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<!--Created by Sigma Conso, Powered by IRIS Carbon, Unique Code 6435aae554148f1e9c94e5af, Generated At Tue, 11 Apr 2023 18:47:23 GMT-->
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    <link:loc xlink:type="locator" xlink:href="5493006GOR72R0ZYBN98-2022-12-31.xsd#exmar_Reserves" xlink:label="Reserves" xlink:title="Reserves" />
    <link:label xlink:type="resource" xlink:label="label_Reserves" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Reserves" xml:lang="en" id="label_Reserves">Reserves</link:label>
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    <link:label xlink:type="resource" xlink:label="label_Reserves_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Reserves_1" xml:lang="en" id="label_Reserves_1">Reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Reserves" xlink:to="label_Reserves_1" xlink:title="Label : Reserves to label_Reserves_1" />
    <link:label xlink:type="resource" xlink:label="label_Reserves_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Reserves_2" xml:lang="en" id="label_Reserves_2">A component of equity representing reserves within equity, including retained earnings.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Reserves" xlink:to="label_Reserves_2" xlink:title="Label : Reserves to label_Reserves_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_AssetsAbstract" xlink:label="AssetsAbstract" xlink:title="AssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AssetsAbstract" xml:lang="en" id="label_AssetsAbstract">ASSETS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsAbstract" xlink:to="label_AssetsAbstract" xlink:title="Label : AssetsAbstract to label_AssetsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:label="IntangibleAssetsOtherThanGoodwill" xlink:title="IntangibleAssetsOtherThanGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IntangibleAssetsOtherThanGoodwill" xml:lang="en" id="label_IntangibleAssetsOtherThanGoodwill">Intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsOtherThanGoodwill" xlink:to="label_IntangibleAssetsOtherThanGoodwill" xlink:title="Label : IntangibleAssetsOtherThanGoodwill to label_IntangibleAssetsOtherThanGoodwill" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:label="InvestmentAccountedForUsingEquityMethod" xlink:title="InvestmentAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentAccountedForUsingEquityMethod" xml:lang="en" id="label_InvestmentAccountedForUsingEquityMethod">Investments in equity accounted investees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentAccountedForUsingEquityMethod" xlink:to="label_InvestmentAccountedForUsingEquityMethod" xlink:title="Label : InvestmentAccountedForUsingEquityMethod to label_InvestmentAccountedForUsingEquityMethod" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CurrentInvestments" xlink:label="CurrentInvestments" xlink:title="CurrentInvestments" />
    <link:label xlink:type="resource" xlink:label="label_CurrentInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentInvestments" xml:lang="en" id="label_CurrentInvestments">Other investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentInvestments" xlink:to="label_CurrentInvestments" xlink:title="Label : CurrentInvestments to label_CurrentInvestments" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TradeAndOtherCurrentReceivables" xlink:label="TradeAndOtherCurrentReceivables" xlink:title="TradeAndOtherCurrentReceivables" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeAndOtherCurrentReceivables" xml:lang="en" id="label_TradeAndOtherCurrentReceivables">Trade and other receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentReceivables" xlink:to="label_TradeAndOtherCurrentReceivables" xlink:title="Label : TradeAndOtherCurrentReceivables to label_TradeAndOtherCurrentReceivables" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CurrentTaxAssetsCurrent" xlink:label="CurrentTaxAssetsCurrent" xlink:title="CurrentTaxAssetsCurrent" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxAssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentTaxAssetsCurrent" xml:lang="en" id="label_CurrentTaxAssetsCurrent">Current tax assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxAssetsCurrent" xlink:to="label_CurrentTaxAssetsCurrent" xlink:title="Label : CurrentTaxAssetsCurrent to label_CurrentTaxAssetsCurrent" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CurrentRestrictedCashAndCashEquivalents" xlink:label="CurrentRestrictedCashAndCashEquivalents" xlink:title="CurrentRestrictedCashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_CurrentRestrictedCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentRestrictedCashAndCashEquivalents" xml:lang="en" id="label_CurrentRestrictedCashAndCashEquivalents">Restricted cash</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_EquityAndLiabilitiesAbstract" xlink:label="EquityAndLiabilitiesAbstract" xlink:title="EquityAndLiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_EquityAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityAndLiabilitiesAbstract" xml:lang="en" id="label_EquityAndLiabilitiesAbstract">EQUITY AND LIABILITIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAndLiabilitiesAbstract" xlink:to="label_EquityAndLiabilitiesAbstract" xlink:title="Label : EquityAndLiabilitiesAbstract to label_EquityAndLiabilitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IssuedCapital" xlink:label="IssuedCapital" xlink:title="IssuedCapital" />
    <link:label xlink:type="resource" xlink:label="label_IssuedCapital" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IssuedCapital" xml:lang="en" id="label_IssuedCapital">Share capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapital" xlink:to="label_IssuedCapital" xlink:title="Label : IssuedCapital to label_IssuedCapital" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_NoncontrollingInterests" xlink:label="NoncontrollingInterests" xlink:title="NoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingInterests" xml:lang="en" id="label_NoncontrollingInterests">Non-controlling interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterests" xlink:to="label_NoncontrollingInterests" xlink:title="Label : NoncontrollingInterests to label_NoncontrollingInterests" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_LongtermBorrowings" xlink:label="LongtermBorrowings" xlink:title="LongtermBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_LongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongtermBorrowings" xml:lang="en" id="label_LongtermBorrowings">Borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermBorrowings" xlink:to="label_LongtermBorrowings" xlink:title="Label : LongtermBorrowings to label_LongtermBorrowings" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:label="CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:title="CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xml:lang="en" id="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings">Borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:title="Label : CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings to label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:label="CurrentTaxLiabilitiesCurrent" xlink:title="CurrentTaxLiabilitiesCurrent" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentTaxLiabilitiesCurrent" xml:lang="en" id="label_CurrentTaxLiabilitiesCurrent">Current tax liability</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxLiabilitiesCurrent" xlink:to="label_CurrentTaxLiabilitiesCurrent" xlink:title="Label : CurrentTaxLiabilitiesCurrent to label_CurrentTaxLiabilitiesCurrent" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_GainsOnDisposalsOfNoncurrentAssets" xlink:label="GainsOnDisposalsOfNoncurrentAssets" xlink:title="GainsOnDisposalsOfNoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_GainsOnDisposalsOfNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainsOnDisposalsOfNoncurrentAssets" xml:lang="en" id="label_GainsOnDisposalsOfNoncurrentAssets">Gain on disposal</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsOnDisposalsOfNoncurrentAssets" xlink:to="label_GainsOnDisposalsOfNoncurrentAssets" xlink:title="Label : GainsOnDisposalsOfNoncurrentAssets to label_GainsOnDisposalsOfNoncurrentAssets" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherIncome" xlink:label="OtherIncome" xlink:title="OtherIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherIncome" xml:lang="en" id="label_OtherIncome">Other operating income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIncome" xlink:to="label_OtherIncome" xlink:title="Label : OtherIncome to label_OtherIncome" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_InterestExpense" xlink:label="InterestExpense" xlink:title="InterestExpense" />
    <link:label xlink:type="resource" xlink:label="label_InterestExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterestExpense" xml:lang="en" id="label_InterestExpense">Interest expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpense" xlink:to="label_InterestExpense" xlink:title="Label : InterestExpense to label_InterestExpense" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherFinanceCost" xlink:label="OtherFinanceCost" xlink:title="OtherFinanceCost" />
    <link:label xlink:type="resource" xlink:label="label_OtherFinanceCost" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OtherFinanceCost" xml:lang="en" id="label_OtherFinanceCost">Other finance expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherFinanceCost" xlink:to="label_OtherFinanceCost" xlink:title="Label : OtherFinanceCost to label_OtherFinanceCost" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:label="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:title="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xml:lang="en" id="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod">Share of result of equity accounted investees (net of income tax)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:title="Label : ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod to label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="IncomeTaxExpenseContinuingOperations" xlink:title="IncomeTaxExpenseContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncomeTaxExpenseContinuingOperations" xml:lang="en" id="label_IncomeTaxExpenseContinuingOperations">Income tax expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxExpenseContinuingOperations" xlink:to="label_IncomeTaxExpenseContinuingOperations" xlink:title="Label : IncomeTaxExpenseContinuingOperations to label_IncomeTaxExpenseContinuingOperations" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProfitLossAttributableToAbstract" xlink:label="ProfitLossAttributableToAbstract" xlink:title="ProfitLossAttributableToAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLossAttributableToAbstract" xml:lang="en" id="label_ProfitLossAttributableToAbstract">Attributable to:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToAbstract" xlink:to="label_ProfitLossAttributableToAbstract" xlink:title="Label : ProfitLossAttributableToAbstract to label_ProfitLossAttributableToAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:label="ProfitLossAttributableToOwnersOfParent" xlink:title="ProfitLossAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLossAttributableToOwnersOfParent" xml:lang="en" id="label_ProfitLossAttributableToOwnersOfParent">Owners of the Company</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToOwnersOfParent" xlink:to="label_ProfitLossAttributableToOwnersOfParent" xlink:title="Label : ProfitLossAttributableToOwnersOfParent to label_ProfitLossAttributableToOwnersOfParent" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:label="ProfitLossAttributableToNoncontrollingInterests" xlink:title="ProfitLossAttributableToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLossAttributableToNoncontrollingInterests" xml:lang="en" id="label_ProfitLossAttributableToNoncontrollingInterests">Non-controlling interest</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:label="ComprehensiveIncomeAttributableToAbstract" xlink:title="ComprehensiveIncomeAttributableToAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ComprehensiveIncomeAttributableToAbstract" xml:lang="en" id="label_ComprehensiveIncomeAttributableToAbstract">Attributable to:</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:label="ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:title="ComprehensiveIncomeAttributableToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ComprehensiveIncomeAttributableToNoncontrollingInterests" xml:lang="en" id="label_ComprehensiveIncomeAttributableToNoncontrollingInterests">Non-controlling interest</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:label="ComprehensiveIncomeAttributableToOwnersOfParent" xlink:title="ComprehensiveIncomeAttributableToOwnersOfParent" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:label="CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:title="CashFlowsFromUsedInOperatingActivitiesAbstract" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:label="AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:title="AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="CashFlowsFromUsedInOperatingActivities" xlink:title="CashFlowsFromUsedInOperatingActivities" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:label="CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:title="CashFlowsFromUsedInInvestingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashFlowsFromUsedInInvestingActivitiesAbstract" xml:lang="en" id="label_CashFlowsFromUsedInInvestingActivitiesAbstract">INVESTING ACTIVITIES</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:label="PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:title="PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xml:lang="en" id="label_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities">Acquisition of intangible assets</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashAdvancesAndLoansMadeToRelatedParties" xlink:label="CashAdvancesAndLoansMadeToRelatedParties" xlink:title="CashAdvancesAndLoansMadeToRelatedParties" />
    <link:label xlink:type="resource" xlink:label="label_CashAdvancesAndLoansMadeToRelatedParties" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CashAdvancesAndLoansMadeToRelatedParties" xml:lang="en" id="label_CashAdvancesAndLoansMadeToRelatedParties">Borrowings to equity accounted investees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAdvancesAndLoansMadeToRelatedParties" xlink:to="label_CashAdvancesAndLoansMadeToRelatedParties" xlink:title="Label : CashAdvancesAndLoansMadeToRelatedParties to label_CashAdvancesAndLoansMadeToRelatedParties" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToRelatedParties" xlink:label="CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToRelatedParties" xlink:title="CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToRelatedParties" />
    <link:label xlink:type="resource" xlink:label="label_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToRelatedParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToRelatedParties" xml:lang="en" id="label_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToRelatedParties">Repayments from equity accounted investees</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="CashFlowsFromUsedInInvestingActivities" xlink:title="CashFlowsFromUsedInInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashFlowsFromUsedInInvestingActivities" xml:lang="en" id="label_CashFlowsFromUsedInInvestingActivities">NET CASH FROM INVESTING ACTIVITIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInInvestingActivities" xlink:to="label_CashFlowsFromUsedInInvestingActivities" xlink:title="Label : CashFlowsFromUsedInInvestingActivities to label_CashFlowsFromUsedInInvestingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:label="CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:title="CashFlowsFromUsedInFinancingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashFlowsFromUsedInFinancingActivitiesAbstract" xml:lang="en" id="label_CashFlowsFromUsedInFinancingActivitiesAbstract">FINANCING ACTIVITIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:to="label_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:title="Label : CashFlowsFromUsedInFinancingActivitiesAbstract to label_CashFlowsFromUsedInFinancingActivitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:label="RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:title="RepaymentsOfBorrowingsClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xml:lang="en" id="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities">Repayment of borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:to="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:title="Label : RepaymentsOfBorrowingsClassifiedAsFinancingActivities to label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="CashFlowsFromUsedInFinancingActivities" xlink:title="CashFlowsFromUsedInFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashFlowsFromUsedInFinancingActivities" xml:lang="en" id="label_CashFlowsFromUsedInFinancingActivities">NET CASH FROM FINANCING ACTIVITIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInFinancingActivities" xlink:to="label_CashFlowsFromUsedInFinancingActivities" xlink:title="Label : CashFlowsFromUsedInFinancingActivities to label_CashFlowsFromUsedInFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashAndCashEquivalentsAbstract" xlink:label="CashAndCashEquivalentsAbstract" xlink:title="CashAndCashEquivalentsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashAndCashEquivalentsAbstract" xml:lang="en" id="label_CashAndCashEquivalentsAbstract">RECONCILIATION OF NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsAbstract" xlink:to="label_CashAndCashEquivalentsAbstract" xlink:title="Label : CashAndCashEquivalentsAbstract to label_CashAndCashEquivalentsAbstract" />
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    <link:label xlink:type="resource" xlink:label="label_EquityAttributableToOwnersOfParentMember" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_EquityAttributableToOwnersOfParentMember" xml:lang="en" id="label_EquityAttributableToOwnersOfParentMember">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParentMember" xlink:to="label_EquityAttributableToOwnersOfParentMember" xlink:title="Label : EquityAttributableToOwnersOfParentMember to label_EquityAttributableToOwnersOfParentMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IssuedCapitalMember" xlink:label="IssuedCapitalMember" xlink:title="IssuedCapitalMember" />
    <link:label xlink:type="resource" xlink:label="label_IssuedCapitalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IssuedCapitalMember" xml:lang="en" id="label_IssuedCapitalMember">Share capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapitalMember" xlink:to="label_IssuedCapitalMember" xlink:title="Label : IssuedCapitalMember to label_IssuedCapitalMember" />
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    <link:label xlink:type="resource" xlink:label="label_SharePremiumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharePremiumMember" xml:lang="en" id="label_SharePremiumMember">Share premium</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharePremiumMember" xlink:to="label_SharePremiumMember" xlink:title="Label : SharePremiumMember to label_SharePremiumMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_RetainedEarningsMember" xlink:label="RetainedEarningsMember" xlink:title="RetainedEarningsMember" />
    <link:label xlink:type="resource" xlink:label="label_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RetainedEarningsMember" xml:lang="en" id="label_RetainedEarningsMember">Retained earnings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsMember" xlink:to="label_RetainedEarningsMember" xlink:title="Label : RetainedEarningsMember to label_RetainedEarningsMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:label="ReserveOfExchangeDifferencesOnTranslationMember" xlink:title="ReserveOfExchangeDifferencesOnTranslationMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesOnTranslationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveOfExchangeDifferencesOnTranslationMember" xml:lang="en" id="label_ReserveOfExchangeDifferencesOnTranslationMember">Translation reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="label_ReserveOfExchangeDifferencesOnTranslationMember" xlink:title="Label : ReserveOfExchangeDifferencesOnTranslationMember to label_ReserveOfExchangeDifferencesOnTranslationMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ReserveOfCashFlowHedgesMember" xlink:label="ReserveOfCashFlowHedgesMember" xlink:title="ReserveOfCashFlowHedgesMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfCashFlowHedgesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveOfCashFlowHedgesMember" xml:lang="en" id="label_ReserveOfCashFlowHedgesMember">Hedging reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfCashFlowHedgesMember" xlink:to="label_ReserveOfCashFlowHedgesMember" xlink:title="Label : ReserveOfCashFlowHedgesMember to label_ReserveOfCashFlowHedgesMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ReserveOfSharebasedPaymentsMember" xlink:label="ReserveOfSharebasedPaymentsMember" xlink:title="ReserveOfSharebasedPaymentsMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfSharebasedPaymentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveOfSharebasedPaymentsMember" xml:lang="en" id="label_ReserveOfSharebasedPaymentsMember">Share-based payments reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfSharebasedPaymentsMember" xlink:to="label_ReserveOfSharebasedPaymentsMember" xlink:title="Label : ReserveOfSharebasedPaymentsMember to label_ReserveOfSharebasedPaymentsMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_NoncontrollingInterestsMember" xlink:label="NoncontrollingInterestsMember" xlink:title="NoncontrollingInterestsMember" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingInterestsMember" xml:lang="en" id="label_NoncontrollingInterestsMember">Non-controlling interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestsMember" xlink:to="label_NoncontrollingInterestsMember" xlink:title="Label : NoncontrollingInterestsMember to label_NoncontrollingInterestsMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfChangesInEquityLineItems" xlink:to="label_StatementOfChangesInEquityLineItems" xlink:title="Label : StatementOfChangesInEquityLineItems to label_StatementOfChangesInEquityLineItems" />
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    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xml:lang="en" id="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation">Foreign currency translation differences</link:label>
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    <link:label xlink:type="resource" xlink:label="label_MiscellaneousEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MiscellaneousEquityAbstract" xml:lang="en" id="label_MiscellaneousEquityAbstract">Contributions &amp; distributions</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TreasurySharesMember" xlink:label="TreasurySharesMember" xlink:title="TreasurySharesMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VesselExpenses" xlink:to="label_VesselExpenses_2" xlink:title="Label : VesselExpenses to label_VesselExpenses_2" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" xlink:label="AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" xlink:title="AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:label="ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:title="ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xml:lang="en" id="label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract">Items that are or may be reclassified subsequently to profit or loss:</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:label="ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:title="ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xml:lang="en" id="label_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract">Items that will never be reclassified to profit and loss:</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:label="NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:title="NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:to="label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:title="Label : NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale to label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_NoncurrentProvisions" xlink:label="NoncurrentProvisions" xlink:title="NoncurrentProvisions" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentProvisions" xml:lang="en" id="label_NoncurrentProvisions">Provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentProvisions" xlink:to="label_NoncurrentProvisions" xlink:title="Label : NoncurrentProvisions to label_NoncurrentProvisions" />
    <link:loc xlink:type="locator" xlink:href="5493006GOR72R0ZYBN98-2022-12-31.xsd#exmar_OtherComprehensiveIncomeNetOfTaxNetChangeInFairValueOfCashFlowHedgesHedgeAccountingShareOfEquityAccountedInvesteesThatWillBeReclassifiedToProfitOrLoss" xlink:label="OtherComprehensiveIncomeNetOfTaxNetChangeInFairValueOfCashFlowHedgesHedgeAccountingShareOfEquityAccountedInvesteesThatWillBeReclassifiedToProfitOrLoss" xlink:title="OtherComprehensiveIncomeNetOfTaxNetChangeInFairValueOfCashFlowHedgesHedgeAccountingShareOfEquityAccountedInvesteesThatWillBeReclassifiedToProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxNetChangeInFairValueOfCashFlowHedgesHedgeAccountingShareOfEquityAccountedInvesteesThatWillBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncomeNetOfTaxNetChangeInFairValueOfCashFlowHedgesHedgeAccountingShareOfEquityAccountedInvesteesThatWillBeReclassifiedToProfitOrLoss" xml:lang="en" id="label_OtherComprehensiveIncomeNetOfTaxNetChangeInFairValueOfCashFlowHedgesHedgeAccountingShareOfEquityAccountedInvesteesThatWillBeReclassifiedToProfitOrLoss">Other Comprehensive Income, Net of Tax, Net Change in Fair Value of Cash Flow Hedges Hedge Accounting Share of Equity Accounted Investees that will be Reclassified to Profit or Loss</link:label>
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    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxNetChangeInFairValueOfCashFlowHedgesHedgeAccountingShareOfEquityAccountedInvesteesThatWillBeReclassifiedToProfitOrLoss_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherComprehensiveIncomeNetOfTaxNetChangeInFairValueOfCashFlowHedgesHedgeAccountingShareOfEquityAccountedInvesteesThatWillBeReclassifiedToProfitOrLoss_1" xml:lang="en" id="label_OtherComprehensiveIncomeNetOfTaxNetChangeInFairValueOfCashFlowHedgesHedgeAccountingShareOfEquityAccountedInvesteesThatWillBeReclassifiedToProfitOrLoss_1">Net change in fair value of cash flow hedges -  share equity accounted investees</link:label>
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    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxNetChangeInFairValueOfCashFlowHedgesHedgeAccountingShareOfEquityAccountedInvesteesThatWillBeReclassifiedToProfitOrLoss_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherComprehensiveIncomeNetOfTaxNetChangeInFairValueOfCashFlowHedgesHedgeAccountingShareOfEquityAccountedInvesteesThatWillBeReclassifiedToProfitOrLoss_2" xml:lang="en" id="label_OtherComprehensiveIncomeNetOfTaxNetChangeInFairValueOfCashFlowHedgesHedgeAccountingShareOfEquityAccountedInvesteesThatWillBeReclassifiedToProfitOrLoss_2">Share of the other comprehensive income related to cash flow hedges in hedge accounting of investees that are accounted for using the equity method that will be reclassified to profit or loss, net of tax.</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ChangesInEquityAbstract" xlink:label="ChangesInEquityAbstract" xlink:title="ChangesInEquityAbstract" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesInEquityAbstract" xlink:to="label_ChangesInEquityAbstract" xlink:title="Label : ChangesInEquityAbstract to label_ChangesInEquityAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" xlink:label="IncreaseDecreaseThroughTransactionsWithOwners" xlink:title="IncreaseDecreaseThroughTransactionsWithOwners" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransactionsWithOwners" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_IncreaseDecreaseThroughTransactionsWithOwners" xml:lang="en" id="label_IncreaseDecreaseThroughTransactionsWithOwners">Total transactions with owners of the Company</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransactionsWithOwners" xlink:to="label_IncreaseDecreaseThroughTransactionsWithOwners" xlink:title="Label : IncreaseDecreaseThroughTransactionsWithOwners to label_IncreaseDecreaseThroughTransactionsWithOwners" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:label="OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:title="OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:to="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_1" xlink:title="Label : OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans to label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:label="DividendsPaidClassifiedAsFinancingActivities" xlink:title="DividendsPaidClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DividendsPaidClassifiedAsFinancingActivities" xml:lang="en" id="label_DividendsPaidClassifiedAsFinancingActivities">Dividend paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidClassifiedAsFinancingActivities" xlink:to="label_DividendsPaidClassifiedAsFinancingActivities" xlink:title="Label : DividendsPaidClassifiedAsFinancingActivities to label_DividendsPaidClassifiedAsFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:label="GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:title="GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:label="AdjustmentsForDepreciationAndAmortisationExpense" xlink:title="AdjustmentsForDepreciationAndAmortisationExpense" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_AdjustmentsForFinanceIncomeCost" xlink:label="AdjustmentsForFinanceIncomeCost" xlink:title="AdjustmentsForFinanceIncomeCost" />
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    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForIncomeTaxExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForIncomeTaxExpense" xml:lang="en" id="label_AdjustmentsForIncomeTaxExpense">Income tax expense/ (income)</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInOperations" xlink:label="CashFlowsFromUsedInOperations" xlink:title="CashFlowsFromUsedInOperations" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:label="IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:title="IncomeTaxesPaidRefundClassifiedAsOperatingActivities" />
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    <link:loc xlink:type="locator" xlink:href="5493006GOR72R0ZYBN98-2022-12-31.xsd#exmar_PurchaseOfVesselsAndVesselsUnderConstructionClassifiedAsInvestingActivities" xlink:label="PurchaseOfVesselsAndVesselsUnderConstructionClassifiedAsInvestingActivities" xlink:title="PurchaseOfVesselsAndVesselsUnderConstructionClassifiedAsInvestingActivities" />
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    <link:label xlink:type="resource" xlink:label="label_PurchaseOfVesselsAndVesselsUnderConstructionClassifiedAsInvestingActivities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PurchaseOfVesselsAndVesselsUnderConstructionClassifiedAsInvestingActivities_2" xml:lang="en" id="label_PurchaseOfVesselsAndVesselsUnderConstructionClassifiedAsInvestingActivities_2">Purchase of Vessels and Vessels Under Construction Classified as Investing Activities</link:label>
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    <link:loc xlink:type="locator" xlink:href="5493006GOR72R0ZYBN98-2022-12-31.xsd#exmar_PurchaseOfOtherPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="PurchaseOfOtherPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:title="PurchaseOfOtherPropertyPlantAndEquipmentClassifiedAsInvestingActivities" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfOtherPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="label_PurchaseOfOtherPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:title="Label : PurchaseOfOtherPropertyPlantAndEquipmentClassifiedAsInvestingActivities to label_PurchaseOfOtherPropertyPlantAndEquipmentClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseOfOtherPropertyPlantAndEquipmentClassifiedAsInvestingActivities_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PurchaseOfOtherPropertyPlantAndEquipmentClassifiedAsInvestingActivities_1" xml:lang="en" id="label_PurchaseOfOtherPropertyPlantAndEquipmentClassifiedAsInvestingActivities_1">Acquisition of other property plant and equipment</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsInvestingActivities" xlink:label="DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsInvestingActivities" xlink:title="DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsInvestingActivities" xml:lang="en" id="label_DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsInvestingActivities">Dividends from equity accounted investees</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:label="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:title="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xml:lang="en" id="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities">Repayment of lease liabilities IFRS 16 (principal portion)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:title="Label : PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities to label_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="5493006GOR72R0ZYBN98-2022-12-31.xsd#exmar_PaymentForBankingFeesDebtTransactionCosts" xlink:label="PaymentForBankingFeesDebtTransactionCosts" xlink:title="PaymentForBankingFeesDebtTransactionCosts" />
    <link:label xlink:type="resource" xlink:label="label_PaymentForBankingFeesDebtTransactionCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentForBankingFeesDebtTransactionCosts" xml:lang="en" id="label_PaymentForBankingFeesDebtTransactionCosts">Payment for Banking Fees Debt Transaction Costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentForBankingFeesDebtTransactionCosts" xlink:to="label_PaymentForBankingFeesDebtTransactionCosts" xlink:title="Label : PaymentForBankingFeesDebtTransactionCosts to label_PaymentForBankingFeesDebtTransactionCosts" />
    <link:label xlink:type="resource" xlink:label="label_PaymentForBankingFeesDebtTransactionCosts_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentForBankingFeesDebtTransactionCosts_1" xml:lang="en" id="label_PaymentForBankingFeesDebtTransactionCosts_1">Payment of debt transaction costs &amp; banking fees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentForBankingFeesDebtTransactionCosts" xlink:to="label_PaymentForBankingFeesDebtTransactionCosts_1" xlink:title="Label : PaymentForBankingFeesDebtTransactionCosts to label_PaymentForBankingFeesDebtTransactionCosts_1" />
    <link:label xlink:type="resource" xlink:label="label_PaymentForBankingFeesDebtTransactionCosts_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PaymentForBankingFeesDebtTransactionCosts_2" xml:lang="en" id="label_PaymentForBankingFeesDebtTransactionCosts_2">The cash outflow for banking fees and debt transaction costs paid.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentForBankingFeesDebtTransactionCosts" xlink:to="label_PaymentForBankingFeesDebtTransactionCosts_2" xlink:title="Label : PaymentForBankingFeesDebtTransactionCosts to label_PaymentForBankingFeesDebtTransactionCosts_2" />
    <link:loc xlink:type="locator" xlink:href="5493006GOR72R0ZYBN98-2022-12-31.xsd#exmar_CashFlowsUsedInIncreaseInRestrictedCashClassifiedAsFinancingActivities" xlink:label="CashFlowsUsedInIncreaseInRestrictedCashClassifiedAsFinancingActivities" xlink:title="CashFlowsUsedInIncreaseInRestrictedCashClassifiedAsFinancingActivities" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsUsedInIncreaseInRestrictedCashClassifiedAsFinancingActivities" xlink:to="label_CashFlowsUsedInIncreaseInRestrictedCashClassifiedAsFinancingActivities_2" xlink:title="Label : CashFlowsUsedInIncreaseInRestrictedCashClassifiedAsFinancingActivities to label_CashFlowsUsedInIncreaseInRestrictedCashClassifiedAsFinancingActivities_2" />
    <link:loc xlink:type="locator" xlink:href="5493006GOR72R0ZYBN98-2022-12-31.xsd#exmar_CashFlowsFromDecreaseInRestrictedCashClassifiedAsFinancingActivities" xlink:label="CashFlowsFromDecreaseInRestrictedCashClassifiedAsFinancingActivities" xlink:title="CashFlowsFromDecreaseInRestrictedCashClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromDecreaseInRestrictedCashClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromDecreaseInRestrictedCashClassifiedAsFinancingActivities" xml:lang="en" id="label_CashFlowsFromDecreaseInRestrictedCashClassifiedAsFinancingActivities">Cash Flows from Decrease in Restricted Cash Classified as Financing Activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromDecreaseInRestrictedCashClassifiedAsFinancingActivities" xlink:to="label_CashFlowsFromDecreaseInRestrictedCashClassifiedAsFinancingActivities" xlink:title="Label : CashFlowsFromDecreaseInRestrictedCashClassifiedAsFinancingActivities to label_CashFlowsFromDecreaseInRestrictedCashClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromDecreaseInRestrictedCashClassifiedAsFinancingActivities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashFlowsFromDecreaseInRestrictedCashClassifiedAsFinancingActivities_1" xml:lang="en" id="label_CashFlowsFromDecreaseInRestrictedCashClassifiedAsFinancingActivities_1">Release restricted cash</link:label>
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    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromDecreaseInRestrictedCashClassifiedAsFinancingActivities_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CashFlowsFromDecreaseInRestrictedCashClassifiedAsFinancingActivities_2" xml:lang="en" id="label_CashFlowsFromDecreaseInRestrictedCashClassifiedAsFinancingActivities_2">The cash inflow due to a decrease in restricted cash, classified as financing activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromDecreaseInRestrictedCashClassifiedAsFinancingActivities" xlink:to="label_CashFlowsFromDecreaseInRestrictedCashClassifiedAsFinancingActivities_2" xlink:title="Label : CashFlowsFromDecreaseInRestrictedCashClassifiedAsFinancingActivities to label_CashFlowsFromDecreaseInRestrictedCashClassifiedAsFinancingActivities_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:label="InterestPaidClassifiedAsOperatingActivities" xlink:title="InterestPaidClassifiedAsOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_InterestPaidClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterestPaidClassifiedAsOperatingActivities" xml:lang="en" id="label_InterestPaidClassifiedAsOperatingActivities">Interest paid</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:label="IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:title="IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:to="label_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_1" xlink:title="Label : IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges to label_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CurrentDerivativeFinancialAssets" xlink:label="CurrentDerivativeFinancialAssets" xlink:title="CurrentDerivativeFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentDerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentDerivativeFinancialAssets" xml:lang="en" id="label_CurrentDerivativeFinancialAssets">Derivative financial assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentDerivativeFinancialAssets" xlink:to="label_CurrentDerivativeFinancialAssets" xlink:title="Label : CurrentDerivativeFinancialAssets to label_CurrentDerivativeFinancialAssets" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashAndCashEquivalents" xlink:label="CashAndCashEquivalents" xlink:title="CashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashAndCashEquivalents" xml:lang="en" id="label_CashAndCashEquivalents">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents" xlink:title="Label : CashAndCashEquivalents to label_CashAndCashEquivalents" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties" xlink:label="TradeAndOtherCurrentReceivablesDueFromRelatedParties" xlink:title="TradeAndOtherCurrentReceivablesDueFromRelatedParties" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentReceivablesDueFromRelatedParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeAndOtherCurrentReceivablesDueFromRelatedParties" xml:lang="en" id="label_TradeAndOtherCurrentReceivablesDueFromRelatedParties">Borrowings to equity accounted investees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentReceivablesDueFromRelatedParties" xlink:to="label_TradeAndOtherCurrentReceivablesDueFromRelatedParties" xlink:title="Label : TradeAndOtherCurrentReceivablesDueFromRelatedParties to label_TradeAndOtherCurrentReceivablesDueFromRelatedParties" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:label="AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:title="AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xml:lang="en" id="label_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss">Impairment losses and reversals</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:to="label_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:title="Label : AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss to label_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ComprehensiveIncome" xlink:label="ComprehensiveIncome" xlink:title="ComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ComprehensiveIncome" xml:lang="en" id="label_ComprehensiveIncome">Total comprehensive result for the period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncome" xlink:to="label_ComprehensiveIncome" xlink:title="Label : ComprehensiveIncome to label_ComprehensiveIncome" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="OtherComprehensiveIncome" xlink:title="OtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherComprehensiveIncome" xml:lang="en" id="label_OtherComprehensiveIncome">Total other comprehensive result</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncome" xlink:to="label_OtherComprehensiveIncome" xlink:title="Label : OtherComprehensiveIncome to label_OtherComprehensiveIncome" />
    <link:loc xlink:type="locator" xlink:href="5493006GOR72R0ZYBN98-2022-12-31.xsd#exmar_OtherOperatingExpenses" xlink:label="OtherOperatingExpenses" xlink:title="OtherOperatingExpenses" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherOperatingExpenses" xml:lang="en" id="label_OtherOperatingExpenses">Other Operating Expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingExpenses" xlink:to="label_OtherOperatingExpenses" xlink:title="Label : OtherOperatingExpenses to label_OtherOperatingExpenses" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingExpenses_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherOperatingExpenses_1" xml:lang="en" id="label_OtherOperatingExpenses_1">The amount of other operating expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingExpenses" xlink:to="label_OtherOperatingExpenses_1" xlink:title="Label : OtherOperatingExpenses to label_OtherOperatingExpenses_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingExpenses_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OtherOperatingExpenses_2" xml:lang="en" id="label_OtherOperatingExpenses_2">Other operating expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingExpenses" xlink:to="label_OtherOperatingExpenses_2" xlink:title="Label : OtherOperatingExpenses to label_OtherOperatingExpenses_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_Inventories" xlink:label="Inventories" xlink:title="Inventories" />
    <link:label xlink:type="resource" xlink:label="label_Inventories" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Inventories" xml:lang="en" id="label_Inventories">Inventories</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Inventories" xlink:to="label_Inventories" xlink:title="Label : Inventories to label_Inventories" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherNoncurrentPayables" xlink:label="OtherNoncurrentPayables" xlink:title="OtherNoncurrentPayables" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentPayables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherNoncurrentPayables" xml:lang="en" id="label_OtherNoncurrentPayables">Other payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentPayables" xlink:to="label_OtherNoncurrentPayables" xlink:title="Label : OtherNoncurrentPayables to label_OtherNoncurrentPayables" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProfitLossAbstract" xlink:label="ProfitLossAbstract" xlink:title="ProfitLossAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLossAbstract" xml:lang="en" id="label_ProfitLossAbstract">CONSOLIDATED STATEMENT OF PROFIT OR LOSS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAbstract" xlink:to="label_ProfitLossAbstract" xlink:title="Label : ProfitLossAbstract to label_ProfitLossAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ComprehensiveIncomeAbstract" xlink:label="ComprehensiveIncomeAbstract" xlink:title="ComprehensiveIncomeAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ComprehensiveIncomeAbstract" xml:lang="en" id="label_ComprehensiveIncomeAbstract">Comprehensive result for the period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAbstract" xlink:to="label_ComprehensiveIncomeAbstract" xlink:title="Label : ComprehensiveIncomeAbstract to label_ComprehensiveIncomeAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ComprehensiveIncomeAbstract_1" xml:lang="en" id="label_ComprehensiveIncomeAbstract_1">CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAbstract" xlink:to="label_ComprehensiveIncomeAbstract_1" xlink:title="Label : ComprehensiveIncomeAbstract to label_ComprehensiveIncomeAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax" xlink:label="OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax" xlink:title="OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax" />
    <link:label xlink:type="resource" xlink:label="label_OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax" xml:lang="en" id="label_OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax">Other</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax" xlink:to="label_OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax" xlink:title="Label : OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax to label_OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherAdjustmentsForNoncashItems" xlink:label="OtherAdjustmentsForNoncashItems" xlink:title="OtherAdjustmentsForNoncashItems" />
    <link:label xlink:type="resource" xlink:label="label_OtherAdjustmentsForNoncashItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherAdjustmentsForNoncashItems" xml:lang="en" id="label_OtherAdjustmentsForNoncashItems">Other non-cash items</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAdjustmentsForNoncashItems" xlink:to="label_OtherAdjustmentsForNoncashItems" xlink:title="Label : OtherAdjustmentsForNoncashItems to label_OtherAdjustmentsForNoncashItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:label="AdjustmentsForDecreaseIncreaseInInventories" xlink:title="AdjustmentsForDecreaseIncreaseInInventories" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForDecreaseIncreaseInInventories" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForDecreaseIncreaseInInventories" xml:lang="en" id="label_AdjustmentsForDecreaseIncreaseInInventories">Increase/(decrease) of inventories</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForDecreaseIncreaseInInventories" xlink:to="label_AdjustmentsForDecreaseIncreaseInInventories" xlink:title="Label : AdjustmentsForDecreaseIncreaseInInventories to label_AdjustmentsForDecreaseIncreaseInInventories" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:label="CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:title="CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xml:lang="en" id="label_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities">Acquisition of subsidiaries, net of cash acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:to="label_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:title="Label : CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities to label_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:label="PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:title="PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xml:lang="en" id="label_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities">Acquisition of an asset through an other asset deal, net of cash acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:to="label_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:title="Label : PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities to label_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" />
    <link:loc xlink:type="locator" xlink:href="5493006GOR72R0ZYBN98-2022-12-31.xsd#exmar_DisclosureOfReconciliationSegmentReportingExplanatory" xlink:label="DisclosureOfReconciliationSegmentReportingExplanatory" xlink:title="DisclosureOfReconciliationSegmentReportingExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfReconciliationSegmentReportingExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfReconciliationSegmentReportingExplanatory" xml:lang="en" id="label_DisclosureOfReconciliationSegmentReportingExplanatory">Disclosure of Reconciliation Segment Reporting [Explanatory]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfReconciliationSegmentReportingExplanatory" xlink:to="label_DisclosureOfReconciliationSegmentReportingExplanatory" xlink:title="Label : DisclosureOfReconciliationSegmentReportingExplanatory to label_DisclosureOfReconciliationSegmentReportingExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfReconciliationSegmentReportingExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfReconciliationSegmentReportingExplanatory_1" xml:lang="en" id="label_DisclosureOfReconciliationSegmentReportingExplanatory_1">The entire disclosure for reconciliation segment reporting.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfReconciliationSegmentReportingExplanatory" xlink:to="label_DisclosureOfReconciliationSegmentReportingExplanatory_1" xlink:title="Label : DisclosureOfReconciliationSegmentReportingExplanatory to label_DisclosureOfReconciliationSegmentReportingExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="5493006GOR72R0ZYBN98-2022-12-31.xsd#exmar_DisclosureOfDivestituresExplanatory" xlink:label="DisclosureOfDivestituresExplanatory" xlink:title="DisclosureOfDivestituresExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDivestituresExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDivestituresExplanatory" xml:lang="en" id="label_DisclosureOfDivestituresExplanatory">Disclosure of Divestitures [Explanatory]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDivestituresExplanatory" xlink:to="label_DisclosureOfDivestituresExplanatory" xlink:title="Label : DisclosureOfDivestituresExplanatory to label_DisclosureOfDivestituresExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDivestituresExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfDivestituresExplanatory_1" xml:lang="en" id="label_DisclosureOfDivestituresExplanatory_1">The entire disclosure for divestitures.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDivestituresExplanatory" xlink:to="label_DisclosureOfDivestituresExplanatory_1" xlink:title="Label : DisclosureOfDivestituresExplanatory to label_DisclosureOfDivestituresExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="5493006GOR72R0ZYBN98-2022-12-31.xsd#exmar_DisclosureOfVesselExpensesExplanatory" xlink:label="DisclosureOfVesselExpensesExplanatory" xlink:title="DisclosureOfVesselExpensesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfVesselExpensesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfVesselExpensesExplanatory" xml:lang="en" id="label_DisclosureOfVesselExpensesExplanatory">Disclosure of Vessel Expenses [Explanatory]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfVesselExpensesExplanatory" xlink:to="label_DisclosureOfVesselExpensesExplanatory" xlink:title="Label : DisclosureOfVesselExpensesExplanatory to label_DisclosureOfVesselExpensesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfVesselExpensesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfVesselExpensesExplanatory_1" xml:lang="en" id="label_DisclosureOfVesselExpensesExplanatory_1">The entire disclosure for vessel expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfVesselExpensesExplanatory" xlink:to="label_DisclosureOfVesselExpensesExplanatory_1" xlink:title="Label : DisclosureOfVesselExpensesExplanatory to label_DisclosureOfVesselExpensesExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="5493006GOR72R0ZYBN98-2022-12-31.xsd#exmar_DisclosureOfVesselsAndBargesExplanatory" xlink:label="DisclosureOfVesselsAndBargesExplanatory" xlink:title="DisclosureOfVesselsAndBargesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfVesselsAndBargesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfVesselsAndBargesExplanatory" xml:lang="en" id="label_DisclosureOfVesselsAndBargesExplanatory">Disclosure of Vessels and Barges [Explanatory]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfVesselsAndBargesExplanatory" xlink:to="label_DisclosureOfVesselsAndBargesExplanatory" xlink:title="Label : DisclosureOfVesselsAndBargesExplanatory to label_DisclosureOfVesselsAndBargesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfVesselsAndBargesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfVesselsAndBargesExplanatory_1" xml:lang="en" id="label_DisclosureOfVesselsAndBargesExplanatory_1">The entire disclosure for vessels and barges.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfVesselsAndBargesExplanatory" xlink:to="label_DisclosureOfVesselsAndBargesExplanatory_1" xlink:title="Label : DisclosureOfVesselsAndBargesExplanatory to label_DisclosureOfVesselsAndBargesExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="5493006GOR72R0ZYBN98-2022-12-31.xsd#exmar_DisclosureOfOtherPropertyPlantAndEquipmentExplanatory" xlink:label="DisclosureOfOtherPropertyPlantAndEquipmentExplanatory" xlink:title="DisclosureOfOtherPropertyPlantAndEquipmentExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfOtherPropertyPlantAndEquipmentExplanatory" xml:lang="en" id="label_DisclosureOfOtherPropertyPlantAndEquipmentExplanatory">Disclosure of Other Property Plant and Equipment [Explanatory]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherPropertyPlantAndEquipmentExplanatory" xlink:to="label_DisclosureOfOtherPropertyPlantAndEquipmentExplanatory" xlink:title="Label : DisclosureOfOtherPropertyPlantAndEquipmentExplanatory to label_DisclosureOfOtherPropertyPlantAndEquipmentExplanatory" />
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