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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CMACGMMember" xlink:to="gsl_CMACGMMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_CMACGMMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CMA CGM [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TechnomarMember" xlink:label="gsl_TechnomarMember" xlink:type="locator"/>
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      <link:loc xlink:href="gsl-20191231.xsd#gsl_CMAShipsMember" xlink:label="gsl_CMAShipsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CMAShipsMember" xlink:to="gsl_CMAShipsMember_lbl" xlink:type="arc"/>
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      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesBPreferredStockMember" xlink:label="us-gaap_SeriesBPreferredStockMember" xlink:type="locator"/>
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      <link:label xlink:label="us-gaap_SeriesBPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Series B Preferred Shares [Member]</link:label>
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      <link:label xlink:label="us-gaap_SeriesCPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Series C Preferred Shares [Member]</link:label>
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      <link:label xlink:label="us-gaap_CommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Shares [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="us-gaap_AdditionalPaidInCapitalMember" xlink:type="locator"/>
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      <link: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]</link:label>
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      <link:label xlink:label="us-gaap_PreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Shares [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:type="locator"/>
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      <link: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, Type [Axis]</link:label>
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      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ImpairedLongLivedAssetsHeldAndUsedByTypeAxis" xlink:label="us-gaap_ImpairedLongLivedAssetsHeldAndUsedByTypeAxis" xlink:type="locator"/>
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      <link:label xlink:label="us-gaap_ImpairedLongLivedAssetsHeldAndUsedByTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impaired Long-Lived Assets Held and Used by Type [Axis]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ThreeVesselGroupsMember" xlink:label="gsl_ThreeVesselGroupsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ThreeVesselGroupsMember" xlink:to="gsl_ThreeVesselGroupsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ThreeVesselGroupsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Three Vessel Groups [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityAxis" xlink:label="us-gaap_LineOfCreditFacilityAxis" xlink:type="locator"/>
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      <link: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]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CitiCreditFacility54.8MillionMember" xlink:label="gsl_CitiCreditFacility54.8MillionMember" xlink:type="locator"/>
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      <link:label xlink:label="gsl_CitiCreditFacility54.8MillionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$54.8 Million Citi Credit Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_HayfinCreditFacility65MillionMember" xlink:label="gsl_HayfinCreditFacility65MillionMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_HayfinCreditFacility65MillionMember" xlink:to="gsl_HayfinCreditFacility65MillionMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_HayfinCreditFacility65MillionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$65.0 Million Hayfin Credit Facility [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="us-gaap_CreditFacilityAxis" xlink:type="locator"/>
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      <link: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]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_InitialTrancheMember" xlink:label="gsl_InitialTrancheMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_InitialTrancheMember" xlink:to="gsl_InitialTrancheMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_InitialTrancheMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Initial Tranche [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="us-gaap_DebtInstrumentAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentAxis" xlink:to="us-gaap_DebtInstrumentAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DebtInstrumentAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument [Axis]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member" xlink:label="gsl_NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member" xlink:to="gsl_NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">9.875 % First Priority Secured Notes Due 2022 [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CreditAgricoleCreditFacility55.7MillionMember" xlink:label="gsl_CreditAgricoleCreditFacility55.7MillionMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CreditAgricoleCreditFacility55.7MillionMember" xlink:to="gsl_CreditAgricoleCreditFacility55.7MillionMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_CreditAgricoleCreditFacility55.7MillionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$55.7 Million Credit Agricole Credit Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DVBCreditFacility52.6MillionMember" xlink:label="gsl_DVBCreditFacility52.6MillionMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DVBCreditFacility52.6MillionMember" xlink:to="gsl_DVBCreditFacility52.6MillionMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_DVBCreditFacility52.6MillionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$52.6 Million DVB Credit Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ABNAMROCreditFacility65.3MillionMember" xlink:label="gsl_ABNAMROCreditFacility65.3MillionMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ABNAMROCreditFacility65.3MillionMember" xlink:to="gsl_ABNAMROCreditFacility65.3MillionMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ABNAMROCreditFacility65.3MillionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$65.3 Million ABN AMRO Credit Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AmsterdamTradeBankATB17.1MillionMember" xlink:label="gsl_AmsterdamTradeBankATB17.1MillionMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AmsterdamTradeBankATB17.1MillionMember" xlink:to="gsl_AmsterdamTradeBankATB17.1MillionMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AmsterdamTradeBankATB17.1MillionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$17.1 Million Amsterdam Trade Bank ("ATB") Credit Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CreditAgricoleCreditFacility80MillionMember" xlink:label="gsl_CreditAgricoleCreditFacility80MillionMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CreditAgricoleCreditFacility80MillionMember" xlink:to="gsl_CreditAgricoleCreditFacility80MillionMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_CreditAgricoleCreditFacility80MillionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$80.0 Million Credit Agricole Credit Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_BlueOceanCreditFacility38.5Member" xlink:label="gsl_BlueOceanCreditFacility38.5Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_BlueOceanCreditFacility38.5Member" xlink:to="gsl_BlueOceanCreditFacility38.5Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_BlueOceanCreditFacility38.5Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$38.5 Million Blue Ocean Credit Facility [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionsByUniqueDescriptionAxis" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionsByUniqueDescriptionAxis" xlink:type="locator"/>
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      <link:label xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionsByUniqueDescriptionAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisitions by Unique Description [Axis]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PoseidonTransactionMember" xlink:to="gsl_PoseidonTransactionMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_PoseidonTransactionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Poseidon Transaction [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DeutscheCITHCOBEntrustBlueOceanCreditFacility180.5MillionMember" xlink:label="gsl_DeutscheCITHCOBEntrustBlueOceanCreditFacility180.5MillionMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DeutscheCITHCOBEntrustBlueOceanCreditFacility180.5MillionMember" xlink:to="gsl_DeutscheCITHCOBEntrustBlueOceanCreditFacility180.5MillionMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_DeutscheCITHCOBEntrustBlueOceanCreditFacility180.5MillionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$180.5 Million Deutsche, CIT, HCOB, Entrust, Blue Ocean Credit Facility [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidatedEntitiesAxis" xlink:label="srt_ConsolidatedEntitiesAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ConsolidatedEntitiesAxis" xlink:to="srt_ConsolidatedEntitiesAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="srt_ConsolidatedEntitiesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidated Entities [Axis]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease3LimitedMember" xlink:label="gsl_GlobalShipLease3LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease3LimitedMember" xlink:to="gsl_GlobalShipLease3LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease3LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 3 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GSLValerieMember" xlink:label="gsl_GSLValerieMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GSLValerieMember" xlink:to="gsl_GSLValerieMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GSLValerieMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">GSL Valerie [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease4LimitedMember" xlink:label="gsl_GlobalShipLease4LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease4LimitedMember" xlink:to="gsl_GlobalShipLease4LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease4LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 4 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease5LimitedMember" xlink:label="gsl_GlobalShipLease5LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease5LimitedMember" xlink:to="gsl_GlobalShipLease5LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease5LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 5 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease6LimitedMember" xlink:label="gsl_GlobalShipLease6LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease6LimitedMember" xlink:to="gsl_GlobalShipLease6LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease6LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 6 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease7LimitedMember" xlink:label="gsl_GlobalShipLease7LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease7LimitedMember" xlink:to="gsl_GlobalShipLease7LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease7LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 7 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease8LimitedMember" xlink:label="gsl_GlobalShipLease8LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease8LimitedMember" xlink:to="gsl_GlobalShipLease8LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease8LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 8 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease9LimitedMember" xlink:label="gsl_GlobalShipLease9LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease9LimitedMember" xlink:to="gsl_GlobalShipLease9LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease9LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 9 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease10LimitedMember" xlink:label="gsl_GlobalShipLease10LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease10LimitedMember" xlink:to="gsl_GlobalShipLease10LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease10LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 10 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease12LimitedMember" xlink:label="gsl_GlobalShipLease12LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease12LimitedMember" xlink:to="gsl_GlobalShipLease12LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease12LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 12 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease13LimitedMember" xlink:label="gsl_GlobalShipLease13LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease13LimitedMember" xlink:to="gsl_GlobalShipLease13LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease13LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 13 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease14LimitedMember" xlink:label="gsl_GlobalShipLease14LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease14LimitedMember" xlink:to="gsl_GlobalShipLease14LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease14LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 14 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease15LimitedMember" xlink:label="gsl_GlobalShipLease15LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease15LimitedMember" xlink:to="gsl_GlobalShipLease15LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease15LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 15 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease16LimitedMember" xlink:label="gsl_GlobalShipLease16LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease16LimitedMember" xlink:to="gsl_GlobalShipLease16LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease16LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 16 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease20LimitedMember" xlink:label="gsl_GlobalShipLease20LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease20LimitedMember" xlink:to="gsl_GlobalShipLease20LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease20LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 20 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease21LimitedMember" xlink:label="gsl_GlobalShipLease21LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease21LimitedMember" xlink:to="gsl_GlobalShipLease21LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease21LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 21 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease22LimitedMember" xlink:label="gsl_GlobalShipLease22LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease22LimitedMember" xlink:to="gsl_GlobalShipLease22LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease22LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 22 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease23LimitedMember" xlink:label="gsl_GlobalShipLease23LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease23LimitedMember" xlink:to="gsl_GlobalShipLease23LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease23LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 23 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease26LimitedMember" xlink:label="gsl_GlobalShipLease26LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease26LimitedMember" xlink:to="gsl_GlobalShipLease26LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease26LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 26 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GSLAlcazarIncMember" xlink:label="gsl_GSLAlcazarIncMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GSLAlcazarIncMember" xlink:to="gsl_GSLAlcazarIncMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GSLAlcazarIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">GSL Alcazar Inc. [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ArisMarineLLCMember" xlink:label="gsl_ArisMarineLLCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ArisMarineLLCMember" xlink:to="gsl_ArisMarineLLCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ArisMarineLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Aris Marine LLC [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AphroditeMarineLLCMember" xlink:label="gsl_AphroditeMarineLLCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AphroditeMarineLLCMember" xlink:to="gsl_AphroditeMarineLLCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AphroditeMarineLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Aphrodite Marine LLC [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AthenaMarineLLCMember" xlink:label="gsl_AthenaMarineLLCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AthenaMarineLLCMember" xlink:to="gsl_AthenaMarineLLCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AthenaMarineLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Athena Marine LLC [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_HephaestusMarineLLCMember" xlink:label="gsl_HephaestusMarineLLCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_HephaestusMarineLLCMember" xlink:to="gsl_HephaestusMarineLLCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_HephaestusMarineLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hephaestus Marine LLC [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_PericlesMarineLLCMember" xlink:label="gsl_PericlesMarineLLCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PericlesMarineLLCMember" xlink:to="gsl_PericlesMarineLLCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_PericlesMarineLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pericles Marine LLC [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ZeusOneMarineLLCMember" xlink:label="gsl_ZeusOneMarineLLCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ZeusOneMarineLLCMember" xlink:to="gsl_ZeusOneMarineLLCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ZeusOneMarineLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Zeus One Marine LLC [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_LeonidasMarineLLCMember" xlink:label="gsl_LeonidasMarineLLCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LeonidasMarineLLCMember" xlink:to="gsl_LeonidasMarineLLCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_LeonidasMarineLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Leonidas Marine LLC [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AlexanderMarineLLCMember" xlink:label="gsl_AlexanderMarineLLCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AlexanderMarineLLCMember" xlink:to="gsl_AlexanderMarineLLCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AlexanderMarineLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Alexander Marine LLC [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_HectorMarineLLCMember" xlink:label="gsl_HectorMarineLLCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_HectorMarineLLCMember" xlink:to="gsl_HectorMarineLLCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_HectorMarineLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hector Marine LLC [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_IkarosMarineLLCMember" xlink:label="gsl_IkarosMarineLLCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IkarosMarineLLCMember" xlink:to="gsl_IkarosMarineLLCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_IkarosMarineLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ikaros Marine LLC [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TasmanMarineLLCMember" xlink:label="gsl_TasmanMarineLLCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TasmanMarineLLCMember" xlink:to="gsl_TasmanMarineLLCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_TasmanMarineLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tasman Marine LLC [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_HudsonMarineLLCMember" xlink:label="gsl_HudsonMarineLLCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_HudsonMarineLLCMember" xlink:to="gsl_HudsonMarineLLCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_HudsonMarineLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hudson Marine LLC [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DrakeMarineLLCMember" xlink:label="gsl_DrakeMarineLLCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DrakeMarineLLCMember" xlink:to="gsl_DrakeMarineLLCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_DrakeMarineLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Drake Marine LLC [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_PhilipposMarineLLCMember" xlink:label="gsl_PhilipposMarineLLCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PhilipposMarineLLCMember" xlink:to="gsl_PhilipposMarineLLCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_PhilipposMarineLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Philippos Marine LLC [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AristotelesMarineLLCMember" xlink:label="gsl_AristotelesMarineLLCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AristotelesMarineLLCMember" xlink:to="gsl_AristotelesMarineLLCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AristotelesMarineLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Aristoteles Marine LLC [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_MenelaosMarineLLCMember" xlink:label="gsl_MenelaosMarineLLCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_MenelaosMarineLLCMember" xlink:to="gsl_MenelaosMarineLLCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_MenelaosMarineLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Menelaos Marine LLC [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_LaertisMarineLLCMember" xlink:label="gsl_LaertisMarineLLCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LaertisMarineLLCMember" xlink:to="gsl_LaertisMarineLLCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_LaertisMarineLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Laertis Marine LLC [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_PenelopeMarineLLCMember" xlink:label="gsl_PenelopeMarineLLCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PenelopeMarineLLCMember" xlink:to="gsl_PenelopeMarineLLCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_PenelopeMarineLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Penelope Marine LLC [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TelemachusMarineLLCMember" xlink:label="gsl_TelemachusMarineLLCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TelemachusMarineLLCMember" xlink:to="gsl_TelemachusMarineLLCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_TelemachusMarineLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Telemachus Marine LLC [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_StatementGeographicalAxis" xlink:label="srt_StatementGeographicalAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_StatementGeographicalAxis" xlink:to="srt_StatementGeographicalAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="srt_StatementGeographicalAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement Geographical [Axis]</link:label>
      <link:loc xlink:href="https://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_GB" xlink:label="country_GB" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_GB" xlink:to="country_GB_lbl" xlink:type="arc"/>
      <link:label xlink:label="country_GB_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">UNITED KINGDOM</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="us-gaap_BusinessAcquisitionAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionAxis" xlink:to="us-gaap_BusinessAcquisitionAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_BusinessAcquisitionAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Acquisition [Axis]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AtMergerMember" xlink:label="gsl_AtMergerMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AtMergerMember" xlink:to="gsl_AtMergerMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AtMergerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">At Merger [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TrancheAMember" xlink:label="gsl_TrancheAMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TrancheAMember" xlink:to="gsl_TrancheAMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_TrancheAMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tranche A [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TrancheBMember" xlink:label="gsl_TrancheBMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TrancheBMember" xlink:to="gsl_TrancheBMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_TrancheBMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tranche B [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TrancheCMember" xlink:label="gsl_TrancheCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TrancheCMember" xlink:to="gsl_TrancheCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_TrancheCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tranche C [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TrancheDMember" xlink:label="gsl_TrancheDMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TrancheDMember" xlink:to="gsl_TrancheDMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_TrancheDMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tranche D [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_BlueOceanCreditFacility24.5MillionMember" xlink:label="gsl_BlueOceanCreditFacility24.5MillionMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_BlueOceanCreditFacility24.5MillionMember" xlink:to="gsl_BlueOceanCreditFacility24.5MillionMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_BlueOceanCreditFacility24.5MillionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$24.5 Million Blue Ocean Credit Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_EachTrancheMember" xlink:label="gsl_EachTrancheMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_EachTrancheMember" xlink:to="gsl_EachTrancheMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_EachTrancheMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Each Tranche [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DVBCArgosreditFacility14.35MillionMember" xlink:label="gsl_DVBCArgosreditFacility14.35MillionMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DVBCArgosreditFacility14.35MillionMember" xlink:to="gsl_DVBCArgosreditFacility14.35MillionMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_DVBCArgosreditFacility14.35MillionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$14.35 Million DVB Argos Credit Facility [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_StatementScenarioAxis" xlink:label="srt_StatementScenarioAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_StatementScenarioAxis" xlink:to="srt_StatementScenarioAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="srt_StatementScenarioAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario [Axis]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_UpToMarch312019Member" xlink:label="gsl_UpToMarch312019Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_UpToMarch312019Member" xlink:to="gsl_UpToMarch312019Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_UpToMarch312019Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Up to March 31, 2019 [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_FromMarch312019AndAfterwardsMember" xlink:label="gsl_FromMarch312019AndAfterwardsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_FromMarch312019AndAfterwardsMember" xlink:to="gsl_FromMarch312019AndAfterwardsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_FromMarch312019AndAfterwardsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">From March 31, 2019 and Afterwards [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ForTheFirst6MonthsMember" xlink:label="gsl_ForTheFirst6MonthsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ForTheFirst6MonthsMember" xlink:to="gsl_ForTheFirst6MonthsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ForTheFirst6MonthsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">For the first 6 months [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ForTheFollowingMonthsMember" xlink:label="gsl_ForTheFollowingMonthsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ForTheFollowingMonthsMember" xlink:to="gsl_ForTheFollowingMonthsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ForTheFollowingMonthsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">For the following 12 months [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_SeniorFacilityMember" xlink:label="gsl_SeniorFacilityMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_SeniorFacilityMember" xlink:to="gsl_SeniorFacilityMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_SeniorFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_JuniorFacilityMember" xlink:label="gsl_JuniorFacilityMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_JuniorFacilityMember" xlink:to="gsl_JuniorFacilityMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_JuniorFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Junior Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ThereafterMember" xlink:label="gsl_ThereafterMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ThereafterMember" xlink:to="gsl_ThereafterMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ThereafterMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Thereafter [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_HayfinCreditFacilityMember" xlink:label="gsl_HayfinCreditFacilityMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_HayfinCreditFacilityMember" xlink:to="gsl_HayfinCreditFacilityMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_HayfinCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hayfin Credit Facility [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PlanNameAxis" xlink:label="us-gaap_PlanNameAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PlanNameAxis" xlink:to="us-gaap_PlanNameAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_PlanNameAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Plan Name [Axis]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TwoThousandAndFifteenEquityIncentivePlanMember" xlink:label="gsl_TwoThousandAndFifteenEquityIncentivePlanMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TwoThousandAndFifteenEquityIncentivePlanMember" xlink:to="gsl_TwoThousandAndFifteenEquityIncentivePlanMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_TwoThousandAndFifteenEquityIncentivePlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">2015 Plan [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_TitleOfIndividualAxis" xlink:label="srt_TitleOfIndividualAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_TitleOfIndividualAxis" xlink:to="srt_TitleOfIndividualAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="srt_TitleOfIndividualAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Title Of Individual [Axis]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_DirectorMember" xlink:label="srt_DirectorMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_DirectorMember" xlink:to="srt_DirectorMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="srt_DirectorMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Director [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DividendsAxis" xlink:label="us-gaap_DividendsAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsAxis" xlink:to="us-gaap_DividendsAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DividendsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends [Axis]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_Installment3FY2014Member" xlink:label="gsl_Installment3FY2014Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_Installment3FY2014Member" xlink:to="gsl_Installment3FY2014Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_Installment3FY2014Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Installment 3 - FY 2014 [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TwoThousandNineteenIncentivePlanMember" xlink:label="gsl_TwoThousandNineteenIncentivePlanMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TwoThousandNineteenIncentivePlanMember" xlink:to="gsl_TwoThousandNineteenIncentivePlanMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_TwoThousandNineteenIncentivePlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">2019 Plan [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ManagementMember" xlink:label="srt_ManagementMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ManagementMember" xlink:to="srt_ManagementMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="srt_ManagementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Management [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="us-gaap_AwardTypeAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AwardTypeAxis" xlink:to="us-gaap_AwardTypeAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_AwardTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Award Type [Axis]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RestrictedStockUnitsRSUMember" xlink:label="us-gaap_RestrictedStockUnitsRSUMember" xlink:type="locator"/>
      <link: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"/>
      <link: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 [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VestingAxis" xlink:label="us-gaap_VestingAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VestingAxis" xlink:to="us-gaap_VestingAxis_lbl" xlink:type="arc"/>
      <link: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]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationAwardTrancheOneMember" xlink:label="us-gaap_ShareBasedCompensationAwardTrancheOneMember" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_ShareBasedCompensationAwardTrancheOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">First Tranche [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationAwardTrancheTwoMember" xlink:label="us-gaap_ShareBasedCompensationAwardTrancheTwoMember" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_ShareBasedCompensationAwardTrancheTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Second Tranche [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RangeAxis" xlink:label="srt_RangeAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RangeAxis" xlink:to="srt_RangeAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="srt_RangeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Range [Axis]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MinimumMember" xlink:label="srt_MinimumMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MinimumMember" xlink:to="srt_MinimumMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="srt_MinimumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AccumulatedDepreciationMember" xlink:label="gsl_AccumulatedDepreciationMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AccumulatedDepreciationMember" xlink:to="gsl_AccumulatedDepreciationMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AccumulatedDepreciationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Depreciation [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TwoThousandTwentyTwoNotesMember" xlink:label="gsl_TwoThousandTwentyTwoNotesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TwoThousandTwentyTwoNotesMember" xlink:to="gsl_TwoThousandTwentyTwoNotesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_TwoThousandTwentyTwoNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">2022 Notes [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CitiSuperSeniorTermLoanMember" xlink:label="gsl_CitiSuperSeniorTermLoanMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CitiSuperSeniorTermLoanMember" xlink:to="gsl_CitiSuperSeniorTermLoanMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_CitiSuperSeniorTermLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Citi Super Senior Term Loan [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_LoanFacilitiesOfPoseidonFleetMember" xlink:label="gsl_LoanFacilitiesOfPoseidonFleetMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LoanFacilitiesOfPoseidonFleetMember" xlink:to="gsl_LoanFacilitiesOfPoseidonFleetMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_LoanFacilitiesOfPoseidonFleetMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Facilities of Poseidon Fleet [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CitiCreditFacilityMember" xlink:label="gsl_CitiCreditFacilityMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CitiCreditFacilityMember" xlink:to="gsl_CitiCreditFacilityMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_CitiCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Citi Credit Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DVBCreditFacilityMember" xlink:label="gsl_DVBCreditFacilityMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DVBCreditFacilityMember" xlink:to="gsl_DVBCreditFacilityMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_DVBCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DVB Credit Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CreditAgricoleCreditFacility2Member" xlink:label="gsl_CreditAgricoleCreditFacility2Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CreditAgricoleCreditFacility2Member" xlink:to="gsl_CreditAgricoleCreditFacility2Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_CreditAgricoleCreditFacility2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Agricole Credit Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CreditAgricoleCreditFacilityMember" xlink:label="gsl_CreditAgricoleCreditFacilityMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CreditAgricoleCreditFacilityMember" xlink:to="gsl_CreditAgricoleCreditFacilityMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_CreditAgricoleCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Credit Agricole Credit Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_BlueOceanCreditFacilityMember" xlink:label="gsl_BlueOceanCreditFacilityMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_BlueOceanCreditFacilityMember" xlink:to="gsl_BlueOceanCreditFacilityMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_BlueOceanCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Blue Ocean Credit Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ABNAMROCreditFacilityMember" xlink:label="gsl_ABNAMROCreditFacilityMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ABNAMROCreditFacilityMember" xlink:to="gsl_ABNAMROCreditFacilityMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ABNAMROCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ABN-AMRO Credit Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ATB2CreditFacilityMember" xlink:label="gsl_ATB2CreditFacilityMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ATB2CreditFacilityMember" xlink:to="gsl_ATB2CreditFacilityMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ATB2CreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ATB Credit Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_BlueOceanCreditFacility2Member" xlink:label="gsl_BlueOceanCreditFacility2Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_BlueOceanCreditFacility2Member" xlink:to="gsl_BlueOceanCreditFacility2Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_BlueOceanCreditFacility2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Blue Ocean Junior Credit Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DeutscheCITHCOBEntrustBlueOceanCreditFacilityMember" xlink:label="gsl_DeutscheCITHCOBEntrustBlueOceanCreditFacilityMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DeutscheCITHCOBEntrustBlueOceanCreditFacilityMember" xlink:to="gsl_DeutscheCITHCOBEntrustBlueOceanCreditFacilityMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_DeutscheCITHCOBEntrustBlueOceanCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deutsche, CIT, HCOB, Entrust, Blue Ocean Credit Facility [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodAxis" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodAxis" xlink:type="locator"/>
      <link: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"/>
      <link: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]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodThreeMember" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodThreeMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentRedemptionPeriodThreeMember" xlink:to="us-gaap_DebtInstrumentRedemptionPeriodThreeMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DebtInstrumentRedemptionPeriodThreeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Third Anniversary [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodFourMember" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodFourMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentRedemptionPeriodFourMember" xlink:to="us-gaap_DebtInstrumentRedemptionPeriodFourMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DebtInstrumentRedemptionPeriodFourMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fourth Anniversary [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConcentrationRiskByBenchmarkAxis" xlink:label="us-gaap_ConcentrationRiskByBenchmarkAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskByBenchmarkAxis" xlink:to="us-gaap_ConcentrationRiskByBenchmarkAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ConcentrationRiskByBenchmarkAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Concentration Risk Benchmark [Axis]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SalesRevenueNetMember" xlink:label="us-gaap_SalesRevenueNetMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SalesRevenueNetMember" xlink:to="us-gaap_SalesRevenueNetMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_SalesRevenueNetMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sales Revenue, Net [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_OOCLMember" xlink:label="gsl_OOCLMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_OOCLMember" xlink:to="gsl_OOCLMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_OOCLMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OOCL [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:label="us-gaap_BalanceSheetLocationAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BalanceSheetLocationAxis" xlink:to="us-gaap_BalanceSheetLocationAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_BalanceSheetLocationAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balance Sheet Location [Axis]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsPayableMember" xlink:label="us-gaap_AccountsPayableMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableMember" xlink:to="us-gaap_AccountsPayableMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_AccountsPayableMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Payable [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccruedLiabilitiesMember" xlink:label="us-gaap_AccruedLiabilitiesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccruedLiabilitiesMember" xlink:to="us-gaap_AccruedLiabilitiesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_AccruedLiabilitiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Liabilities [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MaximumMember" xlink:label="srt_MaximumMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MaximumMember" xlink:to="srt_MaximumMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="srt_MaximumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AllSubsidiariesMember" xlink:label="gsl_AllSubsidiariesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AllSubsidiariesMember" xlink:to="gsl_AllSubsidiariesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AllSubsidiariesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">All Subsidiaries [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConversionOfStockByUniqueDescriptionAxis" xlink:label="us-gaap_ConversionOfStockByUniqueDescriptionAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConversionOfStockByUniqueDescriptionAxis" xlink:to="us-gaap_ConversionOfStockByUniqueDescriptionAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ConversionOfStockByUniqueDescriptionAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Conversion Description [Axis]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ReverseStockSplitMember" xlink:label="gsl_ReverseStockSplitMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ReverseStockSplitMember" xlink:to="gsl_ReverseStockSplitMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ReverseStockSplitMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reverse Stock Split [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ArgosMember" xlink:label="gsl_ArgosMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ArgosMember" xlink:to="gsl_ArgosMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ArgosMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Argos [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease30LimitedMember" xlink:label="gsl_GlobalShipLease30LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease30LimitedMember" xlink:to="gsl_GlobalShipLease30LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease30LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 30 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease31LimitedMember" xlink:label="gsl_GlobalShipLease31LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease31LimitedMember" xlink:to="gsl_GlobalShipLease31LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease31LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 31 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease32LimitedMember" xlink:label="gsl_GlobalShipLease32LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease32LimitedMember" xlink:to="gsl_GlobalShipLease32LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease32LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 32 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease33LimitedMember" xlink:label="gsl_GlobalShipLease33LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease33LimitedMember" xlink:to="gsl_GlobalShipLease33LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease33LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 33 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease34LimitedMember" xlink:label="gsl_GlobalShipLease34LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease34LimitedMember" xlink:to="gsl_GlobalShipLease34LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease34LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 34 Limited [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_COSCOMember" xlink:label="gsl_COSCOMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_COSCOMember" xlink:to="gsl_COSCOMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_COSCOMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">COSCO [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GSLViniaMember" xlink:label="gsl_GSLViniaMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GSLViniaMember" xlink:to="gsl_GSLViniaMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GSLViniaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">GSL Vinia [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GSLChristelMember" xlink:label="gsl_GSLChristelMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GSLChristelMember" xlink:to="gsl_GSLChristelMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GSLChristelMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">GSL Christel Elisabeth [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GSLKalliopiMember" xlink:label="gsl_GSLKalliopiMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GSLKalliopiMember" xlink:to="gsl_GSLKalliopiMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GSLKalliopiMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">GSL Kalliopi [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GSLGraniaMember" xlink:label="gsl_GSLGraniaMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GSLGraniaMember" xlink:to="gsl_GSLGraniaMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GSLGraniaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">GSL Grania [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_HellenicBankCreditFacilityMember" xlink:label="gsl_HellenicBankCreditFacilityMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_HellenicBankCreditFacilityMember" xlink:to="gsl_HellenicBankCreditFacilityMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_HellenicBankCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hellenic Bank Credit Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GSLEleniMember" xlink:label="gsl_GSLEleniMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GSLEleniMember" xlink:to="gsl_GSLEleniMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GSLEleniMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">GSL Eleni [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AdvancesPaidForScrubbersAndBallastWaterTreatmentsMember" xlink:label="gsl_AdvancesPaidForScrubbersAndBallastWaterTreatmentsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AdvancesPaidForScrubbersAndBallastWaterTreatmentsMember" xlink:to="gsl_AdvancesPaidForScrubbersAndBallastWaterTreatmentsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AdvancesPaidForScrubbersAndBallastWaterTreatmentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scrubbers And Ballast Water Treatments [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TwoThousandAndNineteenEquityIncentivePlanMember" xlink:label="gsl_TwoThousandAndNineteenEquityIncentivePlanMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TwoThousandAndNineteenEquityIncentivePlanMember" xlink:to="gsl_TwoThousandAndNineteenEquityIncentivePlanMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_TwoThousandAndNineteenEquityIncentivePlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">2019 Plan [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_IncentiveStockMember" xlink:label="gsl_IncentiveStockMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IncentiveStockMember" xlink:to="gsl_IncentiveStockMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_IncentiveStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Incentive Stock [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationAwardTrancheThreeMember" xlink:label="us-gaap_ShareBasedCompensationAwardTrancheThreeMember" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_ShareBasedCompensationAwardTrancheThreeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Third Tranche [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ShareBasedCompensationAwardTrancheFourMember" xlink:label="gsl_ShareBasedCompensationAwardTrancheFourMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ShareBasedCompensationAwardTrancheFourMember" xlink:to="gsl_ShareBasedCompensationAwardTrancheFourMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ShareBasedCompensationAwardTrancheFourMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fourth Tranche [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024Member" xlink:label="gsl_EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024Member" xlink:to="gsl_EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_EightPointZeroZeroPercentSeniorUnsecuredNotesDue2024Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">8.00 % Senior Unsecured Notes Due 2024 [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_OnOrAfterDecember312021AndPriorToDecember2022Member" xlink:label="gsl_OnOrAfterDecember312021AndPriorToDecember2022Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_OnOrAfterDecember312021AndPriorToDecember2022Member" xlink:to="gsl_OnOrAfterDecember312021AndPriorToDecember2022Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_OnOrAfterDecember312021AndPriorToDecember2022Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">On or after December 31, 2021 and prior to December 31, 2022 [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_OnOrAfterDecember312022AndPriorToDecember2023Member" xlink:label="gsl_OnOrAfterDecember312022AndPriorToDecember2023Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_OnOrAfterDecember312022AndPriorToDecember2023Member" xlink:to="gsl_OnOrAfterDecember312022AndPriorToDecember2023Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_OnOrAfterDecember312022AndPriorToDecember2023Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">On or after December 31, 2022 and prior to December 31, 2023 [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_OnOrAfterDecember2023AndPriorToMaturityMember" xlink:label="gsl_OnOrAfterDecember2023AndPriorToMaturityMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_OnOrAfterDecember2023AndPriorToMaturityMember" xlink:to="gsl_OnOrAfterDecember2023AndPriorToMaturityMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_OnOrAfterDecember2023AndPriorToMaturityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">On or after December 31, 2023 and prior to maturity [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TwoThousandTwentyFourNotesMember" xlink:label="gsl_TwoThousandTwentyFourNotesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TwoThousandTwentyFourNotesMember" xlink:to="gsl_TwoThousandTwentyFourNotesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_TwoThousandTwentyFourNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">2024 Notes [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_SyndicatedSeniorSecuredCreditFacility268.0MillionMember" xlink:label="gsl_SyndicatedSeniorSecuredCreditFacility268.0MillionMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_SyndicatedSeniorSecuredCreditFacility268.0MillionMember" xlink:to="gsl_SyndicatedSeniorSecuredCreditFacility268.0MillionMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_SyndicatedSeniorSecuredCreditFacility268.0MillionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$268.0 Million Syndicated Senior Secured Credit Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_SyndicatedSeniorSecuredCreditFacilityMember" xlink:label="gsl_SyndicatedSeniorSecuredCreditFacilityMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_SyndicatedSeniorSecuredCreditFacilityMember" xlink:to="gsl_SyndicatedSeniorSecuredCreditFacilityMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_SyndicatedSeniorSecuredCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Syndicated Senior Secured Credit Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_HellenicBankCreditFacility59.0MillionMember" xlink:label="gsl_HellenicBankCreditFacility59.0MillionMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_HellenicBankCreditFacility59.0MillionMember" xlink:to="gsl_HellenicBankCreditFacility59.0MillionMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_HellenicBankCreditFacility59.0MillionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$59.0 Million Hellenic Bank Credit Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_SyndicatedSeniorSecuredCreditBlueOceanJuniorCreditFacilityMember" xlink:label="gsl_SyndicatedSeniorSecuredCreditBlueOceanJuniorCreditFacilityMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_SyndicatedSeniorSecuredCreditBlueOceanJuniorCreditFacilityMember" xlink:to="gsl_SyndicatedSeniorSecuredCreditBlueOceanJuniorCreditFacilityMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_SyndicatedSeniorSecuredCreditBlueOceanJuniorCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Syndicated Senior Secured Credit Facility and Blue Ocean Junior Credit Facility [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_FromJune2020Member" xlink:label="gsl_FromJune2020Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_FromJune2020Member" xlink:to="gsl_FromJune2020Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_FromJune2020Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">From June 3, 2020 [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AddittionalExtensionMember" xlink:label="gsl_AddittionalExtensionMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AddittionalExtensionMember" xlink:to="gsl_AddittionalExtensionMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AddittionalExtensionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Addittional 12 - month extension at charterer's option [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GlobalShipLease35And36LimitedMember" xlink:label="gsl_GlobalShipLease35And36LimitedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GlobalShipLease35And36LimitedMember" xlink:to="gsl_GlobalShipLease35And36LimitedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_GlobalShipLease35And36LimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global Ship Lease 35 and 36 [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_FirstContainershipMember" xlink:label="gsl_FirstContainershipMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_FirstContainershipMember" xlink:to="gsl_FirstContainershipMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_FirstContainershipMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">First Containership [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_SecondContainershipMember" xlink:label="gsl_SecondContainershipMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_SecondContainershipMember" xlink:to="gsl_SecondContainershipMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_SecondContainershipMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Second Containership [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ExistingCreditFacilitiesMember" xlink:label="gsl_ExistingCreditFacilitiesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ExistingCreditFacilitiesMember" xlink:to="gsl_ExistingCreditFacilitiesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ExistingCreditFacilitiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Existing Credit Facilities [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_BlueOceanJuniorCreditFacility38.5Member" xlink:label="gsl_BlueOceanJuniorCreditFacility38.5Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_BlueOceanJuniorCreditFacility38.5Member" xlink:to="gsl_BlueOceanJuniorCreditFacility38.5Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_BlueOceanJuniorCreditFacility38.5Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$38.5 Million Blue Ocean Junior Credit Facility [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RelatedPartyTransactionAxis" xlink:label="us-gaap_RelatedPartyTransactionAxis" xlink:type="locator"/>
      <link: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"/>
      <link: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]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_PriorToAmendmentAgreementMember" xlink:label="gsl_PriorToAmendmentAgreementMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PriorToAmendmentAgreementMember" xlink:to="gsl_PriorToAmendmentAgreementMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_PriorToAmendmentAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prior to Amendment [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AmendedAndRestatedLoanAgreementMember" xlink:label="gsl_AmendedAndRestatedLoanAgreementMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AmendedAndRestatedLoanAgreementMember" xlink:to="gsl_AmendedAndRestatedLoanAgreementMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AmendedAndRestatedLoanAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amended and restated loan agreement [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_FirstGrantMember" xlink:label="gsl_FirstGrantMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_FirstGrantMember" xlink:to="gsl_FirstGrantMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_FirstGrantMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">First Grant [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_SecondGrantMember" xlink:label="gsl_SecondGrantMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_SecondGrantMember" xlink:to="gsl_SecondGrantMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_SecondGrantMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Second Grant [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="us-gaap_SubsequentEventTypeAxis" xlink:type="locator"/>
      <link: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"/>
      <link: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]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="us-gaap_SubsequentEventMember" xlink:type="locator"/>
      <link: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"/>
      <link: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]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_Installment1FY2020Member" xlink:label="gsl_Installment1FY2020Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_Installment1FY2020Member" xlink:to="gsl_Installment1FY2020Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_Installment1FY2020Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Installment 1 - FY 2020 [Member]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancialInstrumentAxis" xlink:label="us-gaap_FinancialInstrumentAxis" xlink:type="locator"/>
      <link: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"/>
      <link: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]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AtMarketIssuanceSalesAgreementMember" xlink:label="gsl_AtMarketIssuanceSalesAgreementMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AtMarketIssuanceSalesAgreementMember" xlink:to="gsl_AtMarketIssuanceSalesAgreementMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AtMarketIssuanceSalesAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">At Market Issuance Sales Agreement [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_InternationalBankMember" xlink:label="gsl_InternationalBankMember" xlink:type="locator"/>
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      <link:label xlink:label="dei_DocumentInformationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Line Items]</link:label>
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      <link:label xlink:label="dei_DocumentType_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
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      <link: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</link:label>
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      <link: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</link:label>
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      <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" xlink:type="locator"/>
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      <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" xlink:type="locator"/>
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      <link: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</link:label>
      <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" xlink:type="locator"/>
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      <link: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</link:label>
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      <link: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</link:label>
      <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc"/>
      <link: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</link:label>
      <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" xlink:type="locator"/>
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      <link:label xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
      <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityShellCompany" xlink:label="dei_EntityShellCompany" xlink:type="locator"/>
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      <link:label xlink:label="dei_EntityShellCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Shell Company</link:label>
      <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="arc"/>
      <link:label xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Common Shares, Shares Outstanding</link:label>
      <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="dei_EntityInteractiveDataCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Interactive Data Current</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl" xlink:type="arc"/>
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      <link:label xlink:label="dei_DocumentAnnualReport_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Annual Report</link:label>
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      <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle" xlink:type="locator"/>
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      <link:label xlink:label="dei_Security12bTitle_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
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      <link:label xlink:label="us-gaap_DueFromRelatedPartiesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Due from related parties</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="us-gaap_AssetsCurrent" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsNoncurrentAbstract" xlink:label="us-gaap_AssetsNoncurrentAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsNoncurrentAbstract" xlink:to="us-gaap_AssetsNoncurrentAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_AssetsNoncurrentAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NON - CURRENT ASSETS</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="us-gaap_PropertyPlantAndEquipmentNet" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessels in operation</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ConstructionInProgressGross1" xlink:label="gsl_ConstructionInProgressGross1" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ConstructionInProgressGross1" xlink:to="gsl_ConstructionInProgressGross1_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ConstructionInProgressGross1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advances for vessels acquisitions and other additions</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentOtherNet" xlink:label="us-gaap_PropertyPlantAndEquipmentOtherNet" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentOtherNet" xlink:to="us-gaap_PropertyPlantAndEquipmentOtherNet_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentOtherNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other fixed assets</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsNet" xlink:to="us-gaap_FiniteLivedIntangibleAssetsNet_lbl" xlink:type="arc"/>
      <link: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 - charter agreements</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredCosts" xlink:label="us-gaap_DeferredCosts" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_DeferredCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred charges, net</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherAssetsNoncurrent" xlink:label="us-gaap_OtherAssetsNoncurrent" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_OtherAssetsNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other non - current assets</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsNoncurrent" xlink:label="us-gaap_RestrictedCashAndCashEquivalentsNoncurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCashAndCashEquivalentsNoncurrent" xlink:to="us-gaap_RestrictedCashAndCashEquivalentsNoncurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_RestrictedCashAndCashEquivalentsNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted cash, net of current portion</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsNoncurrent" xlink:label="us-gaap_AssetsNoncurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsNoncurrent" xlink:to="us-gaap_AssetsNoncurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_AssetsNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total non - current assets</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_Assets_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">TOTAL ASSETS</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">LIABILITIES AND SHAREHOLDERS' EQUITY</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract" xlink:label="us-gaap_LiabilitiesCurrentAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrentAbstract" xlink:to="us-gaap_LiabilitiesCurrentAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_LiabilitiesCurrentAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CURRENT LIABILITIES</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsPayableCurrent" xlink:label="us-gaap_AccountsPayableCurrent" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccruedLiabilitiesCurrent" xlink:label="us-gaap_AccruedLiabilitiesCurrent" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtCurrent" xlink:label="us-gaap_LongTermDebtCurrent" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_LongTermDebtCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current portion of long - term debt</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredRevenueCurrent" xlink:label="us-gaap_DeferredRevenueCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredRevenueCurrent" xlink:to="us-gaap_DeferredRevenueCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DeferredRevenueCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred revenue</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DueToRelatedPartiesCurrent" xlink:label="us-gaap_DueToRelatedPartiesCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueToRelatedPartiesCurrent" xlink:to="us-gaap_DueToRelatedPartiesCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DueToRelatedPartiesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Due to related parties</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="us-gaap_LiabilitiesCurrent" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesNoncurrentAbstract" xlink:label="us-gaap_LiabilitiesNoncurrentAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesNoncurrentAbstract" xlink:to="us-gaap_LiabilitiesNoncurrentAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_LiabilitiesNoncurrentAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">LONG - TERM LIABILITIES</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="us-gaap_LongTermDebtNoncurrent" xlink:type="locator"/>
      <link: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"/>
      <link: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, net of current portion and deferred financing costs</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_IntangibleLiabilityCharterAgreementsNoncurrent" xlink:label="gsl_IntangibleLiabilityCharterAgreementsNoncurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleLiabilityCharterAgreementsNoncurrent" xlink:to="gsl_IntangibleLiabilityCharterAgreementsNoncurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_IntangibleLiabilityCharterAgreementsNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible liabilities - charter agreements</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesNoncurrent" xlink:label="us-gaap_LiabilitiesNoncurrent" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Liabilities" xlink:label="us-gaap_Liabilities" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="us-gaap_CommitmentsAndContingencies" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingencies" xlink:to="us-gaap_CommitmentsAndContingencies_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="us-gaap_StockholdersEquityAbstract" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SHAREHOLDERS' EQUITY</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockValueOutstanding" xlink:label="us-gaap_CommonStockValueOutstanding" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockValueOutstanding" xlink:to="us-gaap_CommonStockValueOutstanding_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_CommonStockValueOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common shares</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockValueOutstanding" xlink:label="us-gaap_PreferredStockValueOutstanding" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PreferredStockValueOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred shares</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="us-gaap_AdditionalPaidInCapital" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapital" xlink:to="us-gaap_AdditionalPaidInCapital_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_AdditionalPaidInCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional paid in capital</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated deficit</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_StockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total shareholders' equity</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="us-gaap_CommonStockSharesAuthorized" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesAuthorized" xlink:to="us-gaap_CommonStockSharesAuthorized_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common shares, shares authorized</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common shares, par value</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="us-gaap_CommonStockSharesIssued" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesIssued" xlink:to="us-gaap_CommonStockSharesIssued_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_CommonStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common shares, shares issued</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="us-gaap_CommonStockSharesOutstanding" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesOutstanding" xlink:to="us-gaap_CommonStockSharesOutstanding_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common shares, shares outstanding</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="us-gaap_PreferredStockSharesAuthorized" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PreferredStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred shares, shares authorized</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred shares, par value</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="us-gaap_PreferredStockSharesIssued" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred shares, shares issued</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="us-gaap_PreferredStockSharesOutstanding" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PreferredStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred shares, shares outstanding</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="us-gaap_RevenuesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenuesAbstract" xlink:to="us-gaap_RevenuesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_RevenuesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OPERATING REVENUES</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" xlink:label="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" xlink:to="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Time charter revenue (include related party revenues of $153,661, $126,207 and $123,944 for each of the years ended December 31, 2019, 2018 and 2017, respectively)</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CostsAndExpensesAbstract" xlink:label="us-gaap_CostsAndExpensesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsAndExpensesAbstract" xlink:to="us-gaap_CostsAndExpensesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_CostsAndExpensesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OPERATING EXPENSES:</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingCostsAndExpenses" xlink:label="us-gaap_OperatingCostsAndExpenses" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingCostsAndExpenses" xlink:to="us-gaap_OperatingCostsAndExpenses_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_OperatingCostsAndExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessel operating expenses (include related party vessels operating expenses of $9,880, $1,689 and $1,599 for each of the years ended December 31, 2019, 2018 and 2017, respectively)</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TimeCharterAndVoyageExpenses" xlink:label="gsl_TimeCharterAndVoyageExpenses" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TimeCharterAndVoyageExpenses" xlink:to="gsl_TimeCharterAndVoyageExpenses_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_TimeCharterAndVoyageExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Time charter and voyages expenses - related parties (include related party time charter and voyage expenses of $1,845, $222 and $nil for each of the years ended December 31, 2019, 2018 and 2017, respectively)</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="us-gaap_DepreciationDepletionAndAmortization" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationDepletionAndAmortization" xlink:to="us-gaap_DepreciationDepletionAndAmortization_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TangibleAssetImpairmentCharges" xlink:label="us-gaap_TangibleAssetImpairmentCharges" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TangibleAssetImpairmentCharges" xlink:to="us-gaap_TangibleAssetImpairmentCharges_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_TangibleAssetImpairmentCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impairment of vessels</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="us-gaap_GeneralAndAdministrativeExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralAndAdministrativeExpense" xlink:to="us-gaap_GeneralAndAdministrativeExpense_lbl" xlink:type="arc"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="us-gaap_OperatingIncomeLoss" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingIncomeLoss" xlink:to="us-gaap_OperatingIncomeLoss_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_OperatingIncomeLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Operating Income/ (Loss)</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NonoperatingIncomeExpenseAbstract" xlink:label="us-gaap_NonoperatingIncomeExpenseAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonoperatingIncomeExpenseAbstract" xlink:to="us-gaap_NonoperatingIncomeExpenseAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_NonoperatingIncomeExpenseAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NON OPERATING INCOME/(EXPENSES)</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="us-gaap_InvestmentIncomeInterest" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentIncomeInterest" xlink:to="us-gaap_InvestmentIncomeInterest_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_InvestmentIncomeInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest income</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestAndDebtExpense" xlink:label="us-gaap_InterestAndDebtExpense" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_InterestAndDebtExpense_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest and other finance expenses</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherNonoperatingIncome" xlink:label="us-gaap_OtherNonoperatingIncome" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherNonoperatingIncome" xlink:to="us-gaap_OtherNonoperatingIncome_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_OtherNonoperatingIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other income, net</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NonoperatingIncomeExpense" xlink:label="us-gaap_NonoperatingIncomeExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonoperatingIncomeExpense" xlink:to="us-gaap_NonoperatingIncomeExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_NonoperatingIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total non operating expenses</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Income/ (Loss) before income taxes</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="us-gaap_IncomeTaxExpenseBenefit" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Income taxes</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_NetIncomeLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net Income/ (Loss)</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:label="us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PreferredStockDividendsIncomeStatementImpact_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Earnings allocated to Series B Preferred Shares</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:to="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net Income/ (Loss) available to Common Shareholders</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average number of common shares outstanding</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basic</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:to="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Diluted</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:label="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basic and diluted</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareBasicAndDilutedAbstract" xlink:label="us-gaap_EarningsPerShareBasicAndDilutedAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasicAndDilutedAbstract" xlink:to="us-gaap_EarningsPerShareBasicAndDilutedAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_EarningsPerShareBasicAndDilutedAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Earnings / (Loss) per common share</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="us-gaap_EarningsPerShareBasic" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasic" xlink:to="us-gaap_EarningsPerShareBasic_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_EarningsPerShareBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Basic</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="us-gaap_EarningsPerShareDiluted" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareDiluted" xlink:to="us-gaap_EarningsPerShareDiluted_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Diluted</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareBasicAndDiluted" xlink:label="us-gaap_EarningsPerShareBasicAndDiluted" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasicAndDiluted" xlink:to="us-gaap_EarningsPerShareBasicAndDiluted_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_EarningsPerShareBasicAndDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Basic and diluted</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenueFromRelatedParties" xlink:label="us-gaap_RevenueFromRelatedParties" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenueFromRelatedParties" xlink:to="us-gaap_RevenueFromRelatedParties_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_RevenueFromRelatedParties_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Time charter revenue - related party</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CostsAndExpensesRelatedParty" xlink:label="us-gaap_CostsAndExpensesRelatedParty" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsAndExpensesRelatedParty" xlink:to="us-gaap_CostsAndExpensesRelatedParty_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_CostsAndExpensesRelatedParty_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessel operating expenses - related parties</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TimeCharterAndVoyageExpensesRelatedParty" xlink:label="gsl_TimeCharterAndVoyageExpensesRelatedParty" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TimeCharterAndVoyageExpensesRelatedParty" xlink:to="gsl_TimeCharterAndVoyageExpensesRelatedParty_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_TimeCharterAndVoyageExpensesRelatedParty_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Time charter and voyage expenses - related party</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from operating activities:</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_NetIncomeLoss_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net income / (loss)</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="arc"/>
      <link: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 loss to net cash provided by operating activities:</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TangibleAssetImpairmentCharges" xlink:to="us-gaap_TangibleAssetImpairmentCharges_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_TangibleAssetImpairmentCharges_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Vessels impairment</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AmortizationOfFinancingCosts" xlink:label="us-gaap_AmortizationOfFinancingCosts" xlink:type="locator"/>
      <link: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"/>
      <link: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 deferred financing costs</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AmortizationOfDebtDiscountPremium" xlink:label="us-gaap_AmortizationOfDebtDiscountPremium" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_AmortizationOfDebtDiscountPremium_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization of original issue discount/premium on repurchase of notes</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AmortizationOfAboveAndBelowMarketLeases" xlink:label="us-gaap_AmortizationOfAboveAndBelowMarketLeases" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfAboveAndBelowMarketLeases" xlink:to="us-gaap_AmortizationOfAboveAndBelowMarketLeases_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_AmortizationOfAboveAndBelowMarketLeases_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization of intangible assets/liabilities - charter agreements</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="us-gaap_ShareBasedCompensation" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in operating assets and liabilities:</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets" xlink:to="us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">(Increase)/ decrease in accounts receivable and other assets</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="us-gaap_IncreaseDecreaseInInventories" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInInventories" xlink:to="us-gaap_IncreaseDecreaseInInventories_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_IncreaseDecreaseInInventories_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Decrease/ (increase) in inventories</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities" xlink:to="us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase/ (decrease) in accounts payable and other liabilities</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInDueToRelatedParties" xlink:label="us-gaap_IncreaseDecreaseInDueToRelatedParties" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDueToRelatedParties" xlink:to="us-gaap_IncreaseDecreaseInDueToRelatedParties_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_IncreaseDecreaseInDueToRelatedParties_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">(Decrease)/ increase in related parties' balances, net</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredRevenue" xlink:label="us-gaap_IncreaseDecreaseInDeferredRevenue" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_IncreaseDecreaseInDeferredRevenue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase in deferred revenue</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ForeignCurrencyTransactionGainLossUnrealized" xlink:label="us-gaap_ForeignCurrencyTransactionGainLossUnrealized" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCurrencyTransactionGainLossUnrealized" xlink:to="us-gaap_ForeignCurrencyTransactionGainLossUnrealized_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ForeignCurrencyTransactionGainLossUnrealized_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Unrealized foreign exchange loss/(gain)</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from investing activities:</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquireMachineryAndEquipment" xlink:label="us-gaap_PaymentsToAcquireMachineryAndEquipment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireMachineryAndEquipment" xlink:to="us-gaap_PaymentsToAcquireMachineryAndEquipment_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_PaymentsToAcquireMachineryAndEquipment_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Acquisition of vessels</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsForCapitalImprovements" xlink:label="us-gaap_PaymentsForCapitalImprovements" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForCapitalImprovements" xlink:to="us-gaap_PaymentsForCapitalImprovements_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_PaymentsForCapitalImprovements_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Cash paid for vessel expenditures</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ReductionInProceedsAndProceedsFromSaleOfPropertyPlantAndEquipment" xlink:label="gsl_ReductionInProceedsAndProceedsFromSaleOfPropertyPlantAndEquipment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ReductionInProceedsAndProceedsFromSaleOfPropertyPlantAndEquipment" xlink:to="gsl_ReductionInProceedsAndProceedsFromSaleOfPropertyPlantAndEquipment_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ReductionInProceedsAndProceedsFromSaleOfPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net proceeds from sale of vessels</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsForConstructionInProcess" xlink:label="us-gaap_PaymentsForConstructionInProcess" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PaymentsForConstructionInProcess_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Advances for vessel acquisitions and other additions</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:label="us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Cash paid for other assets</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CapitalizedCostsRelatingToDryDocking" xlink:label="gsl_CapitalizedCostsRelatingToDryDocking" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CapitalizedCostsRelatingToDryDocking" xlink:to="gsl_CapitalizedCostsRelatingToDryDocking_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_CapitalizedCostsRelatingToDryDocking_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Cash paid for drydockings</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CashAcquiredFromAssetAcquisitions" xlink:label="gsl_CashAcquiredFromAssetAcquisitions" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CashAcquiredFromAssetAcquisitions" xlink:to="gsl_CashAcquiredFromAssetAcquisitions_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_CashAcquiredFromAssetAcquisitions_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash acquired in Poseidon Transaction, net of capitalized expenses</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:type="locator"/>
      <link: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"/>
      <link: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)/ provided by investing activities</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from financing activities:</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromIssuanceOfUnsecuredDebt" xlink:label="us-gaap_ProceedsFromIssuanceOfUnsecuredDebt" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfUnsecuredDebt" xlink:to="us-gaap_ProceedsFromIssuanceOfUnsecuredDebt_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ProceedsFromIssuanceOfUnsecuredDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from issuance of 2024 Notes</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSecuredDebt" xlink:label="us-gaap_ProceedsFromIssuanceOfSecuredDebt" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfSecuredDebt" xlink:to="us-gaap_ProceedsFromIssuanceOfSecuredDebt_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ProceedsFromIssuanceOfSecuredDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from issuance of 2022 Notes</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RepaymentsOfSecuredDebt" xlink:label="us-gaap_RepaymentsOfSecuredDebt" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfSecuredDebt" xlink:to="us-gaap_RepaymentsOfSecuredDebt_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_RepaymentsOfSecuredDebt_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repurchase of 2022 Notes and other senior notes, including premium</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromLinesOfCredit" xlink:label="us-gaap_ProceedsFromLinesOfCredit" xlink:type="locator"/>
      <link: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"/>
      <link: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 drawdown of credit facilities</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RepaymentsOfLinesOfCredit" xlink:label="us-gaap_RepaymentsOfLinesOfCredit" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfLinesOfCredit" xlink:to="us-gaap_RepaymentsOfLinesOfCredit_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_RepaymentsOfLinesOfCredit_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repayment of credit facilities</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RepaymentsOfDebt" xlink:label="us-gaap_RepaymentsOfDebt" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfDebt" xlink:to="us-gaap_RepaymentsOfDebt_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_RepaymentsOfDebt_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repayment of refinanced debt</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsOfFinancingCosts" xlink:label="us-gaap_PaymentsOfFinancingCosts" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PaymentsOfFinancingCosts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Deferred financing costs paid</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:type="locator"/>
      <link: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"/>
      <link: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 offering of Class A common shares, net of offering costs</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:label="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:type="locator"/>
      <link: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"/>
      <link: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 offering of Series B preferred shares, net of offering costs</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:label="us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Series B Preferred Shares - dividends paid</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:type="arc"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:to="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net increase in cash and cash equivalents and restricted cash</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents and restricted cash at beginning of the year</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents and restricted cash at end of the year</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplementalCashFlowInformationAbstract" xlink:to="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Supplementary Cash Flow Information:</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="us-gaap_InterestPaidNet" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPaidNet" xlink:to="us-gaap_InterestPaidNet_lbl" xlink:type="arc"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxesPaid" xlink:label="us-gaap_IncomeTaxesPaid" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxesPaid" xlink:to="us-gaap_IncomeTaxesPaid_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_IncomeTaxesPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash paid for income taxes</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NoncashInvestingItemsAbstract" xlink:label="gsl_NoncashInvestingItemsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NoncashInvestingItemsAbstract" xlink:to="gsl_NoncashInvestingItemsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NoncashInvestingItemsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-cash investing activities:</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CapitalExpendituresIncurredButNotYetPaid" xlink:label="us-gaap_CapitalExpendituresIncurredButNotYetPaid" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalExpendituresIncurredButNotYetPaid" xlink:to="us-gaap_CapitalExpendituresIncurredButNotYetPaid_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_CapitalExpendituresIncurredButNotYetPaid_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Unpaid capitalized expenses</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_UnpaidCostsRelatingToDryDocking" xlink:label="gsl_UnpaidCostsRelatingToDryDocking" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_UnpaidCostsRelatingToDryDocking" xlink:to="gsl_UnpaidCostsRelatingToDryDocking_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_UnpaidCostsRelatingToDryDocking_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unpaid drydocking expenses</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ContributionOfProperty" xlink:label="us-gaap_ContributionOfProperty" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ContributionOfProperty" xlink:to="us-gaap_ContributionOfProperty_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ContributionOfProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unpaid vessels additions</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NoncashOrPartNoncashAcquisitionWorkingCapitalAcquired" xlink:label="gsl_NoncashOrPartNoncashAcquisitionWorkingCapitalAcquired" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NoncashOrPartNoncashAcquisitionWorkingCapitalAcquired" xlink:to="gsl_NoncashOrPartNoncashAcquisitionWorkingCapitalAcquired_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NoncashOrPartNoncashAcquisitionWorkingCapitalAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Working capital acquired</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1" xlink:to="us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessels and other intangibles acquired</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1" xlink:to="us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Debt acquired</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NoncashFinancingItemsAbstract" xlink:label="gsl_NoncashFinancingItemsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NoncashFinancingItemsAbstract" xlink:to="gsl_NoncashFinancingItemsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NoncashFinancingItemsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-cash financing activities:</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockIssued1" xlink:label="us-gaap_StockIssued1" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssued1" xlink:to="us-gaap_StockIssued1_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_StockIssued1_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Issuance of shares</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction" xlink:label="us-gaap_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unpaid offering costs</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementEquityComponentsAxis" xlink:to="us-gaap_StatementEquityComponentsAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_StatementEquityComponentsAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Equity Components [Axis]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_StockholdersEquity_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SharesOutstanding" xlink:label="us-gaap_SharesOutstanding" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesOutstanding" xlink:to="us-gaap_SharesOutstanding_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_SharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance, shares</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition" xlink:to="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issuance of Restricted Stock Units (Note 16)</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:label="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:to="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class A common shares issued, value (Note 15)</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:type="locator"/>
      <link: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"/>
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      <link:label xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class A common shares issued, net of offering costs, shares (Notes 15)</link:label>
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      <link:label xlink:label="us-gaap_SharesOutstanding_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance, shares</link:label>
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      <link: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"/>
      <link:label xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Organization, Consolidation and Presentation of Financial Statements [Abstract]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:type="locator"/>
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      <link:label xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of Business</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="us-gaap_AccountingPoliciesAbstract" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_AccountingPoliciesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Policies [Abstract]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock" xlink:type="locator"/>
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      <link:label xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Summary of Significant Accounting Policies</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCashAbstract" xlink:to="us-gaap_RestrictedCashAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_RestrictedCashAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Cash [Abstract]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashAndCashEquivalentsDisclosureTextBlock" xlink:label="us-gaap_CashAndCashEquivalentsDisclosureTextBlock" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_CashAndCashEquivalentsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Cash</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAbstract" xlink:label="us-gaap_PropertyPlantAndEquipmentAbstract" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment [Abstract]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:label="us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessels in Operation</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:label="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract_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 [Abstract]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DeferredChargesTextBlock" xlink:label="gsl_DeferredChargesTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DeferredChargesTextBlock" xlink:to="gsl_DeferredChargesTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_DeferredChargesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Deferred charges, net</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNetAbstract" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNetAbstract" xlink:type="locator"/>
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      <link:label xlink:label="us-gaap_FiniteLivedIntangibleAssetsNetAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets, Net [Abstract]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_IntangibleLiabilityCharterAgreementsTextBlock" xlink:label="gsl_IntangibleLiabilityCharterAgreementsTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleLiabilityCharterAgreementsTextBlock" xlink:to="gsl_IntangibleLiabilityCharterAgreementsTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_IntangibleLiabilityCharterAgreementsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible Assets/Liabilities - Charter Agreements</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCurrentAssetsTextBlock" xlink:label="us-gaap_OtherCurrentAssetsTextBlock" xlink:type="locator"/>
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      <link:label xlink:label="us-gaap_OtherCurrentAssetsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prepaid Expenses and Other Current Assets</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InventoryDisclosureAbstract" xlink:label="us-gaap_InventoryDisclosureAbstract" xlink:type="locator"/>
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      <link:label xlink:label="us-gaap_InventoryDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory Disclosure [Abstract]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InventoryDisclosureTextBlock" xlink:label="us-gaap_InventoryDisclosureTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryDisclosureTextBlock" xlink:to="us-gaap_InventoryDisclosureTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_InventoryDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Inventories</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock" xlink:to="us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Payable</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock" xlink:to="us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accrued Liabilities</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="us-gaap_DebtDisclosureAbstract" xlink:type="locator"/>
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      <link:label xlink:label="us-gaap_DebtDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Disclosure [Abstract]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtTextBlock" xlink:label="us-gaap_LongTermDebtTextBlock" xlink:type="locator"/>
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      <link:label xlink:label="us-gaap_LongTermDebtTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long - Term Debt</link:label>
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      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="us-gaap_RelatedPartyTransactionsAbstract" xlink:type="locator"/>
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      <link:label xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Payment Arrangement [Abstract]</link:label>
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      <link:label xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share - Based Compensation</link:label>
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      <link:label xlink:label="us-gaap_EarningsPerShareAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Per Share [Abstract]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="us-gaap_EarningsPerShareTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareTextBlock" xlink:to="us-gaap_EarningsPerShareTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_EarningsPerShareTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings/(Loss) per Share</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventsAbstract" xlink:label="us-gaap_SubsequentEventsAbstract" xlink:type="locator"/>
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      <link: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]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventsTextBlock" xlink:label="us-gaap_SubsequentEventsTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventsTextBlock" xlink:to="us-gaap_SubsequentEventsTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_SubsequentEventsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsequent events</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:label="us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:to="us-gaap_BasisOfAccountingPolicyPolicyTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_BasisOfAccountingPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basis of Presentation</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="us-gaap_ConsolidationPolicyTextBlock" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UseOfEstimates" xlink:label="us-gaap_UseOfEstimates" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UseOfEstimates" xlink:to="us-gaap_UseOfEstimates_lbl" xlink:type="arc"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:label="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_InsurancePolicyTextBlock" xlink:label="gsl_InsurancePolicyTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_InsurancePolicyTextBlock" xlink:to="gsl_InsurancePolicyTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_InsurancePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance claims</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InventoryPolicyTextBlock" xlink:label="us-gaap_InventoryPolicyTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryPolicyTextBlock" xlink:to="us-gaap_InventoryPolicyTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_InventoryPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Inventories</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TradeAndOtherAccountsReceivablePolicy" xlink:label="us-gaap_TradeAndOtherAccountsReceivablePolicy" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TradeAndOtherAccountsReceivablePolicy" xlink:to="us-gaap_TradeAndOtherAccountsReceivablePolicy_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_TradeAndOtherAccountsReceivablePolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accounts receivable, net</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:label="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Vessels in operation</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredChargesPolicyTextBlock" xlink:label="us-gaap_DeferredChargesPolicyTextBlock" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_DeferredChargesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Deferred charges, net</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IntangibleAssetsFiniteLivedPolicy" xlink:label="us-gaap_IntangibleAssetsFiniteLivedPolicy" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IntangibleAssetsFiniteLivedPolicy" xlink:to="us-gaap_IntangibleAssetsFiniteLivedPolicy_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_IntangibleAssetsFiniteLivedPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible assets and liabilities &#x2013; charter agreements</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentImpairment" xlink:label="us-gaap_PropertyPlantAndEquipmentImpairment" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
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      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_PreferredSharesPolicyTextBlock" xlink:label="gsl_PreferredSharesPolicyTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PreferredSharesPolicyTextBlock" xlink:to="gsl_PreferredSharesPolicyTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_PreferredSharesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Preferred shares</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ComprehensiveIncomePolicyPolicyTextBlock" xlink:label="us-gaap_ComprehensiveIncomePolicyPolicyTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomePolicyPolicyTextBlock" xlink:to="us-gaap_ComprehensiveIncomePolicyPolicyTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ComprehensiveIncomePolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income/ (loss)</link:label>
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      <link:label xlink:label="us-gaap_RevenueRecognitionPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue recognition and related expense</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:to="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_lbl" xlink:type="arc"/>
      <link: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 transactions</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:label="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:to="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Share based compensation</link:label>
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      <link: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</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DividendsPolicyTextBlock" xlink:label="gsl_DividendsPolicyTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DividendsPolicyTextBlock" xlink:to="gsl_DividendsPolicyTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_DividendsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerSharePolicyTextBlock" xlink:label="us-gaap_EarningsPerSharePolicyTextBlock" xlink:type="locator"/>
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      <link:label xlink:label="us-gaap_EarningsPerSharePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings/ (Loss) per share</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConcentrationRiskCreditRisk" xlink:label="us-gaap_ConcentrationRiskCreditRisk" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskCreditRisk" xlink:to="us-gaap_ConcentrationRiskCreditRisk_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ConcentrationRiskCreditRisk_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risks Associated with Concentration</link:label>
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      <link:label xlink:label="us-gaap_SegmentReportingPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment Reporting</link:label>
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      <link:label xlink:label="us-gaap_FairValueOfFinancialInstrumentsPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurement and Financial Instruments</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:to="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Recently issued accounting standards</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfSubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDescriptionTextBlock" xlink:label="us-gaap_ScheduleOfSubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDescriptionTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfSubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDescriptionTextBlock" xlink:to="us-gaap_ScheduleOfSubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDescriptionTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ScheduleOfSubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDescriptionTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Vessels</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumedAbstract" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumedAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumedAbstract" xlink:to="us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumedAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumedAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Net Nonmonetary Assets Acquired (Liabilities Assumed) [Abstract]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfNoncashOrPartNoncashAcquisitionsTextBlock" xlink:label="us-gaap_ScheduleOfNoncashOrPartNoncashAcquisitionsTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfNoncashOrPartNoncashAcquisitionsTextBlock" xlink:to="us-gaap_ScheduleOfNoncashOrPartNoncashAcquisitionsTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ScheduleOfNoncashOrPartNoncashAcquisitionsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Noncash or Part Noncash Acquisitions</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsAbstract" xlink:label="us-gaap_RestrictedCashAndCashEquivalentsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCashAndCashEquivalentsAbstract" xlink:to="us-gaap_RestrictedCashAndCashEquivalentsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_RestrictedCashAndCashEquivalentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Cash and Cash Equivalents [Abstract]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock" xlink:label="us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock" xlink:to="us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Restricted Cash</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:label="us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Vessels in Operation, Less Accumulated Depreciation</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:label="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Deferred charges, net</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:type="locator"/>
      <link: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"/>
      <link: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]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ScheduleOfIntangibleLiabilitiesCharterAgreementsTableTextBlock" xlink:label="gsl_ScheduleOfIntangibleLiabilitiesCharterAgreementsTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ScheduleOfIntangibleLiabilitiesCharterAgreementsTableTextBlock" xlink:to="gsl_ScheduleOfIntangibleLiabilitiesCharterAgreementsTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ScheduleOfIntangibleLiabilitiesCharterAgreementsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible liabilities - Charter Agreements</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" xlink:to="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible assets - Charter Agreements</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfOtherCurrentAssetsTableTextBlock" xlink:label="us-gaap_ScheduleOfOtherCurrentAssetsTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfOtherCurrentAssetsTableTextBlock" xlink:to="us-gaap_ScheduleOfOtherCurrentAssetsTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ScheduleOfOtherCurrentAssetsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Prepaid Expenses and Other Current Assets</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfInventoryCurrentTableTextBlock" xlink:label="us-gaap_ScheduleOfInventoryCurrentTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfInventoryCurrentTableTextBlock" xlink:to="us-gaap_ScheduleOfInventoryCurrentTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ScheduleOfInventoryCurrentTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Inventories</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAbstract" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAbstract" xlink:to="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Payable and Accrued Liabilities, Current [Abstract]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock" xlink:label="us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock" xlink:to="us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accounts Payable</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PayablesAndAccrualsAbstract" xlink:label="us-gaap_PayablesAndAccrualsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PayablesAndAccrualsAbstract" xlink:to="us-gaap_PayablesAndAccrualsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_PayablesAndAccrualsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payables and Accruals [Abstract]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock" xlink:label="us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock" xlink:to="us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Liabilities</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:label="us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:to="us-gaap_ScheduleOfDebtInstrumentsTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ScheduleOfDebtInstrumentsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Long - Term Debt</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:to="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayment schedule</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ScheduleOfDeferredFinancingCostsTableTextBlock" xlink:label="gsl_ScheduleOfDeferredFinancingCostsTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ScheduleOfDeferredFinancingCostsTableTextBlock" xlink:to="gsl_ScheduleOfDeferredFinancingCostsTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ScheduleOfDeferredFinancingCostsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Deferred Financing Costs</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock" xlink:label="us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock" xlink:to="us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Time charter revenue</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock" xlink:label="us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock" xlink:to="us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating revenue from significant customers</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock" xlink:label="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock" xlink:to="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Charter Hire Receivable</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock" xlink:label="us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock" xlink:to="us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Summary of Share - Based Awards</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:to="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Earnings/(Loss) per Share</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NatureOfOperationsTable" xlink:label="gsl_NatureOfOperationsTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NatureOfOperationsTable" xlink:to="gsl_NatureOfOperationsTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NatureOfOperationsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nature Of Operations [Table]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NatureOfOperationsLineItems" xlink:label="gsl_NatureOfOperationsLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NatureOfOperationsLineItems" xlink:to="gsl_NatureOfOperationsLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NatureOfOperationsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nature Of Operations [Line Items]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_FleetCompanyName" xlink:label="gsl_FleetCompanyName" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_FleetCompanyName" xlink:to="gsl_FleetCompanyName_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_FleetCompanyName_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fleet</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_EntityIncorporationCountryName" xlink:label="gsl_EntityIncorporationCountryName" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_EntityIncorporationCountryName" xlink:to="gsl_EntityIncorporationCountryName_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_EntityIncorporationCountryName_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Country of incorporation</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_VesselName" xlink:label="gsl_VesselName" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VesselName" xlink:to="gsl_VesselName_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_VesselName_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessel Name</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CapacityOfVesselsInTwentyFootEquivalentUnits" xlink:label="gsl_CapacityOfVesselsInTwentyFootEquivalentUnits" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CapacityOfVesselsInTwentyFootEquivalentUnits" xlink:to="gsl_CapacityOfVesselsInTwentyFootEquivalentUnits_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_CapacityOfVesselsInTwentyFootEquivalentUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capacity in TEUs</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_YearBuilt" xlink:label="gsl_YearBuilt" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_YearBuilt" xlink:to="gsl_YearBuilt_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_YearBuilt_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Year Built</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_EarliestCharterExpiryDate" xlink:label="gsl_EarliestCharterExpiryDate" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_EarliestCharterExpiryDate" xlink:to="gsl_EarliestCharterExpiryDate_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_EarliestCharterExpiryDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earliest Charter Expiry Date</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfVesselsPurchased" xlink:label="gsl_NumberOfVesselsPurchased" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsPurchased" xlink:to="gsl_NumberOfVesselsPurchased_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsPurchased_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of vessels purchased</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfVesselsToBeSold" xlink:label="gsl_NumberOfVesselsToBeSold" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsToBeSold" xlink:to="gsl_NumberOfVesselsToBeSold_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsToBeSold_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of vessels to be sold</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfVesselsOwned" xlink:label="gsl_NumberOfVesselsOwned" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsOwned" xlink:to="gsl_NumberOfVesselsOwned_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsOwned_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of vessels owned</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_WeightedAverageAgeCapacity" xlink:label="gsl_WeightedAverageAgeCapacity" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_WeightedAverageAgeCapacity" xlink:to="gsl_WeightedAverageAgeCapacity_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_WeightedAverageAgeCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average age, weighted by TEU capacity</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfVesselsToBePurchased" xlink:label="gsl_NumberOfVesselsToBePurchased" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsToBePurchased" xlink:to="gsl_NumberOfVesselsToBePurchased_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsToBePurchased_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of vessels to be purchased</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions" xlink:label="us-gaap_SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions" xlink:to="us-gaap_SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ownership Interest</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DurationOfAgreements" xlink:label="gsl_DurationOfAgreements" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DurationOfAgreements" xlink:to="gsl_DurationOfAgreements_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_DurationOfAgreements_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Duration of agreement</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CharterHireDailyRate" xlink:label="gsl_CharterHireDailyRate" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CharterHireDailyRate" xlink:to="gsl_CharterHireDailyRate_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_CharterHireDailyRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Charter hire daily rate</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessCombinationsAbstract" xlink:label="us-gaap_BusinessCombinationsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationsAbstract" xlink:to="us-gaap_BusinessCombinationsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_BusinessCombinationsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combinations [Abstract]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNetAbstract" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNetAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNetAbstract" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNetAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNetAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets and Liabilities Acquired</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_FairValueOfFixedAssetsAcquired" xlink:label="gsl_FairValueOfFixedAssetsAcquired" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_FairValueOfFixedAssetsAcquired" xlink:to="gsl_FairValueOfFixedAssetsAcquired_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_FairValueOfFixedAssetsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessels fair value as of November 15, 2018</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AssetAcquisitionNegativeGoodwillRecognizedDuringPeriod" xlink:label="gsl_AssetAcquisitionNegativeGoodwillRecognizedDuringPeriod" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AssetAcquisitionNegativeGoodwillRecognizedDuringPeriod" xlink:to="gsl_AssetAcquisitionNegativeGoodwillRecognizedDuringPeriod_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AssetAcquisitionNegativeGoodwillRecognizedDuringPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Negative goodwill allocated pro-rata to the vessels acquired</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:to="us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Vessels fair value recognized as of November 15, 2018 (see note 3)</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NoncashOrPartNoncashAcquisitionCashAndCashEquivalentsAcquired" xlink:label="gsl_NoncashOrPartNoncashAcquisitionCashAndCashEquivalentsAcquired" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NoncashOrPartNoncashAcquisitionCashAndCashEquivalentsAcquired" xlink:to="gsl_NoncashOrPartNoncashAcquisitionCashAndCashEquivalentsAcquired_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NoncashOrPartNoncashAcquisitionCashAndCashEquivalentsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1" xlink:to="us-gaap_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value of time charter contracts attached, net of pro-rata allocation of negative goodwill</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1" xlink:to="us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_2_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Debt assumed</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NoncashOrPartNoncashAcquisitionWorkingCapitalAcquired" xlink:to="gsl_NoncashOrPartNoncashAcquisitionWorkingCapitalAcquired_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NoncashOrPartNoncashAcquisitionWorkingCapitalAcquired_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Working capital (excluding cash and cash equivalents)</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1" xlink:to="us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferredAbstract" xlink:label="us-gaap_BusinessCombinationConsiderationTransferredAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationConsiderationTransferredAbstract" xlink:to="us-gaap_BusinessCombinationConsiderationTransferredAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_BusinessCombinationConsiderationTransferredAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value of Consideration Given</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SharePrice" xlink:label="us-gaap_SharePrice" xlink:type="locator"/>
      <link: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"/>
      <link: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 as of November 15, 2018 (as adjusted for reverse stock split)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssued1" xlink:to="us-gaap_StockIssued1_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_StockIssued1_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value of stock-based consideration</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AssetAcquisitionCapitalizedTransactionCosts" xlink:label="gsl_AssetAcquisitionCapitalizedTransactionCosts" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AssetAcquisitionCapitalizedTransactionCosts" xlink:to="gsl_AssetAcquisitionCapitalizedTransactionCosts_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AssetAcquisitionCapitalizedTransactionCosts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Capitalized transaction expenses</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1" xlink:label="us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1" xlink:to="us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total consideration</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_SignificantAccountingPoliciesTable" xlink:label="gsl_SignificantAccountingPoliciesTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_SignificantAccountingPoliciesTable" xlink:to="gsl_SignificantAccountingPoliciesTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_SignificantAccountingPoliciesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Accounting Policies [Table]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_SignificantAccountingPoliciesLineItems" xlink:label="gsl_SignificantAccountingPoliciesLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_SignificantAccountingPoliciesLineItems" xlink:to="gsl_SignificantAccountingPoliciesLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_SignificantAccountingPoliciesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Accounting Policies [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_StatementGeographicalAxis" xlink:to="srt_StatementGeographicalAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="srt_StatementGeographicalAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Geographical [Axis]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityReverseStockSplit" xlink:label="us-gaap_StockholdersEquityReverseStockSplit" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityReverseStockSplit" xlink:to="us-gaap_StockholdersEquityReverseStockSplit_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_StockholdersEquityReverseStockSplit_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shareholders' Equity Note, Reverse Stock Split</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityNoteStockSplitConversionRatio1" xlink:label="us-gaap_StockholdersEquityNoteStockSplitConversionRatio1" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityNoteStockSplitConversionRatio1" xlink:to="us-gaap_StockholdersEquityNoteStockSplitConversionRatio1_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_StockholdersEquityNoteStockSplitConversionRatio1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shareholders' Equity Note, Reverse Stock Split, Conversion Ratio</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetCashProvidedByOperatingActivities" xlink:label="gsl_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetCashProvidedByOperatingActivities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetCashProvidedByOperatingActivities" xlink:to="gsl_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetCashProvidedByOperatingActivities_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetCashProvidedByOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effect in net cash provided by operating activities</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetCashProvidedByFinancingActivities" xlink:label="gsl_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetCashProvidedByFinancingActivities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetCashProvidedByFinancingActivities" xlink:to="gsl_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetCashProvidedByFinancingActivities_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetCashProvidedByFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effect in net cash used in financing activities</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowances for doubtful accounts</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfIntangibleAssetVesselsToBePurchased" xlink:label="gsl_NumberOfIntangibleAssetVesselsToBePurchased" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfIntangibleAssetVesselsToBePurchased" xlink:to="gsl_NumberOfIntangibleAssetVesselsToBePurchased_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfIntangibleAssetVesselsToBePurchased_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of vessels yet to be purchased</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestCostsCapitalized" xlink:label="us-gaap_InterestCostsCapitalized" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestCostsCapitalized" xlink:to="us-gaap_InterestCostsCapitalized_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_InterestCostsCapitalized_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capitalized interest</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentDepreciationMethods" xlink:label="us-gaap_PropertyPlantAndEquipmentDepreciationMethods" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentDepreciationMethods" xlink:to="us-gaap_PropertyPlantAndEquipmentDepreciationMethods_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentDepreciationMethods_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation method</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessel estimated useful life</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ScrapValueVesselsPerLwt" xlink:label="gsl_ScrapValueVesselsPerLwt" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ScrapValueVesselsPerLwt" xlink:to="gsl_ScrapValueVesselsPerLwt_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ScrapValueVesselsPerLwt_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scrap value of vessels per LWT</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_PeriodBetweenScheduledDrydockings" xlink:label="gsl_PeriodBetweenScheduledDrydockings" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PeriodBetweenScheduledDrydockings" xlink:to="gsl_PeriodBetweenScheduledDrydockings_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_PeriodBetweenScheduledDrydockings_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Period between scheduled regulatory drydockings</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_FutureCharterRateAssumptions" xlink:label="gsl_FutureCharterRateAssumptions" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_FutureCharterRateAssumptions" xlink:to="gsl_FutureCharterRateAssumptions_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_FutureCharterRateAssumptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Future charter rate assumptions</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_PeriodFromImpairmentTestDateInWhichAfterCurrentCharterExpiresForecastRatesAdopted" xlink:label="gsl_PeriodFromImpairmentTestDateInWhichAfterCurrentCharterExpiresForecastRatesAdopted" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PeriodFromImpairmentTestDateInWhichAfterCurrentCharterExpiresForecastRatesAdopted" xlink:to="gsl_PeriodFromImpairmentTestDateInWhichAfterCurrentCharterExpiresForecastRatesAdopted_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_PeriodFromImpairmentTestDateInWhichAfterCurrentCharterExpiresForecastRatesAdopted_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forecast Rate Period following charter expiry</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfVesselsImpairmentChargeRecognized" xlink:label="gsl_NumberOfVesselsImpairmentChargeRecognized" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsImpairmentChargeRecognized" xlink:to="gsl_NumberOfVesselsImpairmentChargeRecognized_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsImpairmentChargeRecognized_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of vessels on which impairment charge is recognized</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNet" xlink:to="us-gaap_PropertyPlantAndEquipmentNet_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentNet_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Net</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentFairValueDisclosure" xlink:label="us-gaap_PropertyPlantAndEquipmentFairValueDisclosure" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentFairValueDisclosure" xlink:to="us-gaap_PropertyPlantAndEquipmentFairValueDisclosure_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant, and Equipment, Fair Value Disclosure</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TangibleAssetImpairmentCharges" xlink:to="us-gaap_TangibleAssetImpairmentCharges_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_TangibleAssetImpairmentCharges_3_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vessel impairment charges</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="us-gaap_PreferredStockDividendRatePercentage" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PreferredStockDividendRatePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred shares dividend rate percentage</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfSubsidiaries" xlink:label="gsl_NumberOfSubsidiaries" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfSubsidiaries" xlink:to="gsl_NumberOfSubsidiaries_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of subsidiaries owned by the Company</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:to="us-gaap_EffectiveIncomeTaxRateContinuingOperations_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Principal rate of corporate income tax</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfBanksHoldingDeposits" xlink:label="gsl_NumberOfBanksHoldingDeposits" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfBanksHoldingDeposits" xlink:to="gsl_NumberOfBanksHoldingDeposits_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfBanksHoldingDeposits_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of banks holding deposits</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NumberOfReportableSegments" xlink:label="us-gaap_NumberOfReportableSegments" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfReportableSegments" xlink:to="us-gaap_NumberOfReportableSegments_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_NumberOfReportableSegments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of Reportable Segments</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessAcquisitionDateOfAcquisitionAgreement1" xlink:label="us-gaap_BusinessAcquisitionDateOfAcquisitionAgreement1" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionDateOfAcquisitionAgreement1" xlink:to="us-gaap_BusinessAcquisitionDateOfAcquisitionAgreement1_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_BusinessAcquisitionDateOfAcquisitionAgreement1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Acquisition, Date of Acquisition Agreement</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ImpairedLongLivedAssetsHeldAndUsedAssetDescription" xlink:label="us-gaap_ImpairedLongLivedAssetsHeldAndUsedAssetDescription" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairedLongLivedAssetsHeldAndUsedAssetDescription" xlink:to="us-gaap_ImpairedLongLivedAssetsHeldAndUsedAssetDescription_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ImpairedLongLivedAssetsHeldAndUsedAssetDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impaired Long-Lived Assets Held and Used, Asset Description</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ImpairedLongLivedAssetsHeldAndUsedMethodForDeterminingFairValue" xlink:label="us-gaap_ImpairedLongLivedAssetsHeldAndUsedMethodForDeterminingFairValue" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairedLongLivedAssetsHeldAndUsedMethodForDeterminingFairValue" xlink:to="us-gaap_ImpairedLongLivedAssetsHeldAndUsedMethodForDeterminingFairValue_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ImpairedLongLivedAssetsHeldAndUsedMethodForDeterminingFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impaired Long-Lived Assets Held and Used, Method for Determining Fair Value</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EscrowDeposit" xlink:label="us-gaap_EscrowDeposit" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EscrowDeposit" xlink:to="us-gaap_EscrowDeposit_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_EscrowDeposit_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retention accounts</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RestrictedCashCurrent" xlink:label="us-gaap_RestrictedCashCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCashCurrent" xlink:to="us-gaap_RestrictedCashCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_RestrictedCashCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted bank deposits</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_2_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Current Restricted Cash</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CompensatingBalanceAmount" xlink:label="us-gaap_CompensatingBalanceAmount" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CompensatingBalanceAmount" xlink:to="us-gaap_CompensatingBalanceAmount_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_CompensatingBalanceAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Collateral</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashCollateralForBorrowedSecurities" xlink:label="us-gaap_CashCollateralForBorrowedSecurities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCollateralForBorrowedSecurities" xlink:to="us-gaap_CashCollateralForBorrowedSecurities_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_CashCollateralForBorrowedSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Guarantee deposits</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RestrictedCashNoncurrent" xlink:label="us-gaap_RestrictedCashNoncurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCashNoncurrent" xlink:to="us-gaap_RestrictedCashNoncurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_RestrictedCashNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Restricted bank deposits</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCashAndCashEquivalentsNoncurrent" xlink:to="us-gaap_RestrictedCashAndCashEquivalentsNoncurrent_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_RestrictedCashAndCashEquivalentsNoncurrent_2_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Non - Current Restricted Cash</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents" xlink:label="us-gaap_RestrictedCashAndCashEquivalents" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCashAndCashEquivalents" xlink:to="us-gaap_RestrictedCashAndCashEquivalents_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_RestrictedCashAndCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Current and Non - Current Restricted Cash</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:label="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:to="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment [Table]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentLineItems" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems" xlink:type="locator"/>
      <link: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"/>
      <link: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]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross" xlink:label="us-gaap_PropertyPlantAndEquipmentGross" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentGross_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="resource" xml:lang="en-US">Balance</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNet" xlink:to="us-gaap_PropertyPlantAndEquipmentNet_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentNet_3_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAdditions" xlink:label="us-gaap_PropertyPlantAndEquipmentAdditions" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentAdditions_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additions</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:to="us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisitions through the Poseidon Transaction</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Depreciation" xlink:label="us-gaap_Depreciation" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_Depreciation_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Depreciation</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TangibleAssetImpairmentCharges" xlink:to="us-gaap_TangibleAssetImpairmentCharges_4_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_TangibleAssetImpairmentCharges_4_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Impairment loss</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment" xlink:label="gsl_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment" xlink:to="gsl_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Impairment loss</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentGross" xlink:to="us-gaap_PropertyPlantAndEquipmentGross_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentGross_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:to="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_2_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="resource" xml:lang="en-US">Balance</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNet" xlink:to="us-gaap_PropertyPlantAndEquipmentNet_4_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentNet_4_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_VesselDeliveryDate" xlink:label="gsl_VesselDeliveryDate" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VesselDeliveryDate" xlink:to="gsl_VesselDeliveryDate_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_VesselDeliveryDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessel delivery date</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_YearBuilt" xlink:to="gsl_YearBuilt_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_YearBuilt_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Year built</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentAdditions" xlink:to="us-gaap_PropertyPlantAndEquipmentAdditions_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentAdditions_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Vessel acquisition cost</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfVesselsTestedForImpairment" xlink:label="gsl_NumberOfVesselsTestedForImpairment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsTestedForImpairment" xlink:to="gsl_NumberOfVesselsTestedForImpairment_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsTestedForImpairment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of vessels tested for impairment</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_VesselCharterPeriod" xlink:label="gsl_VesselCharterPeriod" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VesselCharterPeriod" xlink:to="gsl_VesselCharterPeriod_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_VesselCharterPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessel charter period</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DailyCharterRate" xlink:label="gsl_DailyCharterRate" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DailyCharterRate" xlink:to="gsl_DailyCharterRate_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_DailyCharterRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Daily Charter Rate</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GainLossOnSaleOfPropertyPlantEquipment" xlink:label="us-gaap_GainLossOnSaleOfPropertyPlantEquipment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfPropertyPlantEquipment" xlink:to="us-gaap_GainLossOnSaleOfPropertyPlantEquipment_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_GainLossOnSaleOfPropertyPlantEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain on sale of vessels</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfVesselsPledgedAsCollateralUnderCreditFacilities" xlink:label="gsl_NumberOfVesselsPledgedAsCollateralUnderCreditFacilities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsPledgedAsCollateralUnderCreditFacilities" xlink:to="gsl_NumberOfVesselsPledgedAsCollateralUnderCreditFacilities_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsPledgedAsCollateralUnderCreditFacilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of vessels pledged as collateral</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfUnencumberedVessels" xlink:label="gsl_NumberOfUnencumberedVessels" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfUnencumberedVessels" xlink:to="gsl_NumberOfUnencumberedVessels_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfUnencumberedVessels_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of unencumbered vessels</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ContractualObligation" xlink:label="us-gaap_ContractualObligation" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForConstructionInProcess" xlink:to="us-gaap_PaymentsForConstructionInProcess_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_PaymentsForConstructionInProcess_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments for Construction in Process</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredCostsNoncurrentAbstract" xlink:label="us-gaap_DeferredCostsNoncurrentAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredCostsNoncurrentAbstract" xlink:to="us-gaap_DeferredCostsNoncurrentAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DeferredCostsNoncurrentAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Costs, Noncurrent [Abstract]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredCosts" xlink:to="us-gaap_DeferredCosts_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DeferredCosts_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DeferredCostsAdditions" xlink:label="gsl_DeferredCostsAdditions" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DeferredCostsAdditions" xlink:to="gsl_DeferredCostsAdditions_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_DeferredCostsAdditions_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Additions</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AmortizationOfDeferredCharges" xlink:label="us-gaap_AmortizationOfDeferredCharges" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_AmortizationOfDeferredCharges_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Amortization</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DeferredCostsWriteOff" xlink:label="gsl_DeferredCostsWriteOff" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DeferredCostsWriteOff" xlink:to="gsl_DeferredCostsWriteOff_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_DeferredCostsWriteOff_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Write - off</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredCosts" xlink:to="us-gaap_DeferredCosts_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DeferredCosts_3_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_IntangibleLiabilityDisclosureAbstract" xlink:label="gsl_IntangibleLiabilityDisclosureAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleLiabilityDisclosureAbstract" xlink:to="gsl_IntangibleLiabilityDisclosureAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_IntangibleLiabilityDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible Liability Disclosure [Abstract]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_IntangibleLiabilityCharterAgreementsAbstract" xlink:label="gsl_IntangibleLiabilityCharterAgreementsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleLiabilityCharterAgreementsAbstract" xlink:to="gsl_IntangibleLiabilityCharterAgreementsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_IntangibleLiabilityCharterAgreementsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Intangible Assets/Liabilities - Charter Agreements</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleLiabilityCharterAgreementsNoncurrent" xlink:to="gsl_IntangibleLiabilityCharterAgreementsNoncurrent_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_IntangibleLiabilityCharterAgreementsNoncurrent_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Opening balance</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AmortizationOfBelowMarketLeases" xlink:label="gsl_AmortizationOfBelowMarketLeases" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AmortizationOfBelowMarketLeases" xlink:to="gsl_AmortizationOfBelowMarketLeases_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AmortizationOfBelowMarketLeases_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Amortization in period</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleLiabilityCharterAgreementsNoncurrent" xlink:to="gsl_IntangibleLiabilityCharterAgreementsNoncurrent_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_IntangibleLiabilityCharterAgreementsNoncurrent_3_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Closing balance</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsNet" xlink:to="us-gaap_FiniteLivedIntangibleAssetsNet_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Opening balance</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1" xlink:to="us-gaap_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Additions through the Poseidon Transaction</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AmortizationOfAboveMarketLeases" xlink:label="gsl_AmortizationOfAboveMarketLeases" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AmortizationOfAboveMarketLeases" xlink:to="gsl_AmortizationOfAboveMarketLeases_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AmortizationOfAboveMarketLeases_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Amortization in the year</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsNet" xlink:to="us-gaap_FiniteLivedIntangibleAssetsNet_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_3_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Closing balance</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ScheduleOfFiniteLivedIntangibleLiabilitiesTable" xlink:label="gsl_ScheduleOfFiniteLivedIntangibleLiabilitiesTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ScheduleOfFiniteLivedIntangibleLiabilitiesTable" xlink:to="gsl_ScheduleOfFiniteLivedIntangibleLiabilitiesTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ScheduleOfFiniteLivedIntangibleLiabilitiesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Finite Lived Intangible Liabilities [Table]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems" xlink:label="gsl_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems" xlink:to="gsl_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FiniteLivedIntangibleAssetsAndLiabilitiesLineItems [Line Items]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfVesselsContractedWithFiniteLivedIntangibleLiability" xlink:label="gsl_NumberOfVesselsContractedWithFiniteLivedIntangibleLiability" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsContractedWithFiniteLivedIntangibleLiability" xlink:to="gsl_NumberOfVesselsContractedWithFiniteLivedIntangibleLiability_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsContractedWithFiniteLivedIntangibleLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of vessels related to intangible liabilities</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfVesselsContractedWithFiniteLivedIntangibleAsset" xlink:label="gsl_NumberOfVesselsContractedWithFiniteLivedIntangibleAsset" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsContractedWithFiniteLivedIntangibleAsset" xlink:to="gsl_NumberOfVesselsContractedWithFiniteLivedIntangibleAsset_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsContractedWithFiniteLivedIntangibleAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of vessels related to intangible assets</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PrepaidExpenseCurrentAbstract" xlink:label="us-gaap_PrepaidExpenseCurrentAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrepaidExpenseCurrentAbstract" xlink:to="us-gaap_PrepaidExpenseCurrentAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_PrepaidExpenseCurrentAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prepaid Expense, Current [Abstract]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InsuranceSettlementsReceivableCurrent" xlink:label="us-gaap_InsuranceSettlementsReceivableCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InsuranceSettlementsReceivableCurrent" xlink:to="us-gaap_InsuranceSettlementsReceivableCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_InsuranceSettlementsReceivableCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance and other claims</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Supplies" xlink:label="us-gaap_Supplies" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Supplies" xlink:to="us-gaap_Supplies_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_Supplies_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advances to suppliers and other assets</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_PrepaidVesselExpenditures" xlink:label="gsl_PrepaidVesselExpenditures" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PrepaidVesselExpenditures" xlink:to="gsl_PrepaidVesselExpenditures_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_PrepaidVesselExpenditures_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prepaid vessel expenditure</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PrepaidInsurance" xlink:label="us-gaap_PrepaidInsurance" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrepaidInsurance" xlink:to="us-gaap_PrepaidInsurance_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_PrepaidInsurance_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prepaid insurances</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherAssetsCurrent" xlink:label="us-gaap_OtherAssetsCurrent" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_OtherAssetsCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrepaidExpenseAndOtherAssetsCurrent" xlink:to="us-gaap_PrepaidExpenseAndOtherAssetsCurrent_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_PrepaidExpenseAndOtherAssetsCurrent_2_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InventoryNetAbstract" xlink:label="us-gaap_InventoryNetAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryNetAbstract" xlink:to="us-gaap_InventoryNetAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_InventoryNetAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory, Net [Abstract]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_BunkerInventoryCurrent" xlink:label="gsl_BunkerInventoryCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_BunkerInventoryCurrent" xlink:to="gsl_BunkerInventoryCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_BunkerInventoryCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bunkers</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_LubricantsInventoryCurrent" xlink:label="gsl_LubricantsInventoryCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LubricantsInventoryCurrent" xlink:to="gsl_LubricantsInventoryCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_LubricantsInventoryCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lubricants</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_StoresInventoryCurrent" xlink:label="gsl_StoresInventoryCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_StoresInventoryCurrent" xlink:to="gsl_StoresInventoryCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_StoresInventoryCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stores</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_VictuallingInventoryCurrent" xlink:label="gsl_VictuallingInventoryCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VictuallingInventoryCurrent" xlink:to="gsl_VictuallingInventoryCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_VictuallingInventoryCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Victualling</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryNet" xlink:to="us-gaap_InventoryNet_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_InventoryNet_2_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsPayableCurrentAbstract" xlink:label="us-gaap_AccountsPayableCurrentAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableCurrentAbstract" xlink:to="us-gaap_AccountsPayableCurrentAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_AccountsPayableCurrentAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Payable, Current [Abstract]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AccountsPayableToSuppliersAndRepairersCurrent" xlink:label="gsl_AccountsPayableToSuppliersAndRepairersCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AccountsPayableToSuppliersAndRepairersCurrent" xlink:to="gsl_AccountsPayableToSuppliersAndRepairersCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AccountsPayableToSuppliersAndRepairersCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Suppliers, repairers</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_PayablesToBrokerDealersAndClearingOrganizations" xlink:label="srt_PayablesToBrokerDealersAndClearingOrganizations" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_PayablesToBrokerDealersAndClearingOrganizations" xlink:to="srt_PayablesToBrokerDealersAndClearingOrganizations_lbl" xlink:type="arc"/>
      <link:label xlink:label="srt_PayablesToBrokerDealersAndClearingOrganizations_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurers, agents and brokers</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AccountsPayableToCharterers" xlink:label="gsl_AccountsPayableToCharterers" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AccountsPayableToCharterers" xlink:to="gsl_AccountsPayableToCharterers_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AccountsPayableToCharterers_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payables to charterers</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsPayableOtherCurrent" xlink:label="us-gaap_AccountsPayableOtherCurrent" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_AccountsPayableOtherCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other creditors</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableCurrent" xlink:to="us-gaap_AccountsPayableCurrent_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_AccountsPayableCurrent_2_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAbstract" xlink:label="us-gaap_AccruedLiabilitiesCurrentAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccruedLiabilitiesCurrentAbstract" xlink:to="us-gaap_AccruedLiabilitiesCurrentAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_AccruedLiabilitiesCurrentAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Liabilities, Current [Abstract]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AccruedExpenses" xlink:label="gsl_AccruedExpenses" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AccruedExpenses" xlink:to="gsl_AccruedExpenses_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AccruedExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued expenses</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestPayableCurrent" xlink:label="us-gaap_InterestPayableCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPayableCurrent" xlink:to="us-gaap_InterestPayableCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_InterestPayableCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued interest</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccruedLiabilitiesCurrent" xlink:to="us-gaap_AccruedLiabilitiesCurrent_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_AccruedLiabilitiesCurrent_2_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="us-gaap_DebtInstrumentTable" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_DebtInstrumentTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Long-term Debt Instruments [Table]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="us-gaap_DebtInstrumentLineItems" xlink:type="locator"/>
      <link: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"/>
      <link: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]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="us-gaap_DebtInstrumentCarryingAmount" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Outstanding amount</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="us-gaap_DebtInstrumentFaceAmount" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">2022 Notes</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentRepurchasedFaceAmount" xlink:label="us-gaap_DebtInstrumentRepurchasedFaceAmount" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentRepurchasedFaceAmount" xlink:to="us-gaap_DebtInstrumentRepurchasedFaceAmount_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DebtInstrumentRepurchasedFaceAmount_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less repurchases</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NotesPayable" xlink:label="us-gaap_NotesPayable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesPayable" xlink:to="us-gaap_NotesPayable_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_NotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Notes</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredFinanceCostsNoncurrentNet" xlink:label="us-gaap_DeferredFinanceCostsNoncurrentNet" xlink:type="locator"/>
      <link: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"/>
      <link: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 financing costs</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NotesPayableCurrent" xlink:label="us-gaap_NotesPayableCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesPayableCurrent" xlink:to="us-gaap_NotesPayableCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_NotesPayableCurrent_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less: Current portion of 2022 Notes</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtCurrent" xlink:to="us-gaap_LongTermDebtCurrent_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_LongTermDebtCurrent_2_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less: Current portion of long-term debt</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredFinanceCostsGross" xlink:label="us-gaap_DeferredFinanceCostsGross" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFinanceCostsGross" xlink:to="us-gaap_DeferredFinanceCostsGross_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DeferredFinanceCostsGross_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less: Original issue discount of Notes</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtNoncurrent" xlink:to="us-gaap_LongTermDebtNoncurrent_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_LongTermDebtNoncurrent_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Non - current portion of Long-Term Debt</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">December 31, 2020</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">December 31, 2021</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">December 31, 2022</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">December 31, 2023</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">December 31, 2024 and thereafter</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentCarryingAmount" xlink:to="us-gaap_DebtInstrumentCarryingAmount_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DebtInstrumentCarryingAmount_2_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredFinanceCostsNetAbstract" xlink:label="us-gaap_DeferredFinanceCostsNetAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFinanceCostsNetAbstract" xlink:to="us-gaap_DeferredFinanceCostsNetAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DeferredFinanceCostsNetAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Issuance Costs, Net [Abstract]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredFinanceCostsNet" xlink:label="us-gaap_DeferredFinanceCostsNet" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFinanceCostsNet" xlink:to="us-gaap_DeferredFinanceCostsNet_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Opening balance</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AdditionalDeferredFinancingCosts" xlink:label="gsl_AdditionalDeferredFinancingCosts" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AdditionalDeferredFinancingCosts" xlink:to="gsl_AdditionalDeferredFinancingCosts_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AdditionalDeferredFinancingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expenditure in the period</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AmortizationOfFinancingCostsAndDiscounts" xlink:label="us-gaap_AmortizationOfFinancingCostsAndDiscounts" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfFinancingCostsAndDiscounts" xlink:to="us-gaap_AmortizationOfFinancingCostsAndDiscounts_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_AmortizationOfFinancingCostsAndDiscounts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization included within interest expense</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFinanceCostsNet" xlink:to="us-gaap_DeferredFinanceCostsNet_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DeferredFinanceCostsNet_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Closing balance</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentRedemptionPeriodAxis" xlink:to="us-gaap_DebtInstrumentRedemptionPeriodAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DebtInstrumentRedemptionPeriodAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Redemption, Period [Axis]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentIssuanceDate1" xlink:label="us-gaap_DebtInstrumentIssuanceDate1" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_DebtInstrumentIssuanceDate1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issuance date of debt instrument</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentFaceAmount" xlink:to="us-gaap_DebtInstrumentFaceAmount_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DebtInstrumentFaceAmount_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Issuance of notes</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentMaturityDate" xlink:label="us-gaap_DebtInstrumentMaturityDate" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityFrequencyOfPayments" xlink:label="us-gaap_LineOfCreditFacilityFrequencyOfPayments" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfSecuredDebt" xlink:to="us-gaap_ProceedsFromIssuanceOfSecuredDebt_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ProceedsFromIssuanceOfSecuredDebt_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from debt issuance, net of costs</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentFrequencyOfPeriodicPayment" xlink:label="us-gaap_DebtInstrumentFrequencyOfPeriodicPayment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentFrequencyOfPeriodicPayment" xlink:to="us-gaap_DebtInstrumentFrequencyOfPeriodicPayment_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DebtInstrumentFrequencyOfPeriodicPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest on notes</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentDateOfFirstRequiredPayment1" xlink:label="us-gaap_DebtInstrumentDateOfFirstRequiredPayment1" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentDateOfFirstRequiredPayment1" xlink:to="us-gaap_DebtInstrumentDateOfFirstRequiredPayment1_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DebtInstrumentDateOfFirstRequiredPayment1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Date of first required payment</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfVesselsSecuredToNotes" xlink:label="gsl_NumberOfVesselsSecuredToNotes" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsSecuredToNotes" xlink:to="gsl_NumberOfVesselsSecuredToNotes_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsSecuredToNotes_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of vessels secured to notes</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DebtInstrumentMinimumCashBalance" xlink:label="gsl_DebtInstrumentMinimumCashBalance" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DebtInstrumentMinimumCashBalance" xlink:to="gsl_DebtInstrumentMinimumCashBalance_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_DebtInstrumentMinimumCashBalance_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum cash balance requirement</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DebtInstrumentRedemptionAmount" xlink:label="gsl_DebtInstrumentRedemptionAmount" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DebtInstrumentRedemptionAmount" xlink:to="gsl_DebtInstrumentRedemptionAmount_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_DebtInstrumentRedemptionAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument Redemption Amount</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentRepurchasedFaceAmount" xlink:to="us-gaap_DebtInstrumentRepurchasedFaceAmount_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DebtInstrumentRepurchasedFaceAmount_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Repurchased Face Amount</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DebtInstrumentRepurchasePricePercentage" xlink:label="gsl_DebtInstrumentRepurchasePricePercentage" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DebtInstrumentRepurchasePricePercentage" xlink:to="gsl_DebtInstrumentRepurchasePricePercentage_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_DebtInstrumentRepurchasePricePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Repurchase Price Percentage</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Repayment of long term debt, first year</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Repayment of long term debt, second year</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Repayment of long term debt, third year</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Repayment of long term debt, thereafter</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentRedemptionPricePercentage" xlink:label="us-gaap_DebtInstrumentRedemptionPricePercentage" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentRestrictiveCovenants" xlink:label="us-gaap_DebtInstrumentRestrictiveCovenants" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentRestrictiveCovenants" xlink:to="us-gaap_DebtInstrumentRestrictiveCovenants_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DebtInstrumentRestrictiveCovenants_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Restrictive Covenants</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebt" xlink:label="us-gaap_LongTermDebt" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_LongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Outstanding balance</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfDebt" xlink:to="us-gaap_RepaymentsOfDebt_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_RepaymentsOfDebt_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments of debt</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityTable" xlink:label="us-gaap_LineOfCreditFacilityTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityTable" xlink:to="us-gaap_LineOfCreditFacilityTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_LineOfCreditFacilityTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility [Table]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityLineItems" xlink:label="us-gaap_LineOfCreditFacilityLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityLineItems" xlink:to="us-gaap_LineOfCreditFacilityLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_LineOfCreditFacilityLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility [Line Items]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityInitiationDate1" xlink:label="us-gaap_LineOfCreditFacilityInitiationDate1" xlink:type="locator"/>
      <link: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"/>
      <link: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 issuance date</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberLoanTranches" xlink:label="gsl_NumberLoanTranches" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberLoanTranches" xlink:to="gsl_NumberLoanTranches_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberLoanTranches_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of loan tranches</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromLinesOfCredit" xlink:to="us-gaap_ProceedsFromLinesOfCredit_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ProceedsFromLinesOfCredit_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Amount drawn down</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_LineOfCreditFacilityNumberOfRepaymentInstalment" xlink:label="gsl_LineOfCreditFacilityNumberOfRepaymentInstalment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LineOfCreditFacilityNumberOfRepaymentInstalment" xlink:to="gsl_LineOfCreditFacilityNumberOfRepaymentInstalment_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_LineOfCreditFacilityNumberOfRepaymentInstalment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Number of Repayment Instalments</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityPeriodicPayment" xlink:label="us-gaap_LineOfCreditFacilityPeriodicPayment" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityDateOfFirstRequiredPayment1" xlink:label="us-gaap_LineOfCreditFacilityDateOfFirstRequiredPayment1" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityDateOfFirstRequiredPayment1" xlink:to="us-gaap_LineOfCreditFacilityDateOfFirstRequiredPayment1_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_LineOfCreditFacilityDateOfFirstRequiredPayment1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Date of First Required Payment</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:label="us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityExpirationDate1" xlink:label="us-gaap_LineOfCreditFacilityExpirationDate1" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityInterestRateDescription" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDescription" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan margin percentage</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfVesselFinanced" xlink:label="gsl_NumberOfVesselFinanced" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselFinanced" xlink:to="gsl_NumberOfVesselFinanced_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselFinanced_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of vessels financed</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_LongtermDebtPrincipalAmountBearingInterest" xlink:label="gsl_LongtermDebtPrincipalAmountBearingInterest" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LongtermDebtPrincipalAmountBearingInterest" xlink:to="gsl_LongtermDebtPrincipalAmountBearingInterest_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_LongtermDebtPrincipalAmountBearingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Debt Principal Amount Bearing Interest</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:to="us-gaap_DebtInstrumentInterestRateStatedPercentage_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate, Stated Percentage</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityDescription" xlink:label="us-gaap_LineOfCreditFacilityDescription" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityDescription" xlink:to="us-gaap_LineOfCreditFacilityDescription_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_LineOfCreditFacilityDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility Description</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentTerm" xlink:label="us-gaap_DebtInstrumentTerm" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentTerm" xlink:to="us-gaap_DebtInstrumentTerm_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DebtInstrumentTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit facility maturity period</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtPercentageBearingFixedInterestRate" xlink:label="us-gaap_LongTermDebtPercentageBearingFixedInterestRate" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtPercentageBearingFixedInterestRate" xlink:to="us-gaap_LongTermDebtPercentageBearingFixedInterestRate_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_LongTermDebtPercentageBearingFixedInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DebtServiceCoverageRatio" xlink:label="gsl_DebtServiceCoverageRatio" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DebtServiceCoverageRatio" xlink:to="gsl_DebtServiceCoverageRatio_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_DebtServiceCoverageRatio_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Service Coverage Ratio (DSCR)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RangeAxis" xlink:to="srt_RangeAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="srt_RangeAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Statistical Measurement [Axis]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:label="us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:to="us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unused Capacity, Commitment Fee Percentage</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfDebt" xlink:to="us-gaap_RepaymentsOfDebt_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_RepaymentsOfDebt_3_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Repayments of Debt</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_MaximumBorrowingCapacityPercentageOfMarketValueOfVessel" xlink:label="gsl_MaximumBorrowingCapacityPercentageOfMarketValueOfVessel" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_MaximumBorrowingCapacityPercentageOfMarketValueOfVessel" xlink:to="gsl_MaximumBorrowingCapacityPercentageOfMarketValueOfVessel_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_MaximumBorrowingCapacityPercentageOfMarketValueOfVessel_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum Borrowing Capacity, Percentage of the charter free market value of the vessel</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AdditionalDeferredFinancingCosts" xlink:to="gsl_AdditionalDeferredFinancingCosts_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AdditionalDeferredFinancingCosts_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Fees and related costs deferred</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFinanceCostsNet" xlink:to="us-gaap_DeferredFinanceCostsNet_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DeferredFinanceCostsNet_3_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Issuance Costs, Net</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WriteOffOfDeferredDebtIssuanceCost" xlink:label="us-gaap_WriteOffOfDeferredDebtIssuanceCost" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WriteOffOfDeferredDebtIssuanceCost" xlink:to="us-gaap_WriteOffOfDeferredDebtIssuanceCost_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_WriteOffOfDeferredDebtIssuanceCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Write off of Deferred Debt Issuance Cost</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentsAbstract" xlink:label="us-gaap_DebtInstrumentsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentsAbstract" xlink:to="us-gaap_DebtInstrumentsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DebtInstrumentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instruments [Abstract]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentCovenantDescription" xlink:label="us-gaap_DebtInstrumentCovenantDescription" xlink:type="locator"/>
      <link: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"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentCovenantCompliance" xlink:label="us-gaap_DebtInstrumentCovenantCompliance" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentCovenantCompliance" xlink:to="us-gaap_DebtInstrumentCovenantCompliance_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DebtInstrumentCovenantCompliance_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Covenant Compliance</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConcentrationRiskPercentage1" xlink:label="us-gaap_ConcentrationRiskPercentage1" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskPercentage1" xlink:to="us-gaap_ConcentrationRiskPercentage1_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ConcentrationRiskPercentage1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage of revenue</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:to="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Related Party Transactions, by Related Party [Table]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RelatedPartyTransactionLineItems" xlink:label="us-gaap_RelatedPartyTransactionLineItems" xlink:type="locator"/>
      <link: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"/>
      <link: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]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_VotingInterest" xlink:label="gsl_VotingInterest" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VotingInterest" xlink:to="gsl_VotingInterest_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_VotingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Voting interest</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfVesselsUnderTechnicalManagement" xlink:label="gsl_NumberOfVesselsUnderTechnicalManagement" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsUnderTechnicalManagement" xlink:to="gsl_NumberOfVesselsUnderTechnicalManagement_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsUnderTechnicalManagement_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of vessels under technical management</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_MaximumContractedCharterHireReceivable" xlink:label="gsl_MaximumContractedCharterHireReceivable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_MaximumContractedCharterHireReceivable" xlink:to="gsl_MaximumContractedCharterHireReceivable_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_MaximumContractedCharterHireReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum contracted charter hire receivable</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ApproximateRemainingCharterTerm" xlink:label="gsl_ApproximateRemainingCharterTerm" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ApproximateRemainingCharterTerm" xlink:to="gsl_ApproximateRemainingCharterTerm_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ApproximateRemainingCharterTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Remaining charter terms</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AnnualShipManagementFeesPerVessel" xlink:label="gsl_AnnualShipManagementFeesPerVessel" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AnnualShipManagementFeesPerVessel" xlink:to="gsl_AnnualShipManagementFeesPerVessel_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_AnnualShipManagementFeesPerVessel_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Annual ship management fee per vessel</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProfessionalAndContractServicesExpense" xlink:label="us-gaap_ProfessionalAndContractServicesExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProfessionalAndContractServicesExpense" xlink:to="us-gaap_ProfessionalAndContractServicesExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ProfessionalAndContractServicesExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Management fees</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">December 31, 2020</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">December 31, 2021</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">December 31, 2022</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">December 31, 2023</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Thereafter</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable" xlink:type="locator"/>
      <link: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"/>
      <link: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 lease revenue, net of address commissions</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfStockByClassTable" xlink:label="us-gaap_ScheduleOfStockByClassTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfStockByClassTable" xlink:to="us-gaap_ScheduleOfStockByClassTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ScheduleOfStockByClassTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Stock by Class [Table]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfStockLineItems" xlink:to="us-gaap_ClassOfStockLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ClassOfStockLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_TitleOfIndividualAxis" xlink:to="srt_TitleOfIndividualAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="srt_TitleOfIndividualAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Title of Individual [Axis]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfClassesOfCommonStock" xlink:label="gsl_NumberOfClassesOfCommonStock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfClassesOfCommonStock" xlink:to="gsl_NumberOfClassesOfCommonStock_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfClassesOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of common shares</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DividendRequiredForClassBConversion" xlink:label="gsl_DividendRequiredForClassBConversion" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DividendRequiredForClassBConversion" xlink:to="gsl_DividendRequiredForClassBConversion_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_DividendRequiredForClassBConversion_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividend required for Class B conversion</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockConversionBasis" xlink:label="us-gaap_CommonStockConversionBasis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockConversionBasis" xlink:to="us-gaap_CommonStockConversionBasis_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_CommonStockConversionBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Shares, Conversion Basis</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockDividendsPerShareCashPaid" xlink:label="us-gaap_CommonStockDividendsPerShareCashPaid" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockDividendsPerShareCashPaid" xlink:to="us-gaap_CommonStockDividendsPerShareCashPaid_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_CommonStockDividendsPerShareCashPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common shares dividends paid</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shares issued</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_PreferredStockDepositorySharesIssued" xlink:label="gsl_PreferredStockDepositorySharesIssued" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PreferredStockDepositorySharesIssued" xlink:to="gsl_PreferredStockDepositorySharesIssued_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_PreferredStockDepositorySharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depositary shares issued</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromIssuanceOfRedeemablePreferredStock" xlink:label="us-gaap_ProceedsFromIssuanceOfRedeemablePreferredStock" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_ProceedsFromIssuanceOfRedeemablePreferredStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net proceeds from issuance</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_PreferredStockIssueDescription" xlink:label="gsl_PreferredStockIssueDescription" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PreferredStockIssueDescription" xlink:to="gsl_PreferredStockIssueDescription_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_PreferredStockIssueDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred shares issuance term description</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockRedemptionTerms" xlink:label="us-gaap_PreferredStockRedemptionTerms" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PreferredStockRedemptionTerms_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Shares, Redemption Terms</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockRedemptionPricePerShare" xlink:label="us-gaap_PreferredStockRedemptionPricePerShare" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_PreferredStockRedemptionPricePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Redemption price per share</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_PreferredStockRedemptionPricePerDepositoryShare" xlink:label="gsl_PreferredStockRedemptionPricePerDepositoryShare" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PreferredStockRedemptionPricePerDepositoryShare" xlink:to="gsl_PreferredStockRedemptionPricePerDepositoryShare_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_PreferredStockRedemptionPricePerDepositoryShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Redemption price per depositary share</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DividendsPayableDateDeclaredDayMonthAndYear" xlink:label="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear" xlink:to="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividend declaration date</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodSharesNewIssues_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Shares Issued During Period, Shares, New Issues</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PreferredStockIssuedDuringPeriodSharesNewIssues" xlink:to="gsl_PreferredStockIssuedDuringPeriodSharesNewIssues_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_PreferredStockIssuedDuringPeriodSharesNewIssues_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Preferred shares issued</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_PreferredStockNumberOfVotingRights" xlink:label="gsl_PreferredStockNumberOfVotingRights" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PreferredStockNumberOfVotingRights" xlink:to="gsl_PreferredStockNumberOfVotingRights_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_PreferredStockNumberOfVotingRights_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Shares Number Of Voting Rights</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConvertiblePreferredStockTermsOfConversion" xlink:label="us-gaap_ConvertiblePreferredStockTermsOfConversion" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConvertiblePreferredStockTermsOfConversion" xlink:to="us-gaap_ConvertiblePreferredStockTermsOfConversion_lbl" xlink:type="arc"/>
      <link: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 Shares, Terms of Conversion</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ConvertiblePreferredStockSharesToBeIssuedUponConversion" xlink:label="gsl_ConvertiblePreferredStockSharesToBeIssuedUponConversion" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ConvertiblePreferredStockSharesToBeIssuedUponConversion" xlink:to="gsl_ConvertiblePreferredStockSharesToBeIssuedUponConversion_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ConvertiblePreferredStockSharesToBeIssuedUponConversion_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Preferred Shares, Shares to be Issued upon Conversion</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SharesIssuedPricePerShare" xlink:label="us-gaap_SharesIssuedPricePerShare" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesIssuedPricePerShare" xlink:to="us-gaap_SharesIssuedPricePerShare_lbl" xlink:type="arc"/>
      <link: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</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromIssuanceOrSaleOfEquity" xlink:label="us-gaap_ProceedsFromIssuanceOrSaleOfEquity" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOrSaleOfEquity" xlink:to="us-gaap_ProceedsFromIssuanceOrSaleOfEquity_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ProceedsFromIssuanceOrSaleOfEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from offering of Class A common shares</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:to="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:type="locator"/>
      <link: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"/>
      <link: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]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Unvested, Number of Units, opening balance</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Granted, Number of Units</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Vested, Number of Units</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Unvested, Number of Units, closing balance</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Unvested, Weighted Average Fair Value on Grant Date, opening balance</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Granted, Weighted Average Fair Value on Grant Date</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vested, Actual Fair Value on Vesting Date</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_RestrictedStockUnitsShareBasedCompensationAwardsShareValueOnVestingDate" xlink:label="gsl_RestrictedStockUnitsShareBasedCompensationAwardsShareValueOnVestingDate" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_RestrictedStockUnitsShareBasedCompensationAwardsShareValueOnVestingDate" xlink:to="gsl_RestrictedStockUnitsShareBasedCompensationAwardsShareValueOnVestingDate_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_RestrictedStockUnitsShareBasedCompensationAwardsShareValueOnVestingDate_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Vested, Actual Fair Value on Vesting Date</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Unvested, Weighted Average Fair Value on Grant Date, closing balance</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Term of Equity Incentive Plan</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum number of shares approved under Equity Incentive Plan</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesPerEmployee" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesPerEmployee" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesPerEmployee" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesPerEmployee_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesPerEmployee_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum number of shares which may be granted to any participant in any fiscal year</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfMembers" xlink:label="gsl_NumberOfMembers" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfMembers" xlink:to="gsl_NumberOfMembers_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfMembers_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of members granted with restricted stock units</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted stock share based compensation vesting period</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEarliestVestingDate" xlink:label="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEarliestVestingDate" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEarliestVestingDate" xlink:to="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEarliestVestingDate_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEarliestVestingDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vesting date</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfTranches" xlink:label="gsl_NumberOfTranches" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfTranches" xlink:to="gsl_NumberOfTranches_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfTranches_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of tranches</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation, Grants in Period</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingStockPrice" xlink:label="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingStockPrice" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingStockPrice" xlink:to="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingStockPrice_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingStockPrice_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share price</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfConsecutiveTradingDays" xlink:label="gsl_NumberOfConsecutiveTradingDays" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfConsecutiveTradingDays" xlink:to="gsl_NumberOfConsecutiveTradingDays_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfConsecutiveTradingDays_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of consecutive trading days</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedPercentageOfDirectorsFee" xlink:label="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedPercentageOfDirectorsFee" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedPercentageOfDirectorsFee" xlink:to="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedPercentageOfDirectorsFee_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedPercentageOfDirectorsFee_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shares issued as percentage of directors base fee</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriodNotionalValuePerShare" xlink:label="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriodNotionalValuePerShare" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriodNotionalValuePerShare" xlink:to="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriodNotionalValuePerShare_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriodNotionalValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shares issued notional value per share</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense" xlink:label="us-gaap_AllocatedShareBasedCompensationExpense" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_AllocatedShareBasedCompensationExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Recognized share based compensation expenses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:to="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Stock Issued During Period, Shares, Share-based Compensation</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation" xlink:label="us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation" xlink:to="us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Granted, Value, Share-based Compensation</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsMaximumNumberOfGrantsInPeriod" xlink:label="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsMaximumNumberOfGrantsInPeriod" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsMaximumNumberOfGrantsInPeriod" xlink:to="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsMaximumNumberOfGrantsInPeriod_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsMaximumNumberOfGrantsInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum Number of shares granted in any one calendar year</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsMaximumValueOfGrantsInPeriod" xlink:label="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsMaximumValueOfGrantsInPeriod" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsMaximumValueOfGrantsInPeriod" xlink:to="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsMaximumValueOfGrantsInPeriod_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsMaximumValueOfGrantsInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum Value of shares granted in any one calendar year</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareReconciliationAbstract" xlink:label="us-gaap_EarningsPerShareReconciliationAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareReconciliationAbstract" xlink:to="us-gaap_EarningsPerShareReconciliationAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_EarningsPerShareReconciliationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Numerator:</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:to="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net income/(loss) attributable to common shareholders</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic" xlink:label="us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic" xlink:to="us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Undistributed (income)/loss attributable to Series C participating preferred shares</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:label="gsl_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:to="gsl_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net income/(loss) available to common shareholders, basic and diluted</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract" xlink:to="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net income/(loss) available to:</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:to="gsl_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted_2_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net income/(loss) available to common shareholders, basic and diluted</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Denominator:</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_WeightedAverageNumberOfSharesOutstandingBasicExcludingRestrictedStockUnitsWithoutServiceConditions" xlink:label="gsl_WeightedAverageNumberOfSharesOutstandingBasicExcludingRestrictedStockUnitsWithoutServiceConditions" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_WeightedAverageNumberOfSharesOutstandingBasicExcludingRestrictedStockUnitsWithoutServiceConditions" xlink:to="gsl_WeightedAverageNumberOfSharesOutstandingBasicExcludingRestrictedStockUnitsWithoutServiceConditions_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_WeightedAverageNumberOfSharesOutstandingBasicExcludingRestrictedStockUnitsWithoutServiceConditions_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basic weighted average number of shares outstanding</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_WeightedAverageNumberOfRestrictedStockUnitsWithoutServiceConditions" xlink:label="gsl_WeightedAverageNumberOfRestrictedStockUnitsWithoutServiceConditions" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_WeightedAverageNumberOfRestrictedStockUnitsWithoutServiceConditions" xlink:to="gsl_WeightedAverageNumberOfRestrictedStockUnitsWithoutServiceConditions_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_WeightedAverageNumberOfRestrictedStockUnitsWithoutServiceConditions_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average number of RSUs without service conditions</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:label="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:type="locator"/>
      <link: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"/>
      <link:label xlink:label="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dilutive effect of share-based awards</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_2_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Basic</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_WeightedAverageNumberOfRestrictedStockUnitsWithServiceConditions" xlink:label="gsl_WeightedAverageNumberOfRestrictedStockUnitsWithServiceConditions" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_WeightedAverageNumberOfRestrictedStockUnitsWithServiceConditions" xlink:to="gsl_WeightedAverageNumberOfRestrictedStockUnitsWithServiceConditions_lbl" xlink:type="arc"/>
      <link:label xlink:label="gsl_WeightedAverageNumberOfRestrictedStockUnitsWithServiceConditions_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Plus weighted average number of RSUs with service conditions</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:to="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_2_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Diluted</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:to="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_2_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Weighted average number of shares, basic and diluted</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract" xlink:label="us-gaap_EarningsPerShareBasicAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasicAbstract" xlink:to="us-gaap_EarningsPerShareBasicAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_EarningsPerShareBasicAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basic earnings/(losses) per share:</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasic" xlink:to="us-gaap_EarningsPerShareBasic_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_EarningsPerShareBasic_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basic earnings/(losses) per share</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="us-gaap_EarningsPerShareDilutedAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareDilutedAbstract" xlink:to="us-gaap_EarningsPerShareDilutedAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_EarningsPerShareDilutedAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Diluted earnings/ (losses) per share:</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareDiluted" xlink:to="us-gaap_EarningsPerShareDiluted_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_EarningsPerShareDiluted_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Diluted earnings/(losses) per share</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_3_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unvested restricted stock units</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTable" xlink:label="us-gaap_SubsequentEventTable" xlink:type="locator"/>
      <link: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"/>
      <link: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]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventLineItems" xlink:label="us-gaap_SubsequentEventLineItems" xlink:type="locator"/>
      <link: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"/>
      <link: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]</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockConversionFeatures" xlink:label="us-gaap_CommonStockConversionFeatures" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockConversionFeatures" xlink:to="us-gaap_CommonStockConversionFeatures_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_CommonStockConversionFeatures_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Shares Conversion Features</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DividendsPayableAmountPerShare" xlink:label="us-gaap_DividendsPayableAmountPerShare" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPayableAmountPerShare" xlink:to="us-gaap_DividendsPayableAmountPerShare_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DividendsPayableAmountPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends Payable, Amount Per Share</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear" xlink:to="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Dividends Payable, Date Declared</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityCollateral" xlink:label="us-gaap_LineOfCreditFacilityCollateral" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityCollateral" xlink:to="us-gaap_LineOfCreditFacilityCollateral_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_LineOfCreditFacilityCollateral_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Collateral</link:label>
      <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentRepurchaseAmount" xlink:label="us-gaap_DebtInstrumentRepurchaseAmount" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentRepurchaseAmount" xlink:to="us-gaap_DebtInstrumentRepurchaseAmount_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_DebtInstrumentRepurchaseAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Repurchase Amount</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:to="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from offering of preferred shares, net of offering costs</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfUnsecuredDebt" xlink:to="us-gaap_ProceedsFromIssuanceOfUnsecuredDebt_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="us-gaap_ProceedsFromIssuanceOfUnsecuredDebt_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from Issuance of Unsecured Debt</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AccountsPayableToCharterers" xlink:to="gsl_AccountsPayableToCharterers_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AccountsPayableToCharterers_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Carrying value as of the balance sheet date of obligations incurred and payable to&amp;#160;charterers.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AccountsPayableToSuppliersAndRepairersCurrent" xlink:to="gsl_AccountsPayableToSuppliersAndRepairersCurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AccountsPayableToSuppliersAndRepairersCurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Carrying value as of the balance sheet date of obligations incurred (and for which invoices have typically been received) and payable to vendors and repairers.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AccruedExpenses" xlink:to="gsl_AccruedExpenses_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AccruedExpenses_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Carrying value as of the balance sheet date of obligations incurred through that date and payable for expenses.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AccruedInterest" xlink:label="gsl_AccruedInterest" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AccruedInterest" xlink:to="gsl_AccruedInterest_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AccruedInterest_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Carrying value as of the balance sheet date of obligations incurred through that date and payable for loan interest.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment" xlink:to="gsl_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AccumulatedDepreciationDepletionAndAmortizationImpairmentLossOfPropertyPlantAndEquipment_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of decrease in accumulated depreciation, depletion and amortization as a result of impairment of property, plant and equipment.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AdditionalDeferredFinancingCosts" xlink:to="gsl_AdditionalDeferredFinancingCosts_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AdditionalDeferredFinancingCosts_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Additional deferred financing costs.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AmortizationOfAboveMarketLeases" xlink:to="gsl_AmortizationOfAboveMarketLeases_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AmortizationOfAboveMarketLeases_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of non-cash amortization of intangible asset for above market leases.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AmortizationOfBelowMarketLeases" xlink:to="gsl_AmortizationOfBelowMarketLeases_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AmortizationOfBelowMarketLeases_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of non-cash amortization of intangible liability for below market leases.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AmortizationOfDeferredFinancingChargesInPeriodIncludedWithinInterestExpense" xlink:label="gsl_AmortizationOfDeferredFinancingChargesInPeriodIncludedWithinInterestExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AmortizationOfDeferredFinancingChargesInPeriodIncludedWithinInterestExpense" xlink:to="gsl_AmortizationOfDeferredFinancingChargesInPeriodIncludedWithinInterestExpense_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AmortizationOfDeferredFinancingChargesInPeriodIncludedWithinInterestExpense_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amortization of deferred financing charges in the period included within interest expense.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AmortizationOfIntangibleAssetsCharterAgreements" xlink:label="gsl_AmortizationOfIntangibleAssetsCharterAgreements" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AmortizationOfIntangibleAssetsCharterAgreements" xlink:to="gsl_AmortizationOfIntangibleAssetsCharterAgreements_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AmortizationOfIntangibleAssetsCharterAgreements_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amortization of Intangible Assets Charter Agreements.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AmortizationOfIntangibleLiabilities" xlink:label="gsl_AmortizationOfIntangibleLiabilities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AmortizationOfIntangibleLiabilities" xlink:to="gsl_AmortizationOfIntangibleLiabilities_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AmortizationOfIntangibleLiabilities_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of intangible lease liability amortized as an increase in time charter revenue during the reporting period.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AmountAcceptedOnProRataBasisOnCompletionOfCashFlowAndCollateralTenderOffer" xlink:label="gsl_AmountAcceptedOnProRataBasisOnCompletionOfCashFlowAndCollateralTenderOffer" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AmountAcceptedOnProRataBasisOnCompletionOfCashFlowAndCollateralTenderOffer" xlink:to="gsl_AmountAcceptedOnProRataBasisOnCompletionOfCashFlowAndCollateralTenderOffer_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AmountAcceptedOnProRataBasisOnCompletionOfCashFlowAndCollateralTenderOffer_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount Accepted On Pro Rata Basis On Completion Of Cash Flow And Collateral Tender Offer.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AnnualAmountOfNotesToBeRepurchased" xlink:label="gsl_AnnualAmountOfNotesToBeRepurchased" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AnnualAmountOfNotesToBeRepurchased" xlink:to="gsl_AnnualAmountOfNotesToBeRepurchased_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AnnualAmountOfNotesToBeRepurchased_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Annual amount of notes to be repurchased.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AnnualAmountOfferedToRepurchaseNotes" xlink:label="gsl_AnnualAmountOfferedToRepurchaseNotes" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AnnualAmountOfferedToRepurchaseNotes" xlink:to="gsl_AnnualAmountOfferedToRepurchaseNotes_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AnnualAmountOfferedToRepurchaseNotes_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Annual amount offered to repurchase notes.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AnnualShipManagementFeesPerVessel" xlink:to="gsl_AnnualShipManagementFeesPerVessel_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AnnualShipManagementFeesPerVessel_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Annual ship management fees per vessel.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ApproximateRemainingCharterTerm" xlink:to="gsl_ApproximateRemainingCharterTerm_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ApproximateRemainingCharterTerm_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Approximate remaining charter term.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AssetAcquisitionCapitalizedTransactionCosts" xlink:to="gsl_AssetAcquisitionCapitalizedTransactionCosts_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AssetAcquisitionCapitalizedTransactionCosts_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of capitalized costs of the asset acquisition including legal, accounting, and other costs incurred to consummate the asset acquisition.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AssetAcquisitionCostCapitalizedTransactionCosts" xlink:label="gsl_AssetAcquisitionCostCapitalizedTransactionCosts" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AssetAcquisitionCostCapitalizedTransactionCosts" xlink:to="gsl_AssetAcquisitionCostCapitalizedTransactionCosts_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AssetAcquisitionCostCapitalizedTransactionCosts_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of capitalized costs of the asset acquisition including legal, accounting, and other costs incurred to consummate the asset acquisition.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AssetAcquisitionNegativeGoodwillRecognizedDuringPeriod" xlink:to="gsl_AssetAcquisitionNegativeGoodwillRecognizedDuringPeriod_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AssetAcquisitionNegativeGoodwillRecognizedDuringPeriod_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of negative goodwill arising from an asset acquisition, that will be allocated pro rata to the fixed assets acquired.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AtMergerMember" xlink:to="gsl_AtMergerMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AtMergerMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">At Merger [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AvailableToAllocateProRataBetweenClassAAndClassBBasic" xlink:label="gsl_AvailableToAllocateProRataBetweenClassAAndClassBBasic" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AvailableToAllocateProRataBetweenClassAAndClassBBasic" xlink:to="gsl_AvailableToAllocateProRataBetweenClassAAndClassBBasic_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AvailableToAllocateProRataBetweenClassAAndClassBBasic_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Available to allocate pro-rata between class A and class B basic.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_AvailableToAllocateProRataBetweenClassAAndClassBDiluted" xlink:label="gsl_AvailableToAllocateProRataBetweenClassAAndClassBDiluted" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AvailableToAllocateProRataBetweenClassAAndClassBDiluted" xlink:to="gsl_AvailableToAllocateProRataBetweenClassAAndClassBDiluted_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_AvailableToAllocateProRataBetweenClassAAndClassBDiluted_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Available to allocate pro-rata between class A and class B diluted.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_BlockedBankDeposits" xlink:label="gsl_BlockedBankDeposits" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_BlockedBankDeposits" xlink:to="gsl_BlockedBankDeposits_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_BlockedBankDeposits_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of blocked bank deposits with banks or financial institutions.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_BunkerInventoryCurrent" xlink:to="gsl_BunkerInventoryCurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_BunkerInventoryCurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Carrying amount as of the balance sheet date of bunker's inventory.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_BusinessAcquisitionCostCapitalizedTransactionCosts" xlink:label="gsl_BusinessAcquisitionCostCapitalizedTransactionCosts" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_BusinessAcquisitionCostCapitalizedTransactionCosts" xlink:to="gsl_BusinessAcquisitionCostCapitalizedTransactionCosts_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_BusinessAcquisitionCostCapitalizedTransactionCosts_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of capitalized costs of asset acquisition including legal, accounting, and other costs incurred to consummate the asset acquisition.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLongTermDebt" xlink:label="gsl_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLongTermDebt" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLongTermDebt" xlink:to="gsl_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLongTermDebt_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLongTermDebt_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of long-term debt, assumed at the acquisition date.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedWorkingCapital" xlink:label="gsl_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedWorkingCapital" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedWorkingCapital" xlink:to="gsl_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedWorkingCapital_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedWorkingCapital_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of working capital (excluding cash and cash equivalents), assumed at the acquisition date.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CMACGMAmericaMember" xlink:label="gsl_CMACGMAmericaMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CMACGMAmericaMember" xlink:to="gsl_CMACGMAmericaMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CMACGMAmericaMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CMA CGM America [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CMACGMBerliozMember" xlink:label="gsl_CMACGMBerliozMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CMACGMBerliozMember" xlink:to="gsl_CMACGMBerliozMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CMACGMBerliozMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CMA CGM Berlioz [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CMACGMJamaicaMember" xlink:label="gsl_CMACGMJamaicaMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CMACGMJamaicaMember" xlink:to="gsl_CMACGMJamaicaMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CMACGMJamaicaMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CMA CGM Jamaica [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CMACGMLaTourMember" xlink:label="gsl_CMACGMLaTourMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CMACGMLaTourMember" xlink:to="gsl_CMACGMLaTourMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CMACGMLaTourMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CMA CGM La Tour [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CMACGMManetMember" xlink:label="gsl_CMACGMManetMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CMACGMManetMember" xlink:to="gsl_CMACGMManetMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CMACGMManetMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CMA CGM Manet [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CMACGMMatisseMember" xlink:label="gsl_CMACGMMatisseMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CMACGMMatisseMember" xlink:to="gsl_CMACGMMatisseMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CMACGMMatisseMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CMA CGM Matisse [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CMACGMMember" xlink:to="gsl_CMACGMMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CMACGMMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CMA CGM [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CMACGMSambharMember" xlink:label="gsl_CMACGMSambharMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CMACGMSambharMember" xlink:to="gsl_CMACGMSambharMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CMACGMSambharMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CMA CGM Sambhar [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CMACGMThalassaMember" xlink:label="gsl_CMACGMThalassaMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CMACGMThalassaMember" xlink:to="gsl_CMACGMThalassaMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CMACGMThalassaMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CMA CGM Thalassa [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CMACGMUtrilloMember" xlink:label="gsl_CMACGMUtrilloMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CMACGMUtrilloMember" xlink:to="gsl_CMACGMUtrilloMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CMACGMUtrilloMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CMA CGM Utrillo [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CapacityOfVesselsInTwentyFootEquivalentUnits" xlink:to="gsl_CapacityOfVesselsInTwentyFootEquivalentUnits_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CapacityOfVesselsInTwentyFootEquivalentUnits_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capacity Of Vessels In Twenty Foot Equivalent Units.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CapitalizedCostsRelatingToDryDocking" xlink:to="gsl_CapitalizedCostsRelatingToDryDocking_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CapitalizedCostsRelatingToDryDocking_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash outflow for capitalized costs relating to drydocking.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CashAcquiredFromAssetAcquisitions" xlink:to="gsl_CashAcquiredFromAssetAcquisitions_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CashAcquiredFromAssetAcquisitions_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash inflow associated with the asset acquisitions during the period.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CashPaidForCapitalizedExpenses" xlink:label="gsl_CashPaidForCapitalizedExpenses" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CashPaidForCapitalizedExpenses" xlink:to="gsl_CashPaidForCapitalizedExpenses_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CashPaidForCapitalizedExpenses_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of expenses added to the cost basis of a fixed asset. The cost is paid and capitalized during the period.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CharterEffectiveDate" xlink:label="gsl_CharterEffectiveDate" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CharterEffectiveDate" xlink:to="gsl_CharterEffectiveDate_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CharterEffectiveDate_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Charter effective date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CharterHireDailyRate" xlink:to="gsl_CharterHireDailyRate_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CharterHireDailyRate_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount charged as daily charter hire.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CharterHireFutureMaximumContractedReceivableCurrent" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CharterHireFutureMaximumContractedReceivableCurrent" xlink:to="gsl_CharterHireFutureMaximumContractedReceivableCurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CharterHireFutureMaximumContractedReceivableCurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Charter hire future maximum contracted receivable current.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CharterHireFutureMaximumContractedReceivableInFiveYears" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInFiveYears" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CharterHireFutureMaximumContractedReceivableInFiveYears" xlink:to="gsl_CharterHireFutureMaximumContractedReceivableInFiveYears_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInFiveYears_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Charter hire future maximum contracted receivable in five years.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CharterHireFutureMaximumContractedReceivableInFourYears" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInFourYears" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CharterHireFutureMaximumContractedReceivableInFourYears" xlink:to="gsl_CharterHireFutureMaximumContractedReceivableInFourYears_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInFourYears_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Charter hire future maximum contracted receivable in four years.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CharterHireFutureMaximumContractedReceivableInThreeYears" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInThreeYears" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CharterHireFutureMaximumContractedReceivableInThreeYears" xlink:to="gsl_CharterHireFutureMaximumContractedReceivableInThreeYears_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInThreeYears_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Charter hire future maximum contracted receivable in three years.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CharterHireFutureMaximumContractedReceivableInTwoYears" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInTwoYears" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CharterHireFutureMaximumContractedReceivableInTwoYears" xlink:to="gsl_CharterHireFutureMaximumContractedReceivableInTwoYears_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInTwoYears_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Charter hire future maximum contracted receivable in two years.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CharterHireFutureMaximumContractedReceivableThereafter" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableThereafter" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CharterHireFutureMaximumContractedReceivableThereafter" xlink:to="gsl_CharterHireFutureMaximumContractedReceivableThereafter_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CharterHireFutureMaximumContractedReceivableThereafter_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Charter hire future maximum contracted receivable thereafter.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CharterOptionPeriods" xlink:label="gsl_CharterOptionPeriods" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CharterOptionPeriods" xlink:to="gsl_CharterOptionPeriods_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CharterOptionPeriods_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Charter option periods.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CharterRedeliveryOptionPeriod" xlink:label="gsl_CharterRedeliveryOptionPeriod" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CharterRedeliveryOptionPeriod" xlink:to="gsl_CharterRedeliveryOptionPeriod_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CharterRedeliveryOptionPeriod_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Charter, redelivery option period.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CharterRedeliveryPeriods" xlink:label="gsl_CharterRedeliveryPeriods" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CharterRedeliveryPeriods" xlink:to="gsl_CharterRedeliveryPeriods_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CharterRedeliveryPeriods_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Charter redelivery periods.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CmaCgmAlcazarMember" xlink:label="gsl_CmaCgmAlcazarMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CmaCgmAlcazarMember" xlink:to="gsl_CmaCgmAlcazarMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CmaCgmAlcazarMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CMA CGM Alcazar [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CmaCgmChateauDlfMember" xlink:label="gsl_CmaCgmChateauDlfMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CmaCgmChateauDlfMember" xlink:to="gsl_CmaCgmChateauDlfMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CmaCgmChateauDlfMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CMA CGM Chateau Dlf [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CollateralVessel" xlink:label="gsl_CollateralVessel" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CollateralVessel" xlink:to="gsl_CollateralVessel_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CollateralVessel_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Major information about the vessels/ fleet pledged as collateral under credit facilities.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ComponentOfOtherOperatingIncomeLineItems" xlink:label="gsl_ComponentOfOtherOperatingIncomeLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ComponentOfOtherOperatingIncomeLineItems" xlink:to="gsl_ComponentOfOtherOperatingIncomeLineItems_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ComponentOfOtherOperatingIncomeLineItems_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Component Of Other Operating Income [Line Items]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ComponentOfOtherOperatingIncomeTable" xlink:label="gsl_ComponentOfOtherOperatingIncomeTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ComponentOfOtherOperatingIncomeTable" xlink:to="gsl_ComponentOfOtherOperatingIncomeTable_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ComponentOfOtherOperatingIncomeTable_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Component Of Other Operating Income [Table]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ContractedPurchasePrice" xlink:label="gsl_ContractedPurchasePrice" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ContractedPurchasePrice" xlink:to="gsl_ContractedPurchasePrice_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ContractedPurchasePrice_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Contracted purchase price.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ConvertiblePreferredStockSharesToBeIssuedUponConversion" xlink:to="gsl_ConvertiblePreferredStockSharesToBeIssuedUponConversion_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ConvertiblePreferredStockSharesToBeIssuedUponConversion_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of shares that will be issued upon conversion of convertible preferred stock.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_CorporateIncomeTaxRate" xlink:label="gsl_CorporateIncomeTaxRate" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CorporateIncomeTaxRate" xlink:to="gsl_CorporateIncomeTaxRate_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_CorporateIncomeTaxRate_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Corporate Income Tax Rate.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DailyCharterRate" xlink:to="gsl_DailyCharterRate_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DailyCharterRate_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Daily Charter Rate.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DebtInstrumentExpirationPeriod" xlink:label="gsl_DebtInstrumentExpirationPeriod" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DebtInstrumentExpirationPeriod" xlink:to="gsl_DebtInstrumentExpirationPeriod_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DebtInstrumentExpirationPeriod_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The original length of the line of credit facility before it terminates, in 'PnYnMnDTnHnMnS' format.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DebtInstrumentMaturitiesMonthYear" xlink:label="gsl_DebtInstrumentMaturitiesMonthYear" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DebtInstrumentMaturitiesMonthYear" xlink:to="gsl_DebtInstrumentMaturitiesMonthYear_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DebtInstrumentMaturitiesMonthYear_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt instrument maturities month year.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DebtInstrumentMaturityYear" xlink:label="gsl_DebtInstrumentMaturityYear" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DebtInstrumentMaturityYear" xlink:to="gsl_DebtInstrumentMaturityYear_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DebtInstrumentMaturityYear_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument Maturity Year.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DebtInstrumentMinimumCashBalance" xlink:to="gsl_DebtInstrumentMinimumCashBalance_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DebtInstrumentMinimumCashBalance_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt instrument minimum cash balance required on each quarterly test date.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DebtInstrumentOriginalIssueDiscount" xlink:label="gsl_DebtInstrumentOriginalIssueDiscount" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DebtInstrumentOriginalIssueDiscount" xlink:to="gsl_DebtInstrumentOriginalIssueDiscount_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DebtInstrumentOriginalIssueDiscount_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of debt discount recognized on date of issue.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DebtInstrumentRedemptionAmount" xlink:to="gsl_DebtInstrumentRedemptionAmount_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DebtInstrumentRedemptionAmount_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Original principal amount of debt at which debt can be redeemed by the issuer.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DebtInstrumentRedemptionPeriodFirstAndSecondAnniversaryMember" xlink:label="gsl_DebtInstrumentRedemptionPeriodFirstAndSecondAnniversaryMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DebtInstrumentRedemptionPeriodFirstAndSecondAnniversaryMember" xlink:to="gsl_DebtInstrumentRedemptionPeriodFirstAndSecondAnniversaryMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DebtInstrumentRedemptionPeriodFirstAndSecondAnniversaryMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt instrument redemption period first and second anniversary.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DebtInstrumentRepurchasePricePercentage" xlink:to="gsl_DebtInstrumentRepurchasePricePercentage_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DebtInstrumentRepurchasePricePercentage_doc" 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 debt can be repurchased.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DebtInstrumentTerminationDate" xlink:label="gsl_DebtInstrumentTerminationDate" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DebtInstrumentTerminationDate" xlink:to="gsl_DebtInstrumentTerminationDate_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DebtInstrumentTerminationDate_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt instrument termination date.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DebtNetOfDeferredFinancingChargesAndOriginalIssueDiscount" xlink:label="gsl_DebtNetOfDeferredFinancingChargesAndOriginalIssueDiscount" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DebtNetOfDeferredFinancingChargesAndOriginalIssueDiscount" xlink:to="gsl_DebtNetOfDeferredFinancingChargesAndOriginalIssueDiscount_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DebtNetOfDeferredFinancingChargesAndOriginalIssueDiscount_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Carrying amount of long-term debt, net of unamortized discount or premium and deferred financing charges, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DebtServiceCoverageRatio" xlink:to="gsl_DebtServiceCoverageRatio_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DebtServiceCoverageRatio_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ratio of cash flow to cash flow debt service.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DeferredChargesTextBlock" xlink:to="gsl_DeferredChargesTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DeferredChargesTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entire disclosure for deferred charges.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DeferredCistsWriteOff" xlink:label="gsl_DeferredCistsWriteOff" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DeferredCistsWriteOff" xlink:to="gsl_DeferredCistsWriteOff_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DeferredCistsWriteOff_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Write-off of amounts previously capitalized as deferred costs.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DeferredCostsAdditions" xlink:to="gsl_DeferredCostsAdditions_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DeferredCostsAdditions_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of capitalized dry-docking costs incurred during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DeferredCostsWriteOff" xlink:to="gsl_DeferredCostsWriteOff_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DeferredCostsWriteOff_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Write-off of amounts previously capitalized as deferred costs.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DelmasKetaMember" xlink:label="gsl_DelmasKetaMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DelmasKetaMember" xlink:to="gsl_DelmasKetaMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DelmasKetaMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Delmas Keta [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DescriptionOfLongTermDebtInstalments" xlink:label="gsl_DescriptionOfLongTermDebtInstalments" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DescriptionOfLongTermDebtInstalments" xlink:to="gsl_DescriptionOfLongTermDebtInstalments_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DescriptionOfLongTermDebtInstalments_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Desciption about the repayment amount, the repayment frequency and the existence of balloon payment.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DividendRequiredForClassBConversion" xlink:to="gsl_DividendRequiredForClassBConversion_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DividendRequiredForClassBConversion_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of Dividend to be paid for four consecutive Quarters, after arrearages have been paid up, for Class B Common Shares convert to Class A common Shares on a one to one basis.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DividendsPolicyTextBlock" xlink:to="gsl_DividendsPolicyTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DividendsPolicyTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of accounting policy for dividends.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DocumentAndEntityInformationAbstract" xlink:label="gsl_DocumentAndEntityInformationAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DocumentAndEntityInformationAbstract" xlink:to="gsl_DocumentAndEntityInformationAbstract_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DocumentAndEntityInformationAbstract_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Document and entity information.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_DrydockingCostPolicyTextBlock" xlink:label="gsl_DrydockingCostPolicyTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DrydockingCostPolicyTextBlock" xlink:to="gsl_DrydockingCostPolicyTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DrydockingCostPolicyTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of accounting policy for drydocking costs.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DurationOfAgreements" xlink:to="gsl_DurationOfAgreements_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_DurationOfAgreements_doc" 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.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_EarliestCharterExpiryDate" xlink:to="gsl_EarliestCharterExpiryDate_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_EarliestCharterExpiryDate_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The earliest date that the charter expires.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ExcessCashFlowAndCollateralSaleOffersToRepurchaseNotes" xlink:label="gsl_ExcessCashFlowAndCollateralSaleOffersToRepurchaseNotes" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ExcessCashFlowAndCollateralSaleOffersToRepurchaseNotes" xlink:to="gsl_ExcessCashFlowAndCollateralSaleOffersToRepurchaseNotes_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ExcessCashFlowAndCollateralSaleOffersToRepurchaseNotes_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Excess cash flow and collateral sale offers to repurchase notes.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ExcessCashFlowOfferedToRepurchaseNotes" xlink:label="gsl_ExcessCashFlowOfferedToRepurchaseNotes" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ExcessCashFlowOfferedToRepurchaseNotes" xlink:to="gsl_ExcessCashFlowOfferedToRepurchaseNotes_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ExcessCashFlowOfferedToRepurchaseNotes_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Excess Cash flow amount offered to repurchase notes to include principle, redemption premium, unpaid and accrued interest.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_FairValueOfFixedAssetsAcquired" xlink:to="gsl_FairValueOfFixedAssetsAcquired_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_FairValueOfFixedAssetsAcquired_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The fair value of fixed assets acquired in a noncash (or part noncash) asset acquisition.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_FiniteLivedIntangibleLiabilitiesLineItems" xlink:label="gsl_FiniteLivedIntangibleLiabilitiesLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_FiniteLivedIntangibleLiabilitiesLineItems" xlink:to="gsl_FiniteLivedIntangibleLiabilitiesLineItems_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_FiniteLivedIntangibleLiabilitiesLineItems_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finite Lived Intangible Liabilities [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_FleetCompanyName" xlink:to="gsl_FleetCompanyName_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_FleetCompanyName_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Name of the company owns the fleet.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_FutureCharterRateAssumptions" xlink:to="gsl_FutureCharterRateAssumptions_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_FutureCharterRateAssumptions_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Charter rates on expiry of existing charters, which are based on forecast charter rates, where relevant, for the four years from the date of the impairment test and a reversion to the historical mean for each vessel thereafter.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GSLTianjinMember" xlink:label="gsl_GSLTianjinMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GSLTianjinMember" xlink:to="gsl_GSLTianjinMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_GSLTianjinMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">GSL Tianjin [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GeneralEndOfCharterRedeliveryPeriod" xlink:label="gsl_GeneralEndOfCharterRedeliveryPeriod" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GeneralEndOfCharterRedeliveryPeriod" xlink:to="gsl_GeneralEndOfCharterRedeliveryPeriod_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_GeneralEndOfCharterRedeliveryPeriod_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">General end of charter redelivery period.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_GeneralTextBlock" xlink:label="gsl_GeneralTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GeneralTextBlock" xlink:to="gsl_GeneralTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_GeneralTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">General [Text Block]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_Installment3FY2014Member" xlink:to="gsl_Installment3FY2014Member_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_Installment3FY2014Member_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Installment 3 FY 2014 [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_Installment4FY2017Member" xlink:label="gsl_Installment4FY2017Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_Installment4FY2017Member" xlink:to="gsl_Installment4FY2017Member_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_Installment4FY2017Member_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Installment 4 F- Y- 2017.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_InsurancePolicyTextBlock" xlink:to="gsl_InsurancePolicyTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_InsurancePolicyTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of accounting policy for recognizing and recording insurance claims recoveries.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_IntangibleAssetsAndLiabilitiesCharterAgreementsPolicyTextBlock" xlink:label="gsl_IntangibleAssetsAndLiabilitiesCharterAgreementsPolicyTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleAssetsAndLiabilitiesCharterAgreementsPolicyTextBlock" xlink:to="gsl_IntangibleAssetsAndLiabilitiesCharterAgreementsPolicyTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_IntangibleAssetsAndLiabilitiesCharterAgreementsPolicyTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure for accounting poilicy for intangible assets and liabilities.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_IntangibleLiabilitiesCharterAgreementsPolicyTextBlock" xlink:label="gsl_IntangibleLiabilitiesCharterAgreementsPolicyTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleLiabilitiesCharterAgreementsPolicyTextBlock" xlink:to="gsl_IntangibleLiabilitiesCharterAgreementsPolicyTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_IntangibleLiabilitiesCharterAgreementsPolicyTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Intangible Liabilities Charter Agreements [Policy Text Block]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_IntangibleLiabilityCharterAgreements" xlink:label="gsl_IntangibleLiabilityCharterAgreements" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleLiabilityCharterAgreements" xlink:to="gsl_IntangibleLiabilityCharterAgreements_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_IntangibleLiabilityCharterAgreements_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Intangible Liability Charter Agreements, Net Of Accumulated Amortization.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleLiabilityCharterAgreementsAbstract" xlink:to="gsl_IntangibleLiabilityCharterAgreementsAbstract_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_IntangibleLiabilityCharterAgreementsAbstract_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Intangible Liability Charter Agreements [Abstract]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_IntangibleLiabilityCharterAgreementsCurrent" xlink:label="gsl_IntangibleLiabilityCharterAgreementsCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleLiabilityCharterAgreementsCurrent" xlink:to="gsl_IntangibleLiabilityCharterAgreementsCurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_IntangibleLiabilityCharterAgreementsCurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current portion of the excess of the market value of vessel charters over contracted value of the charters at the date of merger. The intangible lease liability is amortized as an increase in time charter revenue over the remaining term of the relevant charter.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleLiabilityCharterAgreementsNoncurrent" xlink:to="gsl_IntangibleLiabilityCharterAgreementsNoncurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_IntangibleLiabilityCharterAgreementsNoncurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non current portion of the excess of the market value of vessel charters over contracted value of the charters at the date of merger. The intangible lease liability is amortized as an increase in time charter revenue over the remaining term of the relevant charter.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleLiabilityCharterAgreementsTextBlock" xlink:to="gsl_IntangibleLiabilityCharterAgreementsTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_IntangibleLiabilityCharterAgreementsTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure on Intangible Liabilities relating to Charter Agreements.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleLiabilityDisclosureAbstract" xlink:to="gsl_IntangibleLiabilityDisclosureAbstract_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_IntangibleLiabilityDisclosureAbstract_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Intangible Liability Disclosure [Abstract]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_JulieDelmasAndDelmasKetaMember" xlink:label="gsl_JulieDelmasAndDelmasKetaMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_JulieDelmasAndDelmasKetaMember" xlink:to="gsl_JulieDelmasAndDelmasKetaMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_JulieDelmasAndDelmasKetaMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Julie Delmas and Delmas Keta.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_JulieDelmasMember" xlink:label="gsl_JulieDelmasMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_JulieDelmasMember" xlink:to="gsl_JulieDelmasMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_JulieDelmasMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Julie Delmas [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_KumasiAndMarieDelmasMember" xlink:label="gsl_KumasiAndMarieDelmasMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_KumasiAndMarieDelmasMember" xlink:to="gsl_KumasiAndMarieDelmasMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_KumasiAndMarieDelmasMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Kumasi and Marie Delmas.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_KumasiMember" xlink:label="gsl_KumasiMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_KumasiMember" xlink:to="gsl_KumasiMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_KumasiMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Kumasi [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LineOfCreditFacilityNumberOfRepaymentInstalment" xlink:to="gsl_LineOfCreditFacilityNumberOfRepaymentInstalment_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_LineOfCreditFacilityNumberOfRepaymentInstalment_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of repayment instalments of a credit facility agreement.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_LongTermDebtCurrentRepayment" xlink:label="gsl_LongTermDebtCurrentRepayment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LongTermDebtCurrentRepayment" xlink:to="gsl_LongTermDebtCurrentRepayment_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_LongTermDebtCurrentRepayment_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of long-term debt, estimated or scheduled to be repaid within one year of the balance sheet date. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_LongTermDebtMaturitiesRepaymentsOfPrincipaIThereafter" xlink:label="gsl_LongTermDebtMaturitiesRepaymentsOfPrincipaIThereafter" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LongTermDebtMaturitiesRepaymentsOfPrincipaIThereafter" xlink:to="gsl_LongTermDebtMaturitiesRepaymentsOfPrincipaIThereafter_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_LongTermDebtMaturitiesRepaymentsOfPrincipaIThereafter_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing after the third fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_LongTermDebtNoncurrentNetOfDiscountDeferredFinancingChargesOrPremium" xlink:label="gsl_LongTermDebtNoncurrentNetOfDiscountDeferredFinancingChargesOrPremium" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LongTermDebtNoncurrentNetOfDiscountDeferredFinancingChargesOrPremium" xlink:to="gsl_LongTermDebtNoncurrentNetOfDiscountDeferredFinancingChargesOrPremium_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_LongTermDebtNoncurrentNetOfDiscountDeferredFinancingChargesOrPremium_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Carrying amount of long-term debt, net of items such as unamortized discount, premium or deferred financing charges, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities).</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_LongTermIncentivePlanTerm" xlink:label="gsl_LongTermIncentivePlanTerm" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LongTermIncentivePlanTerm" xlink:to="gsl_LongTermIncentivePlanTerm_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_LongTermIncentivePlanTerm_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Term of the incentive plan.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LongtermDebtPrincipalAmountBearingInterest" xlink:to="gsl_LongtermDebtPrincipalAmountBearingInterest_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_LongtermDebtPrincipalAmountBearingInterest_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The portion of the carrying amount of long-term borrowings outstanding as of the balance sheet date, including current maturities, which accrues interest.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LubricantsInventoryCurrent" xlink:to="gsl_LubricantsInventoryCurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_LubricantsInventoryCurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Carrying amount as of the balance sheet date of lubricants' inventory.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_MarieDelmasMember" xlink:label="gsl_MarieDelmasMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_MarieDelmasMember" xlink:to="gsl_MarieDelmasMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_MarieDelmasMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Marie Delmas [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_MaximumBorrowingCapacityPercentageOfMarketValueOfVessel" xlink:to="gsl_MaximumBorrowingCapacityPercentageOfMarketValueOfVessel_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_MaximumBorrowingCapacityPercentageOfMarketValueOfVessel_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Maximum borrowing capacity under the credit facility, expressed as a percentage of the charter free market value of the vessel to be acquired.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_MaximumContractedCharterHireReceivable" xlink:to="gsl_MaximumContractedCharterHireReceivable_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_MaximumContractedCharterHireReceivable_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Maximum contracted charter hire receivable.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_MaximumNumberOfSharesAvailableForIssuanceUnderPlan" xlink:label="gsl_MaximumNumberOfSharesAvailableForIssuanceUnderPlan" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_MaximumNumberOfSharesAvailableForIssuanceUnderPlan" xlink:to="gsl_MaximumNumberOfSharesAvailableForIssuanceUnderPlan_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_MaximumNumberOfSharesAvailableForIssuanceUnderPlan_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Maximum number of shares available for issuance under plan.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_MergerCashFlowProjectionsDiscountRate" xlink:label="gsl_MergerCashFlowProjectionsDiscountRate" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_MergerCashFlowProjectionsDiscountRate" xlink:to="gsl_MergerCashFlowProjectionsDiscountRate_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_MergerCashFlowProjectionsDiscountRate_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Merger cash flow projections discount rate.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NatureOfOperationsAndBasisOfPreparationLineItems" xlink:label="gsl_NatureOfOperationsAndBasisOfPreparationLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NatureOfOperationsAndBasisOfPreparationLineItems" xlink:to="gsl_NatureOfOperationsAndBasisOfPreparationLineItems_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NatureOfOperationsAndBasisOfPreparationLineItems_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Nature Of Operations And Basis Of Preparation [Line Items]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NatureOfOperationsAndBasisOfPreparationTable" xlink:label="gsl_NatureOfOperationsAndBasisOfPreparationTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NatureOfOperationsAndBasisOfPreparationTable" xlink:to="gsl_NatureOfOperationsAndBasisOfPreparationTable_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NatureOfOperationsAndBasisOfPreparationTable_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Nature Of Operations And Basis Of Preparation [Table]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NatureOfOperationsLineItems" xlink:to="gsl_NatureOfOperationsLineItems_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NatureOfOperationsLineItems_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Nature Of Operations [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NatureOfOperationsTable" xlink:to="gsl_NatureOfOperationsTable_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NatureOfOperationsTable_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Nature Of Operations [Table]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NetIncomeAvailableToClassAShareHoldersForArrears" xlink:label="gsl_NetIncomeAvailableToClassAShareHoldersForArrears" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NetIncomeAvailableToClassAShareHoldersForArrears" xlink:to="gsl_NetIncomeAvailableToClassAShareHoldersForArrears_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NetIncomeAvailableToClassAShareHoldersForArrears_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net income available to class A share holders for arrears.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted" xlink:to="gsl_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net income or loss for the period in instances when basic and diluted earnings are the same amount and reported as a single line item on the face of the financial statements.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NetProceedsFromIssuanceOfPreferredStock" xlink:label="gsl_NetProceedsFromIssuanceOfPreferredStock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NetProceedsFromIssuanceOfPreferredStock" xlink:to="gsl_NetProceedsFromIssuanceOfPreferredStock_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NetProceedsFromIssuanceOfPreferredStock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net proceeds from issuance of preferred stock.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetCashProvidedByFinancingActivities" xlink:to="gsl_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetCashProvidedByFinancingActivities_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetCashProvidedByFinancingActivities_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of the effect of a change in accounting principle on net cash provided by financing activities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetCashProvidedByOperatingActivities" xlink:to="gsl_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetCashProvidedByOperatingActivities_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetCashProvidedByOperatingActivities_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of the effect of a change in accounting principle on net cash provided by operating activities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member" xlink:to="gsl_NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Nine point eight seven five percent first priority secured notes due 2022.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NoncashOrPartNoncashAcquisitionCashAndCashEquivalentsAcquired" xlink:to="gsl_NoncashOrPartNoncashAcquisitionCashAndCashEquivalentsAcquired_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NoncashOrPartNoncashAcquisitionCashAndCashEquivalentsAcquired_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of cash and cash equivalents that an Entity acquires in a noncash (or part noncash) asset acquisition.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NoncashOrPartNoncashAcquisitionWorkingCapitalAcquired" xlink:to="gsl_NoncashOrPartNoncashAcquisitionWorkingCapitalAcquired_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NoncashOrPartNoncashAcquisitionWorkingCapitalAcquired_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of working capital, that an Entity acquires in a noncash (or part noncash) acquisition. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NotesTenderedAndAcceptedPursuantToExcessCashFlowOffer" xlink:label="gsl_NotesTenderedAndAcceptedPursuantToExcessCashFlowOffer" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NotesTenderedAndAcceptedPursuantToExcessCashFlowOffer" xlink:to="gsl_NotesTenderedAndAcceptedPursuantToExcessCashFlowOffer_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NotesTenderedAndAcceptedPursuantToExcessCashFlowOffer_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of Notes tendered and accepted pursuant to excess cash flow offer.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberLoanTranches" xlink:to="gsl_NumberLoanTranches_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberLoanTranches_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of tranches under the credit facility.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfBanksHoldingDeposits" xlink:to="gsl_NumberOfBanksHoldingDeposits_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfBanksHoldingDeposits_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of banks in which all of the company&#x2019;s amounts are deposited, giving rise to a concentration of credit risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfClassesOfCommonStock" xlink:to="gsl_NumberOfClassesOfCommonStock_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfClassesOfCommonStock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of classes of common stock.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfConsecutiveTradingDays" xlink:to="gsl_NumberOfConsecutiveTradingDays_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfConsecutiveTradingDays_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of consecutive trading days.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfIntangibleAssetVesselsToBePurchased" xlink:to="gsl_NumberOfIntangibleAssetVesselsToBePurchased_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfIntangibleAssetVesselsToBePurchased_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of vessels to be purchased in connection with the merger.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfMembers" xlink:to="gsl_NumberOfMembers_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfMembers_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of members.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfSubsidiaries" xlink:to="gsl_NumberOfSubsidiaries_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfSubsidiaries_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Subsidiaries.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfTranches" xlink:to="gsl_NumberOfTranches_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfTranches_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of tranches.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselFinanced" xlink:to="gsl_NumberOfVesselFinanced_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselFinanced_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of vessels financed.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfVesselsChartered" xlink:label="gsl_NumberOfVesselsChartered" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsChartered" xlink:to="gsl_NumberOfVesselsChartered_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsChartered_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of vessels chartered.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsContractedWithFiniteLivedIntangibleAsset" xlink:to="gsl_NumberOfVesselsContractedWithFiniteLivedIntangibleAsset_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsContractedWithFiniteLivedIntangibleAsset_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of vessels contracted with finite lived intangible assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsContractedWithFiniteLivedIntangibleLiability" xlink:to="gsl_NumberOfVesselsContractedWithFiniteLivedIntangibleLiability_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsContractedWithFiniteLivedIntangibleLiability_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of vessels contracted with finite lived intangible liability.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsImpairmentChargeRecognized" xlink:to="gsl_NumberOfVesselsImpairmentChargeRecognized_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsImpairmentChargeRecognized_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of vessels on which impairment charge was recognized.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsOwned" xlink:to="gsl_NumberOfVesselsOwned_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsOwned_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of vessels owned.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfVesselsOwnedWithFiniteLivedIntangibleLiability" xlink:label="gsl_NumberOfVesselsOwnedWithFiniteLivedIntangibleLiability" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsOwnedWithFiniteLivedIntangibleLiability" xlink:to="gsl_NumberOfVesselsOwnedWithFiniteLivedIntangibleLiability_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsOwnedWithFiniteLivedIntangibleLiability_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of vessels owned with finite lived intangible liability.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsPledgedAsCollateralUnderCreditFacilities" xlink:to="gsl_NumberOfVesselsPledgedAsCollateralUnderCreditFacilities_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsPledgedAsCollateralUnderCreditFacilities_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of vessels pledged as collateral under credit facilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsPurchased" xlink:to="gsl_NumberOfVesselsPurchased_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsPurchased_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of vessels purchased by the company.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsSecuredToNotes" xlink:to="gsl_NumberOfVesselsSecuredToNotes_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsSecuredToNotes_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of vessels secured to notes.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_NumberOfVesselsSold" xlink:label="gsl_NumberOfVesselsSold" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsSold" xlink:to="gsl_NumberOfVesselsSold_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsSold_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of vessels sold.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsTestedForImpairment" xlink:to="gsl_NumberOfVesselsTestedForImpairment_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsTestedForImpairment_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of vessels tested for impairment.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsToBeSold" xlink:to="gsl_NumberOfVesselsToBeSold_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsToBeSold_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of vessels that the company agreed to sell in the near future.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsUnderTechnicalManagement" xlink:to="gsl_NumberOfVesselsUnderTechnicalManagement_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsUnderTechnicalManagement_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of vessels under technical management.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_OOCLMember" xlink:to="gsl_OOCLMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_OOCLMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">OOCL [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_OOCLNingboMember" xlink:label="gsl_OOCLNingboMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_OOCLNingboMember" xlink:to="gsl_OOCLNingboMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_OOCLNingboMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">OOCL Ningbo [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_OOCLQingdaoMember" xlink:label="gsl_OOCLQingdaoMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_OOCLQingdaoMember" xlink:to="gsl_OOCLQingdaoMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_OOCLQingdaoMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">OOCL Qingdao [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_OperatingRevenuePercentageRevenue" xlink:label="gsl_OperatingRevenuePercentageRevenue" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_OperatingRevenuePercentageRevenue" xlink:to="gsl_OperatingRevenuePercentageRevenue_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_OperatingRevenuePercentageRevenue_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the percentage of operating revenue earned during the period from significant customers.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_OptionPeriodsDailyCharterRate" xlink:label="gsl_OptionPeriodsDailyCharterRate" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_OptionPeriodsDailyCharterRate" xlink:to="gsl_OptionPeriodsDailyCharterRate_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_OptionPeriodsDailyCharterRate_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Option periods daily charter rate.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_OtherComprehensiveIncomeLossPolicyTextBlock" xlink:label="gsl_OtherComprehensiveIncomeLossPolicyTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_OtherComprehensiveIncomeLossPolicyTextBlock" xlink:to="gsl_OtherComprehensiveIncomeLossPolicyTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_OtherComprehensiveIncomeLossPolicyTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of accounting policy for other comprehensive income.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_PaymentsToAcquireBusinessNotYetPaid" xlink:label="gsl_PaymentsToAcquireBusinessNotYetPaid" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PaymentsToAcquireBusinessNotYetPaid" xlink:to="gsl_PaymentsToAcquireBusinessNotYetPaid_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_PaymentsToAcquireBusinessNotYetPaid_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash outflow associated with unpaid payments to acquire businesses including deposit on pending acquisitions and preacquisition costs.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PeriodBetweenScheduledDrydockings" xlink:to="gsl_PeriodBetweenScheduledDrydockings_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_PeriodBetweenScheduledDrydockings_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Period between scheduled drydockings.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_PeriodForExcessCashFlowOffer" xlink:label="gsl_PeriodForExcessCashFlowOffer" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PeriodForExcessCashFlowOffer" xlink:to="gsl_PeriodForExcessCashFlowOffer_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_PeriodForExcessCashFlowOffer_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of days after Financial Year End during which Excess Cash Flow Offer has to be made.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PeriodFromImpairmentTestDateInWhichAfterCurrentCharterExpiresForecastRatesAdopted" xlink:to="gsl_PeriodFromImpairmentTestDateInWhichAfterCurrentCharterExpiresForecastRatesAdopted_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_PeriodFromImpairmentTestDateInWhichAfterCurrentCharterExpiresForecastRatesAdopted_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The period from the impairment test date in which, after the current charter expires, forecast rates are adopted and a reversion to the historical mean thereafter.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PreferredSharesPolicyTextBlock" xlink:to="gsl_PreferredSharesPolicyTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_PreferredSharesPolicyTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of accounting policy for preferred shares.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PreferredStockDepositorySharesIssued" xlink:to="gsl_PreferredStockDepositorySharesIssued_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_PreferredStockDepositorySharesIssued_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Preferred Stock Depository Shares Issued.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PreferredStockIssueDescription" xlink:to="gsl_PreferredStockIssueDescription_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_PreferredStockIssueDescription_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Preferred stock issue description.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PreferredStockIssuedDuringPeriodSharesNewIssues" xlink:to="gsl_PreferredStockIssuedDuringPeriodSharesNewIssues_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_PreferredStockIssuedDuringPeriodSharesNewIssues_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of new preferred stock issued during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PreferredStockIssuedDuringPeriodValueNewIssues" xlink:to="gsl_PreferredStockIssuedDuringPeriodValueNewIssues_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_PreferredStockIssuedDuringPeriodValueNewIssues_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Equity impact of the value of new preferred stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PreferredStockNumberOfVotingRights" xlink:to="gsl_PreferredStockNumberOfVotingRights_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_PreferredStockNumberOfVotingRights_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Description of voting rights of nonredeemable preferred stock. Includes eligibility to vote and votes per share owned. Include also, if any, unusual voting rights.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PreferredStockRedemptionPricePerDepositoryShare" xlink:to="gsl_PreferredStockRedemptionPricePerDepositoryShare_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_PreferredStockRedemptionPricePerDepositoryShare_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Preferred Stock Redemption Price Per Depository Share.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_PrepaidExpenditures" xlink:label="gsl_PrepaidExpenditures" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PrepaidExpenditures" xlink:to="gsl_PrepaidExpenditures_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_PrepaidExpenditures_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of consideration paid in advance for property plant and equipment expenditures that provide exonomic benefits within a future period of one year or the normal operating cycle, if longer.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PrepaidVesselExpenditures" xlink:to="gsl_PrepaidVesselExpenditures_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_PrepaidVesselExpenditures_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of consideration paid in advance for vessel expenditures that provide economic benefits within a future period of one year or the normal operating cycle, if longer.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_PricePercentageForAnnualOfferToPurchaseNotesThroughMaturity" xlink:label="gsl_PricePercentageForAnnualOfferToPurchaseNotesThroughMaturity" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PricePercentageForAnnualOfferToPurchaseNotesThroughMaturity" xlink:to="gsl_PricePercentageForAnnualOfferToPurchaseNotesThroughMaturity_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_PricePercentageForAnnualOfferToPurchaseNotesThroughMaturity_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Price percentage for annual offer to purchase notes through maturity.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_PricePercentageForExcessCashFlowAndCollateralSaleOffersToRepurchaseNotes" xlink:label="gsl_PricePercentageForExcessCashFlowAndCollateralSaleOffersToRepurchaseNotes" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PricePercentageForExcessCashFlowAndCollateralSaleOffersToRepurchaseNotes" xlink:to="gsl_PricePercentageForExcessCashFlowAndCollateralSaleOffersToRepurchaseNotes_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_PricePercentageForExcessCashFlowAndCollateralSaleOffersToRepurchaseNotes_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Price percentage for excess cash flow and collateral sale offers to repurchase notes.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_PricePercentageForExcessCashFlowOfferToRepurchaseNotes" xlink:label="gsl_PricePercentageForExcessCashFlowOfferToRepurchaseNotes" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PricePercentageForExcessCashFlowOfferToRepurchaseNotes" xlink:to="gsl_PricePercentageForExcessCashFlowOfferToRepurchaseNotes_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_PricePercentageForExcessCashFlowOfferToRepurchaseNotes_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Price in percent at which Excess Cash Flow Offer is made to Repurchase Notes.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ProceedsFromDebtNetOfOriginalDiscountAndBeforeCostsRelatedToIssuance" xlink:label="gsl_ProceedsFromDebtNetOfOriginalDiscountAndBeforeCostsRelatedToIssuance" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ProceedsFromDebtNetOfOriginalDiscountAndBeforeCostsRelatedToIssuance" xlink:to="gsl_ProceedsFromDebtNetOfOriginalDiscountAndBeforeCostsRelatedToIssuance_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ProceedsFromDebtNetOfOriginalDiscountAndBeforeCostsRelatedToIssuance_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds from debt net of original discount and before costs related to issuance.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_PropertyPlantAndEquipmentAcquisitions" xlink:label="gsl_PropertyPlantAndEquipmentAcquisitions" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PropertyPlantAndEquipmentAcquisitions" xlink:to="gsl_PropertyPlantAndEquipmentAcquisitions_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_PropertyPlantAndEquipmentAcquisitions_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of acquisition of long-lived, physical assets used in the normal conduct of business and not intended for resal, that comlpeted upon transaction.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_PurchaseDate" xlink:label="gsl_PurchaseDate" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PurchaseDate" xlink:to="gsl_PurchaseDate_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_PurchaseDate_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Purchase Date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ReductionInProceedsAndProceedsFromSaleOfPropertyPlantAndEquipment" xlink:to="gsl_ReductionInProceedsAndProceedsFromSaleOfPropertyPlantAndEquipment_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ReductionInProceedsAndProceedsFromSaleOfPropertyPlantAndEquipment_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reduction in proceeds and proceeds from sale of property plant and equipment.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_RestrictedStockShareBasedCompensationInitialVestingPeriod" xlink:label="gsl_RestrictedStockShareBasedCompensationInitialVestingPeriod" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_RestrictedStockShareBasedCompensationInitialVestingPeriod" xlink:to="gsl_RestrictedStockShareBasedCompensationInitialVestingPeriod_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_RestrictedStockShareBasedCompensationInitialVestingPeriod_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Restricted stock share based compensation initial vesting period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_RestrictedStockUnitsShareBasedCompensationAwardsShareValueOnVestingDate" xlink:to="gsl_RestrictedStockUnitsShareBasedCompensationAwardsShareValueOnVestingDate_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_RestrictedStockUnitsShareBasedCompensationAwardsShareValueOnVestingDate_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Restricted stock units share based compensation awards share value on vesting date.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ScheduleOfCommitmentsAndContingenciesTableTextBlock" xlink:label="gsl_ScheduleOfCommitmentsAndContingenciesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ScheduleOfCommitmentsAndContingenciesTableTextBlock" xlink:to="gsl_ScheduleOfCommitmentsAndContingenciesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ScheduleOfCommitmentsAndContingenciesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule Of Commitments And Contingencies Table [Text Block]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ScheduleOfDeferredFinancingCostsTableTextBlock" xlink:to="gsl_ScheduleOfDeferredFinancingCostsTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ScheduleOfDeferredFinancingCostsTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of the components of deferred financing costs.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ScheduleOfFiniteLivedIntangibleLiabilitiesTable" xlink:to="gsl_ScheduleOfFiniteLivedIntangibleLiabilitiesTable_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ScheduleOfFiniteLivedIntangibleLiabilitiesTable_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule Of Finite Lived Intangible Liabilities [Table]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ScheduleOfIntangibleLiabilitiesCharterAgreementsTableTextBlock" xlink:to="gsl_ScheduleOfIntangibleLiabilitiesCharterAgreementsTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ScheduleOfIntangibleLiabilitiesCharterAgreementsTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of intangible liabilities charter agreements.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ScheduleOfOtherOperatingIncomeExpenseTableTextBlock" xlink:label="gsl_ScheduleOfOtherOperatingIncomeExpenseTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ScheduleOfOtherOperatingIncomeExpenseTableTextBlock" xlink:to="gsl_ScheduleOfOtherOperatingIncomeExpenseTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ScheduleOfOtherOperatingIncomeExpenseTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Other Operating Income Expense [Table Text Block]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ScheduleOfVesselsAndChartersTableTextBlock" xlink:label="gsl_ScheduleOfVesselsAndChartersTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ScheduleOfVesselsAndChartersTableTextBlock" xlink:to="gsl_ScheduleOfVesselsAndChartersTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ScheduleOfVesselsAndChartersTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Vessels and Charters Table [Text Block]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_SecuredTermLoanMember" xlink:label="gsl_SecuredTermLoanMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_SecuredTermLoanMember" xlink:to="gsl_SecuredTermLoanMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_SecuredTermLoanMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Secured Term Loan [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEarliestVestingDate" xlink:to="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEarliestVestingDate_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEarliestVestingDate_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share based compensation arrangement by share based payment award earliest vesting date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsMaximumNumberOfGrantsInPeriod" xlink:to="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsMaximumNumberOfGrantsInPeriod_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsMaximumNumberOfGrantsInPeriod_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The maximum number of shares that may be granted to any non-employee director in any one calendar year, under the equity-based compensation plan.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsMaximumValueOfGrantsInPeriod" xlink:to="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsMaximumValueOfGrantsInPeriod_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsMaximumValueOfGrantsInPeriod_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The maximum value of shares that may be granted to any non-employee director in any one calendar year, under the equity-based compensation plan.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriodNotionalValuePerShare" xlink:to="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriodNotionalValuePerShare_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriodNotionalValuePerShare_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share based compensation arrangement by share based payment award shares issued in period notional value per share.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedPercentageOfDirectorsFee" xlink:to="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedPercentageOfDirectorsFee_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedPercentageOfDirectorsFee_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share based compensation arrangement by share based payment award shares issued percentage of directors fee.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingStockPrice" xlink:to="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingStockPrice_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingStockPrice_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share based compensation arrangement by share based payment award vesting stock price.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_SignificantAccountingPoliciesLineItems" xlink:to="gsl_SignificantAccountingPoliciesLineItems_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_SignificantAccountingPoliciesLineItems_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Significant Accounting Policies [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_SignificantAccountingPoliciesTable" xlink:to="gsl_SignificantAccountingPoliciesTable_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_SignificantAccountingPoliciesTable_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Significant Accounting Policies [Table]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_StoresInventoryCurrent" xlink:to="gsl_StoresInventoryCurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_StoresInventoryCurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Carrying amount as of the balance sheet date of stores' inventory.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_SundryShippingIncomeMember" xlink:label="gsl_SundryShippingIncomeMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_SundryShippingIncomeMember" xlink:to="gsl_SundryShippingIncomeMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_SundryShippingIncomeMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sundry Shipping Income [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_SuperSeniorTermLoanMember" xlink:label="gsl_SuperSeniorTermLoanMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_SuperSeniorTermLoanMember" xlink:to="gsl_SuperSeniorTermLoanMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_SuperSeniorTermLoanMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Super senior term loan.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TenPointZeroPercentFirstPrioritySecuredNotesDue2019AndNinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member" xlink:label="gsl_TenPointZeroPercentFirstPrioritySecuredNotesDue2019AndNinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TenPointZeroPercentFirstPrioritySecuredNotesDue2019AndNinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member" xlink:to="gsl_TenPointZeroPercentFirstPrioritySecuredNotesDue2019AndNinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_TenPointZeroPercentFirstPrioritySecuredNotesDue2019AndNinePointEightSevenFivePercentFirstPrioritySecuredNotesDue2022Member_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ten point zero percent first priority secured notes due 2019 and Nine point eight seven five percent first priority secured notes due 2022.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TenPointZeroPercentFirstPrioritySecuredNotesDue2019Member" xlink:label="gsl_TenPointZeroPercentFirstPrioritySecuredNotesDue2019Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TenPointZeroPercentFirstPrioritySecuredNotesDue2019Member" xlink:to="gsl_TenPointZeroPercentFirstPrioritySecuredNotesDue2019Member_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_TenPointZeroPercentFirstPrioritySecuredNotesDue2019Member_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ten Point Zero Percent First Priority Secured Notes Due 2019 [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TimeCharterAndVoyageExpenses" xlink:to="gsl_TimeCharterAndVoyageExpenses_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_TimeCharterAndVoyageExpenses_doc" 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, canal, bunker expenses, commissions and other.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TimeCharterAndVoyageExpensesRelatedParty" xlink:to="gsl_TimeCharterAndVoyageExpensesRelatedParty_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_TimeCharterAndVoyageExpensesRelatedParty_doc" 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, canal, bunker expenses, commissions and other, incurred from transactions with related parties.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TimeCharterRevenueFromRelatedParty" xlink:label="gsl_TimeCharterRevenueFromRelatedParty" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TimeCharterRevenueFromRelatedParty" xlink:to="gsl_TimeCharterRevenueFromRelatedParty_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_TimeCharterRevenueFromRelatedParty_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The aggregate amount of time charter revenue from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TonnageTaxExpenseIncludedInOperatingExpense" xlink:label="gsl_TonnageTaxExpenseIncludedInOperatingExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TonnageTaxExpenseIncludedInOperatingExpense" xlink:to="gsl_TonnageTaxExpenseIncludedInOperatingExpense_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_TonnageTaxExpenseIncludedInOperatingExpense_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tonnage Tax Expense Included In Operating Expense.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TwoThousandAndFifteenEquityIncentivePlanMember" xlink:to="gsl_TwoThousandAndFifteenEquityIncentivePlanMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_TwoThousandAndFifteenEquityIncentivePlanMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Two Thousand And Fifteen Equity Incentive Plan [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TwoThousandEightEquityIncentivePlanMember" xlink:label="gsl_TwoThousandEightEquityIncentivePlanMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TwoThousandEightEquityIncentivePlanMember" xlink:to="gsl_TwoThousandEightEquityIncentivePlanMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_TwoThousandEightEquityIncentivePlanMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Two Thousand Eight Equity Incentive Plan [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TwoThousandTwentyTwoAndTwoThousandNineteenNotesMember" xlink:label="gsl_TwoThousandTwentyTwoAndTwoThousandNineteenNotesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TwoThousandTwentyTwoAndTwoThousandNineteenNotesMember" xlink:to="gsl_TwoThousandTwentyTwoAndTwoThousandNineteenNotesMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_TwoThousandTwentyTwoAndTwoThousandNineteenNotesMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Two thousand twenty two and two thousand nineteen notes.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_TwoThousandTwentyTwoNotesAndSuperSeniorTermLoanMember" xlink:label="gsl_TwoThousandTwentyTwoNotesAndSuperSeniorTermLoanMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TwoThousandTwentyTwoNotesAndSuperSeniorTermLoanMember" xlink:to="gsl_TwoThousandTwentyTwoNotesAndSuperSeniorTermLoanMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_TwoThousandTwentyTwoNotesAndSuperSeniorTermLoanMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Two thousand twenty two and super senior term loan.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_UnpaidCostsRelatingToDryDocking" xlink:to="gsl_UnpaidCostsRelatingToDryDocking_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_UnpaidCostsRelatingToDryDocking_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of expenses relating to drydocking that is not paid yet.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VesselCharterPeriod" xlink:to="gsl_VesselCharterPeriod_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_VesselCharterPeriod_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Vessel charter period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VesselDeliveryDate" xlink:to="gsl_VesselDeliveryDate_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_VesselDeliveryDate_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The date of delivery of the vessel.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VesselName" xlink:to="gsl_VesselName_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_VesselName_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The name of each vessel owned.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_VesselNetBookValueVariationsTableTextBlock" xlink:label="gsl_VesselNetBookValueVariationsTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VesselNetBookValueVariationsTableTextBlock" xlink:to="gsl_VesselNetBookValueVariationsTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_VesselNetBookValueVariationsTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Vessel net book value variations.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_VesselOperatingExpenses" xlink:label="gsl_VesselOperatingExpenses" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VesselOperatingExpenses" xlink:to="gsl_VesselOperatingExpenses_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_VesselOperatingExpenses_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The aggregate vessel operating expenses incurred during the reporting period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VictuallingInventoryCurrent" xlink:to="gsl_VictuallingInventoryCurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_VictuallingInventoryCurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Carrying amount as of the balance sheet date of victualling supplies.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_VilleDAquariusMember" xlink:label="gsl_VilleDAquariusMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VilleDAquariusMember" xlink:to="gsl_VilleDAquariusMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_VilleDAquariusMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ville D Aquarius [Member]</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_VilleDOrionMember" xlink:label="gsl_VilleDOrionMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VilleDOrionMember" xlink:to="gsl_VilleDOrionMember_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_VilleDOrionMember_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ville D Orion [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VotingInterest" xlink:to="gsl_VotingInterest_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_VotingInterest_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Voting interest.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_WeightedAverageAgeCapacity" xlink:to="gsl_WeightedAverageAgeCapacity_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_WeightedAverageAgeCapacity_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The weighted average age weighted by TEU capacity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_WeightedAverageNumberOfRestrictedStockUnitsWithoutServiceConditions" xlink:to="gsl_WeightedAverageNumberOfRestrictedStockUnitsWithoutServiceConditions_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_WeightedAverageNumberOfRestrictedStockUnitsWithoutServiceConditions_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted average number of Restricted Stick Units (RSUs) without service conditions.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_WeightedAverageNumberOfSharesOutstandingBasicIncludingRestrictedStockUnitsWithoutServiceConditions" xlink:label="gsl_WeightedAverageNumberOfSharesOutstandingBasicIncludingRestrictedStockUnitsWithoutServiceConditions" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_WeightedAverageNumberOfSharesOutstandingBasicIncludingRestrictedStockUnitsWithoutServiceConditions" xlink:to="gsl_WeightedAverageNumberOfSharesOutstandingBasicIncludingRestrictedStockUnitsWithoutServiceConditions_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_WeightedAverageNumberOfSharesOutstandingBasicIncludingRestrictedStockUnitsWithoutServiceConditions_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of basic shares or units, including adjustment for contingently issuable units and units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_YearBuilt" xlink:to="gsl_YearBuilt_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_YearBuilt_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Year Built.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ConstructionInProgressGross1" xlink:to="gsl_ConstructionInProgressGross1_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ConstructionInProgressGross1_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of structure or a modification to a structure under construction. Includes recently completed structures or modifications to structures that have not been placed into service.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfVesselsToBePurchased" xlink:to="gsl_NumberOfVesselsToBePurchased_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfVesselsToBePurchased_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of vessels that the company agreed to purchase in the near future.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_EntityIncorporationCountryName" xlink:to="gsl_EntityIncorporationCountryName_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_EntityIncorporationCountryName_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">State or Country Name where an entity is incorporated.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ScrapValueVesselsPerLwt" xlink:to="gsl_ScrapValueVesselsPerLwt_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ScrapValueVesselsPerLwt_doc" 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.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NumberOfUnencumberedVessels" xlink:to="gsl_NumberOfUnencumberedVessels_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_NumberOfUnencumberedVessels_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of unencumbered vessels.</link:label>
      <link:loc xlink:href="gsl-20191231.xsd#gsl_ContractPriceOfVesselsToBeAcquired" xlink:label="gsl_ContractPriceOfVesselsToBeAcquired" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ContractPriceOfVesselsToBeAcquired" xlink:to="gsl_ContractPriceOfVesselsToBeAcquired_doc" xlink:type="arc"/>
      <link:label xlink:label="gsl_ContractPriceOfVesselsToBeAcquired_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The agreed price between a buyer and a seller stated in a memorandum of agreement to acquire a vessel.</link:label>
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      <link:label xlink:label="gsl_CreditAgricoleCreditFacilityMember_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CreditAgricoleCreditFacilityMember</link:label>
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