Pronouncements [Policy Text Block]</label>
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    <label xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Recent Accounting Pronouncements</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NonGuarantorSubsidiariesMember" xlink:label="us-gaap_NonGuarantorSubsidiariesMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_NonGuarantorSubsidiariesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non Guarantor Subsidiaries [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonGuarantorSubsidiariesMember" xlink:to="us-gaap_NonGuarantorSubsidiariesMember_lbl" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:label="us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_NoncashInvestingAndFinancingItemsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-cash investing and financing activities [Abstract]</label>
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    <label xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash Or Part Noncash Acquisition Intangible Assets Acquired 1</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NotesAndLoansPayableCurrent" xlink:label="us-gaap_NotesAndLoansPayableCurrent" xlink:type="locator"/>
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    <label xlink:label="us-gaap_NotesAndLoansReceivableNetNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan receivable from affiliate company</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OffBalanceSheetCreditExposurePolicyPolicyTextBlock" xlink:label="us-gaap_OffBalanceSheetCreditExposurePolicyPolicyTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_OffBalanceSheetCreditExposurePolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OffBalanceSheetCreditExposurePolicyPolicyTextBlock" xlink:to="us-gaap_OffBalanceSheetCreditExposurePolicyPolicyTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OffBalanceSheetCreditExposurePolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Guarantees</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasedAssetsLineItems" xlink:label="us-gaap_OperatingLeasedAssetsLineItems" xlink:type="locator"/>
    <label xlink:label="us-gaap_OperatingLeasedAssetsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OperatingLeasedAssetsLineItems" xlink:to="us-gaap_OperatingLeasedAssetsLineItems_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2017</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:type="locator"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2021</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:type="locator"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2020</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree" xlink:type="locator"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2016</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:type="locator"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2019</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:type="locator"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2018</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:type="locator"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2022 and thereafter</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:type="locator"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2017</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:type="locator"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2021</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:type="locator"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2020</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:type="locator"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2019</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:type="locator"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2018</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:type="locator"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2022 and thereafter</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable" xlink:type="locator"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases Future Minimum Payments Receivable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future minimum revenue</label>
    <label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total minimum revenue, net of commissions</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesOfLessorDisclosureTextBlock" xlink:label="us-gaap_OperatingLeasesOfLessorDisclosureTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_OperatingLeasesOfLessorDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases Of Lessor Disclosure[Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesOfLessorDisclosureTextBlock" xlink:to="us-gaap_OperatingLeasesOfLessorDisclosureTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OperatingLeasesOfLessorDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">LEASES</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesRentExpenseNet" xlink:label="us-gaap_OperatingLeasesRentExpenseNet" xlink:type="locator"/>
    <label xlink:label="us-gaap_OperatingLeasesRentExpenseNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases Rent Expense Net</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesRentExpenseNet" xlink:to="us-gaap_OperatingLeasesRentExpenseNet_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OperatingLeasesRentExpenseNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Charter hire expense</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DESCRIPTION OF BUSINESS [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:to="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAccruedLiabilitiesCurrent" xlink:label="us-gaap_OtherAccruedLiabilitiesCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_OtherAccruedLiabilitiesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Accrued Liabilities Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAccruedLiabilitiesCurrent" xlink:to="us-gaap_OtherAccruedLiabilitiesCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OtherAccruedLiabilitiesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other accrued expenses</label>
    <label xlink:label="us-gaap_OtherAccruedLiabilitiesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other Accrued Liabilities Current</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAmortizationOfDeferredCharges" xlink:label="us-gaap_OtherAmortizationOfDeferredCharges" xlink:type="locator"/>
    <label xlink:label="us-gaap_OtherAmortizationOfDeferredCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization of deferred dry dock and special survey costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAmortizationOfDeferredCharges" xlink:to="us-gaap_OtherAmortizationOfDeferredCharges_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAssetsCurrent" xlink:label="us-gaap_OtherAssetsCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_OtherAssetsCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsCurrent" xlink:to="us-gaap_OtherAssetsCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OtherAssetsCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAssetsNoncurrent" xlink:label="us-gaap_OtherAssetsNoncurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_OtherAssetsNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OtherAssetsNoncurrent" xlink:to="us-gaap_OtherAssetsNoncurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OtherAssetsNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other long-term assets</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherCommitmentsAxis" xlink:label="us-gaap_OtherCommitmentsAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_OtherCommitmentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Commitments [Axis]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherCommitmentsDomain" xlink:label="us-gaap_OtherCommitmentsDomain" xlink:type="locator"/>
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    <label xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:type="resource" xml:lang="en-US">Total other comprehensive (loss)/income</label>
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    <label xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total other comprehensive income</label>
    <label xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total other comprehensive income</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:label="us-gaap_OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent" xlink:to="us-gaap_OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Termination of indemnities liability</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherExpenseMember" xlink:label="us-gaap_OtherExpenseMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_OtherExpenseMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Expense [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherExpenseMember" xlink:to="us-gaap_OtherExpenseMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OtherExpenseMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other expense</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherExpenses" xlink:label="us-gaap_OtherExpenses" xlink:type="locator"/>
    <label xlink:label="us-gaap_OtherExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Expense</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherExpenses" xlink:to="us-gaap_OtherExpenses_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OtherExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of the claim, recorded as ''Other expense''</label>
    <label xlink:label="us-gaap_OtherExpenses_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Other expense</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherGeneralAndAdministrativeExpense" xlink:label="us-gaap_OtherGeneralAndAdministrativeExpense" xlink:type="locator"/>
    <label xlink:label="us-gaap_OtherGeneralAndAdministrativeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OtherGeneralAndAdministrativeExpense" xlink:to="us-gaap_OtherGeneralAndAdministrativeExpense_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OtherGeneralAndAdministrativeExpense_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">General and administrative expenses incurred on behalf of affiliates</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherIncomeAndExpensesAbstract" xlink:label="us-gaap_OtherIncomeAndExpensesAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_OtherIncomeAndExpensesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OTHER INCOME [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherIncomeAndExpensesAbstract" xlink:to="us-gaap_OtherIncomeAndExpensesAbstract_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OtherIncomeAndExpensesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OTHER INCOME-OTHER EXPENSE</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:label="us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Income And Other Expense Disclosure [Text Block]</label>
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    <label xlink:label="us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OTHER INCOME- OTHER EXPENSE</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherIncomeMember" xlink:label="us-gaap_OtherIncomeMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_OtherIncomeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Income [Member]</label>
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    <label xlink:label="us-gaap_OtherIncomeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other income</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherIncome" xlink:label="us-gaap_OtherIncome" xlink:type="locator"/>
    <label xlink:label="us-gaap_OtherIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Income</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherIncome" xlink:to="us-gaap_OtherIncome_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OtherIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other income</label>
    <label xlink:label="us-gaap_OtherIncome_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Other Income</label>
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    <label xlink:label="us-gaap_OtherLiabilitiesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Liabilities Current</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLiabilitiesCurrent" xlink:to="us-gaap_OtherLiabilitiesCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OtherLiabilitiesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other liability</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLoansPayableLongTerm" xlink:label="us-gaap_OtherLoansPayableLongTerm" xlink:type="locator"/>
    <label xlink:label="us-gaap_OtherLoansPayableLongTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OtherLoansPayableLongTerm" xlink:to="us-gaap_OtherLoansPayableLongTerm_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OtherLoansPayableLongTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other long-term loans</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherNoncashIncome" xlink:label="us-gaap_OtherNoncashIncome" xlink:type="locator"/>
    <label xlink:label="us-gaap_OtherNoncashIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Compensation income</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherNoncurrentAssetsMember" xlink:label="us-gaap_OtherNoncurrentAssetsMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_OtherNoncurrentAssetsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OtherNoncurrentAssetsMember" xlink:to="us-gaap_OtherNoncurrentAssetsMember_lbl" xlink:type="arc"/>
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    <label xlink:label="us-gaap_OtherNonoperatingIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_OtherNonoperatingIncomeExpense" xlink:to="us-gaap_OtherNonoperatingIncomeExpense_lbl" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherOperatingIncomeExpenseNet" xlink:label="us-gaap_OtherOperatingIncomeExpenseNet" xlink:type="locator"/>
    <label xlink:label="us-gaap_OtherOperatingIncomeExpenseNet_lbl" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" 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="us-gaap_OtherOperatingIncomeExpenseNet" xlink:to="us-gaap_OtherOperatingIncomeExpenseNet_lbl" xlink:type="arc"/>
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    <label xlink:label="us-gaap_OtherOperatingIncomeExpenseNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other (expense)/income, net</label>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherOperatingIncomeExpenseNet" xlink:title="label: OtherOperatingIncomeExpenseNet to label_OtherOperatingIncomeExpenseNet" xlink:to="label_OtherOperatingIncomeExpenseNet" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherPaymentsToAcquireBusinesses" xlink:label="us-gaap_OtherPaymentsToAcquireBusinesses" xlink:type="locator"/>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherPaymentsToAcquireBusinesses" xlink:to="us-gaap_OtherPaymentsToAcquireBusinesses_lbl" xlink:type="arc"/>
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    <label xlink:label="us-gaap_OtherPrepaidExpenseCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" 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="us-gaap_OtherPrepaidExpenseCurrent" xlink:to="us-gaap_OtherPrepaidExpenseCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_OtherPrepaidExpenseCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Prepaid Expense Current</label>
    <label xlink:label="us-gaap_OtherPrepaidExpenseCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Prepaid voyage costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherReceivablesNetCurrent" xlink:label="us-gaap_OtherReceivablesNetCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_OtherReceivablesNetCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Receivables Net Current</label>
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    <label xlink:label="us-gaap_OtherReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationReceived1" xlink:label="us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationReceived1" xlink:type="locator"/>
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    <label xlink:label="us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationReceived1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Value of common units exchanged for sale of vessel</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ParentCompanyMember" xlink:label="us-gaap_ParentCompanyMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_ParentCompanyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Parent Company [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ParentCompanyMember" xlink:to="us-gaap_ParentCompanyMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ParentCompanyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navios Maritime Holdings Inc. Issuer</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ParentMember" xlink:label="us-gaap_ParentMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_ParentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Parent [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ParentMember" xlink:to="us-gaap_ParentMember_lbl" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ParticipatingMortgageLoansMortgageObligationsAmount" xlink:label="us-gaap_ParticipatingMortgageLoansMortgageObligationsAmount" xlink:type="locator"/>
    <label xlink:label="us-gaap_ParticipatingMortgageLoansMortgageObligationsAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ParticipatingMortgageLoansMortgageObligationsAmount" xlink:to="us-gaap_ParticipatingMortgageLoansMortgageObligationsAmount_lbl" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PartnerTypeOfPartnersCapitalAccountAxis" xlink:label="us-gaap_PartnerTypeOfPartnersCapitalAccountAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_PartnerTypeOfPartnersCapitalAccountAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Partner Type Of Partners Capital Account [Axis]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain" xlink:label="us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Partner Type Of Partners Capital Account Name [Domain]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PartnersCapitalAccountUnitsConverted" xlink:label="us-gaap_PartnersCapitalAccountUnitsConverted" xlink:type="locator"/>
    <label xlink:label="us-gaap_PartnersCapitalAccountUnitsConverted_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Partners Capital Account Units Converted</label>
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    <label xlink:label="us-gaap_PartnersCapitalAccountUnitsConverted_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of common units after the conversion of subordinated</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PartnersCapitalAccountUnitsSoldInPrivatePlacement" xlink:label="us-gaap_PartnersCapitalAccountUnitsSoldInPrivatePlacement" xlink:type="locator"/>
    <label xlink:label="us-gaap_PartnersCapitalAccountUnitsSoldInPrivatePlacement_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PartnersCapitalAccountUnitsSoldInPrivatePlacement" xlink:to="us-gaap_PartnersCapitalAccountUnitsSoldInPrivatePlacement_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PartnersCapitalAccountUnitsSoldInPrivatePlacement_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Private placement of units to Navios Holdings</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PartnersCapitalAccountUnitsSoldInPublicOffering" xlink:label="us-gaap_PartnersCapitalAccountUnitsSoldInPublicOffering" xlink:type="locator"/>
    <label xlink:label="us-gaap_PartnersCapitalAccountUnitsSoldInPublicOffering_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PartnersCapitalAccountUnitsSoldInPublicOffering" xlink:to="us-gaap_PartnersCapitalAccountUnitsSoldInPublicOffering_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PartnersCapitalAccountUnitsSoldInPublicOffering_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common Units issued in public offering</label>
    <label xlink:label="us-gaap_PartnersCapitalAccountUnitsSoldInPublicOffering_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Common units sold</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PartnersCapitalAccountUnits" xlink:label="us-gaap_PartnersCapitalAccountUnits" xlink:type="locator"/>
    <label xlink:label="us-gaap_PartnersCapitalAccountUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PartnersCapitalAccountUnits" xlink:to="us-gaap_PartnersCapitalAccountUnits_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PartnersCapitalAccountUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of units pledged as collateral</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PayablesAndAccrualsAbstract" xlink:label="us-gaap_PayablesAndAccrualsAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_PayablesAndAccrualsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ACCRUED EXPENSES AND OTHER LIABILITIES [Abstract]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForAdvanceToAffiliate" xlink:label="us-gaap_PaymentsForAdvanceToAffiliate" xlink:type="locator"/>
    <label xlink:label="us-gaap_PaymentsForAdvanceToAffiliate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PaymentsForAdvanceToAffiliate" xlink:to="us-gaap_PaymentsForAdvanceToAffiliate_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PaymentsForAdvanceToAffiliate_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Loan proceeds to affiliate company</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForConstructionInProcess" xlink:label="us-gaap_PaymentsForConstructionInProcess" xlink:type="locator"/>
    <label xlink:label="us-gaap_PaymentsForConstructionInProcess_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PaymentsForConstructionInProcess" xlink:to="us-gaap_PaymentsForConstructionInProcess_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PaymentsForConstructionInProcess_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Deposits for vessels, port terminals and other fixed assets</label>
    <label id="label_PaymentsForConstructionInProcess" xlink:label="label_PaymentsForConstructionInProcess" 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="us-gaap_PaymentsForConstructionInProcess" xlink:title="label: PaymentsForConstructionInProcess to label_PaymentsForConstructionInProcess" xlink:to="label_PaymentsForConstructionInProcess" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:type="locator"/>
    <label xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:to="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Acquisition of treasury stock</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForRepurchaseOfEquity" xlink:label="us-gaap_PaymentsForRepurchaseOfEquity" xlink:type="locator"/>
    <label xlink:label="us-gaap_PaymentsForRepurchaseOfEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PaymentsForRepurchaseOfEquity" xlink:to="us-gaap_PaymentsForRepurchaseOfEquity_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PaymentsForRepurchaseOfEquity_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Acquisition of treasury stock</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:label="us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:type="locator"/>
    <label xlink:label="us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:to="us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repurchase of preferred stock</label>
    <label xlink:label="us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repurchase of preferred stock</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfDebtIssuanceCosts" xlink:label="us-gaap_PaymentsOfDebtIssuanceCosts" xlink:type="locator"/>
    <label xlink:label="us-gaap_PaymentsOfDebtIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt issuance costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfDebtIssuanceCosts" xlink:to="us-gaap_PaymentsOfDebtIssuanceCosts_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PaymentsOfDebtIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Debt issuance costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfDividendsCommonStock" xlink:label="us-gaap_PaymentsOfDividendsCommonStock" xlink:type="locator"/>
    <label xlink:label="us-gaap_PaymentsOfDividendsCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PaymentsOfDividendsCommonStock" xlink:to="us-gaap_PaymentsOfDividendsCommonStock_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:label="us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:type="locator"/>
    <label xlink:label="us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:to="us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_lbl" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfDividends" xlink:label="us-gaap_PaymentsOfDividends" xlink:type="locator"/>
    <label xlink:label="us-gaap_PaymentsOfDividends_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends paid</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfDividends" xlink:to="us-gaap_PaymentsOfDividends_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PaymentsOfDividends_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dividends paid</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfFinancingCosts" xlink:label="us-gaap_PaymentsOfFinancingCosts" xlink:type="locator"/>
    <label xlink:label="us-gaap_PaymentsOfFinancingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PaymentsOfFinancingCosts" xlink:to="us-gaap_PaymentsOfFinancingCosts_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PaymentsOfFinancingCosts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Debt issuance costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:label="us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:type="locator"/>
    <label xlink:label="us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:to="us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payments to acquire common stock</label>
    <label xlink:label="us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of investments in affiliates</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesGross" xlink:label="us-gaap_PaymentsToAcquireBusinessesGross" xlink:type="locator"/>
    <label xlink:label="us-gaap_PaymentsToAcquireBusinessesGross_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PaymentsToAcquireBusinessesGross" xlink:to="us-gaap_PaymentsToAcquireBusinessesGross_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PaymentsToAcquireBusinessesGross_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash consideration</label>
    <label xlink:label="us-gaap_PaymentsToAcquireBusinessesGross_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total consideration for acquisition of vessel</label>
    <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="us-gaap_PaymentsToAcquireBusinessesGross" xlink:title="label: PaymentsToAcquireBusinessesGross to label_PaymentsToAcquireBusinessesGross" xlink:to="label_PaymentsToAcquireBusinessesGross" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireIntangibleAssets" xlink:label="us-gaap_PaymentsToAcquireIntangibleAssets" xlink:type="locator"/>
    <label xlink:label="us-gaap_PaymentsToAcquireIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PaymentsToAcquireIntangibleAssets" xlink:to="us-gaap_PaymentsToAcquireIntangibleAssets_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PaymentsToAcquireIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of intangible assets</label>
    <label xlink:label="us-gaap_PaymentsToAcquireIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Acquisition of intangible assets</label>
    <label id="label_PaymentsToAcquireIntangibleAssets" xlink:label="label_PaymentsToAcquireIntangibleAssets" 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="us-gaap_PaymentsToAcquireIntangibleAssets" xlink:title="label: PaymentsToAcquireIntangibleAssets to label_PaymentsToAcquireIntangibleAssets" xlink:to="label_PaymentsToAcquireIntangibleAssets" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:label="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:type="locator"/>
    <label xlink:label="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:to="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of noncontrolling interest</label>
    <label xlink:label="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Acquisition of noncontrolling interest</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireInvestments" xlink:label="us-gaap_PaymentsToAcquireInvestments" xlink:type="locator"/>
    <label xlink:label="us-gaap_PaymentsToAcquireInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PaymentsToAcquireInvestments" xlink:to="us-gaap_PaymentsToAcquireInvestments_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PaymentsToAcquireInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payments to acquire investment</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:label="us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:type="locator"/>
    <label xlink:label="us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:to="us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase of property, equipment and other fixed assets</label>
    <label xlink:label="us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchase of property, equipment and other fixed assets</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:type="locator"/>
    <label xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:to="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash consideration for purchase of property, plant and equipment</label>
    <label xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cash consideration for purchase of vessel</label>
    <label xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Acquisition of vessels</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToMinorityShareholders" xlink:label="us-gaap_PaymentsToMinorityShareholders" xlink:type="locator"/>
    <label xlink:label="us-gaap_PaymentsToMinorityShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PaymentsToMinorityShareholders" xlink:to="us-gaap_PaymentsToMinorityShareholders_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PaymentsToMinorityShareholders_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Acquisition of noncontrolling interest</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PensionAndOtherPostretirementPlansPolicy" xlink:label="us-gaap_PensionAndOtherPostretirementPlansPolicy" xlink:type="locator"/>
    <label xlink:label="us-gaap_PensionAndOtherPostretirementPlansPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PensionAndOtherPostretirementPlansPolicy" xlink:to="us-gaap_PensionAndOtherPostretirementPlansPolicy_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PensionAndOtherPostretirementPlansPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Employee benefits</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PensionPlansDefinedBenefitMember" xlink:label="us-gaap_PensionPlansDefinedBenefitMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_PensionPlansDefinedBenefitMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pension Plan [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PensionPlansDefinedBenefitMember" xlink:to="us-gaap_PensionPlansDefinedBenefitMember_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="us-gaap_PreferredStockDividendRatePercentage" xlink:type="locator"/>
    <label xlink:label="us-gaap_PreferredStockDividendRatePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PreferredStockDividendRatePercentage" xlink:to="us-gaap_PreferredStockDividendRatePercentage_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PreferredStockDividendRatePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividend rate of preferred stock</label>
    <label xlink:label="us-gaap_PreferredStockDividendRatePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Annual dividend percentage for each holder of preferred stock</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendsAndOtherAdjustmentsAbstract" xlink:label="us-gaap_PreferredStockDividendsAndOtherAdjustmentsAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_PreferredStockDividendsAndOtherAdjustmentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PreferredStockDividendsAndOtherAdjustmentsAbstract" xlink:to="us-gaap_PreferredStockDividendsAndOtherAdjustmentsAbstract_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PreferredStockDividendsAndOtherAdjustmentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Plus:</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:label="us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:type="locator"/>
    <label xlink:label="us-gaap_PreferredStockDividendsIncomeStatementImpact_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:to="us-gaap_PreferredStockDividendsIncomeStatementImpact_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PreferredStockDividendsIncomeStatementImpact_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred stock dividends of subsidiary</label>
    <label xlink:label="us-gaap_PreferredStockDividendsIncomeStatementImpact_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Preferred stock dividends of subsidiary</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendsPerShareDeclared" xlink:label="us-gaap_PreferredStockDividendsPerShareDeclared" xlink:type="locator"/>
    <label xlink:label="us-gaap_PreferredStockDividendsPerShareDeclared_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PreferredStockDividendsPerShareDeclared" xlink:to="us-gaap_PreferredStockDividendsPerShareDeclared_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockLiquidationPreference" xlink:label="us-gaap_PreferredStockLiquidationPreference" xlink:type="locator"/>
    <label xlink:label="us-gaap_PreferredStockLiquidationPreference_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PreferredStockLiquidationPreference" xlink:to="us-gaap_PreferredStockLiquidationPreference_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PreferredStockLiquidationPreference_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred Stock Redemption Price per Share</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockMember" xlink:label="us-gaap_PreferredStockMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_PreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockMember" xlink:to="us-gaap_PreferredStockMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred Stock</label>
    <label xlink:label="us-gaap_PreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare" xlink:type="locator"/>
    <label xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PreferredStockParOrStatedValuePerShare" xlink:to="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred stock par value</label>
    <label xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Par value of preferred stock</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockRedemptionAmount" xlink:label="us-gaap_PreferredStockRedemptionAmount" xlink:type="locator"/>
    <label xlink:label="us-gaap_PreferredStockRedemptionAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PreferredStockRedemptionAmount" xlink:to="us-gaap_PreferredStockRedemptionAmount_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PreferredStockRedemptionAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tender Offer - Redemption of preferred stock (Note 16), value</label>
    <label id="label_PreferredStockRedemptionAmount" xlink:label="label_PreferredStockRedemptionAmount" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PreferredStockRedemptionAmount" xlink:type="resource" xml:lang="en-US">Tender Offer &#x2013; Redemption of preferred stock Series G and H</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockRedemptionAmount" xlink:title="label: PreferredStockRedemptionAmount to label_PreferredStockRedemptionAmount" xlink:to="label_PreferredStockRedemptionAmount" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockRedemptionPricePerShare" xlink:label="us-gaap_PreferredStockRedemptionPricePerShare" xlink:type="locator"/>
    <label xlink:label="us-gaap_PreferredStockRedemptionPricePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PreferredStockRedemptionPricePerShare" xlink:to="us-gaap_PreferredStockRedemptionPricePerShare_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PreferredStockRedemptionPricePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of Stock- Redemption price per share</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockRedemptionTerms" xlink:label="us-gaap_PreferredStockRedemptionTerms" xlink:type="locator"/>
    <label xlink:label="us-gaap_PreferredStockRedemptionTerms_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PreferredStockRedemptionTerms" xlink:to="us-gaap_PreferredStockRedemptionTerms_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PreferredStockRedemptionTerms_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of Stock- redemption terms</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="us-gaap_PreferredStockSharesAuthorized" xlink:type="locator"/>
    <label xlink:label="us-gaap_PreferredStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PreferredStockSharesAuthorized" xlink:to="us-gaap_PreferredStockSharesAuthorized_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PreferredStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred stock shares authorized</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="us-gaap_PreferredStockSharesIssued" xlink:type="locator"/>
    <label xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PreferredStockSharesIssued" xlink:to="us-gaap_PreferredStockSharesIssued_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred stock shares issued</label>
    <label xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Nominal value per share of preferred stock</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="us-gaap_PreferredStockSharesOutstanding" xlink:type="locator"/>
    <label xlink:label="us-gaap_PreferredStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PreferredStockSharesOutstanding" xlink:to="us-gaap_PreferredStockSharesOutstanding_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PreferredStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred stock shares outstanding</label>
    <label xlink:label="us-gaap_PreferredStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Preferred stock, shares</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockValueOutstanding" xlink:label="us-gaap_PreferredStockValueOutstanding" xlink:type="locator"/>
    <label xlink:label="us-gaap_PreferredStockValueOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PreferredStockValueOutstanding" xlink:to="us-gaap_PreferredStockValueOutstanding_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PreferredStockValueOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" 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>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="us-gaap_PreferredStockValue" xlink:type="locator"/>
    <label xlink:label="us-gaap_PreferredStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockValue" xlink:to="us-gaap_PreferredStockValue_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PreferredStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred Stock - 0.0001 par value, authorized 1,000,000 shares, 49,504 and 73,935 issued and outstanding as of December 31, 2016 and 2015, respectively.</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PrepaidExpenseAndOtherAssetsCurrent" xlink:label="us-gaap_PrepaidExpenseAndOtherAssetsCurrent" xlink:type="locator"/>
    <label xlink:label="us-gaap_PrepaidExpenseAndOtherAssetsCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PrepaidExpenseAndOtherAssetsCurrent" xlink:to="us-gaap_PrepaidExpenseAndOtherAssetsCurrent_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PrepaidExpenseAndOtherAssetsCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total prepaid expenses and other current assets</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PrepaidTaxes" xlink:label="us-gaap_PrepaidTaxes" xlink:type="locator"/>
    <label xlink:label="us-gaap_PrepaidTaxes_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prepaid Taxes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrepaidTaxes" xlink:to="us-gaap_PrepaidTaxes_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PrepaidTaxes_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Prepaid other taxes</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PrivatePlacementMember" xlink:label="us-gaap_PrivatePlacementMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_PrivatePlacementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Private placement [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrivatePlacementMember" xlink:to="us-gaap_PrivatePlacementMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PrivatePlacementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Private placement</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromCollectionOfLeaseReceivables" xlink:label="us-gaap_ProceedsFromCollectionOfLeaseReceivables" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromCollectionOfLeaseReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ProceedsFromCollectionOfLeaseReceivables" xlink:to="us-gaap_ProceedsFromCollectionOfLeaseReceivables_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromCollectionOfLongtermLoansToRelatedParties" xlink:label="us-gaap_ProceedsFromCollectionOfLongtermLoansToRelatedParties" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromCollectionOfLongtermLoansToRelatedParties_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ProceedsFromCollectionOfLongtermLoansToRelatedParties" xlink:to="us-gaap_ProceedsFromCollectionOfLongtermLoansToRelatedParties_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromDividendsReceived" xlink:label="us-gaap_ProceedsFromDividendsReceived" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromDividendsReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" 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="us-gaap_ProceedsFromDividendsReceived" xlink:to="us-gaap_ProceedsFromDividendsReceived_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProceedsFromDividendsReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Dividends Received</label>
    <label xlink:label="us-gaap_ProceedsFromDividendsReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends received</label>
    <label xlink:label="us-gaap_ProceedsFromDividendsReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Dividends from affiliate companies</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromInsuranceSettlementOperatingActivities" xlink:label="us-gaap_ProceedsFromInsuranceSettlementOperatingActivities" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromInsuranceSettlementOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ProceedsFromInsuranceSettlementOperatingActivities" xlink:to="us-gaap_ProceedsFromInsuranceSettlementOperatingActivities_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProceedsFromInsuranceSettlementOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">One-time upfront cash payment from insurance restructuring</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonLimitedPartnersUnits" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonLimitedPartnersUnits" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromIssuanceOfCommonLimitedPartnersUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Issuance Of Common Limited Partners Units</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfCommonLimitedPartnersUnits" xlink:to="us-gaap_ProceedsFromIssuanceOfCommonLimitedPartnersUnits_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProceedsFromIssuanceOfCommonLimitedPartnersUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net procceeds from the offering of common units</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:to="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issuance of common stock</label>
    <label xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from issuance of common stock</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfConvertiblePreferredStock" xlink:label="us-gaap_ProceedsFromIssuanceOfConvertiblePreferredStock" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromIssuanceOfConvertiblePreferredStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ProceedsFromIssuanceOfConvertiblePreferredStock" xlink:to="us-gaap_ProceedsFromIssuanceOfConvertiblePreferredStock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProceedsFromIssuanceOfConvertiblePreferredStock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of Stock-net proceeds</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet" xlink:label="us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from issuance of senior and ship mortgage notes including premium, net of debt issuance costs</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet" xlink:to="us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from issuance of senior notes, net of debt issuance costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:label="us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromIssuanceOfLongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:to="us-gaap_ProceedsFromIssuanceOfLongTermDebt_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProceedsFromIssuanceOfLongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from long-term loans, net of finance costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:label="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:to="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of Stock-net proceeds</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfPrivatePlacement" xlink:label="us-gaap_ProceedsFromIssuanceOfPrivatePlacement" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromIssuanceOfPrivatePlacement_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ProceedsFromIssuanceOfPrivatePlacement" xlink:to="us-gaap_ProceedsFromIssuanceOfPrivatePlacement_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProceedsFromIssuanceOfPrivatePlacement_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from private placement of units to Navios Holdings</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfRedeemablePreferredStock" xlink:label="us-gaap_ProceedsFromIssuanceOfRedeemablePreferredStock" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromIssuanceOfRedeemablePreferredStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ProceedsFromIssuanceOfRedeemablePreferredStock" xlink:to="us-gaap_ProceedsFromIssuanceOfRedeemablePreferredStock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProceedsFromIssuanceOfRedeemablePreferredStock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net proceeds from issuance of preferred stock</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions" xlink:label="us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issuance of common stock- no</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions" xlink:to="us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromLinesOfCredit" xlink:label="us-gaap_ProceedsFromLinesOfCredit" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromLinesOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ProceedsFromLinesOfCredit" xlink:to="us-gaap_ProceedsFromLinesOfCredit_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProceedsFromLinesOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount drawn down</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromMinorityShareholders" xlink:label="us-gaap_ProceedsFromMinorityShareholders" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromMinorityShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" 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="us-gaap_ProceedsFromMinorityShareholders" xlink:to="us-gaap_ProceedsFromMinorityShareholders_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProceedsFromMinorityShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Minority Shareholders</label>
    <label xlink:label="us-gaap_ProceedsFromMinorityShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contribution from noncontrolling shareholders issuance of common stock</label>
    <label xlink:label="us-gaap_ProceedsFromMinorityShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Contribution from noncontrolling shareholders</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromPaymentsToMinorityShareholders" xlink:label="us-gaap_ProceedsFromPaymentsToMinorityShareholders" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromPaymentsToMinorityShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Payments To Minority Shareholders</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromPaymentsToMinorityShareholders" xlink:to="us-gaap_ProceedsFromPaymentsToMinorityShareholders_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProceedsFromPaymentsToMinorityShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends to noncontrolling shareholders</label>
    <label xlink:label="us-gaap_ProceedsFromPaymentsToMinorityShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Noncontrolling shareholders' contribution</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromRelatedPartyDebt" xlink:label="us-gaap_ProceedsFromRelatedPartyDebt" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromRelatedPartyDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Related Party Debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromRelatedPartyDebt" xlink:to="us-gaap_ProceedsFromRelatedPartyDebt_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProceedsFromRelatedPartyDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from loan payable to affiliate company</label>
    <label id="label_ProceedsFromRelatedPartyDebt" xlink:label="label_ProceedsFromRelatedPartyDebt" 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>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromRelatedPartyDebt" xlink:title="label: ProceedsFromRelatedPartyDebt to label_ProceedsFromRelatedPartyDebt" xlink:to="label_ProceedsFromRelatedPartyDebt" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt" xlink:label="us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Repayments Of Related Party Debt</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt" xlink:to="us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repayment of amounts of indebtness of joint ventures</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities" xlink:label="us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities" xlink:to="us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Decrease / (increase) in restricted cash</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity" xlink:label="us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Sale of Available-for-sale Securities, Equity</label>
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    <label xlink:label="us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disposal of available-for-sale securities</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromSaleOfInsuranceInvestments" xlink:label="us-gaap_ProceedsFromSaleOfInsuranceInvestments" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromSaleOfInsuranceInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ProceedsFromSaleOfInsuranceInvestments" xlink:to="us-gaap_ProceedsFromSaleOfInsuranceInvestments_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProceedsFromSaleOfInsuranceInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash compensation receiverd</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:label="us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:to="us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash consideration received</label>
    <label xlink:label="us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cash consideration from sale of vessel</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromSalesOfAssetsInvestingActivities" xlink:label="us-gaap_ProceedsFromSalesOfAssetsInvestingActivities" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProceedsFromSalesOfAssetsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ProceedsFromSalesOfAssetsInvestingActivities" xlink:to="us-gaap_ProceedsFromSalesOfAssetsInvestingActivities_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProceedsFromSalesOfAssetsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of assets</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProfitLoss" xlink:label="us-gaap_ProfitLoss" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net income</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProfitLoss" xlink:to="us-gaap_ProfitLoss_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net loss</label>
    <label xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net loss</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAbstract" xlink:label="us-gaap_PropertyPlantAndEquipmentAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PropertyPlantAndEquipmentAbstract" xlink:to="us-gaap_PropertyPlantAndEquipmentAbstract_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAdditions" xlink:label="us-gaap_PropertyPlantAndEquipmentAdditions" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentAdditions_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PropertyPlantAndEquipmentAdditions" xlink:to="us-gaap_PropertyPlantAndEquipmentAdditions_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentAdditions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additions</label>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentAdditions_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Improvements</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock" xlink:label="us-gaap_PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock" xlink:to="us-gaap_PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation rates</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:to="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Type</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:label="us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:to="us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">VESSELS, PORT TERMINALS AND OTHER FIXED ASSETS, NET</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentDisposals" xlink:label="us-gaap_PropertyPlantAndEquipmentDisposals" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentDisposals_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PropertyPlantAndEquipmentDisposals" xlink:to="us-gaap_PropertyPlantAndEquipmentDisposals_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentDisposals_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Disposals</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentEstimatedUsefulLives" xlink:label="us-gaap_PropertyPlantAndEquipmentEstimatedUsefulLives" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentEstimatedUsefulLives_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PropertyPlantAndEquipmentEstimatedUsefulLives" xlink:to="us-gaap_PropertyPlantAndEquipmentEstimatedUsefulLives_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentEstimatedUsefulLives_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Useful life assets</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross" xlink:label="us-gaap_PropertyPlantAndEquipmentGross" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentGross_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentGross" xlink:to="us-gaap_PropertyPlantAndEquipmentGross_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentGross_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance</label>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentGross_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Gross</label>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentGross_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount transferred to vessels' cost</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentImpairmentOrDisposalAbstract" xlink:label="us-gaap_PropertyPlantAndEquipmentImpairmentOrDisposalAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentImpairmentOrDisposalAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PropertyPlantAndEquipmentImpairmentOrDisposalAbstract" xlink:to="us-gaap_PropertyPlantAndEquipmentImpairmentOrDisposalAbstract_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentImpairment" xlink:label="us-gaap_PropertyPlantAndEquipmentImpairment" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentImpairment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PropertyPlantAndEquipmentImpairment" xlink:to="us-gaap_PropertyPlantAndEquipmentImpairment_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentImpairment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment of Long Lived Assets</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentLineItems" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PropertyPlantAndEquipmentLineItems" xlink:to="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Useful life</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="us-gaap_PropertyPlantAndEquipmentNet" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNet" xlink:to="us-gaap_PropertyPlantAndEquipmentNet_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance</label>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:type="resource" xml:lang="en-US">Book value of vessel</label>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Net</label>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net book value of long-lived assets</label>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Vessels, port terminals and other fixed assets, net</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentOtherTypesMember" xlink:label="us-gaap_PropertyPlantAndEquipmentOtherTypesMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentOtherTypesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PropertyPlantAndEquipmentOtherTypesMember" xlink:to="us-gaap_PropertyPlantAndEquipmentOtherTypesMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentOtherTypesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Other Types</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentPlannedMajorMaintenanceActivitiesPolicy" xlink:label="us-gaap_PropertyPlantAndEquipmentPlannedMajorMaintenanceActivitiesPolicy" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentPlannedMajorMaintenanceActivitiesPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Drydock and Special Survey Costs [Policy Text Block] xxx</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentPlannedMajorMaintenanceActivitiesPolicy" xlink:to="us-gaap_PropertyPlantAndEquipmentPlannedMajorMaintenanceActivitiesPolicy_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentPlannedMajorMaintenanceActivitiesPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Drydock and Special Survey Costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:label="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:to="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vessel, Port Terminal, Tanker Vessels, Barges, Pushboats and Other Fixed Assets, net</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentScheduleOfSignificantAcquisitionsAndDisposalsTextBlock" xlink:label="us-gaap_PropertyPlantAndEquipmentScheduleOfSignificantAcquisitionsAndDisposalsTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentScheduleOfSignificantAcquisitionsAndDisposalsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Schedule Of Significant Acquisitions And Disposals [Text Block]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentScheduleOfSignificantAcquisitionsAndDisposalsTextBlock" xlink:to="us-gaap_PropertyPlantAndEquipmentScheduleOfSignificantAcquisitionsAndDisposalsTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentScheduleOfSignificantAcquisitionsAndDisposalsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disposal of Assets</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:label="us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessels</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:to="us-gaap_PropertyPlantAndEquipmentTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vessels, Port Terminals, Tanker Vessels, Barges, Push boats and other fixed assets</label>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Vessels</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTransfersAndChanges" xlink:label="us-gaap_PropertyPlantAndEquipmentTransfersAndChanges" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentTransfersAndChanges_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PropertyPlantAndEquipmentTransfersAndChanges" xlink:to="us-gaap_PropertyPlantAndEquipmentTransfersAndChanges_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentTransfersAndChanges_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfers / Restructure of capital lease</label>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentTransfersAndChanges_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Decrease in capital lease obligations due to restructuring</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:to="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Type</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:to="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Useful life assets</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertySubjectToOrAvailableForOperatingLeaseByMajorPropertyClassTable" xlink:label="us-gaap_PropertySubjectToOrAvailableForOperatingLeaseByMajorPropertyClassTable" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertySubjectToOrAvailableForOperatingLeaseByMajorPropertyClassTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PropertySubjectToOrAvailableForOperatingLeaseByMajorPropertyClassTable" xlink:to="us-gaap_PropertySubjectToOrAvailableForOperatingLeaseByMajorPropertyClassTable_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertySubjectToOrAvailableForOperatingLeaseLineItems" xlink:label="us-gaap_PropertySubjectToOrAvailableForOperatingLeaseLineItems" xlink:type="locator"/>
    <label xlink:label="us-gaap_PropertySubjectToOrAvailableForOperatingLeaseLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_PropertySubjectToOrAvailableForOperatingLeaseLineItems" xlink:to="us-gaap_PropertySubjectToOrAvailableForOperatingLeaseLineItems_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_PropertySubjectToOrAvailableForOperatingLeaseLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease payments and dates [Line Items]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProvisionForDoubtfulAccounts" xlink:label="us-gaap_ProvisionForDoubtfulAccounts" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProvisionForDoubtfulAccounts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for losses on accounts receivable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvisionForDoubtfulAccounts" xlink:to="us-gaap_ProvisionForDoubtfulAccounts_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProvisionForDoubtfulAccounts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Provision for losses on accounts receivable</label>
    <label xlink:label="us-gaap_ProvisionForDoubtfulAccounts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Charges to Costs and Expenses</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProvisionForLossOnContracts" xlink:label="us-gaap_ProvisionForLossOnContracts" xlink:type="locator"/>
    <label xlink:label="us-gaap_ProvisionForLossOnContracts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ProvisionForLossOnContracts" xlink:to="us-gaap_ProvisionForLossOnContracts_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ProvisionForLossOnContracts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provision for loss making voyages in progress</label>
    <label xlink:label="us-gaap_ProvisionForLossOnContracts_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Provision for losses on voyages in progress</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RangeAxis" xlink:label="us-gaap_RangeAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_RangeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Range [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RangeAxis" xlink:to="us-gaap_RangeAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RangeMember" xlink:label="us-gaap_RangeMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_RangeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Range [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_RangeMember_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivablesAbstract" xlink:label="us-gaap_ReceivablesAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_ReceivablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ReceivablesAbstract" xlink:to="us-gaap_ReceivablesAbstract_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivablesPolicyTextBlock" xlink:label="us-gaap_ReceivablesPolicyTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_ReceivablesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ReceivablesPolicyTextBlock" xlink:to="us-gaap_ReceivablesPolicyTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ReceivablesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade Accounts Receivable</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:label="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:type="locator"/>
    <label xlink:label="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:to="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Reclassification to earnings</label>
    <label xlink:label="us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Realized holding loss on investments in-available-for-sale-securities</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RedeemablePreferredStockDividends" xlink:label="us-gaap_RedeemablePreferredStockDividends" xlink:type="locator"/>
    <label xlink:label="us-gaap_RedeemablePreferredStockDividends_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_RedeemablePreferredStockDividends" xlink:to="us-gaap_RedeemablePreferredStockDividends_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_RedeemablePreferredStockDividends_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividend on Preferred Stock and on unvested restricted shares</label>
    <label xlink:label="us-gaap_RedeemablePreferredStockDividends_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Declared and undeclared dividend on preferred stock and on unvested restricted shares</label>
    <label xlink:label="us-gaap_RedeemablePreferredStockDividends_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Less: Dividend on preferred stock</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="us-gaap_RelatedPartyDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_RelatedPartyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyDomain" xlink:to="us-gaap_RelatedPartyDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionAxis" xlink:label="us-gaap_RelatedPartyTransactionAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_RelatedPartyTransactionAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_RelatedPartyTransactionAxis" xlink:to="us-gaap_RelatedPartyTransactionAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionDate" xlink:label="us-gaap_RelatedPartyTransactionDate" xlink:type="locator"/>
    <label xlink:label="us-gaap_RelatedPartyTransactionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_RelatedPartyTransactionDate" xlink:to="us-gaap_RelatedPartyTransactionDate_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_RelatedPartyTransactionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Termination date of agreement</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionDomain" xlink:label="us-gaap_RelatedPartyTransactionDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_RelatedPartyTransactionDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_RelatedPartyTransactionDomain" xlink:to="us-gaap_RelatedPartyTransactionDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionLineItems" xlink:label="us-gaap_RelatedPartyTransactionLineItems" xlink:type="locator"/>
    <label xlink:label="us-gaap_RelatedPartyTransactionLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_RelatedPartyTransactionLineItems" xlink:to="us-gaap_RelatedPartyTransactionLineItems_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty" xlink:label="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty" xlink:type="locator"/>
    <label xlink:label="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty" xlink:to="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commisions paid</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:label="us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:type="locator"/>
    <label xlink:label="us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:to="us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">General and administrative expenses incurred on behalf of affiliates</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionTermsAndMannerOfSettlement" xlink:label="us-gaap_RelatedPartyTransactionTermsAndMannerOfSettlement" xlink:type="locator"/>
    <label xlink:label="us-gaap_RelatedPartyTransactionTermsAndMannerOfSettlement_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_RelatedPartyTransactionTermsAndMannerOfSettlement" xlink:to="us-gaap_RelatedPartyTransactionTermsAndMannerOfSettlement_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_RelatedPartyTransactionTermsAndMannerOfSettlement_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Drydocking expenses reimbursement</label>
    <label xlink:label="us-gaap_RelatedPartyTransactionTermsAndMannerOfSettlement_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Terms of settlement of related party transaction</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="us-gaap_RelatedPartyTransactionsAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_RelatedPartyTransactionsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_RelatedPartyTransactionsAbstract" xlink:to="us-gaap_RelatedPartyTransactionsAbstract_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:to="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:to="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">TRANSACTIONS WITH RELATED PARTIES</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RepaymentsOfConvertibleDebt" xlink:label="us-gaap_RepaymentsOfConvertibleDebt" xlink:type="locator"/>
    <label xlink:label="us-gaap_RepaymentsOfConvertibleDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repurchase of convertible bond</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RepaymentsOfSeniorDebt" xlink:label="us-gaap_RepaymentsOfSeniorDebt" xlink:type="locator"/>
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    <label xlink:label="us-gaap_RepaymentsOfSeniorDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repayment of senior notes</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:type="locator"/>
    <label xlink:label="us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted cash</label>
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    <label xlink:label="us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash - Book Value</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" xlink:label="us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Cash And Cash Equivalents Cash And Cash Equivalents [Axis]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:label="us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents [Domain]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsItemsLineItems" xlink:label="us-gaap_RestrictedCashAndCashEquivalentsItemsLineItems" xlink:type="locator"/>
    <label xlink:label="us-gaap_RestrictedCashAndCashEquivalentsItemsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_RestrictedCashAndCashEquivalentsItemsLineItems" xlink:to="us-gaap_RestrictedCashAndCashEquivalentsItemsLineItems_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_RestrictedCashAndCashEquivalentsItemsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted Cash Balances and Types</label>
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    <label xlink:label="us-gaap_RestrictedStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Stock [Member]</label>
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    <label xlink:label="us-gaap_RestrictedStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted share unit</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings" xlink:label="us-gaap_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings" xlink:type="locator"/>
    <label xlink:label="us-gaap_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings" xlink:to="us-gaap_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted common stock issued number</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RestrictedStockUnitsRSUMember" xlink:label="us-gaap_RestrictedStockUnitsRSUMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_RestrictedStockUnitsRSUMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_RestrictedStockUnitsRSUMember" xlink:to="us-gaap_RestrictedStockUnitsRSUMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_RestrictedStockUnitsRSUMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted stock units</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:type="locator"/>
    <label xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:to="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retained earnings</label>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:title="label: RetainedEarningsAccumulatedDeficit to label_RetainedEarningsAccumulatedDeficit" xlink:to="label_RetainedEarningsAccumulatedDeficit" xlink:type="arc"/>
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    <label xlink:label="us-gaap_RetainedEarningsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained Earnings [Member]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RevenueRecognitionLeases" xlink:label="us-gaap_RevenueRecognitionLeases" xlink:type="locator"/>
    <label xlink:label="us-gaap_RevenueRecognitionLeases_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Leases [Policy Text Block] xxx</label>
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    <label xlink:label="us-gaap_RevenueRecognitionLeases_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Leases</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RevenueRecognitionSalesOfServices" xlink:label="us-gaap_RevenueRecognitionSalesOfServices" xlink:type="locator"/>
    <label xlink:label="us-gaap_RevenueRecognitionSalesOfServices_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_RevenueRecognitionSalesOfServices" xlink:to="us-gaap_RevenueRecognitionSalesOfServices_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_RevenueRecognitionSalesOfServices_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue and Expense Recognition</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems" xlink:label="us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems" xlink:type="locator"/>
    <label xlink:label="us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems" xlink:to="us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems_lbl" xlink:type="arc"/>
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    <label xlink:label="us-gaap_Revenues_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RevolvingCreditFacilityMember" xlink:label="us-gaap_RevolvingCreditFacilityMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_RevolvingCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_RevolvingCreditFacilityMember" xlink:to="us-gaap_RevolvingCreditFacilityMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_RevolvingCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revolving Credit Facility</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SaleOfStockNameOfTransactionDomain" xlink:label="us-gaap_SaleOfStockNameOfTransactionDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_SaleOfStockNameOfTransactionDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_SaleOfStockNameOfTransactionDomain" xlink:to="us-gaap_SaleOfStockNameOfTransactionDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction" xlink:label="us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction" xlink:type="locator"/>
    <label xlink:label="us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction" xlink:to="us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SaleOfStockPricePerShare" xlink:label="us-gaap_SaleOfStockPricePerShare" xlink:type="locator"/>
    <label xlink:label="us-gaap_SaleOfStockPricePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale Of Stock Price Per Share</label>
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    <label xlink:label="us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Condensed Balance Sheet [Table Text Block]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:label="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:type="locator"/>
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    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forfeited shares of common stock</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Granted, shares</label>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Number of common stock issued to employees</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non Vested, shares</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average remaining term</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vested, value</label>
    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:type="resource" xml:lang="en-US">Vested, value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vested stock units</label>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Shares vested from the outstanding restricted stock</label>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Vested, shares</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Expiration Date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vesting Date</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTermSimplifiedMethod" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTermSimplifiedMethod" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTermSimplifiedMethod_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term Simplified Method</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTermSimplifiedMethod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTermSimplifiedMethod_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTermSimplifiedMethod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected term simplified method</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected volatility</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Method used for the calculation of all stock options awards</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Risk free rate</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Forfeited or expired, shares</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercisable, shares</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercised, value</label>
    <label id="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:label="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:type="resource" xml:lang="en-US">Exercised, value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:title="label: ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue to label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:to="label_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expired</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Granted, shares</label>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Number of stock options issued to employees</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" 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="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Outstanding aggregate fair value beginning of period</label>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value</label>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Outstanding, value</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Outstanding number of shares end of period</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Outstanding number of shares beginning of period</label>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number</label>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Outstanding, shares</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Outstanding</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercisable, shares</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vested, shares</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Award [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercise price</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" 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="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Granted weighted average exercise price</label>
    <label xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Granted</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationAwardTrancheOneMember" xlink:label="us-gaap_ShareBasedCompensationAwardTrancheOneMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationAwardTrancheOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ShareBasedCompensationAwardTrancheOneMember" xlink:to="us-gaap_ShareBasedCompensationAwardTrancheOneMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationAwardTrancheOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tranche - Year 1</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationAwardTrancheThreeMember" xlink:label="us-gaap_ShareBasedCompensationAwardTrancheThreeMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationAwardTrancheThreeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ShareBasedCompensationAwardTrancheThreeMember" xlink:to="us-gaap_ShareBasedCompensationAwardTrancheThreeMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationAwardTrancheThreeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tranche - Year 3</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationAwardTrancheTwoMember" xlink:label="us-gaap_ShareBasedCompensationAwardTrancheTwoMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationAwardTrancheTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ShareBasedCompensationAwardTrancheTwoMember" xlink:to="us-gaap_ShareBasedCompensationAwardTrancheTwoMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensationAwardTrancheTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tranche - Year 2</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:to="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:to="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="us-gaap_ShareBasedCompensation" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareBasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share based compensation</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensation" xlink:to="us-gaap_ShareBasedCompensation_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_ShareBasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock based compensation, value (note 17)</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharePrice" xlink:label="us-gaap_SharePrice" xlink:type="locator"/>
    <label xlink:label="us-gaap_SharePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Price</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharePrice" xlink:to="us-gaap_SharePrice_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_SharePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Closing price of the common stock</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareRepurchaseProgramAxis" xlink:label="us-gaap_ShareRepurchaseProgramAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareRepurchaseProgramAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ShareRepurchaseProgramAxis" xlink:to="us-gaap_ShareRepurchaseProgramAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareRepurchaseProgramDomain" xlink:label="us-gaap_ShareRepurchaseProgramDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_ShareRepurchaseProgramDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_ShareRepurchaseProgramDomain" xlink:to="us-gaap_ShareRepurchaseProgramDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage" xlink:type="locator"/>
    <label xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of vesting of the service conditions options, per each year</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:type="locator"/>
    <label xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contractual term of the award</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:type="locator"/>
    <label xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Years to maturity</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:type="locator"/>
    <label xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average remaining term</label>
    <label xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted average time to vest</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:type="locator"/>
    <label xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non vested stock option remaining contractual term</label>
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    <label xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares</label>
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    <label xlink:label="us-gaap_SharesIssuedPricePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shares Issued Price Per Share</label>
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    <label xlink:label="us-gaap_SharesIssuedPricePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Price per unit</label>
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    <label xlink:label="us-gaap_SharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance, shares</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesIssued" xlink:to="us-gaap_SharesIssued_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_SharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance, shares</label>
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    <label xlink:label="us-gaap_SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock" xlink:to="us-gaap_SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShortTermDebtTypeAxis" xlink:label="us-gaap_ShortTermDebtTypeAxis" xlink:type="locator"/>
    <label id="label_ShortTermDebtTypeAxis" xlink:label="us-gaap_ShortTermDebtTypeAxis_lbl" 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>
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    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermDebtTypeDomain" xlink:to="us-gaap_ShortTermDebtTypeDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_SignificantAccountingPoliciesTextBlock" xlink:to="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SignificantAcquisitionsAndDisposalsAcquisitionCostsOrSaleProceeds" xlink:label="us-gaap_SignificantAcquisitionsAndDisposalsAcquisitionCostsOrSaleProceeds" xlink:type="locator"/>
    <label xlink:label="us-gaap_SignificantAcquisitionsAndDisposalsAcquisitionCostsOrSaleProceeds_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Acquisitions And Disposals Acquisition Costs Or Sale Proceeds</label>
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    <label xlink:label="us-gaap_SignificantAcquisitionsAndDisposalsAcquisitionCostsOrSaleProceeds_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total consideration paid/received from acquisition/sale</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SignificantAcquisitionsAndDisposalsByTransactionAxis" xlink:label="us-gaap_SignificantAcquisitionsAndDisposalsByTransactionAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_SignificantAcquisitionsAndDisposalsByTransactionAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Acquisitions And Disposals By Transaction [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SignificantAcquisitionsAndDisposalsByTransactionAxis" xlink:to="us-gaap_SignificantAcquisitionsAndDisposalsByTransactionAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SignificantAcquisitionsAndDisposalsDateOfTransactionForAcquisitionsOrDisposals" xlink:label="us-gaap_SignificantAcquisitionsAndDisposalsDateOfTransactionForAcquisitionsOrDisposals" xlink:type="locator"/>
    <label xlink:label="us-gaap_SignificantAcquisitionsAndDisposalsDateOfTransactionForAcquisitionsOrDisposals_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Acquisitions And Disposals Date Of Transaction For Acquisitions Or Disposals</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SignificantAcquisitionsAndDisposalsDateOfTransactionForAcquisitionsOrDisposals" xlink:to="us-gaap_SignificantAcquisitionsAndDisposalsDateOfTransactionForAcquisitionsOrDisposals_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_SignificantAcquisitionsAndDisposalsDateOfTransactionForAcquisitionsOrDisposals_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Date of disposal</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SignificantAcquisitionsAndDisposalsGainLossOnSaleOrDisposalPretax" xlink:label="us-gaap_SignificantAcquisitionsAndDisposalsGainLossOnSaleOrDisposalPretax" xlink:type="locator"/>
    <label xlink:label="us-gaap_SignificantAcquisitionsAndDisposalsGainLossOnSaleOrDisposalPretax_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Acquisitions And Disposals Gain Loss On Sale Or Disposal Pretax</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SignificantAcquisitionsAndDisposalsGainLossOnSaleOrDisposalPretax" xlink:to="us-gaap_SignificantAcquisitionsAndDisposalsGainLossOnSaleOrDisposalPretax_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_SignificantAcquisitionsAndDisposalsGainLossOnSaleOrDisposalPretax_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total gain</label>
    <label xlink:label="us-gaap_SignificantAcquisitionsAndDisposalsGainLossOnSaleOrDisposalPretax_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Total gain</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:label="us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:type="locator"/>
    <label xlink:label="us-gaap_SignificantAcquisitionsAndDisposalsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Acquisitions And Disposals [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SignificantAcquisitionsAndDisposalsLineItems" xlink:to="us-gaap_SignificantAcquisitionsAndDisposalsLineItems_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SignificantAcquisitionsAndDisposalsTransactionDomain" xlink:label="us-gaap_SignificantAcquisitionsAndDisposalsTransactionDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_SignificantAcquisitionsAndDisposalsTransactionDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Acquisitions And Disposals Transaction [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SignificantAcquisitionsAndDisposalsTransactionDomain" xlink:to="us-gaap_SignificantAcquisitionsAndDisposalsTransactionDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SouthAmericaMember" xlink:label="us-gaap_SouthAmericaMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_SouthAmericaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">South America [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SouthAmericaMember" xlink:to="us-gaap_SouthAmericaMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_SouthAmericaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">South America</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_StatementBusinessSegmentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_StatementBusinessSegmentsAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="us-gaap_StatementClassOfStockAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_StatementClassOfStockAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="us-gaap_StatementEquityComponentsAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_StatementEquityComponentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_StatementEquityComponentsAxis" xlink:to="us-gaap_StatementEquityComponentsAxis_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementGeographicalAxis" xlink:label="us-gaap_StatementGeographicalAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_StatementGeographicalAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement Geographical [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementGeographicalAxis" xlink:to="us-gaap_StatementGeographicalAxis_lbl" xlink:type="arc"/>
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    <label xlink:label="us-gaap_StatementLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementLineItems_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="us-gaap_StatementOfCashFlowsAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CONSOLIDATED STATEMENTS OF CASH FLOWS [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_StatementOfCashFlowsAbstract_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="us-gaap_StatementOfFinancialPositionAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_StatementOfFinancialPositionAbstract_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Balance sheet</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_StatementOfStockholdersEquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_StatementOfStockholdersEquityAbstract" xlink:to="us-gaap_StatementOfStockholdersEquityAbstract_lbl" xlink:type="arc"/>
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    <label xlink:label="us-gaap_StatementScenarioAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementScenarioAxis" xlink:to="us-gaap_StatementScenarioAxis_lbl" xlink:type="arc"/>
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    <label xlink:label="us-gaap_StatementTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement [Table]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl" xlink:type="arc"/>
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    <label xlink:label="us-gaap_StockCompensationPlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_StockCompensationPlanMember" xlink:to="us-gaap_StockCompensationPlanMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_StockCompensationPlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted share unit awards</label>
    <label xlink:label="us-gaap_StockCompensationPlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Stock-Based Compensation</label>
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    <label xlink:label="us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Conversion of Preferred Stock, Shares</label>
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    <label xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares issued-common stock</label>
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    <label xlink:label="us-gaap_StockIssuedDuringPeriodSharesPurchaseOfAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_StockIssuedDuringPeriodSharesPurchaseOfAssets" xlink:to="us-gaap_StockIssuedDuringPeriodSharesPurchaseOfAssets_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_StockIssuedDuringPeriodSharesPurchaseOfAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issuance of preferred shares to finance purchase of vessel</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensationForfeited" xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensationForfeited" xlink:type="locator"/>
    <label xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensationForfeited_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Issued During Period Shares Share Based Compensation Forfeited</label>
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    <label xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:to="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock-based compensation expenses, shares (Note 16)</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:type="locator"/>
    <label xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:to="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercised, shares</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:label="us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:type="locator"/>
    <label xlink:label="us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:to="us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Conversion of Preferred Stock</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:type="locator"/>
    <label xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issuance of preferred stock, net of expenses (Note 16), values</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense" xlink:label="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense" xlink:type="locator"/>
    <label xlink:label="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense" xlink:to="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total amount of shares issued</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockRedeemedOrCalledDuringPeriodShares" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodShares" xlink:type="locator"/>
    <label xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Redeemed Or Called During Period Shares</label>
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    <label xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Tender Offer - Redemption of preferred stock (Note 16), shares</label>
    <label id="label_StockRedeemedOrCalledDuringPeriodShares" xlink:label="label_StockRedeemedOrCalledDuringPeriodShares" 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>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:label="us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:type="locator"/>
    <label xlink:label="us-gaap_StockRepurchaseProgramAuthorizedAmount1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:to="us-gaap_StockRepurchaseProgramAuthorizedAmount1_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_StockRepurchaseProgramAuthorizedAmount1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share repurchase program, Authorized amount</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockRepurchasedAndRetiredDuringPeriodShares" xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodShares" xlink:type="locator"/>
    <label xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_StockRepurchasedAndRetiredDuringPeriodShares" xlink:to="us-gaap_StockRepurchasedAndRetiredDuringPeriodShares_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Shares returned to the company</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="us-gaap_StockholdersEquityAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stockholders' equity [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityAbstract" xlink:to="us-gaap_StockholdersEquityAbstract_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stockholders' equity</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:type="locator"/>
    <label xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance, value</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance, value</label>
    <label xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stockholders Equity Including Portion Attributable To Noncontrolling Interest</label>
    <label xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total stockholders' equity</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:type="locator"/>
    <label xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:to="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PREFERRED AND COMMON STOCK</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy" xlink:label="us-gaap_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy" xlink:type="locator"/>
    <label xlink:label="us-gaap_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy" xlink:to="us-gaap_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cumulative Redeemable Perpetual Preferred Stock</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity" xlink:type="locator"/>
    <label xlink:label="us-gaap_StockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_StockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Navios Holdings stockholders' equity</label>
    <label xlink:label="us-gaap_StockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Navios Holdings stockholders' equity</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubordinatedDebtMember" xlink:label="us-gaap_SubordinatedDebtMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_SubordinatedDebtMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subordinated Debt [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubordinatedDebtMember" xlink:to="us-gaap_SubordinatedDebtMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_SubordinatedDebtMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subordinated Debt</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubsequentEventLineItems" xlink:label="us-gaap_SubsequentEventLineItems" xlink:type="locator"/>
    <label xlink:label="us-gaap_SubsequentEventLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsequent Event [Line Items]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventLineItems" xlink:to="us-gaap_SubsequentEventLineItems_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="us-gaap_SubsequentEventMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_SubsequentEventMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsequent Event [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventMember" xlink:to="us-gaap_SubsequentEventMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_SubsequentEventMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsequent event</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubsequentEventTable" xlink:label="us-gaap_SubsequentEventTable" xlink:type="locator"/>
    <label xlink:label="us-gaap_SubsequentEventTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsequent Event [Table]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTable" xlink:to="us-gaap_SubsequentEventTable_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="us-gaap_SubsequentEventTypeAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_SubsequentEventTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsequent Event Type [Axis]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTypeAxis" xlink:to="us-gaap_SubsequentEventTypeAxis_lbl" xlink:type="arc"/>
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    <label xlink:label="us-gaap_SubsequentEventTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_SubsequentEventTypeDomain" xlink:to="us-gaap_SubsequentEventTypeDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubsequentEventsAbstract" xlink:label="us-gaap_SubsequentEventsAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_SubsequentEventsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SUBSEQUENT EVENTS [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventsAbstract" xlink:to="us-gaap_SubsequentEventsAbstract_lbl" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubsidiaryOrEquityMethodInvesteeNatureOfOperations" xlink:label="us-gaap_SubsidiaryOrEquityMethodInvesteeNatureOfOperations" xlink:type="locator"/>
    <label xlink:label="us-gaap_SubsidiaryOrEquityMethodInvesteeNatureOfOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_SubsidiaryOrEquityMethodInvesteeNatureOfOperations" xlink:to="us-gaap_SubsidiaryOrEquityMethodInvesteeNatureOfOperations_lbl" xlink:type="arc"/>
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    <label xlink:label="us-gaap_SubsidiarySaleOfStockAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION [Abstract]</label>
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    <label xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Supplies" xlink:label="us-gaap_Supplies" xlink:type="locator"/>
    <label xlink:label="us-gaap_Supplies_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Supplies</label>
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    <label xlink:label="us-gaap_Supplies_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances to agents</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TaxesExcludingIncomeAndExciseTaxes" xlink:label="us-gaap_TaxesExcludingIncomeAndExciseTaxes" xlink:type="locator"/>
    <label xlink:label="us-gaap_TaxesExcludingIncomeAndExciseTaxes_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Taxes Excluding Income And Excise Taxes</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TaxesExcludingIncomeAndExciseTaxes" xlink:to="us-gaap_TaxesExcludingIncomeAndExciseTaxes_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_TaxesExcludingIncomeAndExciseTaxes_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other (expense)/income - taxes other than income taxes</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TradeNamesMember" xlink:label="us-gaap_TradeNamesMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_TradeNamesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade Names [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TradeNamesMember" xlink:to="us-gaap_TradeNamesMember_lbl" xlink:type="arc"/>
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    <label xlink:label="us-gaap_TradeNamesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Trade name</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TransferToInvestments" xlink:label="us-gaap_TransferToInvestments" xlink:type="locator"/>
    <label xlink:label="us-gaap_TransferToInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfer To Investments</label>
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    <label xlink:label="us-gaap_TransferToInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reclassification of investments in available for sale securities to investments in affiliates</label>
    <label xlink:label="us-gaap_TransferToInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Reclassification of investments in available-for-sale securities to investments in affiliates</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:label="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Instruments [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:to="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TreasuryStockSharesAcquired" xlink:label="us-gaap_TreasuryStockSharesAcquired" xlink:type="locator"/>
    <label xlink:label="us-gaap_TreasuryStockSharesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Treasury Stock Shares Acquired</label>
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    <label xlink:label="us-gaap_TreasuryStockSharesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares repurchased</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TreasuryStockValueAcquiredCostMethod" xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod" xlink:type="locator"/>
    <label xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Treasury Stock Value Acquired Cost Method</label>
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    <label xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Value of shares repurchased</label>
    <label xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of treasury stock, value</label>
    <label xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Acquisition of treasury stock, value (Note 16)</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnitedStatesPensionPlansOfUSEntityDefinedBenefitMember" xlink:label="us-gaap_UnitedStatesPensionPlansOfUSEntityDefinedBenefitMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_UnitedStatesPensionPlansOfUSEntityDefinedBenefitMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">United States Pension Plan of US Entity [Member]</label>
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    <label xlink:label="us-gaap_UnitedStatesPensionPlansOfUSEntityDefinedBenefitMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">US Retirement Savings Plan</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="us-gaap_UnrealizedGainLossOnDerivatives" xlink:type="locator"/>
    <label xlink:label="us-gaap_UnrealizedGainLossOnDerivatives_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrealized Gain (Loss) on Derivatives</label>
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    <label xlink:label="us-gaap_UnrealizedGainLossOnDerivatives_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net unrealized (losses)/gains on FFAs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnsecuredDebtMember" xlink:label="us-gaap_UnsecuredDebtMember" xlink:type="locator"/>
    <label xlink:label="us-gaap_UnsecuredDebtMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unsecured Debt [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnsecuredDebtMember" xlink:to="us-gaap_UnsecuredDebtMember_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_UnsecuredDebtMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unsecured bond</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UseOfEstimates" xlink:label="us-gaap_UseOfEstimates" xlink:type="locator"/>
    <label xlink:label="us-gaap_UseOfEstimates_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Use of Estimates [Policy Text Block]</label>
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    <label xlink:label="us-gaap_UseOfEstimates_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Use of Estimates</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableInterestEntityOwnershipPercentage" xlink:label="us-gaap_VariableInterestEntityOwnershipPercentage" xlink:type="locator"/>
    <label xlink:label="us-gaap_VariableInterestEntityOwnershipPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_VariableInterestEntityOwnershipPercentage" xlink:to="us-gaap_VariableInterestEntityOwnershipPercentage_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_VariableInterestEntityOwnershipPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of voting stock of Navios Holdings in Navios Acquisition</label>
    <label xlink:label="us-gaap_VariableInterestEntityOwnershipPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Percentage of voting stock held</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VestingAxis" xlink:label="us-gaap_VestingAxis" xlink:type="locator"/>
    <label xlink:label="us-gaap_VestingAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vesting [Axis]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VestingDomain" xlink:label="us-gaap_VestingDomain" xlink:type="locator"/>
    <label xlink:label="us-gaap_VestingDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vesting [Domain]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VestingDomain" xlink:to="us-gaap_VestingDomain_lbl" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:label="us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:type="locator"/>
    <label xlink:label="us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" 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="us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:to="us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dilutive effect of securities</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:type="locator"/>
    <label xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average number of shares, diluted</label>
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    <label xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Denominator for diluted net income per share attributable to Navios Holdings stockholders - adjusted weighted shares and assumed conversions</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:label="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:type="locator"/>
    <label xlink:label="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Basic and Diluted</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:to="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_lbl" xlink:type="arc"/>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:type="locator"/>
    <label xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average number of shares, basic</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Denominator for basic net loss per share attributable to Navios Holdings stockholders - weighted average shares</label>
    <label xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Denominator for basic net income per share attributable to Navios Holdings stockholders - weighted average shares</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract" xlink:type="locator"/>
    <label xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Number Of Shares Outstanding Diluted Disclosure Items [Abstract]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract_lbl" xlink:type="arc"/>
    <label xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Denominator:</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesOther" xlink:label="StockIssuedDuringPeriodSharesOther" xlink:title="StockIssuedDuringPeriodSharesOther" xlink:type="locator"/>
    <label id="label_StockIssuedDuringPeriodSharesOther" xlink:label="label_StockIssuedDuringPeriodSharesOther" 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 16), 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" xlink:type="arc"/>
    <label id="label_StockIssuedDuringPeriodSharesOther_2" xlink:label="label_StockIssuedDuringPeriodSharesOther_2" 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_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/2016/elts/us-gaap-2016-01-31.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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockRedeemedOrCalledDuringPeriodValue" xlink:label="StockRedeemedOrCalledDuringPeriodValue" xlink:title="StockRedeemedOrCalledDuringPeriodValue" xlink:type="locator"/>
    <label id="label_StockRedeemedOrCalledDuringPeriodValue" xlink:label="label_StockRedeemedOrCalledDuringPeriodValue" 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" xlink:type="arc"/>
    <label id="label_StockRedeemedOrCalledDuringPeriodValue_2" xlink:label="label_StockRedeemedOrCalledDuringPeriodValue_2" 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 16), 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_3" xlink:label="label_StockRedeemedOrCalledDuringPeriodValue_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_StockRedeemedOrCalledDuringPeriodValue" xlink:type="resource" xml:lang="en-US">Amount of tender offer paid in cash</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_4" xlink:label="label_StockRedeemedOrCalledDuringPeriodValue_4" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_StockRedeemedOrCalledDuringPeriodValue" xlink:type="resource" xml:lang="en-US">Tender Offer &#x2013; 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_4" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.xsd#nm_SalePriceContractualAgreementNet" xlink:label="SalePriceContractualAgreementNet" xlink:title="SalePriceContractualAgreementNet" xlink:type="locator"/>
    <label id="label_SalePriceContractualAgreementNet" xlink:label="label_SalePriceContractualAgreementNet" 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" xlink:type="arc"/>
    <label id="label_SalePriceContractualAgreementNet_2" xlink:label="label_SalePriceContractualAgreementNet_2" 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_2" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.xsd#nm_EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:label="EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:title="EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:type="locator"/>
    <label id="label_EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:label="label_EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity" 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" xlink:type="arc"/>
    <label id="label_EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity_2" xlink:label="label_EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity_2" 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>
    <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_3" xlink:label="label_EquityMethodInvestmentUnamortizedDifferenceBetweenCarryingAmountAndUnderlyingEquity_3" 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_3" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.xsd#nm_NaviosLogisticsBBVALoanFacilityMember" xlink:label="NaviosLogisticsBBVALoanFacility" xlink:title="NaviosLogisticsBBVALoanFacility" xlink:type="locator"/>
    <label id="label_NaviosLogisticsBBVALoanFacility" xlink:label="label_NaviosLogisticsBBVALoanFacility" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NaviosLogisticsBBVALoanFacility" 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="NaviosLogisticsBBVALoanFacility" xlink:title="label: NaviosLogisticsBBVALoanFacility to label_NaviosLogisticsBBVALoanFacility" xlink:to="label_NaviosLogisticsBBVALoanFacility" xlink:type="arc"/>
    <label id="label_NaviosLogisticsBBVALoanFacility_2" xlink:label="label_NaviosLogisticsBBVALoanFacility_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NaviosLogisticsBBVALoanFacility" 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="NaviosLogisticsBBVALoanFacility" xlink:title="label: NaviosLogisticsBBVALoanFacility to label_NaviosLogisticsBBVALoanFacility" xlink:to="label_NaviosLogisticsBBVALoanFacility_2" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.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-20161231.xsd#nm_UndeclaredPreferredDividends" xlink:label="UndeclaredPreferredDividends" xlink:title="UndeclaredPreferredDividends" xlink:type="locator"/>
    <label id="label_UndeclaredPreferredDividends" xlink:label="label_UndeclaredPreferredDividends" 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" xlink:type="arc"/>
    <label id="label_UndeclaredPreferredDividends_2" xlink:label="label_UndeclaredPreferredDividends_2" 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_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="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.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/2016/elts/us-gaap-2016-01-31.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="nm-20161231.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-20161231.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-20161231.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="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdvancePaymentsNettedAgainstClaimReceivable" xlink:label="AdvancePaymentsNettedAgainstClaimReceivable" xlink:title="AdvancePaymentsNettedAgainstClaimReceivable" xlink:type="locator"/>
    <label id="label_AdvancePaymentsNettedAgainstClaimReceivable" xlink:label="label_AdvancePaymentsNettedAgainstClaimReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdvancePaymentsNettedAgainstClaimReceivable" xlink:type="resource" xml:lang="en-US">Advance Payments Netted Against Claim Receivable</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdvancePaymentsNettedAgainstClaimReceivable" xlink:title="label: AdvancePaymentsNettedAgainstClaimReceivable to label_AdvancePaymentsNettedAgainstClaimReceivable" xlink:to="label_AdvancePaymentsNettedAgainstClaimReceivable" xlink:type="arc"/>
    <label id="label_AdvancePaymentsNettedAgainstClaimReceivable_2" xlink:label="label_AdvancePaymentsNettedAgainstClaimReceivable_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdvancePaymentsNettedAgainstClaimReceivable" xlink:type="resource" xml:lang="en-US">Cash exchanged due to early redelivery of vessel</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdvancePaymentsNettedAgainstClaimReceivable" xlink:title="label: AdvancePaymentsNettedAgainstClaimReceivable to label_AdvancePaymentsNettedAgainstClaimReceivable" xlink:to="label_AdvancePaymentsNettedAgainstClaimReceivable_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GainLossOnContractTermination" xlink:label="GainLossOnContractTermination" xlink:title="GainLossOnContractTermination" xlink:type="locator"/>
    <label id="label_GainLossOnContractTermination" xlink:label="label_GainLossOnContractTermination" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainLossOnContractTermination" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Contract Termination</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossOnContractTermination" xlink:title="label: GainLossOnContractTermination to label_GainLossOnContractTermination" xlink:to="label_GainLossOnContractTermination" xlink:type="arc"/>
    <label id="label_GainLossOnContractTermination_2" xlink:label="label_GainLossOnContractTermination_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainLossOnContractTermination" xlink:type="resource" xml:lang="en-US">Gain on contract termination</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossOnContractTermination" xlink:title="label: GainLossOnContractTermination to label_GainLossOnContractTermination" xlink:to="label_GainLossOnContractTermination_2" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.xsd#nm_AccountsPayableExtinguishment" xlink:label="AccountsPayableExtinguishment" xlink:title="AccountsPayableExtinguishment" xlink:type="locator"/>
    <label id="label_AccountsPayableExtinguishment" xlink:label="label_AccountsPayableExtinguishment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountsPayableExtinguishment" xlink:type="resource" xml:lang="en-US">Accounts Payable Extinguishment</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" xlink:type="arc"/>
    <label id="label_AccountsPayableExtinguishment_2" xlink:label="label_AccountsPayableExtinguishment_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AccountsPayableExtinguishment" xlink:type="resource" xml:lang="en-US">Amount of claims payable extinguished due to early cancellation of contract.</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_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-20161231.xsd#nm_PreferredStockRedemptionInPeriodAmount" xlink:label="PreferredStockRedemptionInPeriodAmount" xlink:title="PreferredStockRedemptionInPeriodAmount" xlink:type="locator"/>
    <label id="label_PreferredStockRedemptionInPeriodAmount" xlink:label="label_PreferredStockRedemptionInPeriodAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockRedemptionInPeriodAmount" xlink:type="resource" xml:lang="en-US">Tender Offer &#x2013; Redemption of preferred stock Series G and H including $5,063 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" 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_3" xlink:label="label_PreferredStockRedemptionInPeriodAmount_3" 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_3" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.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-20161231.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="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.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"/>
    <label id="label_UnamortizedDebtIssuanceExpense_2" xlink:label="label_UnamortizedDebtIssuanceExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UnamortizedDebtIssuanceExpense" xlink:type="resource" xml:lang="en-US">Unamortized balance of deferred fees</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_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.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/2016/elts/us-gaap-2016-01-31.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/2016/elts/us-gaap-2016-01-31.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="nm-20161231.xsd#nm_SharesExchangedAggregateBookValue" xlink:label="SharesExchangedAggregateBookValue" xlink:title="SharesExchangedAggregateBookValue" xlink:type="locator"/>
    <label id="label_SharesExchangedAggregateBookValue" xlink:label="label_SharesExchangedAggregateBookValue" 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" xlink:type="arc"/>
    <label id="label_SharesExchangedAggregateBookValue_2" xlink:label="label_SharesExchangedAggregateBookValue_2" 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_2" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.xsd#nm_DividendsCancelled" xlink:label="DividendsCancelled" xlink:title="DividendsCancelled" xlink:type="locator"/>
    <label id="label_DividendsCancelled" xlink:label="label_DividendsCancelled" 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" xlink:type="arc"/>
    <label id="label_DividendsCancelled_2" xlink:label="label_DividendsCancelled_2" 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_2" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.xsd#nm_DividendsCancelledMember" xlink:label="DividendCancelledMember" xlink:title="DividendCancelledMember" xlink:type="locator"/>
    <label id="label_DividendCancelledMember" xlink:label="label_DividendCancelledMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendCancelledMember" xlink:type="resource" xml:lang="en-US">Dividends Cancelled [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendCancelledMember" xlink:title="label: DividendCancelledMember to label_DividendCancelledMember" xlink:to="label_DividendCancelledMember" xlink:type="arc"/>
    <label id="label_DividendCancelledMember_2" xlink:label="label_DividendCancelledMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendCancelledMember" xlink:type="resource" xml:lang="en-US">Dividends cancelled</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendCancelledMember" xlink:title="label: DividendCancelledMember to label_DividendCancelledMember" xlink:to="label_DividendCancelledMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.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>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromLegalSettlements" xlink:title="label: ProceedsFromLegalSettlements to label_ProceedsFromLegalSettlements" xlink:to="label_ProceedsFromLegalSettlements" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_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="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_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="nm-20161231.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-20161231.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-20161231.xsd#nm_NaviosIonianMember" xlink:label="SabLorenzoMember" xlink:title="SabLorenzoMember" xlink:type="locator"/>
    <label id="label_SabLorenzoMember" xlink:label="label_SabLorenzoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SabLorenzoMember" xlink:type="resource" xml:lang="en-US">Navios Ionian [Member]</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SabLorenzoMember" xlink:title="label: SabLorenzoMember to label_SabLorenzoMember" xlink:to="label_SabLorenzoMember" xlink:type="arc"/>
    <label id="label_SanLorenzoMember" xlink:label="label_SanLorenzoMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SanLorenzoMember" xlink:type="resource" xml:lang="en-US">Navios Ionian</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SabLorenzoMember" xlink:title="label: SanLorenzoMember to label_SanLorenzoMember" xlink:to="label_SanLorenzoMember" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.xsd#nm_FormosaAndSanLorenzoMember" xlink:label="FormosaMember" xlink:title="FormosaMember" xlink:type="locator"/>
    <label id="label_FormosaMember" xlink:label="label_FormosaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FormosaMember" 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="FormosaMember" xlink:title="label: FormosaMember to label_FormosaMember" xlink:to="label_FormosaMember" xlink:type="arc"/>
    <label id="label_FormosaMember_2" xlink:label="label_FormosaMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FormosaMember" 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="FormosaMember" xlink:title="label: FormosaMember to label_FormosaMember" xlink:to="label_FormosaMember_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.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/2016/elts/us-gaap-2016-01-31.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="nm-20161231.xsd#nm_StockforStockExchangeOfferMember" xlink:label="StockforStockExchangeMember" xlink:title="StockforStockExchangeMember" xlink:type="locator"/>
    <label id="label_StockforStockExchangeMember" xlink:label="label_StockforStockExchangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockforStockExchangeMember" 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="StockforStockExchangeMember" xlink:title="label: StockforStockExchangeMember to label_StockforStockExchangeMember" xlink:to="label_StockforStockExchangeMember" xlink:type="arc"/>
    <label id="label_StockforStockExchangeMember_2" xlink:label="label_StockforStockExchangeMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockforStockExchangeMember" 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="StockforStockExchangeMember" xlink:title="label: StockforStockExchangeMember to label_StockforStockExchangeMember" xlink:to="label_StockforStockExchangeMember_2" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.xsd#nm_StockForStockExchangeRatio" xlink:label="StockForStockExchangeRatio" xlink:title="StockForStockExchangeRatio" xlink:type="locator"/>
    <label id="label_StockForStockExchangeRatio" xlink:label="label_StockForStockExchangeRatio" 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" xlink:type="arc"/>
    <label id="label_StockForStockExchangeRatio_2" xlink:label="label_StockForStockExchangeRatio_2" 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_2" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.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-20161231.xsd#nm_RiverAndEstuaryTankerMember" xlink:label="RiverAndEstuaryTanker" xlink:title="RiverAndEstuaryTanker" xlink:type="locator"/>
    <label id="label_RiverAndEstuaryTanker" xlink:label="label_RiverAndEstuaryTanker" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RiverAndEstuaryTanker" 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="RiverAndEstuaryTanker" xlink:title="label: RiverAndEstuaryTanker to label_RiverAndEstuaryTanker" xlink:to="label_RiverAndEstuaryTanker" xlink:type="arc"/>
    <label id="label_RiverAndEstuaryTanker_2" xlink:label="label_RiverAndEstuaryTanker_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RiverAndEstuaryTanker" 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="RiverAndEstuaryTanker" xlink:title="label: RiverAndEstuaryTanker to label_RiverAndEstuaryTanker" xlink:to="label_RiverAndEstuaryTanker_2" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.xsd#nm_ConstructionFinancingPercentage" xlink:label="ConstructionFinancingPercentage" xlink:title="ConstructionFinancingPercentage" xlink:type="locator"/>
    <label id="label_ConstructionFinancingPercentage" xlink:label="label_ConstructionFinancingPercentage" 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" xlink:type="arc"/>
    <label id="label_ConstructionFinancingPercentage_2" xlink:label="label_ConstructionFinancingPercentage_2" 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_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromSaleOfLongtermInvestments" xlink:label="ProceedsFromSaleOfLongtermInvestments" xlink:title="ProceedsFromSaleOfLongtermInvestments" xlink:type="locator"/>
    <label id="label_ProceedsFromSaleOfLongtermInvestments" xlink:label="label_ProceedsFromSaleOfLongtermInvestments" 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" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.xsd#nm_GainLossFromWriteOffOfIntangible" xlink:label="GainLossFromWriteOffOfIntangible" xlink:title="GainLossFromWriteOffOfIntangible" xlink:type="locator"/>
    <label id="label_GainLossFromWriteOffOfIntangible" xlink:label="label_GainLossFromWriteOffOfIntangible" 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" 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_3" xlink:label="label_GainLossFromWriteOffOfIntangible_3" 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_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OffMarketLeaseUnfavorable" xlink:label="OffMarketLeaseUnfavorable" xlink:title="OffMarketLeaseUnfavorable" xlink:type="locator"/>
    <label id="label_OffMarketLeaseUnfavorable" xlink:label="label_OffMarketLeaseUnfavorable" 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" xlink:type="arc"/>
    <label id="label_OffMarketLeaseUnfavorable_2" xlink:label="label_OffMarketLeaseUnfavorable_2" 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_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="nm-20161231.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-20161231.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_2" xlink:label="label_LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent_2" 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_2" xlink:type="arc"/>
    <label id="label_LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent_3" xlink:label="label_LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent_3" 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_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.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="nm-20161231.xsd#nm_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred" xlink:label="LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred" xlink:type="locator"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred" 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" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred_2" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred_2" 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_2" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred_3" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsAmountDeferred_3" 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_3" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.xsd#nm_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo" xlink:label="LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo" xlink:title="LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo" xlink:type="locator"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo" 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" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo_2" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo_2" 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_2" xlink:type="arc"/>
    <label id="label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo_3" xlink:label="label_LongTermDebtMaturitiesRepaymentsOfPrincipalFiscalYearDeferredTo_3" 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_3" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.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-20161231.xsd#nm_AvailableForSaleSecuritiesSharesSold" xlink:label="AvailableForSaleSecuritiesSharesSold" xlink:title="AvailableForSaleSecuritiesSharesSold" xlink:type="locator"/>
    <label id="label_AvailableForSaleSecuritiesSharesSold" xlink:label="label_AvailableForSaleSecuritiesSharesSold" 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" xlink:type="arc"/>
    <label id="label_AvailableForSaleSecuritiesSharesSold_2" xlink:label="label_AvailableForSaleSecuritiesSharesSold_2" 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_2" xlink:type="arc"/>
    <label id="label_AvailableForSaleSecuritiesSharesSold_3" xlink:label="label_AvailableForSaleSecuritiesSharesSold_3" 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_3" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.xsd#nm_AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:label="AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:title="AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:type="locator"/>
    <label id="label_AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:label="label_AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AvailableForSaleSecuritiesSharesSoldTotalConsideration" xlink:type="resource" xml:lang="en-US">AvailablecForcSalecSecuritiescSharescSoldcTotalcConsideration</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_2" xlink:label="label_AvailableForSaleSecuritiesSharesSoldTotalConsideration_2" 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_2" xlink:type="arc"/>
    <label id="label_AvailableForSaleSecuritiesSharesSoldTotalConsideration_3" xlink:label="label_AvailableForSaleSecuritiesSharesSoldTotalConsideration_3" 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_3" xlink:type="arc"/>
    <loc xlink:href="nm-20161231.xsd#nm_VesselAcquisitionCost" xlink:label="VesselAcquisitionCost" xlink:title="VesselAcquisitionCost" xlink:type="locator"/>
    <label id="label_VesselAcquisitionCost" xlink:label="label_VesselAcquisitionCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VesselAcquisitionCost" xlink:type="resource" xml:lang="en-US">Vessel Acquisition Cost</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselAcquisitionCost" xlink:title="label: VesselAcquisitionCost to label_VesselAcquisitionCost" xlink:to="label_VesselAcquisitionCost" xlink:type="arc"/>
    <label id="label_VesselAcquisitionCost_2" xlink:label="label_VesselAcquisitionCost_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VesselAcquisitionCost" xlink:type="resource" xml:lang="en-US">Vessel acquisition cost</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselAcquisitionCost" xlink:title="label: VesselAcquisitionCost to label_VesselAcquisitionCost" xlink:to="label_VesselAcquisitionCost_2" xlink:type="arc"/>
    <label id="label_VesselAcquisitionCost_3" xlink:label="label_VesselAcquisitionCost_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VesselAcquisitionCost" xlink:type="resource" xml:lang="en-US">The total costs incurred for the acquisition of a vessel.</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselAcquisitionCost" xlink:title="label: VesselAcquisitionCost to label_VesselAcquisitionCost" xlink:to="label_VesselAcquisitionCost_3" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.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="nm-20161231.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-20161231.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="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LossContingencySettlementAgreementDate" xlink:label="LossContingencySettlementAgreementDate" xlink:title="LossContingencySettlementAgreementDate" xlink:type="locator"/>
    <label id="label_LossContingencySettlementAgreementDate" xlink:label="label_LossContingencySettlementAgreementDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LossContingencySettlementAgreementDate" xlink:type="resource" xml:lang="en-US">Loss Contingency Settlement Agreement Date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LossContingencySettlementAgreementDate" xlink:title="label: LossContingencySettlementAgreementDate to label_LossContingencySettlementAgreementDate" xlink:to="label_LossContingencySettlementAgreementDate" xlink:type="arc"/>
    <label id="label_LossContingencySettlementAgreementDate_2" xlink:label="label_LossContingencySettlementAgreementDate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LossContingencySettlementAgreementDate" xlink:type="resource" xml:lang="en-US">Settlement agreement date</label>
    <labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LossContingencySettlementAgreementDate" xlink:title="label: LossContingencySettlementAgreementDate to label_LossContingencySettlementAgreementDate" xlink:to="label_LossContingencySettlementAgreementDate_2" xlink:type="arc"/>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.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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